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18 Hous. Bus. & Tax L.J. 150 (2018)
International Taxation 101: The Revenue Proposals That Will Keep the Status Quo and a Formulary Approach That Won't

handle is hein.journals/houbtalj18 and id is 156 raw text is: INTERNATIONAL TAXATION 101: THE REVENUE PROPOSALS THAT WILL KEEP THE STATUS QUO AND A FORMULARY APPROACH THAT WON'T Robert C. GoodwillJr* & Dr. Janie Whiteaker-Poe** I. HISTORY OF THE U.S. INTERNATIONAL TAXATION SYSTEM .................... 152 II. OVERVIEW OF INTERNATIONAL TAXATION REGIMES ............................... 153 A. Basics of Territorial Tax System ....................................................... 156 B. Basics of U.S. Worldwide Tax System ............................................. 156 III. INTRODUCTION TO AUTHORITATIVE GUIDANCE AND KEY MECHANIMS OF THE U.S. INTERNATIONAL TAX REGIME ...................................................... 157 A. Section 952-964 of The Code (Subpart F) .................................... 157 B. Deferral and Repatriation ................................................................... 158 C. Perm anent Establishm ent ................................................................... 159 IV . CONSTITUENCY FRAM EW ORK ....................................................................... 164 A. United States Taxpayer ......................................................................... 165 B. United States Governm ent ................................................................... 165 C. U.S. Multinational Corporations ....................................................... 165 D. A cadem ics and Experts ......................................................................... 165 V. THE PERCEIVED PROBLEM: TAX AVOIDANCE AND TAX BASE EROSION 166 A. Profit Shifting and Tax Base Erosion .............................................. 166 i. Explanation of Dharmapala's Model ................................... 168 ii. D harm ap ala's m odel: ................................................................. 168 iii. Explanation of Dharmapala's Model ................................... 169 B . Stateless Incom e ....................................................................................... 169 i. Double Irish Dutch Sandwich Comprehensive Example ............................................................................................................. 1 7 1 C. Corporate Inversions .............................................................................. 173 VI. CONGRESSIONAL SOLUTION: REASONING AND INTENT OF THE REVENUE P R O P O SA L S ....................................................................................................... 1 7 3 * Robert C. Goodwill Jr. is a 2018 doctoral candidate at The University of Houston Law Center and is a member of both the Houston Business and Tax Law Journal and the Interscholastic Mock Trial Team. Prior to joining UHLC's doctoral program, he obtained a Master of Accountancy and B.B.A. in accountancy from Baylor University in late 2014. To my family, thank you for your unwavering support and more importantly for the catharsis you provide through constant hilarity. To Reid S. Goodwill, may the day come where you discover airplanes are for flying. I give special thanks to the immensely talented future Dr. Liliana Espinoza for adding a shine to this paper that only she is capable of. For GR Goodwill, affectionally known as, Poppy, always. ** Dr. Janie Whiteaker-Poe is an assistant professor in the Hankamer School of Business at Baylor University. 150

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