This detailed analysis prepared by PricewaterhouseCoopers for the Technology CEO Council documents a pronounced shift over the past 40 years toward use of territorial tax systems among the advanced economies that are members of the Organization for Economic Cooperation and Development (OECD.)
Just a decade ago, most of the world's largest companies were located in countries with worldwide tax systems. Today most of the competitors of US companies from OECD countries are headquartered in territorial tax countries. These companies account for the majority of the sales of the companies on the Forbes 500 list and the majority of outbound foreign direct investment in the OECD. Today, over 90 percent of the OECD-based companies on the Forbes 500 list with which US companies compete are headquartered in territorial tax countries.