Homeland Investment Act

verfasst von Phoenix, 14.09.2004, 21:34

-->Das könnte sicherlich ein kurzes Strohfeuer geben, wobei ich die rückfliesenden
Gelder eher als Nasenwasser sehe im Vergleich zu den angehäuften Problemen.

Schöne Grüße


Homeland Investment Act (HIA)/Invest in the United States Act (IUSA


STATUS
On June 17, 2004, the U.S. House of Representatives passed international tax reform legislation (H.R. 4520) by a vote of 251-178. The Senate approved its version of the legislation (S. 1637) on May 11. Both the House and Senate bills contain Homeland Investment Act/Invest in the USA Act provisions. The House and Senate will now need to work out any differences between their respective versions of the bill before it can be sent to the President.

BACKGROUND
The HIA would allow companies to repatriate offshore cash balances at a reduced tax rate. The proposal would temporarily (for one year) reduce the current 35 percent rate and replace it with a 5.25 percent rate on dividends in excess of normal distributions from foreign subsidiaries. That is, if an American company's foreign subsidiary turns a profit and wants to return the profit to the American company as a dividend, the dividend is taxed at 35% minus any taxes paid abroad. Those electing to take advantage of the lower rate would forfeit their ability to use the foreign tax credit on the funds subject to the 5.25 percent rate. Companies would have the option to take advantage of the HIA or continue operating under the existing system.

Current law requires U.S. companies to pay a tax of up to thirty-five percent on their foreign subsidiaries' earnings when they bring those earnings back to the United States. Proponents of the HIA argue that because of the high tax rate, U.S. companies have been accumulating cash balances in their foreign subsidiaries. Those funds remain offshore, and are not invested in the United States. Enactment of this proposal would create an incentive to repatriate cash balances, and provide a stimulus to the U.S. economy.

AFP ACTION
AFP is a member of the Homeland Investment Act Coalition, and has cosigned two industry letters urging the US Senate to act on the legislation.


<ul> ~ http://www.afponline.org/pub/gr/i_hlandinvest.html</ul>

Thread gesperrt

 

gesamter Thread:

• Jen von Morgan Stanley sieht Dollar gegenüber dem Euro steigen - EM-financial, 14.09.2004, 20:39
  • Re: Jen von Morgan Stanley sieht Dollar gegenüber dem Euro steigen - MC Muffin, 14.09.2004, 21:08
    • Homeland Investment Act - Phoenix, 14.09.2004, 21:34
      • Re: Homeland Investment Act - off-shore-trader, 14.09.2004, 23:03