INCENTIVE EFFECTS OF FOREIGN TAX CREDITS ON MULTINATIONAL CORPORATIONS
Related Articles
- International Trade & Title: Security & Tax Concerns--Part 2. Curatola, Anthony P.; Giermanski, Jim; McGhee, Mitch // Strategic Finance;Mar2004, Vol. 85 Issue 9, p17
The article focuses on international title transfers and tax liability. Tax jurisdiction and income source are determined by where the title of ownership is passed. Two scenarios describe situations of tax liability for foreign source income and foreign tax credit. The United Nations Convention...
- President's Economic Recovery Advisory Board: Suggested Considerations in Fundamental Reform of the United States Tax Treatment of Income from Cross Border Trade and Investment. Dilworth, Robert H. // Northwestern Journal of International Law & Business;Summer2010, Vol. 30 Issue 3, p551
The article offers recommendations on the tax reform methodology in the U.S. in response to the President's Economic Recovery Advisory Board (PERAB) of President Barack Obama. It suggests that the tax reform should not be carried out, should there be no thorough understanding of the problem of...
- International Provisions of the Jobs Creation Act. Biggart, Timothy B.; Harden, J. William; Livingstone, Jane R. // Strategic Finance;May2005, Vol. 86 Issue 11, p13
The article presents information on the American Jobs Creation Act of 2004 (AJCA). The Act is related to the U.S. taxation of international activities. The AJCA was signed into law on October 22, 2004. The AJCA amends the alternative minimum tax (AMT) rules to provide that the former limit,...
- Code Puts U.S. Firms At Competitive Disadvantage. Roth III, William F. // Grand Rapids Business Journal;11/29/2004, Vol. 22 Issue 49, p23
Discusses the disadvantage of the U.S. tax code for corporate earnings on U.S.-based companies. Tax rate for companies that repatriate foreign earnings back to their U.S. parent companies; Reason for the move of some U.S. business enterprises to migrate operations overseas; Tax advantage of...
- Cross-Border Business Combinations. Jackman, Patrick; Tretiak, Philip // International Tax Journal;Sep2010, Vol. 36 Issue 5, p5
The article focuses on the enactment of new Code Sec. 901(m) by the U.S. Education Jobs and Medicaid Assistance Act of 2010 for dealing with the foreign tax credit (FTC) for foreign income tax in connection with a covered asset acquisition. It discusses the transactions under the covered asset...
- OPTIMAL DECISION BETWEEN FOREIGN TAX CREDIT AND FOREIGN EARNED INCOME EXCLUSION. Yang, James G. S.; Jeffers, Agatha E. // International Journal of Business Research;2007, Vol. 7 Issue 1, p111
This paper explains that a U.S. citizen working abroad can choose either the foreign tax credit or the foreign earned income exclusion when calculating his U.S. income tax liability. By using the former, the foreign tax paid can be used as a credit against the U.S. tax to the extent of the U.S....
- Comparing the Foreign Earned Income Exclusion and the Foreign Tax Credit. Owsley, John; McKinley, John // CPA Journal;6/ 1/2014, Vol. 84 Issue 6, p42
The article offers a guide for tax advisors in the U.S. for assessing whether the Foreign Earned Income Exclusion (FEIE) or the Foreign Tax Credit (FTC) would yield greater tax savings for their clients. It explains that if a taxpayer has over 50,000 U.S. dollars from the active conduct of a...
- DESIGNING A U.S. EXEMPTION SYSTEM FOR FOREIGN INCOME WHEN THE TREASURY IS EMPTY. Fleming Jr., J. Clifton; Peroni, Robert J.; Shay, Stephen E. // Florida Tax Review;2012, Vol. 13 Issue 8, p397
The article reports the need of a territorial or exemption system in the U.S. under which foreign-source active business income earned by U.S. resident corporations would become substantially free of U.S. income tax. Topics discussed include the need of reform of the U.S. international tax...
- Corporate Foreign Tax Credit, 2007. Luttrell, Scott // Statistics of Income (SOI) Bulletin;Summer2011, Vol. 31 Issue 1, p138
The article focuses on corporate foreign tax credit in relation to tax system in the U.S. It reveals that 6,675 corporations claimed an overall foreign tax credit of 86.5 billion dollars against their U.S. income tax liability for tax year 2007. These corporations accounted income subject to...