A GUIDE FOR THE FOREIGN INVESTOR DOING BUSINESS IN THE U.S.A.【下载 pdf 百度网盘 epub 免费 2025 电子版 mobi 在线】

A GUIDE FOR THE FOREIGN INVESTOR DOING BUSINESS IN THE U.S.A.PDF格式电子书版下载

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Part I. Planning Topics1

1. Planning the Establishment of a U.S. Operation3

Establishing Your Strategy for Investing in the United States5

Conducting a Feasibility Investigation6

A Feasibility Study9

Summary21

2. Identifying and Evaluating Acquisition Candidates23

Acquisitions Are Strategic Decisions24

History of Acquisitions in the United States25

Acquisition27

Development of Acquisition Objectives by the Non-U.S. Firm28

Target Industry Analysis30

Characteristics of an Attractive Candidate31

Implementation: Evaluation-Pricing-Financing33

Why Some Mergers Fail to Fulfill Expectations35

Supplement: Sample Guideline for an Acquisition36

3. Active Investment Opportunities39

Introduction40

Oil and Gas Investment41

Types of Oil and Gas Interests42

The Investment Medium43

Types of Oil and Gas Programs44

Tax Consequences47

Intangible Drilling Costs and Other Tax Benefits48

Alternative Minimum Tax50

Real Estate Investment50

Types of Real Estate Investment51

Debt-Side Investment52

Combined Position Investment54

Conclusion55

Part II. Banking and Financing Topics57

4. Banking in the United States59

Foreign Investment in the United States60

Banking Industry61

Regulatory Environment62

Bank's Lending Function63

Borrower's Creditworthiness64

Pricing Loan67

Bank's Source of Funds68

Federal Reserve Impact on Bank Credit69

Bank Services70

Foreign Exchange72

Other Banking Services72

Alternative to Banks73

5. Government as a Financing Partner75

General Observations76

Overview77

Federal Financing Programs81

State and Local Government Sources85

Qualifying Criteria for Financial Aid85

New Programs86

Conclusion87

Part III. Legal Topics89

6. U.S. Treaty Agreements Affecting Foreign Investors91

U.S. Treaties and Statutory Law: A Subtle Relationship93

Treaties and the States-The Importance of U.S. Federalism96

The U.S. Approach to Interpreting Treaties98

The Possibility of "Borrowing" a U.S. Treaty98

Substantive Coverage: U.S. Income Tax Treaties as a Case in Point99

Conclusion105

7. Federal Laws and Regulations Restricting Foreign Investment106

Introduction108

Maritime Activities109

Energy and Natural Resources112

Environmental Restrictions115

Communications116

Air Transportation117

Banking118

Foreign Agents Registration Act122

Political Contribution123

Government Procurement and Benefits124

Trading with the Enemy Act125

Federal Securities Laws127

International Investment Survey Act of 1976129

Conclusion130

Notes131

8. U.S. Export Control139

History of Export Control140

The EAA142

Other Export Controls148

Conclusions148

Notes149

9. Export Financing155

Trading Financing through Commercial Banks156

Government Financing160

10. The U.S. Antitrust Laws167

The Basic Antitrust Legislation169

Antitrust Enforcement170

Foreign Commerce and Extraterritoriality172

Agreements in Restraint of Trade174

Monopoly179

Mergers and Acquisitions181

Patents190

Conclusion192

Notes192

11. Credit-An Essential Element of American Business195

Creditworthiness197

Categories of Credit199

Terms201

Business Forms203

Credit Analysis204

Conclusion207

Part IV. Tax and Accounting Topics209

12. U.S. Tax Aspects of Starting a Business in the United States211

Introduction212

Determining the Organizational Structure-Branch versus Subsidiary213

Licensing Technology224

Use of Partnership224

Use of Holding Companies226

Financing the U.S. Operations227

Start-Up Losses229

13. Tax Aspects of Acquiring a Business231

Introduction232

Stock Purchase versus Asset Purchase232

Tax-Free versus Taxable Acquisitions234

Special Election to Increase Basis237

Gains on Sales of Real Property Holding Companies238

Obtaining Deductions for Acquisition Indebtedness239

Attribute Carryovers245

Consolidated Tax Returns249

Foreign Subsidiaries and DISCs of U.S. Target250

Partnerships251

14. Taxation in the United States255

Introduction256

General Scheme of Federal Income Taxation257

Taxation of Domestic Corporations258

U.S. Income Taxation of U.S. Citizens and Resident Aliens277

U.S. Income Taxation of Nonresident Aliens283

Foreign Investment in U.S. Real Estate285

