Excerpt from Proposal Relating to Current U. S. Taxation of Certain Operations of Controlled Foreign Corporations (H. R. 2889, American Jobs and Manufacturing Preservation Act of 1991) And Related Issues: Scheduled for a Hearing Before the House Committee on Ways and Means on October 3, 1991
Under present law, foreign income that us. Taxpayers earn through controlled foreign corporations is not generally subject to us. Tax until that income is repatriated to the United States. That is, such income enjoys us. Tax deferral. Exceptions to deferral exist, but generally only for certain types of tax haven income and movable income. Manufacturing income, and income from some other types of business Operations, on the other hand, typically enjoy the benefits Of deferral. Hr. 2889 would expand present-law exceptions to deferral by imposing current us. Taxation on income of controlled foreign corporations from imports into the United States.
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Paperback. Condición: New. Print on Demand. This book discusses the current US taxation of controlled foreign corporations (CFCs). CFCs are foreign corporations that are controlled by US shareholders who own more than 50% of the corporation's stock. The author discusses the various anti-deferral regimes set forth in the Internal Revenue Code, which provide exceptions to the general rule deferring US tax on income earned indirectly through a foreign corporation. The book also discusses the foreign tax credit, which allows US taxpayers to reduce their US income tax by the amount of foreign income taxes they have paid. The book provides a comprehensive analysis of the complex rules governing the taxation of CFCs and offers insights into the policy issues surrounding the taxation of outbound investment. The book will be of interest to tax professionals, corporate counsel, and other practitioners who advise clients on international tax matters. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781334471780_0
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781334471780
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781334471780
Cantidad disponible: 15 disponibles