Modernizing Corporate Taxation
How to tax multinational corporations' income was an unlikely headline topic at the recent G-8 summit, and it will be a key agenda item at the upcoming G-20 summit as well. Given these companies’ significance to national and global economic performance, world leaders’ focus on the intricacies of corporate taxation is easy to understand
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BERKELEY – How to tax the income of multinational corporations (MNCs) was an unlikely headline topic at the recent G-8 summit in Ireland. It will be a key agenda item at the upcoming G-20 summit in Russia as well. Given these companies’ significance to national and global economic performance, world leaders’ focus on the arcane intricacies of corporate taxation is easy to understand – perhaps nowhere more so than in the United States.