Incorporating a Minimum Tax in a Territorial System

15 Pages Posted: 4 Oct 2017 Last revised: 12 Feb 2018

J. Clifton Fleming

Brigham Young University - J. Reuben Clark Law School

Robert J. Peroni

University of Texas at Austin - School of Law

Stephen E. Shay

Harvard Law School

Date Written: October 2, 2017

Abstract

In this report, Fleming, Peroni, and Shay analyze the effects of including a final, low-rate minimum tax on U.S. multinational corporations in a territorial system. They continue to prefer a real worldwide international tax system, but see a final, low-rate minimum tax as a second-best measure to reduce the revenue loss of a territorial system.

Keywords: Income Taxation, International Taxation, International Income Taxation, Residence, Corporate Residence

JEL Classification: H20, H25, H26, H87, K34

Suggested Citation

Fleming, J. Clifton and Peroni, Robert J. and Shay, Stephen E., Incorporating a Minimum Tax in a Territorial System (October 2, 2017). 157 Tax Notes 73 (2017); U of Texas Law, Public Law Research Paper; BYU Law Research Paper No. 18-01. Available at SSRN: https://ssrn.com/abstract=3046788 or http://dx.doi.org/10.2139/ssrn.3046788

J. Clifton Fleming

Brigham Young University - J. Reuben Clark Law School ( email )

430 JRCB
Brigham Young University
Provo, UT 84602
United States

Robert Joseph Peroni

University of Texas at Austin - School of Law ( email )

727 East Dean Keeton Street
Austin, TX 78705
United States

Stephen E. Shay (Contact Author)

Harvard Law School ( email )

1563 Manssachusetts Avenue
Cambridge, MA 02138
United States

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