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Author :
Release : 2008
Genre : Investments, Foreign
Kind : eBook
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Book Synopsis Economic and U.S. Income Tax Issues Raised by Sovereign Wealth Fund Investment in the United States by :
Download or read book Economic and U.S. Income Tax Issues Raised by Sovereign Wealth Fund Investment in the United States written by . This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Release : 2010
Genre : Business & Economics
Kind : eBook
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Book Synopsis Sovereign Wealth Fund Acquisitions and Other Foreign Government Investments in the U.S. by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Download or read book Sovereign Wealth Fund Acquisitions and Other Foreign Government Investments in the U.S. written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard Snoeij
Release : 2018-04-18
Genre : Law
Kind : eBook
Book Rating : 339/5 ( reviews)
Book Synopsis International Tax Aspects of Sovereign Wealth Investors by : Richard Snoeij
Download or read book International Tax Aspects of Sovereign Wealth Investors written by Richard Snoeij. This book was released on 2018-04-18. Available in PDF, EPUB and Kindle. Book excerpt: An increasing number of States have entered the market looking to invest resources in foreign assets. This emergence of States acting as investors, managing the wealth of a nation and competing in the marketplace with private investors, has attracted growing and wide attention. This book is the first in-depth analysis of the international tax aspects of sovereign wealth investors, and serves as a comprehensive guide to designing tax policy, from a source State perspective, toward inbound sovereign wealth investment. Drawing on a wide range of relevant sources, including international instruments, domestic tax legislation, administrative practice, (international) case law and the writings of highly qualified publicists, the author fully addresses the following aspects of the subject: – the definition, functions, legal form, governance, home State tax status, etc. of sovereign wealth investors; – tax policy considerations and objectives (i.e., neutrality, equity and international attractiveness) from a source State perspective vis-à-vis foreign sovereign wealth investors; and – the potential impact of the sovereign immunity principle, bilateral tax treaties and European (Union) law on source States’ ability to achieve these tax policy objectives in relation to foreign sovereign wealth investors. The conceptual framework developed by the author will greatly assist source States in introducing new tax policy or in evaluating or reconsidering their existing tax policy vis-à-vis foreign sovereign wealth investors. In addition, practitioners, academics and (home States of) sovereign wealth investors will welcome this first authoritative analysis of an important but insufficiently understood subject in international tax.
Author : Victor Fleischer
Release : 2008
Genre :
Kind : eBook
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Book Synopsis A Theory of Taxing Sovereign Wealth by : Victor Fleischer
Download or read book A Theory of Taxing Sovereign Wealth written by Victor Fleischer. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: Sovereign wealth funds enjoy an exemption from tax under section 892 of the tax code. This anachronistic provision offers an unconditional tax exemption when a foreign sovereign earns income from non-commercial activities in the United States. The provision, which was first enacted in 1917, reflects an expansive view of the international law doctrine of sovereign immunity that the United States (and other countries) discarded fifty years ago in other contexts. The Treasury regulations accompanying section 892 define non-commercial activity broadly, encompassing both traditional portfolio investing and more aggressive, strategic equity investments. Because section 892 was not written with sovereign wealth funds in mind, the policy rationale for this generous tax treatment has not been closely examined before. This Article provides a framework for analyzing the taxation of sovereign wealth. I start from a baseline norm of quot;sovereign tax neutrality,quot; which would treat the investment income of foreign sovereigns no better and no worse than private investors' income. Nor would it favor any specific nation over another. Whether we should depart from this norm depends on several factors, including the external costs and benefits created by sovereign wealth investment, whether tax or other regulatory instruments are superior methods of attracting investment or addressing harms, and which domestic political institutions are best suited to implement foreign policy. I then consider whether we should impose an excise tax that would discourage sovereign wealth fund investments in the equity of U.S. companies. If desired, the tax could be designed to complement nontax economic and foreign policy goals by discouraging investments by funds that fail to comply with best practices for transparency and accountability.The case for repealing the existing tax subsidy is strong. We should tax sovereign wealth funds as if they were private foreign corporations; there is no compelling reason to subsidize sovereign wealth. My analysis also shows that imposing a special excise tax may not be the optimal regulatory instrument for managing the special risks posed by sovereign wealth funds, although a carefully-designed tax would be more effective than the status quo.
Author : United States. Congress. Joint Economic Committee
Release : 2008
Genre : Economic security
Kind : eBook
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Book Synopsis Do Sovereign Wealth Funds Make the U.S. Economy Stronger Or Pose National Security Risks? by : United States. Congress. Joint Economic Committee
Download or read book Do Sovereign Wealth Funds Make the U.S. Economy Stronger Or Pose National Security Risks? written by United States. Congress. Joint Economic Committee. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt:
