Lost in translation : contextual considerations in evaluating the relevance of US experience for the European Commission's company taxation proposals

Evaluates the implications of the contextual differences between the US and EU experience with respect to the four issues that must be addressed in any effort to devise a consolidated base taxation (CTB) and formulary apportionment (FA) regime: the determination of the tax base, the definition of the group whose income is to be consolidated, the formula used to apportion income among the (participating) member states, and the administrative issues.