To
receive our free monthly network newsletter enter your
email address below:
ADVERTISING
ADVERTISE
ON THIS SITE!
Our sites have more than 100,000 visitors every month. Like
our international site, this new US site will quickly grow
to be one of the most-visited
American tax sites.
If you want to advertise with us, be an exclusive launch partner
for new US sections, or show our highly-rated news content
on your own site, just e-mail paul@ustax
network.com.
We'll get right back to you! If you give us a number to call
you, we'll do just that. For
more information, click
here.
>
Information provided on this site is for general guidance only and
is often simplified. Actual IRS procedures are complex, and taxpayers
should obtain professional assistance or use IRS sources for complete
information.
US
Double Tax Treaties Under
these treaties, residents of foreign countries are
taxed at a reduced rate or are exempt from income
taxes on certain items of income they receive from
sources within the United States, and vice versa.
Table
Of Tax Treaties A listing
of the 54 countries with which the US has double
tax treaties.
Tax
Information Exchange Agreements Many
offshore jurisdictions don't want to or are not
eligible to enter fully-fledged double tax treaties
with their major trading partners.
Transfer
Pricing Most double
tax benefits are linked to acceptable transfer pricing;
few international transactions can now ignore it.
Dividend
Taxation Under 2003 Tax-Cutting Legislation
The Jobs and Growth Tax Relief Reconciliation Act of
2003 generally provided that a dividend paid to an individual
shareholder from either a domestic corporation or a
qualified foreign corporation would be subject
to tax at the reduced rates applicable to certain capital
gains. A qualified foreign corporation includes certain
foreign corporations that fall under the terms of those
double tax treaties which include an exchange of information
program. The foreign corporation must be a resident
within the meaning of such term under the relevant treaty.
A 'qualified foreign corporation' does not include any
foreign corporation which for the taxable year of the
corporation in which the dividend was paid, or the preceding
taxable year, is a foreign personal holding company,
a foreign investment company, or a passive foreign investment
company.
Four
US income tax treaties did not meet the requirements
of the Act. The tax treaties with Bermuda and The Netherlands
Antilles were not comprehensive income tax treaties
within the meaning of the Act; the USSR income tax treaty,
which continued to apply to certain former Soviet Republics,
did not include an information exchange program. The
income tax treaty with Barbados was determined not to
be satisfactory because of concern that the treaty could
operate to provide benefits intended to mitigate or
eliminate double taxation in cases where there is no
risk of double taxation.
With the exception of these four countries, all of the
treaties listed in the table
in this section qualified under the Act.
US
Double Tax Treaties Under
these treaties, residents of foreign countries are
taxed at a reduced rate or are exempt from income
taxes on certain items of income they receive from
sources within the United States, and vice versa.
Table
Of Tax Treaties A listing
of the 54 countries with which the US has double
tax treaties.
Tax
Information Exchange Agreements Many
offshore jurisdictions don't want to or are not
eligible to enter fully-fledged double tax treaties
with their major trading partners.
Transfer
Pricing Most double
tax benefits are linked to acceptable transfer pricing;
few international transactions can now ignore it.
New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below.
Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers.
Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
One of the web's
largest and most authoritative business and investment information
sources. Alongside topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly
updated intelligence reports cover every important aspect
of 'offshore' and international tax-planning in depth, including
banking secrecy, the EU's savings tax directive, offshore
funds, e-commerce, offshore gaming and transfer pricing. Reports
are available for immediate downloading or as subscription
services with news pages.
IMPORTANT NOTICE:
THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting
the information contained on this site, but accepts no responsibility
for any financial or other loss or damage that may result from its use.
In particular, users of the site are advised to take appropriate professional
advice before committing themselves to involvement in offshore jurisdictions,
offshore trusts or offshore investments. All materials on this site copyright
The Lowtax Network 1999 - 2009. Contact
us for further information.