A Note From the Editor-in-Chief

Yoder, Lowell D.
June 2011
International Tax Journal;Jun2011, Vol. 37 Issue 3, p3
Academic Journal
The article focuses on the amendments of U.S. President Barack Obama administration to the international tax rules for the fiscal year (FY) 2012 budget. It states that the new category of subpart F which will require a U.S. person to transfer an intangible from the U.S. to a related controlled foreign corporation (CFC) is proposed. Moreover, it contains a proposal on foreign tax credit which will require a U.S. taxpayer to estimate the deemed paid foreign tax credits on a consolidated basis.


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