The Resource Three knots or twelve? At what distance from shore do US waters become the international high seas for federal income tax purposes?

Three knots or twelve? At what distance from shore do US waters become the international high seas for federal income tax purposes?

Label
Three knots or twelve? At what distance from shore do US waters become the international high seas for federal income tax purposes?
Title
Three knots or twelve? At what distance from shore do US waters become the international high seas for federal income tax purposes?
Creator
Subject
Summary
This article discusses the defining of the United States territorial sea for federal income tax purposes in the Internal Revenue Code, in a President proclamation and in a 1996 IRS ruling extending the United States territorial sea from 3 to 12 nautical miles. Moreover, the author describes the custom's position and tax treaty implications. The author urges the IRS to issue definitive guidance to remove uncertainty surrounding the absence of a clear tax rule with respect to this issue
Citation source
In: Tax Management International Journal. - Washington DC. - Vol. 26 (1997),
http://library.link/vocab/creatorName
Pratt, Darren G
Language note
English
http://library.link/vocab/subjectName
  • territoriality principle
  • federal income tax
Label
Three knots or twelve? At what distance from shore do US waters become the international high seas for federal income tax purposes?
Instantiates
Publication
Abbreviated title
TMIJ
Label
Three knots or twelve? At what distance from shore do US waters become the international high seas for federal income tax purposes?
Publication
Abbreviated title
TMIJ

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