Tax Consolidation - A Global Perspective on Economic Unity

About the book:

Tax Consolidation: A Global Perspective on Economic Unity offers an in-depth exploration of the concept of tax consolidation, a regime that emphasizes the economic unity of large corporate groups operating under common control, despite having multiple entities with independent legal personalities. Instead of treating each entity separately, tax administrations view the corporate group as a single, unified entity for tax purposes, simplifying compliance and enhancing economic efficiency.

Spanning twenty-two comprehensive chapters, this book begins with an insightful overview that traces the historical evolution of tax consolidation and its global adoption. It delves into key aspects such as the criteria for entities to participate in a consolidation regime, tax implications during entry, operational phases, exit scenarios, and deconsolidation processes. The book navigates through the tax consolidation frameworks of various countries, highlighting how different jurisdictions implement and manage this regime.

A standout feature of this book is its jurisdiction-wise comparative analysis, presented with clear tabular breakdowns in the appendices, providing a quick reference tool for readers. This comparative approach enables a nuanced understanding of how tax consolidation varies globally, making it an essential guide for cross-border tax professionals.

Additionally, Tax Consolidation: A Global Perspective on Economic Unity explores critical policy issues that governments and regulatory bodies must consider before adopting a tax consolidation framework. It examines the economic, legal, and administrative impacts of such regimes, offering valuable insights for tax practitioners, corporate advisors, policymakers, economists, and academicians.

Whether you're a tax professional navigating complex corporate structures, a policymaker evaluating tax reforms, or an academic researching fiscal systems, this book serves as a comprehensive guide to the principles, practices, and global perspectives on tax consolidation.