The Resource US update
US update
Resource Information
The item US update 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 US update 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 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
- Language
- eng
- Label
- US update
- Title
- US update
- 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), no. 12 ; p. 674-683
- 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
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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/US-update/2Pzhy3qXbV0/" 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/US-update/2Pzhy3qXbV0/">US update</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/US-update/2Pzhy3qXbV0/" 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/US-update/2Pzhy3qXbV0/">US update</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>
