The Resource How to lose a foreign tax credit, part II : transactions involving CFC stock of U.S. shareholders
How to lose a foreign tax credit, part II : transactions involving CFC stock of U.S. shareholders
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The item How to lose a foreign tax credit, part II : transactions involving CFC stock of U.S. shareholders 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 How to lose a foreign tax credit, part II : transactions involving CFC stock of U.S. shareholders 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
- When foreign taxes are imposed on transactions involving controlled foreign corporations (CFCs), there are a variety of ways a U.S. taxpayer may "lose" a foreign tax credit it may have expected to be available. The risk of losing a foreign tax credit is particularly great when foreign taxes are imposed on transactions involving a CFC that result in income recognition for foreign law purposes where there is no analogous U.S. recognition event in the same year. Part I of this series of articles considered the potential to lose foreign tax credits in fact patterns involving foreign taxes imposed on transactions of a CFC that are disregarded for U.S. federal income tax purposes. This Part II considers cases where foreign tax is imposed on regarded transactions involving distributions from CFCs, and or dispositions of CFC stock, owned directly by a U.S. taxpayer
- Language
- eng
- Label
- How to lose a foreign tax credit, part II : transactions involving CFC stock of U.S. shareholders
- Title
- How to lose a foreign tax credit, part II : transactions involving CFC stock of U.S. shareholders
- Language
- eng
- Summary
- When foreign taxes are imposed on transactions involving controlled foreign corporations (CFCs), there are a variety of ways a U.S. taxpayer may "lose" a foreign tax credit it may have expected to be available. The risk of losing a foreign tax credit is particularly great when foreign taxes are imposed on transactions involving a CFC that result in income recognition for foreign law purposes where there is no analogous U.S. recognition event in the same year. Part I of this series of articles considered the potential to lose foreign tax credits in fact patterns involving foreign taxes imposed on transactions of a CFC that are disregarded for U.S. federal income tax purposes. This Part II considers cases where foreign tax is imposed on regarded transactions involving distributions from CFCs, and or dispositions of CFC stock, owned directly by a U.S. taxpayer
- Citation source
- In: International tax journal. - Riverwoods. - Vol. 47 (2021), no. 4 (July-August) ; p. 47-51
- http://bibfra.me/vocab/lite/collectionName
- How to lose a foreign tax credit
- http://library.link/vocab/creatorName
- Jenn, B.H
- Geographic coverage
- North America
- Language note
- English
- http://library.link/vocab/subjectName
-
- foreign tax credit
- CFC
- shareholder
- Label
- How to lose a foreign tax credit, part II : transactions involving CFC stock of U.S. shareholders
- Label
- How to lose a foreign tax credit, part II : transactions involving CFC stock of U.S. shareholders
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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/How-to-lose-a-foreign-tax-credit-part-II-/yiAQJgqAIrk/" 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/How-to-lose-a-foreign-tax-credit-part-II-/yiAQJgqAIrk/">How to lose a foreign tax credit, part II : transactions involving CFC stock of U.S. shareholders</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="https://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
