Comparative Guides
Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.
Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.
Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.
Results: 4 Answers
Corporate Tax
1.
Basic framework
1.1
Is there a single tax regime or is the regime multi-level (eg, federal, state, city)?
 
United States
No answer submitted for this question.
1.2
What taxes (and rates) apply to corporate entities which are tax resident in your jurisdiction?
 
United States
No answer submitted for this question.
1.3
Is taxation based on revenue, profits, specific trade income, deemed profits or some other tax base?
 
United States
No answer submitted for this question.
1.4
Is there a different treatment based on the nature of the taxable income (eg, gains on assets as opposed to trading income or dividend income)?
 
United States
No answer submitted for this question.
1.5
Is the regime a worldwide or territorial regime, or a mixture?
 
United States
No answer submitted for this question.
1.6
Can losses be utilised and/or carried forward for tax purposes, and must these all be intra-jurisdiction (ie, foreign losses cannot be utilised domestically and vice versa)?
 
United States
No answer submitted for this question.
1.7
Is there a concept of beneficial ownership of taxable income or is it only the named or legal owner of the income that is taxed?
 
United States
No answer submitted for this question.
1.8
Do the rates change depending on the income or balance-sheet size of the taxpayer?
 
United States
No answer submitted for this question.
1.9
Are entities other than companies subject to corporate taxes (eg, partnerships or trusts)?
 
United States
No answer submitted for this question.
2.
Special regimes
2.1
What special regimes exist (eg, for fund entities, enterprise zones, free trade zones, investment in particular sectors such as oil and gas or other natural resources, shipping, insurance, securitisation, real estate or intellectual property)?
 
United States
No answer submitted for this question.
2.2
Is relief available for corporate reorganisations or intra-group transfers of companies and other assets? Please include details of any participation regime.
 
United States
No answer submitted for this question.
2.3
Can a taxpayer elect for alternative taxation regimes (eg, different ways to calculate the taxable base, such as revenue-based versus profits based or cash basis versus accounts basis)?
 
United States
No answer submitted for this question.
2.4
What are the rules for taxing corporates with different functional or reporting currency from that of the jurisdiction in which they are resident?
 
United States
No answer submitted for this question.
2.5
How are intangibles taxed?
 
United States
No answer submitted for this question.
2.6
Are corporate-level deductions available for contributions to pensions?
 
United States
No answer submitted for this question.
2.7
Are taxpayers from different sectors (eg, banking) subject to different or additional taxes or surtaxes?
 
United States
No answer submitted for this question.
2.8
Are there other surtaxes (eg, solidarity surtax, education tax, corporate net wealth tax, remittance tax)?
 
United States
No answer submitted for this question.
2.9
Are there any deemed deductions against corporate tax for equity?
 
United States
No answer submitted for this question.
3.
Investment in capital assets
3.1
How is investment in capital assets treated – does tax treatment follow the accounts (eg, depreciation) or are there specific rules about the write-off for tax purposes of investment in capital assets?
 
United States
No answer submitted for this question.
3.2
Are there research and development credits or other tax incentives for investment?
 
United States
No answer submitted for this question.
3.3
Are inventories subject to special tax or valuation rules?
 
United States
No answer submitted for this question.
3.4
Are derivatives subject to any specific tax rules?
 
United States
No answer submitted for this question.
4.
Cross-border treatment
4.1
On what basis are non-resident corporate entities subject to tax in your jurisdiction?
 
United States
No answer submitted for this question.
4.2
What withholding or excise taxes apply to payments by corporate taxpayers to non-residents?
 
United States
No answer submitted for this question.
4.3
Do double or multilateral tax treaties override domestic tax treatments?
 
United States
No answer submitted for this question.
4.4
In the absence of treaties, is there unilateral relief or credits for foreign taxes?
 
United States
No answer submitted for this question.
4.5
Do inbound corporate entities obtain a step-up in asset basis for tax purposes?
 
United States
No answer submitted for this question.
4.6
Are there exit taxes (for disposed-of assets or companies changing residence)?
 
United States
No answer submitted for this question.
5.
Anti-avoidance
5.1
Are there anti-avoidance rules applicable to corporate taxpayers – if so, are these case law (jurisprudence) or statutory, or both?
 
United States
No answer submitted for this question.
5.2
What are the main ‘general purpose’ anti-avoidance rules or regimes, based on either statute or cases?
 
United States
No answer submitted for this question.
5.3
What are the major anti-avoidance tax rules (eg, controlled foreign companies, transfer pricing (including thin capitalisation), anti-hybrid rules, limitations on losses or interest deductions)?
 
United States
No answer submitted for this question.
5.4
Is a ruling process available for specific corporate tax issues or desired domestic or cross-border tax treatments?
 
United States
No answer submitted for this question.
5.5
Is there a transfer pricing regime?
 
United States
No answer submitted for this question.
5.6
Are there statutory limitation periods?
 
United States
No answer submitted for this question.
6.
Compliance
6.1
What are the deadlines for filing company tax returns and paying the relevant tax?
 
United States
No answer submitted for this question.
6.2
What penalties exist for non-compliance, at corporate and executive level?
 
United States
No answer submitted for this question.
6.3
Is there a regime for reporting information at an international or other supranational level (eg, country-by-country reporting)?
 
United States
No answer submitted for this question.
7.
Consolidation
7.1
Is tax consolidation permitted, on either a tax liability or payment basis, or both?
 
United States
No answer submitted for this question.
8.
Indirect taxes
8.1
What indirect taxes (eg, goods or service tax, consumption tax, broadcasting tax, value added tax, excise tax) could a corporate taxpayer be exposed to?
 
United States
No answer submitted for this question.
8.2
Are transfer or other taxes due in relation to the transfer of interests in corporate entities?
 
United States
No answer submitted for this question.
9.
Trends and predictions
9.1
How would you describe the current tax landscape and prevailing trends in your jurisdiction? Are any new developments anticipated in the next 12 months, including any proposed legislative reforms?
 
United States
No answer submitted for this question.
10.
Tips and traps
10.1
What are your top tips for navigating the tax regime and what potential sticking points would you highlight?
 
United States
No answer submitted for this question.