U.S. Tax Treaties: What You Need To Know
1 hour 40 minutes
Gain a basic understanding on United States tax treaties and how they are enacted.
Income tax treaties play an integral role in international business transactions, impacting taxpayers whose activities cross borders into the jurisdiction of one of the U.S.’s many treaty partners. In the uncertain international business environment we currently find ourselves in, it’s more important than ever for companies to understand the benefits of income tax treaties and how they affect and benefit cross-border planning. This topic will provide you a background of the fundamental aspects of income tax treaties: including why treaties are so important, how they are enacted, and how they impact existing domestic legislation. The major treaty provisions of the U.S. Model Treaty will be reviewed so that you will understand how treaties apply to various business activities and cross-border transactions.
• You will be able to explain the process by which a treaty is entered into force.
• You will be able to identify the primary provisions of a U.S. income tax treaty.
• You will be able to describe the application of a treaty to a variety of factual circumstances.
• You will be able to recognize the benefits of U.S. tax treaties to international commerce.