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 ?
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
Therefore, if a state attempts to tax foreign-source income of a non-U.
State tax matters for foreign corporations
Choosing a tax structure that allows foreign-source income to be deferred from U.
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.
Chairman Camp's proposal to bring the money home
GAO was asked to describe for a group of study countries with exemption systems: (1) the rules for exempting foreign-source income, and (2) the compliance risk and taxpayer compliance burden, such as recordkeeping, of the rules.
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
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
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
It is aimed at reducing double taxation on foreign-source income, but provides additional savings when the tax rate abroad is lower than in Ireland.
EC chief KO's tax breaks
The US rules for the taxation of foreign-source income are unique in their breadth of reach and degree of complexity.
EU/US: BUSH ADMINISTRATION URGES REFORMS TO TAX SUBSIDIES

Financial browser ?
Full browser ?