Issues Presented by Proposals to Modify the Tax Treatment of Expatriation: A ReportU.S. Government Printing Office, 1995 |
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Pagina 4
... inherited wealth or who expect to inherit wealth in the near future , because the basis of inherited assets is stepped up to the fair market value of the assets on the date of the decedent's death , and thus there would be little or no ...
... inherited wealth or who expect to inherit wealth in the near future , because the basis of inherited assets is stepped up to the fair market value of the assets on the date of the decedent's death , and thus there would be little or no ...
Pagina 25
... inheritance , a so - called " uniform basis " rule is applied with the basis of the property being divided between the life estate and the remainder interest . As the life estate is used up each year , its basis is reduced , and the ...
... inheritance , a so - called " uniform basis " rule is applied with the basis of the property being divided between the life estate and the remainder interest . As the life estate is used up each year , its basis is reduced , and the ...
Pagina 27
... inheritance , legacy and succession taxes , the bur- den of proving that one of the principal purposes of the loss of U.S. citizenship was not avoidance of U.S. income or estate tax is on the executor of the decedent's estate . In ...
... inheritance , legacy and succession taxes , the bur- den of proving that one of the principal purposes of the loss of U.S. citizenship was not avoidance of U.S. income or estate tax is on the executor of the decedent's estate . In ...
Pagina 48
... inherited wealth who expatriate specifically for tax avoidance reasons , because the inherited assets would have received a basis step up to fair market value upon the decedent's death , and thus would have little or no unrealized ap ...
... inherited wealth who expatriate specifically for tax avoidance reasons , because the inherited assets would have received a basis step up to fair market value upon the decedent's death , and thus would have little or no unrealized ap ...
Pagina 56
... taxable transaction . Second , a taxpayer recently may have inherited assets , resulting in the basis of the assets being stepped up to fair market value . Assume the $ 500,000 million in consumption from his principal 56.
... taxable transaction . Second , a taxpayer recently may have inherited assets , resulting in the basis of the assets being stepped up to fair market value . Assume the $ 500,000 million in consumption from his principal 56.
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Issues Presented by Proposals to Modify the Tax Treatment of Expatriation: A ... Vizualizare completă - 1995 |
Termeni și expresii frecvente
Administration proposal apply basis beneficiary capital gains citizen or resident Congress country of residence deemed sale departure tax distributions double taxation effect estate tax expa expatriating act expatriation tax proposals fair market value foreign tax former citizens gift tax green card Immigration included income tax treaty individual's inheritance tax international law issues Joint Committee staff long-term residents loss of citizenship Macomber marginal tax rates marking to market million modified bills nationality nonresident alien patriation percent on taxable potential present law provisions realization relinquish U.S. citizenship renounce respect retroactive right to emigrate rules section 877 spouse subject to tax subject to U.S. tax avoidance tax haven tax jurisdiction tax on expatriation tax purposes tax rates begin tax treaties taxable transfers taxpayer tion transfers and rise transfers in excess trust interest U.S. citizen U.S. income tax U.S. residents U.S. source income U.S. tax system United
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Pagina 85 - ... international custom, as evidence of a general practice accepted as law; c. the general principles of law recognized by civilized nations ; d. subject to the provisions of Article 59, judicial decisions and the teachings of the most highly qualified publicists of the various nations, as subsidiary...
Pagina 57 - Whereas the right of expatriation is a natural and inherent right of all people, indispensable to the enjoyment of the rights of life, liberty and the pursuit of happiness ; and whereas in the recognition of this principle this government has freely received emigrants from all nations and invested them with the rights of citizenship...
Pagina 86 - Article 2 1. Everyone lawfully within the territory of a State shall, within that territory, have the right to liberty of movement and freedom to choose his residence. 2. Everyone shall be free to leave any country, including his own.
Pagina 85 - The taxable year in which the property is placed in a condition or state of readiness and availability for a specifically assigned function...
Pagina 77 - As regards the application of the Convention at any time by a Contracting State, any term not defined therein shall, unless the context otherwise requires, have the meaning...
Pagina 77 - State. 2. As regards the application of the Convention by a Contracting State any term not defined therein shall, unless the context otherwise requires, have the meaning which it has under the law of that State concerning the taxes to which the Convention applies. Article 4 RESIDENT 1. For the purposes of this Convention, the term "resident of a Contracting State...
Pagina 30 - Is a national; or (ii) solely to develop and direct the operations of an enterprise in which he has invested, or of an enterprise In which he is actively In the process of investing, a substantial amount of capital...
Pagina 67 - Here we have the essential matter: not a gain accruing to capital, not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the capital however invested or employed, and coming in, being 'derived...
Pagina 62 - States and one of whom has had a residence in the United States or one of its outlying possessions, prior to the birth of such person; (d) a person born outside of the United States...
Pagina 57 - SEC. 403. (a) Except as provided in subsections (g) and (h) of section 401, no national can expatriate himself, or be expatriated, under this section while within the United States or any of its outlying possessions, but expatriation shall result from the performance within the United States or any of its outlying possessions of any of the acts or the fulfillment of any of the conditions specified in this section if and when the national thereafter takes up a residence abroad.