FEI Study: US Companies Face International Disadvantage
A new study performed by the Financial Executives International (FEI) Research Foundation finds that US companies doing business in the international market face tax disadvantages in comparison to their international counterparts.
Tax laws that allocate US interest expense to foreign source income and that limit the use of foreign tax credits can frequently result in double taxation for US companies.
The study, which is the second edition of a study performed in 1996, was authored by PricewaterhouseCoopers' tax experts Peter R. Merrill, Ph.D., principal, and Carl A. Dubert, senior manager.
The study is available in book form and may be purchased at the FEI Web site for $100.