The Resource The U.S. foreign sovereign tax exemption

The U.S. foreign sovereign tax exemption

Label
The U.S. foreign sovereign tax exemption
Title
The U.S. foreign sovereign tax exemption
Creator
Subject
Language
eng
Summary
This special report surveys the U.S. sovereign tax exemption with particular emphasis on practical points frequently encountered in investment and commercial transactions. The article provides a cursory review in Section I of the background important for an understanding of current law. Section II describes the governmental entities qualified to claim the exemption, and Section III discusses the income to which the exemption applies. Section IV examines the exclusion for income from commercial activity and the related denial of the exemption to any income received by or from controlled commercial entities. Having discussed the parameters of the sovereign exemption, the article concludes in Section V with a look at how the exemption affects typical portfolio and direct investments
Citation source
In: Tax notes international. - Falls Church. - Vol. 53 (2009),
http://library.link/vocab/creatorName
May, G
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • exemption
  • sovereign wealth fund
  • foreign investment
Label
The U.S. foreign sovereign tax exemption
Instantiates
Publication
Label
The U.S. foreign sovereign tax exemption
Publication

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