Investing in US securities : an introduction to US withholding taxes, qualified intermediary and FATCA / Ton Daniels and Toine Gorissen.

Format:

Book

Author/Creator:

Daniels, Toni, author.

Gorissen, Toine, author.

Language:

English

Subjects (All):

Withholding tax--United States.

Withholding tax.

United States.

United States. Foreign Account Tax Compliance Act.

Physical Description:

1 online resource (253 pages)

Place of Publication:

Amsterdam, The Netherlands : IBFD, [2020]

Summary:

The sheer complexity of the framework that the United States has created to levy US withholding tax on income from US securities owned by foreigners makes it difficult to obtain insight into the key relevant items, the logic behind the framework and the decision points and consequences for the tax operations of a non-US financial institution. Yet, since the US stock market is nearly one half of the global market by market capitalization, there is no escape for internationally diversified investors from investing in the US equity market and for their non-US banks or asset managers to help them in doing so. For the US government, there is an incentive to create a framework that both encourages foreign capital to be invested in the United States and ensures that the proper taxes are paid within a framework that is understandable and reasonable, from a cost perspective, to comply with. In clarifying this framework in the context of the tax operations of a non-US financial institution, this book intends to provide a general overview and a mix of high-level insights into the logic behind the framework (including for FATCA, qualified intermediaries, dividend equivalent payments under 871m and qualified derivatives dealers) and, where appropriate, takes a deeper dive into detailed compliance rules.

Contents:

Chapter 1: Introduction

Chapter 2: Principles of US Withholding Tax when Investing in US Securities

Chapter 3: Acting as a Non-Qualified Intermediary

Chapter 4: Acting as a Qualified Intermediary

Chapter 5: Derivatives

Chapter 6: Future Outlook: OECD TRACE

Notes:

Description based on print version record.

ISBN:

90-8722-651-9