U. S. Multinational Corporations: Effective Tax Rates Are Correlated With Where Income Is Reported
U.S. and foreign tax regimes influence decisions of U.S. multinational corp. (MNC) regarding how much to invest and how many workers to employ in particular activities and in particular locations. Tax rules also influence where corp. report earning income for tax purposes. The average effective tax rate, which equals the amount of income taxes a business pays divided by its pretax net income (measured according to accounting rules, not tax rules), is a useful measure of actual tax burdens. This report provides information on the average effective tax rates that U.S.-based businesses pay on their domestic and foreign-source income and trends in the location of worldwide activity of U.S.-based businesses. Charts and tables.
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