Description of S. 1915 Relating to Tax Treatment of Foreign Investment in U.S. Real Property

Description of S. 1915 Relating to Tax Treatment of Foreign Investment in U.S. Real Property PDF Author: United States. Congress. Joint Committee on Taxation
Publisher:
ISBN:
Category : Capital gains tax
Languages : en
Pages : 24

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Description of S. 1915 Relating to Tax Treatment of Foreign Investment in U.S. Real Property

Description of S. 1915 Relating to Tax Treatment of Foreign Investment in U.S. Real Property PDF Author: United States. Congress. Joint Committee on Taxation
Publisher:
ISBN:
Category : Capital gains tax
Languages : en
Pages : 24

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Repeal of Foreign Investment in Real Property Tax Act

Repeal of Foreign Investment in Real Property Tax Act PDF Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Energy and Agricultural Taxation
Publisher:
ISBN:
Category : Capital gains tax
Languages : en
Pages : 178

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Repeal of Foreign Investment in Real Property Tax Act

Repeal of Foreign Investment in Real Property Tax Act PDF Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Energy and Agricultural Taxation
Publisher:
ISBN:
Category : Capital gains tax
Languages : en
Pages : 176

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Taxation of Foreign Investment in U. S. Real Estate

Taxation of Foreign Investment in U. S. Real Estate PDF Author: Department of the Treasury
Publisher: Forgotten Books
ISBN: 9781330294291
Category : Business & Economics
Languages : en
Pages : 83

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Excerpt from Taxation of Foreign Investment in U. S. Real Estate Dear Mr. Chairman: Section 553 of Public Law No. 95-500, the "Revenue Act of 1978," required the Treasury Department to conduct a study and analysis of the appropriate tax treatment of income from, or gain on the sale of, interest in United States property held by nonresident aliens and foreign corporations. The Secretary is required to transmit a report of the results of this study, together with the recommendations of the Department, within six months of the date of enactment of the Act. Pursuant to these provisions, I hereby submit a report entitled "Taxation of Foreign Investment in U.S. Real Estate." Under present law, capital gains realized by nonresident aliens and foreign corporations are not subject to U.S. tax unless they are "effectively connected" with a U.S. trade or business. The Treasury Report finds that, while most real property holdings of foreign person is used in a U.S. trade or business, foreign persons rarely incur capital gains tax on the disposition of their U.S. property holdings. The Report identifies various ways in which the capital gains on real estate, which would ordinarily be taxable, can be converted into capital gain on some other asset, which would not. The principal means by which this is accomplished is through a real property holding company and converting gain realized on disposition of the "effectively connected" property into gain realized on disposition of the shares, which is not deemed "effectively connected." The Treasury does not believe that taxing capital gain on the sale of corporate shares is desirable or practical. But to prevent unintended tax avoidance, the Treasury recommends modifying certain specific statutory provisions under which foreign taxpayers convert taxable gain on real estate into nontaxable gain. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Tax Reform Proposals

Tax Reform Proposals PDF Author:
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ISBN:
Category : Aliens
Languages : en
Pages : 150

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Monthly Catalogue, United States Public Documents

Monthly Catalogue, United States Public Documents PDF Author:
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ISBN:
Category : Government publications
Languages : en
Pages : 1252

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Monthly Catalog of United States Government Publications

Monthly Catalog of United States Government Publications PDF Author: United States. Superintendent of Documents
Publisher:
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Category : Government publications
Languages : en
Pages :

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February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index

Legislative Calendar

Legislative Calendar PDF Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 432

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Bowker's Law Books and Serials in Print

Bowker's Law Books and Serials in Print PDF Author:
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 714

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Vanderbilt Journal of Transnational Law

Vanderbilt Journal of Transnational Law PDF Author:
Publisher:
ISBN:
Category : International law
Languages : en
Pages : 1012

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