id	sid	tid	token	lemma	pos
ftr-323	1	1	florida	florida	PROPN
ftr-323	1	2	tax	tax	PROPN
ftr-323	1	3	review	review	PROPN
ftr-323	1	4	florida	florida	PROPN
ftr-323	1	5	tax	tax	NOUN
ftr-323	1	6	review	review	NOUN
ftr-323	1	7	volume	volume	NOUN
ftr-323	1	8	13	13	NUM
ftr-323	1	9	2012	2012	NUM
ftr-323	1	10	number	number	NOUN
ftr-323	1	11	8	8	NUM
ftr-323	1	12	397	397	NUM
ftr-323	1	13	designing	design	VERB
ftr-323	1	14	a	a	DET
ftr-323	1	15	u.s	u.s	PROPN
ftr-323	1	16	.	.	PROPN
ftr-323	1	17	exemption	exemption	NOUN
ftr-323	1	18	system	system	NOUN
ftr-323	1	19	for	for	ADP
ftr-323	1	20	foreign	foreign	ADJ
ftr-323	1	21	income	income	NOUN
ftr-323	1	22	when	when	SCONJ
ftr-323	1	23	the	the	DET
ftr-323	1	24	treasury	treasury	NOUN
ftr-323	1	25	is	be	AUX
ftr-323	1	26	empty	empty	ADJ
ftr-323	1	27	*	*	PUNCT
ftr-323	1	28	by	by	ADP
ftr-323	1	29	j.	j.	PROPN
ftr-323	1	30	clifton	clifton	PROPN
ftr-323	1	31	fleming	fleming	PROPN
ftr-323	1	32	,	,	PUNCT
ftr-323	1	33	jr	jr	PROPN
ftr-323	1	34	.	.	PROPN
ftr-323	1	35	*	*	PUNCT
ftr-323	2	1	*	*	PUNCT
ftr-323	2	2	robert	robert	PROPN
ftr-323	2	3	j.	j.	PROPN
ftr-323	2	4	peroni	peroni	PROPN
ftr-323	2	5	*	*	PROPN
ftr-323	2	6	*	*	PROPN
ftr-323	2	7	*	*	PROPN
ftr-323	2	8	stephen	stephen	PROPN
ftr-323	2	9	e.	e.	PROPN
ftr-323	2	10	shay	shay	PROPN
ftr-323	2	11	*	*	PROPN
ftr-323	2	12	*	*	PROPN
ftr-323	2	13	*	*	PUNCT
ftr-323	2	14	*	*	PUNCT
ftr-323	2	15	i.	i.	NOUN
ftr-323	2	16	introduction	introduction	NOUN
ftr-323	2	17	.............................................................................	.............................................................................	PUNCT
ftr-323	2	18	398	398	NUM
ftr-323	2	19	ii	ii	NOUN
ftr-323	2	20	.	.	PUNCT
ftr-323	3	1	the	the	DET
ftr-323	3	2	double	double	ADJ
ftr-323	3	3	taxation	taxation	NOUN
ftr-323	3	4	conundrum	conundrum	NOUN
ftr-323	3	5	.......................................	.......................................	PUNCT
ftr-323	3	6	401	401	NUM
ftr-323	3	7	iii	iii	NOUN
ftr-323	3	8	.	.	PUNCT
ftr-323	4	1	the	the	DET
ftr-323	4	2	international	international	ADJ
ftr-323	4	3	law	law	NOUN
ftr-323	4	4	solution	solution	NOUN
ftr-323	4	5	........................................	........................................	PUNCT
ftr-323	4	6	402	402	NUM
ftr-323	4	7	iv	iv	NOUN
ftr-323	4	8	.	.	PUNCT
ftr-323	5	1	flirting	flirt	VERB
ftr-323	5	2	with	with	ADP
ftr-323	5	3	a	a	DET
ftr-323	5	4	flawed	flawed	ADJ
ftr-323	5	5	territoriality	territoriality	NOUN
ftr-323	5	6	...........................	...........................	PUNCT
ftr-323	5	7	403	403	NUM
ftr-323	5	8	v.	v.	ADP
ftr-323	5	9	going	go	VERB
ftr-323	5	10	territorial	territorial	ADJ
ftr-323	5	11	in	in	ADP
ftr-323	5	12	the	the	DET
ftr-323	5	13	midst	midst	NOUN
ftr-323	5	14	of	of	ADP
ftr-323	5	15	a	a	DET
ftr-323	5	16	current	current	ADJ
ftr-323	5	17	and	and	CCONJ
ftr-323	5	18	long	long	ADV
ftr-323	5	19	-	-	PUNCT
ftr-323	5	20	run	run	VERB
ftr-323	5	21	fiscal	fiscal	ADJ
ftr-323	5	22	crisis	crisis	NOUN
ftr-323	5	23	...........................................................	...........................................................	PUNCT
ftr-323	5	24	406	406	NUM
ftr-323	5	25	a.	a.	NOUN
ftr-323	5	26	dimensions	dimension	NOUN
ftr-323	5	27	of	of	ADP
ftr-323	5	28	the	the	DET
ftr-323	5	29	crisis	crisis	NOUN
ftr-323	5	30	...................................................	...................................................	PUNCT
ftr-323	6	1	406	406	NUM
ftr-323	6	2	b.	b.	NOUN
ftr-323	6	3	forfeiting	forfeit	VERB
ftr-323	6	4	the	the	DET
ftr-323	6	5	residual	residual	ADJ
ftr-323	6	6	tax	tax	NOUN
ftr-323	6	7	..............................................	..............................................	PUNCT
ftr-323	6	8	408	408	NUM
ftr-323	6	9	c.	c.	NOUN
ftr-323	6	10	gaining	gain	VERB
ftr-323	6	11	revenue	revenue	NOUN
ftr-323	6	12	by	by	ADP
ftr-323	6	13	switching	switch	VERB
ftr-323	6	14	to	to	ADP
ftr-323	6	15	a	a	DET
ftr-323	6	16	zero	zero	NUM
ftr-323	6	17	rate	rate	NOUN
ftr-323	6	18	.................	.................	PUNCT
ftr-323	6	19	410	410	NUM
ftr-323	6	20	*	*	PUNCT
ftr-323	6	21	copyright	copyright	NOUN
ftr-323	6	22	©	©	PROPN
ftr-323	6	23	by	by	ADP
ftr-323	6	24	j.	j.	PROPN
ftr-323	6	25	clifton	clifton	PROPN
ftr-323	6	26	fleming	fleming	PROPN
ftr-323	6	27	,	,	PUNCT
ftr-323	6	28	jr	jr	PROPN
ftr-323	6	29	.	.	PROPN
ftr-323	6	30	,	,	PUNCT
ftr-323	6	31	robert	robert	PROPN
ftr-323	6	32	j.	j.	PROPN
ftr-323	6	33	peroni	peroni	PROPN
ftr-323	6	34	,	,	PUNCT
ftr-323	6	35	and	and	CCONJ
ftr-323	6	36	stephen	stephen	PROPN
ftr-323	6	37	e.	e.	PROPN
ftr-323	6	38	shay	shay	PROPN
ftr-323	6	39	.	.	PUNCT
ftr-323	7	1	all	all	DET
ftr-323	7	2	rights	right	NOUN
ftr-323	7	3	reserved	reserve	VERB
ftr-323	7	4	.	.	PUNCT
ftr-323	8	1	for	for	ADP
ftr-323	8	2	helpful	helpful	ADJ
ftr-323	8	3	comments	comment	NOUN
ftr-323	8	4	on	on	ADP
ftr-323	8	5	earlier	early	ADJ
ftr-323	8	6	drafts	draft	NOUN
ftr-323	8	7	of	of	ADP
ftr-323	8	8	this	this	DET
ftr-323	8	9	article	article	NOUN
ftr-323	8	10	,	,	PUNCT
ftr-323	8	11	we	we	PRON
ftr-323	8	12	thank	thank	VERB
ftr-323	8	13	participants	participant	NOUN
ftr-323	8	14	at	at	ADP
ftr-323	8	15	a	a	DET
ftr-323	8	16	taxation	taxation	NOUN
ftr-323	8	17	law	law	NOUN
ftr-323	8	18	panel	panel	NOUN
ftr-323	8	19	of	of	ADP
ftr-323	8	20	the	the	DET
ftr-323	8	21	law	law	PROPN
ftr-323	8	22	&	&	CCONJ
ftr-323	8	23	society	society	PROPN
ftr-323	8	24	association	association	PROPN
ftr-323	8	25	annual	annual	ADJ
ftr-323	8	26	meeting	meeting	NOUN
ftr-323	8	27	in	in	ADP
ftr-323	8	28	chicago	chicago	PROPN
ftr-323	8	29	on	on	ADP
ftr-323	8	30	may	may	PROPN
ftr-323	8	31	29	29	NUM
ftr-323	8	32	,	,	PUNCT
ftr-323	8	33	2010	2010	NUM
ftr-323	8	34	,	,	PUNCT
ftr-323	8	35	participants	participant	NOUN
ftr-323	8	36	at	at	ADP
ftr-323	8	37	a	a	DET
ftr-323	8	38	brigham	brigham	PROPN
ftr-323	8	39	young	young	ADJ
ftr-323	8	40	university	university	NOUN
ftr-323	8	41	law	law	NOUN
ftr-323	8	42	school	school	NOUN
ftr-323	8	43	workshop	workshop	NOUN
ftr-323	8	44	on	on	ADP
ftr-323	8	45	june	june	PROPN
ftr-323	8	46	3	3	NUM
ftr-323	8	47	,	,	PUNCT
ftr-323	8	48	2010	2010	NUM
ftr-323	8	49	,	,	PUNCT
ftr-323	8	50	participants	participant	NOUN
ftr-323	8	51	at	at	ADP
ftr-323	8	52	the	the	DET
ftr-323	8	53	tulane	tulane	PROPN
ftr-323	8	54	university	university	PROPN
ftr-323	8	55	law	law	NOUN
ftr-323	8	56	school	school	NOUN
ftr-323	8	57	tax	tax	NOUN
ftr-323	8	58	roundtable	roundtable	NOUN
ftr-323	8	59	in	in	ADP
ftr-323	8	60	march	march	PROPN
ftr-323	8	61	2011	2011	NUM
ftr-323	8	62	,	,	PUNCT
ftr-323	8	63	participants	participant	NOUN
ftr-323	8	64	at	at	ADP
ftr-323	8	65	the	the	DET
ftr-323	8	66	seventh	seventh	ADJ
ftr-323	8	67	annual	annual	ADJ
ftr-323	8	68	international	international	ADJ
ftr-323	8	69	tax	tax	NOUN
ftr-323	8	70	symposium	symposium	NOUN
ftr-323	8	71	at	at	ADP
ftr-323	8	72	the	the	DET
ftr-323	8	73	levin	levin	PROPN
ftr-323	8	74	college	college	PROPN
ftr-323	8	75	of	of	ADP
ftr-323	8	76	law	law	NOUN
ftr-323	8	77	on	on	ADP
ftr-323	8	78	october	october	PROPN
ftr-323	8	79	7	7	NUM
ftr-323	8	80	,	,	PUNCT
ftr-323	8	81	2011	2011	NUM
ftr-323	8	82	,	,	PUNCT
ftr-323	8	83	and	and	CCONJ
ftr-323	8	84	participants	participant	NOUN
ftr-323	8	85	at	at	ADP
ftr-323	8	86	the	the	DET
ftr-323	8	87	conference	conference	NOUN
ftr-323	8	88	on	on	ADP
ftr-323	8	89	company	company	NOUN
ftr-323	8	90	law	law	NOUN
ftr-323	8	91	and	and	CCONJ
ftr-323	8	92	tax	tax	NOUN
ftr-323	8	93	law	law	NOUN
ftr-323	8	94	in	in	ADP
ftr-323	8	95	the	the	DET
ftr-323	8	96	post	post	ADJ
ftr-323	8	97	-	-	ADJ
ftr-323	8	98	gfc	gfc	ADJ
ftr-323	8	99	era	era	NOUN
ftr-323	8	100	,	,	PUNCT
ftr-323	8	101	sponsored	sponsor	VERB
ftr-323	8	102	by	by	ADP
ftr-323	8	103	monash	monash	PROPN
ftr-323	8	104	university	university	PROPN
ftr-323	8	105	,	,	PUNCT
ftr-323	8	106	in	in	ADP
ftr-323	8	107	prato	prato	PROPN
ftr-323	8	108	,	,	PUNCT
ftr-323	8	109	italy	italy	PROPN
ftr-323	8	110	,	,	PUNCT
ftr-323	8	111	on	on	ADP
ftr-323	8	112	september	september	PROPN
ftr-323	8	113	24	24	NUM
ftr-323	8	114	-	-	SYM
ftr-323	8	115	25	25	NUM
ftr-323	8	116	,	,	PUNCT
ftr-323	8	117	2012	2012	NUM
ftr-323	8	118	.	.	PUNCT
ftr-323	9	1	*	*	PUNCT
ftr-323	9	2	*	*	PUNCT
ftr-323	9	3	ernest	ernest	PROPN
ftr-323	9	4	l.	l.	PROPN
ftr-323	9	5	wilkinson	wilkinson	PROPN
ftr-323	9	6	chair	chair	PROPN
ftr-323	9	7	and	and	CCONJ
ftr-323	9	8	professor	professor	NOUN
ftr-323	9	9	of	of	ADP
ftr-323	9	10	law	law	NOUN
ftr-323	9	11	,	,	PUNCT
ftr-323	9	12	j.	j.	PROPN
ftr-323	9	13	reuben	reuben	PROPN
ftr-323	9	14	clark	clark	PROPN
ftr-323	9	15	law	law	PROPN
ftr-323	9	16	school	school	NOUN
ftr-323	9	17	,	,	PUNCT
ftr-323	9	18	brigham	brigham	PROPN
ftr-323	9	19	young	young	PROPN
ftr-323	9	20	university	university	NOUN
ftr-323	9	21	;	;	PUNCT
ftr-323	9	22	adjunct	adjunct	ADJ
ftr-323	9	23	research	research	NOUN
ftr-323	9	24	fellow	fellow	NOUN
ftr-323	9	25	,	,	PUNCT
ftr-323	9	26	department	department	NOUN
ftr-323	9	27	of	of	ADP
ftr-323	9	28	business	business	NOUN
ftr-323	9	29	law	law	NOUN
ftr-323	9	30	and	and	CCONJ
ftr-323	9	31	taxation	taxation	NOUN
ftr-323	9	32	,	,	PUNCT
ftr-323	9	33	monash	monash	PROPN
ftr-323	9	34	university	university	PROPN
ftr-323	9	35	.	.	PUNCT
ftr-323	10	1	*	*	PUNCT
ftr-323	10	2	*	*	PUNCT
ftr-323	10	3	*	*	PUNCT
ftr-323	10	4	fondren	fondren	PROPN
ftr-323	10	5	foundation	foundation	PROPN
ftr-323	10	6	centennial	centennial	PROPN
ftr-323	10	7	chair	chair	NOUN
ftr-323	10	8	for	for	ADP
ftr-323	10	9	faculty	faculty	NOUN
ftr-323	10	10	excellence	excellence	NOUN
ftr-323	10	11	and	and	CCONJ
ftr-323	10	12	professor	professor	NOUN
ftr-323	10	13	of	of	ADP
ftr-323	10	14	law	law	NOUN
ftr-323	10	15	,	,	PUNCT
ftr-323	10	16	the	the	DET
ftr-323	10	17	university	university	PROPN
ftr-323	10	18	of	of	ADP
ftr-323	10	19	texas	texas	PROPN
ftr-323	10	20	school	school	PROPN
ftr-323	10	21	of	of	ADP
ftr-323	10	22	law	law	NOUN
ftr-323	10	23	;	;	PUNCT
ftr-323	10	24	adjunct	adjunct	ADJ
ftr-323	10	25	research	research	NOUN
ftr-323	10	26	fellow	fellow	NOUN
ftr-323	10	27	,	,	PUNCT
ftr-323	10	28	department	department	NOUN
ftr-323	10	29	of	of	ADP
ftr-323	10	30	business	business	NOUN
ftr-323	10	31	law	law	NOUN
ftr-323	10	32	and	and	CCONJ
ftr-323	10	33	taxation	taxation	NOUN
ftr-323	10	34	,	,	PUNCT
ftr-323	10	35	monash	monash	PROPN
ftr-323	10	36	university	university	PROPN
ftr-323	10	37	.	.	PUNCT
ftr-323	11	1	professor	professor	PROPN
ftr-323	11	2	peroni	peroni	PROPN
ftr-323	11	3	thanks	thank	NOUN
ftr-323	11	4	former	former	ADJ
ftr-323	11	5	dean	dean	PROPN
ftr-323	11	6	lawrence	lawrence	PROPN
ftr-323	11	7	sager	sager	PROPN
ftr-323	11	8	,	,	PUNCT
ftr-323	11	9	former	former	ADJ
ftr-323	11	10	interim	interim	ADJ
ftr-323	11	11	dean	dean	PROPN
ftr-323	11	12	stefanie	stefanie	PROPN
ftr-323	11	13	lindquist	lindquist	PROPN
ftr-323	11	14	,	,	PUNCT
ftr-323	11	15	and	and	CCONJ
ftr-323	11	16	dean	dean	PROPN
ftr-323	11	17	ward	ward	PROPN
ftr-323	11	18	farnsworth	farnsworth	NOUN
ftr-323	11	19	for	for	ADP
ftr-323	11	20	their	their	PRON
ftr-323	11	21	generous	generous	ADJ
ftr-323	11	22	research	research	NOUN
ftr-323	11	23	support	support	NOUN
ftr-323	11	24	and	and	CCONJ
ftr-323	11	25	melissa	melissa	PROPN
ftr-323	11	26	bernstein	bernstein	PROPN
ftr-323	11	27	,	,	PUNCT
ftr-323	11	28	his	his	PRON
ftr-323	11	29	former	former	ADJ
ftr-323	11	30	university	university	PROPN
ftr-323	11	31	of	of	ADP
ftr-323	11	32	texas	texas	PROPN
ftr-323	11	33	law	law	PROPN
ftr-323	11	34	library	library	NOUN
ftr-323	11	35	liaison	liaison	NOUN
ftr-323	11	36	,	,	PUNCT
ftr-323	11	37	for	for	ADP
ftr-323	11	38	her	her	PRON
ftr-323	11	39	research	research	NOUN
ftr-323	11	40	assistance	assistance	NOUN
ftr-323	11	41	.	.	PUNCT
ftr-323	12	1	professor	professor	NOUN
ftr-323	12	2	peroni	peroni	PROPN
ftr-323	12	3	dedicates	dedicate	VERB
ftr-323	12	4	this	this	DET
ftr-323	12	5	article	article	NOUN
ftr-323	12	6	to	to	ADP
ftr-323	12	7	his	his	PRON
ftr-323	12	8	loving	loving	ADJ
ftr-323	12	9	parents	parent	NOUN
ftr-323	12	10	,	,	PUNCT
ftr-323	12	11	betty	betty	PROPN
ftr-323	12	12	peroni	peroni	PROPN
ftr-323	12	13	and	and	CCONJ
ftr-323	12	14	the	the	DET
ftr-323	12	15	late	late	PROPN
ftr-323	12	16	emil	emil	PROPN
ftr-323	12	17	peroni	peroni	PROPN
ftr-323	12	18	,	,	PUNCT
ftr-323	12	19	for	for	ADP
ftr-323	12	20	their	their	PRON
ftr-323	12	21	tremendous	tremendous	ADJ
ftr-323	12	22	support	support	NOUN
ftr-323	12	23	and	and	CCONJ
ftr-323	12	24	inspiration	inspiration	NOUN
ftr-323	12	25	over	over	ADP
ftr-323	12	26	the	the	DET
ftr-323	12	27	years	year	NOUN
ftr-323	12	28	.	.	PUNCT
ftr-323	13	1	*	*	PUNCT
ftr-323	13	2	*	*	PUNCT
ftr-323	13	3	*	*	PUNCT
ftr-323	13	4	*	*	PUNCT
ftr-323	13	5	professor	professor	NOUN
ftr-323	13	6	of	of	ADP
ftr-323	13	7	practice	practice	NOUN
ftr-323	13	8	,	,	PUNCT
ftr-323	13	9	harvard	harvard	PROPN
ftr-323	13	10	law	law	PROPN
ftr-323	13	11	school	school	NOUN
ftr-323	13	12	.	.	PUNCT
ftr-323	14	1	professor	professor	NOUN
ftr-323	14	2	shay	shay	PROPN
ftr-323	14	3	thanks	thanks	PROPN
ftr-323	14	4	the	the	DET
ftr-323	14	5	harvard	harvard	PROPN
ftr-323	14	6	law	law	PROPN
ftr-323	14	7	school	school	NOUN
ftr-323	14	8	and	and	CCONJ
ftr-323	14	9	the	the	DET
ftr-323	14	10	harvard	harvard	PROPN
ftr-323	14	11	fund	fund	PROPN
ftr-323	14	12	for	for	ADP
ftr-323	14	13	tax	tax	NOUN
ftr-323	14	14	policy	policy	NOUN
ftr-323	14	15	research	research	NOUN
ftr-323	14	16	for	for	ADP
ftr-323	14	17	summer	summer	NOUN
ftr-323	14	18	research	research	NOUN
ftr-323	14	19	assistance	assistance	NOUN
ftr-323	14	20	.	.	PUNCT
ftr-323	15	1	398	398	NUM
ftr-323	15	2	florida	florida	PROPN
ftr-323	15	3	tax	tax	NOUN
ftr-323	15	4	review	review	NOUN
ftr-323	15	5	[	[	X
ftr-323	15	6	vol	vol	NOUN
ftr-323	15	7	.	.	PUNCT
ftr-323	16	1	13:8	13:8	NUM
ftr-323	16	2	d.	d.	PROPN
ftr-323	16	3	goodbye	goodbye	NOUN
ftr-323	16	4	to	to	ADP
ftr-323	16	5	the	the	DET
ftr-323	16	6	revenue	revenue	NOUN
ftr-323	16	7	gain	gain	NOUN
ftr-323	16	8	...........................................	...........................................	PUNCT
ftr-323	16	9	411	411	NUM
ftr-323	16	10	e.	e.	PROPN
ftr-323	16	11	principles	principle	NOUN
ftr-323	16	12	for	for	ADP
ftr-323	16	13	preserving	preserve	VERB
ftr-323	16	14	the	the	DET
ftr-323	16	15	revenue	revenue	NOUN
ftr-323	16	16	gain	gain	NOUN
ftr-323	16	17	.....................	.....................	PUNCT
ftr-323	17	1	412	412	NUM
ftr-323	17	2	vi	vi	NOUN
ftr-323	17	3	.	.	PUNCT
ftr-323	18	1	a	a	DET
ftr-323	18	2	principled	principled	ADJ
ftr-323	18	3	dividend	dividend	NOUN
ftr-323	18	4	exemption	exemption	NOUN
ftr-323	18	5	system	system	NOUN
ftr-323	18	6	.........................	.........................	PUNCT
ftr-323	18	7	413	413	NUM
ftr-323	18	8	a.	a.	NOUN
ftr-323	18	9	dividends	dividend	NOUN
ftr-323	18	10	out	out	ADP
ftr-323	18	11	of	of	ADP
ftr-323	18	12	what	what	PRON
ftr-323	18	13	?	?	PUNCT
ftr-323	18	14	....................................................	....................................................	PUNCT
ftr-323	19	1	413	413	NUM
ftr-323	19	2	1	1	NUM
ftr-323	19	3	.	.	PUNCT
ftr-323	20	1	active	active	ADJ
ftr-323	20	2	income	income	NOUN
ftr-323	20	3	that	that	PRON
ftr-323	20	4	does	do	AUX
ftr-323	20	5	not	not	PART
ftr-323	20	6	bear	bear	VERB
ftr-323	20	7	a	a	DET
ftr-323	20	8	meaningful	meaningful	ADJ
ftr-323	20	9	foreign	foreign	ADJ
ftr-323	20	10	tax	tax	NOUN
ftr-323	20	11	......................................	......................................	PUNCT
ftr-323	20	12	413	413	NUM
ftr-323	20	13	2	2	NUM
ftr-323	20	14	.	.	PUNCT
ftr-323	20	15	passive	passive	ADJ
ftr-323	20	16	income	income	NOUN
ftr-323	20	17	....................................................	....................................................	PUNCT
ftr-323	20	18	426	426	NUM
ftr-323	20	19	b.	b.	NOUN
ftr-323	20	20	who	who	PRON
ftr-323	20	21	qualifies	qualify	VERB
ftr-323	20	22	?	?	PUNCT
ftr-323	20	23	.................................................................	.................................................................	PUNCT
ftr-323	21	1	428	428	NUM
ftr-323	21	2	1	1	X
ftr-323	21	3	.	.	PUNCT
ftr-323	21	4	corporate	corporate	ADJ
ftr-323	21	5	shareholders	shareholder	NOUN
ftr-323	21	6	......................................	......................................	PUNCT
ftr-323	21	7	428	428	NUM
ftr-323	21	8	2	2	X
ftr-323	21	9	.	.	PUNCT
ftr-323	21	10	individual	individual	ADJ
ftr-323	21	11	shareholders	shareholder	NOUN
ftr-323	21	12	.......................................	.......................................	PUNCT
ftr-323	21	13	430	430	NUM
ftr-323	21	14	c.	c.	NOUN
ftr-323	21	15	should	should	AUX
ftr-323	21	16	royalty	royalty	NOUN
ftr-323	21	17	,	,	PUNCT
ftr-323	21	18	interest	interest	NOUN
ftr-323	21	19	,	,	PUNCT
ftr-323	21	20	and	and	CCONJ
ftr-323	21	21	services	service	NOUN
ftr-323	21	22	payments	payment	NOUN
ftr-323	21	23	from	from	ADP
ftr-323	21	24	foreign	foreign	ADJ
ftr-323	21	25	corporations	corporation	NOUN
ftr-323	21	26	qualify	qualify	VERB
ftr-323	21	27	for	for	ADP
ftr-323	21	28	exemption	exemption	NOUN
ftr-323	21	29	?	?	PUNCT
ftr-323	22	1	........	........	PUNCT
ftr-323	23	1	431	431	NUM
ftr-323	23	2	1	1	NUM
ftr-323	23	3	.	.	PUNCT
ftr-323	23	4	royalties	royalty	NOUN
ftr-323	23	5	...............................................................	...............................................................	PUNCT
ftr-323	23	6	431	431	NUM
ftr-323	23	7	2	2	NUM
ftr-323	23	8	.	.	PUNCT
ftr-323	23	9	other	other	ADJ
ftr-323	23	10	untaxed	untaxed	ADJ
ftr-323	23	11	foreign	foreign	ADJ
ftr-323	23	12	income	income	NOUN
ftr-323	23	13	...........................	...........................	PUNCT
ftr-323	23	14	435	435	NUM
ftr-323	23	15	3	3	NUM
ftr-323	23	16	.	.	PUNCT
ftr-323	23	17	export	export	NOUN
ftr-323	23	18	sales	sale	NOUN
ftr-323	23	19	.........................................................	.........................................................	PUNCT
ftr-323	23	20	435	435	NUM
ftr-323	23	21	4	4	NUM
ftr-323	23	22	.	.	PUNCT
ftr-323	23	23	indifference	indifference	NOUN
ftr-323	23	24	to	to	ADP
ftr-323	23	25	foreign	foreign	ADJ
ftr-323	23	26	taxes	taxis	NOUN
ftr-323	23	27	..............................	..............................	PUNCT
ftr-323	24	1	439	439	NUM
ftr-323	24	2	d.	d.	NOUN
ftr-323	24	3	gain	gain	NOUN
ftr-323	24	4	(	(	PUNCT
ftr-323	24	5	or	or	CCONJ
ftr-323	24	6	loss	loss	NOUN
ftr-323	24	7	)	)	PUNCT
ftr-323	24	8	from	from	ADP
ftr-323	24	9	the	the	DET
ftr-323	24	10	sale	sale	NOUN
ftr-323	24	11	of	of	ADP
ftr-323	24	12	stock	stock	NOUN
ftr-323	24	13	of	of	ADP
ftr-323	24	14	a	a	DET
ftr-323	24	15	cfc	cfc	NOUN
ftr-323	24	16	...............	...............	PUNCT
ftr-323	24	17	439	439	NUM
ftr-323	24	18	vii	vii	PROPN
ftr-323	24	19	.	.	PUNCT
ftr-323	24	20	branch	branch	NOUN
ftr-323	24	21	exemption	exemption	NOUN
ftr-323	24	22	...................................................................	...................................................................	PUNCT
ftr-323	24	23	441	441	NUM
ftr-323	24	24	viii	viii	ADJ
ftr-323	24	25	.	.	PUNCT
ftr-323	25	1	certain	certain	ADJ
ftr-323	25	2	structural	structural	ADJ
ftr-323	25	3	issues	issue	NOUN
ftr-323	25	4	....................................................	....................................................	PUNCT
ftr-323	25	5	445	445	NUM
ftr-323	25	6	a.	a.	NOUN
ftr-323	25	7	export	export	NOUN
ftr-323	25	8	sales	sale	NOUN
ftr-323	25	9	redux	redux	PROPN
ftr-323	25	10	...........................................................	...........................................................	PUNCT
ftr-323	25	11	446	446	NUM
ftr-323	25	12	b.	b.	NOUN
ftr-323	25	13	misallocated	misallocate	VERB
ftr-323	25	14	expenses	expense	NOUN
ftr-323	25	15	......................................................	......................................................	PUNCT
ftr-323	25	16	448	448	NUM
ftr-323	25	17	c.	c.	NOUN
ftr-323	25	18	foreign	foreign	ADJ
ftr-323	25	19	losses	loss	NOUN
ftr-323	25	20	..................................................................	..................................................................	PUNCT
ftr-323	26	1	452	452	NUM
ftr-323	26	2	ix	ix	ADJ
ftr-323	26	3	.	.	PUNCT
ftr-323	27	1	competitiveness	competitiveness	NOUN
ftr-323	27	2	vs.	vs.	ADP
ftr-323	27	3	revenue	revenue	NOUN
ftr-323	27	4	................................................	................................................	PUNCT
ftr-323	28	1	456	456	NUM
ftr-323	28	2	x.	x.	NOUN
ftr-323	28	3	conclusion	conclusion	NOUN
ftr-323	28	4	.................................................................................	.................................................................................	PUNCT
ftr-323	28	5	458	458	NUM
ftr-323	28	6	i.	i.	PROPN
ftr-323	28	7	introduction	introduction	NOUN
ftr-323	28	8	the	the	DET
ftr-323	28	9	u.s	u.s	PROPN
ftr-323	28	10	.	.	PROPN
ftr-323	28	11	government	government	NOUN
ftr-323	28	12	faces	face	VERB
ftr-323	28	13	a	a	DET
ftr-323	28	14	well	well	ADV
ftr-323	28	15	-	-	PUNCT
ftr-323	28	16	documented	document	VERB
ftr-323	28	17	long	long	ADJ
ftr-323	28	18	-	-	PUNCT
ftr-323	28	19	term	term	NOUN
ftr-323	28	20	revenue	revenue	NOUN
ftr-323	28	21	shortage	shortage	NOUN
ftr-323	28	22	that	that	PRON
ftr-323	28	23	is	be	AUX
ftr-323	28	24	unlikely	unlikely	ADJ
ftr-323	28	25	to	to	PART
ftr-323	28	26	be	be	AUX
ftr-323	28	27	cured	cure	VERB
ftr-323	28	28	by	by	ADP
ftr-323	28	29	government	government	NOUN
ftr-323	28	30	expenditure	expenditure	NOUN
ftr-323	28	31	reductions	reduction	NOUN
ftr-323	28	32	.	.	PUNCT
ftr-323	29	1	thus	thus	ADV
ftr-323	29	2	,	,	PUNCT
ftr-323	29	3	it	it	PRON
ftr-323	29	4	is	be	AUX
ftr-323	29	5	curious	curious	ADJ
ftr-323	29	6	that	that	SCONJ
ftr-323	29	7	there	there	PRON
ftr-323	29	8	is	be	VERB
ftr-323	29	9	currently	currently	ADV
ftr-323	29	10	considerable	considerable	ADJ
ftr-323	29	11	pressure	pressure	NOUN
ftr-323	29	12	for	for	SCONJ
ftr-323	29	13	the	the	DET
ftr-323	29	14	united	united	PROPN
ftr-323	29	15	states	states	PROPN
ftr-323	29	16	to	to	PART
ftr-323	29	17	adopt	adopt	VERB
ftr-323	29	18	some	some	DET
ftr-323	29	19	type	type	NOUN
ftr-323	29	20	of	of	ADP
ftr-323	29	21	territorial	territorial	ADJ
ftr-323	29	22	or	or	CCONJ
ftr-323	29	23	exemption	exemption	NOUN
ftr-323	29	24	system1	system1	NOUN
ftr-323	29	25	under	under	ADP
ftr-323	29	26	which	which	PRON
ftr-323	29	27	1	1	NUM
ftr-323	29	28	.	.	PUNCT
ftr-323	30	1	under	under	ADP
ftr-323	30	2	an	an	DET
ftr-323	30	3	exemption	exemption	NOUN
ftr-323	30	4	system	system	NOUN
ftr-323	30	5	,	,	PUNCT
ftr-323	30	6	a	a	DET
ftr-323	30	7	residence	residence	NOUN
ftr-323	30	8	country	country	NOUN
ftr-323	30	9	will	will	AUX
ftr-323	30	10	confer	confer	VERB
ftr-323	30	11	a	a	DET
ftr-323	30	12	tax	tax	NOUN
ftr-323	30	13	exemption	exemption	NOUN
ftr-323	30	14	on	on	ADP
ftr-323	30	15	most	most	ADJ
ftr-323	30	16	foreign	foreign	ADJ
ftr-323	30	17	-	-	PUNCT
ftr-323	30	18	source	source	NOUN
ftr-323	30	19	business	business	NOUN
ftr-323	30	20	income	income	NOUN
ftr-323	30	21	earned	earn	VERB
ftr-323	30	22	by	by	ADP
ftr-323	30	23	its	its	PRON
ftr-323	30	24	residents	resident	NOUN
ftr-323	30	25	.	.	PUNCT
ftr-323	31	1	exemption	exemption	NOUN
ftr-323	31	2	systems	system	NOUN
ftr-323	31	3	are	be	AUX
ftr-323	31	4	also	also	ADV
ftr-323	31	5	frequently	frequently	ADV
ftr-323	31	6	referred	refer	VERB
ftr-323	31	7	to	to	ADP
ftr-323	31	8	as	as	ADP
ftr-323	31	9	territorial	territorial	ADJ
ftr-323	31	10	systems	system	NOUN
ftr-323	31	11	because	because	SCONJ
ftr-323	31	12	a	a	DET
ftr-323	31	13	country	country	NOUN
ftr-323	31	14	employing	employ	VERB
ftr-323	31	15	such	such	DET
ftr-323	31	16	a	a	DET
ftr-323	31	17	regime	regime	NOUN
ftr-323	31	18	will	will	AUX
ftr-323	31	19	tax	tax	VERB
ftr-323	31	20	only	only	ADJ
ftr-323	31	21	income	income	NOUN
ftr-323	31	22	earned	earn	VERB
ftr-323	31	23	within	within	ADP
ftr-323	31	24	its	its	PRON
ftr-323	31	25	own	own	ADJ
ftr-323	31	26	territory	territory	NOUN
ftr-323	31	27	,	,	PUNCT
ftr-323	31	28	even	even	ADV
ftr-323	31	29	if	if	SCONJ
ftr-323	31	30	the	the	DET
ftr-323	31	31	income	income	NOUN
ftr-323	31	32	earner	earner	NOUN
ftr-323	31	33	is	be	AUX
ftr-323	31	34	its	its	PRON
ftr-323	31	35	resident	resident	NOUN
ftr-323	31	36	.	.	PUNCT
ftr-323	32	1	this	this	DET
ftr-323	32	2	article	article	NOUN
ftr-323	32	3	follows	follow	VERB
ftr-323	32	4	the	the	DET
ftr-323	32	5	prevailing	prevail	VERB
ftr-323	32	6	rhetorical	rhetorical	ADJ
ftr-323	32	7	practice	practice	NOUN
ftr-323	32	8	by	by	ADP
ftr-323	32	9	using	use	VERB
ftr-323	32	10	“	"	PUNCT
ftr-323	32	11	exemption	exemption	NOUN
ftr-323	32	12	system	system	NOUN
ftr-323	32	13	,	,	PUNCT
ftr-323	32	14	”	"	PUNCT
ftr-323	32	15	“	"	PUNCT
ftr-323	32	16	territorial	territorial	ADJ
ftr-323	32	17	system	system	NOUN
ftr-323	32	18	,	,	PUNCT
ftr-323	32	19	”	"	PUNCT
ftr-323	32	20	and	and	CCONJ
ftr-323	32	21	“	"	PUNCT
ftr-323	32	22	territoriality	territoriality	NOUN
ftr-323	32	23	”	"	PUNCT
ftr-323	32	24	as	as	ADP
ftr-323	32	25	interchangeable	interchangeable	ADJ
ftr-323	32	26	terms	term	NOUN
ftr-323	32	27	,	,	PUNCT
ftr-323	32	28	notwithstanding	notwithstanding	ADP
ftr-323	32	29	the	the	DET
ftr-323	32	30	technical	technical	ADJ
ftr-323	32	31	differences	difference	NOUN
ftr-323	32	32	in	in	ADP
ftr-323	32	33	how	how	SCONJ
ftr-323	32	34	territorial	territorial	ADJ
ftr-323	32	35	and	and	CCONJ
ftr-323	32	36	exemption	exemption	NOUN
ftr-323	32	37	systems	system	NOUN
ftr-323	32	38	are	be	AUX
ftr-323	32	39	implemented	implement	VERB
ftr-323	32	40	in	in	ADP
ftr-323	32	41	practice	practice	NOUN
ftr-323	32	42	by	by	ADP
ftr-323	32	43	various	various	ADJ
ftr-323	32	44	countries	country	NOUN
ftr-323	32	45	.	.	PUNCT
ftr-323	33	1	as	as	SCONJ
ftr-323	33	2	noted	note	VERB
ftr-323	33	3	by	by	ADP
ftr-323	33	4	some	some	DET
ftr-323	33	5	commentators	commentator	NOUN
ftr-323	33	6	,	,	PUNCT
ftr-323	33	7	a	a	DET
ftr-323	33	8	true	true	ADJ
ftr-323	33	9	territorial	territorial	ADJ
ftr-323	33	10	system	system	NOUN
ftr-323	33	11	exempts	exempt	VERB
ftr-323	33	12	all	all	DET
ftr-323	33	13	foreign	foreign	ADJ
ftr-323	33	14	-	-	PUNCT
ftr-323	33	15	source	source	NOUN
ftr-323	33	16	income	income	NOUN
ftr-323	33	17	from	from	ADP
ftr-323	33	18	taxation	taxation	NOUN
ftr-323	33	19	by	by	ADP
ftr-323	33	20	the	the	DET
ftr-323	33	21	residence	residence	NOUN
ftr-323	33	22	country	country	NOUN
ftr-323	33	23	,	,	PUNCT
ftr-323	33	24	whereas	whereas	SCONJ
ftr-323	33	25	an	an	DET
ftr-323	33	26	exemption	exemption	NOUN
ftr-323	33	27	system	system	NOUN
ftr-323	33	28	exempts	exempt	VERB
ftr-323	33	29	only	only	ADV
ftr-323	33	30	some	some	DET
ftr-323	33	31	types	type	NOUN
ftr-323	33	32	of	of	ADP
ftr-323	33	33	foreign	foreign	ADJ
ftr-323	33	34	-	-	PUNCT
ftr-323	33	35	source	source	NOUN
ftr-323	33	36	income	income	NOUN
ftr-323	33	37	(	(	PUNCT
ftr-323	33	38	usually	usually	ADV
ftr-323	33	39	active	active	ADJ
ftr-323	33	40	foreign	foreign	ADJ
ftr-323	33	41	business	business	NOUN
ftr-323	33	42	income	income	NOUN
ftr-323	33	43	)	)	PUNCT
ftr-323	33	44	from	from	ADP
ftr-323	33	45	taxation	taxation	NOUN
ftr-323	33	46	by	by	ADP
ftr-323	33	47	the	the	DET
ftr-323	33	48	residence	residence	NOUN
ftr-323	33	49	country	country	NOUN
ftr-323	33	50	.	.	PUNCT
ftr-323	34	1	see	see	VERB
ftr-323	34	2	lawrence	lawrence	PROPN
ftr-323	34	3	lokken	lokken	PROPN
ftr-323	34	4	&	&	CCONJ
ftr-323	34	5	yoshimi	yoshimi	PROPN
ftr-323	34	6	kitamura	kitamura	PROPN
ftr-323	34	7	,	,	PUNCT
ftr-323	34	8	credit	credit	NOUN
ftr-323	34	9	v.	v.	ADP
ftr-323	34	10	exemption	exemption	NOUN
ftr-323	34	11	:	:	PUNCT
ftr-323	34	12	a	a	DET
ftr-323	34	13	comparative	comparative	ADJ
ftr-323	34	14	study	study	NOUN
ftr-323	34	15	of	of	ADP
ftr-323	34	16	double	double	ADJ
ftr-323	34	17	2012	2012	NUM
ftr-323	34	18	]	]	PUNCT
ftr-323	34	19	exemption	exemption	NOUN
ftr-323	34	20	when	when	SCONJ
ftr-323	34	21	the	the	DET
ftr-323	34	22	treasury	treasury	NOUN
ftr-323	34	23	is	be	AUX
ftr-323	34	24	empty	empty	ADJ
ftr-323	34	25	399	399	NUM
ftr-323	34	26	most	most	ADJ
ftr-323	34	27	foreign	foreign	ADJ
ftr-323	34	28	-	-	PUNCT
ftr-323	34	29	source	source	NOUN
ftr-323	34	30	active	active	ADJ
ftr-323	34	31	business	business	NOUN
ftr-323	34	32	income	income	NOUN
ftr-323	34	33	earned	earn	VERB
ftr-323	34	34	by	by	ADP
ftr-323	34	35	u.s	u.s	PROPN
ftr-323	34	36	.	.	PROPN
ftr-323	34	37	resident	resident	PROPN
ftr-323	34	38	corporations	corporation	NOUN
ftr-323	34	39	would	would	AUX
ftr-323	34	40	become	become	VERB
ftr-323	34	41	substantially	substantially	ADV
ftr-323	34	42	free	free	ADJ
ftr-323	34	43	of	of	ADP
ftr-323	34	44	u.s	u.s	PROPN
ftr-323	34	45	.	.	PROPN
ftr-323	34	46	income	income	NOUN
ftr-323	34	47	tax	tax	NOUN
ftr-323	34	48	.	.	PUNCT
ftr-323	35	1	although	although	SCONJ
ftr-323	35	2	we	we	PRON
ftr-323	35	3	are	be	AUX
ftr-323	35	4	not	not	PART
ftr-323	35	5	fans	fan	NOUN
ftr-323	35	6	of	of	ADP
ftr-323	35	7	territoriality	territoriality	NOUN
ftr-323	35	8	,	,	PUNCT
ftr-323	35	9	we	we	PRON
ftr-323	35	10	recognize	recognize	VERB
ftr-323	35	11	that	that	SCONJ
ftr-323	35	12	a	a	DET
ftr-323	35	13	significant	significant	ADJ
ftr-323	35	14	reform	reform	NOUN
ftr-323	35	15	of	of	ADP
ftr-323	35	16	the	the	DET
ftr-323	35	17	u.s	u.s	PROPN
ftr-323	35	18	.	.	PROPN
ftr-323	35	19	international	international	ADJ
ftr-323	35	20	tax	tax	NOUN
ftr-323	35	21	system	system	NOUN
ftr-323	35	22	is	be	AUX
ftr-323	35	23	necessary	necessary	ADJ
ftr-323	35	24	.	.	PUNCT
ftr-323	36	1	in	in	ADP
ftr-323	36	2	other	other	ADJ
ftr-323	36	3	articles	article	NOUN
ftr-323	36	4	,	,	PUNCT
ftr-323	36	5	we	we	PRON
ftr-323	36	6	have	have	AUX
ftr-323	36	7	expressed	express	VERB
ftr-323	36	8	our	our	PRON
ftr-323	36	9	clear	clear	ADJ
ftr-323	36	10	preference	preference	NOUN
ftr-323	36	11	for	for	ADP
ftr-323	36	12	strengthening	strengthen	VERB
ftr-323	36	13	the	the	DET
ftr-323	36	14	u.s	u.s	PROPN
ftr-323	36	15	.	.	PROPN
ftr-323	36	16	worldwide	worldwide	PROPN
ftr-323	36	17	taxation	taxation	PROPN
ftr-323	36	18	system2	system2	NOUN
ftr-323	36	19	by	by	ADP
ftr-323	36	20	repealing	repeal	VERB
ftr-323	36	21	the	the	DET
ftr-323	36	22	deferral	deferral	ADJ
ftr-323	36	23	privilege	privilege	NOUN
ftr-323	36	24	and	and	CCONJ
ftr-323	36	25	instituting	institute	VERB
ftr-323	36	26	a	a	DET
ftr-323	36	27	per	per	ADP
ftr-323	36	28	-	-	PUNCT
ftr-323	36	29	country	country	NOUN
ftr-323	36	30	foreign	foreign	ADJ
ftr-323	36	31	tax	tax	NOUN
ftr-323	36	32	credit	credit	NOUN
ftr-323	36	33	limitation.3	limitation.3	PROPN
ftr-323	36	34	however	however	ADV
ftr-323	36	35	,	,	PUNCT
ftr-323	36	36	if	if	SCONJ
ftr-323	36	37	such	such	DET
ftr-323	36	38	a	a	DET
ftr-323	36	39	reform	reform	NOUN
ftr-323	36	40	is	be	AUX
ftr-323	36	41	not	not	PART
ftr-323	36	42	tax	tax	NOUN
ftr-323	36	43	relief	relief	NOUN
ftr-323	36	44	in	in	ADP
ftr-323	36	45	the	the	DET
ftr-323	36	46	united	united	PROPN
ftr-323	36	47	states	states	PROPN
ftr-323	36	48	and	and	CCONJ
ftr-323	36	49	japan	japan	PROPN
ftr-323	36	50	,	,	PUNCT
ftr-323	36	51	30	30	NUM
ftr-323	36	52	nw	nw	PROPN
ftr-323	36	53	.	.	PROPN
ftr-323	36	54	j.	j.	PROPN
ftr-323	36	55	int’l	int’l	PROPN
ftr-323	36	56	l.	l.	PROPN
ftr-323	36	57	&	&	CCONJ
ftr-323	36	58	bus	bus	PROPN
ftr-323	36	59	.	.	PUNCT
ftr-323	37	1	621	621	NUM
ftr-323	37	2	,	,	PUNCT
ftr-323	37	3	622	622	NUM
ftr-323	37	4	(	(	PUNCT
ftr-323	37	5	2010	2010	NUM
ftr-323	37	6	)	)	PUNCT
ftr-323	38	1	[	[	X
ftr-323	38	2	hereinafter	hereinafter	NOUN
ftr-323	38	3	lokken	lokken	PROPN
ftr-323	38	4	&	&	CCONJ
ftr-323	38	5	kitamura	kitamura	PROPN
ftr-323	38	6	,	,	PUNCT
ftr-323	38	7	credit	credit	NOUN
ftr-323	38	8	v.	v.	ADP
ftr-323	38	9	exemption	exemption	NOUN
ftr-323	38	10	]	]	PUNCT
ftr-323	38	11	(	(	PUNCT
ftr-323	38	12	pointing	point	VERB
ftr-323	38	13	to	to	ADP
ftr-323	38	14	singapore	singapore	PROPN
ftr-323	38	15	as	as	ADP
ftr-323	38	16	an	an	DET
ftr-323	38	17	example	example	NOUN
ftr-323	38	18	of	of	ADP
ftr-323	38	19	a	a	DET
ftr-323	38	20	country	country	NOUN
ftr-323	38	21	with	with	ADP
ftr-323	38	22	a	a	DET
ftr-323	38	23	true	true	ADJ
ftr-323	38	24	territorial	territorial	ADJ
ftr-323	38	25	system	system	NOUN
ftr-323	38	26	)	)	PUNCT
ftr-323	38	27	.	.	PUNCT
ftr-323	39	1	regarding	regard	VERB
ftr-323	39	2	current	current	ADJ
ftr-323	39	3	support	support	NOUN
ftr-323	39	4	for	for	ADP
ftr-323	39	5	adoption	adoption	NOUN
ftr-323	39	6	by	by	ADP
ftr-323	39	7	the	the	DET
ftr-323	39	8	united	united	PROPN
ftr-323	39	9	states	states	PROPN
ftr-323	39	10	of	of	ADP
ftr-323	39	11	a	a	DET
ftr-323	39	12	territorial	territorial	ADJ
ftr-323	39	13	or	or	CCONJ
ftr-323	39	14	exemption	exemption	NOUN
ftr-323	39	15	system	system	NOUN
ftr-323	39	16	,	,	PUNCT
ftr-323	39	17	see	see	VERB
ftr-323	39	18	president	president	PROPN
ftr-323	39	19	’s	’s	PART
ftr-323	39	20	council	council	PROPN
ftr-323	39	21	on	on	ADP
ftr-323	39	22	jobs	job	NOUN
ftr-323	39	23	and	and	CCONJ
ftr-323	39	24	competitiveness	competitiveness	NOUN
ftr-323	39	25	,	,	PUNCT
ftr-323	39	26	road	road	NOUN
ftr-323	39	27	map	map	NOUN
ftr-323	39	28	to	to	PART
ftr-323	39	29	renewal	renewal	VERB
ftr-323	39	30	47–48	47–48	NUM
ftr-323	39	31	(	(	PUNCT
ftr-323	39	32	2011	2011	NUM
ftr-323	39	33	)	)	PUNCT
ftr-323	40	1	[	[	X
ftr-323	40	2	hereinafter	hereinafter	NOUN
ftr-323	40	3	jobs	job	NOUN
ftr-323	40	4	council	council	PROPN
ftr-323	40	5	,	,	PUNCT
ftr-323	40	6	road	road	NOUN
ftr-323	40	7	map	map	NOUN
ftr-323	40	8	]	]	PUNCT
ftr-323	40	9	(	(	PUNCT
ftr-323	40	10	stating	state	VERB
ftr-323	40	11	that	that	SCONJ
ftr-323	40	12	“	"	PUNCT
ftr-323	40	13	[	[	PUNCT
ftr-323	40	14	m]any	m]any	NOUN
ftr-323	40	15	members	member	NOUN
ftr-323	40	16	”	"	PUNCT
ftr-323	40	17	of	of	ADP
ftr-323	40	18	president	president	PROPN
ftr-323	40	19	obama	obama	PROPN
ftr-323	40	20	’s	’s	PART
ftr-323	40	21	business	business	NOUN
ftr-323	40	22	advisory	advisory	PROPN
ftr-323	40	23	council	council	NOUN
ftr-323	40	24	“	"	PUNCT
ftr-323	40	25	believe	believe	VERB
ftr-323	40	26	the	the	DET
ftr-323	40	27	united	united	PROPN
ftr-323	40	28	states	states	PROPN
ftr-323	40	29	should	should	AUX
ftr-323	40	30	move	move	VERB
ftr-323	40	31	to	to	ADP
ftr-323	40	32	a	a	DET
ftr-323	40	33	territorial	territorial	ADJ
ftr-323	40	34	system	system	NOUN
ftr-323	40	35	”	"	PUNCT
ftr-323	40	36	)	)	PUNCT
ftr-323	40	37	;	;	PUNCT
ftr-323	40	38	the	the	DET
ftr-323	40	39	nat’l	nat’l	NOUN
ftr-323	40	40	comm’n	comm’n	NOUN
ftr-323	40	41	on	on	ADP
ftr-323	40	42	fiscal	fiscal	ADJ
ftr-323	40	43	responsibility	responsibility	NOUN
ftr-323	40	44	and	and	CCONJ
ftr-323	40	45	reform	reform	NOUN
ftr-323	40	46	:	:	PUNCT
ftr-323	40	47	the	the	DET
ftr-323	40	48	moment	moment	NOUN
ftr-323	40	49	of	of	ADP
ftr-323	40	50	truth	truth	NOUN
ftr-323	40	51	33	33	NUM
ftr-323	40	52	(	(	PUNCT
ftr-323	40	53	2010	2010	NUM
ftr-323	40	54	)	)	PUNCT
ftr-323	41	1	[	[	X
ftr-323	41	2	hereinafter	hereinafter	NOUN
ftr-323	41	3	deficit	deficit	NOUN
ftr-323	41	4	comm’n	comm’n	NOUN
ftr-323	41	5	,	,	PUNCT
ftr-323	41	6	moment	moment	NOUN
ftr-323	41	7	of	of	ADP
ftr-323	41	8	truth	truth	NOUN
ftr-323	41	9	]	]	PUNCT
ftr-323	41	10	(	(	PUNCT
ftr-323	41	11	advocating	advocate	VERB
ftr-323	41	12	adoption	adoption	NOUN
ftr-323	41	13	of	of	ADP
ftr-323	41	14	an	an	DET
ftr-323	41	15	exemption	exemption	NOUN
ftr-323	41	16	system	system	NOUN
ftr-323	41	17	)	)	PUNCT
ftr-323	41	18	.	.	PUNCT
ftr-323	42	1	2	2	X
ftr-323	42	2	.	.	X
ftr-323	42	3	under	under	ADP
ftr-323	42	4	a	a	DET
ftr-323	42	5	pure	pure	ADJ
ftr-323	42	6	worldwide	worldwide	ADJ
ftr-323	42	7	system	system	NOUN
ftr-323	42	8	,	,	PUNCT
ftr-323	42	9	a	a	DET
ftr-323	42	10	residence	residence	NOUN
ftr-323	42	11	country	country	NOUN
ftr-323	42	12	taxes	tax	VERB
ftr-323	42	13	its	its	PRON
ftr-323	42	14	residents	resident	NOUN
ftr-323	42	15	on	on	ADP
ftr-323	42	16	the	the	DET
ftr-323	42	17	sum	sum	NOUN
ftr-323	42	18	of	of	ADP
ftr-323	42	19	their	their	PRON
ftr-323	42	20	domestic	domestic	ADJ
ftr-323	42	21	-	-	PUNCT
ftr-323	42	22	source	source	NOUN
ftr-323	42	23	and	and	CCONJ
ftr-323	42	24	foreign	foreign	ADJ
ftr-323	42	25	-	-	PUNCT
ftr-323	42	26	source	source	NOUN
ftr-323	42	27	income	income	NOUN
ftr-323	42	28	but	but	CCONJ
ftr-323	42	29	allows	allow	VERB
ftr-323	42	30	a	a	DET
ftr-323	42	31	credit	credit	NOUN
ftr-323	42	32	for	for	ADP
ftr-323	42	33	foreign	foreign	ADJ
ftr-323	42	34	taxes	taxis	NOUN
ftr-323	42	35	paid	pay	VERB
ftr-323	42	36	by	by	ADP
ftr-323	42	37	residents	resident	NOUN
ftr-323	42	38	on	on	ADP
ftr-323	42	39	foreign	foreign	ADJ
ftr-323	42	40	-	-	PUNCT
ftr-323	42	41	source	source	NOUN
ftr-323	42	42	income	income	NOUN
ftr-323	42	43	.	.	PUNCT
ftr-323	43	1	because	because	SCONJ
ftr-323	43	2	such	such	DET
ftr-323	43	3	a	a	DET
ftr-323	43	4	system	system	NOUN
ftr-323	43	5	taxes	tax	VERB
ftr-323	43	6	worldwide	worldwide	ADJ
ftr-323	43	7	income	income	NOUN
ftr-323	43	8	,	,	PUNCT
ftr-323	43	9	a	a	DET
ftr-323	43	10	pure	pure	ADJ
ftr-323	43	11	worldwide	worldwide	ADJ
ftr-323	43	12	regime	regime	NOUN
ftr-323	43	13	is	be	AUX
ftr-323	43	14	sometimes	sometimes	ADV
ftr-323	43	15	referred	refer	VERB
ftr-323	43	16	to	to	ADP
ftr-323	43	17	as	as	ADP
ftr-323	43	18	a	a	DET
ftr-323	43	19	“	"	PUNCT
ftr-323	43	20	full	full	ADJ
ftr-323	43	21	inclusion	inclusion	NOUN
ftr-323	43	22	system	system	NOUN
ftr-323	43	23	.	.	PUNCT
ftr-323	43	24	”	"	PUNCT
ftr-323	44	1	as	as	SCONJ
ftr-323	44	2	discussed	discuss	VERB
ftr-323	44	3	later	later	ADV
