German tax treaty: imputed tax credit relief and policy implications
Article Abstract:
US tax policy may be one step closer to change, from the traditional method of double taxation of corporate income to an integrated scheme, thanks to the most recent US-German tax treaty. The treaty includes a negotiated acceptance of Germany's integrated tax system which figures the income the same at the corporate and personal level, but imputes a tax credit to the individual, rather than taxing both. This treaty may pave the way for other such treaties and the eventual shift to an integrated system for the US. The history of the treaty and specific tax mechanisms are also presented.
Publication Name: The International Tax Journal
Subject: Business, international
ISSN: 0097-7314
Year: 1993
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Tax reform in China
Article Abstract:
Changes in tax policy enacted in China on Jan 1, 1994, were designed to be fair, encourage economic growth and provide the local and central governments with revenue. Unified circulation taxes, domestic enterprise taxes and agricultural specialty taxes have been enacted to replace less consistent tax schemes that distinguished between state-owned businesses and private businesses. Other taxes, including contract tax have been eliminated. Overall income tax rates have been reduced, and deductions have been put in place.
Publication Name: The International Tax Journal
Subject: Business, international
ISSN: 0097-7314
Year: 1995
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Tax treaties in conflict with the EC treaty: the incompatibility of anti-abuse provisions and EC law
Article Abstract:
Anti-abuse provisions in various European tax treaties often conflict with European Community law. Analysis of UK, French, German, Dutch, and Spanish tax treaties indicates the need for the creation of an acceptable European definition of anti-abuse. Anti-abuse provisions should shift away from shareholder tests to activity tests so entrepreneurs will always receive benefits. An EC-US treaty is another possible solution.
Publication Name: The International Tax Journal
Subject: Business, international
ISSN: 0097-7314
Year: 1996
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