International Taxation

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

ISBN: 9780314212023 | 0314212027
Cover: Paperback
Copyright: 1/1/1997

Rent

(Recommended)

$13.66

Term

Due

Price

Semester

Dec 13

$14.38

Quarter

Aug 16

$13.66

Short Term

Jul 4

$12.94

*This item is part of an exclusive publisher rental program and requires an additional convenience fee. This fee will be reflected in the shopping cart.
Buy New

Usually Ships in 3-5 Business Days

$19.65

Basic U.S. Jurisdictional Tax Principles: U.S. Activities of Foreign Taxpayers; Taxing Rules; Source Rules; Role of Income Tax Treaties; Introduction to U.S. Business Activity in Foreign Countries; Foreign Tax Credit; Intercompany Pricing; Controlled Foreign Corporations and Related Provision; Foreign Currency; International Tax-Free Transaction; Special Incentives and Disincentives; Foreign Sales Corporations; International Boycott and Foreign Bribery Provision; United States Transfer Tax Provisions: Estate and Gift Taxation for Resident and Nonresident Aliens.

PREFACE

(16)

TABLE OF CASES

XXI

(4)

TABLE OF INTERNAL REVENUE CODE SECTIONS

XXV

(15)

TABLE OF TREASURY REGULATIONS AND REVENUE RULINGS

XLIX

PART 1. OVERVIEW OF FUNDAMENTAL CONCEPTS

(26)

Chapter 1. Introduction

(10)

1.01 Growth of International Trade

(1)

1.02 Economics of International Trade

(1)

1.03 The Central Problem of International Taxation

(1)

1.04 Economics of Juridical Double Taxation

(3)

1.05 Overview of Worldwide International Tax Systems

(5)

Chapter 2. Basic U.s. Juridictional Tax Principles

(16)

2.01 Introduction to U.S. Taxing Provisions

(1)

2.02 Outbound Transactions

(2)

2.03 Inbound Transactions

(5)

(a) Individuals

(3)

(b) Corporations

(1)

2.04 Citizenship and Residency

(5)

(a) Individuals

(3)

(b) Corporations

(2)

2.05 Expatriates

(2)

2.06 Introduction to U.S. Income Tax Treaties

(2)

PART II. U.S. ACTIVITIES OF FOREIGN TAXPAYERS

(305)

Chapter 3. Taxing Rules

(47)

3.01 Overview

(1)

3.02 "Engaged in a Trade or Business" in the United States

(4)

3.03 "Effectively Connected" Income

(6)

(a) U.S. Source Income

(1)

(b) Foreign Source Income

(3)

(1)

(d) Effectively Connected Income Election

(1)

3.04 Nonbusiness Income From U.S. Sources

(10)

(a) Interest

(6)

(1) Original Issue Discount

(1)

(2) Portfolio Interest

(4)

(3) Bank Deposists

(1)

(b) Dividends

(1)

(d) Income From Services

(1)

(e) Social Security Benefits

(1)

(f) Other FDAP Income

(1)

(g) Capital Gains

(1)

3.05 The Brranch Profits Tax

(6)

(a) The Branch Profits Tax on Branch Earnings

(4)

(b) The Branch Profits Tax on Interest

(1)

3.06 Foriegn Investment in U.S. Real Property

(6)

(a) Operational Income

(2)

(b) Dispositional Income

(1)

3.07 Transportation Income

(1)

3.08 Taxation of Foreign Governments

(2)

3.09 Filing, Witholding, and Reporting Requirements

(11)

(a) Filing Requirements

(2)

(b) Sailing Permits

(1)

(d) Witholding on Dividends, Interest, and Other Periodic Payments

(4)

(e) FIRPTA Witholding

(2)

(f) Witholding for Paartnerships

(1)

(g) Information Reporting

(1)

158

(1)

(d) Specific Economic Benefit

158

(3)

(e) Taxes in Lieu of an Income Tax

161

(1)

7.04 Computing the Direct Credit

162

(1)

7.05 Computing the Indirect Credit

163

(8)

(a) Overview

163

(1)

(b) Minimum Ownership Requirements

164

(2)

166

(5)

7.06 Limitations on the foreign Tax Credit

171

(23)

(a) Overview

171

(4)

(b) Separate "Baskets"

175

(13)

(1) Passive Income Basket

178

(2)

(2) High Withholding Tax Interest Basket

180

(3)

(3) Noncontrolled Section 902 Dividend Basket

183

(3)

(4) Look-Through Rules

186

(2)

188

(3)

(d) Treatment of U.S. Losses

191

(1)

(e) Tax Credit Source Rules

192

(2)

7.07 Effect of Treaties on the Foreign Tax Credit

194

(2)