ftr-323	44	4	in	in	ADP
ftr-323	44	5	this	this	DET
ftr-323	44	6	article	article	NOUN
ftr-323	44	7	in	in	ADP
ftr-323	44	8	relation	relation	NOUN
ftr-323	44	9	to	to	ADP
ftr-323	44	10	the	the	DET
ftr-323	44	11	united	united	PROPN
ftr-323	44	12	states	states	PROPN
ftr-323	44	13	,	,	PUNCT
ftr-323	44	14	we	we	PRON
ftr-323	44	15	recognize	recognize	VERB
ftr-323	44	16	,	,	PUNCT
ftr-323	44	17	as	as	SCONJ
ftr-323	44	18	others	other	NOUN
ftr-323	44	19	have	have	VERB
ftr-323	44	20	,	,	PUNCT
ftr-323	44	21	that	that	SCONJ
ftr-323	44	22	no	no	DET
ftr-323	44	23	country	country	NOUN
ftr-323	44	24	employs	employ	VERB
ftr-323	44	25	a	a	DET
ftr-323	44	26	pure	pure	ADJ
ftr-323	44	27	worldwide	worldwide	ADJ
ftr-323	44	28	system	system	NOUN
ftr-323	44	29	just	just	ADV
ftr-323	44	30	as	as	SCONJ
ftr-323	44	31	no	no	DET
ftr-323	44	32	country	country	NOUN
ftr-323	44	33	employs	employ	VERB
ftr-323	44	34	a	a	DET
ftr-323	44	35	pure	pure	ADJ
ftr-323	44	36	exemption	exemption	NOUN
ftr-323	44	37	system	system	NOUN
ftr-323	44	38	.	.	PUNCT
ftr-323	45	1	3	3	X
ftr-323	45	2	.	.	X
ftr-323	45	3	see	see	VERB
ftr-323	45	4	generally	generally	ADV
ftr-323	45	5	j.	j.	PROPN
ftr-323	45	6	clifton	clifton	PROPN
ftr-323	45	7	fleming	fleming	PROPN
ftr-323	45	8	,	,	PUNCT
ftr-323	45	9	jr	jr	PROPN
ftr-323	45	10	.	.	PROPN
ftr-323	45	11	,	,	PUNCT
ftr-323	45	12	robert	robert	PROPN
ftr-323	45	13	j.	j.	PROPN
ftr-323	45	14	peroni	peroni	PROPN
ftr-323	45	15	&	&	CCONJ
ftr-323	45	16	stephen	stephen	PROPN
ftr-323	45	17	e.	e.	PROPN
ftr-323	45	18	shay	shay	PROPN
ftr-323	45	19	,	,	PUNCT
ftr-323	45	20	an	an	DET
ftr-323	45	21	alternative	alternative	ADJ
ftr-323	45	22	view	view	NOUN
ftr-323	45	23	of	of	ADP
ftr-323	45	24	deferral	deferral	NOUN
ftr-323	45	25	:	:	PUNCT
ftr-323	45	26	considering	consider	VERB
ftr-323	45	27	a	a	DET
ftr-323	45	28	proposal	proposal	NOUN
ftr-323	45	29	to	to	PART
ftr-323	45	30	curtail	curtail	VERB
ftr-323	45	31	,	,	PUNCT
ftr-323	45	32	not	not	PART
ftr-323	45	33	expand	expand	VERB
ftr-323	45	34	,	,	PUNCT
ftr-323	45	35	deferral	deferral	ADJ
ftr-323	45	36	,	,	PUNCT
ftr-323	45	37	20	20	NUM
ftr-323	45	38	tax	tax	NOUN
ftr-323	45	39	notes	note	NOUN
ftr-323	45	40	int’l	int’l	NOUN
ftr-323	45	41	547	547	NUM
ftr-323	45	42	(	(	PUNCT
ftr-323	45	43	jan	jan	PROPN
ftr-323	45	44	.	.	PROPN
ftr-323	45	45	31	31	NUM
ftr-323	45	46	,	,	PUNCT
ftr-323	45	47	2000	2000	NUM
ftr-323	45	48	)	)	PUNCT
ftr-323	45	49	;	;	PUNCT
ftr-323	45	50	j.	j.	PROPN
ftr-323	45	51	clifton	clifton	PROPN
ftr-323	45	52	fleming	fleming	PROPN
ftr-323	45	53	,	,	PUNCT
ftr-323	45	54	jr	jr	PROPN
ftr-323	45	55	.	.	PROPN
ftr-323	45	56	,	,	PUNCT
ftr-323	45	57	robert	robert	PROPN
ftr-323	45	58	j.	j.	PROPN
ftr-323	45	59	peroni	peroni	PROPN
ftr-323	45	60	&	&	CCONJ
ftr-323	45	61	stephen	stephen	PROPN
ftr-323	45	62	e.	e.	PROPN
ftr-323	45	63	shay	shay	PROPN
ftr-323	45	64	,	,	PUNCT
ftr-323	45	65	fairness	fairness	NOUN
ftr-323	45	66	in	in	ADP
ftr-323	45	67	international	international	ADJ
ftr-323	45	68	taxation	taxation	NOUN
ftr-323	45	69	:	:	PUNCT
ftr-323	45	70	the	the	DET
ftr-323	45	71	ability	ability	NOUN
ftr-323	45	72	-	-	PUNCT
ftr-323	45	73	to	to	ADP
ftr-323	45	74	-	-	PUNCT
ftr-323	45	75	pay	pay	VERB
ftr-323	45	76	case	case	NOUN
ftr-323	45	77	for	for	ADP
ftr-323	45	78	taxing	tax	VERB
ftr-323	45	79	worldwide	worldwide	ADJ
ftr-323	45	80	income	income	NOUN
ftr-323	45	81	,	,	PUNCT
ftr-323	45	82	5	5	NUM
ftr-323	45	83	fla	fla	NOUN
ftr-323	45	84	.	.	PUNCT
ftr-323	46	1	tax	tax	PROPN
ftr-323	46	2	rev	rev	PROPN
ftr-323	46	3	.	.	PROPN
ftr-323	46	4	299	299	NUM
ftr-323	46	5	(	(	PUNCT
ftr-323	46	6	2001	2001	NUM
ftr-323	46	7	)	)	PUNCT
ftr-323	47	1	[	[	X
ftr-323	47	2	hereinafter	hereinafter	NOUN
ftr-323	47	3	fleming	fleming	NOUN
ftr-323	47	4	,	,	PUNCT
ftr-323	47	5	peroni	peroni	PROPN
ftr-323	47	6	&	&	CCONJ
ftr-323	47	7	shay	shay	PROPN
ftr-323	47	8	,	,	PUNCT
ftr-323	47	9	fairness	fairness	NOUN
ftr-323	47	10	in	in	ADP
ftr-323	47	11	international	international	ADJ
ftr-323	47	12	taxation	taxation	NOUN
ftr-323	47	13	]	]	PUNCT
ftr-323	47	14	;	;	PUNCT
ftr-323	47	15	robert	robert	PROPN
ftr-323	47	16	j.	j.	PROPN
ftr-323	47	17	peroni	peroni	PROPN
ftr-323	47	18	,	,	PUNCT
ftr-323	47	19	back	back	ADV
ftr-323	47	20	to	to	ADP
ftr-323	47	21	the	the	DET
ftr-323	47	22	future	future	NOUN
ftr-323	47	23	:	:	PUNCT
ftr-323	47	24	a	a	DET
ftr-323	47	25	path	path	NOUN
ftr-323	47	26	to	to	ADP
ftr-323	47	27	progressive	progressive	ADJ
ftr-323	47	28	reform	reform	NOUN
ftr-323	47	29	of	of	ADP
ftr-323	47	30	the	the	DET
ftr-323	47	31	u.s	u.s	PROPN
ftr-323	47	32	.	.	PROPN
ftr-323	47	33	international	international	ADJ
ftr-323	47	34	income	income	NOUN
ftr-323	47	35	tax	tax	NOUN
ftr-323	47	36	rules	rule	NOUN
ftr-323	47	37	,	,	PUNCT
ftr-323	47	38	51	51	NUM
ftr-323	47	39	u.	u.	PROPN
ftr-323	47	40	miami	miami	PROPN
ftr-323	47	41	l.	l.	PROPN
ftr-323	47	42	rev	rev	PROPN
ftr-323	47	43	.	.	PROPN
ftr-323	47	44	975	975	NUM
ftr-323	47	45	,	,	PUNCT
ftr-323	47	46	986–94	986–94	NOUN
ftr-323	47	47	(	(	PUNCT
ftr-323	47	48	1997	1997	NUM
ftr-323	47	49	)	)	PUNCT
ftr-323	48	1	[	[	X
ftr-323	48	2	hereinafter	hereinafter	NOUN
ftr-323	48	3	peroni	peroni	NOUN
ftr-323	48	4	,	,	PUNCT
ftr-323	48	5	back	back	ADV
ftr-323	48	6	to	to	ADP
ftr-323	48	7	the	the	DET
ftr-323	48	8	future	future	NOUN
ftr-323	48	9	]	]	PUNCT
ftr-323	48	10	;	;	PUNCT
ftr-323	48	11	robert	robert	PROPN
ftr-323	48	12	j.	j.	PROPN
ftr-323	48	13	peroni	peroni	PROPN
ftr-323	48	14	,	,	PUNCT
ftr-323	48	15	j.	j.	PROPN
ftr-323	48	16	clifton	clifton	PROPN
ftr-323	48	17	fleming	fleming	PROPN
ftr-323	48	18	,	,	PUNCT
ftr-323	48	19	jr	jr	PROPN
ftr-323	48	20	.	.	PROPN
ftr-323	48	21	&	&	CCONJ
ftr-323	48	22	stephen	stephen	PROPN
ftr-323	48	23	e.	e.	PROPN
ftr-323	48	24	shay	shay	PROPN
ftr-323	48	25	,	,	PUNCT
ftr-323	48	26	getting	get	VERB
ftr-323	48	27	serious	serious	ADJ
ftr-323	48	28	about	about	ADP
ftr-323	48	29	curtailing	curtail	VERB
ftr-323	48	30	deferral	deferral	NOUN
ftr-323	48	31	of	of	ADP
ftr-323	48	32	u.s	u.s	PROPN
ftr-323	48	33	.	.	PROPN
ftr-323	48	34	tax	tax	NOUN
ftr-323	48	35	on	on	ADP
ftr-323	48	36	foreign	foreign	ADJ
ftr-323	48	37	source	source	NOUN
ftr-323	48	38	income	income	NOUN
ftr-323	48	39	,	,	PUNCT
ftr-323	48	40	52	52	NUM
ftr-323	48	41	smu	smu	PROPN
ftr-323	48	42	l.	l.	PROPN
ftr-323	48	43	rev	rev	PROPN
ftr-323	48	44	.	.	PROPN
ftr-323	48	45	455	455	NUM
ftr-323	48	46	(	(	PUNCT
ftr-323	48	47	1999	1999	NUM
ftr-323	48	48	)	)	PUNCT
ftr-323	49	1	[	[	X
ftr-323	49	2	hereinafter	hereinafter	NOUN
ftr-323	49	3	peroni	peroni	PROPN
ftr-323	49	4	,	,	PUNCT
ftr-323	49	5	fleming	fleming	PROPN
ftr-323	49	6	&	&	CCONJ
ftr-323	49	7	shay	shay	PROPN
ftr-323	49	8	,	,	PUNCT
ftr-323	49	9	getting	get	VERB
ftr-323	49	10	serious	serious	ADJ
ftr-323	49	11	]	]	X
ftr-323	49	12	.	.	PUNCT
ftr-323	50	1	for	for	ADP
ftr-323	50	2	a	a	DET
ftr-323	50	3	legislative	legislative	ADJ
ftr-323	50	4	proposal	proposal	NOUN
ftr-323	50	5	along	along	ADP
ftr-323	50	6	these	these	DET
ftr-323	50	7	lines	line	NOUN
ftr-323	50	8	,	,	PUNCT
ftr-323	50	9	see	see	VERB
ftr-323	50	10	bipartisan	bipartisan	ADJ
ftr-323	50	11	tax	tax	NOUN
ftr-323	50	12	fairness	fairness	NOUN
ftr-323	50	13	and	and	CCONJ
ftr-323	50	14	simplification	simplification	NOUN
ftr-323	50	15	act	act	NOUN
ftr-323	50	16	of	of	ADP
ftr-323	50	17	2011	2011	NUM
ftr-323	50	18	,	,	PUNCT
ftr-323	50	19	s.	s.	PROPN
ftr-323	50	20	727	727	NUM
ftr-323	50	21	,	,	PUNCT
ftr-323	50	22	112th	112th	PROPN
ftr-323	50	23	cong	cong	NOUN
ftr-323	50	24	.	.	PUNCT
ftr-323	50	25	,	,	PUNCT
ftr-323	50	26	1st	1st	NOUN
ftr-323	50	27	.	.	PUNCT
ftr-323	51	1	sess	sess	PROPN
ftr-323	51	2	.	.	PUNCT
ftr-323	52	1	(	(	PUNCT
ftr-323	52	2	2011	2011	NUM
ftr-323	52	3	)	)	PUNCT
ftr-323	52	4	(	(	PUNCT
ftr-323	52	5	requiring	require	VERB
ftr-323	52	6	current	current	ADJ
ftr-323	52	7	taxation	taxation	NOUN
ftr-323	52	8	of	of	ADP
ftr-323	52	9	the	the	DET
ftr-323	52	10	income	income	NOUN
ftr-323	52	11	of	of	ADP
ftr-323	52	12	controlled	control	VERB
ftr-323	52	13	foreign	foreign	ADJ
ftr-323	52	14	corporations	corporation	NOUN
ftr-323	52	15	)	)	PUNCT
ftr-323	52	16	.	.	PUNCT
ftr-323	53	1	for	for	ADP
ftr-323	53	2	other	other	ADJ
ftr-323	53	3	commentaries	commentary	NOUN
ftr-323	53	4	supporting	support	VERB
ftr-323	53	5	international	international	ADJ
ftr-323	53	6	tax	tax	NOUN
ftr-323	53	7	reform	reform	NOUN
ftr-323	53	8	in	in	ADP
ftr-323	53	9	the	the	DET
ftr-323	53	10	form	form	NOUN
ftr-323	53	11	of	of	ADP
ftr-323	53	12	a	a	DET
ftr-323	53	13	full	full	ADJ
ftr-323	53	14	inclusion	inclusion	NOUN
ftr-323	53	15	system	system	NOUN
ftr-323	53	16	,	,	PUNCT
ftr-323	53	17	see	see	VERB
ftr-323	53	18	reuven	reuven	PROPN
ftr-323	53	19	s.	s.	PROPN
ftr-323	53	20	avi	avi	PROPN
ftr-323	53	21	-	-	PUNCT
ftr-323	53	22	yonah	yonah	PROPN
ftr-323	53	23	,	,	PUNCT
ftr-323	53	24	the	the	DET
ftr-323	53	25	logic	logic	NOUN
ftr-323	53	26	of	of	ADP
ftr-323	53	27	subpart	subpart	NOUN
ftr-323	53	28	f	f	NOUN
ftr-323	53	29	:	:	PUNCT
ftr-323	53	30	a	a	DET
ftr-323	53	31	comparative	comparative	ADJ
ftr-323	53	32	perspective	perspective	NOUN
ftr-323	53	33	,	,	PUNCT
ftr-323	53	34	79	79	NUM
ftr-323	53	35	tax	tax	NOUN
ftr-323	53	36	notes	note	NOUN
ftr-323	53	37	1775	1775	NUM
ftr-323	53	38	(	(	PUNCT
ftr-323	53	39	june	june	PROPN
ftr-323	53	40	29	29	NUM
ftr-323	53	41	,	,	PUNCT
ftr-323	53	42	1998	1998	NUM
ftr-323	53	43	)	)	PUNCT
ftr-323	53	44	;	;	PUNCT
ftr-323	53	45	jane	jane	PROPN
ftr-323	53	46	g.	g.	PROPN
ftr-323	53	47	gravelle	gravelle	PROPN
ftr-323	53	48	,	,	PUNCT
ftr-323	53	49	does	do	AUX
ftr-323	53	50	the	the	DET
ftr-323	53	51	concept	concept	NOUN
ftr-323	53	52	of	of	ADP
ftr-323	53	53	competitiveness	competitiveness	NOUN
ftr-323	53	54	have	have	VERB
ftr-323	53	55	meaning	meaning	NOUN
ftr-323	53	56	in	in	ADP
ftr-323	53	57	formulating	formulate	VERB
ftr-323	53	58	corporate	corporate	ADJ
ftr-323	53	59	tax	tax	NOUN
ftr-323	53	60	policy	policy	NOUN
ftr-323	53	61	?	?	PUNCT
ftr-323	53	62	,	,	PUNCT
ftr-323	53	63	65	65	NUM
ftr-323	53	64	tax	tax	NOUN
ftr-323	53	65	l.	l.	PROPN
ftr-323	53	66	rev	rev	PROPN
ftr-323	53	67	.	.	PROPN
ftr-323	53	68	323	323	NUM
ftr-323	53	69	(	(	PUNCT
ftr-323	53	70	2012	2012	NUM
ftr-323	53	71	)	)	PUNCT
ftr-323	53	72	;	;	PUNCT
ftr-323	53	73	robert	robert	PROPN
ftr-323	53	74	a.	a.	PROPN
ftr-323	53	75	green	green	PROPN
ftr-323	53	76	,	,	PUNCT
ftr-323	53	77	the	the	DET
ftr-323	53	78	future	future	NOUN
ftr-323	53	79	of	of	ADP
ftr-323	53	80	source	source	NOUN
ftr-323	53	81	-	-	PUNCT
ftr-323	53	82	based	base	VERB
ftr-323	53	83	taxation	taxation	NOUN
ftr-323	53	84	of	of	ADP
ftr-323	53	85	the	the	DET
ftr-323	53	86	income	income	NOUN
ftr-323	53	87	of	of	ADP
ftr-323	53	88	multinational	multinational	ADJ
ftr-323	53	89	enterprises	enterprise	NOUN
ftr-323	53	90	,	,	PUNCT
ftr-323	53	91	79	79	NUM
ftr-323	53	92	cornell	cornell	PROPN
ftr-323	53	93	l.	l.	PROPN
ftr-323	53	94	rev	rev	PROPN
ftr-323	53	95	.	.	PROPN
ftr-323	53	96	18	18	NUM
ftr-323	53	97	(	(	PUNCT
ftr-323	53	98	1993	1993	NUM
ftr-323	53	99	)	)	PUNCT
ftr-323	53	100	;	;	PUNCT
ftr-323	53	101	jeffrey	jeffrey	PROPN
ftr-323	53	102	m.	m.	PROPN
ftr-323	53	103	kadet	kadet	PROPN
ftr-323	53	104	,	,	PUNCT
ftr-323	53	105	u.s	u.s	PROPN
ftr-323	53	106	.	.	PROPN
ftr-323	53	107	international	international	ADJ
ftr-323	53	108	tax	tax	NOUN
ftr-323	53	109	reform	reform	NOUN
ftr-323	53	110	:	:	PUNCT
ftr-323	53	111	what	what	DET
ftr-323	53	112	form	form	NOUN
ftr-323	53	113	should	should	AUX
ftr-323	53	114	it	it	PRON
ftr-323	53	115	400	400	NUM
ftr-323	53	116	florida	florida	PROPN
ftr-323	53	117	tax	tax	NOUN
ftr-323	53	118	review	review	NOUN
ftr-323	54	1	[	[	X
ftr-323	54	2	vol	vol	NOUN
ftr-323	54	3	.	.	PUNCT
ftr-323	54	4	13:8	13:8	NUM
ftr-323	54	5	politically	politically	ADV
ftr-323	54	6	feasible	feasible	ADJ
ftr-323	54	7	,	,	PUNCT
ftr-323	54	8	we	we	PRON
ftr-323	54	9	believe	believe	VERB
ftr-323	54	10	that	that	SCONJ
ftr-323	54	11	a	a	DET
ftr-323	54	12	properly	properly	ADV
ftr-323	54	13	designed	design	VERB
ftr-323	54	14	exemption	exemption	NOUN
ftr-323	54	15	or	or	CCONJ
ftr-323	54	16	territorial	territorial	ADJ
ftr-323	54	17	system	system	NOUN
ftr-323	54	18	could	could	AUX
ftr-323	54	19	be	be	AUX
ftr-323	54	20	an	an	DET
ftr-323	54	21	improvement	improvement	NOUN
ftr-323	54	22	over	over	ADP
ftr-323	54	23	the	the	DET
ftr-323	54	24	current	current	ADJ
ftr-323	54	25	u.s	u.s	PROPN
ftr-323	54	26	.	.	PROPN
ftr-323	54	27	international	international	ADJ
ftr-323	54	28	tax	tax	NOUN
ftr-323	54	29	regime	regime	NOUN
ftr-323	54	30	,	,	PUNCT
ftr-323	54	31	which	which	PRON
ftr-323	54	32	is	be	AUX
ftr-323	54	33	badly	badly	ADV
ftr-323	54	34	flawed	flawed	ADJ
ftr-323	54	35	for	for	ADP
ftr-323	54	36	multiple	multiple	ADJ
ftr-323	54	37	reasons.4	reasons.4	NOUN
ftr-323	54	38	in	in	ADP
ftr-323	54	39	any	any	DET
ftr-323	54	40	event	event	NOUN
ftr-323	54	41	,	,	PUNCT
ftr-323	54	42	there	there	PRON
ftr-323	54	43	is	be	VERB
ftr-323	54	44	a	a	DET
ftr-323	54	45	significant	significant	ADJ
ftr-323	54	46	likelihood	likelihood	NOUN
ftr-323	54	47	that	that	SCONJ
ftr-323	54	48	congress	congress	PROPN
ftr-323	54	49	will	will	AUX
ftr-323	54	50	sooner	soon	ADV
ftr-323	54	51	or	or	CCONJ
ftr-323	54	52	later	later	ADV
ftr-323	54	53	be	be	AUX
ftr-323	54	54	considering	consider	VERB
ftr-323	54	55	legislation	legislation	NOUN
ftr-323	54	56	to	to	PART
ftr-323	54	57	create	create	VERB
ftr-323	54	58	a	a	DET
ftr-323	54	59	u.s	u.s	PROPN
ftr-323	54	60	territorial	territorial	ADJ
ftr-323	54	61	or	or	CCONJ
ftr-323	54	62	exemption	exemption	NOUN
ftr-323	54	63	system	system	NOUN
ftr-323	54	64	.	.	PUNCT
ftr-323	55	1	accordingly	accordingly	ADV
ftr-323	55	2	,	,	PUNCT
ftr-323	55	3	it	it	PRON
ftr-323	55	4	is	be	AUX
ftr-323	55	5	important	important	ADJ
ftr-323	55	6	for	for	SCONJ
ftr-323	55	7	academics	academic	NOUN
ftr-323	55	8	and	and	CCONJ
ftr-323	55	9	policymakers	policymaker	NOUN
ftr-323	55	10	to	to	PART
ftr-323	55	11	thoughtfully	thoughtfully	ADV
ftr-323	55	12	discuss	discuss	VERB
ftr-323	55	13	the	the	DET
ftr-323	55	14	structure	structure	NOUN
ftr-323	55	15	of	of	ADP
ftr-323	55	16	such	such	DET
ftr-323	55	17	a	a	DET
ftr-323	55	18	system.5	system.5	PROPN
ftr-323	55	19	we	we	PRON
ftr-323	55	20	hope	hope	VERB
ftr-323	55	21	that	that	SCONJ
ftr-323	55	22	this	this	DET
ftr-323	55	23	article	article	NOUN
ftr-323	55	24	will	will	AUX
ftr-323	55	25	contribute	contribute	VERB
ftr-323	55	26	to	to	ADP
ftr-323	55	27	that	that	DET
ftr-323	55	28	conversation	conversation	NOUN
ftr-323	55	29	.	.	PUNCT
ftr-323	56	1	our	our	PRON
ftr-323	56	2	fundamental	fundamental	ADJ
ftr-323	56	3	point	point	NOUN
ftr-323	56	4	is	be	AUX
ftr-323	56	5	that	that	SCONJ
ftr-323	56	6	because	because	SCONJ
ftr-323	56	7	of	of	ADP
ftr-323	56	8	the	the	DET
ftr-323	56	9	u.s	u.s	PROPN
ftr-323	56	10	.	.	PROPN
ftr-323	56	11	fiscal	fiscal	ADJ
ftr-323	56	12	situation	situation	NOUN
ftr-323	56	13	,	,	PUNCT
ftr-323	56	14	it	it	PRON
ftr-323	56	15	is	be	AUX
ftr-323	56	16	particularly	particularly	ADV
ftr-323	56	17	important	important	ADJ
ftr-323	56	18	that	that	SCONJ
ftr-323	56	19	a	a	DET
ftr-323	56	20	u.s	u.s	PROPN
ftr-323	56	21	.	.	PROPN
ftr-323	56	22	territorial	territorial	ADJ
ftr-323	56	23	system	system	NOUN
ftr-323	56	24	not	not	PART
ftr-323	56	25	forgo	forgo	VERB
ftr-323	56	26	more	more	ADJ
ftr-323	56	27	revenue	revenue	NOUN
ftr-323	56	28	than	than	SCONJ
ftr-323	56	29	is	be	AUX
ftr-323	56	30	necessary	necessary	ADJ
ftr-323	56	31	to	to	PART
ftr-323	56	32	achieve	achieve	VERB
ftr-323	56	33	the	the	DET
ftr-323	56	34	system	system	NOUN
ftr-323	56	35	’s	’s	PART
ftr-323	56	36	appropriate	appropriate	ADJ
ftr-323	56	37	ends	end	NOUN
ftr-323	56	38	.	.	PUNCT
ftr-323	57	1	part	part	PROPN
ftr-323	57	2	ii	ii	PROPN
ftr-323	57	3	illustrates	illustrate	VERB
ftr-323	57	4	why	why	SCONJ
ftr-323	57	5	nations	nation	NOUN
ftr-323	57	6	of	of	ADP
ftr-323	57	7	the	the	DET
ftr-323	57	8	world	world	NOUN
ftr-323	57	9	take	take	VERB
ftr-323	57	10	ameliorative	ameliorative	ADJ
ftr-323	57	11	action	action	NOUN
ftr-323	57	12	to	to	PART
ftr-323	57	13	mitigate	mitigate	VERB
ftr-323	57	14	double	double	ADJ
ftr-323	57	15	income	income	NOUN
ftr-323	57	16	taxation	taxation	NOUN
ftr-323	57	17	that	that	PRON
ftr-323	57	18	could	could	AUX
ftr-323	57	19	chill	chill	VERB
ftr-323	57	20	international	international	ADJ
ftr-323	57	21	trade	trade	NOUN
ftr-323	57	22	and	and	CCONJ
ftr-323	57	23	leave	leave	VERB
ftr-323	57	24	us	we	PRON
ftr-323	57	25	with	with	ADP
ftr-323	57	26	a	a	DET
ftr-323	57	27	poorer	poor	ADJ
ftr-323	57	28	planet	planet	NOUN
ftr-323	57	29	.	.	PUNCT
ftr-323	58	1	part	part	NOUN
ftr-323	58	2	iii	iii	PROPN
ftr-323	58	3	explains	explain	VERB
ftr-323	58	4	the	the	DET
ftr-323	58	5	customary	customary	ADJ
ftr-323	58	6	international	international	ADJ
ftr-323	58	7	law	law	NOUN
ftr-323	58	8	solution	solution	NOUN
ftr-323	58	9	to	to	ADP
ftr-323	58	10	the	the	DET
ftr-323	58	11	double	double	ADJ
ftr-323	58	12	taxation	taxation	NOUN
ftr-323	58	13	conundrum	conundrum	NOUN
ftr-323	58	14	.	.	PUNCT
ftr-323	59	1	part	part	NOUN
ftr-323	59	2	iv	iv	NUM
ftr-323	59	3	describes	describe	VERB
ftr-323	59	4	the	the	DET
ftr-323	59	5	current	current	ADJ
ftr-323	59	6	u.s	u.s	PROPN
ftr-323	59	7	.	.	PROPN
ftr-323	59	8	flirtation	flirtation	NOUN
ftr-323	59	9	with	with	ADP
ftr-323	59	10	territoriality	territoriality	NOUN
ftr-323	59	11	.	.	PUNCT
ftr-323	60	1	part	part	NOUN
ftr-323	60	2	v	v	ADP
ftr-323	60	3	briefly	briefly	NOUN
ftr-323	60	4	outlines	outline	VERB
ftr-323	60	5	the	the	DET
ftr-323	60	6	long	long	ADV
ftr-323	60	7	-	-	PUNCT
ftr-323	60	8	run	run	VERB
ftr-323	60	9	u.s	u.s	PROPN
ftr-323	60	10	.	.	PROPN
ftr-323	60	11	fiscal	fiscal	ADJ
ftr-323	60	12	challenge	challenge	NOUN
ftr-323	60	13	and	and	CCONJ
ftr-323	60	14	argues	argue	VERB
ftr-323	60	15	that	that	SCONJ
ftr-323	60	16	any	any	DET
ftr-323	60	17	u.s	u.s	PROPN
ftr-323	60	18	.	.	PROPN
ftr-323	60	19	territorial	territorial	ADJ
ftr-323	60	20	system	system	NOUN
ftr-323	60	21	should	should	AUX
ftr-323	60	22	be	be	AUX
ftr-323	60	23	structured	structure	VERB
ftr-323	60	24	to	to	PART
ftr-323	60	25	limit	limit	VERB
ftr-323	60	26	aggravation	aggravation	NOUN
ftr-323	60	27	of	of	ADP
ftr-323	60	28	the	the	DET
ftr-323	60	29	fiscal	fiscal	ADJ
ftr-323	60	30	problem	problem	NOUN
ftr-323	60	31	.	.	PUNCT
ftr-323	61	1	part	part	NOUN
ftr-323	61	2	vi	vi	PROPN
ftr-323	61	3	describes	describe	VERB
ftr-323	61	4	the	the	DET
ftr-323	61	5	dividend	dividend	NOUN
ftr-323	61	6	exemption	exemption	NOUN
ftr-323	61	7	element	element	NOUN
ftr-323	61	8	of	of	ADP
ftr-323	61	9	a	a	DET
ftr-323	61	10	properly	properly	ADV
ftr-323	61	11	structured	structure	VERB
ftr-323	61	12	territorial	territorial	ADJ
ftr-323	61	13	system	system	NOUN
ftr-323	61	14	,	,	PUNCT
ftr-323	61	15	and	and	CCONJ
ftr-323	61	16	take	take	VERB
ftr-323	61	17	?	?	PUNCT
ftr-323	61	18	,	,	PUNCT
ftr-323	61	19	65	65	NUM
ftr-323	61	20	tax	tax	NOUN
ftr-323	61	21	notes	note	NOUN
ftr-323	61	22	int’l	int’l	PRON
ftr-323	61	23	363	363	NUM
ftr-323	61	24	(	(	PUNCT
ftr-323	61	25	jan	jan	PROPN
ftr-323	61	26	.	.	PROPN
ftr-323	61	27	30	30	NUM
ftr-323	61	28	,	,	PUNCT
ftr-323	61	29	2012	2012	NUM
ftr-323	61	30	)	)	PUNCT
ftr-323	61	31	;	;	PUNCT
ftr-323	61	32	edward	edward	PROPN
ftr-323	61	33	d.	d.	PROPN
ftr-323	61	34	kleinbard	kleinbard	PROPN
ftr-323	61	35	,	,	PUNCT
ftr-323	61	36	the	the	DET
ftr-323	61	37	lessons	lesson	NOUN
ftr-323	61	38	of	of	ADP
ftr-323	61	39	stateless	stateless	NOUN
ftr-323	61	40	income	income	NOUN
ftr-323	61	41	,	,	PUNCT
ftr-323	61	42	65	65	NUM
ftr-323	61	43	tax	tax	NOUN
ftr-323	61	44	l.	l.	PROPN
ftr-323	61	45	rev	rev	PROPN
ftr-323	61	46	.	.	PROPN
ftr-323	61	47	99	99	NUM
ftr-323	61	48	,	,	PUNCT
ftr-323	61	49	101	101	NUM
ftr-323	61	50	,	,	PUNCT
ftr-323	61	51	152	152	NUM
ftr-323	61	52	-	-	SYM
ftr-323	61	53	66	66	NUM
ftr-323	61	54	(	(	PUNCT
ftr-323	61	55	2011	2011	NUM
ftr-323	61	56	)	)	PUNCT
ftr-323	62	1	[	[	X
ftr-323	62	2	hereinafter	hereinafter	NOUN
ftr-323	62	3	kleinbard	kleinbard	NOUN
ftr-323	62	4	,	,	PUNCT
ftr-323	62	5	lessons	lesson	NOUN
ftr-323	62	6	]	]	PUNCT
ftr-323	62	7	;	;	PUNCT
ftr-323	62	8	edward	edward	PROPN
ftr-323	62	9	d.	d.	PROPN
ftr-323	62	10	kleinbard	kleinbard	PROPN
ftr-323	62	11	,	,	PUNCT
ftr-323	62	12	throw	throw	VERB
ftr-323	62	13	territorial	territorial	ADJ
ftr-323	62	14	taxation	taxation	NOUN
ftr-323	62	15	from	from	ADP
ftr-323	62	16	the	the	DET
ftr-323	62	17	train	train	NOUN
ftr-323	62	18	,	,	PUNCT
ftr-323	62	19	114	114	NUM
ftr-323	62	20	tax	tax	NOUN
ftr-323	62	21	notes	note	NOUN
ftr-323	62	22	547	547	NUM
ftr-323	62	23	(	(	PUNCT
ftr-323	62	24	feb	feb	X
ftr-323	62	25	.	.	PROPN
ftr-323	62	26	5	5	NUM
ftr-323	62	27	,	,	PUNCT
ftr-323	62	28	2007	2007	NUM
ftr-323	62	29	)	)	PUNCT
ftr-323	62	30	;	;	PUNCT
ftr-323	62	31	see	see	VERB
ftr-323	62	32	also	also	ADV
ftr-323	62	33	kimberly	kimberly	PROPN
ftr-323	62	34	a.	a.	PROPN
ftr-323	62	35	clausing	clausing	PROPN
ftr-323	62	36	,	,	PUNCT
ftr-323	62	37	a	a	DET
ftr-323	62	38	challenging	challenging	ADJ
ftr-323	62	39	time	time	NOUN
ftr-323	62	40	for	for	ADP
ftr-323	62	41	international	international	ADJ
ftr-323	62	42	tax	tax	NOUN
ftr-323	62	43	policy	policy	NOUN
ftr-323	62	44	,	,	PUNCT
ftr-323	62	45	136	136	NUM
ftr-323	62	46	tax	tax	NOUN
ftr-323	62	47	notes	note	NOUN
ftr-323	62	48	281	281	NUM
ftr-323	62	49	(	(	PUNCT
ftr-323	62	50	july	july	PROPN
ftr-323	62	51	16	16	NUM
ftr-323	62	52	,	,	PUNCT
ftr-323	62	53	2012	2012	NUM
ftr-323	62	54	)	)	PUNCT
ftr-323	63	1	[	[	X
ftr-323	63	2	hereinafter	hereinafter	NOUN
ftr-323	63	3	clausing	clausing	NOUN
ftr-323	63	4	,	,	PUNCT
ftr-323	63	5	challenging	challenging	ADJ
ftr-323	63	6	time	time	NOUN
ftr-323	63	7	]	]	PUNCT
ftr-323	63	8	(	(	PUNCT
ftr-323	63	9	arguing	argue	VERB
ftr-323	63	10	that	that	SCONJ
ftr-323	63	11	an	an	DET
ftr-323	63	12	unlimited	unlimited	ADJ
ftr-323	63	13	u.s	u.s	PROPN
ftr-323	63	14	.	.	PROPN
ftr-323	63	15	territorial	territorial	ADJ
ftr-323	63	16	system	system	NOUN
ftr-323	63	17	“	"	PUNCT
ftr-323	63	18	would	would	AUX
ftr-323	63	19	increase	increase	VERB
ftr-323	63	20	employment	employment	NOUN
ftr-323	63	21	in	in	ADP
ftr-323	63	22	low	low	ADJ
ftr-323	63	23	-	-	PUNCT
ftr-323	63	24	tax	tax	NOUN
ftr-323	63	25	countries	country	NOUN
ftr-323	63	26	by	by	ADP
ftr-323	63	27	about	about	ADV
ftr-323	63	28	800,000	800,000	NUM
ftr-323	63	29	jobs	job	NOUN
ftr-323	63	30	”	"	PUNCT
ftr-323	63	31	and	and	CCONJ
ftr-323	63	32	that	that	SCONJ
ftr-323	63	33	in	in	ADP
ftr-323	63	34	the	the	DET
ftr-323	63	35	present	present	ADJ
ftr-323	63	36	weak	weak	ADJ
ftr-323	63	37	u.s	u.s	PROPN
ftr-323	63	38	.	.	PROPN
ftr-323	63	39	economy	economy	NOUN
ftr-323	63	40	“	"	PUNCT
ftr-323	63	41	those	those	DET
ftr-323	63	42	new	new	ADJ
ftr-323	63	43	,	,	PUNCT
ftr-323	63	44	low	low	ADJ
ftr-323	63	45	-	-	PUNCT
ftr-323	63	46	tax	tax	NOUN
ftr-323	63	47	-	-	PUNCT
ftr-323	63	48	country	country	NOUN
ftr-323	63	49	jobs	job	NOUN
ftr-323	63	50	could	could	AUX
ftr-323	63	51	displace	displace	VERB
ftr-323	63	52	jobs	job	NOUN
ftr-323	63	53	at	at	ADP
ftr-323	63	54	home	home	NOUN
ftr-323	63	55	”	"	PUNCT
ftr-323	63	56	)	)	PUNCT
ftr-323	63	57	.	.	PUNCT
ftr-323	64	1	for	for	ADP
ftr-323	64	2	the	the	DET
ftr-323	64	3	view	view	NOUN
ftr-323	64	4	that	that	SCONJ
ftr-323	64	5	the	the	DET
ftr-323	64	6	united	united	PROPN
ftr-323	64	7	states	states	PROPN
ftr-323	64	8	should	should	AUX
ftr-323	64	9	pursue	pursue	VERB
ftr-323	64	10	incremental	incremental	ADJ
ftr-323	64	11	international	international	ADJ
ftr-323	64	12	tax	tax	NOUN
ftr-323	64	13	reform	reform	NOUN
ftr-323	64	14	,	,	PUNCT
ftr-323	64	15	rather	rather	ADV
ftr-323	64	16	than	than	ADP
ftr-323	64	17	enact	enact	VERB
ftr-323	64	18	either	either	CCONJ
ftr-323	64	19	a	a	DET
ftr-323	64	20	full	full	ADJ
ftr-323	64	21	inclusion	inclusion	NOUN
ftr-323	64	22	system	system	NOUN
ftr-323	64	23	or	or	CCONJ
ftr-323	64	24	an	an	DET
ftr-323	64	25	exemption	exemption	NOUN
ftr-323	64	26	system	system	NOUN
ftr-323	64	27	for	for	ADP
ftr-323	64	28	foreign	foreign	ADJ
ftr-323	64	29	-	-	PUNCT
ftr-323	64	30	source	source	NOUN
ftr-323	64	31	income	income	NOUN
ftr-323	64	32	,	,	PUNCT
ftr-323	64	33	see	see	VERB
ftr-323	64	34	david	david	PROPN
ftr-323	64	35	l.	l.	PROPN
ftr-323	64	36	cameron	cameron	PROPN
ftr-323	64	37	&	&	CCONJ
ftr-323	64	38	philip	philip	PROPN
ftr-323	64	39	f.	f.	PROPN
ftr-323	64	40	postlewaite	postlewaite	PROPN
ftr-323	64	41	,	,	PUNCT
ftr-323	64	42	incremental	incremental	ADJ
ftr-323	64	43	international	international	ADJ
ftr-323	64	44	tax	tax	NOUN
ftr-323	64	45	reform	reform	NOUN
ftr-323	64	46	:	:	PUNCT
ftr-323	64	47	a	a	DET
ftr-323	64	48	review	review	NOUN
ftr-323	64	49	of	of	ADP
ftr-323	64	50	selected	select	VERB
ftr-323	64	51	proposals	proposal	NOUN
ftr-323	64	52	,	,	PUNCT
ftr-323	64	53	30	30	NUM
ftr-323	64	54	nw	nw	PROPN
ftr-323	64	55	.	.	PUNCT
ftr-323	64	56	j.	j.	PROPN
ftr-323	64	57	int’l	int’l	PROPN
ftr-323	64	58	l.	l.	PROPN
ftr-323	64	59	&	&	CCONJ
ftr-323	64	60	bus	bus	PROPN
ftr-323	64	61	.	.	PUNCT
ftr-323	65	1	565	565	NUM
ftr-323	65	2	(	(	PUNCT
ftr-323	65	3	2010	2010	NUM
ftr-323	65	4	)	)	PUNCT
ftr-323	65	5	;	;	PUNCT
ftr-323	65	6	robert	robert	PROPN
ftr-323	65	7	h.	h.	PROPN
ftr-323	65	8	dilworth	dilworth	PROPN
ftr-323	65	9	,	,	PUNCT
ftr-323	65	10	president	president	NOUN
ftr-323	65	11	’s	’s	PART
ftr-323	65	12	economic	economic	PROPN
ftr-323	65	13	recovery	recovery	NOUN
ftr-323	65	14	advisory	advisory	PROPN
ftr-323	65	15	board	board	NOUN
ftr-323	65	16	:	:	PUNCT
ftr-323	65	17	suggested	suggest	VERB
ftr-323	65	18	considerations	consideration	NOUN
ftr-323	65	19	in	in	ADP
ftr-323	65	20	fundamental	fundamental	ADJ
ftr-323	65	21	reform	reform	NOUN
ftr-323	65	22	of	of	ADP
ftr-323	65	23	the	the	DET
ftr-323	65	24	united	united	PROPN
ftr-323	65	25	states	states	PROPN
ftr-323	65	26	tax	tax	NOUN
ftr-323	65	27	treatment	treatment	NOUN
ftr-323	65	28	of	of	ADP
ftr-323	65	29	income	income	NOUN
ftr-323	65	30	from	from	ADP
ftr-323	65	31	cross	cross	NOUN
ftr-323	65	32	border	border	NOUN
ftr-323	65	33	trade	trade	NOUN
ftr-323	65	34	and	and	CCONJ
ftr-323	65	35	investment	investment	NOUN
ftr-323	65	36	,	,	PUNCT
ftr-323	65	37	30	30	NUM
ftr-323	65	38	nw	nw	PROPN
ftr-323	65	39	.	.	PUNCT
ftr-323	65	40	j.	j.	PROPN
ftr-323	65	41	int’l	int’l	PROPN
ftr-323	65	42	l.	l.	PROPN
ftr-323	65	43	&	&	CCONJ
ftr-323	65	44	bus	bus	PROPN
ftr-323	65	45	.	.	PUNCT
ftr-323	66	1	551	551	NUM
ftr-323	66	2	(	(	PUNCT
ftr-323	66	3	2010	2010	NUM
ftr-323	66	4	)	)	PUNCT
ftr-323	66	5	;	;	PUNCT
ftr-323	67	1	robert	robert	PROPN
ftr-323	67	2	h.	h.	PROPN
ftr-323	67	3	dilworth	dilworth	PROPN
ftr-323	67	4	,	,	PUNCT
ftr-323	67	5	tax	tax	NOUN
ftr-323	67	6	reform	reform	NOUN
ftr-323	67	7	:	:	PUNCT
ftr-323	67	8	international	international	ADJ
ftr-323	67	9	tax	tax	NOUN
ftr-323	67	10	issues	issue	NOUN
ftr-323	67	11	and	and	CCONJ
ftr-323	67	12	some	some	DET
ftr-323	67	13	proposals	proposal	NOUN
ftr-323	67	14	,	,	PUNCT
ftr-323	67	15	35	35	NUM
ftr-323	67	16	int’l	int’l	NUM
ftr-323	67	17	tax	tax	NOUN
ftr-323	67	18	j.	j.	PROPN
ftr-323	67	19	5	5	NUM
ftr-323	67	20	(	(	PUNCT
ftr-323	67	21	sept	sept	PROPN
ftr-323	67	22	.	.	PROPN
ftr-323	67	23	2009	2009	NUM
ftr-323	67	24	)	)	PUNCT
ftr-323	67	25	.	.	PUNCT
ftr-323	68	1	4	4	X
ftr-323	68	2	.	.	X
ftr-323	68	3	see	see	VERB
ftr-323	68	4	generally	generally	ADV
ftr-323	68	5	j.	j.	PROPN
ftr-323	68	6	clifton	clifton	PROPN
ftr-323	68	7	fleming	fleming	PROPN
ftr-323	68	8	,	,	PUNCT
ftr-323	68	9	jr	jr	PROPN
ftr-323	68	10	.	.	PROPN
ftr-323	68	11	,	,	PUNCT
ftr-323	68	12	robert	robert	PROPN
ftr-323	68	13	j.	j.	PROPN
ftr-323	68	14	peroni	peroni	PROPN
ftr-323	68	15	&	&	CCONJ
ftr-323	68	16	stephen	stephen	PROPN
ftr-323	68	17	e.	e.	PROPN
ftr-323	68	18	shay	shay	PROPN
ftr-323	68	19	,	,	PUNCT
ftr-323	68	20	worse	bad	ADJ
ftr-323	68	21	than	than	ADP
ftr-323	68	22	exemption	exemption	NOUN
ftr-323	68	23	,	,	PUNCT
ftr-323	68	24	59	59	NUM
ftr-323	68	25	emory	emory	PROPN
ftr-323	68	26	l.j	l.j	PROPN
ftr-323	68	27	.	.	PROPN
ftr-323	68	28	79	79	NUM
ftr-323	68	29	(	(	PUNCT
ftr-323	68	30	2009	2009	NUM
ftr-323	68	31	)	)	PUNCT
ftr-323	69	1	[	[	X
ftr-323	69	2	hereinafter	hereinafter	NOUN
ftr-323	69	3	fleming	fleming	NOUN
ftr-323	69	4	,	,	PUNCT
ftr-323	69	5	peroni	peroni	PROPN
ftr-323	69	6	&	&	CCONJ
ftr-323	69	7	shay	shay	PROPN
ftr-323	69	8	,	,	PUNCT
ftr-323	69	9	worse	bad	ADJ
ftr-323	69	10	than	than	ADP
ftr-323	69	11	exemption	exemption	NOUN
ftr-323	69	12	]	]	PUNCT
ftr-323	69	13	.	.	PUNCT
ftr-323	69	14	5	5	X
ftr-323	69	15	.	.	X
ftr-323	69	16	house	house	NOUN
ftr-323	69	17	ways	way	NOUN
ftr-323	69	18	and	and	CCONJ
ftr-323	69	19	means	mean	VERB
ftr-323	69	20	committee	committee	NOUN
ftr-323	69	21	chairman	chairman	NOUN
ftr-323	69	22	david	david	PROPN
ftr-323	69	23	camp	camp	PROPN
ftr-323	69	24	has	have	AUX
ftr-323	69	25	published	publish	VERB
ftr-323	69	26	a	a	DET
ftr-323	69	27	draft	draft	NOUN
ftr-323	69	28	proposal	proposal	NOUN
ftr-323	69	29	to	to	PART
ftr-323	69	30	shift	shift	VERB
ftr-323	69	31	the	the	DET
ftr-323	69	32	united	united	PROPN
ftr-323	69	33	states	states	PROPN
ftr-323	69	34	to	to	ADP
ftr-323	69	35	an	an	DET
ftr-323	69	36	exemption	exemption	NOUN
ftr-323	69	37	system	system	NOUN
ftr-323	69	38	.	.	PUNCT
ftr-323	70	1	see	see	VERB
ftr-323	70	2	ways	way	NOUN
ftr-323	70	3	and	and	CCONJ
ftr-323	70	4	means	mean	VERB
ftr-323	70	5	discussion	discussion	NOUN
ftr-323	70	6	draft	draft	NOUN
ftr-323	70	7	and	and	CCONJ
ftr-323	70	8	its	its	PRON
ftr-323	70	9	technical	technical	ADJ
ftr-323	70	10	explanation	explanation	NOUN
ftr-323	70	11	,	,	PUNCT
ftr-323	70	12	http://waysandmeans.house.gov/taxreform/.	http://waysandmeans.house.gov/taxreform/.	DET
ftr-323	70	13	senator	senator	NOUN
ftr-323	70	14	michael	michael	PROPN
ftr-323	70	15	enzi	enzi	PROPN
ftr-323	70	16	has	have	AUX
ftr-323	70	17	introduced	introduce	VERB
ftr-323	70	18	a	a	DET
ftr-323	70	19	similar	similar	ADJ
ftr-323	70	20	,	,	PUNCT
ftr-323	70	21	if	if	SCONJ
ftr-323	70	22	less	less	ADV
ftr-323	70	23	ambitious	ambitious	ADJ
ftr-323	70	24	,	,	PUNCT
ftr-323	70	25	proposal	proposal	NOUN
ftr-323	70	26	.	.	PUNCT
ftr-323	71	1	see	see	VERB
ftr-323	71	2	united	united	PROPN
ftr-323	71	3	states	states	PROPN
ftr-323	71	4	job	job	NOUN
ftr-323	71	5	creation	creation	NOUN
ftr-323	71	6	and	and	CCONJ
ftr-323	71	7	international	international	ADJ
ftr-323	71	8	tax	tax	NOUN
ftr-323	71	9	reform	reform	NOUN
ftr-323	71	10	act	act	NOUN
ftr-323	71	11	of	of	ADP
ftr-323	71	12	2012	2012	NUM
ftr-323	71	13	,	,	PUNCT
ftr-323	71	14	s.	s.	PROPN
ftr-323	71	15	2091	2091	NUM
ftr-323	71	16	,	,	PUNCT
ftr-323	71	17	112th	112th	PROPN
ftr-323	71	18	cong	cong	NOUN
ftr-323	71	19	.	.	PUNCT
ftr-323	72	1	2d	2d	PROPN
ftr-323	72	2	sess	sess	PROPN
ftr-323	72	3	.	.	PUNCT
ftr-323	73	1	(	(	PUNCT
ftr-323	73	2	2012	2012	NUM
ftr-323	73	3	)	)	PUNCT
ftr-323	73	4	.	.	PUNCT
ftr-323	74	1	2012	2012	NUM
ftr-323	74	2	]	]	PUNCT
ftr-323	74	3	exemption	exemption	NOUN
ftr-323	74	4	when	when	SCONJ
ftr-323	74	5	the	the	DET
ftr-323	74	6	treasury	treasury	NOUN
ftr-323	74	7	is	be	AUX
ftr-323	74	8	empty	empty	ADJ
ftr-323	74	9	401	401	NUM
ftr-323	74	10	part	part	NOUN
ftr-323	74	11	vii	vii	PROPN
ftr-323	74	12	outlines	outline	VERB
ftr-323	74	13	the	the	DET
ftr-323	74	14	branch	branch	NOUN
ftr-323	74	15	exemption	exemption	NOUN
ftr-323	74	16	component	component	NOUN
ftr-323	74	17	of	of	ADP
ftr-323	74	18	such	such	DET
ftr-323	74	19	a	a	DET
ftr-323	74	20	system	system	NOUN
ftr-323	74	21	.	.	PUNCT
ftr-323	75	1	part	part	NOUN
ftr-323	75	2	viii	viii	ADJ
ftr-323	75	3	deals	deal	NOUN
ftr-323	75	4	with	with	ADP
ftr-323	75	5	certain	certain	ADJ
ftr-323	75	6	structural	structural	ADJ
ftr-323	75	7	issues	issue	NOUN
ftr-323	75	8	.	.	PUNCT
ftr-323	76	1	part	part	NOUN
ftr-323	76	2	ix	ix	ADV
ftr-323	76	3	discusses	discuss	VERB
ftr-323	76	4	“	"	PUNCT
ftr-323	76	5	competitiveness	competitiveness	NOUN
ftr-323	76	6	”	"	PUNCT
ftr-323	76	7	concerns	concern	NOUN
ftr-323	76	8	and	and	CCONJ
ftr-323	76	9	the	the	DET
ftr-323	76	10	relevance	relevance	NOUN
ftr-323	76	11	of	of	ADP
ftr-323	76	12	tax	tax	NOUN
ftr-323	76	13	expenditure	expenditure	NOUN
ftr-323	76	14	analysis	analysis	NOUN
ftr-323	76	15	.	.	PUNCT
ftr-323	77	1	in	in	ADP
ftr-323	77	2	part	part	NOUN
ftr-323	77	3	x	x	NOUN
ftr-323	77	4	,	,	PUNCT
ftr-323	77	5	we	we	PRON
ftr-323	77	6	summarize	summarize	VERB
ftr-323	77	7	our	our	PRON
ftr-323	77	8	conclusions	conclusion	NOUN
ftr-323	77	9	.	.	PUNCT
ftr-323	78	1	ii	ii	PROPN
ftr-323	78	2	.	.	PUNCT
ftr-323	79	1	the	the	DET
ftr-323	79	2	double	double	ADJ
ftr-323	79	3	taxation	taxation	NOUN
ftr-323	79	4	conundrum	conundrum	NOUN
ftr-323	79	5	every	every	DET
ftr-323	79	6	country	country	NOUN
ftr-323	79	7	has	have	VERB
ftr-323	79	8	a	a	DET
ftr-323	79	9	normative	normative	ADJ
ftr-323	79	10	claim	claim	NOUN
ftr-323	79	11	,	,	PUNCT
ftr-323	79	12	based	base	VERB
ftr-323	79	13	on	on	ADP
ftr-323	79	14	the	the	DET
ftr-323	79	15	ability	ability	NOUN
ftr-323	79	16	-	-	PUNCT
ftr-323	79	17	to	to	ADP
ftr-323	79	18	-	-	PUNCT
ftr-323	79	19	pay	pay	NOUN
ftr-323	79	20	principle	principle	NOUN
ftr-323	79	21	,	,	PUNCT
ftr-323	79	22	to	to	PART
ftr-323	79	23	tax	tax	VERB
ftr-323	79	24	its	its	PRON
ftr-323	79	25	residents	resident	NOUN
ftr-323	79	26	on	on	ADP
ftr-323	79	27	their	their	PRON
ftr-323	79	28	foreign	foreign	ADJ
ftr-323	79	29	-	-	PUNCT
ftr-323	79	30	source	source	NOUN
ftr-323	79	31	income,6	income,6	NOUN
ftr-323	79	32	and	and	CCONJ
ftr-323	79	33	the	the	DET
ftr-323	79	34	exercise	exercise	NOUN
ftr-323	79	35	of	of	ADP
ftr-323	79	36	this	this	DET
ftr-323	79	37	normative	normative	ADJ
ftr-323	79	38	claim	claim	NOUN
ftr-323	79	39	is	be	AUX
ftr-323	79	40	indisputably	indisputably	ADV
ftr-323	79	41	permitted	permit	VERB
ftr-323	79	42	by	by	ADP
ftr-323	79	43	customary	customary	ADJ
ftr-323	79	44	international	international	ADJ
ftr-323	79	45	law.7	law.7	NOUN
ftr-323	79	46	in	in	ADP
ftr-323	79	47	addition	addition	NOUN
ftr-323	79	48	,	,	PUNCT
ftr-323	79	49	every	every	DET
ftr-323	79	50	country	country	NOUN
ftr-323	79	51	has	have	VERB
ftr-323	79	52	a	a	DET
ftr-323	79	53	normative	normative	ADJ
ftr-323	79	54	claim	claim	NOUN
ftr-323	79	55	,	,	PUNCT
ftr-323	79	56	based	base	VERB
ftr-323	79	57	on	on	ADP
ftr-323	79	58	a	a	DET
ftr-323	79	59	benefits	benefit	NOUN
ftr-323	79	60	-	-	PUNCT
ftr-323	79	61	received	receive	VERB
ftr-323	79	62	rationale,8	rationale,8	NOUN
ftr-323	79	63	to	to	ADP
ftr-323	79	64	tax	tax	NOUN
ftr-323	79	65	income	income	NOUN
ftr-323	79	66	earned	earn	VERB
ftr-323	79	67	by	by	ADP
ftr-323	79	68	foreigners	foreigner	NOUN
ftr-323	79	69	within	within	ADP
ftr-323	79	70	its	its	PRON
ftr-323	79	71	borders	border	NOUN
ftr-323	79	72	,	,	PUNCT
ftr-323	79	73	and	and	CCONJ
ftr-323	79	74	the	the	DET
ftr-323	79	75	exercise	exercise	NOUN
ftr-323	79	76	of	of	ADP
ftr-323	79	77	this	this	DET
ftr-323	79	78	normative	normative	ADJ
ftr-323	79	79	claim	claim	NOUN
ftr-323	79	80	is	be	AUX
ftr-323	79	81	also	also	ADV
ftr-323	79	82	indisputably	indisputably	ADV
ftr-323	79	83	permitted	permit	VERB
ftr-323	79	84	by	by	ADP
ftr-323	79	85	customary	customary	ADJ
ftr-323	79	86	international	international	PROPN
ftr-323	79	87	law.9	law.9	PROPN
ftr-323	79	88	thus	thus	ADV
ftr-323	79	89	,	,	PUNCT
ftr-323	79	90	the	the	DET
ftr-323	79	91	foreign	foreign	ADJ
ftr-323	79	92	-	-	PUNCT
ftr-323	79	93	source	source	NOUN
ftr-323	79	94	income	income	NOUN
ftr-323	79	95	of	of	ADP
ftr-323	79	96	a	a	DET
ftr-323	79	97	resident	resident	NOUN
ftr-323	79	98	of	of	ADP
ftr-323	79	99	a	a	DET
ftr-323	79	100	particular	particular	ADJ
ftr-323	79	101	country	country	NOUN
ftr-323	79	102	(	(	PUNCT
ftr-323	79	103	the	the	DET
ftr-323	79	104	“	"	PUNCT
ftr-323	79	105	residence	residence	NOUN
ftr-323	79	106	country	country	NOUN
ftr-323	79	107	”	"	PUNCT
ftr-323	79	108	)	)	PUNCT
ftr-323	79	109	is	be	AUX
ftr-323	79	110	potentially	potentially	ADV
ftr-323	79	111	subject	subject	ADJ
ftr-323	79	112	to	to	ADP
ftr-323	79	113	taxation	taxation	NOUN
ftr-323	79	114	by	by	ADP
ftr-323	79	115	both	both	CCONJ
ftr-323	79	116	the	the	DET
ftr-323	79	117	residence	residence	NOUN
ftr-323	79	118	country	country	NOUN
ftr-323	79	119	and	and	CCONJ
ftr-323	79	120	the	the	DET
ftr-323	79	121	foreign	foreign	ADJ
ftr-323	79	122	country	country	NOUN
ftr-323	79	123	(	(	PUNCT
ftr-323	79	124	the	the	DET
ftr-323	79	125	“	"	PUNCT
ftr-323	79	126	source	source	NOUN
ftr-323	79	127	country	country	NOUN
ftr-323	79	128	”	"	PUNCT
ftr-323	79	129	)	)	PUNCT
ftr-323	79	130	where	where	SCONJ
ftr-323	79	131	the	the	DET
ftr-323	79	132	income	income	NOUN
ftr-323	79	133	was	be	AUX
ftr-323	79	134	earned.10	earned.10	NOUN
ftr-323	79	135	more	more	ADV
ftr-323	79	136	than	than	ADP
ftr-323	79	137	insubstantial	insubstantial	ADJ
ftr-323	79	138	6	6	NUM
ftr-323	79	139	.	.	PUNCT
ftr-323	80	1	see	see	PROPN
ftr-323	80	2	ilan	ilan	PROPN
ftr-323	80	3	benshalom	benshalom	PROPN
ftr-323	80	4	,	,	PUNCT
ftr-323	80	5	the	the	DET
ftr-323	80	6	new	new	ADJ
ftr-323	80	7	poor	poor	ADJ
ftr-323	80	8	at	at	ADP
ftr-323	80	9	our	our	PRON
ftr-323	80	10	gates	gate	NOUN
ftr-323	80	11	:	:	PUNCT
ftr-323	80	12	global	global	ADJ
ftr-323	80	13	justice	justice	NOUN
ftr-323	80	14	implications	implication	NOUN
ftr-323	80	15	for	for	ADP
ftr-323	80	16	international	international	ADJ
ftr-323	80	17	trade	trade	NOUN
ftr-323	80	18	and	and	CCONJ
ftr-323	80	19	tax	tax	NOUN
ftr-323	80	20	law	law	NOUN
ftr-323	80	21	,	,	PUNCT
ftr-323	80	22	85	85	NUM
