This seventh in a series of articles on the US taxation of shipping income explains the “look through” rule that applies to exemptions from the tax available pursuant to Section 883. The next article will explain what must be done to comply with the filing requirements associated with Section 883 exemptions. The tax on USSGTI…
DetailsThis is the sixth in a series of articles on the US taxation of shipping income, and continues the explanation of exemptions from the tax available pursuant to Section 883. Future articles will cover the “look through” rule and what must be done to comply with the filing requirements associated with these exemptions. The tax…
DetailsThis is the fifth in a series of articles on the US taxation of shipping income, and begins the explanation of USSGTI obligations. Next week, we will discuss exemptions from the tax available pursuant to Section 883. Future articles will cover the “look through” rule and what must be done to comply with the filing requirements…
DetailsThis is the fourth in a series of articles on the US taxation of shipping income, and explains treaty exemptions from the tax, what they are, how companies qualify and what must be done to comply with the filing requirements associated with the treaty exemption. With very few exceptions (Greece is one of the exceptions),…
DetailsThis is the third in a series of articles on the US taxation of shipping income, and explains treaty exemptions from the tax, what they are, how companies qualify and what must be done to comply with the filing requirements associated with the treaty exemption. As the first two articles in this series explained, the…
DetailsIn our firm, the first question of many a client is how much our representation is going to cost them. For general business related work, we charge on an hourly basis unless we can develop a more suitable arrangement with the client. Often this is difficult, as it is hard to predict how much time and…
DetailsThis is the first in a series of articles on the U.S. taxation of shipping income. The series will present a brief refresher course on the U.S. tax, what it is and what it covers, how the exemptions work, and the compliance and filing requirements. This first article offers a general introduction to the history of…
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