U.S. - Source Interest Income from a Lending Business

Zhu, Jonathan; Shen, Myra; Dick, Brett

Abstract

Footnotes (41)

Download This Paper | Share | Email |Add to Briefcase

U.S. - Source Interest Income from a Lending Business

Jones Day

November 16, 2009

Tax Notes, Vol. 125, No. 7, p. 785, 2009

Abstract:
A recent chief counsel memorandum held that U.S. - source interest income of a foreign corporation is income effectively connected with that corporation's lending business. This article evaluates the analysis of the memorandum and concludes that its position is incorrect under current law.

Number of Pages in PDF File: 6

Keywords: effectively connected income, U.S. trade or business, lending business

JEL Classification: K34

Accepted Paper Series

Download This Paper

Date posted: December 30, 2009

Suggested Citation

Zhu, Jonathan, Shen, Myra Sutanto and Dick, Brett R., U.S. - Source Interest Income from a Lending Business (November 16, 2009). Tax Notes, Vol. 125, No. 7, p. 785, 2009. Available at SSRN: http://ssrn.com/abstract=1529530

Contact Information

Jonathan Zhu (Contact Author) Wilson Sonsini Goodrich & Rosati ( email ) 650 Page Mill Rd Palo Alto, CA 94304-1050 United States
Myra Sutanto Shen Wilson Sonsini Goodrich & Rosati ( email ) 650 Page Mill Rd Palo Alto, CA 94304-1050 United States
Brett R. Dick Jones Day ( email ) 51 Louisiana Avenue Northwest Washington, DC 20001 United States

Abstract

Footnotes (41)

U.S. - Source Interest Income from a Lending Business

Jonathan Zhu

Myra Sutanto Shen

Brett R. Dick

Date posted: December 30, 2009

Suggested Citation

Contact Information

Jonathan Zhu (Contact Author)

Myra Sutanto Shen

Brett R. Dick