9. Subpart F Income. The rule that US. shareholders do not pay taxes on foreign-source income until...

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9. Subpart F Income. The rule that US. shareholders do not pay taxes on foreign-source income until that income is remitted to the United States (tax defer- ral) was amended in 1962 by the creation of special Subpart F income.

a. Why was this revision adopted?

b. What is defined as being Subpart F income?

c. When is Subpart F income taxed?

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Fundamentals Of Multinational Finance

ISBN: 9780321541642

3rd Edition

Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman

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