Faculty News | Financial Times | 17 Jul 2012
Tax, offshoring, and the Washington gridlock
Re: Mihir Desai
The reform would involve moving to a territorial system, combined with cuts in top marginal tax rates, but would also include forcing corporations to pay some proportion of the profits they report to investors rather than the (completely different and generally much lower) profits they report to the tax authorities, and clamping down on corporations that report profits in tax havens rather than where they were generated.

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