ftr-323	80	23	n.y.u	n.y.u	NOUN
ftr-323	80	24	.	.	PUNCT
ftr-323	81	1	l.	l.	PROPN
ftr-323	81	2	rev	rev	PROPN
ftr-323	81	3	.	.	PROPN
ftr-323	81	4	1	1	NUM
ftr-323	81	5	,	,	PUNCT
ftr-323	81	6	75	75	NUM
ftr-323	81	7	(	(	PUNCT
ftr-323	81	8	2010	2010	NUM
ftr-323	81	9	)	)	PUNCT
ftr-323	81	10	;	;	PUNCT
ftr-323	81	11	fleming	fleming	NOUN
ftr-323	81	12	,	,	PUNCT
ftr-323	81	13	peroni	peroni	PROPN
ftr-323	81	14	&	&	CCONJ
ftr-323	81	15	shay	shay	PROPN
ftr-323	81	16	,	,	PUNCT
ftr-323	81	17	fairness	fairness	NOUN
ftr-323	81	18	in	in	ADP
ftr-323	81	19	international	international	ADJ
ftr-323	81	20	taxation	taxation	NOUN
ftr-323	81	21	,	,	PUNCT
ftr-323	81	22	supra	supra	PROPN
ftr-323	81	23	note	note	PROPN
ftr-323	81	24	3	3	NUM
ftr-323	81	25	;	;	PUNCT
ftr-323	81	26	roy	roy	PROPN
ftr-323	81	27	rohatgi	rohatgi	PROPN
ftr-323	81	28	,	,	PUNCT
ftr-323	81	29	basic	basic	ADJ
ftr-323	81	30	international	international	ADJ
ftr-323	81	31	taxation	taxation	NOUN
ftr-323	81	32	12	12	NUM
ftr-323	81	33	(	(	PUNCT
ftr-323	81	34	2002	2002	NUM
ftr-323	81	35	)	)	PUNCT
ftr-323	82	1	[	[	X
ftr-323	82	2	hereinafter	hereinafter	NOUN
ftr-323	82	3	rohatgi	rohatgi	ADJ
ftr-323	82	4	,	,	PUNCT
ftr-323	82	5	basic	basic	ADJ
ftr-323	82	6	international	international	ADJ
ftr-323	82	7	taxation	taxation	NOUN
ftr-323	82	8	]	]	PUNCT
ftr-323	82	9	.	.	PUNCT
ftr-323	83	1	for	for	ADP
ftr-323	83	2	a	a	DET
ftr-323	83	3	discussion	discussion	NOUN
ftr-323	83	4	of	of	ADP
ftr-323	83	5	the	the	DET
ftr-323	83	6	connection	connection	NOUN
ftr-323	83	7	of	of	ADP
ftr-323	83	8	source	source	NOUN
ftr-323	83	9	-	-	PUNCT
ftr-323	83	10	based	base	VERB
ftr-323	83	11	taxation	taxation	NOUN
ftr-323	83	12	and	and	CCONJ
ftr-323	83	13	residence	residence	NOUN
ftr-323	83	14	-	-	PUNCT
ftr-323	83	15	based	base	VERB
ftr-323	83	16	taxation	taxation	NOUN
ftr-323	83	17	to	to	ADP
ftr-323	83	18	the	the	DET
ftr-323	83	19	international	international	ADJ
ftr-323	83	20	law	law	NOUN
ftr-323	83	21	concept	concept	NOUN
ftr-323	83	22	of	of	ADP
ftr-323	83	23	sovereignty	sovereignty	NOUN
ftr-323	83	24	,	,	PUNCT
ftr-323	83	25	see	see	VERB
ftr-323	83	26	diane	diane	NOUN
ftr-323	83	27	m.	m.	NOUN
ftr-323	83	28	ring	ring	NOUN
ftr-323	83	29	,	,	PUNCT
ftr-323	83	30	what	what	PRON
ftr-323	83	31	’s	’	VERB
ftr-323	83	32	at	at	ADP
ftr-323	83	33	stake	stake	NOUN
ftr-323	83	34	in	in	ADP
ftr-323	83	35	the	the	DET
ftr-323	83	36	sovereignty	sovereignty	NOUN
ftr-323	83	37	debate	debate	NOUN
ftr-323	83	38	?	?	PUNCT
ftr-323	83	39	:	:	PUNCT
ftr-323	83	40	international	international	ADJ
ftr-323	83	41	tax	tax	NOUN
ftr-323	83	42	and	and	CCONJ
ftr-323	83	43	the	the	DET
ftr-323	83	44	nation	nation	NOUN
ftr-323	83	45	-	-	PUNCT
ftr-323	83	46	state	state	NOUN
ftr-323	83	47	,	,	PUNCT
ftr-323	83	48	49	49	NUM
ftr-323	83	49	va	va	NOUN
ftr-323	83	50	.	.	PUNCT
ftr-323	84	1	j.	j.	PROPN
ftr-323	84	2	int’l	int’l	PROPN
ftr-323	84	3	l.	l.	PROPN
ftr-323	84	4	155	155	NUM
ftr-323	84	5	(	(	PUNCT
ftr-323	84	6	2008	2008	NUM
ftr-323	84	7	)	)	PUNCT
ftr-323	84	8	.	.	PUNCT
ftr-323	85	1	7	7	X
ftr-323	85	2	.	.	X
ftr-323	85	3	see	see	VERB
ftr-323	85	4	restatement	restatement	NOUN
ftr-323	85	5	(	(	PUNCT
ftr-323	85	6	third	third	ADJ
ftr-323	85	7	)	)	PUNCT
ftr-323	85	8	of	of	ADP
ftr-323	85	9	the	the	DET
ftr-323	85	10	foreign	foreign	ADJ
ftr-323	85	11	relations	relation	NOUN
ftr-323	85	12	law	law	NOUN
ftr-323	85	13	of	of	ADP
ftr-323	85	14	the	the	DET
ftr-323	85	15	united	united	PROPN
ftr-323	85	16	states	states	PROPN
ftr-323	85	17	§	§	PROPN
ftr-323	85	18	412(1)(a	412(1)(a	PROPN
ftr-323	85	19	)	)	PUNCT
ftr-323	85	20	(	(	PUNCT
ftr-323	85	21	1987	1987	NUM
ftr-323	85	22	)	)	PUNCT
ftr-323	85	23	;	;	PUNCT
ftr-323	85	24	reuven	reuven	PROPN
ftr-323	85	25	s.	s.	PROPN
ftr-323	85	26	avi	avi	PROPN
ftr-323	85	27	-	-	PUNCT
ftr-323	85	28	yonah	yonah	ADJ
ftr-323	85	29	,	,	PUNCT
ftr-323	85	30	international	international	ADJ
ftr-323	85	31	tax	tax	NOUN
ftr-323	85	32	as	as	ADP
ftr-323	85	33	international	international	ADJ
ftr-323	85	34	law	law	NOUN
ftr-323	85	35	:	:	PUNCT
ftr-323	85	36	an	an	DET
ftr-323	85	37	analysis	analysis	NOUN
ftr-323	85	38	of	of	ADP
ftr-323	85	39	the	the	DET
ftr-323	85	40	international	international	ADJ
ftr-323	85	41	tax	tax	NOUN
ftr-323	85	42	regime	regime	NOUN
ftr-323	85	43	22–27	22–27	NUM
ftr-323	85	44	(	(	PUNCT
ftr-323	85	45	2007	2007	NUM
ftr-323	85	46	)	)	PUNCT
ftr-323	86	1	[	[	X
ftr-323	86	2	hereinafter	hereinafter	NOUN
ftr-323	86	3	avi	avi	NOUN
ftr-323	86	4	-	-	PUNCT
ftr-323	86	5	yonah	yonah	ADJ
ftr-323	86	6	,	,	PUNCT
ftr-323	86	7	international	international	ADJ
ftr-323	86	8	tax	tax	NOUN
ftr-323	86	9	as	as	ADP
ftr-323	86	10	international	international	ADJ
ftr-323	86	11	law	law	NOUN
ftr-323	86	12	]	]	PUNCT
ftr-323	86	13	;	;	PUNCT
ftr-323	86	14	michael	michael	PROPN
ftr-323	86	15	s.	s.	PROPN
ftr-323	86	16	kirsch	kirsch	PROPN
ftr-323	86	17	,	,	PUNCT
ftr-323	86	18	the	the	DET
ftr-323	86	19	role	role	NOUN
ftr-323	86	20	of	of	ADP
ftr-323	86	21	physical	physical	ADJ
ftr-323	86	22	presence	presence	NOUN
ftr-323	86	23	in	in	ADP
ftr-323	86	24	the	the	DET
ftr-323	86	25	taxation	taxation	NOUN
ftr-323	86	26	of	of	ADP
ftr-323	86	27	cross	cross	ADJ
ftr-323	86	28	-	-	ADJ
ftr-323	86	29	border	border	ADJ
ftr-323	86	30	personal	personal	ADJ
ftr-323	86	31	services	service	NOUN
ftr-323	86	32	,	,	PUNCT
ftr-323	86	33	51	51	NUM
ftr-323	86	34	b.c	b.c	PROPN
ftr-323	86	35	.	.	PROPN
ftr-323	86	36	l.	l.	PROPN
ftr-323	86	37	rev	rev	PROPN
ftr-323	86	38	.	.	PROPN
ftr-323	86	39	993	993	NUM
ftr-323	86	40	,	,	PUNCT
ftr-323	86	41	999	999	NUM
ftr-323	86	42	(	(	PUNCT
ftr-323	86	43	2010	2010	NUM
ftr-323	86	44	)	)	PUNCT
ftr-323	87	1	[	[	X
ftr-323	87	2	hereinafter	hereinafter	NOUN
ftr-323	87	3	kirsch	kirsch	NOUN
ftr-323	87	4	,	,	PUNCT
ftr-323	87	5	physical	physical	ADJ
ftr-323	87	6	presence	presence	NOUN
ftr-323	87	7	]	]	PUNCT
ftr-323	87	8	;	;	PUNCT
ftr-323	87	9	see	see	VERB
ftr-323	87	10	also	also	ADV
ftr-323	87	11	kim	kim	PROPN
ftr-323	87	12	brooks	brooks	PROPN
ftr-323	87	13	,	,	PUNCT
ftr-323	87	14	global	global	ADJ
ftr-323	87	15	distributive	distributive	ADJ
ftr-323	87	16	justice	justice	NOUN
ftr-323	87	17	:	:	PUNCT
ftr-323	87	18	the	the	DET
ftr-323	87	19	potential	potential	NOUN
ftr-323	87	20	for	for	ADP
ftr-323	87	21	a	a	DET
ftr-323	87	22	feminist	feminist	ADJ
ftr-323	87	23	analysis	analysis	NOUN
ftr-323	87	24	of	of	ADP
ftr-323	87	25	international	international	ADJ
ftr-323	87	26	tax	tax	NOUN
ftr-323	87	27	revenue	revenue	NOUN
ftr-323	87	28	allocation	allocation	NOUN
ftr-323	87	29	,	,	PUNCT
ftr-323	87	30	21	21	NUM
ftr-323	87	31	can	can	NOUN
ftr-323	87	32	.	.	PUNCT
ftr-323	88	1	j.	j.	PROPN
ftr-323	88	2	women	women	PROPN
ftr-323	88	3	&	&	CCONJ
ftr-323	88	4	l.	l.	PROPN
ftr-323	88	5	267	267	NUM
ftr-323	88	6	,	,	PUNCT
ftr-323	88	7	280	280	NUM
ftr-323	88	8	(	(	PUNCT
ftr-323	88	9	2009	2009	NUM
ftr-323	88	10	)	)	PUNCT
ftr-323	89	1	[	[	X
ftr-323	89	2	hereinafter	hereinafter	NOUN
ftr-323	89	3	brooks	brooks	NOUN
ftr-323	89	4	,	,	PUNCT
ftr-323	89	5	global	global	ADJ
ftr-323	89	6	distributive	distributive	ADJ
ftr-323	89	7	justice	justice	NOUN
ftr-323	89	8	]	]	PUNCT
ftr-323	89	9	.	.	PUNCT
ftr-323	90	1	8	8	X
ftr-323	90	2	.	.	X
ftr-323	91	1	see	see	VERB
ftr-323	91	2	kirsch	kirsch	PROPN
ftr-323	91	3	,	,	PUNCT
ftr-323	91	4	physical	physical	ADJ
ftr-323	91	5	presence	presence	NOUN
ftr-323	91	6	,	,	PUNCT
ftr-323	91	7	supra	supra	PROPN
ftr-323	91	8	note	note	PROPN
ftr-323	91	9	7	7	NUM
ftr-323	91	10	,	,	PUNCT
ftr-323	91	11	at	at	ADP
ftr-323	91	12	1040	1040	NUM
ftr-323	91	13	;	;	PUNCT
ftr-323	91	14	stephen	stephen	PROPN
ftr-323	91	15	e.	e.	PROPN
ftr-323	91	16	shay	shay	PROPN
ftr-323	91	17	,	,	PUNCT
ftr-323	91	18	j.	j.	PROPN
ftr-323	91	19	clifton	clifton	PROPN
ftr-323	91	20	fleming	fleming	PROPN
ftr-323	91	21	,	,	PUNCT
ftr-323	91	22	jr	jr	PROPN
ftr-323	91	23	.	.	PROPN
ftr-323	91	24	&	&	CCONJ
ftr-323	91	25	robert	robert	PROPN
ftr-323	91	26	j.	j.	PROPN
ftr-323	91	27	peroni	peroni	PROPN
ftr-323	91	28	,	,	PUNCT
ftr-323	91	29	the	the	DET
ftr-323	91	30	david	david	PROPN
ftr-323	91	31	r.	r.	PROPN
ftr-323	91	32	tillinghast	tillinghast	PROPN
ftr-323	91	33	lecture	lecture	PROPN
ftr-323	91	34	:	:	PUNCT
ftr-323	91	35	“	"	PUNCT
ftr-323	91	36	what	what	PRON
ftr-323	91	37	’s	’	VERB
ftr-323	91	38	source	source	NOUN
ftr-323	91	39	got	get	VERB
ftr-323	91	40	to	to	PART
ftr-323	91	41	do	do	VERB
ftr-323	91	42	with	with	ADP
ftr-323	91	43	it	it	PRON
ftr-323	91	44	?	?	PUNCT
ftr-323	91	45	”	"	PUNCT
ftr-323	92	1	—	—	PUNCT
ftr-323	92	2	source	source	NOUN
ftr-323	92	3	rules	rule	NOUN
ftr-323	92	4	and	and	CCONJ
ftr-323	92	5	international	international	ADJ
ftr-323	92	6	taxation	taxation	NOUN
ftr-323	92	7	,	,	PUNCT
ftr-323	92	8	56	56	NUM
ftr-323	92	9	tax	tax	NOUN
ftr-323	92	10	l.	l.	PROPN
ftr-323	92	11	rev	rev	PROPN
ftr-323	92	12	.	.	PROPN
ftr-323	92	13	81	81	NUM
ftr-323	92	14	,	,	PUNCT
ftr-323	92	15	88–106	88–106	NUM
ftr-323	92	16	(	(	PUNCT
ftr-323	92	17	2002	2002	NUM
ftr-323	92	18	)	)	PUNCT
ftr-323	93	1	[	[	X
ftr-323	93	2	hereinafter	hereinafter	NOUN
ftr-323	93	3	shay	shay	PROPN
ftr-323	93	4	,	,	PUNCT
ftr-323	93	5	fleming	fleming	PROPN
ftr-323	93	6	&	&	CCONJ
ftr-323	93	7	peroni	peroni	PROPN
ftr-323	93	8	,	,	PUNCT
ftr-323	93	9	source	source	NOUN
ftr-323	93	10	rules	rule	NOUN
ftr-323	93	11	]	]	PUNCT
ftr-323	93	12	;	;	PUNCT
ftr-323	93	13	rohatgi	rohatgi	ADJ
ftr-323	93	14	,	,	PUNCT
ftr-323	93	15	basic	basic	ADJ
ftr-323	93	16	international	international	ADJ
ftr-323	93	17	taxation	taxation	NOUN
ftr-323	93	18	,	,	PUNCT
ftr-323	93	19	supra	supra	PROPN
ftr-323	93	20	note	note	NOUN
ftr-323	93	21	6	6	NUM
ftr-323	93	22	,	,	PUNCT
ftr-323	93	23	at	at	ADP
ftr-323	93	24	12	12	NUM
ftr-323	93	25	.	.	PUNCT
ftr-323	94	1	9	9	X
ftr-323	94	2	.	.	X
ftr-323	94	3	see	see	VERB
ftr-323	94	4	restatement	restatement	NOUN
ftr-323	94	5	(	(	PUNCT
ftr-323	94	6	third	third	ADJ
ftr-323	94	7	)	)	PUNCT
ftr-323	94	8	of	of	ADP
ftr-323	94	9	the	the	DET
ftr-323	94	10	foreign	foreign	ADJ
ftr-323	94	11	relations	relation	NOUN
ftr-323	94	12	law	law	NOUN
ftr-323	94	13	of	of	ADP
ftr-323	94	14	the	the	DET
ftr-323	94	15	united	united	PROPN
ftr-323	94	16	states	states	PROPN
ftr-323	94	17	§	§	PROPN
ftr-323	94	18	§	§	PROPN
ftr-323	94	19	411–12	411–12	PROPN
ftr-323	94	20	;	;	PUNCT
ftr-323	94	21	avi	avi	NOUN
ftr-323	94	22	-	-	PUNCT
ftr-323	94	23	yonah	yonah	ADJ
ftr-323	94	24	,	,	PUNCT
ftr-323	94	25	international	international	ADJ
ftr-323	94	26	tax	tax	NOUN
ftr-323	94	27	as	as	ADP
ftr-323	94	28	international	international	ADJ
ftr-323	94	29	law	law	NOUN
ftr-323	94	30	,	,	PUNCT
ftr-323	94	31	supra	supra	PROPN
ftr-323	94	32	note	note	NOUN
ftr-323	94	33	7	7	NUM
ftr-323	94	34	,	,	PUNCT
ftr-323	94	35	at	at	ADP
ftr-323	94	36	27	27	NUM
ftr-323	94	37	;	;	PUNCT
ftr-323	95	1	brooks	brook	NOUN
ftr-323	95	2	,	,	PUNCT
ftr-323	95	3	global	global	ADJ
ftr-323	95	4	distributive	distributive	ADJ
ftr-323	95	5	justice	justice	NOUN
ftr-323	95	6	,	,	PUNCT
ftr-323	95	7	supra	supra	PROPN
ftr-323	95	8	note	note	PROPN
ftr-323	95	9	7	7	NUM
ftr-323	95	10	,	,	PUNCT
ftr-323	95	11	at	at	ADP
ftr-323	95	12	280	280	NUM
ftr-323	95	13	;	;	PUNCT
ftr-323	95	14	kirsch	kirsch	PROPN
ftr-323	95	15	,	,	PUNCT
ftr-323	95	16	physical	physical	ADJ
ftr-323	95	17	presence	presence	NOUN
ftr-323	95	18	,	,	PUNCT
ftr-323	95	19	supra	supra	PROPN
ftr-323	95	20	note	note	PROPN
ftr-323	95	21	7	7	NUM
ftr-323	95	22	,	,	PUNCT
ftr-323	95	23	at	at	ADP
ftr-323	95	24	999	999	NUM
ftr-323	95	25	.	.	PUNCT
ftr-323	95	26	10	10	NUM
ftr-323	95	27	.	.	PUNCT
ftr-323	96	1	see	see	VERB
ftr-323	96	2	charles	charles	PROPN
ftr-323	96	3	h.	h.	PROPN
ftr-323	96	4	gustafson	gustafson	PROPN
ftr-323	96	5	,	,	PUNCT
ftr-323	96	6	robert	robert	PROPN
ftr-323	96	7	j.	j.	PROPN
ftr-323	96	8	peroni	peroni	PROPN
ftr-323	96	9	&	&	CCONJ
ftr-323	96	10	richard	richard	PROPN
ftr-323	96	11	crawford	crawford	PROPN
ftr-323	96	12	pugh	pugh	PROPN
ftr-323	96	13	,	,	PUNCT
ftr-323	96	14	taxation	taxation	NOUN
ftr-323	96	15	of	of	ADP
ftr-323	96	16	international	international	ADJ
ftr-323	96	17	transactions	transaction	NOUN
ftr-323	96	18	:	:	PUNCT
ftr-323	96	19	materials	material	NOUN
ftr-323	96	20	,	,	PUNCT
ftr-323	96	21	text	text	NOUN
ftr-323	96	22	402	402	NUM
ftr-323	96	23	florida	florida	PROPN
ftr-323	96	24	tax	tax	NOUN
ftr-323	96	25	review	review	NOUN
ftr-323	97	1	[	[	X
ftr-323	97	2	vol	vol	NOUN
ftr-323	97	3	.	.	PUNCT
ftr-323	98	1	13:8	13:8	NUM
ftr-323	98	2	double	double	ADJ
ftr-323	98	3	taxation	taxation	NOUN
ftr-323	98	4	will	will	AUX
ftr-323	98	5	discourage	discourage	VERB
ftr-323	98	6	growth	growth	NOUN
ftr-323	98	7	of	of	ADP
ftr-323	98	8	international	international	ADJ
ftr-323	98	9	business	business	NOUN
ftr-323	98	10	that	that	PRON
ftr-323	98	11	advances	advance	VERB
ftr-323	98	12	the	the	DET
ftr-323	98	13	welfare	welfare	NOUN
ftr-323	98	14	of	of	ADP
ftr-323	98	15	both	both	CCONJ
ftr-323	98	16	the	the	DET
ftr-323	98	17	residence	residence	NOUN
ftr-323	98	18	country	country	NOUN
ftr-323	98	19	and	and	CCONJ
ftr-323	98	20	the	the	DET
ftr-323	98	21	source	source	NOUN
ftr-323	98	22	country	country	NOUN
ftr-323	98	23	.	.	PUNCT
ftr-323	99	1	for	for	ADP
ftr-323	99	2	example	example	NOUN
ftr-323	99	3	,	,	PUNCT
ftr-323	99	4	assume	assume	VERB
ftr-323	99	5	that	that	SCONJ
ftr-323	99	6	domco	domco	PROPN
ftr-323	99	7	is	be	AUX
ftr-323	99	8	incorporated	incorporate	VERB
ftr-323	99	9	under	under	ADP
ftr-323	99	10	the	the	DET
ftr-323	99	11	laws	law	NOUN
ftr-323	99	12	of	of	ADP
ftr-323	99	13	patria	patria	PROPN
ftr-323	99	14	,	,	PUNCT
ftr-323	99	15	a	a	DET
ftr-323	99	16	country	country	NOUN
ftr-323	99	17	that	that	PRON
ftr-323	99	18	taxes	tax	VERB
ftr-323	99	19	the	the	DET
ftr-323	99	20	foreign	foreign	ADJ
ftr-323	99	21	-	-	PUNCT
ftr-323	99	22	source	source	NOUN
ftr-323	99	23	income	income	NOUN
ftr-323	99	24	of	of	ADP
ftr-323	99	25	its	its	PRON
ftr-323	99	26	residents	resident	NOUN
ftr-323	99	27	(	(	PUNCT
ftr-323	99	28	including	include	VERB
ftr-323	99	29	corporations	corporation	NOUN
ftr-323	99	30	formed	form	VERB
ftr-323	99	31	under	under	ADP
ftr-323	99	32	patria	patria	PROPN
ftr-323	99	33	law	law	NOUN
ftr-323	99	34	)	)	PUNCT
ftr-323	99	35	at	at	ADP
ftr-323	99	36	a	a	DET
ftr-323	99	37	35	35	NUM
ftr-323	99	38	percent	percent	NOUN
ftr-323	99	39	rate	rate	NOUN
ftr-323	99	40	.	.	PUNCT
ftr-323	100	1	further	far	ADV
ftr-323	100	2	assume	assume	VERB
ftr-323	100	3	that	that	SCONJ
ftr-323	100	4	domco	domco	PROPN
ftr-323	100	5	contemplates	contemplate	VERB
ftr-323	100	6	opening	open	VERB
ftr-323	100	7	a	a	DET
ftr-323	100	8	branch	branch	NOUN
ftr-323	100	9	business	business	NOUN
ftr-323	100	10	in	in	ADP
ftr-323	100	11	neighborland	neighborland	NOUN
ftr-323	100	12	where	where	SCONJ
ftr-323	100	13	the	the	DET
ftr-323	100	14	before	before	ADP
ftr-323	100	15	-	-	PUNCT
ftr-323	100	16	tax	tax	NOUN
ftr-323	100	17	rate	rate	NOUN
ftr-323	100	18	of	of	ADP
ftr-323	100	19	return	return	NOUN
ftr-323	100	20	would	would	AUX
ftr-323	100	21	be	be	AUX
ftr-323	100	22	higher	high	ADJ
ftr-323	100	23	than	than	ADP
ftr-323	100	24	in	in	ADP
ftr-323	100	25	patria	patria	PROPN
ftr-323	100	26	.	.	PUNCT
ftr-323	101	1	neighborland	neighborland	NOUN
ftr-323	101	2	taxes	taxis	NOUN
ftr-323	101	3	business	business	NOUN
ftr-323	101	4	profits	profit	NOUN
ftr-323	101	5	at	at	ADP
ftr-323	101	6	20	20	NUM
ftr-323	101	7	percent	percent	NOUN
ftr-323	101	8	.	.	PUNCT
ftr-323	102	1	if	if	SCONJ
ftr-323	102	2	both	both	DET
ftr-323	102	3	countries	country	NOUN
ftr-323	102	4	exercise	exercise	VERB
ftr-323	102	5	their	their	PRON
ftr-323	102	6	normatively	normatively	ADV
ftr-323	102	7	justified	justify	VERB
ftr-323	102	8	taxing	tax	VERB
ftr-323	102	9	jurisdictions	jurisdiction	NOUN
ftr-323	102	10	to	to	ADP
ftr-323	102	11	the	the	DET
ftr-323	102	12	fullest	full	ADJ
ftr-323	102	13	extent	extent	NOUN
ftr-323	102	14	,	,	PUNCT
ftr-323	102	15	each	each	DET
ftr-323	102	16	dollar	dollar	NOUN
ftr-323	102	17	of	of	ADP
ftr-323	102	18	profit	profit	NOUN
ftr-323	102	19	earned	earn	VERB
ftr-323	102	20	by	by	ADP
ftr-323	102	21	domco	domco	PROPN
ftr-323	102	22	’s	’s	PART
ftr-323	102	23	neighborland	neighborland	NOUN
ftr-323	102	24	branch	branch	NOUN
ftr-323	102	25	will	will	AUX
ftr-323	102	26	bear	bear	VERB
ftr-323	102	27	a	a	DET
ftr-323	102	28	total	total	ADJ
ftr-323	102	29	income	income	NOUN
ftr-323	102	30	tax	tax	NOUN
ftr-323	102	31	burden	burden	NOUN
ftr-323	102	32	of	of	ADP
ftr-323	102	33	55	55	NUM
ftr-323	102	34	percent	percent	NOUN
ftr-323	102	35	while	while	SCONJ
ftr-323	102	36	the	the	DET
ftr-323	102	37	local	local	ADJ
ftr-323	102	38	neighborland	neighborland	NOUN
ftr-323	102	39	competitors	competitor	NOUN
ftr-323	102	40	will	will	AUX
ftr-323	102	41	pay	pay	VERB
ftr-323	102	42	only	only	ADV
ftr-323	102	43	a	a	DET
ftr-323	102	44	20	20	NUM
ftr-323	102	45	percent	percent	NOUN
ftr-323	102	46	tax	tax	NOUN
ftr-323	102	47	on	on	ADP
ftr-323	102	48	their	their	PRON
ftr-323	102	49	profits	profit	NOUN
ftr-323	102	50	.	.	PUNCT
ftr-323	103	1	moreover	moreover	ADV
ftr-323	103	2	,	,	PUNCT
ftr-323	103	3	additional	additional	ADJ
ftr-323	103	4	profits	profit	NOUN
ftr-323	103	5	produced	produce	VERB
ftr-323	103	6	by	by	ADP
ftr-323	103	7	expanding	expand	VERB
ftr-323	103	8	patria	patria	PROPN
ftr-323	103	9	operations	operation	NOUN
ftr-323	103	10	will	will	AUX
ftr-323	103	11	bear	bear	VERB
ftr-323	103	12	a	a	DET
ftr-323	103	13	tax	tax	NOUN
ftr-323	103	14	of	of	ADP
ftr-323	103	15	only	only	ADV
ftr-323	103	16	35	35	NUM
ftr-323	103	17	percent	percent	NOUN
ftr-323	103	18	.	.	PUNCT
ftr-323	104	1	unless	unless	SCONJ
ftr-323	104	2	relief	relief	NOUN
ftr-323	104	3	action	action	NOUN
ftr-323	104	4	is	be	AUX
ftr-323	104	5	taken	take	VERB
ftr-323	104	6	by	by	ADP
ftr-323	104	7	patria	patria	PROPN
ftr-323	104	8	or	or	CCONJ
ftr-323	104	9	neighborland	neighborland	NOUN
ftr-323	104	10	,	,	PUNCT
ftr-323	104	11	or	or	CCONJ
ftr-323	104	12	by	by	ADP
ftr-323	104	13	both	both	DET
ftr-323	104	14	countries	country	NOUN
ftr-323	104	15	acting	act	VERB
ftr-323	104	16	jointly	jointly	ADV
ftr-323	104	17	,	,	PUNCT
ftr-323	104	18	the	the	DET
ftr-323	104	19	double	double	ADJ
ftr-323	104	20	taxation	taxation	NOUN
ftr-323	104	21	faced	face	VERB
ftr-323	104	22	by	by	ADP
ftr-323	104	23	domco	domco	PROPN
ftr-323	104	24	’s	’s	PART
ftr-323	104	25	proposed	propose	VERB
ftr-323	104	26	neighborland	neighborland	NOUN
ftr-323	104	27	branch	branch	NOUN
ftr-323	104	28	will	will	AUX
ftr-323	104	29	discourage	discourage	VERB
ftr-323	104	30	the	the	DET
ftr-323	104	31	branch	branch	NOUN
ftr-323	104	32	’s	’s	PART
ftr-323	104	33	establishment	establishment	NOUN
ftr-323	104	34	,	,	PUNCT
ftr-323	104	35	even	even	ADV
ftr-323	104	36	though	though	SCONJ
ftr-323	104	37	its	its	PRON
ftr-323	104	38	establishment	establishment	NOUN
ftr-323	104	39	would	would	AUX
ftr-323	104	40	be	be	AUX
ftr-323	104	41	economically	economically	ADV
ftr-323	104	42	desirable	desirable	ADJ
ftr-323	104	43	because	because	SCONJ
ftr-323	104	44	domco	domco	PROPN
ftr-323	104	45	can	can	AUX
ftr-323	104	46	earn	earn	VERB
ftr-323	104	47	a	a	DET
ftr-323	104	48	higher	high	ADJ
ftr-323	104	49	before	before	ADP
ftr-323	104	50	-	-	PUNCT
ftr-323	104	51	tax	tax	NOUN
ftr-323	104	52	rate	rate	NOUN
ftr-323	104	53	of	of	ADP
ftr-323	104	54	return	return	NOUN
ftr-323	104	55	in	in	ADP
ftr-323	104	56	neighborland	neighborland	NOUN
ftr-323	104	57	than	than	ADP
ftr-323	104	58	at	at	ADP
ftr-323	104	59	home	home	NOUN
ftr-323	104	60	in	in	ADP
ftr-323	104	61	patria.11	patria.11	PROPN
ftr-323	104	62	iii	iii	PROPN
ftr-323	104	63	.	.	PUNCT
ftr-323	105	1	the	the	DET
ftr-323	105	2	international	international	ADJ
ftr-323	105	3	law	law	NOUN
ftr-323	105	4	solution	solution	NOUN
ftr-323	105	5	customary	customary	ADJ
ftr-323	105	6	international	international	ADJ
ftr-323	105	7	law	law	NOUN
ftr-323	105	8	gives	give	VERB
ftr-323	105	9	the	the	DET
ftr-323	105	10	residence	residence	NOUN
ftr-323	105	11	country	country	NOUN
ftr-323	105	12	(	(	PUNCT
ftr-323	105	13	patria	patria	PROPN
ftr-323	105	14	in	in	ADP
ftr-323	105	15	the	the	DET
ftr-323	105	16	preceding	precede	VERB
ftr-323	105	17	example	example	NOUN
ftr-323	105	18	)	)	PUNCT
ftr-323	105	19	the	the	DET
ftr-323	105	20	responsibility	responsibility	NOUN
ftr-323	105	21	for	for	ADP
ftr-323	105	22	mitigating	mitigate	VERB
ftr-323	105	23	international	international	ADJ
ftr-323	105	24	double	double	ADJ
ftr-323	105	25	taxation.12	taxation.12	NOUN
ftr-323	105	26	the	the	DET
ftr-323	105	27	principal	principal	NOUN
ftr-323	105	28	means	mean	VERB
ftr-323	105	29	for	for	ADP
ftr-323	105	30	doing	do	VERB
ftr-323	105	31	so	so	ADV
ftr-323	105	32	are	be	AUX
ftr-323	105	33	the	the	DET
ftr-323	105	34	worldwide	worldwide	ADJ
ftr-323	105	35	taxation	taxation	NOUN
ftr-323	105	36	(	(	PUNCT
ftr-323	105	37	with	with	ADP
ftr-323	105	38	credit	credit	NOUN
ftr-323	105	39	)	)	PUNCT
ftr-323	105	40	method	method	NOUN
ftr-323	105	41	and	and	CCONJ
ftr-323	105	42	the	the	DET
ftr-323	105	43	exemption	exemption	NOUN
ftr-323	105	44	system	system	NOUN
ftr-323	105	45	.	.	PUNCT
ftr-323	106	1	under	under	ADP
ftr-323	106	2	the	the	DET
ftr-323	106	3	first	first	ADJ
ftr-323	106	4	of	of	ADP
ftr-323	106	5	these	these	DET
ftr-323	106	6	approaches	approach	NOUN
ftr-323	106	7	,	,	PUNCT
ftr-323	106	8	the	the	DET
ftr-323	106	9	residence	residence	NOUN
ftr-323	106	10	country	country	NOUN
ftr-323	106	11	taxes	tax	VERB
ftr-323	106	12	its	its	PRON
ftr-323	106	13	residents	resident	NOUN
ftr-323	106	14	on	on	ADP
ftr-323	106	15	their	their	PRON
ftr-323	106	16	worldwide	worldwide	NOUN
ftr-323	106	17	and	and	CCONJ
ftr-323	106	18	problems	problem	NOUN
ftr-323	106	19	22	22	NUM
ftr-323	106	20	,	,	PUNCT
ftr-323	106	21	39	39	NUM
ftr-323	106	22	,	,	PUNCT
ftr-323	106	23	304–06	304–06	PROPN
ftr-323	106	24	(	(	PUNCT
ftr-323	106	25	4th	4th	ADJ
ftr-323	106	26	ed	ed	NOUN
ftr-323	106	27	.	.	PUNCT
ftr-323	106	28	2011	2011	NUM
ftr-323	106	29	)	)	PUNCT
ftr-323	107	1	[	[	X
ftr-323	107	2	hereinafter	hereinafter	NOUN
ftr-323	107	3	gustafson	gustafson	PROPN
ftr-323	107	4	,	,	PUNCT
ftr-323	107	5	peroni	peroni	PROPN
ftr-323	107	6	&	&	CCONJ
ftr-323	107	7	pugh	pugh	PROPN
ftr-323	107	8	,	,	PUNCT
ftr-323	107	9	taxation	taxation	NOUN
ftr-323	107	10	of	of	ADP
ftr-323	107	11	international	international	ADJ
ftr-323	107	12	transactions	transaction	NOUN
ftr-323	107	13	]	]	PUNCT
ftr-323	107	14	.	.	PUNCT
ftr-323	107	15	11	11	NUM
ftr-323	107	16	.	.	X
ftr-323	107	17	for	for	ADP
ftr-323	107	18	example	example	NOUN
ftr-323	107	19	,	,	PUNCT
ftr-323	107	20	if	if	SCONJ
ftr-323	107	21	domco	domco	PROPN
ftr-323	107	22	can	can	AUX
ftr-323	107	23	earn	earn	VERB
ftr-323	107	24	before	before	ADP
ftr-323	107	25	-	-	PUNCT
ftr-323	107	26	tax	tax	NOUN
ftr-323	107	27	returns	return	NOUN
ftr-323	107	28	of	of	ADP
ftr-323	107	29	8	8	NUM
ftr-323	107	30	percent	percent	NOUN
ftr-323	107	31	by	by	ADP
ftr-323	107	32	expanding	expand	VERB
ftr-323	107	33	its	its	PRON
ftr-323	107	34	patria	patria	NOUN
ftr-323	107	35	business	business	NOUN
ftr-323	107	36	and	and	CCONJ
ftr-323	107	37	of	of	ADP
ftr-323	107	38	10	10	NUM
ftr-323	107	39	percent	percent	NOUN
ftr-323	107	40	by	by	ADP
ftr-323	107	41	opening	open	VERB
ftr-323	107	42	a	a	DET
ftr-323	107	43	new	new	ADJ
ftr-323	107	44	business	business	NOUN
ftr-323	107	45	in	in	ADP
ftr-323	107	46	neighborland	neighborland	PROPN
ftr-323	107	47	,	,	PUNCT
ftr-323	107	48	the	the	DET
ftr-323	107	49	35	35	NUM
ftr-323	107	50	percent	percent	NOUN
ftr-323	107	51	patria	patria	NOUN
ftr-323	107	52	tax	tax	NOUN
ftr-323	107	53	will	will	AUX
ftr-323	107	54	result	result	VERB
ftr-323	107	55	in	in	ADP
ftr-323	107	56	an	an	DET
ftr-323	107	57	after	after	ADP
ftr-323	107	58	-	-	PUNCT
ftr-323	107	59	tax	tax	NOUN
ftr-323	107	60	return	return	NOUN
ftr-323	107	61	in	in	ADP
ftr-323	107	62	patria	patria	PROPN
ftr-323	107	63	of	of	ADP
ftr-323	107	64	5.2	5.2	NUM
ftr-323	107	65	percent	percent	NOUN
ftr-323	107	66	,	,	PUNCT
ftr-323	107	67	while	while	SCONJ
ftr-323	107	68	the	the	DET
ftr-323	107	69	55	55	NUM
ftr-323	107	70	percent	percent	NOUN
ftr-323	107	71	combined	combine	VERB
ftr-323	107	72	patria	patria	PROPN
ftr-323	107	73	and	and	CCONJ
ftr-323	107	74	neighborland	neighborland	NOUN
ftr-323	107	75	taxes	taxis	NOUN
ftr-323	107	76	will	will	AUX
ftr-323	107	77	produce	produce	VERB
ftr-323	107	78	an	an	DET
ftr-323	107	79	after	after	ADP
ftr-323	107	80	-	-	PUNCT
ftr-323	107	81	tax	tax	NOUN
ftr-323	107	82	return	return	NOUN
ftr-323	107	83	in	in	ADP
ftr-323	107	84	neighborland	neighborland	NOUN
ftr-323	107	85	of	of	ADP
ftr-323	107	86	only	only	ADV
ftr-323	107	87	4.5	4.5	NUM
ftr-323	107	88	percent	percent	NOUN
ftr-323	107	89	.	.	PUNCT
ftr-323	108	1	in	in	ADP
ftr-323	108	2	this	this	DET
ftr-323	108	3	situation	situation	NOUN
ftr-323	108	4	,	,	PUNCT
ftr-323	108	5	domco	domco	PROPN
ftr-323	108	6	will	will	AUX
ftr-323	108	7	prefer	prefer	VERB
ftr-323	108	8	investing	invest	VERB
ftr-323	108	9	in	in	ADP
ftr-323	108	10	an	an	DET
ftr-323	108	11	expansion	expansion	NOUN
ftr-323	108	12	of	of	ADP
ftr-323	108	13	its	its	PRON
ftr-323	108	14	patria	patria	NOUN
ftr-323	108	15	business	business	NOUN
ftr-323	108	16	instead	instead	ADV
ftr-323	108	17	of	of	ADP
ftr-323	108	18	in	in	ADP
ftr-323	108	19	a	a	DET
ftr-323	108	20	new	new	ADJ
ftr-323	108	21	neighborland	neighborland	NOUN
ftr-323	108	22	business	business	NOUN
ftr-323	108	23	even	even	ADV
ftr-323	108	24	though	though	SCONJ
ftr-323	108	25	the	the	DET
ftr-323	108	26	latter	latter	ADJ
ftr-323	108	27	is	be	AUX
ftr-323	108	28	the	the	DET
ftr-323	108	29	economically	economically	ADV
ftr-323	108	30	superior	superior	ADJ
ftr-323	108	31	alternative	alternative	NOUN
ftr-323	108	32	on	on	ADP
ftr-323	108	33	a	a	DET
ftr-323	108	34	before	before	ADP
ftr-323	108	35	-	-	PUNCT
ftr-323	108	36	tax	tax	NOUN
ftr-323	108	37	basis	basis	NOUN
ftr-323	108	38	.	.	PUNCT
ftr-323	109	1	12	12	X
ftr-323	109	2	.	.	PUNCT
ftr-323	110	1	see	see	VERB
ftr-323	110	2	restatement	restatement	NOUN
ftr-323	110	3	(	(	PUNCT
ftr-323	110	4	third	third	ADJ
ftr-323	110	5	)	)	PUNCT
ftr-323	110	6	of	of	ADP
ftr-323	110	7	the	the	DET
ftr-323	110	8	foreign	foreign	ADJ
ftr-323	110	9	relations	relation	NOUN
ftr-323	110	10	law	law	NOUN
ftr-323	110	11	of	of	ADP
ftr-323	110	12	the	the	DET
ftr-323	110	13	united	united	PROPN
ftr-323	110	14	states	states	PROPN
ftr-323	110	15	§	§	PROPN
ftr-323	110	16	413	413	NUM
ftr-323	110	17	cmt	cmt	NOUN
ftr-323	110	18	.	.	PUNCT
ftr-323	111	1	a	a	PRON
ftr-323	111	2	;	;	PUNCT
ftr-323	111	3	brooks	brooks	PROPN
ftr-323	111	4	,	,	PUNCT
ftr-323	111	5	global	global	ADJ
ftr-323	111	6	distributive	distributive	ADJ
ftr-323	111	7	justice	justice	NOUN
ftr-323	111	8	,	,	PUNCT
ftr-323	111	9	supra	supra	PROPN
ftr-323	111	10	note	note	PROPN
ftr-323	111	11	7	7	NUM
ftr-323	111	12	,	,	PUNCT
ftr-323	111	13	at	at	ADP
ftr-323	111	14	281	281	NUM
ftr-323	111	15	;	;	PUNCT
ftr-323	111	16	kirsch	kirsch	PROPN
ftr-323	111	17	,	,	PUNCT
ftr-323	111	18	physical	physical	ADJ
ftr-323	111	19	presence	presence	NOUN
ftr-323	111	20	,	,	PUNCT
ftr-323	111	21	supra	supra	PROPN
ftr-323	111	22	note	note	PROPN
ftr-323	111	23	7	7	NUM
ftr-323	111	24	,	,	PUNCT
ftr-323	111	25	at	at	ADP
ftr-323	111	26	1001	1001	NUM
ftr-323	111	27	;	;	PUNCT
ftr-323	111	28	lokken	lokken	PROPN
ftr-323	111	29	&	&	CCONJ
ftr-323	111	30	kitamura	kitamura	PROPN
ftr-323	111	31	,	,	PUNCT
ftr-323	111	32	credit	credit	NOUN
ftr-323	111	33	vs.	vs.	ADP
ftr-323	111	34	exemption	exemption	NOUN
ftr-323	111	35	,	,	PUNCT
ftr-323	111	36	supra	supra	PROPN
ftr-323	111	37	note	note	NOUN
ftr-323	111	38	1	1	NUM
ftr-323	111	39	,	,	PUNCT
ftr-323	111	40	at	at	ADP
ftr-323	111	41	621	621	NUM
ftr-323	111	42	;	;	PUNCT
ftr-323	111	43	see	see	VERB
ftr-323	111	44	also	also	ADV
ftr-323	111	45	yariv	yariv	PROPN
ftr-323	111	46	brauner	brauner	NOUN
ftr-323	111	47	,	,	PUNCT
ftr-323	111	48	an	an	DET
ftr-323	111	49	international	international	ADJ
ftr-323	111	50	tax	tax	NOUN
ftr-323	111	51	regime	regime	NOUN
ftr-323	111	52	in	in	ADP
ftr-323	111	53	crystallization	crystallization	NOUN
ftr-323	111	54	,	,	PUNCT
ftr-323	111	55	56	56	NUM
ftr-323	111	56	tax	tax	NOUN
ftr-323	111	57	l.	l.	PROPN
ftr-323	111	58	rev	rev	PROPN
ftr-323	111	59	.	.	PROPN
ftr-323	112	1	259	259	NUM
ftr-323	112	2	,	,	PUNCT
ftr-323	112	3	265–66	265–66	NUM
ftr-323	112	4	,	,	PUNCT
ftr-323	112	5	284–85	284–85	PROPN
ftr-323	112	6	(	(	PUNCT
ftr-323	112	7	2003	2003	NUM
ftr-323	112	8	)	)	PUNCT
ftr-323	113	1	[	[	X
ftr-323	113	2	hereinafter	hereinafter	NOUN
ftr-323	113	3	brauner	brauner	NOUN
ftr-323	113	4	,	,	PUNCT
ftr-323	113	5	crystallization	crystallization	NOUN
ftr-323	113	6	]	]	PUNCT
ftr-323	113	7	.	.	PUNCT
ftr-323	114	1	2012	2012	NUM
ftr-323	114	2	]	]	PUNCT
ftr-323	114	3	exemption	exemption	NOUN
ftr-323	114	4	when	when	SCONJ
ftr-323	114	5	the	the	DET
ftr-323	114	6	treasury	treasury	NOUN
ftr-323	114	7	is	be	AUX
ftr-323	114	8	empty	empty	ADJ
ftr-323	114	9	403	403	NUM
ftr-323	114	10	incomes	income	NOUN
ftr-323	114	11	while	while	SCONJ
ftr-323	114	12	granting	grant	VERB
ftr-323	114	13	a	a	DET
ftr-323	114	14	credit	credit	NOUN
ftr-323	114	15	for	for	ADP
ftr-323	114	16	foreign	foreign	ADJ
ftr-323	114	17	income	income	NOUN
ftr-323	114	18	taxes.13	taxes.13	VERB
ftr-323	114	19	this	this	DET
ftr-323	114	20	approach	approach	NOUN
ftr-323	114	21	permits	permit	VERB
ftr-323	114	22	the	the	DET
ftr-323	114	23	residence	residence	NOUN
ftr-323	114	24	country	country	NOUN
ftr-323	114	25	to	to	PART
ftr-323	114	26	collect	collect	VERB
ftr-323	114	27	a	a	DET
ftr-323	114	28	so	so	ADV
ftr-323	114	29	-	-	PUNCT
ftr-323	114	30	called	call	VERB
ftr-323	114	31	residual	residual	ADJ
ftr-323	114	32	tax	tax	NOUN
ftr-323	114	33	in	in	ADP
ftr-323	114	34	cases	case	NOUN
ftr-323	114	35	where	where	SCONJ
ftr-323	114	36	the	the	DET
ftr-323	114	37	residence	residence	NOUN
ftr-323	114	38	country	country	NOUN
ftr-323	114	39	tax	tax	NOUN
ftr-323	114	40	on	on	ADP
ftr-323	114	41	a	a	DET
ftr-323	114	42	resident	resident	NOUN
ftr-323	114	43	’s	’s	PART
ftr-323	114	44	foreign	foreign	ADJ
ftr-323	114	45	-	-	PUNCT
ftr-323	114	46	source	source	NOUN
ftr-323	114	47	income	income	NOUN
ftr-323	114	48	exceeds	exceed	VERB
ftr-323	114	49	the	the	DET
ftr-323	114	50	credit	credit	NOUN
ftr-323	114	51	for	for	ADP
ftr-323	114	52	foreign	foreign	ADJ
ftr-323	114	53	tax	tax	NOUN
ftr-323	114	54	on	on	ADP
ftr-323	114	55	that	that	DET
ftr-323	114	56	income.14	income.14	NOUN
ftr-323	114	57	thus	thus	ADV
ftr-323	114	58	,	,	PUNCT
ftr-323	114	59	in	in	ADP
ftr-323	114	60	the	the	DET
ftr-323	114	61	preceding	precede	VERB
ftr-323	114	62	hypothetical	hypothetical	ADJ
ftr-323	114	63	,	,	PUNCT
ftr-323	114	64	if	if	SCONJ
ftr-323	114	65	patria	patria	PROPN
ftr-323	114	66	employed	employ	VERB
ftr-323	114	67	worldwide	worldwide	ADJ
ftr-323	114	68	taxation	taxation	NOUN
ftr-323	114	69	with	with	ADP
ftr-323	114	70	a	a	DET
ftr-323	114	71	foreign	foreign	ADJ
ftr-323	114	72	tax	tax	NOUN
ftr-323	114	73	credit	credit	NOUN
ftr-323	114	74	,	,	PUNCT
ftr-323	114	75	it	it	PRON
ftr-323	114	76	would	would	AUX
ftr-323	114	77	collect	collect	VERB
ftr-323	114	78	a	a	DET
ftr-323	114	79	15	15	NUM
ftr-323	114	80	percent	percent	NOUN
ftr-323	114	81	residual	residual	ADJ
ftr-323	114	82	tax15	tax15	NOUN
ftr-323	114	83	on	on	ADP
ftr-323	114	84	income	income	NOUN
ftr-323	114	85	produced	produce	VERB
ftr-323	114	86	by	by	ADP
ftr-323	114	87	domco	domco	PROPN
ftr-323	114	88	’s	’s	PART
ftr-323	114	89	neighborland	neighborland	PROPN
ftr-323	114	90	branch	branch	NOUN
ftr-323	114	91	.	.	PUNCT
ftr-323	115	1	under	under	ADP
ftr-323	115	2	the	the	DET
ftr-323	115	3	exemption	exemption	NOUN
ftr-323	115	4	system	system	NOUN
ftr-323	115	5	,	,	PUNCT
ftr-323	115	6	residence	residence	NOUN
ftr-323	115	7	countries	country	NOUN
ftr-323	115	8	exempt	exempt	VERB
ftr-323	115	9	foreignsource	foreignsource	NOUN
ftr-323	115	10	active	active	ADJ
ftr-323	115	11	business	business	NOUN
ftr-323	115	12	income	income	NOUN
ftr-323	115	13	from	from	ADP
ftr-323	115	14	their	their	PRON
ftr-323	115	15	income	income	NOUN
ftr-323	115	16	tax	tax	NOUN
ftr-323	115	17	regimes.16	regimes.16	PROPN
ftr-323	115	18	stated	state	VERB
ftr-323	115	19	differently	differently	ADV
ftr-323	115	20	,	,	PUNCT
ftr-323	115	21	a	a	DET
ftr-323	115	22	residence	residence	NOUN
ftr-323	115	23	country	country	NOUN
ftr-323	115	24	that	that	PRON
ftr-323	115	25	takes	take	VERB
ftr-323	115	26	the	the	DET
ftr-323	115	27	exemption	exemption	NOUN
ftr-323	115	28	approach	approach	NOUN
ftr-323	115	29	forgoes	forgo	VERB
ftr-323	115	30	collection	collection	NOUN
ftr-323	115	31	of	of	ADP
ftr-323	115	32	any	any	DET
ftr-323	115	33	residual	residual	ADJ
ftr-323	115	34	tax	tax	NOUN
ftr-323	115	35	on	on	ADP
ftr-323	115	36	the	the	DET
ftr-323	115	37	foreign	foreign	ADJ
ftr-323	115	38	-	-	PUNCT
ftr-323	115	39	source	source	NOUN
ftr-323	115	40	active	active	ADJ
ftr-323	115	41	business	business	NOUN
ftr-323	115	42	income	income	NOUN
ftr-323	115	43	of	of	ADP
ftr-323	115	44	its	its	PRON
ftr-323	115	45	residents	resident	NOUN
ftr-323	115	46	and	and	CCONJ
ftr-323	115	47	effectively	effectively	ADV
ftr-323	115	48	imposes	impose	VERB
ftr-323	115	49	a	a	DET
ftr-323	115	50	zero	zero	NUM
ftr-323	115	51	tax	tax	NOUN
ftr-323	115	52	rate	rate	NOUN
ftr-323	115	53	on	on	ADP
ftr-323	115	54	that	that	DET
ftr-323	115	55	income.17	income.17	PROPN
ftr-323	115	56	iv	iv	NOUN
ftr-323	115	57	.	.	PUNCT
ftr-323	116	1	flirting	flirt	VERB
ftr-323	116	2	with	with	ADP
ftr-323	116	3	a	a	DET
ftr-323	116	4	flawed	flawed	ADJ
ftr-323	116	5	territoriality	territoriality	NOUN
ftr-323	116	6	since	since	SCONJ
ftr-323	116	7	1918	1918	NUM
ftr-323	116	8	,	,	PUNCT
ftr-323	116	9	the	the	DET
ftr-323	116	10	united	united	PROPN
ftr-323	116	11	states	states	PROPN
ftr-323	116	12	has	have	AUX
ftr-323	116	13	employed	employ	VERB
ftr-323	116	14	worldwide	worldwide	ADJ
ftr-323	116	15	taxation	taxation	NOUN
ftr-323	116	16	with	with	ADP
ftr-323	116	17	a	a	DET
ftr-323	116	18	foreign	foreign	ADJ
ftr-323	116	19	tax	tax	NOUN
ftr-323	116	20	credit	credit	NOUN
ftr-323	116	21	.	.	PUNCT
ftr-323	117	1	recently	recently	ADV
ftr-323	117	2	,	,	PUNCT
ftr-323	117	3	however	however	ADV
ftr-323	117	4	,	,	PUNCT
ftr-323	117	5	there	there	PRON
ftr-323	117	6	has	have	AUX
ftr-323	117	7	been	be	AUX
ftr-323	117	8	considerable	considerable	ADJ
ftr-323	117	9	pressure	pressure	NOUN
ftr-323	117	10	from	from	ADP
ftr-323	117	11	some	some	DET
ftr-323	117	12	members	member	NOUN
ftr-323	117	13	of	of	ADP
ftr-323	117	14	the	the	DET
ftr-323	117	15	u.s	u.s	PROPN
ftr-323	117	16	.	.	PROPN
ftr-323	117	17	multinational	multinational	ADJ
ftr-323	117	18	corporate	corporate	ADJ
ftr-323	117	19	community	community	NOUN
ftr-323	117	20	,	,	PUNCT
ftr-323	117	21	13	13	NUM
ftr-323	117	22	.	.	PUNCT
ftr-323	118	1	see	see	VERB
ftr-323	118	2	gustafson	gustafson	PROPN
ftr-323	118	3	,	,	PUNCT
ftr-323	118	4	peroni	peroni	PROPN
ftr-323	118	5	&	&	CCONJ
ftr-323	118	6	pugh	pugh	PROPN
ftr-323	118	7	,	,	PUNCT
ftr-323	118	8	taxation	taxation	NOUN
ftr-323	118	9	of	of	ADP
ftr-323	118	10	international	international	ADJ
ftr-323	118	11	transactions	transaction	NOUN
ftr-323	118	12	,	,	PUNCT
ftr-323	118	13	supra	supra	PROPN
ftr-323	118	14	note	note	NOUN
ftr-323	118	15	10	10	NUM
ftr-323	118	16	,	,	PUNCT
ftr-323	118	17	at	at	ADP
ftr-323	118	18	307	307	NUM
ftr-323	118	19	.	.	PUNCT
ftr-323	119	1	14	14	NUM
ftr-323	119	2	.	.	PUNCT
ftr-323	120	1	i	i	PRON
ftr-323	120	2	d.	d.	PROPN
ftr-323	120	3	at	at	ADP
ftr-323	120	4	304–05	304–05	NUM
ftr-323	120	5	,	,	PUNCT
ftr-323	120	6	307	307	NUM
ftr-323	120	7	.	.	PUNCT
ftr-323	121	1	15	15	NUM
ftr-323	121	2	.	.	X
ftr-323	121	3	thirty	thirty	NUM
ftr-323	121	4	-	-	PUNCT
ftr-323	121	5	five	five	NUM
ftr-323	121	6	percent	percent	NOUN
ftr-323	121	7	minus	minus	CCONJ
ftr-323	121	8	twenty	twenty	NUM
ftr-323	121	9	percent	percent	NOUN
ftr-323	121	10	equals	equal	VERB
ftr-323	121	11	fifteen	fifteen	NUM
ftr-323	121	12	percent	percent	NOUN
ftr-323	121	13	.	.	PUNCT
ftr-323	122	1	this	this	PRON
ftr-323	122	2	is	be	AUX
ftr-323	122	3	based	base	VERB
ftr-323	122	4	on	on	ADP
ftr-323	122	5	the	the	DET
ftr-323	122	6	simplifying	simplifying	NOUN
ftr-323	122	7	assumption	assumption	NOUN
ftr-323	122	8	that	that	SCONJ
ftr-323	122	9	the	the	DET
ftr-323	122	10	neighborland	neighborland	NOUN
ftr-323	122	11	income	income	NOUN
ftr-323	122	12	would	would	AUX
ftr-323	122	13	be	be	AUX
ftr-323	122	14	domco	domco	VERB
ftr-323	122	15	’s	’s	PART
ftr-323	122	16	only	only	ADV
ftr-323	122	17	foreign	foreign	ADJ
ftr-323	122	18	-	-	PUNCT
ftr-323	122	19	source	source	NOUN
ftr-323	122	20	income	income	NOUN
ftr-323	122	21	.	.	PUNCT
ftr-323	123	1	if	if	SCONJ
ftr-323	123	2	domco	domco	PROPN
ftr-323	123	3	earned	earn	VERB
ftr-323	123	4	high	high	ADJ
ftr-323	123	5	-	-	PUNCT
ftr-323	123	6	taxed	tax	VERB
ftr-323	123	7	income	income	NOUN
ftr-323	123	8	in	in	ADP
ftr-323	123	9	other	other	ADJ
ftr-323	123	10	countries	country	NOUN
ftr-323	123	11	and	and	CCONJ
ftr-323	123	12	if	if	SCONJ
ftr-323	123	13	patria	patria	PROPN
ftr-323	123	14	had	have	VERB
ftr-323	123	15	a	a	DET
ftr-323	123	16	loose	loose	ADJ
ftr-323	123	17	foreign	foreign	ADJ
ftr-323	123	18	tax	tax	NOUN
ftr-323	123	19	credit	credit	NOUN
ftr-323	123	20	limitation	limitation	NOUN
ftr-323	123	21	such	such	ADJ
ftr-323	123	22	as	as	ADP
ftr-323	123	23	that	that	PRON
ftr-323	123	24	currently	currently	ADV
