Arbeitspapier

Taxing Multinational Enterprises: A Theory-Based Approach to Reform

Almost 140 countries have agreed to reallocate the rights to tax international corporate profits and to introduce minimum tax rates. The agreed plan is the product of pragmatism and a search for consensus, but ambitious. It includes steps towards unitary taxation to be established by a multilateral convention that the world has not yet seen in comparable format. This paper argues for a reform that retains separate entity accounting and addresses the flaws in the current system of corporate taxation at their root rather than merely fixing symptoms. To this end, a reform aimed specifically at the rules governing the taxation of intangible assets is recommended.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 10119

Classification
Wirtschaft
Business Taxes and Subsidies including sales and value-added (VAT)
Multinational Firms; International Business
Accounting and Auditing: Government Policy and Regulation
Subject
OECD/G20 BEPS Project
formula apportionment
separate entity accounting
Shapley assignment of taxing rights
residual profit allocation/splitting

Event
Geistige Schöpfung
(who)
Richter, Wolfram F.
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2022

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Richter, Wolfram F.
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2022

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