The Resource Territoriality in search of principles and revenue : Camp and Enzi

Territoriality in search of principles and revenue : Camp and Enzi

Label
Territoriality in search of principles and revenue : Camp and Enzi
Title
Territoriality in search of principles and revenue : Camp and Enzi
Creator
Subject
Language
eng
Summary
In October 2011 House Ways and Means Committee Chair Dave Camp published a discussion draft proposal to shift the United States from its current system of deferring U.S. taxation of active foreign income earned through a foreign corporation to substantially exempt that income from U.S. tax. In February 2012 Senate Finance Committee member Michael B. Enzi released a more limited exemption proposal as S. 2091. Publication of these proposals moves the discussion of an exemption or territorial system from broad descriptions of design features to legislative language for specific provisions.This special report discusses structural elements of the proposals, including shareholder exemption, anti-base-erosion limits on exemption, gain and loss on sale of CFC stock, foreign branches and 10/50 corporations, foreign tax credit changes, and expenses
Citation source
In: Tax notes international. - Falls Church. - Vol. 72 (2013),
http://library.link/vocab/creatorName
  • Shay, S.E
  • Fleming, J.C. (Jr.)
  • Peroni, R.J
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • territoriality principle
  • exemption method
  • foreign source income
  • base erosion
  • CFC
  • branch
  • foreign tax credit
Label
Territoriality in search of principles and revenue : Camp and Enzi
Instantiates
Publication
Label
Territoriality in search of principles and revenue : Camp and Enzi
Publication

Library Locations

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      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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