Ending the Taxation of Foreign Business Income
- Author(s): Terrence Chorvat
- Posted: 2000
- Law & Economics #: 00-16
- Availability: Full text (most recent) on SSRN
ABSTRACT:
This article examines the current system of taxation of income earned by US residents (both corporations and individuals) in foreign countries. It finds that adopting a system whereby this income was exempt from US income tax would increase economic efficiency.