TAX SPARING MECHANISM AND FOREIGN DIRECT INVESTMENT

This book reviews the rationale of the tax sparing mechanism and analyses its effects within a framework of foreign direct investment from China into EU Member States.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: NA LI
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Place of publication not identified] IBFD.
Colección:IBFD Doctoral Ser.
Temas:
Tax sparing.
Investments, Foreign (International law)
Crédits d'impôt fictif.
Investissements étrangers (Droit international)
Tax sparing
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover
  • IBFD Doctoral Series
  • Title
  • Copyright
  • Preface
  • List of Figures and Tables
  • List of Abbreviations
  • Chapter 1: Introduction
  • 1.1. Research topic
  • 1.2. Research scope
  • 1.3. Aim of the book and research methodologies
  • 1.4. Structure of the book
  • Chapter 2: Basic Features
  • 2.1. Introductory remarks
  • 2.2. FDI
  • 2.2.1. Definition
  • 2.2.2. The growth of FDI
  • 2.2.3. Income taxes on FDI
  • 2.2.4. Elimination of double taxation
  • 2.2.4.1. Allocation rules
  • 2.2.4.2. Methods for relief of double taxation
  • 2.3. The tax sparing mechanism
  • 2.3.1. Definition
  • 2.3.2. History
  • 2.3.2.1. The rise
  • 2.3.2.2. Evolution in two camps
  • 2.3.2.3. The fall
  • 2.3.3. Main forms
  • 2.3.3.1. Contingent relief versus matching credit
  • 2.3.3.1.1. Contingent relief
  • 2.3.3.1.2. Matching credit
  • 2.3.3.1.3. A mix of contingent relief and matching credit
  • 2.3.3.2. Unilateral versus reciprocal
  • 2.3.3.3. With a sunset clause or without a sunset clause
  • 2.4. Interaction with contracting states' tax systems
  • 2.4.1. Interaction with the source state's tax system
  • 2.4.1.1. Source state's tax incentives
  • 2.4.1.1.1. Forms and content
  • 2.4.1.1.2. Addressing foreign direct investors or FDI subsidiaries
  • 2.4.1.1.3. Validity period
  • 2.4.1.2. Source state's withholding taxes
  • 2.4.2. Interaction with the residence state's tax system
  • 2.4.2.1. Worldwide income system versus territorial system
  • 2.4.2.1.1. Worldwide income system
  • 2.4.2.1.2. Territorial system
  • 2.4.2.2. Exemption method versus credit method
  • 2.4.2.2.1. Exemption method
  • 2.4.2.2.2. Credit method
  • 2.4.2.3. Controlled foreign corporation rules
  • 2.5. Taxation's effect on FDI
  • 2.5.1. Does taxation influence location and investment decisions?
  • 2.5.2. Do tax incentives influence the location and investment decision?
  • 2.5.3. Does the tax sparing mechanism affect FDI?
  • 2.5.3.1. Hines' study
  • 2.5.3.2. Azémar, Desbordes and Mucchieli's study
  • 2.5.3.3. Azémar and Delios' study
  • 2.6. Summary
  • Chapter 3: Is the Tax Sparing Mechanism a Foreign-Aid Tool?
  • 3.1. Introductory remarks
  • 3.2. The tax sparing mechanism as a foreign-aid tool
  • 3.2.1. Rationale
  • 3.2.2. Used by developed countries to help developing countries
  • 3.2.3. Approaches of selected countries and the OECD
  • 3.2.3.1. The United Kingdom
  • 3.2.3.2. The United States
  • 3.2.3.3. The OECD
  • 3.2.3.3.1. Acceptable attitude in the Commentary on the 1963 OECD Draft MC
  • 3.2.3.3.2. Positive attitude in the Commentary on the 1977 OECD MC and the 1992 OECD MC
  • 3.2.3.3.3. Negative attitude in the 1998 OECD Tax Sparing Report and in the Commentary on the 2000 OECD MC
  • 3.3. The tax sparing mechanism is not a foreign-aid tool
  • 3.3.1. Rationale
  • 3.3.1.1. A technique for overcoming the inadequacy of the foreign-tax credit method
  • 3.3.1.1.1. Viherkenttä's arguments
  • 3.3.1.1.2. Echo from Laurey's study

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