The United States Department of State announced August 19 that it had notified the Hong Kong authorities of the suspension or termination of the agreement between the United States and Hong Kong for the reciprocal tax exemption for income derived from the international operation of ships. This action is in furtherance of The President’s Executive…

In preparation for a Senate hearing on corporate integration, the Staff of the Joint Committee on Taxation has published “Overview of Approaches to Corporate Integration.”  The paper is available. The Joint Committee’s analysis covers what is familiar ground for many, suggesting systems that have been tried and abandoned in some countries and systems still in effect in…