Overview of U.S. International Tax
This session will present an overview of U.S. international taxation for tax professionals with little to no international experience. The focus of this webinar will be primarily on the outbound activities of U.S. based corporations.
Presentation Objectives:
- Provide an overview to U.S. international tax system
- Differentiate worldwide vs. territorial tax systems
- Highlight key points in taxation of foreign income of U.S. corporations
- Introduce U.S. income and sourcing rules
- Define permanent establishment and tax treaty principles
- Explain basics of deduction or credit for foreign income taxes
Upon completion participates will be able to:
- Identify key issues in U.S. and foreign taxation rules for multinational corporations
- Understand basic allocation and apportionment of U.S. income and deductions
- Use permanent establishments to avoid double taxation
Speaker
Stephen C. Fox, CPA, CMA, advises clients, including CPA firms and business entities, on international tax matters. Steve is a Certified Public Accountant and Certified Management Accountant with over 30 years tax experience, primarily in international tax. Mr. Fox has advised clients in a wide array of industries on international structuring, foreign tax credit issues, intercompany pricing, Subpart F, international assignees, DISCs, Section 199, and inbound issues. He has also directed clients’ tax computerization projects. Steve’s clients have included AT&T, Lucent, TransTechnology, Dialogic, Carbone Lorraine, Konica, Steelcase, Interface, Brighton-Best, K&F, MetTel, 1-4 Group, and others. He is a frequent lecturer with professional tax organizations, and has authored articles appearing in Journal of Taxation, Journal of International Taxation, and other publications. As Adjunct Professor of Taxation at Fairleigh Dickinson University he developed their international tax program. Steve previously served as an International Tax Director with national CPA firms.