Mr. Golbert, a Certified Specialist in Taxation Law, is a well known speaker on the subject of international taxation, Advisor Emeritus to the Executive Committee of the International Law Section of the State Bar of California, and the principal of Golbert & Associates in Los Angeles, where he practices international tax law.
I. Introduction
This paper will review the tax aspects of U.S. persons with foreign contacts and, as a reference to that, foreign persons with U.S. contacts. Although the discussion relates to the tax laws of the United States, that is frequently only half of the required discussion. Applicable foreign tax laws must be considered in any international transaction. Hence, the most that can be done here is to alert the reader to the problems, touch on the known U.S. tax issues presented and call attention to the flip side of the coin, some of the local law issues which must also be addressed. In this regard the Appendix to this paper is a glossary of the most
