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1 Kyle Pomerleau, et al., Anti-Base Erosion Provisions and Territorial Tax Systems in OECD Countries 1 (2021)

handle is hein.taxfoundation/aibeenps0001 and id is 1 raw text is: Anti-Base Erosion Provisions and TAX , Territorial Tax Systems in OECD Countries FISCAL Kyle Pomerleau Senior Fellow, American Enterprise Institute FACT Daniel Bunn Vice President of Global Projects No. 772 Thomas Locher Research Assistant July 2021 Key Findings All OECD countries with territorial tax systems have designed provisions that seek to prevent base erosion and profit shifting by multinational corporations. Designing a territorial tax system requires balancing competing goals: exempting foreign business activity from domestic taxation, protecting the domestic corporate tax base, and creating a simple system. A system can generally only have up to two of these. Many countries including the United States have either reformed or adopted new rules to protect their tax bases in recent years. More than 130 countries are discussing a global minimum tax as an additional measure of tax base protection, although it is unclear whether this policy will amend current rules or create a complex new layer of tax rules for multinationals. The Tax Foundation is the nation's leading independent tax policy research organization. Since 1937, our research, analysis, and experts have informed smarter tax policy at the federal, state, and global levels. We are a 501(c)(3) nonprofit organization. ©2021 Tax Foundation Distributed under Creative Commons CC-BY-NC 4.0 Editor, Rachel Shuster Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org