ftr-323	123	25	employed	employ	VERB
ftr-323	123	26	by	by	ADP
ftr-323	123	27	the	the	DET
ftr-323	123	28	united	united	PROPN
ftr-323	123	29	states	states	PROPN
ftr-323	123	30	,	,	PUNCT
ftr-323	123	31	then	then	ADV
ftr-323	123	32	foreign	foreign	ADJ
ftr-323	123	33	tax	tax	NOUN
ftr-323	123	34	imposed	impose	VERB
ftr-323	123	35	by	by	ADP
ftr-323	123	36	the	the	DET
ftr-323	123	37	other	other	ADJ
ftr-323	123	38	countries	country	NOUN
ftr-323	123	39	in	in	ADP
ftr-323	123	40	excess	excess	NOUN
ftr-323	123	41	of	of	ADP
ftr-323	123	42	the	the	DET
ftr-323	123	43	35	35	NUM
ftr-323	123	44	percent	percent	NOUN
ftr-323	123	45	patria	patria	NOUN
ftr-323	123	46	rate	rate	NOUN
ftr-323	123	47	might	might	AUX
ftr-323	123	48	reduce	reduce	VERB
ftr-323	123	49	or	or	CCONJ
ftr-323	123	50	eliminate	eliminate	VERB
ftr-323	123	51	the	the	DET
ftr-323	123	52	15	15	NUM
ftr-323	123	53	percent	percent	NOUN
ftr-323	123	54	residual	residual	ADJ
ftr-323	123	55	tax	tax	NOUN
ftr-323	123	56	.	.	PUNCT
ftr-323	124	1	see	see	VERB
ftr-323	124	2	gustafson	gustafson	PROPN
ftr-323	124	3	,	,	PUNCT
ftr-323	124	4	peroni	peroni	PROPN
ftr-323	124	5	&	&	CCONJ
ftr-323	124	6	pugh	pugh	PROPN
ftr-323	124	7	,	,	PUNCT
ftr-323	124	8	taxation	taxation	NOUN
ftr-323	124	9	of	of	ADP
ftr-323	124	10	international	international	ADJ
ftr-323	124	11	transactions	transaction	NOUN
ftr-323	124	12	,	,	PUNCT
ftr-323	124	13	supra	supra	PROPN
ftr-323	124	14	note	note	NOUN
ftr-323	124	15	10	10	NUM
ftr-323	124	16	,	,	PUNCT
ftr-323	124	17	at	at	ADP
ftr-323	124	18	407–10	407–10	NUM
ftr-323	124	19	,	,	PUNCT
ftr-323	124	20	422	422	NUM
ftr-323	124	21	.	.	PUNCT
ftr-323	125	1	16	16	NUM
ftr-323	125	2	.	.	PUNCT
ftr-323	126	1	i	i	PRON
ftr-323	126	2	d.	d.	PROPN
ftr-323	126	3	at	at	ADP
ftr-323	126	4	21–23	21–23	PROPN
ftr-323	126	5	,	,	PUNCT
ftr-323	126	6	305–06	305–06	NUM
ftr-323	126	7	;	;	PUNCT
ftr-323	126	8	brauner	brauner	NOUN
ftr-323	126	9	,	,	PUNCT
ftr-323	126	10	crystallization	crystallization	NOUN
ftr-323	126	11	,	,	PUNCT
ftr-323	126	12	supra	supra	PROPN
ftr-323	126	13	note	note	NOUN
ftr-323	126	14	12	12	NUM
ftr-323	126	15	,	,	PUNCT
ftr-323	126	16	at	at	ADP
ftr-323	126	17	284	284	NUM
ftr-323	126	18	–	–	PUNCT
ftr-323	126	19	85	85	NUM
ftr-323	126	20	.	.	PUNCT
ftr-323	127	1	the	the	DET
ftr-323	127	2	residence	residence	NOUN
ftr-323	127	3	country	country	NOUN
ftr-323	127	4	’s	’s	PART
ftr-323	127	5	allowance	allowance	NOUN
ftr-323	127	6	of	of	ADP
ftr-323	127	7	a	a	DET
ftr-323	127	8	deduction	deduction	NOUN
ftr-323	127	9	for	for	ADP
ftr-323	127	10	source	source	NOUN
ftr-323	127	11	-	-	PUNCT
ftr-323	127	12	country	country	NOUN
ftr-323	127	13	tax	tax	NOUN
ftr-323	127	14	is	be	AUX
ftr-323	127	15	a	a	DET
ftr-323	127	16	third	third	ADJ
ftr-323	127	17	approach	approach	NOUN
ftr-323	127	18	to	to	ADP
ftr-323	127	19	solving	solve	VERB
ftr-323	127	20	the	the	DET
ftr-323	127	21	international	international	ADJ
ftr-323	127	22	double	double	ADJ
ftr-323	127	23	taxation	taxation	NOUN
ftr-323	127	24	problem	problem	NOUN
ftr-323	127	25	,	,	PUNCT
ftr-323	127	26	but	but	CCONJ
ftr-323	127	27	it	it	PRON
ftr-323	127	28	is	be	AUX
ftr-323	127	29	only	only	ADV
ftr-323	127	30	partially	partially	ADV
ftr-323	127	31	effective	effective	ADJ
ftr-323	127	32	and	and	CCONJ
ftr-323	127	33	rarely	rarely	ADV
ftr-323	127	34	used	use	VERB
ftr-323	127	35	.	.	PUNCT
ftr-323	128	1	see	see	VERB
ftr-323	128	2	gustafson	gustafson	PROPN
ftr-323	128	3	,	,	PUNCT
ftr-323	128	4	peroni	peroni	PROPN
ftr-323	128	5	&	&	CCONJ
ftr-323	128	6	pugh	pugh	PROPN
ftr-323	128	7	,	,	PUNCT
ftr-323	128	8	taxation	taxation	NOUN
ftr-323	128	9	of	of	ADP
ftr-323	128	10	international	international	ADJ
ftr-323	128	11	transactions	transaction	NOUN
ftr-323	128	12	,	,	PUNCT
ftr-323	128	13	supra	supra	PROPN
ftr-323	128	14	note	note	NOUN
ftr-323	128	15	10	10	NUM
ftr-323	128	16	,	,	PUNCT
ftr-323	128	17	at	at	ADP
ftr-323	128	18	23	23	NUM
ftr-323	128	19	,	,	PUNCT
ftr-323	128	20	304	304	NUM
ftr-323	128	21	;	;	PUNCT
ftr-323	128	22	cf	cf	X
ftr-323	128	23	.	.	PUNCT
ftr-323	129	1	kimberly	kimberly	PROPN
ftr-323	129	2	clausing	clausing	PROPN
ftr-323	129	3	&	&	CCONJ
ftr-323	129	4	daniel	daniel	PROPN
ftr-323	129	5	shaviro	shaviro	PROPN
ftr-323	129	6	,	,	PUNCT
ftr-323	129	7	a	a	DET
ftr-323	129	8	burden	burden	NOUN
ftr-323	129	9	-	-	PUNCT
ftr-323	129	10	neutral	neutral	ADJ
ftr-323	129	11	shift	shift	NOUN
ftr-323	129	12	from	from	ADP
ftr-323	129	13	foreign	foreign	ADJ
ftr-323	129	14	tax	tax	NOUN
ftr-323	129	15	creditability	creditability	NOUN
ftr-323	129	16	to	to	ADP
ftr-323	129	17	deductibility	deductibility	VERB
ftr-323	129	18	?	?	PUNCT
ftr-323	129	19	,	,	PUNCT
ftr-323	129	20	64	64	NUM
ftr-323	129	21	tax	tax	NOUN
ftr-323	129	22	l.	l.	PROPN
ftr-323	129	23	rev	rev	PROPN
ftr-323	129	24	.	.	PROPN
ftr-323	129	25	431	431	NUM
ftr-323	129	26	,	,	PUNCT
ftr-323	129	27	431	431	NUM
ftr-323	129	28	-	-	SYM
ftr-323	129	29	33	33	NUM
ftr-323	129	30	(	(	PUNCT
ftr-323	129	31	2011	2011	NUM
ftr-323	129	32	)	)	PUNCT
ftr-323	130	1	[	[	X
ftr-323	130	2	hereinafter	hereinafter	NOUN
ftr-323	130	3	clausing	clausing	NOUN
ftr-323	130	4	&	&	CCONJ
ftr-323	130	5	shaviro	shaviro	NOUN
ftr-323	130	6	,	,	PUNCT
ftr-323	130	7	creditability	creditability	NOUN
ftr-323	130	8	to	to	ADP
ftr-323	130	9	deductibility	deductibility	VERB
ftr-323	130	10	]	]	PUNCT
ftr-323	130	11	(	(	PUNCT
ftr-323	130	12	arguing	argue	VERB
ftr-323	130	13	for	for	ADP
ftr-323	130	14	superiority	superiority	NOUN
ftr-323	130	15	from	from	ADP
ftr-323	130	16	national	national	ADJ
ftr-323	130	17	welfare	welfare	NOUN
ftr-323	130	18	perspective	perspective	NOUN
ftr-323	130	19	of	of	ADP
ftr-323	130	20	deducting	deduct	VERB
ftr-323	130	21	rather	rather	ADV
ftr-323	130	22	than	than	ADP
ftr-323	130	23	crediting	credit	VERB
ftr-323	130	24	foreign	foreign	ADJ
ftr-323	130	25	taxes	taxis	NOUN
ftr-323	130	26	)	)	PUNCT
ftr-323	130	27	.	.	PUNCT
ftr-323	131	1	17	17	NUM
ftr-323	131	2	.	.	PUNCT
ftr-323	131	3	see	see	VERB
ftr-323	131	4	staff	staff	NOUN
ftr-323	131	5	of	of	ADP
ftr-323	131	6	joint	joint	ADJ
ftr-323	131	7	comm	comm	NOUN
ftr-323	131	8	.	.	PUNCT
ftr-323	132	1	on	on	ADP
ftr-323	132	2	tax’n	tax’n	NUM
ftr-323	132	3	,	,	PUNCT
ftr-323	132	4	jcx-22	jcx-22	NOUN
ftr-323	132	5	-	-	SYM
ftr-323	132	6	06	06	NUM
ftr-323	132	7	,	,	PUNCT
ftr-323	132	8	the	the	DET
ftr-323	132	9	impact	impact	NOUN
ftr-323	132	10	of	of	ADP
ftr-323	132	11	international	international	ADJ
ftr-323	132	12	tax	tax	NOUN
ftr-323	132	13	reform	reform	NOUN
ftr-323	132	14	:	:	PUNCT
ftr-323	132	15	background	background	NOUN
ftr-323	132	16	and	and	CCONJ
ftr-323	132	17	selected	select	VERB
ftr-323	132	18	issues	issue	NOUN
ftr-323	132	19	relating	relate	VERB
ftr-323	132	20	to	to	ADP
ftr-323	132	21	u.s	u.s	PROPN
ftr-323	132	22	.	.	PROPN
ftr-323	132	23	international	international	ADJ
ftr-323	132	24	tax	tax	NOUN
ftr-323	132	25	rules	rule	NOUN
ftr-323	132	26	and	and	CCONJ
ftr-323	132	27	the	the	DET
ftr-323	132	28	competitiveness	competitiveness	NOUN
ftr-323	132	29	of	of	ADP
ftr-323	132	30	u.s	u.s	PROPN
ftr-323	132	31	.	.	PROPN
ftr-323	132	32	businesses	business	NOUN
ftr-323	132	33	2	2	NUM
ftr-323	132	34	(	(	PUNCT
ftr-323	132	35	2006	2006	NUM
ftr-323	132	36	)	)	PUNCT
ftr-323	133	1	[	[	X
ftr-323	133	2	hereinafter	hereinafter	NOUN
ftr-323	133	3	staff	staff	NOUN
ftr-323	133	4	of	of	ADP
ftr-323	133	5	joint	joint	ADJ
ftr-323	133	6	comm	comm	NOUN
ftr-323	133	7	.	.	PUNCT
ftr-323	133	8	,	,	PUNCT
ftr-323	133	9	impact	impact	NOUN
ftr-323	133	10	of	of	ADP
ftr-323	133	11	international	international	ADJ
ftr-323	133	12	tax	tax	NOUN
ftr-323	133	13	reform	reform	NOUN
ftr-323	133	14	]	]	X
ftr-323	133	15	;	;	PUNCT
ftr-323	133	16	joann	joann	PROPN
ftr-323	133	17	m.	m.	PROPN
ftr-323	133	18	weiner	weiner	NOUN
ftr-323	133	19	,	,	PUNCT
ftr-323	133	20	formulary	formulary	ADJ
ftr-323	133	21	apportionment	apportionment	NOUN
ftr-323	133	22	:	:	PUNCT
ftr-323	133	23	the	the	DET
ftr-323	133	24	way	way	NOUN
ftr-323	133	25	to	to	PART
ftr-323	133	26	tax	tax	NOUN
ftr-323	133	27	profits	profit	NOUN
ftr-323	133	28	in	in	ADP
ftr-323	133	29	the	the	DET
ftr-323	133	30	eu	eu	PROPN
ftr-323	133	31	,	,	PUNCT
ftr-323	133	32	47	47	NUM
ftr-323	133	33	tax	tax	NOUN
ftr-323	133	34	notes	note	NOUN
ftr-323	133	35	int’l	int’l	ADJ
ftr-323	133	36	322	322	NUM
ftr-323	133	37	,	,	PUNCT
ftr-323	133	38	325	325	NUM
ftr-323	133	39	(	(	PUNCT
ftr-323	133	40	july	july	PROPN
ftr-323	133	41	23	23	NUM
ftr-323	133	42	,	,	PUNCT
ftr-323	133	43	2007	2007	NUM
ftr-323	133	44	)	)	PUNCT
ftr-323	133	45	.	.	PUNCT
ftr-323	134	1	404	404	NUM
ftr-323	134	2	florida	florida	PROPN
ftr-323	134	3	tax	tax	NOUN
ftr-323	134	4	review	review	NOUN
ftr-323	135	1	[	[	X
ftr-323	135	2	vol	vol	NOUN
ftr-323	135	3	.	.	PUNCT
ftr-323	136	1	13:8	13:8	NUM
ftr-323	136	2	academia	academia	NOUN
ftr-323	136	3	,	,	PUNCT
ftr-323	136	4	and	and	CCONJ
ftr-323	136	5	the	the	DET
ftr-323	136	6	examples	example	NOUN
ftr-323	136	7	of	of	ADP
ftr-323	136	8	other	other	ADJ
ftr-323	136	9	countries18	countries18	NOUN
ftr-323	136	10	for	for	SCONJ
ftr-323	136	11	the	the	DET
ftr-323	136	12	united	united	PROPN
ftr-323	136	13	states	states	PROPN
ftr-323	136	14	to	to	PART
ftr-323	136	15	transform	transform	VERB
ftr-323	136	16	its	its	PRON
ftr-323	136	17	taxation	taxation	NOUN
ftr-323	136	18	of	of	ADP
ftr-323	136	19	foreign	foreign	ADJ
ftr-323	136	20	-	-	PUNCT
ftr-323	136	21	source	source	NOUN
ftr-323	136	22	active	active	ADJ
ftr-323	136	23	business	business	NOUN
ftr-323	136	24	income	income	NOUN
ftr-323	136	25	from	from	ADP
ftr-323	136	26	the	the	DET
ftr-323	136	27	historic	historic	ADJ
ftr-323	136	28	approach	approach	NOUN
ftr-323	136	29	to	to	ADP
ftr-323	136	30	a	a	DET
ftr-323	136	31	territorial	territorial	ADJ
ftr-323	136	32	or	or	CCONJ
ftr-323	136	33	exemption	exemption	NOUN
ftr-323	136	34	approach.19	approach.19	NOUN
ftr-323	136	35	in	in	ADP
ftr-323	136	36	prior	prior	ADJ
ftr-323	136	37	work	work	NOUN
ftr-323	136	38	,	,	PUNCT
ftr-323	136	39	we	we	PRON
ftr-323	136	40	have	have	AUX
ftr-323	136	41	pointed	point	VERB
ftr-323	136	42	out	out	ADP
ftr-323	136	43	that	that	SCONJ
ftr-323	136	44	the	the	DET
ftr-323	136	45	present	present	ADJ
ftr-323	136	46	u.s	u.s	PROPN
ftr-323	136	47	.	.	PROPN
ftr-323	136	48	regime	regime	NOUN
ftr-323	136	49	for	for	ADP
ftr-323	136	50	taxing	tax	VERB
ftr-323	136	51	foreign	foreign	ADJ
ftr-323	136	52	-	-	PUNCT
ftr-323	136	53	source	source	NOUN
ftr-323	136	54	income	income	NOUN
ftr-323	136	55	is	be	AUX
ftr-323	136	56	unacceptable	unacceptable	ADJ
ftr-323	136	57	and	and	CCONJ
ftr-323	136	58	requires	require	VERB
ftr-323	136	59	major	major	ADJ
ftr-323	136	60	reform	reform	NOUN
ftr-323	136	61	because	because	SCONJ
ftr-323	136	62	it	it	PRON
ftr-323	136	63	allows	allow	VERB
ftr-323	136	64	a	a	DET
ftr-323	136	65	zero	zero	NUM
ftr-323	136	66	tax	tax	NOUN
ftr-323	136	67	rate	rate	NOUN
ftr-323	136	68	to	to	PART
ftr-323	136	69	be	be	AUX
ftr-323	136	70	achieved	achieve	VERB
ftr-323	136	71	on	on	ADP
ftr-323	136	72	certain	certain	ADJ
ftr-323	136	73	foreign	foreign	ADJ
ftr-323	136	74	-	-	PUNCT
ftr-323	136	75	source	source	NOUN
ftr-323	136	76	income	income	NOUN
ftr-323	136	77	that	that	PRON
ftr-323	136	78	is	be	AUX
ftr-323	136	79	not	not	PART
ftr-323	136	80	subject	subject	ADJ
ftr-323	136	81	to	to	ADP
ftr-323	136	82	double	double	ADJ
ftr-323	136	83	taxation	taxation	NOUN
ftr-323	136	84	,	,	PUNCT
ftr-323	136	85	and	and	CCONJ
ftr-323	136	86	,	,	PUNCT
ftr-323	136	87	in	in	ADP
ftr-323	136	88	some	some	DET
ftr-323	136	89	cases	case	NOUN
ftr-323	136	90	,	,	PUNCT
ftr-323	136	91	it	it	PRON
ftr-323	136	92	even	even	ADV
ftr-323	136	93	allows	allow	VERB
ftr-323	136	94	a	a	DET
ftr-323	136	95	negative	negative	ADJ
ftr-323	136	96	rate	rate	NOUN
ftr-323	136	97	of	of	ADP
ftr-323	136	98	tax	tax	NOUN
ftr-323	136	99	to	to	PART
ftr-323	136	100	be	be	AUX
ftr-323	136	101	achieved	achieve	VERB
ftr-323	136	102	on	on	ADP
ftr-323	136	103	foreign	foreign	ADJ
ftr-323	136	104	-	-	PUNCT
ftr-323	136	105	source	source	NOUN
ftr-323	136	106	income.20	income.20	PROPN
ftr-323	136	107	we	we	PRON
ftr-323	136	108	have	have	AUX
ftr-323	136	109	argued	argue	VERB
ftr-323	136	110	,	,	PUNCT
ftr-323	136	111	however	however	ADV
ftr-323	136	112	,	,	PUNCT
ftr-323	136	113	that	that	PRON
ftr-323	136	114	fairness	fairness	NOUN
ftr-323	136	115	and	and	CCONJ
ftr-323	136	116	efficiency	efficiency	NOUN
ftr-323	136	117	considerations	consideration	NOUN
ftr-323	136	118	make	make	VERB
ftr-323	136	119	18	18	NUM
ftr-323	136	120	.	.	PUNCT
ftr-323	137	1	many	many	ADJ
ftr-323	137	2	of	of	ADP
ftr-323	137	3	the	the	DET
ftr-323	137	4	major	major	ADJ
ftr-323	137	5	trading	trading	NOUN
ftr-323	137	6	partners	partner	NOUN
ftr-323	137	7	of	of	ADP
ftr-323	137	8	the	the	DET
ftr-323	137	9	united	united	PROPN
ftr-323	137	10	states	states	PROPN
ftr-323	137	11	,	,	PUNCT
ftr-323	137	12	including	include	VERB
ftr-323	137	13	most	most	ADV
ftr-323	137	14	recently	recently	ADV
ftr-323	137	15	japan	japan	PROPN
ftr-323	137	16	and	and	CCONJ
ftr-323	137	17	the	the	DET
ftr-323	137	18	united	united	ADJ
ftr-323	137	19	kingdom	kingdom	PROPN
ftr-323	137	20	,	,	PUNCT
ftr-323	137	21	have	have	AUX
ftr-323	137	22	adopted	adopt	VERB
ftr-323	137	23	exemption	exemption	NOUN
ftr-323	137	24	or	or	CCONJ
ftr-323	137	25	territorial	territorial	ADJ
ftr-323	137	26	systems	system	NOUN
ftr-323	137	27	.	.	PUNCT
ftr-323	138	1	see	see	VERB
ftr-323	138	2	generally	generally	ADV
ftr-323	138	3	robin	robin	PROPN
ftr-323	138	4	d.	d.	PROPN
ftr-323	138	5	beran	beran	PROPN
ftr-323	138	6	,	,	PUNCT
ftr-323	138	7	david	david	PROPN
ftr-323	138	8	hartnett	hartnett	PROPN
ftr-323	138	9	,	,	PUNCT
ftr-323	138	10	anneli	anneli	PROPN
ftr-323	138	11	collins	collins	PROPN
ftr-323	138	12	&	&	CCONJ
ftr-323	138	13	jonathan	jonathan	PROPN
ftr-323	138	14	stuart	stuart	PROPN
ftr-323	138	15	-	-	PUNCT
ftr-323	138	16	smith	smith	PROPN
ftr-323	138	17	,	,	PUNCT
ftr-323	138	18	session	session	NOUN
ftr-323	138	19	2	2	NUM
ftr-323	138	20	:	:	PUNCT
ftr-323	138	21	lessons	lesson	NOUN
ftr-323	138	22	in	in	ADP
ftr-323	138	23	reform	reform	NOUN
ftr-323	138	24	—	—	PUNCT
ftr-323	138	25	discussion	discussion	NOUN
ftr-323	138	26	of	of	ADP
ftr-323	138	27	recent	recent	ADJ
ftr-323	138	28	tax	tax	NOUN
ftr-323	138	29	reform	reform	NOUN
ftr-323	138	30	in	in	ADP
ftr-323	138	31	other	other	ADJ
ftr-323	138	32	countries	country	NOUN
ftr-323	138	33	,	,	PUNCT
ftr-323	138	34	88	88	NUM
ftr-323	138	35	taxes	taxis	NOUN
ftr-323	138	36	37	37	NUM
ftr-323	138	37	(	(	PUNCT
ftr-323	138	38	june	june	PROPN
ftr-323	138	39	2010	2010	NUM
ftr-323	138	40	)	)	PUNCT
ftr-323	138	41	;	;	PUNCT
ftr-323	138	42	jim	jim	PROPN
ftr-323	138	43	carr	carr	PROPN
ftr-323	138	44	,	,	PUNCT
ftr-323	138	45	jason	jason	PROPN
ftr-323	138	46	hoerner	hoerner	PROPN
ftr-323	138	47	&	&	CCONJ
ftr-323	138	48	adrian	adrian	PROPN
ftr-323	138	49	martinez	martinez	PROPN
ftr-323	138	50	,	,	PUNCT
ftr-323	138	51	new	new	ADJ
ftr-323	138	52	foreign	foreign	ADJ
ftr-323	138	53	dividend	dividend	NOUN
ftr-323	138	54	systems	system	NOUN
ftr-323	138	55	in	in	ADP
ftr-323	138	56	japan	japan	PROPN
ftr-323	138	57	and	and	CCONJ
ftr-323	138	58	the	the	DET
ftr-323	138	59	u.k	u.k	PROPN
ftr-323	138	60	.	.	PROPN
ftr-323	138	61	:	:	PUNCT
ftr-323	138	62	tax	tax	NOUN
ftr-323	138	63	considerations	consideration	NOUN
ftr-323	138	64	for	for	ADP
ftr-323	138	65	distributions	distribution	NOUN
ftr-323	138	66	from	from	ADP
ftr-323	138	67	u.s	u.s	PROPN
ftr-323	138	68	.	.	PROPN
ftr-323	138	69	subsidiaries	subsidiary	NOUN
ftr-323	138	70	,	,	PUNCT
ftr-323	138	71	38	38	NUM
ftr-323	138	72	bna	bna	PROPN
ftr-323	138	73	tax	tax	NOUN
ftr-323	138	74	mgmt	mgmt	NOUN
ftr-323	138	75	.	.	PUNCT
ftr-323	139	1	int’l	int’l	PRON
ftr-323	139	2	j.	j.	PROPN
ftr-323	139	3	319	319	PROPN
ftr-323	139	4	(	(	PUNCT
ftr-323	139	5	2009	2009	NUM
ftr-323	139	6	)	)	PUNCT
ftr-323	139	7	.	.	PUNCT
ftr-323	140	1	a	a	DET
ftr-323	140	2	number	number	NOUN
ftr-323	140	3	of	of	ADP
ftr-323	140	4	the	the	DET
ftr-323	140	5	cited	cite	VERB
ftr-323	140	6	reasons	reason	NOUN
ftr-323	140	7	these	these	DET
ftr-323	140	8	countries	country	NOUN
ftr-323	140	9	adopted	adopt	VERB
ftr-323	140	10	territorial	territorial	ADJ
ftr-323	140	11	systems	system	NOUN
ftr-323	140	12	are	be	AUX
ftr-323	140	13	inapposite	inapposite	ADJ
ftr-323	140	14	to	to	ADP
ftr-323	140	15	circumstances	circumstance	NOUN
ftr-323	140	16	in	in	ADP
ftr-323	140	17	the	the	DET
ftr-323	140	18	united	united	PROPN
ftr-323	140	19	states	states	PROPN
ftr-323	140	20	and	and	CCONJ
ftr-323	140	21	reflect	reflect	VERB
ftr-323	140	22	materially	materially	ADV
ftr-323	140	23	different	different	ADJ
ftr-323	140	24	circumstances	circumstance	NOUN
ftr-323	140	25	.	.	PUNCT
ftr-323	141	1	for	for	ADP
ftr-323	141	2	example	example	NOUN
ftr-323	141	3	,	,	PUNCT
ftr-323	141	4	the	the	DET
ftr-323	141	5	membership	membership	NOUN
ftr-323	141	6	of	of	ADP
ftr-323	141	7	the	the	DET
ftr-323	141	8	united	united	ADJ
ftr-323	141	9	kingdom	kingdom	NOUN
ftr-323	141	10	in	in	ADP
ftr-323	141	11	the	the	DET
ftr-323	141	12	european	european	PROPN
ftr-323	141	13	union	union	PROPN
ftr-323	141	14	and	and	CCONJ
ftr-323	141	15	the	the	DET
ftr-323	141	16	relative	relative	ADJ
ftr-323	141	17	size	size	NOUN
ftr-323	141	18	and	and	CCONJ
ftr-323	141	19	role	role	NOUN
ftr-323	141	20	of	of	ADP
ftr-323	141	21	the	the	DET
ftr-323	141	22	london	london	PROPN
ftr-323	141	23	stock	stock	NOUN
ftr-323	141	24	exchange	exchange	NOUN
ftr-323	141	25	in	in	ADP
ftr-323	141	26	the	the	DET
ftr-323	141	27	united	united	PROPN
ftr-323	141	28	kingdom	kingdom	PROPN
ftr-323	141	29	affected	affect	VERB
ftr-323	141	30	the	the	DET
ftr-323	141	31	united	united	PROPN
ftr-323	141	32	kingdom	kingdom	PROPN
ftr-323	141	33	’s	’s	PART
ftr-323	141	34	tax	tax	NOUN
ftr-323	141	35	policy	policy	NOUN
ftr-323	141	36	decisions	decision	NOUN
ftr-323	141	37	in	in	ADP
ftr-323	141	38	ways	way	NOUN
ftr-323	141	39	that	that	PRON
ftr-323	141	40	are	be	AUX
ftr-323	141	41	not	not	PART
ftr-323	141	42	relevant	relevant	ADJ
ftr-323	141	43	in	in	ADP
ftr-323	141	44	the	the	DET
ftr-323	141	45	united	united	PROPN
ftr-323	141	46	states	states	PROPN
ftr-323	141	47	.	.	PUNCT
ftr-323	142	1	whether	whether	SCONJ
ftr-323	142	2	the	the	DET
ftr-323	142	3	tax	tax	NOUN
ftr-323	142	4	policies	policy	NOUN
ftr-323	142	5	of	of	ADP
ftr-323	142	6	other	other	ADJ
ftr-323	142	7	countries	country	NOUN
ftr-323	142	8	should	should	AUX
ftr-323	142	9	be	be	AUX
ftr-323	142	10	used	use	VERB
ftr-323	142	11	as	as	ADP
ftr-323	142	12	models	model	NOUN
ftr-323	142	13	for	for	ADP
ftr-323	142	14	the	the	DET
ftr-323	142	15	united	united	PROPN
ftr-323	142	16	states	states	PROPN
ftr-323	142	17	is	be	AUX
ftr-323	142	18	a	a	DET
ftr-323	142	19	recurring	recur	VERB
ftr-323	142	20	question	question	NOUN
ftr-323	142	21	that	that	PRON
ftr-323	142	22	deserves	deserve	VERB
ftr-323	142	23	a	a	DET
ftr-323	142	24	broader	broad	ADJ
ftr-323	142	25	and	and	CCONJ
ftr-323	142	26	more	more	ADV
ftr-323	142	27	substantial	substantial	ADJ
ftr-323	142	28	analysis	analysis	NOUN
ftr-323	142	29	.	.	PUNCT
ftr-323	143	1	see	see	VERB
ftr-323	143	2	stephen	stephen	PROPN
ftr-323	143	3	e.	e.	PROPN
ftr-323	143	4	shay	shay	PROPN
ftr-323	143	5	,	,	PUNCT
ftr-323	143	6	keynote	keynote	ADJ
ftr-323	143	7	address	address	NOUN
ftr-323	143	8	,	,	PUNCT
ftr-323	143	9	88	88	NUM
ftr-323	143	10	taxes	taxis	NOUN
ftr-323	143	11	49	49	NUM
ftr-323	143	12	,	,	PUNCT
ftr-323	143	13	49	49	NUM
ftr-323	143	14	-	-	SYM
ftr-323	143	15	51	51	NUM
ftr-323	143	16	(	(	PUNCT
ftr-323	143	17	june	june	PROPN
ftr-323	143	18	2010	2010	NUM
ftr-323	143	19	)	)	PUNCT
ftr-323	143	20	.	.	PUNCT
ftr-323	144	1	19	19	NUM
ftr-323	144	2	.	.	X
ftr-323	144	3	see	see	VERB
ftr-323	144	4	,	,	PUNCT
ftr-323	144	5	e.g.	e.g.	ADV
ftr-323	144	6	,	,	PUNCT
ftr-323	144	7	business	business	NOUN
ftr-323	144	8	roundtable	roundtable	PROPN
ftr-323	144	9	&	&	CCONJ
ftr-323	144	10	business	business	PROPN
ftr-323	144	11	council	council	PROPN
ftr-323	144	12	,	,	PUNCT
ftr-323	144	13	policy	policy	NOUN
ftr-323	144	14	burdens	burden	NOUN
ftr-323	144	15	inhibiting	inhibit	VERB
ftr-323	144	16	economic	economic	ADJ
ftr-323	144	17	growth	growth	NOUN
ftr-323	144	18	(	(	PUNCT
ftr-323	144	19	june	june	PROPN
ftr-323	144	20	21	21	NUM
ftr-323	144	21	,	,	PUNCT
ftr-323	144	22	2010	2010	NUM
ftr-323	144	23	)	)	PUNCT
ftr-323	145	1	[	[	X
ftr-323	145	2	hereinafter	hereinafter	NOUN
ftr-323	145	3	business	business	NOUN
ftr-323	145	4	roundtable	roundtable	NOUN
ftr-323	145	5	,	,	PUNCT
ftr-323	145	6	policy	policy	NOUN
ftr-323	145	7	burdens	burden	NOUN
ftr-323	145	8	]	]	PUNCT
ftr-323	145	9	,	,	PUNCT
ftr-323	145	10	http://businessroundtable.org/uploads/hearingsletters/downloads/20100621_letter_to_omb_director_orszag_from_brt_and_bc	http://businessroundtable.org/uploads/hearingsletters/downloads/20100621_letter_to_omb_director_orszag_from_brt_and_bc	PROPN
ftr-323	145	11	_	_	PUNCT
ftr-323	145	12	with_attachments.pdf	with_attachments.pdf	NOUN
ftr-323	145	13	;	;	PUNCT
ftr-323	145	14	mihir	mihir	PROPN
ftr-323	145	15	a.	a.	PROPN
ftr-323	145	16	desai	desai	PROPN
ftr-323	145	17	&	&	CCONJ
ftr-323	145	18	james	james	PROPN
ftr-323	145	19	r.	r.	PROPN
ftr-323	145	20	hines	hines	PROPN
ftr-323	145	21	,	,	PUNCT
ftr-323	145	22	jr	jr	PROPN
ftr-323	145	23	.	.	PROPN
ftr-323	145	24	,	,	PUNCT
ftr-323	145	25	old	old	ADJ
ftr-323	145	26	rules	rule	NOUN
ftr-323	145	27	and	and	CCONJ
ftr-323	145	28	new	new	ADJ
ftr-323	145	29	realities	reality	NOUN
ftr-323	145	30	:	:	PUNCT
ftr-323	145	31	corporate	corporate	ADJ
ftr-323	145	32	tax	tax	NOUN
ftr-323	145	33	policy	policy	NOUN
ftr-323	145	34	in	in	ADP
ftr-323	145	35	a	a	DET
ftr-323	145	36	global	global	ADJ
ftr-323	145	37	setting	setting	NOUN
ftr-323	145	38	,	,	PUNCT
ftr-323	145	39	57	57	NUM
ftr-323	145	40	nat’l	nat’l	NOUN
ftr-323	145	41	tax	tax	NOUN
ftr-323	145	42	j.	j.	PROPN
ftr-323	145	43	937	937	NUM
ftr-323	145	44	(	(	PUNCT
ftr-323	145	45	2004	2004	NUM
ftr-323	145	46	)	)	PUNCT
ftr-323	145	47	;	;	PUNCT
ftr-323	145	48	j.d	j.d	PROPN
ftr-323	145	49	.	.	PROPN
ftr-323	145	50	foster	foster	PROPN
ftr-323	145	51	&	&	CCONJ
ftr-323	145	52	curtis	curtis	PROPN
ftr-323	145	53	s.	s.	PROPN
ftr-323	145	54	dubay	dubay	PROPN
ftr-323	145	55	,	,	PUNCT
ftr-323	145	56	obama	obama	PROPN
ftr-323	145	57	international	international	ADJ
ftr-323	145	58	tax	tax	NOUN
ftr-323	145	59	plan	plan	NOUN
ftr-323	145	60	would	would	AUX
ftr-323	145	61	weaken	weaken	VERB
ftr-323	145	62	global	global	ADJ
ftr-323	145	63	competitiveness	competitiveness	NOUN
ftr-323	145	64	,	,	PUNCT
ftr-323	145	65	the	the	DET
ftr-323	145	66	heritage	heritage	NOUN
ftr-323	145	67	found	find	VERB
ftr-323	145	68	.	.	PUNCT
ftr-323	146	1	(	(	PUNCT
ftr-323	146	2	apr	apr	NOUN
ftr-323	146	3	.	.	PROPN
ftr-323	146	4	5	5	NUM
ftr-323	146	5	,	,	PUNCT
ftr-323	146	6	2009	2009	NUM
ftr-323	146	7	)	)	PUNCT
ftr-323	146	8	,	,	PUNCT
ftr-323	146	9	http://www.heritage.org/research/reports/2009/05/obama-international-tax-planwould-weaken-global-competitiveness	http://www.heritage.org/research/reports/2009/05/obama-international-tax-planwould-weaken-global-competitiveness	NOUN
ftr-323	146	10	.	.	PUNCT
ftr-323	147	1	the	the	DET
ftr-323	147	2	u.s	u.s	PROPN
ftr-323	147	3	.	.	PROPN
ftr-323	147	4	multinational	multinational	ADJ
ftr-323	147	5	corporate	corporate	ADJ
ftr-323	147	6	business	business	NOUN
ftr-323	147	7	community	community	NOUN
ftr-323	147	8	’s	’s	PART
ftr-323	147	9	historical	historical	ADJ
ftr-323	147	10	indifference	indifference	NOUN
ftr-323	147	11	to	to	ADP
ftr-323	147	12	territoriality	territoriality	NOUN
ftr-323	147	13	has	have	AUX
ftr-323	147	14	been	be	AUX
ftr-323	147	15	due	due	ADJ
ftr-323	147	16	to	to	ADP
ftr-323	147	17	the	the	DET
ftr-323	147	18	fact	fact	NOUN
ftr-323	147	19	that	that	SCONJ
ftr-323	147	20	the	the	DET
ftr-323	147	21	present	present	ADJ
ftr-323	147	22	,	,	PUNCT
ftr-323	147	23	highly	highly	ADV
ftr-323	147	24	flawed	flawed	ADJ
ftr-323	147	25	,	,	PUNCT
ftr-323	147	26	u.s	u.s	PROPN
ftr-323	147	27	.	.	PROPN
ftr-323	147	28	worldwide	worldwide	PROPN
ftr-323	147	29	regime	regime	NOUN
ftr-323	147	30	allows	allow	VERB
ftr-323	147	31	u.s	u.s	PROPN
ftr-323	147	32	.	.	PROPN
ftr-323	147	33	multinational	multinational	ADJ
ftr-323	147	34	corporations	corporation	NOUN
ftr-323	147	35	to	to	PART
ftr-323	147	36	exceed	exceed	VERB
ftr-323	147	37	the	the	DET
ftr-323	147	38	limits	limit	NOUN
ftr-323	147	39	of	of	ADP
ftr-323	147	40	a	a	DET
ftr-323	147	41	principled	principled	ADJ
ftr-323	147	42	exemption	exemption	NOUN
ftr-323	147	43	system	system	NOUN
ftr-323	147	44	.	.	PUNCT
ftr-323	148	1	see	see	AUX
ftr-323	148	2	generally	generally	ADV
ftr-323	148	3	fleming	fleme	VERB
ftr-323	148	4	,	,	PUNCT
ftr-323	148	5	peroni	peroni	PROPN
ftr-323	148	6	&	&	CCONJ
ftr-323	148	7	shay	shay	PROPN
ftr-323	148	8	,	,	PUNCT
ftr-323	148	9	worse	bad	ADJ
ftr-323	148	10	than	than	ADP
ftr-323	148	11	exemption	exemption	NOUN
ftr-323	148	12	,	,	PUNCT
ftr-323	148	13	supra	supra	PROPN
ftr-323	148	14	note	note	NOUN
ftr-323	148	15	4	4	NUM
ftr-323	148	16	;	;	PUNCT
ftr-323	148	17	national	national	ADJ
ftr-323	148	18	foreign	foreign	PROPN
ftr-323	148	19	trade	trade	PROPN
ftr-323	148	20	council	council	PROPN
ftr-323	148	21	,	,	PUNCT
ftr-323	148	22	inc	inc	PROPN
ftr-323	148	23	.	.	PROPN
ftr-323	148	24	,	,	PUNCT
ftr-323	148	25	the	the	DET
ftr-323	148	26	nftc	nftc	NOUN
ftr-323	148	27	’s	’s	PART
ftr-323	148	28	report	report	NOUN
ftr-323	148	29	on	on	ADP
ftr-323	148	30	territorial	territorial	ADJ
ftr-323	148	31	taxation	taxation	NOUN
ftr-323	148	32	,	,	PUNCT
ftr-323	148	33	27	27	NUM
ftr-323	148	34	tax	tax	NOUN
ftr-323	148	35	notes	note	NOUN
ftr-323	148	36	int’l	int’l	NOUN
ftr-323	148	37	687	687	NUM
ftr-323	148	38	(	(	PUNCT
ftr-323	148	39	aug	aug	PROPN
ftr-323	148	40	.	.	PROPN
ftr-323	148	41	5	5	NUM
ftr-323	148	42	,	,	PUNCT
ftr-323	148	43	2002	2002	NUM
ftr-323	148	44	)	)	PUNCT
ftr-323	149	1	[	[	X
ftr-323	149	2	hereinafter	hereinafter	NOUN
ftr-323	149	3	national	national	ADJ
ftr-323	149	4	foreign	foreign	PROPN
ftr-323	149	5	trade	trade	PROPN
ftr-323	149	6	council	council	PROPN
ftr-323	149	7	,	,	PUNCT
ftr-323	149	8	inc	inc	PROPN
ftr-323	149	9	.	.	PROPN
ftr-323	149	10	,	,	PUNCT
ftr-323	149	11	nftc	nftc	NOUN
ftr-323	149	12	report	report	NOUN
ftr-323	149	13	]	]	X
ftr-323	149	14	.	.	PUNCT
ftr-323	149	15	20	20	NUM
ftr-323	149	16	.	.	PUNCT
ftr-323	149	17	see	see	AUX
ftr-323	149	18	generally	generally	ADV
ftr-323	149	19	fleming	fleme	VERB
ftr-323	149	20	,	,	PUNCT
ftr-323	149	21	peroni	peroni	PROPN
ftr-323	149	22	&	&	CCONJ
ftr-323	149	23	shay	shay	PROPN
ftr-323	149	24	,	,	PUNCT
ftr-323	149	25	worse	bad	ADJ
ftr-323	149	26	than	than	ADP
ftr-323	149	27	exemption	exemption	NOUN
ftr-323	149	28	,	,	PUNCT
ftr-323	149	29	supra	supra	PROPN
ftr-323	149	30	note	note	NOUN
ftr-323	149	31	4	4	NUM
ftr-323	149	32	.	.	NOUN
ftr-323	149	33	2012	2012	NUM
ftr-323	149	34	]	]	PUNCT
ftr-323	149	35	exemption	exemption	NOUN
ftr-323	149	36	when	when	SCONJ
ftr-323	149	37	the	the	DET
ftr-323	149	38	treasury	treasury	NOUN
ftr-323	149	39	is	be	AUX
ftr-323	149	40	empty	empty	ADJ
ftr-323	149	41	405	405	NUM
ftr-323	149	42	territoriality	territoriality	NOUN
ftr-323	149	43	the	the	DET
ftr-323	149	44	wrong	wrong	ADJ
ftr-323	149	45	solution	solution	NOUN
ftr-323	149	46	for	for	ADP
ftr-323	149	47	the	the	DET
ftr-323	149	48	united	united	PROPN
ftr-323	149	49	states.21	states.21	PROPN
ftr-323	149	50	instead	instead	ADV
ftr-323	149	51	,	,	PUNCT
ftr-323	149	52	the	the	DET
ftr-323	149	53	defects	defect	NOUN
ftr-323	149	54	in	in	ADP
ftr-323	149	55	the	the	DET
ftr-323	149	56	present	present	ADJ
ftr-323	149	57	u.s	u.s	PROPN
ftr-323	149	58	.	.	PROPN
ftr-323	149	59	regime	regime	NOUN
ftr-323	149	60	should	should	AUX
ftr-323	149	61	be	be	AUX
ftr-323	149	62	corrected	correct	VERB
ftr-323	149	63	so	so	SCONJ
ftr-323	149	64	that	that	SCONJ
ftr-323	149	65	it	it	PRON
ftr-323	149	66	achieves	achieve	VERB
ftr-323	149	67	the	the	DET
ftr-323	149	68	efficiency	efficiency	NOUN
ftr-323	149	69	and	and	CCONJ
ftr-323	149	70	fairness	fairness	NOUN
ftr-323	149	71	objectives	objective	NOUN
ftr-323	149	72	of	of	ADP
ftr-323	149	73	a	a	DET
ftr-323	149	74	principled	principled	ADJ
ftr-323	149	75	worldwide	worldwide	ADJ
ftr-323	149	76	system.22	system.22	NOUN
ftr-323	149	77	nevertheless	nevertheless	ADV
ftr-323	149	78	,	,	PUNCT
ftr-323	149	79	the	the	DET
ftr-323	149	80	u.s	u.s	PROPN
ftr-323	149	81	.	.	PROPN
ftr-323	149	82	multinational	multinational	ADJ
ftr-323	149	83	business	business	NOUN
ftr-323	149	84	community	community	NOUN
ftr-323	149	85	shows	show	VERB
ftr-323	149	86	signs	sign	NOUN
ftr-323	149	87	of	of	ADP
ftr-323	149	88	abandoning	abandon	VERB
ftr-323	149	89	its	its	PRON
ftr-323	149	90	traditional	traditional	ADJ
ftr-323	149	91	lack	lack	NOUN
ftr-323	149	92	of	of	ADP
ftr-323	149	93	enthusiasm	enthusiasm	NOUN
ftr-323	149	94	for	for	ADP
ftr-323	149	95	territoriality	territoriality	NOUN
ftr-323	149	96	and	and	CCONJ
ftr-323	149	97	of	of	ADP
ftr-323	149	98	moving	move	VERB
ftr-323	149	99	towards	towards	ADP
ftr-323	149	100	supporting	support	VERB
ftr-323	149	101	a	a	DET
ftr-323	149	102	u.s	u.s	PROPN
ftr-323	149	103	.	.	PROPN
ftr-323	149	104	exemption	exemption	NOUN
ftr-323	149	105	system	system	NOUN
ftr-323	149	106	(	(	PUNCT
ftr-323	149	107	although	although	SCONJ
ftr-323	149	108	the	the	DET
ftr-323	149	109	enthusiasm	enthusiasm	NOUN
ftr-323	149	110	for	for	ADP
ftr-323	149	111	territoriality	territoriality	NOUN
ftr-323	149	112	definitely	definitely	ADV
ftr-323	149	113	varies	vary	VERB
ftr-323	149	114	from	from	ADP
ftr-323	149	115	industry	industry	NOUN
ftr-323	149	116	to	to	ADP
ftr-323	149	117	industry	industry	NOUN
ftr-323	149	118	and	and	CCONJ
ftr-323	149	119	from	from	ADP
ftr-323	149	120	company	company	NOUN
ftr-323	149	121	to	to	ADP
ftr-323	149	122	company	company	NOUN
ftr-323	149	123	within	within	ADP
ftr-323	149	124	an	an	DET
ftr-323	149	125	industry).23	industry).23	NOUN
ftr-323	149	126	broad	broad	ADJ
ftr-323	149	127	multinational	multinational	ADJ
ftr-323	149	128	business	business	NOUN
ftr-323	149	129	support	support	NOUN
ftr-323	149	130	surely	surely	ADV
ftr-323	149	131	increases	increase	VERB
ftr-323	149	132	the	the	DET
ftr-323	149	133	political	political	ADJ
ftr-323	149	134	pressure	pressure	NOUN
ftr-323	149	135	to	to	PART
ftr-323	149	136	adopt	adopt	VERB
ftr-323	149	137	territoriality	territoriality	NOUN
ftr-323	149	138	.	.	PUNCT
ftr-323	150	1	the	the	DET
ftr-323	150	2	beneficiaries	beneficiary	NOUN
ftr-323	150	3	of	of	ADP
ftr-323	150	4	zero	zero	NUM
ftr-323	150	5	or	or	CCONJ
ftr-323	150	6	negative	negative	ADJ
ftr-323	150	7	tax	tax	NOUN
ftr-323	150	8	rates	rate	NOUN
ftr-323	150	9	do	do	AUX
ftr-323	150	10	not	not	PART
ftr-323	150	11	,	,	PUNCT
ftr-323	150	12	however	however	ADV
ftr-323	150	13	,	,	PUNCT
ftr-323	150	14	meekly	meekly	ADV
ftr-323	150	15	surrender	surrender	VERB
ftr-323	150	16	them	they	PRON
ftr-323	150	17	.	.	PUNCT
ftr-323	151	1	thus	thus	ADV
ftr-323	151	2	,	,	PUNCT
ftr-323	151	3	if	if	SCONJ
ftr-323	151	4	the	the	DET
ftr-323	151	5	u.s	u.s	PROPN
ftr-323	151	6	.	.	PROPN
ftr-323	151	7	congress	congress	PROPN
ftr-323	151	8	undertakes	undertake	VERB
ftr-323	151	9	to	to	PART
ftr-323	151	10	craft	craft	VERB
ftr-323	151	11	a	a	DET
ftr-323	151	12	territorial	territorial	ADJ
ftr-323	151	13	or	or	CCONJ
ftr-323	151	14	exemption	exemption	NOUN
ftr-323	151	15	system	system	NOUN
ftr-323	151	16	for	for	ADP
ftr-323	151	17	foreign	foreign	ADJ
ftr-323	151	18	-	-	PUNCT
ftr-323	151	19	source	source	NOUN
ftr-323	151	20	active	active	ADJ
ftr-323	151	21	business	business	NOUN
ftr-323	151	22	income	income	NOUN
ftr-323	151	23	,	,	PUNCT
ftr-323	151	24	the	the	DET
ftr-323	151	25	international	international	ADJ
ftr-323	151	26	business	business	NOUN
ftr-323	151	27	community	community	NOUN
ftr-323	151	28	will	will	AUX
ftr-323	151	29	undoubtedly	undoubtedly	ADV
ftr-323	151	30	lobby	lobby	VERB
ftr-323	151	31	for	for	ADP
ftr-323	151	32	a	a	DET
ftr-323	151	33	flawed	flawed	ADJ
ftr-323	151	34	system	system	NOUN
ftr-323	151	35	that	that	PRON
ftr-323	151	36	preserves	preserve	VERB
ftr-323	151	37	aspects	aspect	NOUN
ftr-323	151	38	of	of	ADP
ftr-323	151	39	the	the	DET
ftr-323	151	40	present	present	ADJ
ftr-323	151	41	regime	regime	NOUN
ftr-323	151	42	which	which	PRON
ftr-323	151	43	are	be	AUX
ftr-323	151	44	more	more	ADV
ftr-323	151	45	generous	generous	ADJ
ftr-323	151	46	to	to	ADP
ftr-323	151	47	taxpayers	taxpayer	NOUN
ftr-323	151	48	than	than	ADP
ftr-323	151	49	a	a	DET
ftr-323	151	50	properly	properly	ADV
ftr-323	151	51	designed	design	VERB
ftr-323	151	52	territorial	territorial	ADJ
ftr-323	151	53	system	system	NOUN
ftr-323	151	54	would	would	AUX
ftr-323	151	55	be.24	be.24	VERB
ftr-323	151	56	in	in	ADP
ftr-323	151	57	our	our	PRON
ftr-323	151	58	view	view	NOUN
ftr-323	151	59	,	,	PUNCT
ftr-323	151	60	the	the	DET
ftr-323	151	61	united	united	PROPN
ftr-323	151	62	states	states	PROPN
ftr-323	151	63	should	should	AUX
ftr-323	151	64	never	never	ADV
ftr-323	151	65	adopt	adopt	VERB
ftr-323	151	66	a	a	DET
ftr-323	151	67	taxation	taxation	NOUN
ftr-323	151	68	scheme	scheme	NOUN
ftr-323	151	69	with	with	ADP
ftr-323	151	70	features	feature	NOUN
ftr-323	151	71	that	that	DET
ftr-323	151	72	amount	amount	NOUN
ftr-323	151	73	to	to	ADP
ftr-323	151	74	unprincipled	unprincipled	ADJ
ftr-323	151	75	transfers	transfer	NOUN
ftr-323	151	76	of	of	ADP
ftr-323	151	77	largesse	largesse	NOUN
ftr-323	151	78	.	.	PUNCT
ftr-323	152	1	adherence	adherence	NOUN
ftr-323	152	2	to	to	ADP
ftr-323	152	3	21	21	NUM
ftr-323	152	4	.	.	PUNCT
ftr-323	153	1	see	see	VERB
ftr-323	153	2	j.	j.	PROPN
ftr-323	153	3	clifton	clifton	PROPN
ftr-323	153	4	fleming	fleming	PROPN
ftr-323	153	5	,	,	PUNCT
ftr-323	153	6	jr	jr	PROPN
ftr-323	153	7	.	.	PROPN
ftr-323	153	8	,	,	PUNCT
ftr-323	153	9	&	&	CCONJ
ftr-323	153	10	robert	robert	PROPN
ftr-323	153	11	j.	j.	PROPN
ftr-323	153	12	peroni	peroni	PROPN
ftr-323	153	13	,	,	PUNCT
ftr-323	153	14	exploring	explore	VERB
ftr-323	153	15	the	the	DET
ftr-323	153	16	contours	contours	NOUN
ftr-323	153	17	of	of	ADP
ftr-323	153	18	a	a	DET
ftr-323	153	19	proposed	propose	VERB
ftr-323	153	20	u.s	u.s	PROPN
ftr-323	153	21	.	.	PROPN
ftr-323	153	22	exemption	exemption	NOUN
ftr-323	153	23	(	(	PUNCT
ftr-323	153	24	territorial	territorial	ADJ
ftr-323	153	25	)	)	PUNCT
ftr-323	153	26	tax	tax	NOUN
ftr-323	153	27	system	system	NOUN
ftr-323	153	28	,	,	PUNCT
ftr-323	153	29	109	109	NUM
ftr-323	153	30	tax	tax	NOUN
ftr-323	153	31	notes	note	NOUN
ftr-323	153	32	1557	1557	NUM
ftr-323	153	33	(	(	PUNCT
ftr-323	153	34	dec	dec	PROPN
ftr-323	153	35	.	.	PROPN
ftr-323	153	36	19	19	NUM
ftr-323	153	37	,	,	PUNCT
ftr-323	153	38	2005	2005	NUM
ftr-323	153	39	)	)	PUNCT
ftr-323	154	1	[	[	X
ftr-323	154	2	hereinafter	hereinafter	NOUN
ftr-323	154	3	fleming	fleming	PROPN
ftr-323	154	4	&	&	CCONJ
ftr-323	154	5	peroni	peroni	PROPN
ftr-323	154	6	,	,	PUNCT
ftr-323	154	7	exploring	explore	VERB
ftr-323	154	8	the	the	DET
ftr-323	154	9	contours	contours	NOUN
ftr-323	154	10	]	]	X
ftr-323	154	11	;	;	PUNCT
ftr-323	154	12	fleming	fleming	PROPN
ftr-323	154	13	,	,	PUNCT
ftr-323	154	14	peroni	peroni	PROPN
ftr-323	154	15	&	&	CCONJ
ftr-323	154	16	shay	shay	PROPN
ftr-323	154	17	,	,	PUNCT
ftr-323	154	18	fairness	fairness	NOUN
ftr-323	154	19	in	in	ADP
ftr-323	154	20	international	international	ADJ
ftr-323	154	21	taxation	taxation	NOUN
ftr-323	154	22	,	,	PUNCT
ftr-323	154	23	supra	supra	PROPN
ftr-323	154	24	note	note	PROPN
ftr-323	154	25	3	3	NUM
ftr-323	154	26	;	;	PUNCT
ftr-323	154	27	peroni	peroni	PROPN
ftr-323	154	28	,	,	PUNCT
ftr-323	154	29	fleming	fleming	PROPN
ftr-323	154	30	&	&	CCONJ
ftr-323	154	31	shay	shay	PROPN
ftr-323	154	32	,	,	PUNCT
ftr-323	154	33	getting	get	VERB
ftr-323	154	34	serious	serious	ADJ
ftr-323	154	35	,	,	PUNCT
ftr-323	154	36	supra	supra	ADJ
ftr-323	154	37	note	note	NOUN
ftr-323	154	38	3	3	NUM
ftr-323	154	39	;	;	PUNCT
ftr-323	154	40	j.	j.	PROPN
ftr-323	154	41	clifton	clifton	PROPN
ftr-323	154	42	fleming	fleming	PROPN
ftr-323	154	43	,	,	PUNCT
ftr-323	154	44	jr	jr	PROPN
ftr-323	154	45	.	.	PROPN
ftr-323	154	46	,	,	PUNCT
ftr-323	154	47	robert	robert	PROPN
ftr-323	154	48	j.	j.	PROPN
ftr-323	154	49	peroni	peroni	PROPN
ftr-323	154	50	&	&	CCONJ
ftr-323	154	51	stephen	stephen	PROPN
ftr-323	154	52	e.	e.	PROPN
ftr-323	154	53	shay	shay	PROPN
ftr-323	154	54	,	,	PUNCT
ftr-323	154	55	perspectives	perspective	NOUN
ftr-323	154	56	on	on	ADP
ftr-323	154	57	the	the	DET
ftr-323	154	58	worldwide	worldwide	NOUN
ftr-323	154	59	v.	v.	ADP
ftr-323	154	60	territorial	territorial	ADJ
ftr-323	154	61	taxation	taxation	NOUN
ftr-323	154	62	debate	debate	NOUN
ftr-323	154	63	,	,	PUNCT
ftr-323	154	64	125	125	NUM
ftr-323	154	65	tax	tax	NOUN
ftr-323	154	66	notes	note	NOUN
ftr-323	154	67	1079	1079	NUM
ftr-323	154	68	(	(	PUNCT
ftr-323	154	69	dec	dec	PROPN
ftr-323	154	70	.	.	PROPN
ftr-323	154	71	7	7	NUM
ftr-323	154	72	,	,	PUNCT
ftr-323	154	73	2009	2009	NUM
ftr-323	154	74	)	)	PUNCT
ftr-323	155	1	[	[	X
ftr-323	155	2	hereinafter	hereinafter	NOUN
ftr-323	155	3	fleming	fleming	NOUN
ftr-323	155	4	,	,	PUNCT
ftr-323	155	5	peroni	peroni	PROPN
ftr-323	155	6	&	&	CCONJ
ftr-323	155	7	shay	shay	PROPN
ftr-323	155	8	,	,	PUNCT
ftr-323	155	9	worldwide	worldwide	ADV
ftr-323	155	10	v.	v.	ADP
ftr-323	155	11	territorial	territorial	NOUN
