TITLE

A Note From the Editor-in-Chief

AUTHOR(S)
Yoder, Lowell D.
PUB. DATE
June 2011
SOURCE
International Tax Journal;Jun2011, Vol. 37 Issue 3, p3
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
60952079

 

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