'Tax Repatriation Holiday': Choosing Words Strategically

4 Pages Posted: 25 Nov 2011 Last revised: 18 Feb 2012

Date Written: November 23, 2011

Abstract

Proposals to exempt from U.S. tax dividends from foreign subsidiaries have created a battle of propaganda. This paper examines terms like holiday, repatriation, and amnesty -- and the spin that results. It argues that Retroactive Territoriality is more accurate and neutral than Repatriation Holiday, and concludes that using the right label is essential to the public task of choosing among (1) the current U.S. theory of Worldwide taxation, (2) Territoriality, and (3) formula apportionment under worldwide Unitary.

Keywords: Tax, Repatriation, Holiday, Deferral, Unitary, Territoriality, Worldwide Taxation, International Taxation, International Tax Policy, Territorial

JEL Classification: H87, H25, H26

Suggested Citation

Oglesby, Pat, 'Tax Repatriation Holiday': Choosing Words Strategically (November 23, 2011). Available at SSRN: https://ssrn.com/abstract=1963951 or http://dx.doi.org/10.2139/ssrn.1963951

Pat Oglesby (Contact Author)

Center for New Revenue ( email )

1830 North Lakeshore Drive
Chapel Hill, NC 27514

HOME PAGE: http://www.newrevenue.org

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