The Christian Science Monitor: A Solution to Burger King-Like Inversions
media mentionAll the fracas over tax inversions like the recent Burger King-Tim Horton’s merger has generated some interesting ideas for broader changes in the way we tax multinational firms. One would base a firm’s US taxable profits on the US share of its total worldwide sales.
…
Single sales factor apportionment is hardly new. In 2012, 18 states used such a system for their corporate income taxes, according to the Institute on Taxation and Economic Policy.