Problem
1. Countries are to follow the origin principle regarding border tax adjustments for corporate income taxes paid. How does this principle affect the competitiveness of the goods that country produces compared to a situation where the destination principle is applied?
2. If all European countries agree to levy an identical tax on the income earned by foreign capital, what are the consequences of the policy likely to be?
3. Why has competition among countries over the taxation of corporate income increased in the past 20 years? Which countries are less likely to engage in competitive tax reductions?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.