Broken, Needs Repair: An Overview of the International Corporate Taxation System
Over recent years there has been increasing attention given to the structures multi-national firms use to manage their tax liabilities. This Research inBrief examines the international corporate taxation system and some of the recent evidence that points towards its failings and the need for its reform.
In reality there is no such thing as an international corporate taxation system; rather what exists is a set of rules that have evolved piecemeal, within and between countries, since around the 1920s.
In their current format the collective result of these structures has been to provide numerous legitimate routes for profitable firms to shift profits and minimise taxation.
This document points towards some key reforms and highlights the implications they carry for Ireland.