International Tax Policy Forum and Georgetown University Law Center present:
Reform of International Tax: Canada, Japan, United Kingdom, and United States with a Keynote Address by Jason Furman (Deputy Director, National Economic Council)
With the recent adoption of territorial (dividend exemption) tax systems in the UK and Japan, the United States is now the only G-7 country that taxes active business income of foreign subsidiaries under a worldwide tax system. This conference brings together tax authorities and practitioners from Canada, Japan and the UK to discuss why these countries switched from worldwide to territorial tax systems and what the results have been. Issues in the design of a territorial tax system for the United States will be discussed by a panel of tax experts.