The good news is that the recently passed Republican tax reform package partially shifted the country to a territorial tax system
international tax system into the 21st century by replacing our outdated worldwide system with a modernized territorial tax system
, so that American businesses are not operating at a disadvantage next to their foreign competitors.
This credit has been modified to reflect a move toward a territorial tax system
Juniper expects the new territorial tax system
to provide lower cost access to nearly all global free cash flow on an ongoing basis.
The business community has long called for lower rates for all businesses, full and immediate expensing, and a territorial tax system
because we know these elements are the pro-growth reforms our economy needs to thrive.
The remainder includes the effects of the implementation of the territorial tax system
and the remeasurement of US deferred tax assets at lower enacted corporate tax rates", Goldman said in a Securities and Exchange Commission filing yesterday.
In addition, as most OECD nations have moved to a territorial tax system
, the United States has continued to tax the worldwide profits of its domestic corporations.
One major feature of the tax bills moving through Congress at the end of 2017, as well as the proposals of all major Republican presidential candidates in recent years, is a provision that would create a territorial tax system
for the United States.
The Republicans also dream of a territorial tax system
, whereby American corporations are taxed only on the income they generate in the US.
And finally, the bill proposes a territorial tax system
This behavior implies that a shift to a territorial tax system
will cause multinational corporations to repatriate more of the profits of their foreign subsidiaries rather than investing them abroad.
Among the potential winners are companies that could repatriate overseas profits if the proposal to switch from a global to a territorial tax system
is adopted, as outlined in the framework.