The main purpose of International Taxation Core Concepts, Second Edition is to show business managers, CEOs, and CFOs how tax laws affect global management decision-making. The book also serves as a training manual or reference guide for professionals such as accountants, lawyers, enrolled agents, and other tax advisors who wish to gain insight into the field of international taxation.

Topics in this edition include:

• The role of tax in global management
• Tax efficiency v. decimation by taxation
• Steps to choose the right methods to calculate transfer price to avoid fiscal crevices
• Global tax planning
• Taxation of business profits under the Canada-U.S. tax treaty
• Tax and cross-border financial issues with the U.S.
• Foreign reporting under U.S. and Canadian Tax Law, covering:
  • Passive Foreign Investment Company (PFIC)
  • Foreign Bank Accounts and Financial Accounts Report (FBAR)
  • Bank Secrecy Act (BSA)
  • 2012 Offshore Voluntary Disclosure Program (2012 OVDP)
  • Tax Treaties and Tax Information Exchange Agreements (TIEAs)
  • Common Reporting Standard (CRS)
  • Key differences between FATCA and the Common Reporting Standard
• Key international tax issues, and much more