Chapter 8. Intercompany Pricing

196

(53)

8.01 Overview

196

(3)

8.02 Application of I.R.C. 482 in General

199

(4)

8.03 Application of I.R.C. 482 to Specific Transactions

203

(24)

(a) Sales

204

(10)

(1) Comparable Uncontrolled Price Method

206

(3)

(2) Resale Price Method

209

(1)

(3) Cost Plus Method

210

(1)

(4) Comparable Profits Method

211

(1)

(5) Profit Split Method

211

(1)

(6) Other Methods

211

(3)

(b) Services

214

(2)

216

(1)

(d) Licenses of Intangible Property

216

(10)

(1) The Comparable Uncontrolled Transaction Method

217

(2)

(2) Comparable Profit Method

219

(2)

(3) Profit Split Method

219

(1)

(4) Other Methods

219

(1)

(5) Periodic Adjustments

219

(2)

(6) Identification of the Developer

221

(1)

(7) Cost Sharing Agreements

222

(3)

(8) "Round Trip" Transactions

225

(1)

(e) Loans

226

(1)

8.04 Comparable Profits Method

227

(4)

(a) Methodology

227

(1)

(b) Examples

228

(3)

8.05 Profit Split

231

(4)

8.06 The Interplay of I.R.C. 482 and Foreign Law

235

(3)

8.07 Other I.R.C. 482 Adjustments

238

(2)

8.08 Accuracy-Related Penalty

240

(1)

8.09 I.R.C. 482 and the Foreign Tax Credit

241

(1)

8.10 I.R.C. 482 and U.S. Income Tax Treaties

242

(1)

8.11 Advance Pricing Agreements

243

(2)

8.12 Reporting Requirements for Related Taxpayers

245

(4)

Chapter 9. Controlled Foreign Corporations and Related Provisions

249

(36)

9.01 Overview

249

(1)

9.02 Definitions: Controlled Foreign Corporation and United States Shareholder

250

(3)

9.03 Income Taxable to Shareholders

253

(18)

(a) Subpart F Income

254

(14)

(1) Foreign Personal Holding Company Income

255

(3)

(2) Foreign Base Company Sales Income

258

(5)

(3) Foreign Base Company Services Income

263

(2)

(4) Other Foreign Base Company Income

265

(1)

(5) Allocation of Deductions

265

(1)

(6) Relief Provisions

266

(1)

(7) Insurance Income

267

(1)

(b) Increase in Earnings Invested in U.S. Property

268

(3)

9.04 Adjustments to Stock Basis

271

(1)

9.05 Foreign Tax Credit

272

(2)

9.06 Related Provisions

274

(11)

(a) Gains From the Sale of Certain Stock

275

(2)

(b) Accumulated Earnings Tax Provisions

277

(1)

278

(1)

(d) Passive Foreign Investment Company Provisions

279

(3)

(e) Passive Foreign Corporations

282

(3)

Chapter 10. Foreign Currency

285

(24)

10.01 Overview

285

(5)

10.02 Functional Currency

290

(3)

10.03 Foreign Currency Transactions

293

(10)

(a) Acquisition and Disposition of Foreign Currency

294

(1)

(b) Lending and Borrowing Foreign Currency

295

(2)

297

(1)

(d) Accounts Receivable and Payable

298

(2)

(e) Foreward, Futures and Option Contracts

300

(1)

(f) Hedging

301

(2)

10.04 Foreign Currency Translation

303

(4)

(a) Foreign Branches

303

(3)

(b) Foreign Corporations

306

(1)

10.05 Treatment of Individuals

307

(2)

Chapter 11. International Tax-Free Transactions

309

(23)

11.01 Overview

309

(4)

11.02 Outbound Transactions

313

(12)

(a) General Rule

313

(1)

(b) The Active Trade or Business Exception

314

(3)

317

(2)

(d) Treatment of Liquidating Corporation

319

(1)

(e) Intangible Assets

319

(4)

(f) Branch Loss Recapture Rule

323

(1)

(g) Contributions to Capital and Transfers to Estates, Trusts and Pertnerships

324

(1)

11.03 Non-Outbound Transactions

325

(7)

PART IV. SPECIAL INCENTIVES AND DISINCENTIVES

332

(31)

Chapter 12. Foreign Sales Corporations

332

(17)

12.01 Overview

332

(2)

12.02 FSC Qualification

334

(2)

12.03 Foreign Presence

336

(4)

(a) Export-Related Income

336

(1)

(b) Foreign Management

337

(1)

338

(2)

12.04 Taxation of FSC

340

(6)

12.05 Special Rules for Small Corporations

346

(3)

Chapter 13. International Boycott and Foreign Bribery Provisions

349

(14)

13.01 Overview of International Boycott Provisions

349

(2)

