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5 Results
Border
U.S. Citizens in Mexico: Displaced Without Protection
Among the U.S. citizens migrating to Mexico in recent years are an unknown number of Americans who married Mexican citizens and were co-deported or departed voluntarily with their undocumented spouses, the authors report. Without improved consular services and a diaspora policy that anticipates the likely return of these Americans in the future, the authors worry that the United States risks re-inheriting a sizable U.S. population that may well require critical government services to reintegrate after a prolonged period abroad.
Tran Dang, Abigail Thornton August 4, 2022
IRS
U.S. Supreme Court Unanimously Chooses Substance Over Form in Foreign Tax Credit Case: Implications of the PPL Decision for the Creditability of Cash-flow Taxes
This paper examines the effects of a U.S. Supreme Court ruling that a one-time retroactive British “Windfall Tax” levied on 32 public utilities that were privatized between 1984 and 1996 was eligible for the US foreign tax credit (FTC). The decision could have far-reaching implications for the creditability of taxes that are not ordinarily thought to be income taxes, including various cash-flow business taxes that are key elements of several proposals recommending replacement of the income tax with a consumption-based tax.
Charles E. McLure, Jr., Jack Mintz, George R. Zodrow August 20, 2014