Deduction for FDII
Resource Information
The work Deduction for FDII represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.
The Resource
Deduction for FDII
Resource Information
The work Deduction for FDII represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.
- Label
- Deduction for FDII
- Language
- eng
- Summary
- The Tax Act added Code Sec. 250 which provides a lower tax rate for income derived from outside the United States by a domestic corporation. The amount of foreign income less a routine return on depreciable tangible property is described as foreign-derived intangible income (FDII) and is subject to an effective tax rate of 13.125% (rather than 21%). The lower tax rate is provided via a deduction of 37.5% of FDII. The U.S. tax on foreign source income that qualifies for the FDII deduction can be reduced with foreign tax credits. FDII provides an important benefit to domestic corporations that sell property to foreign customers, provide services to foreign customers, or license intangible property to foreign parties. The transactions can be with related foreign persons subject to certain limitations. Arrangements involving domestic intermediaries may need to be restructured to obtain FDII benefits
- Citation source
- In: International tax journal. - Riverwoods. - Vol. 44 (2018), no. 2 (March-April) ; p. 3-4, 52
- Geographic coverage
- North America
- Language note
- English
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Context of Deduction for FDIIWork of
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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/resource/FZB5PxEA51g/" typeof="CreativeWork http://bibfra.me/vocab/lite/Work"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/resource/FZB5PxEA51g/">Deduction for FDII</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/resource/FZB5PxEA51g/" typeof="CreativeWork http://bibfra.me/vocab/lite/Work"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/resource/FZB5PxEA51g/">Deduction for FDII</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>
