On Biden's Proposed International Corporate Tax Reform

Materials referenced in the podcast

• Made in America Tax Plan Green Book

• A stranded $2T overseas stash gets closer to home. Jeff Sommer. New York Times. 4 November 2016.

• Edwards, A., T. Kravet and R. Wilson, 2016. Trapped cash and the profitability of foreign acquisitions. Contemporary Accounting Research 33: 44-77.

• Hanlon, M., R. Lester, and R. Verdi, 2015. The effect of repatriation tax costs on U.S. multinational investment. Journal of Financial Economics 116: 179-196.

• Tax Cuts and Jobs Act of 2017

• Apple accelerates US investment and job creation. Apple Press Release. 17 January 2018.

• US tax bill passes, allowing Apple to repatriate its $252B foreign cash, but there's a catch. Ben Lovejoy. 9to5mac. 21 December 2017.

• Markle, K. 2016. A comparison of the tax-motivated income shifting of multinationals in territorial and worldwide countries. Contemporary Accounting Research 33: 7-43.

• G7 ministers agree global minimum tax of at least 15%. Reuters. 7 June 2021.

• Congressional Republicans vow to oppose Yellen's G7 tax deal, casting doubt on its future. David Morgan and David Lowder. Reuters Business. 7 June 2021.

Additional readings and resources

• Measuring the impact of Trump's tax cuts. Lisa De Simone. Barron's. 5 June 2019.

• Global anti-base erosion (GLoBE) proposal - public consultation document. OECD/G20 Base Erosion and Profit Shifting Project. 2019.