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1、畢業(yè)論文外文翻譯外文來(lái)源CatoHandbookforPolicymakersAuthor:DavidBoaz中文譯文卡托政策制定者手冊(cè)：戴維波阿斯部（系）商學(xué)部專業(yè)姓名學(xué)號(hào)200901200146指導(dǎo)老師2013年3月15日英文原文Catohandbookforpolicymakersauthor:DavidBoazCorporatetaxreformsDavidBoazCatoinstitute7th?Edition?2009CorporateTaxReformsAkeyissuefortaxpolicyintheglobaleconomyishowtodealwi
2、thmultinationalcorporations.Corporatetaxationisimportanttoinvestors,butalsotothelivingstandardsofaverageAmericans.Inaglobalizedeconomy,theburdenofthecorporateincometaxfallsmainlyonworkersintheformoflowerwages.IfcorporationsarenotinvestingintheUnitedStatesduetohightaxes,laborproductivityw
3、illfall,andthatwilldragdownAmericanwages.Comparedwithforeign-basedcorporations,U.S.multinationalcorporationsaresubjecttoparticularlyhightaxratesandcomplicatedtaxrules.TheUnitedStatestaxescorporationsontheirworldwideincome,eventhoughthatincomemayalsobesubjecttotaxesintheforeignnationswher
4、eitisearned.TheU.S.taxcodeprovidescreditstominimizedoubletaxation,butthisisacomplexanduncompetitivemethodofbusinesstaxation.Theworldwidesystemdiscouragestherepatriationofforeignearnings,anditputsU.S.businessesatadisadvantageinforeignmarkets.Bycontrast,two-thirdsofmajornationstaxcorporati
5、onsonaterritorialbasis,whichmeansthattheygenerallydonottaxbusinessincomeearnedoutsidetheirnationalborders.TherewouldbetwokeyadvantagesoftheUnitedStates’switchingfromaworldwidetoaterritorialsystemofbusinesstaxation.First,itwouldendthecurrenttaxbarriertotherepatriationofforeignearnings.Cur
6、rently,repatriatedforeignearningsaresubjecttothe35percentfederalcorporatetax,whichsuppressesprofitrepatriationandthusinvestmentintheUnitedStates.Underaterritorialsystem,businessprofitsearnedabroadwouldberepatriatedfreeofaU.S.taxburden.Second,itwouldhelpmaketheUnitedStatesagoodhomefortheh
7、eadquartersofmultinationalcorporations.Currently,ahightaxrateandtheworldwidetaxsystemmaketheUnitedStatesapoorchoiceforlocatingcorporateheadquarters.IftheUnitedStatesswitchedtoaterritorialsystem,companiescouldearnprofitsabroadwithoutaU.S.taxburdenplacedontopoftheforeigntax
