Submission to House Ways & Means Committee in Connection with June 13, 2013 Hearing on Tax Reform: Tax Havens, Base Erosion and Profit-Shifting

10 Pages Posted: 25 Jun 2013

See all articles by Jeffery M. Kadet

Jeffery M. Kadet

University of Washington - School of Law

Date Written: June 23, 2013

Abstract

This submission to the House Ways & Means Committee following its June 13, 2013 "Hearing on Tax Reform: Tax Havens, Base Erosion and Profit-Shifting" adds some practical points to supplement what Professor Kleinbard presented at the hearing regarding his recommended worldwide tax consolidation approach to international tax reform as compared to the alternatively proposed territorial system. It also provides comments on Option C, which Professor Kleinbard said was absolutely impossible to administer, concerns that Mr. Oosterhuis, another speaker, merely dismissed. Finally, it suggests an approach regarding taxation of the accumulated overseas earnings that is now reportedly approaching $2 trillion.

Keywords: International Tax Reform, Full-Inclusion System, Worldwide Tax Consolidation, Territorial System

JEL Classification: H21, H25, K34, E62

Suggested Citation

Kadet, Jeffery M., Submission to House Ways & Means Committee in Connection with June 13, 2013 Hearing on Tax Reform: Tax Havens, Base Erosion and Profit-Shifting (June 23, 2013). Available at SSRN: https://ssrn.com/abstract=2283954 or http://dx.doi.org/10.2139/ssrn.2283954

Jeffery M. Kadet (Contact Author)

University of Washington - School of Law ( email )

William H. Gates Hall
Box 353020
Seattle, WA 98105-3020
United States

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