| 000 | 02302nab a2200325 c 4500 | ||
|---|---|---|---|
| 003 | ES-MaIEF | ||
| 005 | 20190121120444.0 | ||
| 007 | ta | ||
| 008 | 190118t2018 us ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
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| 041 | _aeng | ||
| 100 | 1 |
_951323 _aDowd, Timothy Jon |
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| 245 | 4 |
_aThe business cycle and the deduction for foreign derived intangible income _b : a historical perspective _c Tim Dowd and Paul Landefeld |
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| 260 | _c2018 | ||
| 500 | _aDisponible también en formato electrónico a través de la Biblioteca del IEF. | ||
| 500 | _aResumen. | ||
| 504 | _aBibliografía. | ||
| 520 | _aPublic Law 115-97, commonly known as the Tax Cuts and Jobs Act, was passed at the end of 2017 and drastically altered the taxation of corporate income with fundamental changes to the treatment of cross-border income flows. We focus on the potential impact of one particular provision, the deduction for Foreign Derived Intangible Income (FDII) which provides a deduction for high return income derived from exports of goods and services. We form a historical panel of corporate tax returns and simulate the deduction for FDII had it been in place from 2000–2015. We find that the deduction would have provided significant benefits, particularly to firms in the manufacturing, information, and professional services sectors. We find these benefits to be highly concentrated. In addition, we find that deemed intangible income (DII) is pro-cyclical in nature — declining significantly as a share of income during recessions. The deduction for FDII exacerbated the pro-cyclical nature of DII during the 2001 recession, whereas during the Great Recession, exports moderated the pro-cyclical nature of FDII. | ||
| 650 | 4 |
_947460 _aIMPUESTOS |
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| 650 | 4 |
_948454 _aSOCIEDADES |
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| 650 | 4 |
_948268 _aRENTAS EXTRANJERAS |
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| 650 | 4 |
_941769 _aDEDUCCIONES |
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| 650 | 4 |
_948426 _aSISTEMA FISCAL |
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| 650 | 4 |
_910750 _aREFORMA |
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| 650 | 4 |
_942888 _aESTADOS UNIDOS |
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| 700 | 1 |
_966908 _aLandefeld, Paul |
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| 773 | 0 |
_9158690 _oOP 233/2018/4 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _g v. 71, n. 4, December 2018, p. 729-750 |
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| 856 | _uhttps://ntanet.org/NTJ/71/4/ntj-v71n04p729-750-Business-Cycle-and-the-Deduction-for-Foreign-Derived-Intangible-Income.html | ||
| 942 | _cART | ||
| 999 |
_c139720 _d139720 |
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