<p>Tax Foundation Examines Territorial Tax Systems, U.S. Implications</p>

Tax Foundation Examines Territorial Tax Systems, U.S. Implications

Tax Foundation

A shift to a territorial tax system in the United States would be an improvement, but designing a territorial system would be complex and require balancing the three goals of exempting foreign business activity, protecting the domestic corporate tax base, and simplicity, the Tax Foundation said in a July overview of OECD territorial systems.

<p>A shift to a territorial tax system in the United States would be an improvement, but designing a territorial system would be complex and require balancing the three goals of exempting foreign business activity, protecting the domestic corporate tax base, and simplicity, the Tax Foundation said in a July overview of OECD territorial systems.</p>