Significant Current Issues in International Taxation

by Ahmed Riahi-Belkaoui

Overview

Multinational corporations face different tax systems in different countries that require careful tax planning. A systematic approach is needed to minimize and avoid unnecessary business taxes. Some core issues of international taxation are part of a successful corporate tax plan in an international context. The first issue is a good understanding and appreciation of the principles of international taxation that include the different philosophies of taxation, the different kinds of taxes, the different tax systems, the different tax treaties and potential tax havens. The second issue is a thorough understanding of U.S. taxation of foreign income to avoid double taxation and the computation of foreign tax credits. The third issue is the choice of a transfer pricing method and the compliance with tax regulations on both the transfer of tangible and intangible assets. The fourth issue is the intelligent use of tax vehicles for exporting which can generate substantial savings and reduce the effective tax rate and involve the choice between the interest-charge domestic international sales corporation and the foreign sales corporation. A final issue is the efficient use of value-added taxation for activities taking place outside the U.S., and a new appreciation of the potential of this form of taxation for the United States. Practicing accountants, academics, business executives, students, legislators, and others who want a better understanding of the complex issues of international taxation will be interested in this book.

Product Details

ISBN-13:	9781567201857
Publisher:	Bloomsbury Academic
Publication date:	08/27/1998
Pages:	200
Product dimensions:	6.00(w) x 9.00(h) x 0.62(d)

About the Author

AHMED RIAHI-BELKAOUI is CBA Distinguished Professor of Accounting in the College of Business Administration, University of Illinois at Chicago. Author of more than 40 Quorum books and coauthor of several more, he is also a prolific author of articles published in the jourbanals of his field, and has served on numerous editorial boards.

Table of Contents

Preface
Principles of International Taxation
U.S. Taxation of Foreign Income
Transfer Pricing
Tax Incentives for Exporting
Value-Added Taxation
Selected Bibliography
Index

Editorial Reviews

Riahi-Belkaoui (accounting, U. of Illinois-Chicago) provides a guide to successful tax planning in a complex international context for foreign sales corporations, or more bluntly, to avoiding unnecessary taxation. Doing so requires a grasp of: the principles of international taxation, the US taxation of foreign income to avoid double tax jeopardy, transfer-pricing on asset transfer, savings- oriented tax vehicles for exporting, and issues of value-added taxation. Includes computations using alternative methods, current UK legislation, and foreign tax credit forms. Distributed in the US by Greenwood. Annotation c. by Book News, Inc., Portland, Or.

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