36-ch6

36-ch6 - CALIFORNIA FRANCHISE TAX BOARD Internal Procedures...

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Unformatted text preview: CALIFORNIA FRANCHISE TAX BOARD Internal Procedures Manual Waters Edge Manual Rev.: December 2006 ________________________________________________________________ The information provided in the Franchise Tax Board's internal procedure manuals does not reflect changes in law, regulations, notices, decisions, or administrative procedures that may have been adopted since the manual was last updated Chapter 6 FEDERAL INTERNATIONAL TAXATION Contents: 6.1 INTRODUCTION....................................................................................3 a. Nature And Limitations Of The US Taxing Jurisdiction...........................4 b. US Taxing Jurisdiction Of US Corporations............................................5 c. US Taxing Jurisdiction Of Foreign Corporations.....................................6 d. US Indirect Taxing Jurisdiction ...............................................................7 6.2 TAX TREATIES......................................................................................8 a. Nature Of Tax Treaties ...........................................................................9 b. US Tax Treaties And California Law.....................................................11 c. Permanent Establishment (PE) And ECI ..............................................13 d. Tax Rate Reductions ............................................................................15 6.3 FOREIGN TAX CREDIT.......................................................................16 a. In General.............................................................................................17 b. Direct And Indirect FTCs ......................................................................20 c. FTC Limitations ....................................................................................22 6.4 SOURCE OF INCOME AND DEDUCTIONS........................................23 a. In General.............................................................................................24 b. Source Rules For Income.....................................................................26 c. Source Rules For Deductions...............................................................27 6.5 TRANSFER PRICING ..........................................................................28 6.6 TAX HAVENS AND SUBPART F ........................................................31 6.7 US POSSESSIONS CORPORATIONS................................................33 6.8 OUT-BOUND TRANSFERS.................................................................35 6.9 EXPORT SALES INCENTIVES ...........................................................37 6.10 US BRANCHES OF FOREIGN CORPORATIONS..............................39 6.11 US DOLLARS AND OTHER CURRENCIES .......................................40 CALIFORNIA FRANCHISE TAX BOARD Internal Procedures Manual Waters Edge Manual Rev.: December 2006 ________________________________________________________________ The information provided in the Franchise Tax Board's internal procedure manuals does...
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36-ch6 - CALIFORNIA FRANCHISE TAX BOARD Internal Procedures...

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