Paul L. Caron

Thursday, March 2, 2017

Morse:  A Transition Tax On Deemed Repatriated Foreign Earnings

Susan C. Morse (Texas), Taxing the $2.5 Trillion, 154 Tax Notes 247 (Jan. 9, 2017):

This article discusses a transition tax on deemed repatriated foreign earnings. It argues for a simple, rough-justice design and no offset for foreign tax credits.

A delayed effective date would permit corporations to repatriate at the current system and under current rates to take advantage of foreign tax credits.

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