This unique title provides in-depth description and analysis of tax systems worldwide. Combined with practical guidance on international planning approaches from a team of both tax practitioners and academics, this title will enhance planning for optimal specific arrangements in each cross-border business operation.

In addition to frequent references to country-specific tax legislation — including laws and rules in all EU Member States plus the United States, as well as special provisions in Australia, Japan, and elsewhere – the book discusses important ECJ decisions and numerous other case studies.

Gain full understanding with specific guidance on the following areas of international taxation:

-sources of tax legislation;
-role of bilateral tax treaties;
-determination of taxable income;
-tax collection, enforcement, and compliance;
-elimination of double taxation;
-treatment of losses;
-pass-through taxation vs. separate entity approach;
-tax burden at the corporate and shareholder levels;
-inheritance tax;
-harmonized VAT in the EU;
-allocation of functions, risks, assets, and capital;
-target variables for international tax burden comparisons;
-cross-border leasing;
-tax structuring for mergers and acquisition;
-tax management of intellectual property; and
-the proposed EU Common Consolidated Corporate Tax Base (CCCTB).