Challenges and guidelines in taxation of transnational corporations activities

Anna Maksymenko
PhD in Economics, Associate Professor of International Accounting and Auditing Department, Kyiv National Economic University named after V. Hetman, E-mail:an-maksimenko@mail.ru

Cite this article:

Maksymenko, A. (2015), Challenges and guidelines in taxation of transnational corporations activities. Ed.: M. Zveryakov (ed.-in-ch.) and others [Vyklyky ta orientyry opodatkuvannia diialnosti TNK; za red.: М. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 3, No. 58, pp. 31–38.

Abstract

Challenges and guidelines in the taxation of TNC activity in the context of global forecasting changes in the structure of the tax field are specified in the article. Fiscal problems in developed economies are identified; attention is focused on the problems of the Eurozone. The concept of «stateless income» is critically analyzed. The need to review the system of corporate taxation, which should provide an opportunity to reduce data distortions and, consequently, ineffective tax regulations, is clarified.

Keywords

corporate tax; taxation of multinational corporations; tax regulations; fiscal crisis; stateless income; international taxation.

JEL classification: H200, H250

UD classification: 336.227:339.92

References

1. Prafula P., Pope, J. (2002), «International Taxation of MNCs», Revenue Law Journal, Vol. 12, Issue 1, available at: http://epublications.bond.edu.au/cgi/viewcontent.cgi?article=1132&context=rlj.
2. James, S, Sawyer, A. (2004), «International Trends in Taxation and the Taxation of Investment», available at: https://business-school.exeter.ac.uk/documents/papers/management/2004/0405.pdf.
3. Paris, R. (2003), «The Globalization of Taxation? Electronic Commerce and Transformation of the State», International Studies Quarterly, No. 47, pp. 153–182, available at: http://onlinelibrary.wiley.com/doi/10.1111/1468-2478.4702001/abstract.
4. Kleinbard, E. (2011), «Stateless Income», Florida Tax Review, No. 11 (9), рp. 699–774, available at: http://www.sbs.ox.ac.uk/sites/default/files/Business_Taxation/Docs/WP1208.pdf.
5. World Economic Outlook Database (2013), International Monetary Fund, available at: https://www.imf.org/external/pubs/ft/weo/2013/02/weodata/index.aspx.
6. Teather, R. (2005), «The Benefits of Tax Competition», The Institute of Economic Affairs, London, 167 p.
7. Bos, W. (2000), Speech to OECD Harmful Tax Competition Conference, 29 June 2000, available at: http://www.minfin.nl/nl/actueel/kamerstukken_en_besluiten,2000/06/v00_390.html.
8. OECD.StatExtrats, available at: http://stats.oecd.org
9. Davidson, S. (2014), «Multinational corporations, stateless income and tax havens», available at: http://www.accaglobal.com/content/dam/acca/global/PDF-technical/tax-publications/tech-tp-mcsith.pdf.