Foreign-source income

Foreign-source income

Income earned from international operations.

Foreign-Source Income

Personal income earned outside the United States. Unlike many other countries, foreign-source income is taxable in the United States.
Mentioned in ?
References in periodicals archive ?
federal income tax otherwise imposed on such foreign-source income. To that end, the source-of-income rules of sections 861 through 865 determine the sources of gross income for U.S.
TEI Comments on Proposed Foreign Tax Credit Regulations
The finance minister in his speech has explained that such restriction had created difficulties for overseas or non-resident Pakistanis, as they were not required to file tax return for their foreign-source income but were restricted from buying property or motor vehicle in Pakistan.
Enabling non-filers to buy property, motor vehicles counterproductive for expanding of tax net: Audit firms
Therefore, persons eligible to file declaration under the Act may include, both Pakistan-source and foreign-source income, it added.
FBR includes offshore income in scope of tax amnesty scheme
Under both systems, US-source income of multinational corporations is meant to be taxed at the US rate applied to domestic corporate income, and foreign-source income of foreign-resident corporations is outside thejurisdiction of the US tax law.
Territorial Taxation: Choosing Among Imperfect Options
Additional Benefits That Justify Tax on Foreign-Source Income 2183 4.
Reinterpreting corporate inversions: Non-tax competitions and frictions
Choosing a tax structure that allows foreign-source income to be deferred from U.S.
Considerations on whether to check the box for foreign subsidiaries
tax liability imposed on foreign-source income, subject to certain limitations.
Tax planning for cross-border endorsement payments to professional U.S. athletes
The discussion draft would provide a 95 percent dividends-received deduction for dividends paid out of the foreign-source income. This deduction would apply to a controlled foreign corporation (CFC) of a U.S.
Chairman Camp's proposal to bring the money home
However, the study countries tax other types of foreign-source income such as royalties.
International Taxation: Study Countries That Exempt Foreign-Source Income Face Compliance Risks and Burdens Similar to Those in the United States
corporations computed a separate foreign tax credit for a defined group of statutory categories of foreign-source income or "baskets" (each of these is described separately in the Explanation of Selected Terms section).
Corporate foreign tax credit, 2003
resident selling personal property would generate U.S.-source income from the sale of personal property, and a nonresident would generate foreign-source income.
How SOX and C-TPAT: impact global supply chain security
When a firm is deficit credit, it pays tax at the rate [[tau].sub.US] regardless of the amount of FTCs applied to foreign-source income, so reducing allowable FTCs via interest allocation does not affect the current-year tax liability or tax incentives to use domestic debt.
2 Taxes and capital structure--international tax issues

Financial browser ?
Full browser ?