ftr-323	155	12	]	]	X
ftr-323	155	13	;	;	PUNCT
ftr-323	155	14	j.	j.	PROPN
ftr-323	155	15	clifton	clifton	PROPN
ftr-323	155	16	fleming	fleming	PROPN
ftr-323	155	17	,	,	PUNCT
ftr-323	155	18	jr	jr	PROPN
ftr-323	155	19	.	.	PROPN
ftr-323	155	20	,	,	PUNCT
ftr-323	155	21	robert	robert	PROPN
ftr-323	155	22	j.	j.	PROPN
ftr-323	155	23	peroni	peroni	PROPN
ftr-323	155	24	&	&	CCONJ
ftr-323	155	25	stephen	stephen	PROPN
ftr-323	155	26	e.	e.	PROPN
ftr-323	155	27	shay	shay	PROPN
ftr-323	155	28	,	,	PUNCT
ftr-323	155	29	some	some	DET
ftr-323	155	30	perspectives	perspective	NOUN
ftr-323	155	31	from	from	ADP
ftr-323	155	32	the	the	DET
ftr-323	155	33	united	united	PROPN
ftr-323	155	34	states	states	PROPN
ftr-323	155	35	on	on	ADP
ftr-323	155	36	the	the	DET
ftr-323	155	37	worldwide	worldwide	ADJ
ftr-323	155	38	taxation	taxation	NOUN
ftr-323	155	39	v.	v.	ADP
ftr-323	155	40	territorial	territorial	ADJ
ftr-323	155	41	taxation	taxation	NOUN
ftr-323	155	42	debate	debate	NOUN
ftr-323	155	43	,	,	PUNCT
ftr-323	155	44	3	3	NUM
ftr-323	155	45	j.	j.	PROPN
ftr-323	155	46	australasian	australasian	ADJ
ftr-323	155	47	tax	tax	NOUN
ftr-323	155	48	teachers	teacher	NOUN
ftr-323	155	49	ass’n	ass’n	PROPN
ftr-323	155	50	35	35	NUM
ftr-323	155	51	(	(	PUNCT
ftr-323	155	52	2008	2008	NUM
ftr-323	155	53	)	)	PUNCT
ftr-323	156	1	[	[	X
ftr-323	156	2	hereinafter	hereinafter	NOUN
ftr-323	156	3	fleming	fleming	NOUN
ftr-323	156	4	,	,	PUNCT
ftr-323	156	5	peroni	peroni	PROPN
ftr-323	156	6	&	&	CCONJ
ftr-323	156	7	shay	shay	PROPN
ftr-323	156	8	,	,	PUNCT
ftr-323	156	9	perspectives	perspective	NOUN
ftr-323	156	10	from	from	ADP
ftr-323	156	11	the	the	DET
ftr-323	156	12	united	united	PROPN
ftr-323	156	13	states	states	PROPN
ftr-323	156	14	]	]	PUNCT
ftr-323	156	15	;	;	PUNCT
ftr-323	156	16	see	see	VERB
ftr-323	156	17	also	also	ADV
ftr-323	156	18	samuel	samuel	PROPN
ftr-323	156	19	c.	c.	PROPN
ftr-323	156	20	thompson	thompson	PROPN
ftr-323	156	21	,	,	PUNCT
ftr-323	156	22	jr	jr	PROPN
ftr-323	156	23	.	.	PROPN
ftr-323	156	24	,	,	PUNCT
ftr-323	156	25	obama	obama	PROPN
ftr-323	156	26	’s	’s	PART
ftr-323	156	27	international	international	ADJ
ftr-323	156	28	tax	tax	NOUN
ftr-323	156	29	proposal	proposal	NOUN
ftr-323	156	30	is	be	AUX
ftr-323	156	31	too	too	ADV
ftr-323	156	32	timid	timid	ADJ
ftr-323	156	33	,	,	PUNCT
ftr-323	156	34	123	123	NUM
ftr-323	156	35	tax	tax	NOUN
ftr-323	156	36	notes	note	NOUN
ftr-323	156	37	738	738	NUM
ftr-323	156	38	(	(	PUNCT
ftr-323	156	39	may	may	PROPN
ftr-323	156	40	11	11	NUM
ftr-323	156	41	,	,	PUNCT
ftr-323	156	42	2009	2009	NUM
ftr-323	156	43	)	)	PUNCT
ftr-323	157	1	[	[	X
ftr-323	157	2	hereinafter	hereinafter	NOUN
ftr-323	157	3	thompson	thompson	PROPN
ftr-323	157	4	,	,	PUNCT
ftr-323	157	5	obama	obama	PROPN
ftr-323	157	6	’s	’s	PART
ftr-323	157	7	international	international	ADJ
ftr-323	157	8	tax	tax	NOUN
ftr-323	157	9	proposal	proposal	NOUN
ftr-323	157	10	]	]	PUNCT
ftr-323	157	11	.	.	PUNCT
ftr-323	158	1	22	22	NUM
ftr-323	158	2	.	.	PUNCT
ftr-323	159	1	see	see	AUX
ftr-323	159	2	generally	generally	ADV
ftr-323	159	3	fleming	fleme	VERB
ftr-323	159	4	,	,	PUNCT
ftr-323	159	5	peroni	peroni	PROPN
ftr-323	159	6	&	&	CCONJ
ftr-323	159	7	shay	shay	PROPN
ftr-323	159	8	,	,	PUNCT
ftr-323	159	9	worse	bad	ADJ
ftr-323	159	10	than	than	ADP
ftr-323	159	11	exemption	exemption	NOUN
ftr-323	159	12	,	,	PUNCT
ftr-323	159	13	supra	supra	PROPN
ftr-323	159	14	note	note	NOUN
ftr-323	159	15	4	4	NUM
ftr-323	159	16	.	.	NOUN
ftr-323	159	17	23	23	NUM
ftr-323	159	18	.	.	PUNCT
ftr-323	160	1	see	see	VERB
ftr-323	160	2	,	,	PUNCT
ftr-323	160	3	e.g.	e.g.	ADV
ftr-323	160	4	,	,	PUNCT
ftr-323	160	5	business	business	NOUN
ftr-323	160	6	leaders	leader	NOUN
ftr-323	160	7	in	in	ADP
ftr-323	160	8	support	support	NOUN
ftr-323	160	9	of	of	ADP
ftr-323	160	10	a	a	DET
ftr-323	160	11	territorial	territorial	ADJ
ftr-323	160	12	tax	tax	NOUN
ftr-323	160	13	system	system	NOUN
ftr-323	160	14	,	,	PUNCT
ftr-323	160	15	h.	h.	PROPN
ftr-323	160	16	comm	comm	NOUN
ftr-323	160	17	.	.	PUNCT
ftr-323	161	1	on	on	ADP
ftr-323	161	2	ways	way	NOUN
ftr-323	161	3	&	&	CCONJ
ftr-323	161	4	means	mean	NOUN
ftr-323	161	5	,	,	PUNCT
ftr-323	161	6	waysandmeans.house.gov/uploadedfiles/	waysandmeans.house.gov/uploadedfiles/	PROPN
ftr-323	161	7	intl_quotes.pdf	intl_quotes.pdf	NOUN
ftr-323	161	8	;	;	PUNCT
ftr-323	161	9	pamela	pamela	PROPN
ftr-323	161	10	f.	f.	PROPN
ftr-323	161	11	olson	olson	PROPN
ftr-323	161	12	,	,	PUNCT
ftr-323	161	13	peter	peter	PROPN
ftr-323	161	14	merrill	merrill	PROPN
ftr-323	161	15	,	,	PUNCT
ftr-323	161	16	michael	michael	PROPN
ftr-323	161	17	mundaca	mundaca	PROPN
ftr-323	161	18	,	,	PUNCT
ftr-323	161	19	michael	michael	PROPN
ftr-323	161	20	reilly	reilly	PROPN
ftr-323	161	21	&	&	CCONJ
ftr-323	161	22	jaime	jaime	PROPN
ftr-323	161	23	spellings	spelling	NOUN
ftr-323	161	24	,	,	PUNCT
ftr-323	161	25	session	session	NOUN
ftr-323	161	26	6	6	NUM
ftr-323	161	27	.	.	PUNCT
ftr-323	162	1	staking	stake	VERB
ftr-323	162	2	new	new	ADJ
ftr-323	162	3	ground	ground	NOUN
ftr-323	162	4	:	:	PUNCT
ftr-323	162	5	exploring	explore	VERB
ftr-323	162	6	a	a	DET
ftr-323	162	7	potential	potential	ADJ
ftr-323	162	8	territorial	territorial	ADJ
ftr-323	162	9	system	system	NOUN
ftr-323	162	10	of	of	ADP
ftr-323	162	11	taxation	taxation	NOUN
ftr-323	162	12	,	,	PUNCT
ftr-323	162	13	90	90	NUM
ftr-323	162	14	taxes	taxis	NOUN
ftr-323	162	15	55	55	NUM
ftr-323	162	16	,	,	PUNCT
ftr-323	162	17	65	65	NUM
ftr-323	162	18	-	-	SYM
ftr-323	162	19	66	66	NUM
ftr-323	162	20	(	(	PUNCT
ftr-323	162	21	june	june	PROPN
ftr-323	162	22	2012	2012	NUM
ftr-323	162	23	)	)	PUNCT
ftr-323	163	1	[	[	X
ftr-323	163	2	hereinafter	hereinafter	NOUN
ftr-323	163	3	olson	olson	NOUN
ftr-323	163	4	,	,	PUNCT
ftr-323	163	5	merrill	merrill	PROPN
ftr-323	163	6	,	,	PUNCT
ftr-323	163	7	mundaca	mundaca	PROPN
ftr-323	163	8	,	,	PUNCT
ftr-323	163	9	reilly	reilly	PROPN
ftr-323	163	10	&	&	CCONJ
ftr-323	163	11	spellings	spelling	NOUN
ftr-323	163	12	,	,	PUNCT
ftr-323	163	13	new	new	ADJ
ftr-323	163	14	ground	ground	NOUN
ftr-323	163	15	]	]	PUNCT
ftr-323	163	16	;	;	PUNCT
ftr-323	163	17	randall	randall	PROPN
ftr-323	163	18	jackson	jackson	PROPN
ftr-323	163	19	,	,	PUNCT
ftr-323	163	20	international	international	ADJ
ftr-323	163	21	proposals	proposal	NOUN
ftr-323	163	22	a	a	DET
ftr-323	163	23	threat	threat	NOUN
ftr-323	163	24	to	to	ADP
ftr-323	163	25	competitiveness	competitiveness	NOUN
ftr-323	163	26	,	,	PUNCT
ftr-323	163	27	panelists	panelist	NOUN
ftr-323	163	28	say	say	VERB
ftr-323	163	29	,	,	PUNCT
ftr-323	163	30	126	126	NUM
ftr-323	163	31	tax	tax	NOUN
ftr-323	163	32	notes	note	NOUN
ftr-323	163	33	1045	1045	NUM
ftr-323	163	34	(	(	PUNCT
ftr-323	163	35	mar	mar	PROPN
ftr-323	163	36	.	.	PROPN
ftr-323	163	37	1	1	NUM
ftr-323	163	38	,	,	PUNCT
ftr-323	163	39	2010	2010	NUM
ftr-323	163	40	)	)	PUNCT
ftr-323	163	41	;	;	PUNCT
ftr-323	163	42	business	business	NOUN
ftr-323	163	43	roundtable	roundtable	NOUN
ftr-323	163	44	,	,	PUNCT
ftr-323	163	45	policy	policy	NOUN
ftr-323	163	46	burdens	burden	NOUN
ftr-323	163	47	,	,	PUNCT
ftr-323	163	48	supra	supra	PROPN
ftr-323	163	49	note	note	NOUN
ftr-323	163	50	19	19	NUM
ftr-323	163	51	,	,	PUNCT
ftr-323	163	52	at	at	ADP
ftr-323	163	53	17	17	NUM
ftr-323	163	54	.	.	PUNCT
ftr-323	164	1	24	24	NUM
ftr-323	164	2	.	.	PUNCT
ftr-323	165	1	see	see	VERB
ftr-323	165	2	,	,	PUNCT
ftr-323	165	3	e.g.	e.g.	ADV
ftr-323	165	4	,	,	PUNCT
ftr-323	165	5	john	john	PROPN
ftr-323	165	6	m.	m.	PROPN
ftr-323	165	7	samuels	samuels	PROPN
ftr-323	165	8	,	,	PUNCT
ftr-323	165	9	american	american	ADJ
ftr-323	165	10	tax	tax	NOUN
ftr-323	165	11	isolationism	isolationism	NOUN
ftr-323	165	12	,	,	PUNCT
ftr-323	165	13	123	123	NUM
ftr-323	165	14	tax	tax	NOUN
ftr-323	165	15	notes	note	NOUN
ftr-323	165	16	1593	1593	NUM
ftr-323	165	17	(	(	PUNCT
ftr-323	165	18	june	june	PROPN
ftr-323	165	19	29	29	NUM
ftr-323	165	20	,	,	PUNCT
ftr-323	165	21	2009	2009	NUM
ftr-323	165	22	)	)	PUNCT
ftr-323	166	1	[	[	X
ftr-323	166	2	hereinafter	hereinafter	NOUN
ftr-323	166	3	samuels	samuel	NOUN
ftr-323	166	4	,	,	PUNCT
ftr-323	166	5	american	american	ADJ
ftr-323	166	6	tax	tax	NOUN
ftr-323	166	7	isolationism	isolationism	NOUN
ftr-323	166	8	]	]	PUNCT
ftr-323	166	9	(	(	PUNCT
ftr-323	166	10	vice	vice	NOUN
ftr-323	166	11	president	president	NOUN
ftr-323	166	12	and	and	CCONJ
ftr-323	166	13	senior	senior	ADJ
ftr-323	166	14	tax	tax	NOUN
ftr-323	166	15	counsel	counsel	NOUN
ftr-323	166	16	of	of	ADP
ftr-323	166	17	general	general	PROPN
ftr-323	166	18	electric	electric	ADJ
ftr-323	166	19	company	company	PROPN
ftr-323	166	20	arguing	argue	VERB
ftr-323	166	21	that	that	SCONJ
ftr-323	166	22	domestic	domestic	ADJ
ftr-323	166	23	expenses	expense	NOUN
ftr-323	166	24	allocable	allocable	ADJ
ftr-323	166	25	to	to	ADP
ftr-323	166	26	deferred	defer	VERB
ftr-323	166	27	foreign	foreign	ADJ
ftr-323	166	28	income	income	NOUN
ftr-323	166	29	should	should	AUX
ftr-323	166	30	be	be	AUX
ftr-323	166	31	currently	currently	ADV
ftr-323	166	32	deductible	deductible	ADJ
ftr-323	166	33	against	against	ADP
ftr-323	166	34	u.s.-source	u.s.-source	ADJ
ftr-323	166	35	income	income	NOUN
ftr-323	166	36	even	even	ADV
ftr-323	166	37	though	though	SCONJ
ftr-323	166	38	this	this	PRON
ftr-323	166	39	magnifies	magnify	VERB
ftr-323	166	40	the	the	DET
ftr-323	166	41	distortive	distortive	ADJ
ftr-323	166	42	benefit	benefit	NOUN
ftr-323	166	43	of	of	ADP
ftr-323	166	44	deferral	deferral	NOUN
ftr-323	166	45	)	)	PUNCT
ftr-323	166	46	.	.	PUNCT
ftr-323	166	47	406	406	NUM
ftr-323	166	48	florida	florida	PROPN
ftr-323	166	49	tax	tax	NOUN
ftr-323	166	50	review	review	NOUN
ftr-323	166	51	[	[	X
ftr-323	166	52	vol	vol	NOUN
ftr-323	166	53	.	.	PUNCT
ftr-323	167	1	13:8	13:8	NUM
ftr-323	167	2	this	this	DET
ftr-323	167	3	standard	standard	NOUN
ftr-323	167	4	is	be	AUX
ftr-323	167	5	particularly	particularly	ADV
ftr-323	167	6	important	important	ADJ
ftr-323	167	7	in	in	ADP
ftr-323	167	8	the	the	DET
ftr-323	167	9	context	context	NOUN
ftr-323	167	10	of	of	ADP
ftr-323	167	11	the	the	DET
ftr-323	167	12	current	current	ADJ
ftr-323	167	13	u.s	u.s	PROPN
ftr-323	167	14	.	.	PROPN
ftr-323	167	15	revenue	revenue	NOUN
ftr-323	167	16	situation	situation	NOUN
ftr-323	167	17	,	,	PUNCT
ftr-323	167	18	which	which	PRON
ftr-323	167	19	we	we	PRON
ftr-323	167	20	shall	shall	AUX
ftr-323	167	21	briefly	briefly	ADV
ftr-323	167	22	describe	describe	VERB
ftr-323	167	23	in	in	ADP
ftr-323	167	24	the	the	DET
ftr-323	167	25	next	next	ADJ
ftr-323	167	26	section	section	NOUN
ftr-323	167	27	.	.	PUNCT
ftr-323	168	1	v.	v.	ADP
ftr-323	168	2	going	go	VERB
ftr-323	168	3	territorial	territorial	ADJ
ftr-323	168	4	in	in	ADP
ftr-323	168	5	the	the	DET
ftr-323	168	6	midst	midst	NOUN
ftr-323	168	7	of	of	ADP
ftr-323	168	8	a	a	DET
ftr-323	168	9	current	current	ADJ
ftr-323	168	10	and	and	CCONJ
ftr-323	168	11	long	long	ADV
ftr-323	168	12	-	-	PUNCT
ftr-323	168	13	run	run	VERB
ftr-323	168	14	fiscal	fiscal	ADJ
ftr-323	168	15	crisis	crisis	NOUN
ftr-323	168	16	a.	a.	NOUN
ftr-323	168	17	dimensions	dimension	NOUN
ftr-323	168	18	of	of	ADP
ftr-323	168	19	the	the	DET
ftr-323	168	20	crisis	crisis	NOUN
ftr-323	168	21	the	the	DET
ftr-323	168	22	u.s	u.s	PROPN
ftr-323	168	23	.	.	PROPN
ftr-323	168	24	government	government	NOUN
ftr-323	168	25	is	be	AUX
ftr-323	168	26	experiencing	experience	VERB
ftr-323	168	27	a	a	DET
ftr-323	168	28	well	well	ADV
ftr-323	168	29	-	-	PUNCT
ftr-323	168	30	recognized	recognize	VERB
ftr-323	168	31	fiscal	fiscal	ADJ
ftr-323	168	32	crisis	crisis	NOUN
ftr-323	168	33	.	.	PUNCT
ftr-323	169	1	this	this	DET
ftr-323	169	2	crisis	crisis	NOUN
ftr-323	169	3	results	result	VERB
ftr-323	169	4	from	from	ADP
ftr-323	169	5	a	a	DET
ftr-323	169	6	projected	project	VERB
ftr-323	169	7	deficit	deficit	NOUN
ftr-323	169	8	spending	spending	NOUN
ftr-323	169	9	path	path	NOUN
ftr-323	169	10	that	that	PRON
ftr-323	169	11	will	will	AUX
ftr-323	169	12	cause	cause	VERB
ftr-323	169	13	the	the	DET
ftr-323	169	14	aggregate	aggregate	ADJ
ftr-323	169	15	federal	federal	ADJ
ftr-323	169	16	debt	debt	NOUN
ftr-323	169	17	to	to	PART
ftr-323	169	18	increase	increase	VERB
ftr-323	169	19	as	as	ADP
ftr-323	169	20	a	a	DET
ftr-323	169	21	percentage	percentage	NOUN
ftr-323	169	22	of	of	ADP
ftr-323	169	23	gross	gross	ADJ
ftr-323	169	24	domestic	domestic	ADJ
ftr-323	169	25	product	product	NOUN
ftr-323	169	26	(	(	PUNCT
ftr-323	169	27	gdp	gdp	NOUN
ftr-323	169	28	)	)	PUNCT
ftr-323	169	29	and	and	CCONJ
ftr-323	169	30	,	,	PUNCT
ftr-323	169	31	potentially	potentially	ADV
ftr-323	169	32	,	,	PUNCT
ftr-323	169	33	to	to	PART
ftr-323	169	34	eventually	eventually	ADV
ftr-323	169	35	exceed	exceed	VERB
ftr-323	169	36	annual	annual	ADJ
ftr-323	169	37	gdp	gdp	NOUN
ftr-323	169	38	.	.	PUNCT
ftr-323	170	1	since	since	SCONJ
ftr-323	170	2	a	a	DET
ftr-323	170	3	great	great	ADJ
ftr-323	170	4	deal	deal	NOUN
ftr-323	170	5	has	have	AUX
ftr-323	170	6	already	already	ADV
ftr-323	170	7	been	be	AUX
ftr-323	170	8	written	write	VERB
ftr-323	170	9	about	about	ADP
ftr-323	170	10	the	the	DET
ftr-323	170	11	trajectory	trajectory	NOUN
ftr-323	170	12	of	of	ADP
ftr-323	170	13	the	the	DET
ftr-323	170	14	u.s	u.s	PROPN
ftr-323	170	15	.	.	PROPN
ftr-323	170	16	federal	federal	ADJ
ftr-323	170	17	budget	budget	NOUN
ftr-323	170	18	and	and	CCONJ
ftr-323	170	19	indebtedness,25	indebtedness,25	VERB
ftr-323	170	20	we	we	PRON
ftr-323	170	21	limit	limit	VERB
ftr-323	170	22	ourselves	ourselves	PRON
ftr-323	170	23	to	to	ADP
ftr-323	170	24	two	two	NUM
ftr-323	170	25	data	datum	NOUN
ftr-323	170	26	points	point	NOUN
ftr-323	170	27	in	in	ADP
ftr-323	170	28	support	support	NOUN
ftr-323	170	29	of	of	ADP
ftr-323	170	30	our	our	PRON
ftr-323	170	31	contention	contention	NOUN
ftr-323	170	32	that	that	SCONJ
ftr-323	170	33	although	although	SCONJ
ftr-323	170	34	the	the	DET
ftr-323	170	35	united	united	PROPN
ftr-323	170	36	states	states	PROPN
ftr-323	170	37	should	should	AUX
ftr-323	170	38	never	never	ADV
ftr-323	170	39	adopt	adopt	VERB
ftr-323	170	40	a	a	DET
ftr-323	170	41	territorial	territorial	ADJ
ftr-323	170	42	system	system	NOUN
ftr-323	170	43	with	with	ADP
ftr-323	170	44	wasteful	wasteful	ADJ
ftr-323	170	45	features	feature	NOUN
ftr-323	170	46	,	,	PUNCT
ftr-323	170	47	unwarranted	unwarranted	ADJ
ftr-323	170	48	revenue	revenue	NOUN
ftr-323	170	49	loss	loss	NOUN
ftr-323	170	50	is	be	AUX
ftr-323	170	51	particularly	particularly	ADV
ftr-323	170	52	objectionable	objectionable	ADJ
ftr-323	170	53	in	in	ADP
ftr-323	170	54	the	the	DET
ftr-323	170	55	context	context	NOUN
ftr-323	170	56	of	of	ADP
ftr-323	170	57	the	the	DET
ftr-323	170	58	current	current	ADJ
ftr-323	170	59	u.s	u.s	PROPN
ftr-323	170	60	.	.	PROPN
ftr-323	170	61	fiscal	fiscal	ADJ
ftr-323	170	62	predicament	predicament	NOUN
ftr-323	170	63	.	.	PUNCT
ftr-323	171	1	with	with	ADP
ftr-323	171	2	respect	respect	NOUN
ftr-323	171	3	to	to	ADP
ftr-323	171	4	this	this	DET
ftr-323	171	5	predicament	predicament	NOUN
ftr-323	171	6	,	,	PUNCT
ftr-323	171	7	the	the	DET
ftr-323	171	8	non	non	ADJ
ftr-323	171	9	-	-	ADJ
ftr-323	171	10	partisan	partisan	ADJ
ftr-323	171	11	congressional	congressional	ADJ
ftr-323	171	12	budget	budget	NOUN
ftr-323	171	13	office	office	NOUN
ftr-323	171	14	(	(	PUNCT
ftr-323	171	15	cbo	cbo	PROPN
ftr-323	171	16	)	)	PUNCT
ftr-323	171	17	has	have	AUX
ftr-323	171	18	recently	recently	ADV
ftr-323	171	19	concluded	conclude	VERB
ftr-323	171	20	that	that	SCONJ
ftr-323	171	21	if	if	SCONJ
ftr-323	171	22	congress	congress	PROPN
ftr-323	171	23	’s	’	VERB
ftr-323	171	24	taxing	tax	VERB
ftr-323	171	25	and	and	CCONJ
ftr-323	171	26	spending	spending	NOUN
ftr-323	171	27	behavior	behavior	NOUN
ftr-323	171	28	continues	continue	VERB
ftr-323	171	29	to	to	PART
ftr-323	171	30	follow	follow	VERB
ftr-323	171	31	historical	historical	ADJ
ftr-323	171	32	patterns	pattern	NOUN
ftr-323	171	33	and	and	CCONJ
ftr-323	171	34	policies	policy	NOUN
ftr-323	171	35	of	of	ADP
ftr-323	171	36	the	the	DET
ftr-323	171	37	past	past	ADJ
ftr-323	171	38	decade	decade	NOUN
ftr-323	171	39	,	,	PUNCT
ftr-323	171	40	the	the	DET
ftr-323	171	41	resulting	result	VERB
ftr-323	171	42	budget	budget	NOUN
ftr-323	171	43	deficits	deficit	NOUN
ftr-323	171	44	will	will	AUX
ftr-323	171	45	cause	cause	VERB
ftr-323	171	46	publicly	publicly	ADV
ftr-323	171	47	held	hold	VERB
ftr-323	171	48	federal	federal	ADJ
ftr-323	171	49	debt	debt	NOUN
ftr-323	171	50	to	to	PART
ftr-323	171	51	be	be	AUX
ftr-323	171	52	more	more	ADJ
ftr-323	171	53	than	than	ADP
ftr-323	171	54	90	90	NUM
ftr-323	171	55	percent	percent	NOUN
ftr-323	171	56	of	of	ADP
ftr-323	171	57	gdp	gdp	NOUN
ftr-323	171	58	in	in	ADP
ftr-323	171	59	2022	2022	NUM
ftr-323	171	60	and	and	CCONJ
ftr-323	171	61	almost	almost	ADV
ftr-323	171	62	200	200	NUM
ftr-323	171	63	percent	percent	NOUN
ftr-323	171	64	of	of	ADP
ftr-323	171	65	gdp	gdp	NOUN
ftr-323	171	66	by	by	ADP
ftr-323	171	67	2037,26	2037,26	NUM
ftr-323	171	68	a	a	DET
ftr-323	171	69	debt	debt	NOUN
ftr-323	171	70	level	level	NOUN
ftr-323	171	71	that	that	PRON
ftr-323	171	72	the	the	DET
ftr-323	171	73	cbo	cbo	PROPN
ftr-323	171	74	characterizes	characterize	VERB
ftr-323	171	75	as	as	ADP
ftr-323	171	76	“	"	PUNCT
ftr-323	171	77	unsustainable	unsustainable	ADJ
ftr-323	171	78	.	.	PUNCT
ftr-323	172	1	”27	”27	PROPN
ftr-323	173	1	25	25	NUM
ftr-323	173	2	.	.	PUNCT
ftr-323	174	1	see	see	VERB
ftr-323	174	2	,	,	PUNCT
ftr-323	174	3	e.g.	e.g.	ADV
ftr-323	174	4	,	,	PUNCT
ftr-323	174	5	cong	cong	NOUN
ftr-323	174	6	.	.	PUNCT
ftr-323	175	1	budget	budget	NOUN
ftr-323	175	2	office	office	PROPN
ftr-323	175	3	,	,	PUNCT
ftr-323	175	4	the	the	DET
ftr-323	175	5	2012	2012	NUM
ftr-323	175	6	long	long	ADJ
ftr-323	175	7	-	-	PUNCT
ftr-323	175	8	term	term	NOUN
ftr-323	175	9	budget	budget	NOUN
ftr-323	175	10	outlook	outlook	NOUN
ftr-323	175	11	(	(	PUNCT
ftr-323	175	12	june	june	PROPN
ftr-323	175	13	2012	2012	NUM
ftr-323	175	14	)	)	PUNCT
ftr-323	176	1	[	[	X
ftr-323	176	2	hereinafter	hereinafter	NOUN
ftr-323	176	3	cbo	cbo	PROPN
ftr-323	176	4	2012	2012	NUM
ftr-323	176	5	budget	budget	NOUN
ftr-323	176	6	outlook	outlook	NOUN
ftr-323	176	7	]	]	PUNCT
ftr-323	176	8	;	;	PUNCT
ftr-323	176	9	deficit	deficit	NOUN
ftr-323	176	10	commission	commission	NOUN
ftr-323	176	11	,	,	PUNCT
ftr-323	176	12	moment	moment	NOUN
ftr-323	176	13	of	of	ADP
ftr-323	176	14	truth	truth	NOUN
ftr-323	176	15	,	,	PUNCT
ftr-323	176	16	supra	supra	PROPN
ftr-323	176	17	note	note	NOUN
ftr-323	176	18	1	1	NUM
ftr-323	176	19	,	,	PUNCT
ftr-323	176	20	at	at	ADP
ftr-323	176	21	10–11	10–11	NUM
ftr-323	176	22	;	;	PUNCT
ftr-323	176	23	alan	alan	PROPN
ftr-323	176	24	j.	j.	PROPN
ftr-323	176	25	auerbach	auerbach	PROPN
ftr-323	176	26	&	&	CCONJ
ftr-323	176	27	william	william	PROPN
ftr-323	176	28	g.	g.	PROPN
ftr-323	176	29	gale	gale	PROPN
ftr-323	176	30	,	,	PUNCT
ftr-323	176	31	déjà	déjà	VERB
ftr-323	176	32	vu	vu	X
ftr-323	176	33	all	all	ADV
ftr-323	176	34	over	over	ADV
ftr-323	176	35	again	again	ADV
ftr-323	176	36	:	:	PUNCT
ftr-323	176	37	on	on	ADP
ftr-323	176	38	the	the	DET
ftr-323	176	39	dismal	dismal	ADJ
ftr-323	176	40	prospects	prospect	NOUN
ftr-323	176	41	for	for	ADP
ftr-323	176	42	the	the	DET
ftr-323	176	43	federal	federal	ADJ
ftr-323	176	44	budget	budget	NOUN
ftr-323	176	45	,	,	PUNCT
ftr-323	176	46	63	63	NUM
ftr-323	176	47	nat’l	nat’l	NOUN
ftr-323	176	48	tax	tax	NOUN
ftr-323	176	49	j.	j.	PROPN
ftr-323	176	50	543	543	NUM
ftr-323	176	51	(	(	PUNCT
ftr-323	176	52	2010	2010	NUM
ftr-323	176	53	)	)	PUNCT
ftr-323	177	1	[	[	X
ftr-323	177	2	hereinafter	hereinafter	NOUN
ftr-323	177	3	auerbach	auerbach	PROPN
ftr-323	177	4	&	&	CCONJ
ftr-323	177	5	gale	gale	PROPN
ftr-323	177	6	,	,	PUNCT
ftr-323	177	7	déjà	déjà	NOUN
ftr-323	177	8	vu	vu	PROPN
ftr-323	177	9	]	]	PUNCT
ftr-323	177	10	;	;	PUNCT
ftr-323	177	11	alan	alan	PROPN
ftr-323	177	12	j.	j.	PROPN
ftr-323	177	13	auerbach	auerbach	PROPN
ftr-323	177	14	&	&	CCONJ
ftr-323	177	15	william	william	PROPN
ftr-323	177	16	g.	g.	PROPN
ftr-323	177	17	gale	gale	PROPN
ftr-323	177	18	,	,	PUNCT
ftr-323	177	19	the	the	DET
ftr-323	177	20	federal	federal	ADJ
ftr-323	177	21	budget	budget	NOUN
ftr-323	177	22	outlook	outlook	NOUN
ftr-323	177	23	:	:	PUNCT
ftr-323	177	24	no	no	DET
ftr-323	177	25	news	news	NOUN
ftr-323	177	26	is	be	AUX
ftr-323	177	27	bad	bad	ADJ
ftr-323	177	28	news	news	NOUN
ftr-323	177	29	,	,	PUNCT
ftr-323	177	30	136	136	NUM
ftr-323	177	31	tax	tax	NOUN
ftr-323	177	32	notes	note	NOUN
ftr-323	177	33	1597	1597	NUM
ftr-323	177	34	(	(	PUNCT
ftr-323	177	35	sept	sept	PROPN
ftr-323	177	36	.	.	PROPN
ftr-323	177	37	24	24	NUM
ftr-323	177	38	,	,	PUNCT
ftr-323	177	39	2012	2012	NUM
ftr-323	177	40	)	)	PUNCT
ftr-323	177	41	;	;	PUNCT
ftr-323	177	42	edward	edward	PROPN
ftr-323	177	43	d.	d.	PROPN
ftr-323	177	44	kleinbard	kleinbard	PROPN
ftr-323	177	45	,	,	PUNCT
ftr-323	177	46	the	the	DET
ftr-323	177	47	role	role	NOUN
ftr-323	177	48	of	of	ADP
ftr-323	177	49	tax	tax	NOUN
ftr-323	177	50	reform	reform	NOUN
ftr-323	177	51	in	in	ADP
ftr-323	177	52	deficit	deficit	NOUN
ftr-323	177	53	reduction	reduction	NOUN
ftr-323	177	54	,	,	PUNCT
ftr-323	177	55	133	133	NUM
ftr-323	177	56	tax	tax	NOUN
ftr-323	177	57	notes	note	NOUN
ftr-323	177	58	1105	1105	NUM
ftr-323	177	59	(	(	PUNCT
ftr-323	177	60	nov	nov	PROPN
ftr-323	177	61	.	.	PROPN
ftr-323	177	62	28	28	NUM
ftr-323	177	63	,	,	PUNCT
ftr-323	177	64	2011	2011	NUM
ftr-323	177	65	)	)	PUNCT
ftr-323	178	1	[	[	X
ftr-323	178	2	hereinafter	hereinafter	NOUN
ftr-323	178	3	kleinbard	kleinbard	NOUN
ftr-323	178	4	,	,	PUNCT
ftr-323	178	5	deficit	deficit	NOUN
ftr-323	178	6	reduction	reduction	NOUN
ftr-323	178	7	]	]	PUNCT
ftr-323	178	8	;	;	PUNCT
ftr-323	178	9	stephen	stephen	PROPN
ftr-323	178	10	e.	e.	PROPN
ftr-323	178	11	shay	shay	PROPN
ftr-323	178	12	,	,	PUNCT
ftr-323	178	13	daunting	daunt	VERB
ftr-323	178	14	fiscal	fiscal	ADJ
ftr-323	178	15	and	and	CCONJ
ftr-323	178	16	political	political	ADJ
ftr-323	178	17	challenges	challenge	NOUN
ftr-323	178	18	for	for	ADP
ftr-323	178	19	u.s	u.s	PROPN
ftr-323	178	20	.	.	PROPN
ftr-323	178	21	international	international	ADJ
ftr-323	178	22	tax	tax	NOUN
ftr-323	178	23	reform	reform	NOUN
ftr-323	178	24	,	,	PUNCT
ftr-323	178	25	bull	bull	NOUN
ftr-323	178	26	.	.	PUNCT
ftr-323	179	1	for	for	ADP
ftr-323	179	2	int’l	int’l	NUM
ftr-323	179	3	tax’n	tax’n	NUM
ftr-323	179	4	,	,	PUNCT
ftr-323	179	5	apr.–may	apr.–may	ADV
ftr-323	179	6	2012	2012	NUM
ftr-323	179	7	,	,	PUNCT
ftr-323	179	8	at	at	ADP
ftr-323	179	9	229	229	NUM
ftr-323	179	10	;	;	PUNCT
ftr-323	179	11	george	george	PROPN
ftr-323	179	12	k.	k.	PROPN
ftr-323	179	13	yin	yin	PROPN
ftr-323	179	14	,	,	PUNCT
ftr-323	179	15	bush	bush	PROPN
ftr-323	179	16	income	income	NOUN
ftr-323	179	17	tax	tax	NOUN
ftr-323	179	18	cuts	cut	NOUN
ftr-323	179	19	should	should	AUX
ftr-323	179	20	not	not	PART
ftr-323	179	21	be	be	AUX
ftr-323	179	22	extended	extend	VERB
ftr-323	179	23	,	,	PUNCT
ftr-323	179	24	123	123	NUM
ftr-323	179	25	tax	tax	NOUN
ftr-323	179	26	notes	note	NOUN
ftr-323	179	27	117	117	NUM
ftr-323	179	28	(	(	PUNCT
ftr-323	179	29	apr	apr	NOUN
ftr-323	179	30	.	.	PROPN
ftr-323	179	31	6	6	NUM
ftr-323	179	32	,	,	PUNCT
ftr-323	179	33	2009	2009	NUM
ftr-323	179	34	)	)	PUNCT
ftr-323	180	1	[	[	X
ftr-323	180	2	hereinafter	hereinafter	NOUN
ftr-323	180	3	yin	yin	PROPN
ftr-323	180	4	,	,	PUNCT
ftr-323	180	5	bush	bush	PROPN
ftr-323	180	6	tax	tax	NOUN
ftr-323	180	7	cuts	cut	NOUN
ftr-323	180	8	]	]	PUNCT
ftr-323	180	9	.	.	PUNCT
ftr-323	181	1	for	for	ADP
ftr-323	181	2	a	a	DET
ftr-323	181	3	leading	lead	VERB
ftr-323	181	4	commentator	commentator	NOUN
ftr-323	181	5	who	who	PRON
ftr-323	181	6	takes	take	VERB
ftr-323	181	7	a	a	DET
ftr-323	181	8	different	different	ADJ
ftr-323	181	9	view	view	NOUN
ftr-323	181	10	on	on	ADP
ftr-323	181	11	the	the	DET
ftr-323	181	12	issue	issue	NOUN
ftr-323	181	13	of	of	ADP
ftr-323	181	14	whether	whether	SCONJ
ftr-323	181	15	the	the	DET
ftr-323	181	16	united	united	PROPN
ftr-323	181	17	states	states	PROPN
ftr-323	181	18	is	be	AUX
ftr-323	181	19	in	in	ADP
ftr-323	181	20	a	a	DET
ftr-323	181	21	current	current	ADJ
ftr-323	181	22	fiscal	fiscal	ADJ
ftr-323	181	23	crisis	crisis	NOUN
ftr-323	181	24	and	and	CCONJ
ftr-323	181	25	argues	argue	VERB
ftr-323	181	26	that	that	SCONJ
ftr-323	181	27	the	the	DET
ftr-323	181	28	current	current	ADJ
ftr-323	181	29	anti	anti	ADJ
ftr-323	181	30	-	-	ADJ
ftr-323	181	31	deficit	deficit	ADJ
ftr-323	181	32	discourse	discourse	NOUN
ftr-323	181	33	is	be	AUX
ftr-323	181	34	simplistic	simplistic	ADJ
ftr-323	181	35	and	and	CCONJ
ftr-323	181	36	misguided	misguided	ADJ
ftr-323	181	37	,	,	PUNCT
ftr-323	181	38	see	see	VERB
ftr-323	181	39	neil	neil	PROPN
ftr-323	181	40	h.	h.	PROPN
ftr-323	181	41	buchanan	buchanan	PROPN
ftr-323	181	42	,	,	PUNCT
ftr-323	181	43	good	good	ADJ
ftr-323	181	44	deficits	deficit	NOUN
ftr-323	181	45	:	:	PUNCT
ftr-323	181	46	protecting	protect	VERB
ftr-323	181	47	the	the	DET
ftr-323	181	48	public	public	ADJ
ftr-323	181	49	interest	interest	NOUN
ftr-323	181	50	from	from	ADP
ftr-323	181	51	deficit	deficit	NOUN
ftr-323	181	52	hysteria	hysteria	NOUN
ftr-323	181	53	,	,	PUNCT
ftr-323	181	54	31	31	NUM
ftr-323	181	55	va	va	NOUN
ftr-323	181	56	.	.	PUNCT
ftr-323	182	1	tax	tax	PROPN
ftr-323	182	2	.	.	PUNCT
ftr-323	183	1	rev	rev	PROPN
ftr-323	183	2	.	.	PROPN
ftr-323	183	3	75	75	NUM
ftr-323	183	4	(	(	PUNCT
ftr-323	183	5	2011	2011	NUM
ftr-323	183	6	)	)	PUNCT
ftr-323	184	1	[	[	X
ftr-323	184	2	hereinafter	hereinafter	NOUN
ftr-323	184	3	buchanan	buchanan	NOUN
ftr-323	184	4	,	,	PUNCT
ftr-323	184	5	good	good	ADJ
ftr-323	184	6	deficits	deficit	NOUN
ftr-323	184	7	]	]	PUNCT
ftr-323	184	8	.	.	PUNCT
ftr-323	185	1	26	26	NUM
ftr-323	185	2	.	.	PUNCT
ftr-323	186	1	see	see	VERB
ftr-323	186	2	cbo	cbo	PROPN
ftr-323	186	3	2012	2012	NUM
ftr-323	186	4	budget	budget	NOUN
ftr-323	186	5	outlook	outlook	NOUN
ftr-323	186	6	,	,	PUNCT
ftr-323	186	7	supra	supra	PROPN
ftr-323	186	8	note	note	PROPN
ftr-323	186	9	25	25	NUM
ftr-323	186	10	,	,	PUNCT
ftr-323	186	11	at	at	ADP
ftr-323	186	12	11	11	NUM
ftr-323	186	13	,	,	PUNCT
ftr-323	186	14	19	19	NUM
ftr-323	186	15	.	.	PUNCT
ftr-323	187	1	the	the	DET
ftr-323	187	2	assumption	assumption	NOUN
ftr-323	187	3	that	that	SCONJ
ftr-323	187	4	future	future	ADJ
ftr-323	187	5	taxing	tax	VERB
ftr-323	187	6	and	and	CCONJ
ftr-323	187	7	spending	spending	NOUN
ftr-323	187	8	policies	policy	NOUN
ftr-323	187	9	will	will	AUX
ftr-323	187	10	mimic	mimic	VERB
ftr-323	187	11	historical	historical	ADJ
ftr-323	187	12	patterns	pattern	NOUN
ftr-323	187	13	seems	seem	VERB
ftr-323	187	14	reasonable	reasonable	ADJ
ftr-323	187	15	.	.	PUNCT
ftr-323	188	1	see	see	VERB
ftr-323	188	2	alan	alan	PROPN
ftr-323	188	3	j.	j.	PROPN
ftr-323	188	4	auerbach	auerbach	PROPN
ftr-323	188	5	&	&	CCONJ
ftr-323	188	6	william	william	PROPN
ftr-323	188	7	g.	g.	PROPN
ftr-323	188	8	gale	gale	PROPN
ftr-323	188	9	,	,	PUNCT
ftr-323	188	10	tempting	tempt	VERB
ftr-323	188	11	fate	fate	NOUN
ftr-323	188	12	:	:	PUNCT
ftr-323	188	13	the	the	DET
ftr-323	188	14	federal	federal	ADJ
ftr-323	188	15	budget	budget	NOUN
ftr-323	188	16	outlook	outlook	NOUN
ftr-323	188	17	,	,	PUNCT
ftr-323	188	18	132	132	NUM
ftr-323	188	19	tax	tax	NOUN
ftr-323	188	20	notes	note	NOUN
ftr-323	188	21	375	375	NUM
ftr-323	188	22	,	,	PUNCT
ftr-323	188	23	376	376	NUM
ftr-323	188	24	(	(	PUNCT
ftr-323	188	25	july	july	PROPN
ftr-323	188	26	25	25	NUM
ftr-323	188	27	,	,	PUNCT
ftr-323	188	28	2011	2011	NUM
ftr-323	188	29	)	)	PUNCT
ftr-323	189	1	[	[	X
ftr-323	189	2	hereinafter	hereinafter	NOUN
ftr-323	189	3	gale	gale	NOUN
ftr-323	189	4	&	&	CCONJ
ftr-323	189	5	auerbach	auerbach	PROPN
ftr-323	189	6	,	,	PUNCT
ftr-323	189	7	tempting	tempting	ADJ
ftr-323	189	8	fate	fate	NOUN
ftr-323	189	9	]	]	PUNCT
ftr-323	189	10	(	(	PUNCT
ftr-323	189	11	“	"	PUNCT
ftr-323	189	12	a	a	DET
ftr-323	189	13	more	more	ADV
ftr-323	189	14	plausible	plausible	ADJ
ftr-323	189	15	way	way	NOUN
ftr-323	189	16	to	to	PART
ftr-323	189	17	project	project	VERB
ftr-323	189	18	future	future	ADJ
ftr-323	189	19	outcomes	outcome	NOUN
ftr-323	189	20	2012	2012	NUM
ftr-323	189	21	]	]	PUNCT
ftr-323	189	22	exemption	exemption	NOUN
ftr-323	189	23	when	when	SCONJ
ftr-323	189	24	the	the	DET
ftr-323	189	25	treasury	treasury	NOUN
ftr-323	189	26	is	be	AUX
ftr-323	189	27	empty	empty	ADJ
ftr-323	189	28	407	407	NUM
ftr-323	189	29	these	these	DET
ftr-323	189	30	projected	project	VERB
ftr-323	189	31	debt	debt	NOUN
ftr-323	189	32	levels	level	NOUN
ftr-323	189	33	are	be	AUX
ftr-323	189	34	truly	truly	ADV
ftr-323	189	35	extraordinary	extraordinary	ADJ
ftr-323	189	36	.	.	PUNCT
ftr-323	190	1	u.s	u.s	PROPN
ftr-323	190	2	.	.	PROPN
ftr-323	190	3	federal	federal	ADJ
ftr-323	190	4	indebtedness	indebtedness	NOUN
ftr-323	190	5	has	have	AUX
ftr-323	190	6	exceeded	exceed	VERB
ftr-323	190	7	70	70	NUM
ftr-323	190	8	percent	percent	NOUN
ftr-323	190	9	of	of	ADP
ftr-323	190	10	gdp	gdp	NOUN
ftr-323	190	11	during	during	ADP
ftr-323	190	12	only	only	ADV
ftr-323	190	13	one	one	NUM
ftr-323	190	14	other	other	ADJ
ftr-323	190	15	period	period	NOUN
ftr-323	190	16	,	,	PUNCT
ftr-323	190	17	the	the	DET
ftr-323	190	18	1943	1943	NUM
ftr-323	190	19	-	-	SYM
ftr-323	190	20	1951	1951	NUM
ftr-323	190	21	era	era	NOUN
ftr-323	190	22	when	when	SCONJ
ftr-323	190	23	the	the	DET
ftr-323	190	24	united	united	PROPN
ftr-323	190	25	states	states	PROPN
ftr-323	190	26	was	be	AUX
ftr-323	190	27	carrying	carry	VERB
ftr-323	190	28	the	the	DET
ftr-323	190	29	debt	debt	NOUN
ftr-323	190	30	load	load	NOUN
ftr-323	190	31	incurred	incur	VERB
ftr-323	190	32	to	to	PART
ftr-323	190	33	finance	finance	VERB
ftr-323	190	34	world	world	NOUN
ftr-323	190	35	war	war	PROPN
ftr-323	190	36	ii.28	ii.28	PROPN
ftr-323	190	37	thus	thus	ADV
ftr-323	190	38	,	,	PUNCT
ftr-323	190	39	the	the	DET
ftr-323	190	40	debt	debt	NOUN
ftr-323	190	41	levels	level	NOUN
ftr-323	190	42	anticipated	anticipate	VERB
ftr-323	190	43	by	by	ADP
ftr-323	190	44	the	the	DET
ftr-323	190	45	cbo	cbo	PROPN
ftr-323	190	46	are	be	AUX
ftr-323	190	47	unprecedented	unprecedented	ADJ
ftr-323	190	48	for	for	ADP
ftr-323	190	49	a	a	DET
ftr-323	190	50	time	time	NOUN
ftr-323	190	51	in	in	ADP
ftr-323	190	52	which	which	PRON
ftr-323	190	53	the	the	DET
ftr-323	190	54	united	united	PROPN
ftr-323	190	55	states	states	PROPN
ftr-323	190	56	is	be	AUX
ftr-323	190	57	not	not	PART
ftr-323	190	58	engaged	engage	VERB
ftr-323	190	59	in	in	ADP
ftr-323	190	60	total	total	ADJ
ftr-323	190	61	war	war	NOUN
ftr-323	190	62	.	.	PUNCT
ftr-323	191	1	in	in	ADP
ftr-323	191	2	addition	addition	NOUN
ftr-323	191	3	to	to	ADP
ftr-323	191	4	taking	take	VERB
ftr-323	191	5	the	the	DET
ftr-323	191	6	united	united	PROPN
ftr-323	191	7	states	states	PROPN
ftr-323	191	8	into	into	ADP
ftr-323	191	9	largely	largely	ADV
ftr-323	191	10	uncharted	uncharted	ADJ
ftr-323	191	11	territory	territory	NOUN
ftr-323	191	12	,	,	PUNCT
ftr-323	191	13	government	government	NOUN
ftr-323	191	14	debt	debt	NOUN
ftr-323	191	15	at	at	ADP
ftr-323	191	16	these	these	DET
ftr-323	191	17	levels	level	NOUN
ftr-323	191	18	of	of	ADP
ftr-323	191	19	gdp	gdp	NOUN
ftr-323	191	20	exposes	expose	VERB
ftr-323	191	21	the	the	DET
ftr-323	191	22	united	united	PROPN
ftr-323	191	23	states	states	PROPN
ftr-323	191	24	to	to	ADP
ftr-323	191	25	serious	serious	ADJ
ftr-323	191	26	risks	risk	NOUN
ftr-323	191	27	.	.	PUNCT
ftr-323	192	1	for	for	ADP
ftr-323	192	2	example	example	NOUN
ftr-323	192	3	,	,	PUNCT
ftr-323	192	4	high	high	ADJ
ftr-323	192	5	levels	level	NOUN
ftr-323	192	6	of	of	ADP
ftr-323	192	7	federal	federal	ADJ
ftr-323	192	8	debt	debt	NOUN
ftr-323	192	9	increase	increase	VERB
ftr-323	192	10	the	the	DET
ftr-323	192	11	likelihood	likelihood	NOUN
ftr-323	192	12	of	of	ADP
ftr-323	192	13	a	a	DET
ftr-323	192	14	u.s	u.s	PROPN
ftr-323	192	15	.	.	PROPN
ftr-323	192	16	fiscal	fiscal	ADJ
ftr-323	192	17	crisis	crisis	NOUN
ftr-323	192	18	in	in	ADP
ftr-323	192	19	which	which	PRON
ftr-323	192	20	investors	investor	NOUN
ftr-323	192	21	are	be	AUX
ftr-323	192	22	not	not	PART
ftr-323	192	23	willing	willing	ADJ
ftr-323	192	24	to	to	PART
ftr-323	192	25	buy	buy	VERB
ftr-323	192	26	u.s	u.s	PROPN
ftr-323	192	27	.	.	PROPN
ftr-323	192	28	government	government	NOUN
ftr-323	192	29	debt	debt	NOUN
ftr-323	192	30	unless	unless	SCONJ
ftr-323	192	31	it	it	PRON
ftr-323	192	32	carries	carry	VERB
ftr-323	192	33	a	a	DET
ftr-323	192	34	substantially	substantially	ADV
ftr-323	192	35	increased	increase	VERB
ftr-323	192	36	interest	interest	NOUN
ftr-323	192	37	rate.29	rate.29	NOUN
ftr-323	192	38	this	this	DET
ftr-323	192	39	added	add	VERB
ftr-323	192	40	expense	expense	NOUN
ftr-323	192	41	would	would	AUX
ftr-323	192	42	limit	limit	VERB
ftr-323	192	43	government	government	NOUN
ftr-323	192	44	spending	spending	NOUN
ftr-323	192	45	for	for	ADP
ftr-323	192	46	social	social	ADJ
ftr-323	192	47	welfare	welfare	NOUN
ftr-323	192	48	and	and	CCONJ
ftr-323	192	49	defense	defense	NOUN
ftr-323	192	50	and	and	CCONJ
ftr-323	192	51	would	would	AUX
ftr-323	192	52	cause	cause	VERB
ftr-323	192	53	the	the	DET
ftr-323	192	54	value	value	NOUN
ftr-323	192	55	of	of	ADP
ftr-323	192	56	existing	exist	VERB
ftr-323	192	57	u.s	u.s	PROPN
ftr-323	192	58	.	.	PROPN
ftr-323	192	59	debt	debt	NOUN
ftr-323	192	60	to	to	PART
ftr-323	192	61	fall	fall	VERB
ftr-323	192	62	,	,	PUNCT
ftr-323	192	63	resulting	result	VERB
ftr-323	192	64	in	in	ADP
ftr-323	192	65	large	large	ADJ
ftr-323	192	66	losses	loss	NOUN
ftr-323	192	67	to	to	ADP
ftr-323	192	68	pension	pension	NOUN
ftr-323	192	69	funds	fund	NOUN
ftr-323	192	70	,	,	PUNCT
ftr-323	192	71	mutual	mutual	ADJ
ftr-323	192	72	funds	fund	NOUN
ftr-323	192	73	,	,	PUNCT
ftr-323	192	74	and	and	CCONJ
ftr-323	192	75	other	other	ADJ
ftr-323	192	76	financial	financial	ADJ
ftr-323	192	77	institutions.30	institutions.30	NOUN
ftr-323	192	78	extraordinary	extraordinary	ADJ
ftr-323	192	79	debt	debt	NOUN
ftr-323	192	80	levels	level	NOUN
ftr-323	192	81	would	would	AUX
ftr-323	192	82	reduce	reduce	VERB
ftr-323	192	83	the	the	DET
ftr-323	192	84	government	government	NOUN
ftr-323	192	85	’s	’s	PART
ftr-323	192	86	ability	ability	NOUN
ftr-323	192	87	to	to	PART
ftr-323	192	88	respond	respond	VERB
ftr-323	192	89	to	to	ADP
ftr-323	192	90	recessions	recession	NOUN
ftr-323	192	91	and	and	CCONJ
ftr-323	192	92	international	international	ADJ
ftr-323	192	93	crises	crisis	NOUN
ftr-323	192	94	through	through	ADP
ftr-323	192	95	temporary	temporary	ADJ
ftr-323	192	96	deficit	deficit	NOUN
ftr-323	192	97	spending.31	spending.31	NOUN
ftr-323	192	98	most	most	ADV
ftr-323	192	99	importantly	importantly	ADV
ftr-323	192	100	,	,	PUNCT
ftr-323	192	101	high	high	ADJ
ftr-323	192	102	levels	level	NOUN
ftr-323	192	103	of	of	ADP
ftr-323	192	104	government	government	NOUN
ftr-323	192	105	debt	debt	NOUN
ftr-323	192	106	and	and	CCONJ
ftr-323	192	107	high	high	ADJ
ftr-323	192	108	interest	interest	NOUN
ftr-323	192	109	rates	rate	NOUN
ftr-323	192	110	would	would	AUX
ftr-323	192	111	crowd	crowd	VERB
ftr-323	192	112	out	out	ADP
ftr-323	192	113	private	private	ADJ
ftr-323	192	114	borrowing	borrowing	NOUN
ftr-323	192	115	,	,	PUNCT
ftr-323	192	116	slow	slow	ADJ
ftr-323	192	117	private	private	ADJ
ftr-323	192	118	investment	investment	NOUN
ftr-323	192	119	,	,	PUNCT
ftr-323	192	120	and	and	CCONJ
ftr-323	192	121	depress	depress	VERB
ftr-323	192	122	u.s	u.s	PROPN
ftr-323	192	123	.	.	PROPN
ftr-323	192	124	economic	economic	ADJ
ftr-323	192	125	growth	growth	NOUN
ftr-323	192	126	.	.	PUNCT
ftr-323	193	1	the	the	DET
ftr-323	193	2	u.s	u.s	PROPN
ftr-323	193	3	.	.	PROPN
ftr-323	193	4	fiscal	fiscal	ADJ
ftr-323	193	5	challenge	challenge	NOUN
ftr-323	193	6	is	be	AUX
ftr-323	193	7	not	not	PART
ftr-323	193	8	a	a	DET
ftr-323	193	9	new	new	ADJ
ftr-323	193	10	phenomenon	phenomenon	NOUN
ftr-323	193	11	,	,	PUNCT
ftr-323	193	12	but	but	CCONJ
ftr-323	193	13	it	it	PRON
ftr-323	193	14	has	have	VERB
ftr-323	193	15	particular	particular	ADJ
ftr-323	193	16	urgency	urgency	NOUN
ftr-323	193	17	at	at	ADP
ftr-323	193	18	the	the	DET
ftr-323	193	19	present	present	ADJ
ftr-323	193	20	time	time	NOUN
ftr-323	193	21	.	.	PUNCT
ftr-323	194	1	as	as	SCONJ
ftr-323	194	2	two	two	NUM
ftr-323	194	3	prominent	prominent	ADJ
ftr-323	194	4	public	public	ADJ
ftr-323	194	5	finance	finance	NOUN
ftr-323	194	6	economists	economist	NOUN
ftr-323	194	7	have	have	AUX
ftr-323	194	8	recently	recently	ADV
ftr-323	194	9	explained	explain	VERB
ftr-323	194	10	:	:	PUNCT
ftr-323	194	11	the	the	DET
ftr-323	194	12	unsustainability	unsustainability	NOUN
ftr-323	194	13	of	of	ADP
ftr-323	194	14	federal	federal	ADJ
ftr-323	194	15	fiscal	fiscal	ADJ
ftr-323	194	16	policy	policy	NOUN
ftr-323	194	17	has	have	AUX
ftr-323	194	18	been	be	AUX
ftr-323	194	19	discussed	discuss	VERB
ftr-323	194	20	since	since	SCONJ
ftr-323	194	21	at	at	ADP
ftr-323	194	22	the	the	DET
ftr-323	194	23	least	least	ADJ
ftr-323	194	24	the	the	DET
ftr-323	194	25	1980s	1980s	NUM
ftr-323	194	26	.	.	PUNCT
ftr-323	195	1	but	but	CCONJ
ftr-323	195	2	the	the	DET
ftr-323	195	3	problem	problem	NOUN
ftr-323	195	4	has	have	AUX
ftr-323	195	5	increased	increase	VERB
ftr-323	195	6	in	in	ADP
ftr-323	195	7	importance	importance	NOUN
ftr-323	195	8	and	and	CCONJ
ftr-323	195	9	urgency	urgency	NOUN
ftr-323	195	10	in	in	ADP
ftr-323	195	11	recent	recent	ADJ
ftr-323	195	12	years	year	NOUN
ftr-323	195	13	for	for	ADP
ftr-323	195	14	several	several	ADJ
ftr-323	195	15	reasons	reason	NOUN
ftr-323	195	16	.	.	PUNCT
ftr-323	196	1	first	first	ADV
