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Taxing Profit in a Global Economy

Michael P. Devereux, Alan J. Auerbach, Michael Keen, Paul Oosterhuis, Wolfgang Schön, and John Vella

Abstract

This book undertakes a fundamental review of the existing international regime for taxing business profit. It steps back from the current political debates on how to combat profit shifting and how taxing rights over the profits of the digitalized economy should be allocated. Instead, it starts from first principles to ask how we should evaluate a tax on business profit—and whether there is any good rationale for such a tax in the first place. It then goes on to evaluate the existing regime and a number of alternatives that have been proposed. It argues that the existing regime is fundamentally ... More

Keywords: business taxation, profit taxation, international taxation, multinationals, business location and investment, tax avoidance, profit shifting, tax competition, destination-based taxation

Bibliographic Information

Print publication date: 2021 Print ISBN-13: 9780198808060
Published to Oxford Scholarship Online: March 2021 DOI:10.1093/oso/9780198808060.001.0001

Authors

Affiliations are at time of print publication.

Michael P. Devereux, author
Professor of Business Taxation and Director of the Oxford University Centre for Business Taxation

Alan J. Auerbach, author
Robert D. Burch Professor of Economics and Law , University of California, Berkeley.

Michael Keen, author
Deputy Director of the Fiscal Affairs Department, International Monetary Fund

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