U.S. Taxation of International Operations: Key Knowledge is packed with information for both organizations whose work extends beyond the U.S. and the CPAs who serve them. In-depth explanations of the most important aspects of international taxation take you step-by-step through these complex issues.
Each chapter includes numerous examples of companies working through real-life situations to enhance your practical understanding of the laws and regulations that govern international taxation.
Among many other topics, this book addresses:
U.S. international taxation rules, the latest planning techniques and legislative changes
Initiation of U.S. or foreign operations through a representative office, branch, incorporated subsidiary or joint venture, partnership or limited liability company
Transfer pricing, Subpart F, export incentive rules, U.S. trade or business effectively connected income and branch profits tax rules
Alternative means of capitalizing a U.S. or foreign start-up business
U.S. withholding tax requirements for fixed, determinable annual payments
How to work with foreign tax authorities and tax treaties, foreign bank accounts, international boycotts and currency transportation, including recently enacted FATCA and FBAR foreign ownership, reporting and withholding rules
U.S. foreign tax credit rules—determining whether foreign taxes are creditable, sourcing income and expenses and calculating the U.S. foreign tax credit limitation
Managing an overall foreign loss
Inbound and outbound international mergers, acquisitions and corporate transactions
As organizations from small to large go global, you can become the international tax expert you need to be.