The Resource The practical effects of the Obama international tax proposals
The practical effects of the Obama international tax proposals
Resource Information
The item The practical effects of the Obama international tax proposals represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item The practical effects of the Obama international tax proposals represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- This article discusses the Obama administration's international tax proposals, focusing on the following administration proposals representing a change in tax policy, not an end to tax abuse: (1) the repeal of the check-the-box regulations (with an extension for one year of the look-through rule in section 954(c)(6)); (2) the reallocation and deferral of U.S.-source deductions until foreign-source income is repatriated; and (3) the aggregation of foreign tax credit (FTC) pools into one blended rate for purposes of the section 902 deemed-paid FTC. This article also discusses several proposals that are targeted at stopping perceived inequality in the tax system: (4) FTC matching with income recognition; (5) the repatriation of earnings via foreign tax-free reorganizations; (6) earnings stripping limitations on expatriated companies; and (7) the imposition of withholding tax on equity swaps. These proposals are aimed at reversing tax results that arise from the application of current tax law, and there may be policy reasons that justify these proposals
- Language
- eng
- Label
- The practical effects of the Obama international tax proposals
- Title
- The practical effects of the Obama international tax proposals
- Language
- eng
- Summary
- This article discusses the Obama administration's international tax proposals, focusing on the following administration proposals representing a change in tax policy, not an end to tax abuse: (1) the repeal of the check-the-box regulations (with an extension for one year of the look-through rule in section 954(c)(6)); (2) the reallocation and deferral of U.S.-source deductions until foreign-source income is repatriated; and (3) the aggregation of foreign tax credit (FTC) pools into one blended rate for purposes of the section 902 deemed-paid FTC. This article also discusses several proposals that are targeted at stopping perceived inequality in the tax system: (4) FTC matching with income recognition; (5) the repatriation of earnings via foreign tax-free reorganizations; (6) earnings stripping limitations on expatriated companies; and (7) the imposition of withholding tax on equity swaps. These proposals are aimed at reversing tax results that arise from the application of current tax law, and there may be policy reasons that justify these proposals
- Citation source
- In: Tax notes international. - Falls Church. - Vol. 55 (2009),
- http://library.link/vocab/creatorName
-
- Reardon, J
- Ohrn, J
- Geographic coverage
- North America
- Language note
- English
- http://library.link/vocab/subjectName
-
- tax policy
- check-the-box regulations
- foreign tax credit
- repatriation
- earnings stripping
- Label
- The practical effects of the Obama international tax proposals
- Label
- The practical effects of the Obama international tax proposals
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/The-practical-effects-of-the-Obama-international/bLXP9fygZ1M/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/The-practical-effects-of-the-Obama-international/bLXP9fygZ1M/">The practical effects of the Obama international tax proposals</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/The-practical-effects-of-the-Obama-international/bLXP9fygZ1M/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/The-practical-effects-of-the-Obama-international/bLXP9fygZ1M/">The practical effects of the Obama international tax proposals</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
