TITLE

A Note From the Editor-in-Chief

AUTHOR(S)
Lowell D. Yoder
PUB. DATE
September 2010
SOURCE
International Tax Journal;Sep2010, Vol. 36 Issue 5, p3
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the modification in the hopscotch rule made by legislation, limiting the amount of foreign tax credits under the subpart F in the U.S. It states that the U.S. shareholders of a controlled foreign corporation (CFC) are required to include the shares of the subpart F income resulting from investments in U.S. property in their gross incomes. It informs that the new rule would be effective for investments in the U.S. property that are made after May 20, 2010.
ACCESSION #
53697820

 

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