Taxing Multinationals : Transfer Pricing and Corporate Income Taxation in North America.

Intro -- Contents -- Preface -- PART I: THE RULES OF THE GAME -- 1 Taxing Multinationals: An Introduction to the Issues -- Introduction -- How Should National Governments Tax Multinationals? -- The Purpose and Organization of This Book -- Multinationals and Transfer Pricing -- National Regulation of Transfer Pricing -- The International Tax Transfer Pricing Regime -- Explaining the Transfer Pricing Methods -- The Importance of This Topic -- Appendix 1.1: Searching For a CUP: The Christmas Tree Case -- Appendix 1.2: A Typical Business Income Statement -- Appendix 1.3: Differences in Economic and Accounting Methodologies -- 2 The International Tax Transfer Pricing Regime -- Introduction -- The Theory of International Regimes -- The International Tax Regime -- The North American Tax Regime -- An Assessment of the International Tax Regime -- The International Tax Transfer Pricing Regime -- The North American Tax Transfer Pricing Regime -- An Assessment of the International Tax Transfer Pricing Regime -- Conclusions -- Appendix 2.1: International Guidelines on Taxing Multinationals -- PART II: MULTINATIONALS AND INTRAFIRM TRADE -- 3 The Multinational Enterprise as an Integrated Business -- Introduction -- Why Multinationals Exist -- Managing the Multinational as an Integrated Business -- Multinationals and Intrafirm Trade -- Multinationals and the North American Free Trade Agreement -- Conclusions -- 4 Multinationals and Intrafirm Trade in North America -- Introduction -- North American Trade and Investment Patterns -- How Large Is Intrafirm Trade in North America? -- Conclusions -- PART III: TRANSFER PRICING AND TAXATION -- 5 The Simple Analytics of Transfer Pricing -- Introduction -- Transfer Pricing in a Horizontally Integrated Multinational -- Transfer Pricing in a Vertically Integrated Multinational.

Three Problems with the Transfer Pricing Rules for Tangibles -- Setting Transfer Prices for Intangible Assets -- Setting Transfer Prices for Support Services -- Conclusions -- 6 Taxing Multinationals in Theory -- Introduction -- Taxes and Transfer Pricing in Theory -- Transfer Pricing and Trade Taxes -- Transfer Pricing and a Tax on Pure Profits -- Some Related Issues -- Transfer Pricing and the Corporate Income Tax -- Tax Penalties for Transfer Price Manipulation -- Transfer Pricing and Unitary Taxation -- Conclusions -- 7 Taxing Multinationals in Practice -- Introduction -- Transfer Price Manipulation: A Literature Review -- The IRS versus Foreign Multinationals: Tax Grab or Tax Abuse? -- Incentives to Manipulate Transfer Prices in North America -- New Evidence on Taxing Multinationals in North America -- Conclusions -- PART IV: THE RULES OF THE GAME IN NORTH AMERICA -- 8 The U.S. Tax Transfer Pricing Regulations Part I: Rules -- Introduction -- The U.S. Approach to Tax Transfer Pricing -- Section 482: Allocation of Income and Deductions -- Applying the Arm's Length Standard to Tangibles -- Applying the Arm's Length Standard to Intangibles -- Creating One Set of Rules: The New 482 Regulations -- Conclusions -- Appendix 8.1: A History of U.S. Tax Transfer Pricing Regulation -- 9 The U.S. Tax Transfer Pricing Regulations Part II: Procedures -- Introduction -- General Audit Procedures -- Enforcement and Penalties -- Updating the Dispute-Settlement Process -- Conclusions -- 10 The Canadian Tax Transfer Pricing Regulations -- Introduction -- The Canadian Rules for Valuing Intrafirm Transactions -- The Tax Avoidance Provisions -- The Canadian Administrative Procedures -- Conclusions -- Appendix 10.1: A History of Canadian Tax Transfer Pricing Regulations -- 11 Transfer Pricing and the Tax Courts -- Introduction -- Indalex: The Facts of the Case.

The Federal Court, Trial Division, Decision (1986) -- The Federal Court of Appeal Decision (1988) -- An Economic Analysis of the Indalex Case -- Lessons Learned from the Indalex Case -- Conclusions -- PART V: REFORMING THE RULES OF THE GAME -- 12 Reforming the Tax Transfer Pricing Regime Part I: Principles and Norms -- Introduction -- Reforming the Principles: International Equity and Neutrality -- Reforming the Norm: The Arm's Length Standard -- Replacing the Norm: Unitary Taxation -- Conclusions -- 13 Reforming the Tax Transfer Pricing Regime Part II: Rules and Procedures -- Introduction -- Reforming the Rules: The Rules in Theory -- Reforming the Rules: The Rules in Practice -- Reforming the Procedures: Dispute-Resolution Mechanisms -- Conclusions -- 14 Conclusions and Policy Recommendations -- Introduction -- Does Transfer Pricing Matter? -- The Problem: Multinationals Are Integrated Businesses -- The Solution: The International Tax Transfer Pricing Regime -- Current U.S. and Canadian Practice -- Policy Recommendations -- Conclusions -- Notes -- Glossary -- A -- B -- C -- D -- E -- F -- G -- H -- I -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- Bibliography -- Author Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Z -- Subject Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W.

Eden examines how transfer pricing has been handled in different disciplines, including international business, economics, accounting, law and public policy.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.