About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

41 N.C. J. Int'l L. 595 (2015-2016)
Avoiding Double Taxation and Expatriation: A Comprehensive Solution to FATCA and Corporate Inversion

handle is hein.journals/ncjint41 and id is 613 raw text is: Avoiding Double Taxation and Expatriation: A Comprehensive Solution to FATCA and Corporate Inversion Michael B. Cohent I. Introduction: A Scenario .............. ..... 596 II. FATCA ......................... ......604 A. Background of Global Citizenship Taxation........604 B. Double Taxation and Its Solutions: Exclusions, Foreign Tax Credits, and Income Tax Treaties ..607 1. Foreign Tax Credits ....................607 2. Section 911 Exclusions.... ...........609 3. Income Tax Treaties......................610 C. The Necessity, Enactment, and Effects of FATCA ...............................611 1. Wh Was FATCA Enacted?...........................611 2. FATCA's Main Provisions.............................614 3. FATCA's International Implementation and Enforcement Mechanisms ............................. 617 4. Effects of FATCA (Strengths and W eaknesses) ..................................................620 D. Proposals............................624 1. Keep Global Taxation, But Modify FATCA.. 624 2. Only Tax Based on Residency, Not C itizenship ..................................................... 627 III. Corporate Inversion ................. ...... 628 A. Background of the Issue ............ .....628 1. How It Came to This Point-U.S. Worldwide Taxation..........................629 B. Relevant Structure of the United States' Version of the W orldwide Approach....................................630 1. Double Taxation and Foreign Tax Credits......630 2. Foreign Income Deferral.................................633 C. The Ideal Corporate Taxpayer Solution to the Worldwide Approach: Corporate Inversion .......634 t J.D. Candidate 2016, University of North Carolina School of Law. Senior Staff Editor, North Carolina Journal ofInternational Law.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most