The Revenue Consequences of Using Formula Apportionment to Calculate U.S. and Foreign-Source Income: A Firm-Level Analysis
dc.contributor.author | Shackelford, Douglas | en_US |
dc.contributor.author | Slemrod, Joel B. | en_US |
dc.date.accessioned | 2006-09-11T17:24:06Z | |
dc.date.available | 2006-09-11T17:24:06Z | |
dc.date.issued | 1998-02 | en_US |
dc.identifier.citation | Shackelford, Douglas; Slemrod, Joel; (1998). "The Revenue Consequences of Using Formula Apportionment to Calculate U.S. and Foreign-Source Income: A Firm-Level Analysis." International Tax and Public Finance 5(1): 41-59. <http://hdl.handle.net/2027.42/46120> | en_US |
dc.identifier.issn | 0927-5940 | en_US |
dc.identifier.issn | 1573-6970 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/46120 | |
dc.description.abstract | This paper examines the 1989–1993 publicly available financial reports of 46 U.S.-based multinationals to estimate the revenue implications of implementing a U.S. federal formula apportionment system. Ignoring behavioral responses, we estimate shifting to an equal-weighted, three-factor formula would have increased their U.S. tax liabilities by 38 percent, with an 81 percent increase for oil and gas firms. We find the firms report a lower percentage of their worldwide profits as American profits than their American share of assets, sales, or payroll. The results may be attributed to more profitable foreign operations, tax-motivated income shifting, or measurement error. | en_US |
dc.format.extent | 108783 bytes | |
dc.format.extent | 3115 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Kluwer Academic Publishers; Springer Science+Business Media | en_US |
dc.subject.other | Economics / Management Science | en_US |
dc.subject.other | Public Finance & Economics | en_US |
dc.subject.other | Business Taxation | en_US |
dc.subject.other | Finance /Banking | en_US |
dc.subject.other | Formula Apportionment | en_US |
dc.subject.other | Multinational Taxation | en_US |
dc.subject.other | Revenue Estimates | en_US |
dc.subject.other | Financial Statements | en_US |
dc.subject.other | Accounting for Income Taxes | en_US |
dc.title | The Revenue Consequences of Using Formula Apportionment to Calculate U.S. and Foreign-Source Income: A Firm-Level Analysis | en_US |
dc.type | Article | en_US |
dc.subject.hlbsecondlevel | Political Science | en_US |
dc.subject.hlbtoplevel | Government, Politics and Law | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | University of Michigan, USA | en_US |
dc.contributor.affiliationother | Kenan-Flagler Business School, University of North Carolina, Campus Box 3490, McColl Building, Chapel Hill, NC, 27599-3490 | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/46120/1/10797_2004_Article_152352.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1023/A:1008664408465 | en_US |
dc.identifier.source | International Tax and Public Finance | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.