Chartering vessel to decommission oil and gas wells is ECI

The Tax Court held that a U.K. limited liability company's charter income from decommissioning oil and gas wells and removing debris on the U.S. outer continental shelf (OCS) was effectively connected income (ECI) and subject to U.S. income tax based on Sec. 638 and the U.S.-U.K. tax treaty. In...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of Accountancy 2020-06, Vol.229 (6), p.55-57
Hauptverfasser:	Seo, Richard, Silversmith, David R
Format:	Artikel
Sprache:	eng
Schlagworte:	Charters Exploitation Income taxes International relations Limited liability companies Mines Permanent establishment State court decisions Tax court decisions Tax courts Tax treaties
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!