ftr-323	196	2	,	,	PUNCT
ftr-323	196	3	the	the	DET
ftr-323	196	4	medium	medium	ADJ
ftr-323	196	5	-	-	PUNCT
ftr-323	196	6	term	term	NOUN
ftr-323	196	7	projections	projection	NOUN
ftr-323	196	8	have	have	AUX
ftr-323	196	9	deteriorated	deteriorate	VERB
ftr-323	196	10	significantly	significantly	ADV
ftr-323	196	11	.	.	PUNCT
ftr-323	197	1	second	second	ADV
ftr-323	197	2	,	,	PUNCT
ftr-323	197	3	the	the	DET
ftr-323	197	4	factors	factor	NOUN
ftr-323	197	5	driving	drive	VERB
ftr-323	197	6	the	the	DET
ftr-323	197	7	long	long	ADJ
ftr-323	197	8	-	-	PUNCT
ftr-323	197	9	term	term	NOUN
ftr-323	197	10	projections	projection	NOUN
ftr-323	197	11	—	—	PUNCT
ftr-323	197	12	the	the	DET
ftr-323	197	13	retirement	retirement	NOUN
ftr-323	197	14	of	of	ADP
ftr-323	197	15	the	the	DET
ftr-323	197	16	baby	baby	NOUN
ftr-323	197	17	boomers	boomer	NOUN
ftr-323	197	18	,	,	PUNCT
ftr-323	197	19	the	the	DET
ftr-323	197	20	aging	aging	NOUN
ftr-323	197	21	of	of	ADP
ftr-323	197	22	the	the	DET
ftr-323	197	23	population	population	NOUN
ftr-323	197	24	,	,	PUNCT
ftr-323	197	25	and	and	CCONJ
ftr-323	197	26	the	the	DET
ftr-323	197	27	resulting	result	VERB
ftr-323	197	28	pressure	pressure	NOUN
ftr-323	197	29	on	on	ADP
ftr-323	197	30	may	may	AUX
ftr-323	197	31	be	be	AUX
ftr-323	197	32	to	to	PART
ftr-323	197	33	assume	assume	VERB
ftr-323	197	34	that	that	SCONJ
ftr-323	197	35	future	future	ADJ
ftr-323	197	36	congresses	congress	NOUN
ftr-323	197	37	will	will	AUX
ftr-323	197	38	act	act	VERB
ftr-323	197	39	more	more	ADV
ftr-323	197	40	or	or	CCONJ
ftr-323	197	41	less	less	ADV
ftr-323	197	42	like	like	ADP
ftr-323	197	43	previous	previous	ADJ
ftr-323	197	44	congresses	congress	NOUN
ftr-323	197	45	.	.	PUNCT
ftr-323	197	46	”	"	PUNCT
ftr-323	197	47	)	)	PUNCT
ftr-323	197	48	.	.	PUNCT
ftr-323	198	1	currently	currently	ADV
ftr-323	198	2	effective	effective	ADJ
ftr-323	198	3	u.s	u.s	PROPN
ftr-323	198	4	.	.	PROPN
ftr-323	198	5	law	law	NOUN
ftr-323	198	6	provides	provide	VERB
ftr-323	198	7	for	for	ADP
ftr-323	198	8	automatic	automatic	ADJ
ftr-323	198	9	tax	tax	NOUN
ftr-323	198	10	increases	increase	NOUN
ftr-323	198	11	and	and	CCONJ
ftr-323	198	12	spending	spending	NOUN
ftr-323	198	13	cuts	cut	NOUN
ftr-323	198	14	in	in	ADP
ftr-323	198	15	2013	2013	NUM
ftr-323	198	16	that	that	PRON
ftr-323	198	17	would	would	AUX
ftr-323	198	18	have	have	VERB
ftr-323	198	19	a	a	DET
ftr-323	198	20	significant	significant	ADJ
ftr-323	198	21	restraining	restraining	NOUN
ftr-323	198	22	effect	effect	NOUN
ftr-323	198	23	on	on	ADP
ftr-323	198	24	the	the	DET
ftr-323	198	25	growth	growth	NOUN
ftr-323	198	26	of	of	ADP
ftr-323	198	27	federal	federal	ADJ
ftr-323	198	28	debt	debt	NOUN
ftr-323	198	29	.	.	PUNCT
ftr-323	199	1	however	however	ADV
ftr-323	199	2	,	,	PUNCT
ftr-323	199	3	the	the	DET
ftr-323	199	4	cbo	cbo	PROPN
ftr-323	199	5	anticipates	anticipate	VERB
ftr-323	199	6	that	that	SCONJ
ftr-323	199	7	these	these	DET
ftr-323	199	8	increases	increase	NOUN
ftr-323	199	9	and	and	CCONJ
ftr-323	199	10	cuts	cut	NOUN
ftr-323	199	11	would	would	AUX
ftr-323	199	12	cause	cause	VERB
ftr-323	199	13	a	a	DET
ftr-323	199	14	recession	recession	NOUN
ftr-323	199	15	and	and	CCONJ
ftr-323	199	16	believes	believe	VERB
ftr-323	199	17	that	that	SCONJ
ftr-323	199	18	“	"	PUNCT
ftr-323	199	19	[	[	X
ftr-323	199	20	f]uture	f]uture	INTJ
ftr-323	199	21	fiscal	fiscal	ADJ
ftr-323	199	22	policy	policy	NOUN
ftr-323	199	23	is	be	AUX
ftr-323	199	24	likely	likely	ADJ
ftr-323	199	25	to	to	PART
ftr-323	199	26	differ	differ	VERB
ftr-323	199	27	from	from	ADP
ftr-323	199	28	that	that	PRON
ftr-323	199	29	embodied	embody	VERB
ftr-323	199	30	in	in	ADP
ftr-323	199	31	current	current	ADJ
ftr-323	199	32	law	law	NOUN
ftr-323	199	33	.	.	PUNCT
ftr-323	199	34	”	"	PUNCT
ftr-323	200	1	cong	cong	PROPN
ftr-323	200	2	.	.	PUNCT
ftr-323	201	1	budget	budget	NOUN
ftr-323	201	2	office	office	PROPN
ftr-323	201	3	,	,	PUNCT
ftr-323	201	4	an	an	DET
ftr-323	201	5	update	update	NOUN
ftr-323	201	6	to	to	ADP
ftr-323	201	7	the	the	DET
ftr-323	201	8	budget	budget	NOUN
ftr-323	201	9	and	and	CCONJ
ftr-323	201	10	economic	economic	ADJ
ftr-323	201	11	outlook	outlook	NOUN
ftr-323	201	12	:	:	PUNCT
ftr-323	201	13	fiscal	fiscal	ADJ
ftr-323	201	14	years	year	NOUN
ftr-323	201	15	2012	2012	NUM
ftr-323	201	16	to	to	ADP
ftr-323	201	17	2022	2022	NUM
ftr-323	201	18	,	,	PUNCT
ftr-323	201	19	32	32	NUM
ftr-323	201	20	,	,	PUNCT
ftr-323	201	21	35	35	NUM
ftr-323	201	22	(	(	PUNCT
ftr-323	201	23	aug	aug	PROPN
ftr-323	201	24	.	.	PROPN
ftr-323	201	25	2012	2012	NUM
ftr-323	201	26	)	)	PUNCT
ftr-323	201	27	.	.	PUNCT
ftr-323	202	1	this	this	PRON
ftr-323	202	2	supports	support	VERB
ftr-323	202	3	the	the	DET
ftr-323	202	4	view	view	NOUN
ftr-323	202	5	that	that	SCONJ
ftr-323	202	6	the	the	DET
ftr-323	202	7	automatic	automatic	ADJ
ftr-323	202	8	spending	spending	NOUN
ftr-323	202	9	cuts	cut	NOUN
ftr-323	202	10	and	and	CCONJ
ftr-323	202	11	tax	tax	NOUN
ftr-323	202	12	increases	increase	NOUN
ftr-323	202	13	embedded	embed	VERB
ftr-323	202	14	in	in	ADP
ftr-323	202	15	current	current	ADJ
ftr-323	202	16	law	law	NOUN
ftr-323	202	17	are	be	AUX
ftr-323	202	18	unlikely	unlikely	ADJ
ftr-323	202	19	to	to	PART
ftr-323	202	20	become	become	VERB
ftr-323	202	21	effective	effective	ADJ
ftr-323	202	22	.	.	PUNCT
ftr-323	203	1	27	27	NUM
ftr-323	203	2	.	.	PUNCT
ftr-323	204	1	cbo	cbo	PROPN
ftr-323	204	2	2012	2012	NUM
ftr-323	204	3	budget	budget	NOUN
ftr-323	204	4	outlook	outlook	NOUN
ftr-323	204	5	,	,	PUNCT
ftr-323	204	6	supra	supra	PROPN
ftr-323	204	7	note	note	PROPN
ftr-323	204	8	25	25	NUM
ftr-323	204	9	,	,	PUNCT
ftr-323	204	10	at	at	ADP
ftr-323	204	11	5	5	NUM
ftr-323	204	12	.	.	SYM
ftr-323	204	13	28	28	NUM
ftr-323	204	14	.	.	PUNCT
ftr-323	205	1	see	see	VERB
ftr-323	205	2	i	i	PRON
ftr-323	205	3	d.	d.	PROPN
ftr-323	205	4	at	at	ADP
ftr-323	205	5	19	19	NUM
ftr-323	205	6	.	.	NOUN
ftr-323	205	7	29	29	NUM
ftr-323	205	8	.	.	PUNCT
ftr-323	206	1	see	see	VERB
ftr-323	206	2	i	i	PRON
ftr-323	206	3	d.	d.	PROPN
ftr-323	206	4	at	at	ADP
ftr-323	206	5	43–44	43–44	NUM
ftr-323	206	6	.	.	PUNCT
ftr-323	207	1	30	30	NUM
ftr-323	207	2	.	.	PUNCT
ftr-323	208	1	see	see	VERB
ftr-323	208	2	i	i	PRON
ftr-323	208	3	d.	d.	PROPN
ftr-323	208	4	at	at	ADP
ftr-323	208	5	44	44	NUM
ftr-323	208	6	.	.	PUNCT
ftr-323	209	1	31	31	NUM
ftr-323	209	2	.	.	PUNCT
ftr-323	210	1	see	see	VERB
ftr-323	210	2	i	i	PRON
ftr-323	210	3	d.	d.	PROPN
ftr-323	210	4	at	at	ADP
ftr-323	210	5	43	43	NUM
ftr-323	210	6	.	.	PUNCT
ftr-323	211	1	408	408	NUM
ftr-323	211	2	florida	florida	PROPN
ftr-323	211	3	tax	tax	NOUN
ftr-323	211	4	review	review	NOUN
ftr-323	212	1	[	[	X
ftr-323	212	2	vol	vol	NOUN
ftr-323	212	3	.	.	PUNCT
ftr-323	213	1	13:8	13:8	NUM
ftr-323	213	2	medicare	medicare	PROPN
ftr-323	213	3	and	and	CCONJ
ftr-323	213	4	to	to	ADP
ftr-323	213	5	some	some	DET
ftr-323	213	6	extent	extent	NOUN
ftr-323	213	7	social	social	ADJ
ftr-323	213	8	security	security	NOUN
ftr-323	213	9	—	—	PUNCT
ftr-323	213	10	were	be	AUX
ftr-323	213	11	several	several	ADJ
ftr-323	213	12	decades	decade	NOUN
ftr-323	213	13	away	away	ADV
ftr-323	213	14	in	in	ADP
ftr-323	213	15	the	the	DET
ftr-323	213	16	1980s	1980	NOUN
ftr-323	213	17	but	but	CCONJ
ftr-323	213	18	are	be	AUX
ftr-323	213	19	now	now	ADV
ftr-323	213	20	imminent	imminent	ADJ
ftr-323	213	21	.	.	PUNCT
ftr-323	214	1	third	third	ADV
ftr-323	214	2	,	,	PUNCT
ftr-323	214	3	there	there	PRON
ftr-323	214	4	are	be	VERB
ftr-323	214	5	increasing	increase	VERB
ftr-323	214	6	questions	question	NOUN
ftr-323	214	7	about	about	ADP
ftr-323	214	8	the	the	DET
ftr-323	214	9	rest	rest	NOUN
ftr-323	214	10	of	of	ADP
ftr-323	214	11	the	the	DET
ftr-323	214	12	world	world	NOUN
ftr-323	214	13	’s	’s	PART
ftr-323	214	14	appetite	appetite	NOUN
ftr-323	214	15	for	for	ADP
ftr-323	214	16	u.s	u.s	PROPN
ftr-323	214	17	.	.	PROPN
ftr-323	214	18	debt	debt	NOUN
ftr-323	214	19	,	,	PUNCT
ftr-323	214	20	since	since	SCONJ
ftr-323	214	21	the	the	DET
ftr-323	214	22	united	united	PROPN
ftr-323	214	23	states	states	PROPN
ftr-323	214	24	has	have	AUX
ftr-323	214	25	changed	change	VERB
ftr-323	214	26	from	from	ADP
ftr-323	214	27	a	a	DET
ftr-323	214	28	net	net	ADJ
ftr-323	214	29	creditor	creditor	NOUN
ftr-323	214	30	country	country	NOUN
ftr-323	214	31	in	in	ADP
ftr-323	214	32	1980	1980	NUM
ftr-323	214	33	to	to	ADP
ftr-323	214	34	a	a	DET
ftr-323	214	35	vast	vast	ADJ
ftr-323	214	36	net	net	ADJ
ftr-323	214	37	debtor	debtor	NOUN
ftr-323	214	38	.	.	PUNCT
ftr-323	215	1	fourth	fourth	ADJ
ftr-323	215	2	,	,	PUNCT
ftr-323	215	3	many	many	ADJ
ftr-323	215	4	countries	country	NOUN
ftr-323	215	5	and	and	CCONJ
ftr-323	215	6	many	many	ADJ
ftr-323	215	7	u.s	u.s	PROPN
ftr-323	215	8	.	.	PROPN
ftr-323	215	9	states	state	NOUN
ftr-323	215	10	are	be	AUX
ftr-323	215	11	also	also	ADV
ftr-323	215	12	facing	face	VERB
ftr-323	215	13	daunting	daunt	VERB
ftr-323	215	14	fiscal	fiscal	ADJ
ftr-323	215	15	prospects.32	prospects.32	NOUN
ftr-323	215	16	of	of	ADP
ftr-323	215	17	course	course	NOUN
ftr-323	215	18	,	,	PUNCT
ftr-323	215	19	it	it	PRON
ftr-323	215	20	is	be	AUX
ftr-323	215	21	arithmetically	arithmetically	ADV
ftr-323	215	22	possible	possible	ADJ
ftr-323	215	23	for	for	SCONJ
ftr-323	215	24	the	the	DET
ftr-323	215	25	united	united	PROPN
ftr-323	215	26	states	states	PROPN
ftr-323	215	27	to	to	PART
ftr-323	215	28	reduce	reduce	VERB
ftr-323	215	29	its	its	PRON
ftr-323	215	30	projected	project	VERB
ftr-323	215	31	deficits	deficit	NOUN
ftr-323	215	32	and	and	CCONJ
ftr-323	215	33	debt	debt	NOUN
ftr-323	215	34	amount	amount	NOUN
ftr-323	215	35	by	by	ADP
ftr-323	215	36	leaving	leave	VERB
ftr-323	215	37	tax	tax	NOUN
ftr-323	215	38	levels	level	NOUN
ftr-323	215	39	as	as	SCONJ
ftr-323	215	40	they	they	PRON
ftr-323	215	41	are	be	AUX
ftr-323	215	42	while	while	SCONJ
ftr-323	215	43	making	make	VERB
ftr-323	215	44	major	major	ADJ
ftr-323	215	45	reductions	reduction	NOUN
ftr-323	215	46	in	in	ADP
ftr-323	215	47	spending	spending	NOUN
ftr-323	215	48	.	.	PUNCT
ftr-323	216	1	there	there	PRON
ftr-323	216	2	is	be	VERB
ftr-323	216	3	nothing	nothing	PRON
ftr-323	216	4	in	in	ADP
ftr-323	216	5	recent	recent	ADJ
ftr-323	216	6	history	history	NOUN
ftr-323	216	7	,	,	PUNCT
ftr-323	216	8	however	however	ADV
ftr-323	216	9	,	,	PUNCT
ftr-323	216	10	to	to	PART
ftr-323	216	11	suggest	suggest	VERB
ftr-323	216	12	that	that	SCONJ
ftr-323	216	13	it	it	PRON
ftr-323	216	14	is	be	AUX
ftr-323	216	15	politically	politically	ADV
ftr-323	216	16	feasible	feasible	ADJ
ftr-323	216	17	for	for	SCONJ
ftr-323	216	18	congress	congress	PROPN
ftr-323	216	19	to	to	PART
ftr-323	216	20	solve	solve	VERB
ftr-323	216	21	the	the	DET
ftr-323	216	22	u.s	u.s	PROPN
ftr-323	216	23	.	.	PROPN
ftr-323	216	24	deficit	deficit	NOUN
ftr-323	216	25	problem	problem	NOUN
ftr-323	216	26	solely	solely	ADV
ftr-323	216	27	by	by	ADP
ftr-323	216	28	spending	spend	VERB
ftr-323	216	29	cuts.33	cuts.33	PROPN
ftr-323	216	30	b.	b.	PROPN
ftr-323	216	31	forfeiting	forfeit	VERB
ftr-323	216	32	the	the	DET
ftr-323	216	33	residual	residual	ADJ
ftr-323	216	34	tax	tax	NOUN
ftr-323	216	35	if	if	SCONJ
ftr-323	216	36	u.s	u.s	PROPN
ftr-323	216	37	.	.	PROPN
ftr-323	216	38	deficits	deficit	NOUN
ftr-323	216	39	are	be	AUX
ftr-323	216	40	to	to	PART
ftr-323	216	41	be	be	AUX
ftr-323	216	42	trimmed	trim	VERB
ftr-323	216	43	to	to	ADP
ftr-323	216	44	a	a	DET
ftr-323	216	45	sustainable	sustainable	ADJ
ftr-323	216	46	level	level	NOUN
ftr-323	216	47	,	,	PUNCT
ftr-323	216	48	increased	increase	VERB
ftr-323	216	49	tax	tax	NOUN
ftr-323	216	50	revenues	revenue	NOUN
ftr-323	216	51	are	be	AUX
ftr-323	216	52	a	a	DET
ftr-323	216	53	critical	critical	ADJ
ftr-323	216	54	component	component	NOUN
ftr-323	216	55	of	of	ADP
ftr-323	216	56	a	a	DET
ftr-323	216	57	politically	politically	ADV
ftr-323	216	58	plausible	plausible	ADJ
ftr-323	216	59	solution.34	solution.34	PROPN
ftr-323	216	60	the	the	DET
ftr-323	216	61	u.s	u.s	PROPN
ftr-323	216	62	.	.	PROPN
ftr-323	216	63	corporate	corporate	ADJ
ftr-323	216	64	sector	sector	NOUN
ftr-323	216	65	historically	historically	ADV
ftr-323	216	66	accounts	account	VERB
ftr-323	216	67	for	for	ADP
ftr-323	216	68	approximately	approximately	ADV
ftr-323	216	69	10	10	NUM
ftr-323	216	70	percent	percent	NOUN
ftr-323	216	71	of	of	ADP
ftr-323	216	72	federal	federal	ADJ
ftr-323	216	73	revenues	revenue	NOUN
ftr-323	216	74	.	.	PUNCT
ftr-323	217	1	any	any	DET
ftr-323	217	2	congressional	congressional	ADJ
ftr-323	217	3	actions	action	NOUN
ftr-323	217	4	that	that	PRON
ftr-323	217	5	would	would	AUX
ftr-323	217	6	reduce	reduce	VERB
ftr-323	217	7	corporate	corporate	ADJ
ftr-323	217	8	tax	tax	NOUN
ftr-323	217	9	revenues	revenue	NOUN
ftr-323	217	10	should	should	AUX
ftr-323	217	11	surely	surely	ADV
ftr-323	217	12	be	be	AUX
ftr-323	217	13	viewed	view	VERB
ftr-323	217	14	with	with	ADP
ftr-323	217	15	deep	deep	ADJ
ftr-323	217	16	skepticism	skepticism	NOUN
ftr-323	217	17	and	and	CCONJ
ftr-323	217	18	concern.35	concern.35	NOUN
ftr-323	217	19	moreover	moreover	ADV
ftr-323	217	20	,	,	PUNCT
ftr-323	217	21	it	it	PRON
ftr-323	217	22	will	will	AUX
ftr-323	217	23	be	be	AUX
ftr-323	217	24	very	very	ADV
ftr-323	217	25	difficult	difficult	ADJ
ftr-323	217	26	,	,	PUNCT
ftr-323	217	27	politically	politically	ADV
ftr-323	217	28	,	,	PUNCT
ftr-323	217	29	to	to	PART
ftr-323	217	30	raise	raise	VERB
ftr-323	217	31	taxes	taxis	NOUN
ftr-323	217	32	on	on	ADP
ftr-323	217	33	individual	individual	ADJ
ftr-323	217	34	taxpayers	taxpayer	NOUN
ftr-323	217	35	while	while	SCONJ
ftr-323	217	36	allowing	allow	VERB
ftr-323	217	37	u.s	u.s	PROPN
ftr-323	217	38	.	.	PROPN
ftr-323	217	39	multinational	multinational	ADJ
ftr-323	217	40	corporations	corporation	NOUN
ftr-323	217	41	to	to	PART
ftr-323	217	42	escape	escape	VERB
ftr-323	217	43	u.s	u.s	PROPN
ftr-323	217	44	.	.	PROPN
ftr-323	217	45	tax	tax	NOUN
ftr-323	217	46	on	on	ADP
ftr-323	217	47	their	their	PRON
ftr-323	217	48	foreign	foreign	ADJ
ftr-323	217	49	-	-	PUNCT
ftr-323	217	50	source	source	NOUN
ftr-323	217	51	business	business	NOUN
ftr-323	217	52	income	income	NOUN
ftr-323	217	53	.	.	PUNCT
ftr-323	218	1	against	against	ADP
ftr-323	218	2	the	the	DET
ftr-323	218	3	preceding	precede	VERB
ftr-323	218	4	fiscal	fiscal	ADJ
ftr-323	218	5	background	background	NOUN
ftr-323	218	6	,	,	PUNCT
ftr-323	218	7	a	a	DET
ftr-323	218	8	proposal	proposal	NOUN
ftr-323	218	9	to	to	PART
ftr-323	218	10	replace	replace	VERB
ftr-323	218	11	the	the	DET
ftr-323	218	12	u.s	u.s	PROPN
ftr-323	218	13	.	.	PROPN
ftr-323	218	14	worldwide	worldwide	PROPN
ftr-323	218	15	international	international	ADJ
ftr-323	218	16	income	income	NOUN
ftr-323	218	17	tax	tax	NOUN
ftr-323	218	18	system	system	NOUN
ftr-323	218	19	with	with	ADP
ftr-323	218	20	an	an	DET
ftr-323	218	21	exemption	exemption	NOUN
ftr-323	218	22	or	or	CCONJ
ftr-323	218	23	territorial	territorial	ADJ
ftr-323	218	24	system	system	NOUN
ftr-323	218	25	would	would	AUX
ftr-323	218	26	seem	seem	VERB
ftr-323	218	27	to	to	PART
ftr-323	218	28	be	be	AUX
ftr-323	218	29	an	an	DET
ftr-323	218	30	illogical	illogical	ADJ
ftr-323	218	31	response	response	NOUN
ftr-323	218	32	to	to	ADP
ftr-323	218	33	a	a	DET
ftr-323	218	34	need	need	NOUN
ftr-323	218	35	for	for	ADP
ftr-323	218	36	revenue	revenue	NOUN
ftr-323	218	37	.	.	PUNCT
ftr-323	219	1	to	to	PART
ftr-323	219	2	see	see	VERB
ftr-323	219	3	why	why	SCONJ
ftr-323	219	4	,	,	PUNCT
ftr-323	219	5	return	return	VERB
ftr-323	219	6	to	to	ADP
ftr-323	219	7	the	the	DET
ftr-323	219	8	patria	patria	PROPN
ftr-323	219	9	example	example	NOUN
ftr-323	219	10	in	in	ADP
ftr-323	219	11	part	part	PROPN
ftr-323	219	12	ii	ii	PROPN
ftr-323	219	13	where	where	SCONJ
ftr-323	219	14	patria	patria	PROPN
ftr-323	219	15	32	32	NUM
ftr-323	219	16	.	.	PUNCT
ftr-323	220	1	auerbach	auerbach	PROPN
ftr-323	220	2	&	&	CCONJ
ftr-323	220	3	gale	gale	PROPN
ftr-323	220	4	,	,	PUNCT
ftr-323	220	5	tempting	tempt	VERB
ftr-323	220	6	fate	fate	NOUN
ftr-323	220	7	,	,	PUNCT
ftr-323	220	8	supra	supra	PROPN
ftr-323	220	9	note	note	PROPN
ftr-323	220	10	26	26	NUM
ftr-323	220	11	,	,	PUNCT
ftr-323	220	12	at	at	ADP
ftr-323	220	13	375	375	NUM
ftr-323	220	14	.	.	PUNCT
ftr-323	221	1	but	but	CCONJ
ftr-323	221	2	see	see	VERB
ftr-323	221	3	buchanan	buchanan	PROPN
ftr-323	221	4	,	,	PUNCT
ftr-323	221	5	good	good	ADJ
ftr-323	221	6	deficits	deficit	NOUN
ftr-323	221	7	,	,	PUNCT
ftr-323	221	8	supra	supra	PROPN
ftr-323	221	9	note	note	PROPN
ftr-323	221	10	25	25	NUM
ftr-323	221	11	.	.	PUNCT
ftr-323	221	12	33	33	NUM
ftr-323	221	13	.	.	PUNCT
ftr-323	222	1	see	see	VERB
ftr-323	222	2	rosanne	rosanne	NOUN
ftr-323	222	3	altshuler	altshuler	NOUN
ftr-323	222	4	,	,	PUNCT
ftr-323	222	5	katherine	katherine	PROPN
ftr-323	222	6	lim	lim	PROPN
ftr-323	222	7	&	&	CCONJ
ftr-323	222	8	roberton	roberton	PROPN
ftr-323	222	9	williams	william	NOUN
ftr-323	222	10	,	,	PUNCT
ftr-323	222	11	desperately	desperately	ADV
ftr-323	222	12	seeking	seek	VERB
ftr-323	222	13	revenue	revenue	NOUN
ftr-323	222	14	,	,	PUNCT
ftr-323	222	15	63	63	NUM
ftr-323	222	16	nat’l	nat’l	NOUN
ftr-323	222	17	tax	tax	NOUN
ftr-323	222	18	j.	j.	PROPN
ftr-323	222	19	331	331	PROPN
ftr-323	222	20	,	,	PUNCT
ftr-323	222	21	332	332	NUM
ftr-323	222	22	(	(	PUNCT
ftr-323	222	23	2010	2010	NUM
ftr-323	222	24	)	)	PUNCT
ftr-323	222	25	;	;	PUNCT
ftr-323	222	26	martin	martin	PROPN
ftr-323	222	27	a.	a.	PROPN
ftr-323	222	28	sullivan	sullivan	PROPN
ftr-323	222	29	,	,	PUNCT
ftr-323	222	30	taxes	taxis	NOUN
ftr-323	222	31	must	must	AUX
ftr-323	222	32	rise	rise	VERB
ftr-323	222	33	,	,	PUNCT
ftr-323	222	34	127	127	NUM
ftr-323	222	35	tax	tax	NOUN
ftr-323	222	36	notes	note	NOUN
ftr-323	222	37	369	369	NUM
ftr-323	222	38	,	,	PUNCT
ftr-323	222	39	370–71	370–71	PROPN
ftr-323	222	40	(	(	PUNCT
ftr-323	222	41	apr	apr	PROPN
ftr-323	222	42	.	.	PROPN
ftr-323	222	43	26	26	NUM
ftr-323	222	44	,	,	PUNCT
ftr-323	222	45	2010	2010	NUM
ftr-323	222	46	)	)	PUNCT
ftr-323	222	47	;	;	PUNCT
ftr-323	222	48	yin	yin	PROPN
ftr-323	222	49	,	,	PUNCT
ftr-323	222	50	bush	bush	PROPN
ftr-323	222	51	tax	tax	NOUN
ftr-323	222	52	cuts	cut	NOUN
ftr-323	222	53	,	,	PUNCT
ftr-323	222	54	supra	supra	PROPN
ftr-323	222	55	note	note	PROPN
ftr-323	222	56	25	25	NUM
ftr-323	222	57	,	,	PUNCT
ftr-323	222	58	at	at	ADP
ftr-323	222	59	118–19	118–19	NUM
ftr-323	222	60	;	;	PUNCT
ftr-323	222	61	see	see	VERB
ftr-323	222	62	also	also	ADV
ftr-323	222	63	auerbach	auerbach	VERB
ftr-323	222	64	&	&	CCONJ
ftr-323	222	65	gale	gale	PROPN
ftr-323	222	66	,	,	PUNCT
ftr-323	222	67	déjà	déjà	PROPN
ftr-323	222	68	vu	vu	PROPN
ftr-323	222	69	,	,	PUNCT
ftr-323	222	70	supra	supra	PROPN
ftr-323	222	71	note	note	PROPN
ftr-323	222	72	25	25	NUM
ftr-323	222	73	,	,	PUNCT
ftr-323	222	74	at	at	ADP
ftr-323	222	75	554	554	NUM
ftr-323	222	76	(	(	PUNCT
ftr-323	222	77	“	"	PUNCT
ftr-323	222	78	[	[	X
ftr-323	222	79	i]t	i]t	NOUN
ftr-323	222	80	is	be	AUX
ftr-323	222	81	simply	simply	ADV
ftr-323	222	82	implausible	implausible	ADJ
ftr-323	222	83	that	that	SCONJ
ftr-323	222	84	cutting	cut	VERB
ftr-323	222	85	health	health	NOUN
ftr-323	222	86	care	care	NOUN
ftr-323	222	87	spending	spending	NOUN
ftr-323	222	88	growth	growth	NOUN
ftr-323	222	89	alone	alone	ADV
ftr-323	222	90	can	can	AUX
ftr-323	222	91	solve	solve	VERB
ftr-323	222	92	the	the	DET
ftr-323	222	93	long	long	ADJ
ftr-323	222	94	-	-	PUNCT
ftr-323	222	95	term	term	NOUN
ftr-323	222	96	fiscal	fiscal	ADJ
ftr-323	222	97	imbalance	imbalance	NOUN
ftr-323	222	98	.	.	PUNCT
ftr-323	222	99	”	"	PUNCT
ftr-323	222	100	)	)	PUNCT
ftr-323	222	101	;	;	PUNCT
ftr-323	222	102	kleinbard	kleinbard	ADJ
ftr-323	222	103	,	,	PUNCT
ftr-323	222	104	deficit	deficit	NOUN
ftr-323	222	105	reduction	reduction	NOUN
ftr-323	222	106	,	,	PUNCT
ftr-323	222	107	supra	supra	PROPN
ftr-323	222	108	note	note	PROPN
ftr-323	222	109	25	25	NUM
ftr-323	222	110	,	,	PUNCT
ftr-323	222	111	at	at	ADP
ftr-323	222	112	1110	1110	NUM
ftr-323	222	113	(	(	PUNCT
ftr-323	222	114	“	"	PUNCT
ftr-323	222	115	cbo	cbo	PROPN
ftr-323	222	116	projections	projection	NOUN
ftr-323	222	117	demonstrate	demonstrate	VERB
ftr-323	222	118	that	that	SCONJ
ftr-323	222	119	the	the	DET
ftr-323	222	120	continuation	continuation	NOUN
ftr-323	222	121	of	of	ADP
ftr-323	222	122	current	current	ADJ
ftr-323	222	123	revenue	revenue	NOUN
ftr-323	222	124	and	and	CCONJ
ftr-323	222	125	entitlements	entitlement	NOUN
ftr-323	222	126	policies	policy	NOUN
ftr-323	222	127	would	would	AUX
ftr-323	222	128	mean	mean	VERB
ftr-323	222	129	that	that	SCONJ
ftr-323	222	130	the	the	DET
ftr-323	222	131	federal	federal	ADJ
ftr-323	222	132	government	government	NOUN
ftr-323	222	133	would	would	AUX
ftr-323	222	134	run	run	VERB
ftr-323	222	135	a	a	DET
ftr-323	222	136	deficit	deficit	NOUN
ftr-323	222	137	in	in	ADP
ftr-323	222	138	the	the	DET
ftr-323	222	139	coming	come	VERB
ftr-323	222	140	decade	decade	NOUN
ftr-323	222	141	even	even	ADV
ftr-323	222	142	if	if	SCONJ
ftr-323	222	143	it	it	PRON
ftr-323	222	144	were	be	AUX
ftr-323	222	145	to	to	PART
ftr-323	222	146	spend	spend	VERB
ftr-323	222	147	zero	zero	NUM
ftr-323	222	148	on	on	ADP
ftr-323	222	149	all	all	DET
ftr-323	222	150	non	non	ADJ
ftr-323	222	151	-	-	ADJ
ftr-323	222	152	defense	defense	ADJ
ftr-323	222	153	discretionary	discretionary	ADJ
ftr-323	222	154	spending	spending	NOUN
ftr-323	222	155	programs	program	NOUN
ftr-323	222	156	.	.	PUNCT
ftr-323	222	157	”	"	PUNCT
ftr-323	222	158	)	)	PUNCT
ftr-323	222	159	.	.	PUNCT
ftr-323	223	1	34	34	NUM
ftr-323	223	2	.	.	PUNCT
ftr-323	224	1	see	see	VERB
ftr-323	224	2	supra	supra	PROPN
ftr-323	224	3	note	note	PROPN
ftr-323	224	4	33	33	NUM
ftr-323	224	5	.	.	NOUN
ftr-323	224	6	35	35	NUM
ftr-323	224	7	.	.	PUNCT
ftr-323	225	1	see	see	VERB
ftr-323	225	2	clausing	clause	VERB
ftr-323	225	3	,	,	PUNCT
ftr-323	225	4	challenging	challenging	ADJ
ftr-323	225	5	time	time	NOUN
ftr-323	225	6	,	,	PUNCT
ftr-323	225	7	supra	supra	PROPN
ftr-323	225	8	note	note	NOUN
ftr-323	225	9	3	3	NUM
ftr-323	225	10	,	,	PUNCT
ftr-323	225	11	at	at	ADP
ftr-323	225	12	283	283	NUM
ftr-323	225	13	(	(	PUNCT
ftr-323	225	14	“	"	PUNCT
ftr-323	226	1	[	[	X
ftr-323	226	2	g]iven	g]iven	AUX
ftr-323	226	3	today	today	NOUN
ftr-323	226	4	’s	’s	PART
ftr-323	226	5	budget	budget	NOUN
ftr-323	226	6	climate	climate	NOUN
ftr-323	226	7	,	,	PUNCT
ftr-323	226	8	avoiding	avoid	VERB
ftr-323	226	9	further	further	ADJ
ftr-323	226	10	erosion	erosion	NOUN
ftr-323	226	11	of	of	ADP
ftr-323	226	12	the	the	DET
ftr-323	226	13	corporate	corporate	ADJ
ftr-323	226	14	tax	tax	NOUN
ftr-323	226	15	base	base	NOUN
ftr-323	226	16	should	should	AUX
ftr-323	226	17	be	be	AUX
ftr-323	226	18	a	a	DET
ftr-323	226	19	priority	priority	NOUN
ftr-323	226	20	.	.	PUNCT
ftr-323	226	21	”	"	PUNCT
ftr-323	226	22	)	)	PUNCT
ftr-323	226	23	.	.	PUNCT
ftr-323	227	1	see	see	VERB
ftr-323	227	2	generally	generally	ADV
ftr-323	227	3	yin	yin	PROPN
ftr-323	227	4	,	,	PUNCT
ftr-323	227	5	bush	bush	PROPN
ftr-323	227	6	tax	tax	NOUN
ftr-323	227	7	cuts	cut	NOUN
ftr-323	227	8	,	,	PUNCT
ftr-323	227	9	supra	supra	PROPN
ftr-323	227	10	note	note	NOUN
ftr-323	227	11	25	25	NUM
ftr-323	227	12	.	.	NOUN
ftr-323	227	13	2012	2012	NUM
ftr-323	227	14	]	]	PUNCT
ftr-323	227	15	exemption	exemption	NOUN
ftr-323	227	16	when	when	SCONJ
ftr-323	227	17	the	the	DET
ftr-323	227	18	treasury	treasury	NOUN
ftr-323	227	19	is	be	AUX
ftr-323	227	20	empty	empty	ADJ
ftr-323	227	21	409	409	NUM
ftr-323	227	22	taxes	taxis	NOUN
ftr-323	227	23	its	its	PRON
ftr-323	227	24	residents	resident	NOUN
ftr-323	227	25	’	’	PART
ftr-323	227	26	foreign	foreign	ADJ
ftr-323	227	27	-	-	PUNCT
ftr-323	227	28	source	source	NOUN
ftr-323	227	29	income	income	NOUN
ftr-323	227	30	at	at	ADP
ftr-323	227	31	a	a	DET
ftr-323	227	32	35	35	NUM
ftr-323	227	33	percent	percent	NOUN
ftr-323	227	34	rate	rate	NOUN
ftr-323	227	35	,	,	PUNCT
ftr-323	227	36	and	and	CCONJ
ftr-323	227	37	neighborland	neighborland	NOUN
ftr-323	227	38	taxes	taxis	NOUN
ftr-323	227	39	business	business	NOUN
ftr-323	227	40	profits	profit	NOUN
ftr-323	227	41	at	at	ADP
ftr-323	227	42	20	20	NUM
ftr-323	227	43	percent	percent	NOUN
ftr-323	227	44	.	.	PUNCT
ftr-323	228	1	under	under	ADP
ftr-323	228	2	a	a	DET
ftr-323	228	3	worldwide	worldwide	ADJ
ftr-323	228	4	system	system	NOUN
ftr-323	228	5	,	,	PUNCT
ftr-323	228	6	patria	patria	PROPN
ftr-323	228	7	would	would	AUX
ftr-323	228	8	allow	allow	VERB
ftr-323	228	9	residents	resident	NOUN
ftr-323	228	10	who	who	PRON
ftr-323	228	11	earn	earn	VERB
ftr-323	228	12	neighborland	neighborland	NOUN
ftr-323	228	13	income	income	NOUN
ftr-323	228	14	a	a	DET
ftr-323	228	15	credit	credit	NOUN
ftr-323	228	16	for	for	ADP
ftr-323	228	17	the	the	DET
ftr-323	228	18	neighborland	neighborland	NOUN
ftr-323	228	19	tax	tax	NOUN
ftr-323	228	20	but	but	CCONJ
ftr-323	228	21	would	would	AUX
ftr-323	228	22	,	,	PUNCT
ftr-323	228	23	nevertheless	nevertheless	ADV
ftr-323	228	24	,	,	PUNCT
ftr-323	228	25	collect	collect	VERB
ftr-323	228	26	a	a	DET
ftr-323	228	27	15	15	NUM
ftr-323	228	28	percent	percent	NOUN
ftr-323	228	29	residual	residual	ADJ
ftr-323	228	30	tax	tax	NOUN
ftr-323	228	31	on	on	ADP
ftr-323	228	32	that	that	DET
ftr-323	228	33	income	income	NOUN
ftr-323	228	34	(	(	PUNCT
ftr-323	228	35	35	35	NUM
ftr-323	228	36	percent	percent	NOUN
ftr-323	228	37	20	20	NUM
ftr-323	228	38	percent	percent	NOUN
ftr-323	228	39	=	=	NOUN
ftr-323	228	40	15	15	NUM
ftr-323	228	41	percent	percent	NOUN
ftr-323	228	42	)	)	PUNCT
ftr-323	228	43	.	.	PUNCT
ftr-323	229	1	if	if	SCONJ
ftr-323	229	2	,	,	PUNCT
ftr-323	229	3	however	however	ADV
ftr-323	229	4	,	,	PUNCT
ftr-323	229	5	patria	patria	PROPN
ftr-323	229	6	employs	employ	VERB
ftr-323	229	7	an	an	DET
ftr-323	229	8	exemption	exemption	NOUN
ftr-323	229	9	or	or	CCONJ
ftr-323	229	10	territorial	territorial	ADJ
ftr-323	229	11	system	system	NOUN
ftr-323	229	12	,	,	PUNCT
ftr-323	229	13	it	it	PRON
ftr-323	229	14	would	would	AUX
ftr-323	229	15	waive	waive	VERB
ftr-323	229	16	the	the	DET
ftr-323	229	17	15	15	NUM
ftr-323	229	18	percent	percent	NOUN
ftr-323	229	19	residual	residual	ADJ
ftr-323	229	20	tax	tax	NOUN
ftr-323	229	21	and	and	CCONJ
ftr-323	229	22	collect	collect	VERB
ftr-323	229	23	no	no	DET
ftr-323	229	24	revenue	revenue	NOUN
ftr-323	229	25	with	with	ADP
ftr-323	229	26	respect	respect	NOUN
ftr-323	229	27	to	to	ADP
ftr-323	229	28	income	income	NOUN
ftr-323	229	29	earned	earn	VERB
ftr-323	229	30	in	in	ADP
ftr-323	229	31	neighborland	neighborland	NOUN
ftr-323	229	32	by	by	ADP
ftr-323	229	33	patria	patria	PROPN
ftr-323	229	34	residents	resident	NOUN
ftr-323	229	35	.	.	PUNCT
ftr-323	230	1	in	in	ADP
ftr-323	230	2	the	the	DET
ftr-323	230	3	u.s	u.s	PROPN
ftr-323	230	4	.	.	PROPN
ftr-323	230	5	context	context	PROPN
ftr-323	230	6	,	,	PUNCT
ftr-323	230	7	this	this	DET
ftr-323	230	8	loss	loss	NOUN
ftr-323	230	9	of	of	ADP
ftr-323	230	10	the	the	DET
ftr-323	230	11	residual	residual	ADJ
ftr-323	230	12	tax	tax	NOUN
ftr-323	230	13	has	have	VERB
ftr-323	230	14	a	a	DET
ftr-323	230	15	significant	significant	ADJ
ftr-323	230	16	impact	impact	NOUN
ftr-323	230	17	on	on	ADP
ftr-323	230	18	the	the	DET
ftr-323	230	19	federal	federal	ADJ
ftr-323	230	20	deficit	deficit	NOUN
ftr-323	230	21	.	.	PUNCT
ftr-323	231	1	although	although	SCONJ
ftr-323	231	2	the	the	DET
ftr-323	231	3	united	united	PROPN
ftr-323	231	4	states	states	PROPN
ftr-323	231	5	does	do	AUX
ftr-323	231	6	not	not	PART
ftr-323	231	7	currently	currently	ADV
ftr-323	231	8	operate	operate	VERB
ftr-323	231	9	an	an	DET
ftr-323	231	10	explicit	explicit	ADJ
ftr-323	231	11	exemption	exemption	NOUN
ftr-323	231	12	system	system	NOUN
ftr-323	231	13	,	,	PUNCT
ftr-323	231	14	its	its	PRON
ftr-323	231	15	worldwide	worldwide	ADJ
ftr-323	231	16	system	system	NOUN
ftr-323	231	17	is	be	AUX
ftr-323	231	18	encumbered	encumber	VERB
ftr-323	231	19	with	with	ADP
ftr-323	231	20	a	a	DET
ftr-323	231	21	deferral	deferral	ADJ
ftr-323	231	22	privilege36	privilege36	NOUN
ftr-323	231	23	and	and	CCONJ
ftr-323	231	24	other	other	ADJ
ftr-323	231	25	features	feature	NOUN
ftr-323	231	26	,	,	PUNCT
ftr-323	231	27	which	which	PRON
ftr-323	231	28	in	in	ADP
ftr-323	231	29	practice	practice	NOUN
ftr-323	231	30	substantially	substantially	ADV
ftr-323	231	31	achieve	achieve	VERB
ftr-323	231	32	an	an	DET
ftr-323	231	33	exemption	exemption	NOUN
ftr-323	231	34	result.37	result.37	VERB
ftr-323	231	35	the	the	DET
ftr-323	231	36	staff	staff	NOUN
ftr-323	231	37	of	of	ADP
ftr-323	231	38	the	the	DET
ftr-323	231	39	joint	joint	ADJ
ftr-323	231	40	committee	committee	NOUN
ftr-323	231	41	on	on	ADP
ftr-323	231	42	taxation	taxation	NOUN
ftr-323	231	43	has	have	AUX
ftr-323	231	44	calculated	calculate	VERB
ftr-323	231	45	that	that	SCONJ
ftr-323	231	46	the	the	DET
ftr-323	231	47	u.s	u.s	PROPN
ftr-323	231	48	.	.	PROPN
ftr-323	231	49	revenue	revenue	NOUN
ftr-323	231	50	loss	loss	NOUN
ftr-323	231	51	from	from	ADP
ftr-323	231	52	this	this	DET
ftr-323	231	53	exemption	exemption	NOUN
ftr-323	231	54	-	-	PUNCT
ftr-323	231	55	like	like	ADJ
ftr-323	231	56	deferral	deferral	ADJ
ftr-323	231	57	privilege	privilege	NOUN
ftr-323	231	58	was	be	AUX
ftr-323	231	59	$	$	SYM
ftr-323	231	60	21.5	21.5	NUM
ftr-323	231	61	billion	billion	NUM
ftr-323	231	62	for	for	ADP
ftr-323	231	63	fiscal	fiscal	ADJ
ftr-323	231	64	year	year	NOUN
ftr-323	231	65	2011	2011	NUM
ftr-323	231	66	and	and	CCONJ
ftr-323	231	67	will	will	AUX
ftr-323	231	68	total	total	VERB
ftr-323	231	69	$	$	SYM
ftr-323	231	70	97.7	97.7	NUM
ftr-323	231	71	billion	billion	NUM
ftr-323	231	72	for	for	ADP
ftr-323	231	73	the	the	DET
ftr-323	231	74	fiscal	fiscal	ADJ
ftr-323	231	75	years	year	NOUN
ftr-323	231	76	2011	2011	NUM
ftr-323	231	77	-	-	SYM
ftr-323	231	78	2015	2015	NUM
ftr-323	231	79	period.38	period.38	NOUN
ftr-323	231	80	in	in	ADP
ftr-323	231	81	the	the	DET
ftr-323	231	82	face	face	NOUN
ftr-323	231	83	of	of	ADP
ftr-323	231	84	the	the	DET
ftr-323	231	85	daunting	daunt	VERB
ftr-323	231	86	deficit	deficit	NOUN
ftr-323	231	87	36	36	NUM
ftr-323	231	88	.	.	PUNCT
ftr-323	232	1	in	in	ADP
ftr-323	232	2	other	other	ADJ
ftr-323	232	3	words	word	NOUN
ftr-323	232	4	,	,	PUNCT
ftr-323	232	5	the	the	DET
ftr-323	232	6	u.s	u.s	PROPN
ftr-323	232	7	.	.	PROPN
ftr-323	232	8	tax	tax	NOUN
ftr-323	232	9	on	on	ADP
ftr-323	232	10	foreign	foreign	ADJ
ftr-323	232	11	-	-	PUNCT
ftr-323	232	12	source	source	NOUN
ftr-323	232	13	active	active	ADJ
ftr-323	232	14	business	business	NOUN
ftr-323	232	15	income	income	NOUN
ftr-323	232	16	earned	earn	VERB
ftr-323	232	17	through	through	ADP
ftr-323	232	18	foreign	foreign	ADJ
ftr-323	232	19	corporations	corporation	NOUN
ftr-323	232	20	is	be	AUX
ftr-323	232	21	deferred	defer	VERB
ftr-323	232	22	until	until	SCONJ
ftr-323	232	23	the	the	DET
ftr-323	232	24	income	income	NOUN
ftr-323	232	25	is	be	AUX
ftr-323	232	26	repatriated	repatriate	VERB
ftr-323	232	27	to	to	ADP
ftr-323	232	28	the	the	DET
ftr-323	232	29	united	united	PROPN
ftr-323	232	30	states	states	PROPN
ftr-323	232	31	through	through	ADP
ftr-323	232	32	dividends	dividend	NOUN
ftr-323	232	33	or	or	CCONJ
ftr-323	232	34	realized	realize	VERB
ftr-323	232	35	through	through	ADP
ftr-323	232	36	stock	stock	NOUN
ftr-323	232	37	sales	sale	NOUN
ftr-323	232	38	.	.	PUNCT
ftr-323	233	1	37	37	NUM
ftr-323	233	2	.	.	PUNCT
ftr-323	234	1	see	see	VERB
ftr-323	234	2	fleming	fleming	PROPN
ftr-323	234	3	,	,	PUNCT
ftr-323	234	4	peroni	peroni	PROPN
ftr-323	234	5	&	&	CCONJ
ftr-323	234	6	shay	shay	PROPN
ftr-323	234	7	,	,	PUNCT
ftr-323	234	8	worse	bad	ADJ
ftr-323	234	9	than	than	ADP
ftr-323	234	10	exemption	exemption	NOUN
ftr-323	234	11	,	,	PUNCT
ftr-323	234	12	supra	supra	PROPN
ftr-323	234	13	note	note	NOUN
ftr-323	234	14	4	4	NUM
ftr-323	234	15	.	.	PUNCT
ftr-323	235	1	assuming	assume	VERB
ftr-323	235	2	the	the	DET
ftr-323	235	3	same	same	ADJ
ftr-323	235	4	pre	pre	ADJ
ftr-323	235	5	-	-	ADJ
ftr-323	235	6	tax	tax	ADJ
ftr-323	235	7	rates	rate	NOUN
ftr-323	235	8	of	of	ADP
ftr-323	235	9	return	return	NOUN
ftr-323	235	10	in	in	ADP
ftr-323	235	11	the	the	DET
ftr-323	235	12	united	united	PROPN
ftr-323	235	13	states	states	PROPN
ftr-323	235	14	and	and	CCONJ
ftr-323	235	15	abroad	abroad	ADV
ftr-323	235	16	and	and	CCONJ
ftr-323	235	17	unchanging	unchanging	ADJ
ftr-323	235	18	tax	tax	NOUN
ftr-323	235	19	rates	rate	NOUN
ftr-323	235	20	,	,	PUNCT
ftr-323	235	21	the	the	DET
ftr-323	235	22	benefit	benefit	NOUN
ftr-323	235	23	of	of	ADP
ftr-323	235	24	postponing	postpone	VERB
ftr-323	235	25	repatriation	repatriation	NOUN
ftr-323	235	26	is	be	AUX
ftr-323	235	27	not	not	PART
ftr-323	235	28	from	from	ADP
ftr-323	235	29	avoiding	avoid	VERB
ftr-323	235	30	the	the	DET
ftr-323	235	31	tax	tax	NOUN
ftr-323	235	32	on	on	ADP
ftr-323	235	33	repatriation	repatriation	NOUN
ftr-323	235	34	but	but	CCONJ
ftr-323	235	35	from	from	ADP
ftr-323	235	36	reinvesting	reinveste	VERB
ftr-323	235	37	the	the	DET
ftr-323	235	38	deferred	deferred	ADJ
ftr-323	235	39	earnings	earning	NOUN
ftr-323	235	40	at	at	ADP
ftr-323	235	41	a	a	DET
ftr-323	235	42	higher	high	ADJ
ftr-323	235	43	after	after	ADP
ftr-323	235	44	-	-	PUNCT
ftr-323	235	45	tax	tax	NOUN
ftr-323	235	46	return	return	NOUN
ftr-323	235	47	(	(	PUNCT
ftr-323	235	48	than	than	SCONJ
ftr-323	235	49	if	if	SCONJ
ftr-323	235	50	repatriated	repatriate	VERB
ftr-323	235	51	)	)	PUNCT
ftr-323	235	52	so	so	SCONJ
ftr-323	235	53	they	they	PRON
ftr-323	235	54	grow	grow	VERB
ftr-323	235	55	faster	fast	ADV
ftr-323	235	56	(	(	PUNCT
ftr-323	235	57	before	before	SCONJ
ftr-323	235	58	the	the	DET
ftr-323	235	59	u.s	u.s	PROPN
ftr-323	235	60	.	.	PROPN
ftr-323	235	61	tax	tax	NOUN
ftr-323	235	62	is	be	AUX
ftr-323	235	63	imposed	impose	VERB
ftr-323	235	64	)	)	PUNCT
ftr-323	235	65	.	.	PUNCT
ftr-323	236	1	the	the	DET
ftr-323	236	2	benefit	benefit	NOUN
ftr-323	236	3	of	of	ADP
ftr-323	236	4	deferring	defer	VERB
ftr-323	236	5	the	the	DET
ftr-323	236	6	repatriation	repatriation	NOUN
ftr-323	236	7	tax	tax	NOUN
ftr-323	236	8	under	under	ADP
ftr-323	236	9	these	these	DET
ftr-323	236	10	assumptions	assumption	NOUN
ftr-323	236	11	(	(	PUNCT
ftr-323	236	12	separate	separate	ADJ
ftr-323	236	13	from	from	ADP
ftr-323	236	14	foreign	foreign	ADJ
ftr-323	236	15	tax	tax	NOUN
ftr-323	236	16	credit	credit	NOUN
ftr-323	236	17	and	and	CCONJ
ftr-323	236	18	other	other	ADJ
ftr-323	236	19	issues	issue	NOUN
ftr-323	236	20	discussed	discuss	VERB
ftr-323	236	21	in	in	ADP
ftr-323	236	22	worse	bad	ADJ
ftr-323	236	23	than	than	ADP
ftr-323	236	24	exemption	exemption	NOUN
ftr-323	236	25	)	)	PUNCT
ftr-323	236	26	can	can	AUX
ftr-323	236	27	exceed	exceed	VERB
ftr-323	236	28	in	in	ADP
ftr-323	236	29	present	present	ADJ
ftr-323	236	30	value	value	NOUN
ftr-323	236	31	terms	term	NOUN
ftr-323	236	32	the	the	DET
ftr-323	236	33	u.s	u.s	PROPN
ftr-323	236	34	.	.	PROPN
ftr-323	236	35	tax	tax	NOUN
ftr-323	236	36	on	on	ADP
ftr-323	236	37	repatriation	repatriation	NOUN
ftr-323	236	38	.	.	PUNCT
ftr-323	237	1	an	an	DET
ftr-323	237	2	exemption	exemption	NOUN
ftr-323	237	3	system	system	NOUN
ftr-323	237	4	achieves	achieve	VERB
ftr-323	237	5	this	this	DET
ftr-323	237	6	same	same	ADJ
ftr-323	237	7	benefit	benefit	NOUN
ftr-323	237	8	,	,	PUNCT
ftr-323	237	9	when	when	SCONJ
ftr-323	237	10	repatriation	repatriation	NOUN
ftr-323	237	11	is	be	AUX
ftr-323	237	12	deferred	defer	VERB
ftr-323	237	13	,	,	PUNCT
ftr-323	237	14	plus	plus	CCONJ
ftr-323	237	15	exemption	exemption	NOUN
ftr-323	237	16	from	from	ADP
ftr-323	237	17	u.s	u.s	PROPN
ftr-323	237	18	.	.	PROPN
ftr-323	237	19	tax	tax	NOUN
ftr-323	237	20	on	on	ADP
ftr-323	237	21	repatriation	repatriation	NOUN
ftr-323	237	22	.	.	PUNCT
ftr-323	238	1	we	we	PRON
ftr-323	238	2	thank	thank	VERB
ftr-323	238	3	professor	professor	PROPN
ftr-323	238	4	alvin	alvin	PROPN
ftr-323	238	5	warren	warren	PROPN
ftr-323	238	6	for	for	ADP
ftr-323	238	7	this	this	DET
ftr-323	238	8	observation	observation	NOUN
ftr-323	238	9	.	.	PUNCT
ftr-323	239	1	in	in	ADP
ftr-323	239	2	practice	practice	NOUN
ftr-323	239	3	,	,	PUNCT
ftr-323	239	4	companies	company	NOUN
ftr-323	239	5	have	have	VERB
ftr-323	239	6	utilized	utilize	VERB
ftr-323	239	7	strategies	strategy	NOUN
ftr-323	239	8	that	that	PRON
ftr-323	239	9	effectively	effectively	ADV
ftr-323	239	10	allow	allow	VERB
ftr-323	239	11	deferred	deferred	ADJ
ftr-323	239	12	earnings	earning	NOUN
ftr-323	239	13	to	to	PART
ftr-323	239	14	be	be	AUX
ftr-323	239	15	used	use	VERB
ftr-323	239	16	in	in	ADP
ftr-323	239	17	the	the	DET
ftr-323	239	18	united	united	PROPN
ftr-323	239	19	states	states	PROPN
ftr-323	239	20	without	without	ADP
ftr-323	239	21	reporting	report	VERB
ftr-323	239	22	an	an	DET
ftr-323	239	23	income	income	NOUN
ftr-323	239	24	inclusion	inclusion	NOUN
ftr-323	239	25	under	under	ADP
ftr-323	239	26	section	section	NOUN
ftr-323	239	27	956	956	NUM
ftr-323	239	28	.	.	PUNCT
ftr-323	240	1	see	see	VERB
ftr-323	240	2	memorandum	memorandum	NOUN
ftr-323	240	3	from	from	ADP
ftr-323	240	4	sen	sen	PROPN
ftr-323	240	5	.	.	PROPN
ftr-323	240	6	carl	carl	PROPN
ftr-323	240	7	levin	levin	PROPN
ftr-323	240	8	,	,	PUNCT
ftr-323	240	9	subcommittee	subcommittee	NOUN
ftr-323	240	10	chairman	chairman	NOUN
ftr-323	240	11	,	,	PUNCT
ftr-323	240	12	and	and	CCONJ
ftr-323	240	13	sen	sen	PROPN
ftr-323	240	14	.	.	PROPN
ftr-323	240	15	tom	tom	PROPN
ftr-323	240	16	coburn	coburn	PROPN
ftr-323	240	17	,	,	PUNCT
ftr-323	240	18	ranking	ranking	ADJ
ftr-323	240	19	member	member	NOUN
ftr-323	240	20	,	,	PUNCT
ftr-323	240	21	to	to	ADP
ftr-323	240	22	members	member	NOUN
ftr-323	240	23	of	of	ADP
ftr-323	240	24	the	the	DET
