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TAXATION US OF FOREIGN INCOME

Chia sẻ: Lay On | Ngày: | Loại File: PDF | Số trang:339

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In the aftermath of World War II, the United States enjoyed an easy preeminence in the world economy. Neither the US education system, nor the US tax system, nor American savings habits were criticized on grounds of international competitiveness. During the 1980s, however, Americans took notice of their faults as Japan and the European Union both seemed destined to challenge US preeminence. For different reasons neither Japan nor the European Union prospered during the 1990s but the US economy thrived on a technology boom. Thus, at the turn of the cen- tury, it seemed that economic challengers were falling behind. American complacency was short-lived, however, as the...

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