TITLE

International Taxation Issues Still Problematic

AUTHOR(S)
Prysock, Mark
PUB. DATE
September 2002
SOURCE
Financial Executive;Sep2002, Vol. 18 Issue 6, p75
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article reports on the international tax provisions in the U.S. Although the U.S. taxes corporations and individuals on income made outside the country, there is two methods for avoiding double taxation. The first is a limited deferral of the U.S. taxation of active income earned abroad until it is paid to the U.S. parent company, and the second method is foreign tax credits for income tax paid to a foreign country to offset, at least partially, the U.S. tax on the same foreign income. However, the complicated tax policy has hindered U.S. multinationals but efforts to rectify this have run afoul of the World Trade Organization.
ACCESSION #
11873046

 

Related Articles

  • CCAB welcomes EEC tax harmonisation.  // Accountancy;Apr1976, Vol. 87 Issue 992, p4 

    This article reports that the Consultative Committee of Accountancy Bodies (CCAB) has welcome in principle the proposal for the harmonization of systems of company taxation. The draft is under examination by the European Economic Commission's Economic and Social Committee and the European...

  • Nuevo régimen de exención en la compraventa de sociedades en la normativa del Impuesto sobre Sociedades foral vasco. Acordarrementería, Iratxe Celaya // Revista Española de Capital Riesgo;2014, Issue 1, p57 

    This article analyses the tax modifications recently approved in the three provinces of the Basque Country (Álava, Bizkaia and Gipuzkoa). The reform introduces for the first time in Spain the participation exemption regime on Corporate Income Tax from capital gains obtained in the transfer of...

  • Progress of Georgia Consolidated Return Regulation. Coalson Jr., John L.; Howie, Beth Anne // Venulex Legal Summaries;2002 Q4, p1 

    The article presents information on the elective consolidated income tax return regulation of Georgia. The state's Department of Revenue circulated an advance draft of the regulation on August 16, 2002. The draft is consistent with the original version in that taxpayers who are approved to file...

  • Top 10 tips on tax planning.  // British Baker;3/11/2011, Vol. 3 Issue 5, p19 

    The article offers tips on how to reduce corporate and personal tax burden.

  • Germany slashes company taxes.  // Accountancy;Apr2005, Vol. 135 Issue 1340, p107 

    Reports on the efforts being done by the German Government to cut corporate taxes in 2005. Companies that have announced plans to cut jobs.

  • The American Jobs Creation Act of 2004. Hartman, Mitchell // Oregon Business Magazine;Feb2005, Vol. 28 Issue 2, p43 

    Discusses the American Jobs Creation Act of 2004 legislation in the United States and its implications for American corporations' tax planning in Oregon. Nine percent federal income tax deduction; 5.25 percent effective tax rate on foreign earnings that American companies repatriate;...

  • A Rich Man's Tax Program. Gass, Oscar // New Republic;10/16/44, Vol. 111 Issue 16, p481 

    Discusses the Committee for Economic Development's (CED) tax program in the U.S. Need to maintain federal expenditures of between $16 and $18 billion per year, excluding social security payments or retirement of debt; Contributions of citizens to monetarily support the federal government;...

  • Reducing immediate taxes leaves the funds in your "jeans". Bissonette, Laurie // Northern Ontario Business;Mar2012, Vol. 32 Issue 5, p5 

    The article offers the author's insights regarding the importance of controlling and reducing corporate and personal income taxes.

  • THE CORPORATE INCOME TAX: ECONOMIC ISSUES AND POLICY OPTIONS. Gravelle, Jane G. // National Tax Journal;Jun95, Vol. 48 Issue 2, p267 

    The article discusses on the corporate income tax in the U.S. It has been noted that corporate tax's is declining as a share of federal revenues where U.S. still relies, although less heavily in the past. The corporate tax's decline is due to both the growth of other revenue sources and the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics