The Resource Taxation of income earned in international waters and airspace : taxation of income earned

Taxation of income earned in international waters and airspace : taxation of income earned

Label
Taxation of income earned in international waters and airspace : taxation of income earned
Title
Taxation of income earned in international waters and airspace : taxation of income earned
Creator
Subject
Language
eng
Summary
When companies place employees throughout the world, complications can arise when determining income tax since the U.S. taxes the worldwide income of its citizens, resulting in an American citizen working overseas being subject to tax in more than one jurisdiction. This article focuses on one particular controversial tax issue: whether income earned while flying in international airspace (e.g., wages and salaries of pilots and flight attendants) or income earned while sailing in international waters (e.g., wages and salaries of crew members) is subject to U.S. federal income tax. There have been federal court cases in recent years relating to this particular issue but the decisions have not always been consistent. There have also been controversies concerning whether income earned in international waters or space that has been determined to be taxable can receive foreign income exclusion treatment, and whether a taxpayer with dual citizenship can exclude income earned while working in a country other than the United States and in international airspace. This article examines court cases to illustrate the complexity of these tax issues
Citation source
In: Journal of international taxation. - New York. - Vol. 27 (2016), no. 8 ; p. 27-31, 61
http://library.link/vocab/creatorName
  • Fay, J
  • Shum, C
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • worldwide income
  • aircrew
  • shipping
  • space and ocean activities, income from
  • employment income
  • foreign earned income exclusion
Label
Taxation of income earned in international waters and airspace : taxation of income earned
Instantiates
Publication
Label
Taxation of income earned in international waters and airspace : taxation of income earned
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
Processing Feedback ...