Consequences of international restructuring
Rev. Rul. 92-85 holds that deemed distributions under Section 304(a)(1) from a US corporation to a foreign corporation can be subject to Federal tax under Section 881 and withholding under Section 1442. Restructuring transactions undertaken by a foreign-based multi-national group of corporations som...
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| Veröffentlicht in: | The CPA journal (1975) 1993-04, Vol.63 (4), p.82 |
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| container_title | The CPA journal (1975) |
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| creator | Lubin, Mark L |
| description | Rev. Rul. 92-85 holds that deemed distributions under Section 304(a)(1) from a US corporation to a foreign corporation can be subject to Federal tax under Section 881 and withholding under Section 1442. Restructuring transactions undertaken by a foreign-based multi-national group of corporations sometimes involve a transfer of stock of a member of the group to another group member, in exchange for property other than stock of the acquiring corporation. In discussing the amount subject to withholding tax in this type of situation, the IRS stated that a payment will generally be treated as a distribution from the foreign acquiring corporation, and thus not subject to the withholding tax, only to the extent that the corporation's earnings and profits can clearly be determined. |
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Rul. 92-85 holds that deemed distributions under Section 304(a)(1) from a US corporation to a foreign corporation can be subject to Federal tax under Section 881 and withholding under Section 1442. Restructuring transactions undertaken by a foreign-based multi-national group of corporations sometimes involve a transfer of stock of a member of the group to another group member, in exchange for property other than stock of the acquiring corporation. 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| identifier | ISSN: 0732-8435 |
| ispartof | The CPA journal (1975), 1993-04, Vol.63 (4), p.82 |
| issn | 0732-8435 |
| language | eng |
| recordid | cdi_proquest_journals_212289808 |
| source | Business Source Complete |
| subjects | Corporate reorganization Corporate tax planning Dividends Foreign source income Foreign subsidiaries Income taxes International business enterprises Laws, regulations and rules Multinational corporations Profits Rev. Rul. 92-85 Revenue procedures & rulings Stock transfer Tax rates Taxable income Taxation Withholding taxes |
| title | Consequences of international restructuring |
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