I was a member of an international commission, the Independent Commission for the Reform of International Corporate Taxation, examining ways to reform the current tax system.

Referring to corporate income made sense when company taxation was seen as a back stop within a system of progressive taxation of personal incomes.

and J.J. McConnell (2003), International Corporate Governance.

The state s function should be to enact and enforce laws on corporate governance and taxation of managers compensation.

(If one worried about double taxation, one could allow a credit for corporate taxes on individual tax returns.)

Sarkozy is also planning to cut corporate taxation, which, at 35.4 , remains 20 higher than the European average.

The European Commission is considering a common model of corporate taxation for the European Union that cannot possibly work.

Others emphasize the quality of corporate law. Still others look at policies, like trade openness or lightness of taxation.

Another reason to scrap income and move to presumptive taxation of corporate activities stems from the EU s decentralized nature.

Smart Taxation

Many developing countries lack a corporate income tax the huge profits of the telecom, cement, and other monopoly sectors escape taxation.

Now it is important to continue the efforts of the OECD and the G 20 in the area of corporate taxation.

Referring to corporate income made sense when company taxation was seen as a back stop within a system of progressive taxation of personal incomes. But most countries have now adopted dual income taxation that treat the fruits of capital more leniently than other personal income.

However, a radical change in approach is required the notion of income as a basis for corporate taxation should be scrapped altogether.

Why Taxation Must Go Global

Defenders of low rates for capital owners argue that it minimizes double taxation of corporate income first of the corporation and then of its shareholders.

Rates and rules for personal and corporate income taxes appear reasonable by international standards.

Rates and rules for personal and corporate income taxes appear reasonable by international standards.

Indeed, given that most investment is financed by debt, and that interest payments are tax deductible, the level of corporate taxation has little effect on investment.

Here corporate governance may include its relation to corporate finance.

Pricing Corporate Governance

A Corporate Manifesto

This can include broadening the tax base, reducing tax avoidance and evasion, improving tax collection, and developing new, cooperative international taxation strategies.

Excessive taxation can dull incentives and hinder growth.

But too little taxation can do the same.

Indeed, his ideas about taxation have revolutionized Europe.

The International Monetary Fund (IMF), for example, pushes widespread improvement in laws related to corporate and financial institutions.

Politics and Corporate Money

Unblocking Corporate Governance Reform

Whose Corporate Social Responsibility?

Winning at Corporate Governance

Corporate Crimes and Punishments

The Corporate Tax Conundrum

The Secret Corporate Takeover

Developing countries should say no to obvious trade protectionism, but they should be willing to negotiate to avoid regulatory races to the bottom in such areas as labor standards or corporate taxation.

Developing countries should say no to obvious trade protectionism, but they should be willing to negotiate to avoid regulatory races to the bottom in such areas as labor standards or corporate taxation.

In order to survive international tax competition and thus be able to rely on corporate taxes as a source of revenue Japan s corporate tax rate should be lowered in the long run.

Meanwhile, direct taxation of corporations and individuals has tended to decline despite the moot claim that lower direct taxation ensures investment and growth.

BP s corporate responsibility is huge.

Corporate executives manage larger companies.

What Corporate Tax for Europe?

Corporate Liability for Human Rights

Corporate strategy Vision 2006 2007

Tom climbed the corporate ladder.

Taxation is broad based and relatively non distorting, while open international trade, market forces, and private ownership of industry are relied on to maintain incentives.