Book contents
- Frontmatter
- Contents
- List of Illustrations
- List of Tables
- List of Contributors
- List of Common Abbreviations
- Introduction
- CHAPTER 1 FOUNDATIONS OF CRITICAL TAX THEORY
- CHAPTER 2 HISTORICAL PERSPECTIVES ON TAXATION
- CHAPTER 3 THE GOALS OF TAX POLICY
- CHAPTER 4 CRITICAL TAX THEORY MEETS PRACTICE
- CHAPTER 5 RACE AND TAXATION
- CHAPTER 6 GENDER AND TAXATION
- CHAPTER 7 SEXUAL ORIENTATION AND TAXATION
- CHAPTER 8 THE FAMILY AND TAXATION
- CHAPTER 9 CLASS AND TAXATION
- CHAPTER 10 DISABILITY AND TAXATION
- CHAPTER 11 GLOBAL CRITICAL PERSPECTIVES ON TAXATION
- Toward a Global Critical Feminist Vision: Domestic Work and the Nanny Tax Debate
- The Taxation of Undocumented Immigrants: Separate, Unequal, and Without Representation
- Prying Open the Closet Door: The Defense of Marriage Act and Tax Treaties
- Missing Africa: Should U.S. International Tax Rules Accommodate Investment in Developing Countries?
- Global Trajectories of Tax Reform: The Discourse of Tax Reform in Developing and Transition Countries
- CHAPTER 12 CRITICAL PERSPECTIVES ON CRITICAL TAX THEORY
- Index
Missing Africa: Should U.S. International Tax Rules Accommodate Investment in Developing Countries?
Published online by Cambridge University Press: 04 August 2010
- Frontmatter
- Contents
- List of Illustrations
- List of Tables
- List of Contributors
- List of Common Abbreviations
- Introduction
- CHAPTER 1 FOUNDATIONS OF CRITICAL TAX THEORY
- CHAPTER 2 HISTORICAL PERSPECTIVES ON TAXATION
- CHAPTER 3 THE GOALS OF TAX POLICY
- CHAPTER 4 CRITICAL TAX THEORY MEETS PRACTICE
- CHAPTER 5 RACE AND TAXATION
- CHAPTER 6 GENDER AND TAXATION
- CHAPTER 7 SEXUAL ORIENTATION AND TAXATION
- CHAPTER 8 THE FAMILY AND TAXATION
- CHAPTER 9 CLASS AND TAXATION
- CHAPTER 10 DISABILITY AND TAXATION
- CHAPTER 11 GLOBAL CRITICAL PERSPECTIVES ON TAXATION
- Toward a Global Critical Feminist Vision: Domestic Work and the Nanny Tax Debate
- The Taxation of Undocumented Immigrants: Separate, Unequal, and Without Representation
- Prying Open the Closet Door: The Defense of Marriage Act and Tax Treaties
- Missing Africa: Should U.S. International Tax Rules Accommodate Investment in Developing Countries?
- Global Trajectories of Tax Reform: The Discourse of Tax Reform in Developing and Transition Countries
- CHAPTER 12 CRITICAL PERSPECTIVES ON CRITICAL TAX THEORY
- Index
Summary
THE CASE FOR AND AGAINST USE OF AN EXEMPTION SYSTEM TO INCREASE INVESTMENT IN AFRICA
Just as the case for invigorating trade and other relations with Africa may not be readily apparent to some, the case for revising those features of the U.S. tax system that disfavor investment in the sub-Saharan world is not intuitive. Although European countries, Mexico, Canada, Japan, and some developing nations, such as China, India, and Venezuela, have commanded partnerships with the United States, African nations have not. A continent of vast natural resources and a considerable labor force, Africa is nonetheless “one of the last regions … to enter the global economy.”
The African continent contains a total population of about 778,000,000. Sub-Saharan Africa includes two-thirds of that total, or 642,800,000, among forty-four countries. To date, the situation of much of Africa in the new economy has been that of aid recipient, region of civil and inter-nation strife, location of catastrophic natural disasters, scene of devastating illness, and situs of relentless poverty and shortened life expectancy. Implicit in President Clinton's campaign to eliminate debt of some of the poorest African nations was an acknowledgment of the critical needs of a population for which annual per capita gross national product ranges from $110 to $4,120. Although the debt relief initiative seems well-intentioned, it may have minimal positive impact on the lives of residents of sub-Saharan Africa. Actual provision of relief has been tied to enumerated improvements in infrastructure, including education, health care, transportation, and economic reforms, which fewer than a handful of nations may achieve in the foreseeable future.
- Type
- Chapter
- Information
- Critical Tax TheoryAn Introduction, pp. 348 - 353Publisher: Cambridge University PressPrint publication year: 2009
- 3
- Cited by