U.S. Taxation of Overseas Investment and Income : Background and Issues in 2004.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Banks and banking.

Financial disclosure.

Income tax.

Physical Description:

1 online resource (29 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2004.

System Details:

text file

Summary:

Examines issues relating to taxation of foreign investments and income of U.S. individuals and corporations. Assesses status of U.S. in the world economy, explains the general framework for taxation of foreign income, and reviews the policy of allowing deferred payment of foreign-source income under certain circumstances. Discusses the foreign tax credit and domestic investment incentives, offers perspectives on various tax policy issues, and describes current and recent proposals regarding taxation of foreign investments. Outlines other relevant issues, including tax competition and tax havens, and IRS information reporting regulations for foreigners' bank interest.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Nov. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. U.S. Taxation of Overseas Investment and Income

Access Restriction:

Restricted for use by site license.