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Transition to Territoriality Without Plunder: A $725 Billion Tax

Calvin H. Johnson
May 4, 2017

In this article, Johnson argues that the expected present value of tax on foreign subsidiary income is $725 billion. If Congress moves to exemption for the future, it needs to collect $725 billion now on past earnings. Anything less than that would be plunder.

Full Citation

Calvin H. Johnson. “Transition to Territoriality Without Plunder: A $725 Billion Tax.” In 154 Tax Notes, Page 1135 (May 4, 2017). View online.