000 | 01958nab a2200253 c 4500 | ||
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999 |
_c140423 _d140423 |
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003 | ES-MaIEF | ||
005 | 20230612191015.0 | ||
007 | ta | ||
008 | 190410t2019 ne ||||oo|||| 00| 0|eng d | ||
040 |
_aES-MaIEF _bspa _cES-MaIEF |
||
041 | _aeng | ||
100 | 1 |
_aKayis Kumar, Ann _963917 |
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245 | 0 |
_aSimulating tax minimization strategies of multinationals _bevaluating the effectiveness of changes in the United Kingdom's corporate interest deductibility rules _c Ann Kayis - Kumar |
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260 | _c2019 | ||
500 | _aDisponible únicamente en formato electrónico en la Biblioteca del IEF. | ||
500 | _aResumen. | ||
520 | _aOne of the most significant international taxation trends has been the rise of thin capitalization rules. However, these rules are one of many legislative approaches to restricting interest deductibility, and since 2015, a new trend has emerged. Increasingly, jurisdictions across Europe and Asia are replacing their thin capitalization rules with fixed-ratio rules in accordance with the OECD BEPS Action 4 recommendation for a net interest-to-EBITDA ratio. Yet, governments are not always able to observe how multinational enterprises structure their internal affairs in response to regulatory changes. Therefore, this article presents a case study of the United Kingdom's corporate interest deductibility rules over the past 3 decades and analyses these reforms by simulating the behavioural responses of a tax-minimizing multinational enterprise. This review and analysis both facilitate a comparison of the effectiveness of these rules in the UK context, which can inform the framing and evaluation of such regimes in other jurisdictions. | ||
650 | 4 |
_943600 _aEMPRESAS MULTINACIONALES |
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650 | 4 |
_947502 _aINTERES |
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650 | 0 |
_967106 _aDEDUCCIONES TRIBUTARIAS |
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650 | 4 |
_948241 _aREINO UNIDO |
|
773 | 0 |
_9160099 _oWTJ/2019/1 _tWorld Tax Journal _w (IEF)62814 _g v. 11, n. 1, February 2019, p. 121-155 |
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942 | _cRE |