Fundamentals of International Taxation

Studying for the Advanced Diploma in International Tax qualification is an excellent way to learn the fundamentals of international taxation. Read ADITextrathe blog for ADIT – to find out more!

Whether you are new to international tax or an experienced professional wishing to showcase your expertise, the ADIT certification offers you the opportunity to stand out from the crowd.

Read on to discover how online study programmes from Extratax Training guide you to success. The spotlight for this edition of ADITextra is the US Controlled Foreign Companies rules.

 

1. Transfer Pricing

While we’re taking a fortnight’s break from the live transfer pricing classes, take the opportunity to check out our free video content on key topics from the ADIT Transfer Pricing syllabus:

 

We’re no longer accepting bookings for this semester’s Transfer Pricing course. If you would like to express your interest in joining us for the December 2021 course, please use the contact form below or email info@extrataxtraining.com. We’ll shorty be launching the December 2021 courses with an attractive early bird booking offer!

 

2. Principles of International Tax

The Principles of International Taxation classes are also on an Easter break, with the students using the time to consolidate their knowledge and tackle their first mock exam. If you missed them in previous editions of ADITextra, watch free videos from the Principles of International Tax course discussing:

 

Controlled Foreign Company (CFC) anti-avoidance rules are part of the Principles of International Tax syllabus. You should have an awareness about the types of CFC legislation implemented by OECD states. So you should check out this week’s spotlight section below, giving you an overview of the Controlled Foreign Company rules in the United States.

 

Fundamentals – Principles of International Taxation

The Principles of International Tax syllabus provides you with the fundamentals of international taxation – a reason why many ADIT candidates choose to study it first, before moving on to a thematic or jurisdiction module.

 

We’re no longer accepting bookings for this semester’s Principles of International Taxation course. If you would like to express your interest in joining us for the December 2021 course, please use the contact form below or email info@extrataxtraining.com. We’ll shorty be launching the December 2021 courses with an attractive early bird booking offer!

 

 

3. UK Tax

The UK tax course is currently on a two week break. This gives the students time to review what they’ve learnt so far, revisit any challenging areas and work on past exam questions. Plus some relaxation time, of course!

 

ADIT UK Tax – Distance Learning Course

Although we’re no longer accepting bookings for this semester’s United Kingdom Advanced International Tax course, you can still benefit from our expertise. We have compiled a comprehensive set of online study materials for the ADIT UK paper. We’ve just launched a limited edition beta-testing version of these materials as part of our distance learning course.

 

The UK distance learning course was written by Catriona Loughran FCA CTA ADIT and other experienced tax professionals, including:

 

If you are interested in joining the distance learning course for the June 2021 exam, please email info@extrataxtraining.com.

 

4. US Tax

In Thursday’s US Taxation course, Ishali Patel shared her international tax expertise, discussing:

  • US company expanding operations globally

  • Foreign branches

  • Controlled Foreign Corporations (CFCs)

  • Global Intangible Low-Taxed Income (GILTI)

  • Passive Foreign Investment Companies (PFICs)

  • Foreign Derived Intangible Income (FDII)

  • Participation exemption

 

Check out the Spotlight section below for a discussion on the CFC rules.

 

Fundamentals of International Taxation – United States

As you can see from the list of topics above, to the uninitiated, US tax can seem like a confusing maze of acronyms! Ishali’s deep understanding of US tax, along with her enthusiasm for sharing her knowledge, means she can guide you through the maze to conquer the fundamentals of US international tax.

 

We’re no longer accepting bookings for this semester’s United States Taxation course. If you would like to express your interest in joining us for the next ADIT exam sitting for Module 2.10 in June 2022, please use the contact form below or email info@extrataxtraining.com.

 

5. Spotlight on United States Tax

Each week, we’ll put the spotlight on a topic covered in one of our classes. This time, let’s look at the US Controlled Foreign Corporations rules. While this was discussed in this week’s US Tax course, it’s also relevant for the Principles of  International Taxation module.

 

A foreign corporation is a CFC if US shareholders own:

  • more than 50% off the combined voting power of all classes of shares, or
  • more than 50% of the total value of the foreign corporation.

 

A US shareholder is any US person owning at least 10% of the value off the foreign corporation.

 

There are two anti-deferral systems in place to prevent CFC’s sheltering income from US tax:

  • Subpart F income, and
  • Globally Intangible Low-Taxed Income (GILTI).

 

Watch & Learn

Watch part of this week’s US Tax course for an overview of  ‘Controlled Foreign Corporations‘.

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