How to lose a foreign tax credit, part I : disregarded transactions of a CFC
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The work How to lose a foreign tax credit, part I : disregarded transactions of a CFC 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.
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How to lose a foreign tax credit, part I : disregarded transactions of a CFC
Resource Information
The work How to lose a foreign tax credit, part I : disregarded transactions of a CFC 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.
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- How to lose a foreign tax credit, part I : disregarded transactions of a CFC
- Language
- eng
- Summary
- The risk of losing a foreign tax credit is particularly great when foreign taxes are imposed on transactions of a controlled foreign corporation (CFC) that result in income recognition for foreign law purposes where there is no analogous U.S. recognition event in the same year. In this vein, this article focuses on fact patterns involving foreign taxes imposed on transactions of a CFC that are disregarded for U.S. federal income tax purposes. A forthcoming article will focus on foreign taxes imposed as a result of transactions of a CFC that are regarded for U.S. federal income tax purposes but are treated differently for U.S. and foreign purposes, for example, because a transaction is a nonrecognition transaction for U.S. purposes but is a taxable transaction for foreign purposes
- Citation source
- In: International tax journal. - Riverwoods. - Vol. 47 (2021), no. 2 (March-April) ; p. 31-36
- Geographic coverage
- North America
- Language note
- English
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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/QQTEdLy87dA/" 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/QQTEdLy87dA/">How to lose a foreign tax credit, part I : disregarded transactions of a CFC</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>