ftr-323	240	25	permanent	permanent	ADJ
ftr-323	240	26	subcommittee	subcommittee	NOUN
ftr-323	240	27	on	on	ADP
ftr-323	240	28	investigations	investigation	NOUN
ftr-323	240	29	of	of	ADP
ftr-323	240	30	offshore	offshore	ADJ
ftr-323	240	31	profit	profit	NOUN
ftr-323	240	32	shifting	shift	VERB
ftr-323	240	33	and	and	CCONJ
ftr-323	240	34	the	the	DET
ftr-323	240	35	u.s	u.s	PROPN
ftr-323	240	36	.	.	PROPN
ftr-323	240	37	tax	tax	PROPN
ftr-323	240	38	code	code	PROPN
ftr-323	240	39	,	,	PUNCT
ftr-323	240	40	25	25	NUM
ftr-323	240	41	-	-	SYM
ftr-323	240	42	27	27	NUM
ftr-323	240	43	(	(	PUNCT
ftr-323	240	44	sept	sept	PROPN
ftr-323	240	45	.	.	PROPN
ftr-323	240	46	20	20	NUM
ftr-323	240	47	,	,	PUNCT
ftr-323	240	48	2012	2012	NUM
ftr-323	240	49	)	)	PUNCT
ftr-323	240	50	,	,	PUNCT
ftr-323	240	51	http://www.hsgac.senate.gov/download/?id=7b9717af-592f-48be-815bfd8d38a71663	http://www.hsgac.senate.gov/download/?id=7b9717af-592f-48be-815bfd8d38a71663	PROPN
ftr-323	240	52	(	(	PUNCT
ftr-323	240	53	describing	describe	VERB
ftr-323	240	54	hewlett	hewlett	PROPN
ftr-323	240	55	-	-	PUNCT
ftr-323	240	56	packard	packard	PROPN
ftr-323	240	57	short	short	ADJ
ftr-323	240	58	-	-	PUNCT
ftr-323	240	59	term	term	NOUN
ftr-323	240	60	loan	loan	NOUN
ftr-323	240	61	program	program	NOUN
ftr-323	240	62	intended	intend	VERB
ftr-323	240	63	to	to	PART
ftr-323	240	64	circumvent	circumvent	VERB
ftr-323	240	65	current	current	ADJ
ftr-323	240	66	inclusion	inclusion	NOUN
ftr-323	240	67	)	)	PUNCT
ftr-323	240	68	;	;	PUNCT
ftr-323	240	69	see	see	VERB
ftr-323	240	70	also	also	ADV
ftr-323	240	71	paul	paul	PROPN
ftr-323	240	72	w.	w.	PROPN
ftr-323	240	73	oosterhuis	oosterhuis	PROPN
ftr-323	240	74	&	&	CCONJ
ftr-323	240	75	daniel	daniel	PROPN
ftr-323	240	76	m.	m.	PROPN
ftr-323	240	77	mccall	mccall	PROPN
ftr-323	240	78	,	,	PUNCT
ftr-323	240	79	what	what	PRON
ftr-323	240	80	’s	’	VERB
ftr-323	240	81	in	in	ADP
ftr-323	240	82	order	order	NOUN
ftr-323	240	83	for	for	ADP
ftr-323	240	84	assets	asset	NOUN
ftr-323	240	85	crossing	cross	VERB
ftr-323	240	86	the	the	DET
ftr-323	240	87	border	border	NOUN
ftr-323	240	88	?	?	PUNCT
ftr-323	241	1	,	,	PUNCT
ftr-323	241	2	88	88	NUM
ftr-323	241	3	taxes	taxis	NOUN
ftr-323	241	4	41	41	NUM
ftr-323	241	5	,	,	PUNCT
ftr-323	241	6	44–48	44–48	PROPN
ftr-323	241	7	(	(	PUNCT
ftr-323	241	8	mar	mar	PROPN
ftr-323	241	9	.	.	PROPN
ftr-323	241	10	2010	2010	NUM
ftr-323	241	11	)	)	PUNCT
ftr-323	241	12	(	(	PUNCT
ftr-323	241	13	describing	describe	VERB
ftr-323	241	14	patterns	pattern	NOUN
ftr-323	241	15	of	of	ADP
ftr-323	241	16	transactions	transaction	NOUN
ftr-323	241	17	avoiding	avoid	VERB
ftr-323	241	18	repatriation	repatriation	NOUN
ftr-323	241	19	tax	tax	NOUN
ftr-323	241	20	and	and	CCONJ
ftr-323	241	21	irs	irs	PROPN
ftr-323	241	22	responses	response	NOUN
ftr-323	241	23	)	)	PUNCT
ftr-323	241	24	.	.	PUNCT
ftr-323	242	1	38	38	NUM
ftr-323	242	2	.	.	PUNCT
ftr-323	242	3	staff	staff	NOUN
ftr-323	242	4	of	of	ADP
ftr-323	242	5	joint	joint	ADJ
ftr-323	242	6	comm	comm	NOUN
ftr-323	242	7	.	.	PUNCT
ftr-323	243	1	on	on	ADP
ftr-323	243	2	tax’n	tax’n	NUM
ftr-323	243	3	,	,	PUNCT
ftr-323	243	4	112th	112th	PROPN
ftr-323	243	5	cong	cong	NOUN
ftr-323	243	6	.	.	PROPN
ftr-323	243	7	,	,	PUNCT
ftr-323	243	8	2d	2d	NUM
ftr-323	243	9	sess	sess	NOUN
ftr-323	243	10	.	.	PUNCT
ftr-323	243	11	,	,	PUNCT
ftr-323	243	12	estimates	estimate	NOUN
ftr-323	243	13	of	of	ADP
ftr-323	243	14	federal	federal	ADJ
ftr-323	243	15	tax	tax	NOUN
ftr-323	243	16	expenditures	expenditure	NOUN
ftr-323	243	17	for	for	ADP
ftr-323	243	18	fiscal	fiscal	ADJ
ftr-323	243	19	years	year	NOUN
ftr-323	243	20	2011	2011	NUM
ftr-323	243	21	-	-	SYM
ftr-323	243	22	2015	2015	NUM
ftr-323	243	23	,	,	PUNCT
ftr-323	243	24	32	32	NUM
ftr-323	243	25	(	(	PUNCT
ftr-323	243	26	comm	comm	NOUN
ftr-323	243	27	.	.	PUNCT
ftr-323	244	1	print	print	NOUN
ftr-323	244	2	2012	2012	NUM
ftr-323	244	3	)	)	PUNCT
ftr-323	245	1	[	[	X
ftr-323	245	2	hereinafter	hereinafter	NOUN
ftr-323	245	3	staff	staff	NOUN
ftr-323	245	4	of	of	ADP
ftr-323	245	5	joint	joint	ADJ
ftr-323	245	6	comm	comm	NOUN
ftr-323	245	7	.	.	PUNCT
ftr-323	245	8	,	,	PUNCT
ftr-323	245	9	estimates	estimate	VERB
ftr-323	245	10	]	]	PUNCT
ftr-323	245	11	.	.	PUNCT
ftr-323	246	1	estimates	estimate	NOUN
ftr-323	246	2	of	of	ADP
ftr-323	246	3	tax	tax	NOUN
ftr-323	246	4	expenditures	expenditure	NOUN
ftr-323	246	5	are	be	AUX
ftr-323	246	6	not	not	PART
ftr-323	246	7	equivalent	equivalent	ADJ
ftr-323	246	8	to	to	ADP
ftr-323	246	9	revenue	revenue	NOUN
ftr-323	246	10	estimates	estimate	NOUN
ftr-323	246	11	since	since	SCONJ
ftr-323	246	12	the	the	DET
ftr-323	246	13	former	former	ADJ
ftr-323	246	14	do	do	AUX
ftr-323	246	15	not	not	PART
ftr-323	246	16	take	take	VERB
ftr-323	246	17	into	into	ADP
ftr-323	246	18	account	account	NOUN
ftr-323	246	19	behavioral	behavioral	ADJ
ftr-323	246	20	responses	response	NOUN
ftr-323	246	21	of	of	ADP
ftr-323	246	22	taxpayers	taxpayer	NOUN
ftr-323	246	23	;	;	PUNCT
ftr-323	246	24	however	however	ADV
ftr-323	246	25	,	,	PUNCT
ftr-323	246	26	tax	tax	NOUN
ftr-323	246	27	expenditure	expenditure	NOUN
ftr-323	246	28	estimates	estimate	NOUN
ftr-323	246	29	provide	provide	VERB
ftr-323	246	30	an	an	DET
ftr-323	246	31	indication	indication	NOUN
ftr-323	246	32	of	of	ADP
ftr-323	246	33	the	the	DET
ftr-323	246	34	magnitude	magnitude	NOUN
ftr-323	246	35	of	of	ADP
ftr-323	246	36	the	the	DET
ftr-323	246	37	amounts	amount	NOUN
ftr-323	246	38	involved	involve	VERB
ftr-323	246	39	.	.	PUNCT
ftr-323	247	1	see	see	VERB
ftr-323	247	2	i	i	PRON
ftr-323	247	3	d.	d.	PROPN
ftr-323	247	4	at	at	ADP
ftr-323	247	5	25	25	NUM
ftr-323	247	6	;	;	PUNCT
ftr-323	247	7	staff	staff	NOUN
ftr-323	247	8	http://www.hsgac.senate.gov/download/?id=7b9717af-592f-48be-815b-fd8d38a71663	http://www.hsgac.senate.gov/download/?id=7b9717af-592f-48be-815b-fd8d38a71663	AUX
ftr-323	247	9	http://www.hsgac.senate.gov/download/?id=7b9717af-592f-48be-815b-fd8d38a71663	http://www.hsgac.senate.gov/download/?id=7b9717af-592f-48be-815b-fd8d38a71663	VERB
ftr-323	247	10	410	410	NUM
ftr-323	247	11	florida	florida	PROPN
ftr-323	247	12	tax	tax	NOUN
ftr-323	247	13	review	review	NOUN
ftr-323	248	1	[	[	X
ftr-323	248	2	vol	vol	NOUN
ftr-323	248	3	.	.	PUNCT
ftr-323	249	1	13:8	13:8	NUM
ftr-323	249	2	problems	problem	NOUN
ftr-323	249	3	described	describe	VERB
ftr-323	249	4	above	above	ADV
ftr-323	249	5	,	,	PUNCT
ftr-323	249	6	why	why	SCONJ
ftr-323	249	7	would	would	AUX
ftr-323	249	8	the	the	DET
ftr-323	249	9	united	united	PROPN
ftr-323	249	10	states	states	PROPN
ftr-323	249	11	replace	replace	VERB
ftr-323	249	12	its	its	PRON
ftr-323	249	13	worldwide	worldwide	ADJ
ftr-323	249	14	system	system	NOUN
ftr-323	249	15	with	with	ADP
ftr-323	249	16	an	an	DET
ftr-323	249	17	exemption	exemption	NOUN
ftr-323	249	18	system	system	NOUN
ftr-323	249	19	that	that	PRON
ftr-323	249	20	may	may	AUX
ftr-323	249	21	produce	produce	VERB
ftr-323	249	22	an	an	DET
ftr-323	249	23	even	even	ADV
ftr-323	249	24	greater	great	ADJ
ftr-323	249	25	revenue	revenue	NOUN
ftr-323	249	26	loss	loss	NOUN
ftr-323	249	27	?	?	PUNCT
ftr-323	250	1	one	one	NUM
ftr-323	250	2	response	response	NOUN
ftr-323	250	3	is	be	AUX
ftr-323	250	4	that	that	SCONJ
ftr-323	250	5	a	a	DET
ftr-323	250	6	switch	switch	NOUN
ftr-323	250	7	from	from	ADP
ftr-323	250	8	the	the	DET
ftr-323	250	9	present	present	ADJ
ftr-323	250	10	,	,	PUNCT
ftr-323	250	11	highly	highly	ADV
ftr-323	250	12	flawed	flawed	ADJ
ftr-323	250	13	u.s	u.s	PROPN
ftr-323	250	14	.	.	PROPN
ftr-323	250	15	worldwide	worldwide	ADJ
ftr-323	250	16	system	system	NOUN
ftr-323	250	17	to	to	ADP
ftr-323	250	18	a	a	DET
ftr-323	250	19	principled	principled	ADJ
ftr-323	250	20	exemption	exemption	NOUN
ftr-323	250	21	or	or	CCONJ
ftr-323	250	22	territorial	territorial	ADJ
ftr-323	250	23	system	system	NOUN
ftr-323	250	24	could	could	AUX
ftr-323	250	25	actually	actually	ADV
ftr-323	250	26	result	result	VERB
ftr-323	250	27	in	in	ADP
ftr-323	250	28	a	a	DET
ftr-323	250	29	deficit	deficit	NOUN
ftr-323	250	30	-	-	PUNCT
ftr-323	250	31	reducing	reduce	VERB
ftr-323	250	32	revenue	revenue	NOUN
ftr-323	250	33	gain	gain	NOUN
ftr-323	250	34	.	.	PUNCT
ftr-323	251	1	we	we	PRON
ftr-323	251	2	explain	explain	VERB
ftr-323	251	3	how	how	SCONJ
ftr-323	251	4	in	in	ADP
ftr-323	251	5	the	the	DET
ftr-323	251	6	next	next	ADJ
ftr-323	251	7	section	section	NOUN
ftr-323	251	8	.	.	PUNCT
ftr-323	252	1	c.	c.	NOUN
ftr-323	252	2	gaining	gain	VERB
ftr-323	252	3	revenue	revenue	NOUN
ftr-323	252	4	by	by	ADP
ftr-323	252	5	switching	switch	VERB
ftr-323	252	6	to	to	ADP
ftr-323	252	7	a	a	DET
ftr-323	252	8	zero	zero	NUM
ftr-323	252	9	rate	rate	NOUN
ftr-323	252	10	in	in	ADP
ftr-323	252	11	its	its	PRON
ftr-323	252	12	present	present	ADJ
ftr-323	252	13	form	form	NOUN
ftr-323	252	14	,	,	PUNCT
ftr-323	252	15	the	the	DET
ftr-323	252	16	u.s	u.s	PROPN
ftr-323	252	17	.	.	PROPN
ftr-323	252	18	worldwide	worldwide	ADJ
ftr-323	252	19	system	system	NOUN
ftr-323	252	20	,	,	PUNCT
ftr-323	252	21	degraded	degrade	VERB
ftr-323	252	22	by	by	ADP
ftr-323	252	23	selfinflicted	selfinflicte	VERB
ftr-323	252	24	legislative	legislative	ADJ
ftr-323	252	25	and	and	CCONJ
ftr-323	252	26	regulatory	regulatory	ADJ
ftr-323	252	27	wounds	wound	NOUN
ftr-323	252	28	,	,	PUNCT
ftr-323	252	29	allows	allow	VERB
ftr-323	252	30	u.s	u.s	PROPN
ftr-323	252	31	.	.	PROPN
ftr-323	252	32	multinational	multinational	ADJ
ftr-323	252	33	corporations	corporation	NOUN
ftr-323	252	34	to	to	PART
ftr-323	252	35	exploit	exploit	VERB
ftr-323	252	36	tax	tax	NOUN
ftr-323	252	37	deferral	deferral	NOUN
ftr-323	252	38	,	,	PUNCT
ftr-323	252	39	defective	defective	ADJ
ftr-323	252	40	cost	cost	NOUN
ftr-323	252	41	allocation	allocation	NOUN
ftr-323	252	42	rules	rule	NOUN
ftr-323	252	43	,	,	PUNCT
ftr-323	252	44	loose	loose	ADJ
ftr-323	252	45	transfer	transfer	NOUN
ftr-323	252	46	pricing	pricing	NOUN
ftr-323	252	47	rules	rule	NOUN
ftr-323	252	48	,	,	PUNCT
ftr-323	252	49	cross	cross	ADJ
ftr-323	252	50	-	-	ADJ
ftr-323	252	51	crediting	crediting	ADJ
ftr-323	252	52	,	,	PUNCT
ftr-323	252	53	and	and	CCONJ
ftr-323	252	54	deduction	deduction	NOUN
ftr-323	252	55	of	of	ADP
ftr-323	252	56	overall	overall	ADJ
ftr-323	252	57	foreign	foreign	ADJ
ftr-323	252	58	losses	loss	NOUN
ftr-323	252	59	,	,	PUNCT
ftr-323	252	60	thereby	thereby	ADV
ftr-323	252	61	achieving	achieve	VERB
ftr-323	252	62	more	more	ADV
ftr-323	252	63	favorable	favorable	ADJ
ftr-323	252	64	u.s	u.s	PROPN
ftr-323	252	65	.	.	PROPN
ftr-323	252	66	tax	tax	NOUN
ftr-323	252	67	results	result	NOUN
ftr-323	252	68	than	than	SCONJ
ftr-323	252	69	would	would	AUX
ftr-323	252	70	be	be	AUX
ftr-323	252	71	available	available	ADJ
ftr-323	252	72	under	under	ADP
ftr-323	252	73	a	a	DET
ftr-323	252	74	properly	properly	ADV
ftr-323	252	75	designed	design	VERB
ftr-323	252	76	exemption	exemption	NOUN
ftr-323	252	77	system.39	system.39	NOUN
ftr-323	252	78	thus	thus	ADV
ftr-323	252	79	,	,	PUNCT
ftr-323	252	80	the	the	DET
ftr-323	252	81	u.s	u.s	PROPN
ftr-323	252	82	.	.	PROPN
ftr-323	252	83	treasury	treasury	PROPN
ftr-323	252	84	would	would	AUX
ftr-323	252	85	likely	likely	ADV
ftr-323	252	86	gain	gain	VERB
ftr-323	252	87	revenue	revenue	NOUN
ftr-323	252	88	by	by	ADP
ftr-323	252	89	switching	switch	VERB
ftr-323	252	90	to	to	ADP
ftr-323	252	91	a	a	DET
ftr-323	252	92	principled	principled	ADJ
ftr-323	252	93	exemption	exemption	NOUN
ftr-323	252	94	system.40	system.40	NOUN
ftr-323	252	95	indeed	indeed	ADV
ftr-323	252	96	,	,	PUNCT
ftr-323	252	97	in	in	ADP
ftr-323	252	98	2005	2005	NUM
ftr-323	252	99	,	,	PUNCT
ftr-323	252	100	the	the	DET
ftr-323	252	101	staff	staff	NOUN
ftr-323	252	102	of	of	ADP
ftr-323	252	103	the	the	DET
ftr-323	252	104	joint	joint	ADJ
ftr-323	252	105	committee	committee	NOUN
ftr-323	252	106	on	on	ADP
ftr-323	252	107	taxation	taxation	NOUN
ftr-323	252	108	of	of	ADP
ftr-323	252	109	joint	joint	ADJ
ftr-323	252	110	comm	comm	NOUN
ftr-323	252	111	.	.	PUNCT
ftr-323	253	1	on	on	ADP
ftr-323	253	2	tax’n	tax’n	NUM
ftr-323	253	3	,	,	PUNCT
ftr-323	253	4	jcx-46	jcx-46	PROPN
ftr-323	253	5	-	-	ADJ
ftr-323	253	6	11	11	NUM
ftr-323	253	7	,	,	PUNCT
ftr-323	253	8	summary	summary	NOUN
ftr-323	253	9	of	of	ADP
ftr-323	253	10	economic	economic	ADJ
ftr-323	253	11	models	model	NOUN
ftr-323	253	12	and	and	CCONJ
ftr-323	253	13	estimating	estimate	VERB
ftr-323	253	14	practices	practice	NOUN
ftr-323	253	15	of	of	ADP
ftr-323	253	16	the	the	DET
ftr-323	253	17	staff	staff	NOUN
ftr-323	253	18	of	of	ADP
ftr-323	253	19	the	the	DET
ftr-323	253	20	joint	joint	ADJ
ftr-323	253	21	committee	committee	NOUN
ftr-323	253	22	on	on	ADP
ftr-323	253	23	taxation	taxation	NOUN
ftr-323	253	24	3	3	NUM
ftr-323	253	25	(	(	PUNCT
ftr-323	253	26	2011	2011	NUM
ftr-323	253	27	)	)	PUNCT
ftr-323	253	28	.	.	PUNCT
ftr-323	254	1	39	39	NUM
ftr-323	254	2	.	.	PUNCT
ftr-323	255	1	see	see	VERB
ftr-323	255	2	fleming	fleming	PROPN
ftr-323	255	3	,	,	PUNCT
ftr-323	255	4	peroni	peroni	PROPN
ftr-323	255	5	&	&	CCONJ
ftr-323	255	6	shay	shay	PROPN
ftr-323	255	7	,	,	PUNCT
ftr-323	255	8	worse	bad	ADJ
ftr-323	255	9	than	than	ADP
ftr-323	255	10	exemption	exemption	NOUN
ftr-323	255	11	,	,	PUNCT
ftr-323	255	12	supra	supra	PROPN
ftr-323	255	13	note	note	NOUN
ftr-323	255	14	4	4	NUM
ftr-323	255	15	.	.	PUNCT
ftr-323	256	1	the	the	DET
ftr-323	256	2	active	active	ADJ
ftr-323	256	3	finance	finance	NOUN
ftr-323	256	4	and	and	CCONJ
ftr-323	256	5	active	active	ADJ
ftr-323	256	6	insurance	insurance	NOUN
ftr-323	256	7	exceptions	exception	NOUN
ftr-323	256	8	of	of	ADP
ftr-323	256	9	section	section	NOUN
ftr-323	256	10	954(h	954(h	PROPN
ftr-323	256	11	)	)	PUNCT
ftr-323	256	12	and	and	CCONJ
ftr-323	256	13	(	(	PUNCT
ftr-323	256	14	i	i	NOUN
ftr-323	256	15	)	)	PUNCT
ftr-323	256	16	,	,	PUNCT
ftr-323	256	17	the	the	DET
ftr-323	256	18	lookthrough	lookthrough	ADJ
ftr-323	256	19	exception	exception	NOUN
ftr-323	256	20	of	of	ADP
ftr-323	256	21	section	section	NOUN
ftr-323	256	22	954(c)(6	954(c)(6	NUM
ftr-323	256	23	)	)	PUNCT
ftr-323	256	24	,	,	PUNCT
ftr-323	256	25	the	the	DET
ftr-323	256	26	regulatory	regulatory	ADJ
ftr-323	256	27	adoption	adoption	NOUN
ftr-323	256	28	of	of	ADP
ftr-323	256	29	check	check	NOUN
ftr-323	256	30	-	-	PUNCT
ftr-323	256	31	the	the	DET
ftr-323	256	32	-	-	PUNCT
ftr-323	256	33	box	box	NOUN
ftr-323	256	34	entity	entity	NOUN
ftr-323	256	35	classification	classification	NOUN
ftr-323	256	36	rules	rule	NOUN
ftr-323	256	37	in	in	ADP
ftr-323	256	38	1996	1996	NUM
ftr-323	256	39	,	,	PUNCT
ftr-323	256	40	the	the	DET
ftr-323	256	41	reduction	reduction	NOUN
ftr-323	256	42	in	in	ADP
ftr-323	256	43	scope	scope	NOUN
ftr-323	256	44	for	for	ADP
ftr-323	256	45	foreign	foreign	ADJ
ftr-323	256	46	base	base	NOUN
ftr-323	256	47	company	company	NOUN
ftr-323	256	48	services	service	NOUN
ftr-323	256	49	income	income	NOUN
ftr-323	256	50	in	in	ADP
ftr-323	256	51	notice	notice	NOUN
ftr-323	256	52	2007	2007	NUM
ftr-323	256	53	-	-	SYM
ftr-323	256	54	13	13	NUM
ftr-323	256	55	,	,	PUNCT
ftr-323	256	56	2007	2007	NUM
ftr-323	256	57	-	-	SYM
ftr-323	256	58	1	1	NUM
ftr-323	256	59	c.b	c.b	PROPN
ftr-323	256	60	.	.	PROPN
ftr-323	256	61	410	410	NUM
ftr-323	256	62	,	,	PUNCT
ftr-323	256	63	and	and	CCONJ
ftr-323	256	64	the	the	DET
ftr-323	256	65	contract	contract	NOUN
ftr-323	256	66	manufacturing	manufacturing	NOUN
ftr-323	256	67	regulations	regulation	NOUN
ftr-323	256	68	adopted	adopt	VERB
ftr-323	256	69	in	in	ADP
ftr-323	256	70	2008	2008	NUM
ftr-323	256	71	are	be	AUX
ftr-323	256	72	examples	example	NOUN
ftr-323	256	73	of	of	ADP
ftr-323	256	74	legislative	legislative	ADJ
ftr-323	256	75	,	,	PUNCT
ftr-323	256	76	regulatory	regulatory	ADJ
ftr-323	256	77	,	,	PUNCT
ftr-323	256	78	and	and	CCONJ
ftr-323	256	79	administrative	administrative	ADJ
ftr-323	256	80	developments	development	NOUN
ftr-323	256	81	limiting	limit	VERB
ftr-323	256	82	the	the	DET
ftr-323	256	83	scope	scope	NOUN
ftr-323	256	84	of	of	ADP
ftr-323	256	85	the	the	DET
ftr-323	256	86	anti	anti	ADJ
ftr-323	256	87	-	-	ADJ
ftr-323	256	88	deferral	deferral	ADJ
ftr-323	256	89	rules	rule	NOUN
ftr-323	256	90	of	of	ADP
ftr-323	256	91	current	current	ADJ
ftr-323	256	92	law	law	NOUN
ftr-323	256	93	.	.	PUNCT
ftr-323	257	1	40	40	NUM
ftr-323	257	2	.	.	PUNCT
ftr-323	258	1	see	see	VERB
ftr-323	258	2	cong	cong	NOUN
ftr-323	258	3	.	.	PUNCT
ftr-323	259	1	budget	budget	NOUN
ftr-323	259	2	office	office	NOUN
ftr-323	259	3	,	,	PUNCT
ftr-323	259	4	reducing	reduce	VERB
ftr-323	259	5	the	the	DET
ftr-323	259	6	deficit	deficit	NOUN
ftr-323	259	7	:	:	PUNCT
ftr-323	259	8	spending	spending	NOUN
ftr-323	259	9	and	and	CCONJ
ftr-323	259	10	revenue	revenue	NOUN
ftr-323	259	11	options	option	NOUN
ftr-323	259	12	187	187	NUM
ftr-323	259	13	(	(	PUNCT
ftr-323	259	14	mar	mar	PROPN
ftr-323	259	15	.	.	PROPN
ftr-323	259	16	2011	2011	NUM
ftr-323	259	17	)	)	PUNCT
ftr-323	259	18	(	(	PUNCT
ftr-323	259	19	calculating	calculate	VERB
ftr-323	259	20	a	a	DET
ftr-323	259	21	$	$	SYM
ftr-323	259	22	76.2	76.2	NUM
ftr-323	259	23	billion	billion	NUM
ftr-323	259	24	revenue	revenue	NOUN
ftr-323	259	25	gain	gain	NOUN
ftr-323	259	26	for	for	ADP
ftr-323	259	27	the	the	DET
ftr-323	259	28	2012	2012	NUM
ftr-323	259	29	-	-	SYM
ftr-323	259	30	2021	2021	NUM
ftr-323	259	31	period	period	NOUN
ftr-323	259	32	from	from	ADP
ftr-323	259	33	adoption	adoption	NOUN
ftr-323	259	34	of	of	ADP
ftr-323	259	35	a	a	DET
ftr-323	259	36	well	well	ADV
ftr-323	259	37	-	-	PUNCT
ftr-323	259	38	designed	design	VERB
ftr-323	259	39	territorial	territorial	ADJ
ftr-323	259	40	system	system	NOUN
ftr-323	259	41	)	)	PUNCT
ftr-323	259	42	;	;	PUNCT
ftr-323	259	43	u.s	u.s	PROPN
ftr-323	259	44	.	.	PROPN
ftr-323	259	45	dep’t	dep’t	NOUN
ftr-323	259	46	of	of	ADP
ftr-323	259	47	the	the	DET
ftr-323	259	48	treas	treas	PROPN
ftr-323	259	49	.	.	PUNCT
ftr-323	259	50	,	,	PUNCT
ftr-323	259	51	approaches	approach	VERB
ftr-323	259	52	to	to	PART
ftr-323	259	53	improve	improve	VERB
ftr-323	259	54	the	the	DET
ftr-323	259	55	competitiveness	competitiveness	NOUN
ftr-323	259	56	of	of	ADP
ftr-323	259	57	the	the	DET
ftr-323	259	58	u.s	u.s	PROPN
ftr-323	259	59	.	.	PROPN
ftr-323	259	60	business	business	NOUN
ftr-323	259	61	tax	tax	NOUN
ftr-323	259	62	system	system	NOUN
ftr-323	259	63	for	for	ADP
ftr-323	259	64	the	the	DET
ftr-323	259	65	21st	21st	ADJ
ftr-323	259	66	century	century	NOUN
ftr-323	259	67	58	58	NUM
ftr-323	259	68	(	(	PUNCT
ftr-323	259	69	2007	2007	NUM
ftr-323	259	70	)	)	PUNCT
ftr-323	260	1	[	[	X
ftr-323	260	2	hereinafter	hereinafter	NOUN
ftr-323	260	3	u.s	u.s	PROPN
ftr-323	260	4	.	.	PROPN
ftr-323	260	5	treas	treas	PROPN
ftr-323	260	6	.	.	PUNCT
ftr-323	260	7	dep’t	dep’t	PROPN
ftr-323	260	8	,	,	PUNCT
ftr-323	260	9	approaches	approach	VERB
ftr-323	260	10	]	]	PUNCT
ftr-323	260	11	,	,	PUNCT
ftr-323	260	12	http://www.treasury.gov/resource-center/tax-policy/	http://www.treasury.gov/resource-center/tax-policy/	PROPN
ftr-323	260	13	documents	document	NOUN
ftr-323	260	14	/	/	SYM
ftr-323	260	15	approaches	approach	NOUN
ftr-323	260	16	-	-	PUNCT
ftr-323	260	17	to	to	AUX
ftr-323	260	18	-	-	PUNCT
ftr-323	260	19	improve	improve	VERB
ftr-323	260	20	-	-	PUNCT
ftr-323	260	21	business	business	NOUN
ftr-323	260	22	-	-	PUNCT
ftr-323	260	23	tax	tax	NOUN
ftr-323	260	24	-	-	PUNCT
ftr-323	260	25	competitiveness-12	competitiveness-12	NOUN
ftr-323	260	26	-	-	PUNCT
ftr-323	260	27	20	20	NUM
ftr-323	260	28	-	-	PUNCT
ftr-323	260	29	2007.pdf	2007.pdf	NOUN
ftr-323	260	30	(	(	PUNCT
ftr-323	260	31	supporting	support	VERB
ftr-323	260	32	the	the	DET
ftr-323	260	33	proposition	proposition	NOUN
ftr-323	260	34	that	that	SCONJ
ftr-323	260	35	replacing	replace	VERB
ftr-323	260	36	the	the	DET
ftr-323	260	37	current	current	ADJ
ftr-323	260	38	system	system	NOUN
ftr-323	260	39	with	with	ADP
ftr-323	260	40	an	an	DET
ftr-323	260	41	exemption	exemption	NOUN
ftr-323	260	42	system	system	NOUN
ftr-323	260	43	would	would	AUX
ftr-323	260	44	increase	increase	VERB
ftr-323	260	45	revenue	revenue	NOUN
ftr-323	260	46	by	by	ADP
ftr-323	260	47	approximately	approximately	ADV
ftr-323	260	48	$	$	SYM
ftr-323	260	49	40	40	NUM
ftr-323	260	50	billion	billion	NUM
ftr-323	260	51	over	over	ADP
ftr-323	260	52	10	10	NUM
ftr-323	260	53	years	year	NOUN
ftr-323	260	54	)	)	PUNCT
ftr-323	260	55	;	;	PUNCT
ftr-323	260	56	rosanne	rosanne	PROPN
ftr-323	260	57	altshuler	altshuler	PROPN
ftr-323	260	58	&	&	CCONJ
ftr-323	260	59	harry	harry	PROPN
ftr-323	260	60	grubert	grubert	PROPN
ftr-323	260	61	,	,	PUNCT
ftr-323	260	62	where	where	SCONJ
ftr-323	260	63	will	will	AUX
ftr-323	260	64	they	they	PRON
ftr-323	260	65	go	go	VERB
ftr-323	260	66	if	if	SCONJ
ftr-323	260	67	we	we	PRON
ftr-323	260	68	go	go	VERB
ftr-323	260	69	territorial	territorial	ADJ
ftr-323	260	70	?	?	PUNCT
ftr-323	261	1	dividend	dividend	NOUN
ftr-323	261	2	exemption	exemption	NOUN
ftr-323	261	3	and	and	CCONJ
ftr-323	261	4	the	the	DET
ftr-323	261	5	location	location	NOUN
ftr-323	261	6	decisions	decision	NOUN
ftr-323	261	7	of	of	ADP
ftr-323	261	8	u.s	u.s	PROPN
ftr-323	261	9	.	.	PROPN
ftr-323	261	10	multinational	multinational	ADJ
ftr-323	261	11	corporations	corporation	NOUN
ftr-323	261	12	,	,	PUNCT
ftr-323	261	13	54	54	NUM
ftr-323	261	14	nat’l	nat’l	NOUN
ftr-323	261	15	tax	tax	NOUN
ftr-323	261	16	j.	j.	PROPN
ftr-323	261	17	787	787	NUM
ftr-323	261	18	,	,	PUNCT
ftr-323	261	19	798	798	NUM
ftr-323	261	20	(	(	PUNCT
ftr-323	261	21	2001	2001	NUM
ftr-323	261	22	)	)	PUNCT
ftr-323	261	23	(	(	PUNCT
ftr-323	261	24	“	"	PUNCT
ftr-323	261	25	[	[	PUNCT
ftr-323	261	26	f]or	f]or	VERB
ftr-323	261	27	the	the	DET
ftr-323	261	28	typical	typical	ADJ
ftr-323	261	29	investment	investment	NOUN
ftr-323	261	30	in	in	ADP
ftr-323	261	31	a	a	DET
ftr-323	261	32	low	low	ADJ
ftr-323	261	33	-	-	PUNCT
ftr-323	261	34	tax	tax	NOUN
ftr-323	261	35	country	country	NOUN
ftr-323	261	36	abroad	abroad	ADV
ftr-323	261	37	,	,	PUNCT
ftr-323	261	38	dividend	dividend	NOUN
ftr-323	261	39	exemption	exemption	NOUN
ftr-323	261	40	with	with	ADP
ftr-323	261	41	expense	expense	NOUN
ftr-323	261	42	allocations	allocation	NOUN
ftr-323	261	43	is	be	AUX
ftr-323	261	44	likely	likely	ADJ
ftr-323	261	45	to	to	PART
ftr-323	261	46	increase	increase	VERB
ftr-323	261	47	effective	effective	ADJ
ftr-323	261	48	tax	tax	NOUN
ftr-323	261	49	rates	rate	NOUN
ftr-323	261	50	relative	relative	ADJ
ftr-323	261	51	to	to	ADP
ftr-323	261	52	the	the	DET
ftr-323	261	53	current	current	ADJ
ftr-323	261	54	system	system	NOUN
ftr-323	261	55	.	.	PUNCT
ftr-323	261	56	”	"	PUNCT
ftr-323	261	57	)	)	PUNCT
ftr-323	261	58	;	;	PUNCT
ftr-323	262	1	harry	harry	PROPN
ftr-323	262	2	grubert	grubert	PROPN
ftr-323	262	3	,	,	PUNCT
ftr-323	262	4	enacting	enact	VERB
ftr-323	262	5	dividend	dividend	NOUN
ftr-323	262	6	exemption	exemption	NOUN
ftr-323	262	7	and	and	CCONJ
ftr-323	262	8	tax	tax	NOUN
ftr-323	262	9	revenue	revenue	NOUN
ftr-323	262	10	,	,	PUNCT
ftr-323	262	11	54	54	NUM
ftr-323	262	12	nat’l	nat’l	NOUN
ftr-323	262	13	tax	tax	NOUN
ftr-323	262	14	j.	j.	PROPN
ftr-323	262	15	811	811	NUM
ftr-323	262	16	,	,	PUNCT
ftr-323	262	17	816	816	NUM
ftr-323	262	18	(	(	PUNCT
ftr-323	262	19	2001	2001	NUM
ftr-323	262	20	)	)	PUNCT
ftr-323	263	1	[	[	X
ftr-323	263	2	hereinafter	hereinafter	NOUN
ftr-323	263	3	grubert	grubert	NOUN
ftr-323	263	4	,	,	PUNCT
ftr-323	263	5	enacting	enact	VERB
ftr-323	263	6	dividend	dividend	NOUN
ftr-323	263	7	exemption	exemption	NOUN
ftr-323	263	8	]	]	PUNCT
ftr-323	263	9	(	(	PUNCT
ftr-323	263	10	calculating	calculate	VERB
ftr-323	263	11	static	static	ADJ
ftr-323	263	12	revenue	revenue	NOUN
ftr-323	263	13	gain	gain	NOUN
ftr-323	263	14	of	of	ADP
ftr-323	263	15	$	$	SYM
ftr-323	263	16	9.7	9.7	NUM
ftr-323	263	17	billion	billion	NUM
ftr-323	263	18	in	in	ADP
ftr-323	263	19	1996	1996	NUM
ftr-323	263	20	if	if	SCONJ
ftr-323	263	21	the	the	DET
ftr-323	263	22	united	united	PROPN
ftr-323	263	23	states	states	PROPN
ftr-323	263	24	had	have	AUX
ftr-323	263	25	used	use	VERB
ftr-323	263	26	a	a	DET
ftr-323	263	27	principled	principled	ADJ
ftr-323	263	28	exemption	exemption	NOUN
ftr-323	263	29	system	system	NOUN
ftr-323	263	30	in	in	ADP
ftr-323	263	31	that	that	DET
ftr-323	263	32	year	year	NOUN
ftr-323	263	33	)	)	PUNCT
ftr-323	263	34	;	;	PUNCT
ftr-323	263	35	2012	2012	NUM
ftr-323	263	36	]	]	PUNCT
ftr-323	263	37	exemption	exemption	NOUN
ftr-323	263	38	when	when	SCONJ
ftr-323	263	39	the	the	DET
ftr-323	263	40	treasury	treasury	NOUN
ftr-323	263	41	is	be	AUX
ftr-323	263	42	empty	empty	ADJ
ftr-323	263	43	411	411	NUM
ftr-323	263	44	estimated	estimate	VERB
ftr-323	263	45	that	that	SCONJ
ftr-323	263	46	replacing	replace	VERB
ftr-323	263	47	the	the	DET
ftr-323	263	48	highly	highly	ADV
ftr-323	263	49	defective	defective	ADJ
ftr-323	263	50	u.s	u.s	PROPN
ftr-323	263	51	.	.	PROPN
ftr-323	263	52	worldwide	worldwide	ADJ
ftr-323	263	53	system	system	NOUN
ftr-323	263	54	with	with	ADP
ftr-323	263	55	a	a	DET
ftr-323	263	56	proposed	propose	VERB
ftr-323	263	57	exemption	exemption	NOUN
ftr-323	263	58	system	system	NOUN
ftr-323	263	59	that	that	PRON
ftr-323	263	60	was	be	AUX
ftr-323	263	61	principled	principle	VERB
ftr-323	263	62	and	and	CCONJ
ftr-323	263	63	theoretically	theoretically	ADV
ftr-323	263	64	correct	correct	ADJ
ftr-323	263	65	would	would	AUX
ftr-323	263	66	produce	produce	VERB
ftr-323	263	67	a	a	DET
ftr-323	263	68	$	$	SYM
ftr-323	263	69	54.8	54.8	NUM
ftr-323	263	70	billion	billion	NUM
ftr-323	263	71	revenue	revenue	NOUN
ftr-323	263	72	gain	gain	NOUN
ftr-323	263	73	over	over	ADP
ftr-323	263	74	the	the	DET
ftr-323	263	75	fiscal	fiscal	ADJ
ftr-323	263	76	years	year	NOUN
ftr-323	263	77	2005	2005	NUM
ftr-323	263	78	-	-	SYM
ftr-323	263	79	2014	2014	NUM
ftr-323	263	80	period.41	period.41	NOUN
ftr-323	263	81	by	by	ADP
ftr-323	263	82	contrast	contrast	NOUN
ftr-323	263	83	,	,	PUNCT
ftr-323	263	84	an	an	DET
ftr-323	263	85	unprincipled	unprincipled	ADJ
ftr-323	263	86	exemption	exemption	NOUN
ftr-323	263	87	system	system	NOUN
ftr-323	263	88	would	would	AUX
ftr-323	263	89	lose	lose	VERB
ftr-323	263	90	substantial	substantial	ADJ
ftr-323	263	91	revenue.42	revenue.42	NOUN
ftr-323	263	92	in	in	ADP
ftr-323	263	93	the	the	DET
ftr-323	263	94	context	context	NOUN
ftr-323	263	95	of	of	ADP
ftr-323	263	96	the	the	DET
ftr-323	263	97	u.s	u.s	PROPN
ftr-323	263	98	.	.	PROPN
ftr-323	263	99	financial	financial	ADJ
ftr-323	263	100	needs	need	NOUN
ftr-323	263	101	described	describe	VERB
ftr-323	263	102	above	above	ADV
ftr-323	263	103	,	,	PUNCT
ftr-323	263	104	the	the	DET
ftr-323	263	105	prospect	prospect	NOUN
ftr-323	263	106	of	of	ADP
ftr-323	263	107	a	a	DET
ftr-323	263	108	revenue	revenue	NOUN
ftr-323	263	109	gain	gain	NOUN
ftr-323	263	110	from	from	ADP
ftr-323	263	111	switching	switch	VERB
ftr-323	263	112	to	to	ADP
ftr-323	263	113	an	an	DET
ftr-323	263	114	exemption	exemption	NOUN
ftr-323	263	115	or	or	CCONJ
ftr-323	263	116	territorial	territorial	ADJ
ftr-323	263	117	system	system	NOUN
ftr-323	263	118	is	be	AUX
ftr-323	263	119	undeniably	undeniably	ADV
ftr-323	263	120	attractive.43	attractive.43	PROPN
ftr-323	263	121	d.	d.	PROPN
ftr-323	263	122	goodbye	goodbye	NOUN
ftr-323	263	123	to	to	ADP
ftr-323	263	124	the	the	DET
ftr-323	263	125	revenue	revenue	NOUN
ftr-323	263	126	gain	gain	NOUN
ftr-323	263	127	but	but	CCONJ
ftr-323	263	128	there	there	PRON
ftr-323	263	129	will	will	AUX
ftr-323	263	130	be	be	AUX
ftr-323	263	131	no	no	DET
ftr-323	263	132	significant	significant	ADJ
ftr-323	263	133	revenue	revenue	NOUN
ftr-323	263	134	gain	gain	NOUN
ftr-323	263	135	from	from	ADP
ftr-323	263	136	replacing	replace	VERB
ftr-323	263	137	the	the	DET
ftr-323	263	138	current	current	ADJ
ftr-323	263	139	u.s	u.s	PROPN
ftr-323	263	140	.	.	PROPN
ftr-323	263	141	worldwide	worldwide	ADJ
ftr-323	263	142	system	system	NOUN
ftr-323	263	143	with	with	ADP
ftr-323	263	144	an	an	DET
ftr-323	263	145	exemption	exemption	NOUN
ftr-323	263	146	or	or	CCONJ
ftr-323	263	147	territorial	territorial	ADJ
ftr-323	263	148	regime	regime	NOUN
ftr-323	263	149	unless	unless	SCONJ
ftr-323	263	150	the	the	DET
ftr-323	263	151	latter	latter	NOUN
ftr-323	263	152	is	be	AUX
ftr-323	263	153	correctly	correctly	ADV
ftr-323	263	154	structured	structure	VERB
ftr-323	263	155	.	.	PUNCT
ftr-323	264	1	an	an	DET
ftr-323	264	2	exemption	exemption	NOUN
ftr-323	264	3	system	system	NOUN
ftr-323	264	4	that	that	PRON
ftr-323	264	5	perpetuates	perpetuate	VERB
ftr-323	264	6	existing	exist	VERB
ftr-323	264	7	defects	defect	NOUN
ftr-323	264	8	would	would	AUX
ftr-323	264	9	not	not	PART
ftr-323	264	10	help	help	VERB
ftr-323	264	11	the	the	DET
ftr-323	264	12	united	united	PROPN
ftr-323	264	13	states	states	PROPN
ftr-323	264	14	climb	climb	VERB
ftr-323	264	15	out	out	ADP
ftr-323	264	16	of	of	ADP
ftr-323	264	17	its	its	PRON
ftr-323	264	18	fiscal	fiscal	ADJ
ftr-323	264	19	hole	hole	NOUN
ftr-323	264	20	,	,	PUNCT
ftr-323	264	21	and	and	CCONJ
ftr-323	264	22	the	the	DET
ftr-323	264	23	adoption	adoption	NOUN
ftr-323	264	24	of	of	ADP
ftr-323	264	25	a	a	DET
ftr-323	264	26	defective	defective	ADJ
ftr-323	264	27	system	system	NOUN
ftr-323	264	28	would	would	AUX
ftr-323	264	29	represent	represent	VERB
ftr-323	264	30	the	the	DET
ftr-323	264	31	loss	loss	NOUN
ftr-323	264	32	of	of	ADP
ftr-323	264	33	an	an	DET
ftr-323	264	34	opportunity	opportunity	NOUN
ftr-323	264	35	for	for	SCONJ
ftr-323	264	36	the	the	DET
ftr-323	264	37	united	united	PROPN
ftr-323	264	38	states	states	PROPN
ftr-323	264	39	to	to	PART
ftr-323	264	40	make	make	VERB
ftr-323	264	41	progress	progress	NOUN
ftr-323	264	42	towards	towards	ADP
ftr-323	264	43	a	a	DET
ftr-323	264	44	sustainable	sustainable	ADJ
ftr-323	264	45	fiscal	fiscal	ADJ
ftr-323	264	46	path	path	NOUN
ftr-323	264	47	.	.	PUNCT
ftr-323	265	1	thus	thus	ADV
ftr-323	265	2	,	,	PUNCT
ftr-323	265	3	congress	congress	PROPN
ftr-323	265	4	should	should	AUX
ftr-323	265	5	resist	resist	VERB
ftr-323	265	6	revenue	revenue	NOUN
ftr-323	265	7	-	-	PUNCT
ftr-323	265	8	losing	lose	VERB
ftr-323	265	9	departures	departure	NOUN
ftr-323	265	10	from	from	ADP
ftr-323	265	11	a	a	DET
ftr-323	265	12	principled	principled	ADJ
ftr-323	265	13	exemption	exemption	NOUN
ftr-323	265	14	system	system	NOUN
ftr-323	265	15	,	,	PUNCT
ftr-323	265	16	except	except	SCONJ
ftr-323	265	17	to	to	ADP
ftr-323	265	18	the	the	DET
ftr-323	265	19	extent	extent	NOUN
ftr-323	265	20	that	that	SCONJ
ftr-323	265	21	a	a	DET
ftr-323	265	22	departure	departure	NOUN
ftr-323	265	23	can	can	AUX
ftr-323	265	24	pass	pass	VERB
ftr-323	265	25	a	a	DET
ftr-323	265	26	edward	edward	PROPN
ftr-323	265	27	d.	d.	PROPN
ftr-323	265	28	kleinbard	kleinbard	PROPN
ftr-323	265	29	,	,	PUNCT
ftr-323	265	30	stateless	stateless	NOUN
ftr-323	265	31	income	income	NOUN
ftr-323	265	32	,	,	PUNCT
ftr-323	265	33	11	11	NUM
ftr-323	265	34	fla	fla	NOUN
ftr-323	265	35	.	.	PUNCT
ftr-323	266	1	tax	tax	PROPN
ftr-323	266	2	rev	rev	PROPN
ftr-323	266	3	.	.	PROPN
ftr-323	266	4	699	699	NUM
ftr-323	266	5	,	,	PUNCT
ftr-323	266	6	722–23	722–23	PROPN
ftr-323	266	7	(	(	PUNCT
ftr-323	266	8	2011	2011	NUM
ftr-323	266	9	)	)	PUNCT
ftr-323	267	1	[	[	X
ftr-323	267	2	hereinafter	hereinafter	NOUN
ftr-323	267	3	kleinbard	kleinbard	NOUN
ftr-323	267	4	,	,	PUNCT
ftr-323	267	5	stateless	stateless	NOUN
ftr-323	267	6	income	income	NOUN
ftr-323	267	7	]	]	PUNCT
ftr-323	267	8	(	(	PUNCT
ftr-323	267	9	calculating	calculate	VERB
ftr-323	267	10	that	that	SCONJ
ftr-323	267	11	if	if	SCONJ
ftr-323	267	12	the	the	DET
ftr-323	267	13	united	united	PROPN
ftr-323	267	14	states	states	PROPN
ftr-323	267	15	had	have	AUX
ftr-323	267	16	employed	employ	VERB
ftr-323	267	17	a	a	DET
ftr-323	267	18	well	well	ADV
ftr-323	267	19	-	-	PUNCT
ftr-323	267	20	designed	design	VERB
ftr-323	267	21	territorial	territorial	ADJ
ftr-323	267	22	system	system	NOUN
ftr-323	267	23	,	,	PUNCT
ftr-323	267	24	it	it	PRON
ftr-323	267	25	would	would	AUX
ftr-323	267	26	have	have	AUX
ftr-323	267	27	collected	collect	VERB
ftr-323	267	28	approximately	approximately	ADV
ftr-323	267	29	$	$	SYM
ftr-323	267	30	6.6	6.6	NUM
ftr-323	267	31	billion	billion	NUM
ftr-323	267	32	more	more	ADJ
ftr-323	267	33	revenue	revenue	NOUN
ftr-323	267	34	in	in	ADP
ftr-323	267	35	2004	2004	NUM
ftr-323	267	36	than	than	SCONJ
ftr-323	267	37	it	it	PRON
ftr-323	267	38	actually	actually	ADV
ftr-323	267	39	collected	collect	VERB
ftr-323	267	40	under	under	ADP
ftr-323	267	41	the	the	DET
ftr-323	267	42	defective	defective	ADJ
ftr-323	267	43	u.s	u.s	PROPN
ftr-323	267	44	.	.	PROPN
ftr-323	267	45	worldwide	worldwide	ADJ
ftr-323	267	46	system	system	NOUN
ftr-323	267	47	)	)	PUNCT
ftr-323	267	48	.	.	PUNCT
ftr-323	268	1	41	41	NUM
ftr-323	268	2	.	.	PUNCT
ftr-323	269	1	for	for	ADP
ftr-323	269	2	explanation	explanation	NOUN
ftr-323	269	3	of	of	ADP
ftr-323	269	4	the	the	DET
ftr-323	269	5	joint	joint	ADJ
ftr-323	269	6	committee	committee	NOUN
ftr-323	269	7	staff	staff	NOUN
ftr-323	269	8	’s	’s	PART
ftr-323	269	9	exemption	exemption	NOUN
ftr-323	269	10	proposal	proposal	NOUN
ftr-323	269	11	,	,	PUNCT
ftr-323	269	12	see	see	VERB
ftr-323	269	13	staff	staff	NOUN
ftr-323	269	14	of	of	ADP
ftr-323	269	15	joint	joint	ADJ
ftr-323	269	16	comm	comm	NOUN
ftr-323	269	17	.	.	PUNCT
ftr-323	270	1	on	on	ADP
ftr-323	270	2	tax’n	tax’n	NUM
ftr-323	270	3	,	,	PUNCT
ftr-323	270	4	jcs-02	jcs-02	PROPN
ftr-323	270	5	-	-	PUNCT
ftr-323	270	6	05	05	NUM
ftr-323	270	7	,	,	PUNCT
ftr-323	270	8	options	option	NOUN
ftr-323	270	9	to	to	PART
ftr-323	270	10	improve	improve	VERB
ftr-323	270	11	tax	tax	NOUN
ftr-323	270	12	compliance	compliance	NOUN
ftr-323	270	13	and	and	CCONJ
ftr-323	270	14	reform	reform	NOUN
ftr-323	270	15	tax	tax	NOUN
ftr-323	270	16	expenditures	expenditure	NOUN
ftr-323	270	17	189–96	189–96	NOUN
ftr-323	270	18	(	(	PUNCT
ftr-323	270	19	2005	2005	NUM
ftr-323	270	20	)	)	PUNCT
ftr-323	271	1	[	[	X
ftr-323	271	2	hereinafter	hereinafter	NOUN
ftr-323	271	3	staff	staff	NOUN
ftr-323	271	4	of	of	ADP
ftr-323	271	5	joint	joint	ADJ
ftr-323	271	6	comm	comm	NOUN
ftr-323	271	7	.	.	PUNCT
ftr-323	271	8	,	,	PUNCT
ftr-323	271	9	options	option	NOUN
ftr-323	271	10	]	]	PUNCT
ftr-323	271	11	.	.	PUNCT
ftr-323	272	1	for	for	ADP
ftr-323	272	2	the	the	DET
ftr-323	272	3	revenue	revenue	NOUN
ftr-323	272	4	estimate	estimate	NOUN
ftr-323	272	5	,	,	PUNCT
ftr-323	272	6	see	see	VERB
ftr-323	272	7	i	i	PRON
ftr-323	272	8	d.	d.	PROPN
ftr-323	272	9	at	at	ADP
ftr-323	272	10	427	427	NUM
ftr-323	272	11	.	.	PUNCT
ftr-323	273	1	42	42	NUM
ftr-323	273	2	.	.	PUNCT
ftr-323	274	1	see	see	VERB
ftr-323	274	2	the	the	DET
ftr-323	274	3	president	president	NOUN
ftr-323	274	4	’s	’s	PART
ftr-323	274	5	econ	econ	PROPN
ftr-323	274	6	.	.	PUNCT
ftr-323	275	1	recovery	recovery	PROPN
ftr-323	275	2	advisory	advisory	PROPN
ftr-323	275	3	bd	bd	PROPN
ftr-323	275	4	.	.	PROPN
ftr-323	275	5	,	,	PUNCT
ftr-323	275	6	the	the	DET
ftr-323	275	7	report	report	NOUN
ftr-323	275	8	on	on	ADP
ftr-323	275	9	tax	tax	NOUN
ftr-323	275	10	reform	reform	NOUN
ftr-323	275	11	options	option	NOUN
ftr-323	275	12	90	90	NUM
ftr-323	275	13	(	(	PUNCT
ftr-323	275	14	aug	aug	PROPN
ftr-323	275	15	.	.	PROPN
ftr-323	275	16	2010	2010	NUM
ftr-323	275	17	)	)	PUNCT
ftr-323	275	18	(	(	PUNCT
ftr-323	275	19	“	"	PUNCT
ftr-323	275	20	according	accord	VERB
ftr-323	275	21	to	to	ADP
ftr-323	275	22	rough	rough	ADJ
ftr-323	275	23	estimates	estimate	NOUN
ftr-323	275	24	from	from	ADP
ftr-323	275	25	the	the	DET
ftr-323	275	26	treasury	treasury	NOUN
ftr-323	275	27	,	,	PUNCT
ftr-323	275	28	a	a	DET
ftr-323	275	29	simplified	simplified	ADJ
ftr-323	275	30	territorial	territorial	ADJ
ftr-323	275	31	system	system	NOUN
ftr-323	275	32	without	without	ADP
ftr-323	275	33	full	full	ADJ
ftr-323	275	34	expense	expense	NOUN
ftr-323	275	35	allocation	allocation	NOUN
ftr-323	275	36	rules	rule	NOUN
ftr-323	275	37	would	would	AUX
ftr-323	275	38	lose	lose	VERB
ftr-323	275	39	approximately	approximately	ADV
ftr-323	275	40	$	$	SYM
ftr-323	275	41	130	130	NUM
ftr-323	275	42	billion	billion	NUM
ftr-323	275	43	over	over	ADP
ftr-323	275	44	the	the	DET
ftr-323	275	45	10	10	NUM
ftr-323	275	46	-	-	PUNCT
ftr-323	275	47	year	year	NOUN
ftr-323	275	48	budget	budget	NOUN
ftr-323	275	49	window	window	NOUN
ftr-323	275	50	.	.	PUNCT
ftr-323	275	51	”	"	PUNCT
ftr-323	275	52	)	)	PUNCT
ftr-323	275	53	.	.	PUNCT
ftr-323	276	1	43	43	NUM
ftr-323	276	2	.	.	PUNCT
ftr-323	277	1	as	as	SCONJ
ftr-323	277	2	explained	explain	VERB
ftr-323	277	3	in	in	ADP
ftr-323	277	4	prior	prior	ADJ
ftr-323	277	5	work	work	NOUN
ftr-323	277	6	,	,	PUNCT
ftr-323	277	7	we	we	PRON
ftr-323	277	8	believe	believe	VERB
ftr-323	277	9	that	that	SCONJ
ftr-323	277	10	an	an	DET
ftr-323	277	11	even	even	ADV
ftr-323	277	12	better	well	ADJ
ftr-323	277	13	way	way	NOUN
ftr-323	277	14	to	to	PART
ftr-323	277	15	increase	increase	VERB
ftr-323	277	16	revenues	revenue	NOUN
ftr-323	277	17	is	be	AUX
ftr-323	277	18	to	to	PART
ftr-323	277	19	enact	enact	VERB
ftr-323	277	20	legislative	legislative	ADJ
ftr-323	277	21	reforms	reform	NOUN
ftr-323	277	22	that	that	PRON
ftr-323	277	23	would	would	AUX
ftr-323	277	24	cure	cure	VERB
ftr-323	277	25	the	the	DET
ftr-323	277	26	flaws	flaw	NOUN
ftr-323	277	27	in	in	ADP
ftr-323	277	28	the	the	DET
ftr-323	277	29	current	current	ADJ
ftr-323	277	30	u.s	u.s	PROPN
ftr-323	277	31	.	.	PROPN
ftr-323	277	32	worldwide	worldwide	ADJ
ftr-323	277	33	system	system	NOUN
ftr-323	277	34	.	.	PUNCT
ftr-323	278	1	see	see	VERB
ftr-323	278	2	fleming	fleming	PROPN
ftr-323	278	3	&	&	CCONJ
ftr-323	278	4	peroni	peroni	PROPN
ftr-323	278	5	,	,	PUNCT
