'Tax Repatriation Holiday': Choosing Words Strategically
4 Pages Posted: 25 Nov 2011 Last revised: 18 Feb 2012
Date Written: November 23, 2011
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: Suggested Citation