In This Review

U.S. Taxation of International Income
U.S. Taxation of International Income
By Gary Clyde Hufbauer
Institute for International Economics, 1992, 275 pp

Proposals for major reforms in American taxation, analysis of existing laws and practice, and arguments about the pros and cons of alternatives combine to make this a most useful book in a field usually closed to all but specialists. Foreign investments in the United States, American investments abroad and the earnings of American companies from exports and other foreign transactions are all examined with an eye toward constucting a new system that will advance American prosperity, promote an open international system and make the United States more competitive without loss of revenue.