13.02 Boycott Participation

351

(2)

13.03 Examples of Penalized Conduct

353

(3)

(a) Discriminatory Refusals to do Business

353

(2)

(b) Discriminatory Hiring Practices

355

(1)

355

(1)

13.04 Tax Effect of Boycott Participation

356

(4)

13.05 Foreign Bribery Provisions

360

(3)

PART V. UNITED STATES TRANSFER TAX PROVISIONS

363

(20)

Chapter 14. Estate and Gift Taxation for Resident and Nonresident Aliens

363

(20)

14.01 The U.S. Estate Tax

363

(11)

(a) Residency for Estate, Gift and Generation-Skipping Tax Purposes

364

(3)

(b) Gross Estate

367

(3)

(1) U.S. Real Property

367

(1)

(2) Tangible Personal Property

367

(1)

(3) Intangible Personal Property

368

(2)

(i) Shares of Stocks in a Corporation

368

(1)

(ii) Interests in a Partnership and Trust

368

(1)

(iii) Debt Obligations

369

(1)

(iv) Insurance Policies, Annuties and Choses in Action

369

(1)

(4) Certain Lifetime Transfers

370

(1)

370

(2)

(d) Computation of Estate Tax

372

(1)

(e) Credits Subtracted to Determine Tax Due

373

(1)

14.02 The U.S. Gift Tax

374

(3)

(a) Taxable Transfers

374

(1)

(b) Exclusions From Gift Tax

375

(1)

376

(1)

14.03 The U.S. Generation-Skipping Transfer Tax

377

(2)

(a) Generation-Skipping Transfers

377

(1)

(b) Exemptions and Deductions

378

(1)

379

(1)

(d) Credits Subtracted to Determine Tax Due

379

(1)

14.04 U.S. Estate, Gift, and Generation-Skipping Transfer tax Treaties

379

(4)

INDEX

383

Chapter 4. Source Rules

(31)

4.01 The Income Source Rules

(18)

(a) Interest

(2)

(1) Domestic Payor

(1)

(2) Foreign Payor

(1)

(b) Dividends

(1)

(1) Domestic Payor

(1)

(2) Foreign Payor

(1)

(3)

(d) Rentals and Royalties

(1)

(e) Real Property

(1)

(f) Personal Property

(7)

(1) Purchased Inventory

(2)

(2) Produced Personal Property

(2)

(3) Intangible Property

(1)

(4) Depreciable Personal Property

(1)

(5) Other Personal Property

(1)

(6) Sales Through Offices or Fixed Places of Businesses in the United States

(1)

(g) Other gross income

(2)

(h) Residence for Source Rule Purposes

(1)

4.02 Deduction Allocation Rules

(13)

(a) In General

(5)

(b) Interest

(4)

101

(4)

Chapter 5. The Role of Income Tax Treaties

105

(33)

5.01 The Bilateral Income Tax Treaty Network

105

(2)

5.02 The Treaty-Making Process in the United States

107

(1)

5.03 The Relationship of Income Tax Treaties and the Code

107

(2)

5.04 Development of Model Income Tax Treaties

109

(2)

5.05 Income Tax Treaty Provisions

111

(25)

(a) Interpretation of U.S. Income Tax Treaties

111

(1)

(b) Scope of the Treaty

112

(2)

114

(1)

(d) Classification and Assignment Rules

115

(11)

(1) Business Income

115

(6)

(2) Personal Services Income

121

(2)

(3) Investment Income

123

(3)

(4) Other Income

126

(1)

(e) Avoidance of Double Taxation

126

(1)

(f) Limitation on Benefits

127

(3)

(g) Nondiscrimination

130

(2)

(h) Mutual Agreement Procedure

132

(2)

(i) Exchange of Information and Administrative Assistance

134

(2)

5.06 Tax Sparing

136

(2)

Chapter 6. Introduction to U.s. Business Activity in Foreign Countries

138

(7)

6.01 Introduction

138

(2)

6.02 Citizens and Residents of the United States Living Abroad

140

(5)

(a) Introduction

140

(1)

(b) Foreign Income Exclusion

141

(2)

143

(2)

Chapter 7. The Foreign Tax Credit

145

(51)

7.01 Overview

145

(7)

(a) Relieving Double Taxation

145

(5)

(b) The Statutory Framework

150

(2)

7.02 Eligibility

152

(1)

7.03 Creditable Taxes

153

(9)

(a) Definition of an Income Tax

153

(4)

(b) Rebated Taxes and Subsidies

157

(1)

Please wait while the item is added to your bag...

FREE SHIPPING

Amazon no longer offers textbook rentals. We do!

International Taxation

Summary

Table of Contents

Supplemental Materials