Overview of fundamental concepts. Introduction
Basic U.S. jurisdictional tax principles
Source rules
U.S. activities of foreign taxpayers. Taxing rules
The role of income tax treaties
Filing, withholding, and reporting requirements
Foreign activities of U.S. taxpayers. Introduction to U.S. business activity in foreign countries
The foreign tax credit
Intercompany pricing
Controlled foreign corporations and related provisions
Foreign currency
International tax-free transactions
Tax arbitrage and economic substance
International boycott and foreign bribery provisions.