Congressional Joint Committee on Taxation Cross-Border Taxation Report

In preparation of a September 8, 2011 public hearing in front of the Senate Committee on Finance, the Joint Committee on Taxation released a report summarizing U.S. tax treatment of cross-border income and related tax issues.  The report includes a summary of existing tax rules applicable to inbound and outbound investment and a discussion of issues such as the perceived need to strengthen the earnings stripping rules, the effect of withholding and reporting rules on cross-border investment, and fundamental international tax reform options.

See Joint Committee on Taxation, Present Law and Issues in U.S. Taxation of Cross-Border Income (September 6, 2011).

Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal