NAFTA Tax Law and Policy : : Resolving the Clash between Economic and Sovereignty Interests / / Arthur J. Cockfield.

• Superior document: Title is part of eBook package: De Gruyter University of Toronto Press eBook-Package Backlist 2000-2013
• VerfasserIn: Cockfield, Arthur J.,
• Place / Publishing House: Toronto : : University of Toronto Press, , [2016]; ©2005
• Year of Publication: 2016
• Language: English
• Physical Description: 1 online resource (315 p.)

Under the North American Free Trade Agreement (NAFTA), Canada, the United States, and Mexico continue to maintain their own distinct tax regimes, jealously guarding their sovereign right to do so. At times, these different tax systems harm the economic welfare of the trade bloc by imposing barriers to cross-border flows of capital. In NAFTA Tax Law and Policy, Arthur J. Cockfield analyzes these different tax systems and proposes a number of recommendations to reduce the harm caused by these barriers.Cockfield argues that it is unrealistic to expect the NAFTA countries to negotiate comprehensive reform efforts such as full-fledged tax harmonization. Rather, a strategy of heightened multilateral tax coordination is the appropriate solution as it permits the countries to maintain national tax differences, but strives to smooth over many of the problems created by the interaction of the tax regimes. The NAFTA countries should promote binding arbitration for transfer pricing disputes, multilateral tax treaty negotiations, the elimination of parent/subsidiary dividend withholding taxes, and enhanced administrative cooperation to reduce tax compliance costs for multinational firms. Only then, can NAFTA function in the way it was designed to.

Table of Contents

Frontmatter -- Contents -- Tables -- Preface -- CHAPTER 1. Introduction -- PART I. THE CURRENT REGIME -- CHAPTER 2. Background Issues -- CHAPTER 3. The Tax Systems -- CHAPTER 4. Tax Coordination -- PART II. THE ECONOMIC STAKES -- CHAPTER 5. Taxes and Cross-Border Investments -- CHAPTER 6. The Impact of U.S. Dividend Tax Reform -- PART III. SOVEREIGNTY CONCERNS -- CHAPTER 7. Lessons from Europe -- CHAPTER 8. E-Commerce Tax Policy -- PART IV. DEVELOPING AN INTERNATIONAL TAX POLICY FOR NAFTA -- CHAPTER 9. Balancing Economic and Sovereignty Interests -- CHAPTER 10. Modelling NAFTA Tax Competition -- CHAPTER 11. Recommendations -- CHAPTER 12. Conclusion -- Notes -- Select Bibliography -- Index