Gift and Estate Taxes286

State and Local Taxes291

15. U.S. Accounting and Reporting Requirements305

Background306

The Accounting Profession307

The Auditing Function308

Basic Financial Statements310

Basic Accounting Conventions315

Discussion of Selected Accounting Principles316

Statements of International Accounting Standards318

Acquisition of a Private Company319

Registration with the SEC319

Acquisition of a Publicly Held Company321

Stock Exchange Listing322

Part V. Labor Topics325

16. An Introduction to the Employment Laws of the United States for the Foreign Investor327

Introduction328

Collective Labor Relations: An Introduction to the Legal Process of Collective Bargaining329

The Individual Employment Contract and Social Legislation339

Equal Opportunity in Employment: The Discrimination Laws and the Impact of Civil Rights Legislation346

Importing Managerial, Executive, and Technical Personnel: Visa and Immigration Problems353

Conclusion355

Notes356

17. Compensation Practice in the United States359

Basic Compensation for Work Performed362

Employee Benefit Plan366

Bonus and Incentive Awards378

Stock Options and Long-Term Incentives383

Special Executive Benefits and Perquisites387

Conclusion388

18. Pension Planning in the United States391

The Role of Private Pensions in the United States392

The Tax Qualified Plan Concept394

Types of Qualified Retirement Plans396

ERISA-Employee Retirement Income Security Act402

Fiduciary Duties405

Investing Plan Assets409

Notes413

19. Nineteen Executive Recruitment in the United States415

Introduction416

Sources of Executive Candidates417

The Executive Search Consulting Profession420

Choosing the Executive Search Consultant423

The Executive Search Consulting Process424

Notes439

Part VI. Real Estate and Construction Topics441

20. Foreign Investment in Real Estate443

Reasons for Investing in Real Estate in the U.S.A.444

How Does the Foreign Investor Differ from His U.S. Counterpart?448

Residency and Using Real Estate Investment to Obtain Entry and Immigration to the United States451

Limitations on Foreign Investment in Real Estate453

Foreign Investment in Real Property Tax Act and Disclosure454

Joint Ventures and Partnerships with U.S. Developments and Syndicators457

Personal Liability458

Duties and Obligations of U.S. Advisors to the Foreign Investor463

Future Trends in U.S. Real Estate464

21. Locating a Site469

Preface470

Introduction471

The Planning Process471

The Site-Selection Process473

Acquisition of the Site478

Alternatives to Site Acquisition480

Suggested Additional Reading Material481

22. Managing Property in the United States483

Introduction484

Factors to Consider before Purchasing Property in America485

Portfolio Manager's Role487

Management Issues after Property Is Purchased489

Performance Analysis495

Summary496

23. Development and Construction in the United States499

The Real Estate Development Environment in the United States500

Justifying the Project from a Marketing Viewpoint505

Financing the Project509

Selecting the Architect and the Contractor513

The Construction Environment in the United States518

Justifying the Project from the Financial Viewpoint527

Methods of Evaluation527

Tax Considerations for Contractors in the United States533

Controlling Costs during Construction536

Management of Real Estate541

Notes544

Part VII. Mass Communications545

24. Mass Communications in America547

The U.S. Communications Environment549

The Nation's Media550

Dealing with the Media551

Communicating with Shareholders553

The Financial Press554

Communicating with Security Analysts556

Communicating with Individual Investors558

The Role of Financial Advertising558

Communicating with Employees559

Communicating with Special Interest Groups560

Communicating with Dealers and Distributors561

Communicating with Suppliers561

Communicating with Regulatory and Legislative Bodies561

Handling Communicating in Crisis562

Selecting Communications Counsel563

Part VIII. Insurance565

25. The Revolution in the U.S. Insurance Industry567

Analyzing the Forces of Change571

What Should the Insurance Business Be?573

The Road Back...The Road Ahead575

World Insurance Markets: A Healthy Outlook578

If We Can Do It There, Why Not Here?580

The Future: Fewer Companies...but (Hopefully) Better583

Index587