The Resource US update

US update

Label
US update
Title
US update
Creator
Subject
Language
eng
Summary
This article examines recent significant developments regarding US tax and accounting as these relate to international taxation, including: mark-to-market valuation of securities; FBAR filing deadline for certain individuals with only signature authority over foreign financial accounts extended; treatment of certain triangular reorganizations involving foreign corporations; avoidance of income inclusion when a CFC acquires "United States property" in certain non-recognition transactions; certain information return filing requirements for interests in foreign financial assets and PFIC suspended; Financial Accounting Standard Board (FASB) to allow offsetting of derivatives; guidance for IRS examiners on codified economic substance doctrine and related penalties; "qualified foreign corporations": 15% individual income tax rate and application of treaty test; certain transfers or assignments of derivative contracts not "an exchange" for the non-assigning counterparty; certain swap contracts and similar arrangements excluded from treatment as "Section 1256 contracts" and definition of notional principal contract revised
Citation source
In: Bulletin for international taxation. - Amsterdam. - Vol. 65 (2011),
http://library.link/vocab/creatorName
Hammer, V
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • valuation
  • foreign bank
  • reorganization
  • CFC
  • economic substance
  • notional principal contract
Label
US update
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
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