The 4th Annual Tax Policy Colloquium at McGill Law continues tomorrow with a presentation by Professor Clifton J. Fleming on the topic of the proper taxation of multinationals. The paper, coauthored by Prof. Fleming and Prof. Robert Peroni, is not yet available online but it is entitled Formulary Apportionment in the U.S. International Income Tax System: Putting Lipstick on a Pig? and in it the authors argue that formulary apportionment and the current standard, arm's length transfer pricing, are just two shades of lipstick on the pig that is the US international tax system, with its twin features of deferral and cross-crediting. They conclude that formulary apportionment might be the less offensive shade, but in effect the whole discussion is a diversion from a broad reform that is sorely needed on the pig itself.
The McGill Tax Policy Colloquium features distinguished visiting academics and offers a forum for students, professors, and local practitioners to discuss issues of tax policy and theory, along with related issues of economics and social justice. Professor Fleming's talk is scheduled to commence at 2:30 pm tomorrow; members of the public are warmly welcomed.
Location: McGill Faculty of Law, 3644 Peel Street, New Chancellor Day Hall, Room 203.
Time: Monday, 30 September, 14:30–16:30.