id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
ftr-384	Repetti, James R.	Will U.S. Investments Go Abroad in a Territorial Tax: A Critique of the President's Advisory Panel on Tax Reform	2022	24	.pdf	application/pdf	10646	452	50	Royalty income is taxable in our current global system, but since a territorial system would lack foreign tax credits for income not subject to U.S. tax, the credit would not be available in a territorial system to shelter royalty income. After claiming the 1000 foreign tax credit, the taxpayer will still owe 500 in U.S. tax.	cache/ftr-384.pdf	txt/ftr-384.txt