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What Can The Oecd Learn From The States?, Richard Pomp
What Can The Oecd Learn From The States?, Richard Pomp
Faculty Articles and Papers
In this article, Professor Pomp argues that the OECD should look to the American states for insight into taxing cross-jurisdictional corporations. In the early 20th century, the states had to respond to the challenge of taxing domestic interstate corporations. While these corporations posed no tax problem at the federal level, states had to respond to the reality of corporations shifting profits into neighboring tax havens. They needed a better alternative to federal transfer pricing and sourcing rules. In the 1930’s, some states began combining domestic related entities.
The growth of multinational corporations created new problems for both the states and …