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International Taxation

  • Douglas Wood
  • James Byrne

Abstract

It is customary to commence a discussion of taxation with the advice that the objective of tax management is not to minimise taxation but to maximise the flow of after-tax earnings. Unfortunately, this is something of an oversimplification. The company obtains resources to achieve its objectives through a variety of fund flows other than post-tax income — borrowing, depreciation, factoring and leasing are obvious examples. In addition, there is the major consideration of grants and benefits that are commonly provided for new investment, particularly in high tax regions. The objective of taxation management should therefore be to reflect these alternatives by being concerned to minimise the impact of taxation on the ability of an organisation to achieve its strategic objectives of growth and survival.

Keywords

Cash Flow Parent Company Indirect Taxis International Taxation Cash Surplus 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. J. D. R. Adams and J. Whalley, The International Taxation of Multinational Enterprises in Developed Countries (London: Associated Business Programmes for Institute of Fiscal Studies, 1977).Google Scholar
  2. John F. Chown, Taxation and Multinational Enterprise (London: Longmans, 1974).Google Scholar
  3. S. N. Frommel, Taxation of Branches and Subsidiaries in Western Europe, Canada and the USA (London: Kluwer-Harrap, 1975).Google Scholar
  4. Donald R. Ravenscroft, Taxation and Foreign Currency (Cambridge, Mass: Harvard Law School, 1973).Google Scholar

Copyright information

© Douglas Wood and James Byrne 1981

Authors and Affiliations

  • Douglas Wood
    • 1
  • James Byrne
    • 1
  1. 1.International Centre for Banking and FinanceManchester Business SchoolUK

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