ftr-323	278	6	exploring	explore	VERB
ftr-323	278	7	the	the	DET
ftr-323	278	8	contours	contours	NOUN
ftr-323	278	9	,	,	PUNCT
ftr-323	278	10	supra	supra	PROPN
ftr-323	278	11	note	note	PROPN
ftr-323	278	12	21	21	NUM
ftr-323	278	13	;	;	PUNCT
ftr-323	278	14	fleming	fleming	NOUN
ftr-323	278	15	,	,	PUNCT
ftr-323	278	16	peroni	peroni	PROPN
ftr-323	278	17	&	&	CCONJ
ftr-323	278	18	shay	shay	PROPN
ftr-323	278	19	,	,	PUNCT
ftr-323	278	20	fairness	fairness	NOUN
ftr-323	278	21	in	in	ADP
ftr-323	278	22	international	international	ADJ
ftr-323	278	23	taxation	taxation	NOUN
ftr-323	278	24	,	,	PUNCT
ftr-323	278	25	supra	supra	PROPN
ftr-323	278	26	note	note	PROPN
ftr-323	278	27	3	3	NUM
ftr-323	278	28	;	;	PUNCT
ftr-323	278	29	peroni	peroni	PROPN
ftr-323	278	30	,	,	PUNCT
ftr-323	278	31	fleming	fleming	NOUN
ftr-323	278	32	,	,	PUNCT
ftr-323	278	33	&	&	CCONJ
ftr-323	278	34	shay	shay	PROPN
ftr-323	278	35	,	,	PUNCT
ftr-323	278	36	getting	get	VERB
ftr-323	278	37	serious	serious	ADJ
ftr-323	278	38	,	,	PUNCT
ftr-323	278	39	supra	supra	ADJ
ftr-323	278	40	note	note	NOUN
ftr-323	278	41	3	3	NUM
ftr-323	278	42	;	;	PUNCT
ftr-323	278	43	fleming	fleming	NOUN
ftr-323	278	44	,	,	PUNCT
ftr-323	278	45	peroni	peroni	PROPN
ftr-323	278	46	&	&	CCONJ
ftr-323	278	47	shay	shay	PROPN
ftr-323	278	48	,	,	PUNCT
ftr-323	278	49	perspectives	perspective	NOUN
ftr-323	278	50	from	from	ADP
ftr-323	278	51	the	the	DET
ftr-323	278	52	united	united	PROPN
ftr-323	278	53	states	states	PROPN
ftr-323	278	54	,	,	PUNCT
ftr-323	278	55	supra	supra	PROPN
ftr-323	278	56	note	note	PROPN
ftr-323	278	57	21	21	NUM
ftr-323	278	58	;	;	PUNCT
ftr-323	278	59	fleming	fleming	NOUN
ftr-323	278	60	,	,	PUNCT
ftr-323	278	61	peroni	peroni	PROPN
ftr-323	278	62	&	&	CCONJ
ftr-323	278	63	shay	shay	PROPN
ftr-323	278	64	,	,	PUNCT
ftr-323	278	65	worldwide	worldwide	ADV
ftr-323	278	66	vs.	vs.	ADP
ftr-323	278	67	territorial	territorial	ADJ
ftr-323	278	68	,	,	PUNCT
ftr-323	278	69	supra	supra	PROPN
ftr-323	278	70	note	note	NOUN
ftr-323	278	71	21	21	NUM
ftr-323	278	72	;	;	PUNCT
ftr-323	278	73	fleming	fleming	NOUN
ftr-323	278	74	,	,	PUNCT
ftr-323	278	75	peroni	peroni	PROPN
ftr-323	278	76	&	&	CCONJ
ftr-323	278	77	shay	shay	PROPN
ftr-323	278	78	,	,	PUNCT
ftr-323	278	79	worse	bad	ADJ
ftr-323	278	80	than	than	ADP
ftr-323	278	81	exemption	exemption	NOUN
ftr-323	278	82	,	,	PUNCT
ftr-323	278	83	supra	supra	PROPN
ftr-323	278	84	note	note	NOUN
ftr-323	278	85	4	4	NUM
ftr-323	278	86	;	;	PUNCT
ftr-323	278	87	see	see	VERB
ftr-323	278	88	also	also	ADV
ftr-323	278	89	samuel	samuel	PROPN
ftr-323	278	90	c.	c.	PROPN
ftr-323	278	91	thompson	thompson	PROPN
ftr-323	278	92	,	,	PUNCT
ftr-323	278	93	jr	jr	PROPN
ftr-323	278	94	.	.	PROPN
ftr-323	278	95	,	,	PUNCT
ftr-323	278	96	assessing	assess	VERB
ftr-323	278	97	the	the	DET
ftr-323	278	98	following	follow	VERB
ftr-323	278	99	systems	system	NOUN
ftr-323	278	100	for	for	ADP
ftr-323	278	101	taxing	tax	VERB
ftr-323	278	102	foreign	foreign	ADJ
ftr-323	278	103	-	-	PUNCT
ftr-323	278	104	source	source	NOUN
ftr-323	278	105	active	active	ADJ
ftr-323	278	106	business	business	NOUN
ftr-323	278	107	income	income	NOUN
ftr-323	278	108	:	:	PUNCT
ftr-323	278	109	deferral	deferral	ADJ
ftr-323	278	110	,	,	PUNCT
ftr-323	278	111	exemption	exemption	NOUN
ftr-323	278	112	,	,	PUNCT
ftr-323	278	113	and	and	CCONJ
ftr-323	278	114	imputation	imputation	NOUN
ftr-323	278	115	,	,	PUNCT
ftr-323	278	116	53	53	NUM
ftr-323	278	117	how	how	SCONJ
ftr-323	278	118	.	.	PUNCT
ftr-323	279	1	l.j	l.j	NOUN
ftr-323	279	2	.	.	PROPN
ftr-323	280	1	337	337	NUM
ftr-323	280	2	(	(	PUNCT
ftr-323	280	3	2010	2010	NUM
ftr-323	280	4	)	)	PUNCT
ftr-323	280	5	;	;	PUNCT
ftr-323	280	6	thompson	thompson	PROPN
ftr-323	280	7	,	,	PUNCT
ftr-323	280	8	obama	obama	PROPN
ftr-323	280	9	’s	’s	PART
ftr-323	280	10	international	international	ADJ
ftr-323	280	11	tax	tax	NOUN
ftr-323	280	12	proposal	proposal	NOUN
ftr-323	281	1	,	,	PUNCT
ftr-323	281	2	supra	supra	PROPN
ftr-323	281	3	note	note	NOUN
ftr-323	281	4	21	21	NUM
ftr-323	281	5	.	.	PUNCT
ftr-323	282	1	if	if	SCONJ
ftr-323	282	2	it	it	PRON
ftr-323	282	3	is	be	AUX
ftr-323	282	4	not	not	PART
ftr-323	282	5	politically	politically	ADV
ftr-323	282	6	possible	possible	ADJ
ftr-323	282	7	to	to	PART
ftr-323	282	8	address	address	VERB
ftr-323	282	9	the	the	DET
ftr-323	282	10	flaws	flaw	NOUN
ftr-323	282	11	of	of	ADP
ftr-323	282	12	the	the	DET
ftr-323	282	13	current	current	ADJ
ftr-323	282	14	system	system	NOUN
ftr-323	282	15	,	,	PUNCT
ftr-323	282	16	however	however	ADV
ftr-323	282	17	,	,	PUNCT
ftr-323	282	18	then	then	ADV
ftr-323	282	19	under	under	ADP
ftr-323	282	20	the	the	DET
ftr-323	282	21	heroic	heroic	ADJ
ftr-323	282	22	assumption	assumption	NOUN
ftr-323	282	23	that	that	SCONJ
ftr-323	282	24	it	it	PRON
ftr-323	282	25	were	be	AUX
ftr-323	282	26	possible	possible	ADJ
ftr-323	282	27	to	to	PART
ftr-323	282	28	replace	replace	VERB
ftr-323	282	29	the	the	DET
ftr-323	282	30	present	present	ADJ
ftr-323	282	31	defective	defective	ADJ
ftr-323	282	32	system	system	NOUN
ftr-323	282	33	with	with	ADP
ftr-323	282	34	a	a	DET
ftr-323	282	35	well	well	ADV
ftr-323	282	36	-	-	PUNCT
ftr-323	282	37	designed	design	VERB
ftr-323	282	38	exemption	exemption	NOUN
ftr-323	282	39	regime	regime	NOUN
ftr-323	282	40	,	,	PUNCT
ftr-323	282	41	we	we	PRON
ftr-323	282	42	would	would	AUX
ftr-323	282	43	favor	favor	VERB
ftr-323	282	44	it	it	PRON
ftr-323	282	45	over	over	ADP
ftr-323	282	46	current	current	ADJ
ftr-323	282	47	law	law	NOUN
ftr-323	282	48	.	.	PUNCT
ftr-323	283	1	412	412	NUM
ftr-323	283	2	florida	florida	PROPN
ftr-323	283	3	tax	tax	NOUN
ftr-323	283	4	review	review	NOUN
ftr-323	283	5	[	[	X
ftr-323	283	6	vol	vol	NOUN
ftr-323	283	7	.	.	PUNCT
ftr-323	284	1	13:8	13:8	NUM
ftr-323	284	2	cost	cost	NOUN
ftr-323	284	3	/	/	SYM
ftr-323	284	4	benefit	benefit	NOUN
ftr-323	284	5	test.44	test.44	NOUN
ftr-323	284	6	given	give	VERB
ftr-323	284	7	the	the	DET
ftr-323	284	8	present	present	ADJ
ftr-323	284	9	fiscal	fiscal	ADJ
ftr-323	284	10	circumstances	circumstance	NOUN
ftr-323	284	11	,	,	PUNCT
ftr-323	284	12	the	the	DET
ftr-323	284	13	cost	cost	NOUN
ftr-323	284	14	/	/	SYM
ftr-323	284	15	benefit	benefit	NOUN
ftr-323	284	16	test	test	NOUN
ftr-323	284	17	should	should	AUX
ftr-323	284	18	be	be	AUX
ftr-323	284	19	rigorously	rigorously	ADV
ftr-323	284	20	applied	apply	VERB
ftr-323	284	21	.	.	PUNCT
ftr-323	285	1	e.	e.	PROPN
ftr-323	285	2	principles	principle	NOUN
ftr-323	285	3	for	for	ADP
ftr-323	285	4	preserving	preserve	VERB
ftr-323	285	5	the	the	DET
ftr-323	285	6	revenue	revenue	NOUN
ftr-323	285	7	gain	gain	NOUN
ftr-323	285	8	in	in	ADP
ftr-323	285	9	contemplating	contemplate	VERB
ftr-323	285	10	the	the	DET
ftr-323	285	11	content	content	NOUN
ftr-323	285	12	of	of	ADP
ftr-323	285	13	a	a	DET
ftr-323	285	14	properly	properly	ADV
ftr-323	285	15	designed	design	VERB
ftr-323	285	16	exemption	exemption	NOUN
ftr-323	285	17	or	or	CCONJ
ftr-323	285	18	territorial	territorial	ADJ
ftr-323	285	19	system	system	NOUN
ftr-323	285	20	,	,	PUNCT
ftr-323	285	21	it	it	PRON
ftr-323	285	22	is	be	AUX
ftr-323	285	23	critical	critical	ADJ
ftr-323	285	24	to	to	PART
ftr-323	285	25	keep	keep	VERB
ftr-323	285	26	in	in	ADP
ftr-323	285	27	mind	mind	NOUN
ftr-323	285	28	that	that	SCONJ
ftr-323	285	29	so	so	ADV
ftr-323	285	30	far	far	ADV
ftr-323	285	31	as	as	SCONJ
ftr-323	285	32	economics	economic	NOUN
ftr-323	285	33	and	and	CCONJ
ftr-323	285	34	customary	customary	ADJ
ftr-323	285	35	international	international	ADJ
ftr-323	285	36	law	law	NOUN
ftr-323	285	37	are	be	AUX
ftr-323	285	38	concerned	concern	VERB
ftr-323	285	39	,	,	PUNCT
ftr-323	285	40	an	an	DET
ftr-323	285	41	exemption	exemption	NOUN
ftr-323	285	42	system	system	NOUN
ftr-323	285	43	’s	’s	PART
ftr-323	285	44	purpose	purpose	NOUN
ftr-323	285	45	is	be	AUX
ftr-323	285	46	to	to	PART
ftr-323	285	47	avoid	avoid	VERB
ftr-323	285	48	a	a	DET
ftr-323	285	49	double	double	ADJ
ftr-323	285	50	tax	tax	NOUN
ftr-323	285	51	barrier	barrier	NOUN
ftr-323	285	52	to	to	ADP
ftr-323	285	53	international	international	ADJ
ftr-323	285	54	business	business	NOUN
ftr-323	285	55	by	by	ADP
ftr-323	285	56	eliminating	eliminate	VERB
ftr-323	285	57	residence	residence	NOUN
ftr-323	285	58	-	-	PUNCT
ftr-323	285	59	country	country	NOUN
ftr-323	285	60	tax	tax	NOUN
ftr-323	285	61	on	on	ADP
ftr-323	285	62	the	the	DET
ftr-323	285	63	foreign	foreign	ADJ
ftr-323	285	64	-	-	PUNCT
ftr-323	285	65	source	source	NOUN
ftr-323	285	66	income	income	NOUN
ftr-323	285	67	of	of	ADP
ftr-323	285	68	residents	resident	NOUN
ftr-323	285	69	,	,	PUNCT
ftr-323	285	70	thus	thus	ADV
ftr-323	285	71	leaving	leave	VERB
ftr-323	285	72	the	the	DET
ftr-323	285	73	source	source	NOUN
ftr-323	285	74	-	-	PUNCT
ftr-323	285	75	country	country	NOUN
ftr-323	285	76	tax	tax	NOUN
ftr-323	285	77	as	as	ADP
ftr-323	285	78	the	the	DET
ftr-323	285	79	single	single	ADJ
ftr-323	285	80	applicable	applicable	ADJ
ftr-323	285	81	levy	levy	NOUN
ftr-323	285	82	.	.	PUNCT
ftr-323	286	1	neither	neither	CCONJ
ftr-323	286	2	economics	economic	NOUN
ftr-323	286	3	nor	nor	CCONJ
ftr-323	286	4	international	international	ADJ
ftr-323	286	5	law	law	NOUN
ftr-323	286	6	nor	nor	CCONJ
ftr-323	286	7	equitable	equitable	ADJ
ftr-323	286	8	principles	principle	NOUN
ftr-323	286	9	require	require	VERB
ftr-323	286	10	the	the	DET
ftr-323	286	11	residence	residence	NOUN
ftr-323	286	12	country	country	NOUN
ftr-323	286	13	to	to	PART
ftr-323	286	14	go	go	VERB
ftr-323	286	15	further.45	further.45	ADV
ftr-323	286	16	consequently	consequently	ADV
ftr-323	286	17	,	,	PUNCT
ftr-323	286	18	when	when	SCONJ
ftr-323	286	19	a	a	DET
ftr-323	286	20	resident	resident	NOUN
ftr-323	286	21	’s	’s	PART
ftr-323	286	22	foreign	foreign	ADJ
ftr-323	286	23	-	-	PUNCT
ftr-323	286	24	source	source	NOUN
ftr-323	286	25	income	income	NOUN
ftr-323	286	26	does	do	AUX
ftr-323	286	27	not	not	PART
ftr-323	286	28	bear	bear	VERB
ftr-323	286	29	a	a	DET
ftr-323	286	30	significant	significant	ADJ
ftr-323	286	31	foreign	foreign	ADJ
ftr-323	286	32	tax	tax	NOUN
ftr-323	286	33	,	,	PUNCT
ftr-323	286	34	the	the	DET
ftr-323	286	35	economic	economic	ADJ
ftr-323	286	36	and	and	CCONJ
ftr-323	286	37	international	international	ADJ
ftr-323	286	38	law	law	NOUN
ftr-323	286	39	rationales	rationale	NOUN
ftr-323	286	40	for	for	ADP
ftr-323	286	41	exempting	exempt	VERB
ftr-323	286	42	that	that	DET
ftr-323	286	43	income	income	NOUN
ftr-323	286	44	from	from	ADP
ftr-323	286	45	residence	residence	NOUN
ftr-323	286	46	-	-	PUNCT
ftr-323	286	47	country	country	NOUN
ftr-323	286	48	tax	tax	NOUN
ftr-323	286	49	vanish	vanish	NOUN
ftr-323	286	50	,	,	PUNCT
ftr-323	286	51	and	and	CCONJ
ftr-323	286	52	the	the	DET
ftr-323	286	53	income	income	NOUN
ftr-323	286	54	in	in	ADP
ftr-323	286	55	question	question	NOUN
ftr-323	286	56	is	be	AUX
ftr-323	286	57	fairly	fairly	ADV
ftr-323	286	58	includible	includible	ADJ
ftr-323	286	59	in	in	ADP
ftr-323	286	60	the	the	DET
ftr-323	286	61	residence	residence	NOUN
ftr-323	286	62	country	country	NOUN
ftr-323	286	63	’s	’s	PART
ftr-323	286	64	tax	tax	NOUN
ftr-323	286	65	base	base	NOUN
ftr-323	286	66	pursuant	pursuant	ADJ
ftr-323	286	67	to	to	ADP
ftr-323	286	68	the	the	DET
ftr-323	286	69	ability	ability	NOUN
ftr-323	286	70	-	-	PUNCT
ftr-323	286	71	to	to	ADP
ftr-323	286	72	-	-	PUNCT
ftr-323	286	73	pay	pay	VERB
ftr-323	286	74	principle	principle	NOUN
ftr-323	286	75	that	that	PRON
ftr-323	286	76	validates	validate	VERB
ftr-323	286	77	the	the	DET
ftr-323	286	78	residence	residence	NOUN
ftr-323	286	79	country	country	NOUN
ftr-323	286	80	’s	’s	PART
ftr-323	286	81	right	right	NOUN
ftr-323	286	82	to	to	PART
ftr-323	286	83	tax	tax	VERB
ftr-323	286	84	the	the	DET
ftr-323	286	85	foreign	foreign	ADJ
ftr-323	286	86	-	-	PUNCT
ftr-323	286	87	source	source	NOUN
ftr-323	286	88	income	income	NOUN
ftr-323	286	89	of	of	ADP
ftr-323	286	90	its	its	PRON
ftr-323	286	91	residents.46	residents.46	NOUN
ftr-323	286	92	stated	state	VERB
ftr-323	286	93	differently	differently	ADV
ftr-323	286	94	,	,	PUNCT
ftr-323	286	95	a	a	DET
ftr-323	286	96	principled	principled	ADJ
ftr-323	286	97	exemption	exemption	NOUN
ftr-323	286	98	system	system	NOUN
ftr-323	286	99	will	will	AUX
ftr-323	286	100	not	not	PART
ftr-323	286	101	grant	grant	VERB
ftr-323	286	102	a	a	DET
ftr-323	286	103	zero	zero	NUM
ftr-323	286	104	residence	residence	NOUN
ftr-323	286	105	-	-	PUNCT
ftr-323	286	106	country	country	NOUN
ftr-323	286	107	tax	tax	NOUN
ftr-323	286	108	rate	rate	NOUN
ftr-323	286	109	to	to	ADP
ftr-323	286	110	foreign	foreign	ADJ
ftr-323	286	111	-	-	PUNCT
ftr-323	286	112	source	source	NOUN
ftr-323	286	113	income	income	NOUN
ftr-323	286	114	that	that	PRON
ftr-323	286	115	has	have	AUX
ftr-323	286	116	escaped	escape	VERB
ftr-323	286	117	a	a	DET
ftr-323	286	118	more	more	ADJ
ftr-323	286	119	-	-	PUNCT
ftr-323	286	120	than	than	ADP
ftr-323	286	121	-	-	PUNCT
ftr-323	286	122	de	de	X
ftr-323	286	123	minimis	minimis	NOUN
ftr-323	286	124	sourcecountry	sourcecountry	NOUN
ftr-323	286	125	tax	tax	NOUN
ftr-323	286	126	.	.	PUNCT
ftr-323	287	1	in	in	ADP
ftr-323	287	2	addition	addition	NOUN
ftr-323	287	3	,	,	PUNCT
ftr-323	287	4	a	a	DET
ftr-323	287	5	principled	principled	ADJ
ftr-323	287	6	territorial	territorial	ADJ
ftr-323	287	7	system	system	NOUN
ftr-323	287	8	will	will	AUX
ftr-323	287	9	never	never	ADV
ftr-323	287	10	create	create	VERB
ftr-323	287	11	a	a	DET
ftr-323	287	12	negative	negative	ADJ
ftr-323	287	13	domestic	domestic	ADJ
ftr-323	287	14	tax	tax	NOUN
ftr-323	287	15	rate	rate	NOUN
ftr-323	287	16	.	.	PUNCT
ftr-323	288	1	to	to	PART
ftr-323	288	2	do	do	VERB
ftr-323	288	3	so	so	ADV
ftr-323	288	4	would	would	AUX
ftr-323	288	5	go	go	VERB
ftr-323	288	6	beyond	beyond	ADP
ftr-323	288	7	providing	provide	VERB
ftr-323	288	8	double	double	ADJ
ftr-323	288	9	taxation	taxation	NOUN
ftr-323	288	10	relief	relief	NOUN
ftr-323	288	11	and	and	CCONJ
ftr-323	288	12	would	would	AUX
ftr-323	288	13	amount	amount	VERB
ftr-323	288	14	to	to	ADP
ftr-323	288	15	an	an	DET
ftr-323	288	16	affirmative	affirmative	ADJ
ftr-323	288	17	subsidy	subsidy	NOUN
ftr-323	288	18	for	for	ADP
ftr-323	288	19	foreign	foreign	ADJ
ftr-323	288	20	-	-	PUNCT
ftr-323	288	21	source	source	NOUN
ftr-323	288	22	income	income	NOUN
ftr-323	288	23	that	that	PRON
ftr-323	288	24	can	can	AUX
ftr-323	288	25	be	be	AUX
ftr-323	288	26	justified	justify	VERB
ftr-323	288	27	only	only	ADV
ftr-323	288	28	if	if	SCONJ
ftr-323	288	29	the	the	DET
ftr-323	288	30	subsidy	subsidy	NOUN
ftr-323	288	31	can	can	AUX
ftr-323	288	32	pass	pass	VERB
ftr-323	288	33	a	a	DET
ftr-323	288	34	rigorously	rigorously	ADV
ftr-323	288	35	applied	apply	VERB
ftr-323	288	36	cost	cost	NOUN
ftr-323	288	37	/	/	SYM
ftr-323	288	38	benefit	benefit	NOUN
ftr-323	288	39	test.47	test.47	NOUN
ftr-323	288	40	we	we	PRON
ftr-323	288	41	now	now	ADV
ftr-323	288	42	turn	turn	VERB
ftr-323	288	43	to	to	ADP
ftr-323	288	44	the	the	DET
ftr-323	288	45	matter	matter	NOUN
ftr-323	288	46	of	of	ADP
ftr-323	288	47	applying	apply	VERB
ftr-323	288	48	these	these	DET
ftr-323	288	49	broad	broad	ADJ
ftr-323	288	50	principles	principle	NOUN
ftr-323	288	51	to	to	ADP
ftr-323	288	52	the	the	DET
ftr-323	288	53	designing	designing	NOUN
ftr-323	288	54	of	of	ADP
ftr-323	288	55	an	an	DET
ftr-323	288	56	exemption	exemption	NOUN
ftr-323	288	57	or	or	CCONJ
ftr-323	288	58	territorial	territorial	ADJ
ftr-323	288	59	system	system	NOUN
ftr-323	288	60	that	that	PRON
ftr-323	288	61	would	would	AUX
ftr-323	288	62	replace	replace	VERB
ftr-323	288	63	the	the	DET
ftr-323	288	64	existing	exist	VERB
ftr-323	288	65	u.s	u.s	PROPN
ftr-323	288	66	.	.	PROPN
ftr-323	288	67	worldwide	worldwide	ADJ
ftr-323	288	68	system	system	NOUN
ftr-323	288	69	in	in	ADP
ftr-323	288	70	the	the	DET
ftr-323	288	71	midst	midst	NOUN
ftr-323	288	72	of	of	ADP
ftr-323	288	73	a	a	DET
ftr-323	288	74	national	national	ADJ
ftr-323	288	75	fiscal	fiscal	ADJ
ftr-323	288	76	crisis	crisis	NOUN
ftr-323	288	77	.	.	PUNCT
ftr-323	289	1	44	44	NUM
ftr-323	289	2	.	.	PUNCT
ftr-323	289	3	see	see	VERB
ftr-323	289	4	j.	j.	PROPN
ftr-323	289	5	clifton	clifton	PROPN
ftr-323	289	6	fleming	fleming	PROPN
ftr-323	289	7	,	,	PUNCT
ftr-323	289	8	jr	jr	PROPN
ftr-323	289	9	.	.	PROPN
ftr-323	289	10	&	&	CCONJ
ftr-323	289	11	robert	robert	PROPN
ftr-323	289	12	j.	j.	PROPN
ftr-323	289	13	peroni	peroni	PROPN
ftr-323	289	14	,	,	PUNCT
ftr-323	289	15	reinvigorating	reinvigorate	VERB
ftr-323	289	16	tax	tax	NOUN
ftr-323	289	17	expenditure	expenditure	NOUN
ftr-323	289	18	analysis	analysis	NOUN
ftr-323	289	19	and	and	CCONJ
ftr-323	289	20	its	its	PRON
ftr-323	289	21	international	international	ADJ
ftr-323	289	22	dimension	dimension	NOUN
ftr-323	289	23	,	,	PUNCT
ftr-323	289	24	27	27	NUM
ftr-323	289	25	va	va	NOUN
ftr-323	289	26	.	.	PUNCT
ftr-323	289	27	tax	tax	PROPN
ftr-323	289	28	rev	rev	PROPN
ftr-323	289	29	.	.	PROPN
ftr-323	289	30	437	437	NUM
ftr-323	289	31	,	,	PUNCT
ftr-323	289	32	525	525	NUM
ftr-323	289	33	–	–	SYM
ftr-323	289	34	28	28	NUM
ftr-323	289	35	(	(	PUNCT
ftr-323	289	36	2008	2008	NUM
ftr-323	289	37	)	)	PUNCT
ftr-323	290	1	[	[	X
ftr-323	290	2	hereinafter	hereinafter	NOUN
ftr-323	290	3	fleming	fleming	PROPN
ftr-323	290	4	&	&	CCONJ
ftr-323	290	5	peroni	peroni	PROPN
ftr-323	290	6	,	,	PUNCT
ftr-323	290	7	reinvigorating	reinvigorate	VERB
ftr-323	290	8	]	]	PUNCT
ftr-323	290	9	.	.	PUNCT
ftr-323	291	1	45	45	NUM
ftr-323	291	2	.	.	PUNCT
ftr-323	292	1	see	see	VERB
ftr-323	292	2	supra	supra	PROPN
ftr-323	292	3	notes	note	VERB
ftr-323	292	4	6–17	6–17	PROPN
ftr-323	292	5	and	and	CCONJ
ftr-323	292	6	accompanying	accompany	VERB
ftr-323	292	7	text	text	NOUN
ftr-323	292	8	.	.	PUNCT
ftr-323	293	1	46	46	NUM
ftr-323	293	2	.	.	PUNCT
ftr-323	294	1	see	see	VERB
ftr-323	294	2	fleming	fleming	PROPN
ftr-323	294	3	,	,	PUNCT
ftr-323	294	4	peroni	peroni	PROPN
ftr-323	294	5	&	&	CCONJ
ftr-323	294	6	shay	shay	PROPN
ftr-323	294	7	,	,	PUNCT
ftr-323	294	8	fairness	fairness	NOUN
ftr-323	294	9	in	in	ADP
ftr-323	294	10	international	international	ADJ
ftr-323	294	11	taxation	taxation	NOUN
ftr-323	294	12	,	,	PUNCT
ftr-323	294	13	supra	supra	PROPN
ftr-323	294	14	note	note	NOUN
ftr-323	294	15	3	3	NUM
ftr-323	294	16	.	.	X
ftr-323	295	1	47	47	NUM
ftr-323	295	2	.	.	PUNCT
ftr-323	296	1	see	see	VERB
ftr-323	296	2	fleming	fleming	PROPN
ftr-323	296	3	&	&	CCONJ
ftr-323	296	4	peroni	peroni	PROPN
ftr-323	296	5	,	,	PUNCT
ftr-323	296	6	reinvigorating	reinvigorating	NOUN
ftr-323	296	7	,	,	PUNCT
ftr-323	296	8	supra	supra	PROPN
ftr-323	296	9	note	note	NOUN
ftr-323	296	10	44	44	NUM
ftr-323	296	11	;	;	PUNCT
ftr-323	296	12	see	see	VERB
ftr-323	296	13	also	also	ADV
ftr-323	296	14	lokken	lokken	PROPN
ftr-323	296	15	&	&	CCONJ
ftr-323	296	16	kitamura	kitamura	PROPN
ftr-323	296	17	,	,	PUNCT
ftr-323	296	18	credit	credit	NOUN
ftr-323	296	19	v.	v.	ADP
ftr-323	296	20	exemption	exemption	NOUN
ftr-323	296	21	,	,	PUNCT
ftr-323	296	22	supra	supra	PROPN
ftr-323	296	23	note	note	NOUN
ftr-323	296	24	1	1	NUM
ftr-323	296	25	,	,	PUNCT
ftr-323	296	26	at	at	ADP
ftr-323	296	27	630	630	NUM
ftr-323	296	28	(	(	PUNCT
ftr-323	296	29	“	"	PUNCT
ftr-323	296	30	the	the	DET
ftr-323	296	31	purpose	purpose	NOUN
ftr-323	296	32	of	of	ADP
ftr-323	296	33	the	the	DET
ftr-323	296	34	foreign	foreign	ADJ
ftr-323	296	35	tax	tax	NOUN
ftr-323	296	36	credit	credit	NOUN
ftr-323	296	37	is	be	AUX
ftr-323	296	38	to	to	PART
ftr-323	296	39	alleviate	alleviate	VERB
ftr-323	296	40	double	double	ADJ
ftr-323	296	41	taxation	taxation	NOUN
ftr-323	296	42	,	,	PUNCT
ftr-323	296	43	and	and	CCONJ
ftr-323	296	44	this	this	DET
ftr-323	296	45	goal	goal	NOUN
ftr-323	296	46	is	be	AUX
ftr-323	296	47	fully	fully	ADV
ftr-323	296	48	achieved	achieve	VERB
ftr-323	296	49	by	by	ADP
ftr-323	296	50	reducing	reduce	VERB
ftr-323	296	51	u.s	u.s	PROPN
ftr-323	296	52	.	.	PROPN
ftr-323	296	53	tax	tax	NOUN
ftr-323	296	54	on	on	ADP
ftr-323	296	55	doubly	doubly	ADV
ftr-323	296	56	taxed	tax	VERB
ftr-323	296	57	income	income	NOUN
ftr-323	296	58	to	to	ADP
ftr-323	296	59	zero	zero	NUM
ftr-323	296	60	.	.	PUNCT
ftr-323	296	61	.	.	PUNCT
ftr-323	296	62	.	.	PUNCT
ftr-323	296	63	.	.	PUNCT
ftr-323	297	1	u.s	u.s	PROPN
ftr-323	297	2	.	.	PROPN
ftr-323	297	3	tax	tax	NOUN
ftr-323	297	4	.	.	PUNCT
ftr-323	297	5	.	.	PUNCT
ftr-323	297	6	.	.	PUNCT
ftr-323	298	1	should	should	AUX
ftr-323	298	2	not	not	PART
ftr-323	298	3	be	be	AUX
ftr-323	298	4	less	less	ADJ
ftr-323	298	5	than	than	ADP
ftr-323	298	6	zero	zero	NUM
ftr-323	298	7	.	.	PUNCT
ftr-323	298	8	”	"	PUNCT
ftr-323	298	9	)	)	PUNCT
ftr-323	298	10	.	.	PUNCT
ftr-323	299	1	2012	2012	NUM
ftr-323	299	2	]	]	PUNCT
ftr-323	299	3	exemption	exemption	NOUN
ftr-323	299	4	when	when	SCONJ
ftr-323	299	5	the	the	DET
ftr-323	299	6	treasury	treasury	NOUN
ftr-323	299	7	is	be	AUX
ftr-323	299	8	empty	empty	ADJ
ftr-323	299	9	413	413	NUM
ftr-323	299	10	vi	vi	NOUN
ftr-323	299	11	.	.	PUNCT
ftr-323	300	1	a	a	DET
ftr-323	300	2	principled	principled	ADJ
ftr-323	300	3	dividend	dividend	NOUN
ftr-323	300	4	exemption	exemption	NOUN
ftr-323	300	5	system	system	NOUN
ftr-323	300	6	the	the	DET
ftr-323	300	7	central	central	ADJ
ftr-323	300	8	feature	feature	NOUN
ftr-323	300	9	of	of	ADP
ftr-323	300	10	a	a	DET
ftr-323	300	11	territorial	territorial	ADJ
ftr-323	300	12	system	system	NOUN
ftr-323	300	13	is	be	AUX
ftr-323	300	14	an	an	DET
ftr-323	300	15	exemption	exemption	NOUN
ftr-323	300	16	from	from	ADP
ftr-323	300	17	residence	residence	NOUN
ftr-323	300	18	country	country	NOUN
ftr-323	300	19	tax	tax	NOUN
ftr-323	300	20	for	for	ADP
ftr-323	300	21	dividends	dividend	NOUN
ftr-323	300	22	paid	pay	VERB
ftr-323	300	23	by	by	ADP
ftr-323	300	24	foreign	foreign	ADJ
ftr-323	300	25	corporations	corporation	NOUN
ftr-323	300	26	out	out	ADP
ftr-323	300	27	of	of	ADP
ftr-323	300	28	the	the	DET
ftr-323	300	29	“	"	PUNCT
ftr-323	300	30	right	right	ADJ
ftr-323	300	31	kinds	kind	NOUN
ftr-323	300	32	of	of	ADP
ftr-323	300	33	profits	profit	NOUN
ftr-323	300	34	”	"	PUNCT
ftr-323	300	35	to	to	ADP
ftr-323	300	36	the	the	DET
ftr-323	300	37	“	"	PUNCT
ftr-323	300	38	right	right	ADJ
ftr-323	300	39	kind	kind	NOUN
ftr-323	300	40	of	of	ADP
ftr-323	300	41	shareholder	shareholder	NOUN
ftr-323	300	42	.	.	PUNCT
ftr-323	301	1	”48	”48	PROPN
ftr-323	301	2	we	we	PRON
ftr-323	301	3	address	address	VERB
ftr-323	301	4	the	the	DET
ftr-323	301	5	question	question	NOUN
ftr-323	301	6	of	of	ADP
ftr-323	301	7	the	the	DET
ftr-323	301	8	“	"	PUNCT
ftr-323	301	9	right	right	ADJ
ftr-323	301	10	kinds	kind	NOUN
ftr-323	301	11	of	of	ADP
ftr-323	301	12	profits	profit	NOUN
ftr-323	301	13	”	"	PUNCT
ftr-323	301	14	in	in	ADP
ftr-323	301	15	part	part	NOUN
ftr-323	301	16	vi.a	vi.a	NOUN
ftr-323	301	17	and	and	CCONJ
ftr-323	301	18	the	the	DET
ftr-323	301	19	issue	issue	NOUN
ftr-323	301	20	of	of	ADP
ftr-323	301	21	the	the	DET
ftr-323	301	22	“	"	PUNCT
ftr-323	301	23	right	right	ADJ
ftr-323	301	24	kind	kind	NOUN
ftr-323	301	25	of	of	ADP
ftr-323	301	26	shareholder	shareholder	NOUN
ftr-323	301	27	”	"	PUNCT
ftr-323	301	28	in	in	ADP
ftr-323	301	29	part	part	NOUN
ftr-323	301	30	vi.b	vi.b	X
ftr-323	301	31	.	.	PUNCT
ftr-323	302	1	part	part	NOUN
ftr-323	302	2	vi.c	vi.c	VERB
ftr-323	302	3	is	be	AUX
ftr-323	302	4	a	a	DET
ftr-323	302	5	discussion	discussion	NOUN
ftr-323	302	6	of	of	ADP
ftr-323	302	7	whether	whether	SCONJ
ftr-323	302	8	a	a	DET
ftr-323	302	9	territorial	territorial	ADJ
ftr-323	302	10	system	system	NOUN
ftr-323	302	11	’s	’s	PART
ftr-323	302	12	dividend	dividend	NOUN
ftr-323	302	13	exemption	exemption	NOUN
ftr-323	302	14	should	should	AUX
ftr-323	302	15	be	be	AUX
ftr-323	302	16	expanded	expand	VERB
ftr-323	302	17	to	to	PART
ftr-323	302	18	include	include	VERB
ftr-323	302	19	certain	certain	ADJ
ftr-323	302	20	types	type	NOUN
ftr-323	302	21	of	of	ADP
ftr-323	302	22	non	non	ADJ
ftr-323	302	23	-	-	ADJ
ftr-323	302	24	dividend	dividend	ADJ
ftr-323	302	25	income	income	NOUN
ftr-323	302	26	.	.	PUNCT
ftr-323	303	1	in	in	ADP
ftr-323	303	2	part	part	NOUN
ftr-323	303	3	vii	vii	PROPN
ftr-323	303	4	,	,	PUNCT
ftr-323	303	5	we	we	PRON
ftr-323	303	6	will	will	AUX
ftr-323	303	7	discuss	discuss	VERB
ftr-323	303	8	application	application	NOUN
ftr-323	303	9	of	of	ADP
ftr-323	303	10	the	the	DET
ftr-323	303	11	exemption	exemption	NOUN
ftr-323	303	12	approach	approach	NOUN
ftr-323	303	13	to	to	ADP
ftr-323	303	14	foreign	foreign	ADJ
ftr-323	303	15	income	income	NOUN
ftr-323	303	16	earned	earn	VERB
ftr-323	303	17	directly	directly	ADV
ftr-323	303	18	through	through	ADP
ftr-323	303	19	an	an	DET
ftr-323	303	20	unincorporated	unincorporated	ADJ
ftr-323	303	21	foreign	foreign	ADJ
ftr-323	303	22	branch	branch	NOUN
ftr-323	303	23	.	.	PUNCT
ftr-323	304	1	a.	a.	NOUN
ftr-323	304	2	dividends	dividend	NOUN
ftr-323	304	3	out	out	ADP
ftr-323	304	4	of	of	ADP
ftr-323	304	5	what	what	PRON
ftr-323	304	6	?	?	PUNCT
ftr-323	305	1	1	1	X
ftr-323	305	2	.	.	X
ftr-323	305	3	active	active	ADJ
ftr-323	305	4	income	income	NOUN
ftr-323	305	5	that	that	PRON
ftr-323	305	6	does	do	AUX
ftr-323	305	7	not	not	PART
ftr-323	305	8	bear	bear	VERB
ftr-323	305	9	a	a	DET
ftr-323	305	10	meaningful	meaningful	ADJ
ftr-323	305	11	foreign	foreign	ADJ
ftr-323	305	12	tax	tax	NOUN
ftr-323	305	13	a.	a.	NOUN
ftr-323	305	14	the	the	DET
ftr-323	305	15	need	need	NOUN
ftr-323	305	16	for	for	ADP
ftr-323	305	17	a	a	DET
ftr-323	305	18	subject	subject	NOUN
ftr-323	305	19	-	-	PUNCT
ftr-323	305	20	to	to	ADP
ftr-323	305	21	-	-	PUNCT
ftr-323	305	22	tax	tax	NOUN
ftr-323	305	23	requirement	requirement	NOUN
ftr-323	305	24	assume	assume	VERB
ftr-323	305	25	that	that	SCONJ
ftr-323	305	26	usco	usco	PROPN
ftr-323	305	27	is	be	AUX
ftr-323	305	28	a	a	DET
ftr-323	305	29	u.s	u.s	PROPN
ftr-323	305	30	.	.	PROPN
ftr-323	305	31	domestic	domestic	ADJ
ftr-323	305	32	corporation	corporation	NOUN
ftr-323	305	33	that	that	PRON
ftr-323	305	34	pays	pay	VERB
ftr-323	305	35	u.s	u.s	PROPN
ftr-323	305	36	.	.	PROPN
ftr-323	305	37	income	income	NOUN
ftr-323	305	38	tax	tax	NOUN
ftr-323	305	39	at	at	ADP
ftr-323	305	40	a	a	DET
ftr-323	305	41	35	35	NUM
ftr-323	305	42	percent	percent	NOUN
ftr-323	305	43	rate	rate	NOUN
ftr-323	305	44	.	.	PUNCT
ftr-323	306	1	usco	usco	PROPN
ftr-323	306	2	owns	own	VERB
ftr-323	306	3	100	100	NUM
ftr-323	306	4	percent	percent	NOUN
ftr-323	306	5	of	of	ADP
ftr-323	306	6	the	the	DET
ftr-323	306	7	single	single	ADJ
ftr-323	306	8	class	class	NOUN
ftr-323	306	9	of	of	ADP
ftr-323	306	10	stock	stock	NOUN
ftr-323	306	11	of	of	ADP
ftr-323	306	12	fs	fs	PROPN
ftr-323	306	13	,	,	PUNCT
ftr-323	306	14	a	a	DET
ftr-323	306	15	corporation	corporation	NOUN
ftr-323	306	16	formed	form	VERB
ftr-323	306	17	under	under	ADP
ftr-323	306	18	the	the	DET
ftr-323	306	19	laws	law	NOUN
ftr-323	306	20	of	of	ADP
ftr-323	306	21	lowtaxia	lowtaxia	NOUN
ftr-323	306	22	,	,	PUNCT
ftr-323	306	23	a	a	DET
ftr-323	306	24	tax	tax	NOUN
ftr-323	306	25	haven	haven	NOUN
ftr-323	306	26	with	with	ADP
ftr-323	306	27	no	no	DET
ftr-323	306	28	corporate	corporate	ADJ
ftr-323	306	29	profits	profit	NOUN
ftr-323	306	30	tax	tax	NOUN
ftr-323	306	31	and	and	CCONJ
ftr-323	306	32	no	no	DET
ftr-323	306	33	withholding	withholding	NOUN
ftr-323	306	34	tax	tax	NOUN
ftr-323	306	35	on	on	ADP
ftr-323	306	36	dividends	dividend	NOUN
ftr-323	306	37	.	.	PUNCT
ftr-323	307	1	in	in	ADP
ftr-323	307	2	year	year	NOUN
ftr-323	307	3	1	1	NUM
ftr-323	307	4	,	,	PUNCT
ftr-323	307	5	fs	fs	X
ftr-323	307	6	earns	earn	VERB
ftr-323	307	7	a	a	DET
ftr-323	307	8	$	$	SYM
ftr-323	307	9	1	1	NUM
ftr-323	307	10	million	million	NUM
ftr-323	307	11	active	active	ADJ
ftr-323	307	12	business	business	NOUN
ftr-323	307	13	profit	profit	NOUN
ftr-323	307	14	,	,	PUNCT
ftr-323	307	15	all	all	PRON
ftr-323	307	16	of	of	ADP
ftr-323	307	17	which	which	PRON
ftr-323	307	18	is	be	AUX
ftr-323	307	19	paid	pay	VERB
ftr-323	307	20	as	as	ADP
ftr-323	307	21	a	a	DET
ftr-323	307	22	dividend	dividend	NOUN
ftr-323	307	23	to	to	ADP
ftr-323	307	24	usco	usco	NOUN
ftr-323	307	25	at	at	ADP
ftr-323	307	26	year	year	NOUN
ftr-323	307	27	end	end	NOUN
ftr-323	307	28	.	.	PUNCT
ftr-323	308	1	because	because	SCONJ
ftr-323	308	2	this	this	DET
ftr-323	308	3	dividend	dividend	NOUN
ftr-323	308	4	is	be	AUX
ftr-323	308	5	paid	pay	VERB
ftr-323	308	6	out	out	ADP
ftr-323	308	7	of	of	ADP
ftr-323	308	8	untaxed	untaxed	ADJ
ftr-323	308	9	foreign	foreign	ADJ
ftr-323	308	10	profits	profit	NOUN
ftr-323	308	11	and	and	CCONJ
ftr-323	308	12	is	be	AUX
ftr-323	308	13	free	free	ADJ
ftr-323	308	14	of	of	ADP
ftr-323	308	15	foreign	foreign	ADJ
ftr-323	308	16	withholding	withholding	NOUN
ftr-323	308	17	tax	tax	NOUN
ftr-323	308	18	,	,	PUNCT
ftr-323	308	19	the	the	DET
ftr-323	308	20	united	united	PROPN
ftr-323	308	21	states	states	PROPN
ftr-323	308	22	can	can	AUX
ftr-323	308	23	tax	tax	VERB
ftr-323	308	24	it	it	PRON
ftr-323	308	25	in	in	ADP
ftr-323	308	26	full	full	ADJ
ftr-323	308	27	without	without	ADP
ftr-323	308	28	causing	cause	VERB
ftr-323	308	29	a	a	DET
ftr-323	308	30	double	double	ADJ
ftr-323	308	31	tax	tax	NOUN
ftr-323	308	32	result	result	NOUN
ftr-323	308	33	.	.	PUNCT
ftr-323	309	1	moreover	moreover	ADV
ftr-323	309	2	,	,	PUNCT
ftr-323	309	3	failing	fail	VERB
ftr-323	309	4	to	to	PART
ftr-323	309	5	tax	tax	VERB
ftr-323	309	6	the	the	DET
ftr-323	309	7	dividend	dividend	NOUN
ftr-323	309	8	means	mean	VERB
ftr-323	309	9	surrendering	surrender	VERB
ftr-323	309	10	up	up	ADP
ftr-323	309	11	to	to	PART
ftr-323	309	12	35	35	NUM
ftr-323	309	13	percentage	percentage	NOUN
ftr-323	309	14	points	point	NOUN
ftr-323	309	15	of	of	ADP
ftr-323	309	16	u.s	u.s	PROPN
ftr-323	309	17	.	.	PROPN
ftr-323	309	18	residual	residual	ADJ
ftr-323	309	19	tax	tax	NOUN
ftr-323	309	20	.	.	PUNCT
ftr-323	310	1	thus	thus	ADV
ftr-323	310	2	,	,	PUNCT
ftr-323	310	3	as	as	SCONJ
ftr-323	310	4	explained	explain	VERB
ftr-323	310	5	in	in	ADP
ftr-323	310	6	part	part	PROPN
ftr-323	310	7	v.c	v.c	PROPN
ftr-323	310	8	,	,	PUNCT
ftr-323	310	9	the	the	DET
ftr-323	310	10	united	united	PROPN
ftr-323	310	11	states	states	PROPN
ftr-323	310	12	would	would	AUX
ftr-323	310	13	be	be	AUX
ftr-323	310	14	remiss	remiss	ADJ
ftr-323	310	15	if	if	SCONJ
ftr-323	310	16	it	it	PRON
ftr-323	310	17	did	do	AUX
ftr-323	310	18	not	not	PART
ftr-323	310	19	impose	impose	VERB
ftr-323	310	20	its	its	PRON
ftr-323	310	21	corporate	corporate	ADJ
ftr-323	310	22	tax	tax	NOUN
ftr-323	310	23	on	on	ADP
ftr-323	310	24	usco	usco	PROPN
ftr-323	310	25	’s	’s	PART
ftr-323	310	26	receipt	receipt	NOUN
ftr-323	310	27	of	of	ADP
ftr-323	310	28	the	the	DET
ftr-323	310	29	dividend	dividend	NOUN
ftr-323	310	30	.	.	PUNCT
ftr-323	311	1	does	do	AUX
ftr-323	311	2	the	the	DET
ftr-323	311	3	answer	answer	NOUN
ftr-323	311	4	change	change	NOUN
ftr-323	311	5	if	if	SCONJ
ftr-323	311	6	the	the	DET
ftr-323	311	7	$	$	SYM
ftr-323	311	8	1	1	NUM
ftr-323	311	9	million	million	NUM
ftr-323	311	10	profit	profit	NOUN
ftr-323	311	11	bears	bear	VERB
ftr-323	311	12	a	a	DET
ftr-323	311	13	1	1	NUM
ftr-323	311	14	percent	percent	NOUN
ftr-323	311	15	lowtaxia	lowtaxia	ADJ
ftr-323	311	16	corporate	corporate	ADJ
ftr-323	311	17	profits	profit	NOUN
ftr-323	311	18	tax	tax	NOUN
ftr-323	311	19	?	?	PUNCT
ftr-323	312	1	assuming	assume	VERB
ftr-323	312	2	that	that	SCONJ
ftr-323	312	3	the	the	DET
ftr-323	312	4	united	united	PROPN
ftr-323	312	5	states	states	PROPN
ftr-323	312	6	allows	allow	VERB
ftr-323	312	7	an	an	DET
ftr-323	312	8	indirect	indirect	ADJ
ftr-323	312	9	foreign	foreign	ADJ
ftr-323	312	10	tax	tax	NOUN
ftr-323	312	11	credit	credit	NOUN
ftr-323	312	12	under	under	ADP
ftr-323	312	13	section	section	NOUN
ftr-323	312	14	902	902	NUM
ftr-323	312	15	for	for	ADP
ftr-323	312	16	the	the	DET
ftr-323	312	17	lowtaxia	lowtaxia	PROPN
ftr-323	312	18	levy,49	levy,49	NOUN
ftr-323	312	19	no	no	DET
ftr-323	312	20	48	48	NUM
ftr-323	312	21	.	.	PUNCT
ftr-323	313	1	as	as	SCONJ
ftr-323	313	2	stated	state	VERB
ftr-323	313	3	by	by	ADP
ftr-323	313	4	the	the	DET
ftr-323	313	5	staff	staff	NOUN
ftr-323	313	6	of	of	ADP
ftr-323	313	7	the	the	DET
ftr-323	313	8	joint	joint	ADJ
ftr-323	313	9	committee	committee	NOUN
ftr-323	313	10	on	on	ADP
ftr-323	313	11	taxation	taxation	NOUN
ftr-323	313	12	:	:	PUNCT
ftr-323	313	13	“	"	PUNCT
ftr-323	313	14	in	in	ADP
ftr-323	313	15	theory	theory	NOUN
ftr-323	313	16	,	,	PUNCT
ftr-323	313	17	exemption	exemption	NOUN
ftr-323	313	18	could	could	AUX
ftr-323	313	19	be	be	AUX
ftr-323	313	20	allowed	allow	VERB
ftr-323	313	21	as	as	SCONJ
ftr-323	313	22	income	income	NOUN
ftr-323	313	23	is	be	AUX
ftr-323	313	24	earned	earn	VERB
ftr-323	313	25	,	,	PUNCT
ftr-323	313	26	whether	whether	SCONJ
ftr-323	313	27	directly	directly	ADV
ftr-323	313	28	or	or	CCONJ
ftr-323	313	29	through	through	ADP
ftr-323	313	30	foreign	foreign	ADJ
ftr-323	313	31	companies	company	NOUN
ftr-323	313	32	.	.	PUNCT
ftr-323	314	1	by	by	ADP
ftr-323	314	2	contrast	contrast	NOUN
ftr-323	314	3	,	,	PUNCT
ftr-323	314	4	territorial	territorial	ADJ
ftr-323	314	5	systems	system	NOUN
ftr-323	314	6	of	of	ADP
ftr-323	314	7	the	the	DET
ftr-323	314	8	major	major	ADJ
ftr-323	314	9	u.s	u.s	PROPN
ftr-323	314	10	.	.	PROPN
ftr-323	314	11	trading	trading	NOUN
ftr-323	314	12	partners	partner	NOUN
ftr-323	314	13	generally	generally	ADV
ftr-323	314	14	provide	provide	VERB
ftr-323	314	15	exemptions	exemption	NOUN
ftr-323	314	16	for	for	ADP
ftr-323	314	17	dividends	dividend	NOUN
ftr-323	314	18	received	receive	VERB
ftr-323	314	19	by	by	ADP
ftr-323	314	20	resident	resident	ADJ
ftr-323	314	21	companies	company	NOUN
ftr-323	314	22	from	from	ADP
ftr-323	314	23	foreign	foreign	ADJ
ftr-323	314	24	companies	company	NOUN
ftr-323	314	25	.	.	PUNCT
ftr-323	314	26	”	"	PUNCT
ftr-323	315	1	staff	staff	NOUN
ftr-323	315	2	of	of	ADP
ftr-323	315	3	joint	joint	ADJ
ftr-323	315	4	comm	comm	NOUN
ftr-323	315	5	.	.	PUNCT
ftr-323	316	1	on	on	ADP
ftr-323	316	2	tax’n	tax’n	NUM
ftr-323	316	3	,	,	PUNCT
ftr-323	316	4	jcx-33	jcx-33	NOUN
ftr-323	316	5	-	-	X
ftr-323	316	6	11	11	NUM
ftr-323	316	7	,	,	PUNCT
ftr-323	316	8	background	background	NOUN
ftr-323	316	9	and	and	CCONJ
ftr-323	316	10	selected	select	VERB
ftr-323	316	11	issues	issue	NOUN
ftr-323	316	12	related	relate	VERB
ftr-323	316	13	to	to	ADP
ftr-323	316	14	the	the	DET
ftr-323	316	15	u.s	u.s	PROPN
ftr-323	316	16	.	.	PROPN
ftr-323	316	17	international	international	ADJ
ftr-323	316	18	tax	tax	NOUN
ftr-323	316	19	system	system	NOUN
ftr-323	316	20	and	and	CCONJ
ftr-323	316	21	systems	system	NOUN
ftr-323	316	22	that	that	PRON
ftr-323	316	23	exempt	exempt	VERB
ftr-323	316	24	foreign	foreign	ADJ
ftr-323	316	25	business	business	NOUN
ftr-323	316	26	income	income	NOUN
ftr-323	316	27	8	8	NUM
ftr-323	316	28	(	(	PUNCT
ftr-323	316	29	2011	2011	NUM
ftr-323	316	30	)	)	PUNCT
ftr-323	317	1	[	[	X
ftr-323	317	2	hereinafter	hereinafter	NOUN
ftr-323	317	3	staff	staff	NOUN
ftr-323	317	4	of	of	ADP
ftr-323	317	5	joint	joint	ADJ
ftr-323	317	6	comm	comm	NOUN
ftr-323	317	7	.	.	PUNCT
ftr-323	317	8	,	,	PUNCT
ftr-323	317	9	background	background	NOUN
ftr-323	317	10	and	and	CCONJ
ftr-323	317	11	issues	issue	NOUN
ftr-323	317	12	]	]	PUNCT
ftr-323	317	13	.	.	PUNCT
ftr-323	318	1	49	49	NUM
ftr-323	318	2	.	.	PUNCT
ftr-323	319	1	a	a	DET
ftr-323	319	2	plausible	plausible	ADJ
ftr-323	319	3	argument	argument	NOUN
ftr-323	319	4	can	can	AUX
ftr-323	319	5	be	be	AUX
ftr-323	319	6	made	make	VERB
ftr-323	319	7	that	that	SCONJ
ftr-323	319	8	if	if	SCONJ
ftr-323	319	9	foreign	foreign	ADJ
ftr-323	319	10	-	-	PUNCT
ftr-323	319	11	source	source	NOUN
ftr-323	319	12	income	income	NOUN
ftr-323	319	13	is	be	AUX
ftr-323	319	14	excluded	exclude	VERB
ftr-323	319	15	from	from	ADP
ftr-323	319	16	the	the	DET
ftr-323	319	17	benefit	benefit	NOUN
ftr-323	319	18	of	of	ADP
ftr-323	319	19	a	a	DET
ftr-323	319	20	u.s	u.s	PROPN
ftr-323	319	21	.	.	PROPN
ftr-323	319	22	exemption	exemption	NOUN
ftr-323	319	23	system	system	NOUN
ftr-323	319	24	because	because	SCONJ
ftr-323	319	25	it	it	PRON
ftr-323	319	26	bears	bear	VERB
ftr-323	319	27	a	a	DET
ftr-323	319	28	rate	rate	NOUN
ftr-323	319	29	of	of	ADP
ftr-323	319	30	foreign	foreign	ADJ
ftr-323	319	31	tax	tax	NOUN
ftr-323	319	32	that	that	PRON
ftr-323	319	33	is	be	AUX
ftr-323	319	34	too	too	ADV
ftr-323	319	35	low	low	ADJ
ftr-323	319	36	to	to	PART
ftr-323	319	37	present	present	VERB
ftr-323	319	38	a	a	DET
ftr-323	319	39	meaningful	meaningful	ADJ
ftr-323	319	40	double	double	ADJ
ftr-323	319	41	tax	tax	NOUN
ftr-323	319	42	issue	issue	NOUN
ftr-323	319	43	,	,	PUNCT
ftr-323	319	44	then	then	ADV
ftr-323	319	45	a	a	DET
ftr-323	319	46	u.s	u.s	PROPN
ftr-323	319	47	.	.	PROPN
ftr-323	319	48	414	414	NUM
ftr-323	319	49	florida	florida	PROPN
ftr-323	319	50	tax	tax	NOUN
ftr-323	319	51	review	review	NOUN
ftr-323	319	52	[	[	X
ftr-323	319	53	vol	vol	NOUN
ftr-323	319	54	.	.	PUNCT
ftr-323	320	1	13:8	13:8	NUM
ftr-323	320	2	double	double	ADJ
ftr-323	320	3	tax	tax	NOUN
ftr-323	320	4	issue	issue	NOUN
ftr-323	320	5	will	will	AUX
ftr-323	320	6	arise	arise	VERB
ftr-323	320	7	if	if	SCONJ
ftr-323	320	8	the	the	DET
ftr-323	320	9	united	united	PROPN
ftr-323	320	10	states	states	PROPN
ftr-323	320	11	applies	apply	VERB
ftr-323	320	12	a	a	DET
ftr-323	320	13	residual	residual	ADJ
ftr-323	320	14	tax	tax	NOUN
ftr-323	320	15	on	on	ADP
ftr-323	320	16	the	the	DET
ftr-323	320	17	$	$	SYM
ftr-323	320	18	1	1	NUM
ftr-323	320	19	million	million	NUM
ftr-323	320	20	dividend	dividend	NOUN
ftr-323	320	21	paid	pay	VERB
ftr-323	320	22	by	by	ADP
ftr-323	320	23	fs	f	NOUN
ftr-323	320	24	to	to	ADP
ftr-323	320	25	usco	usco	NOUN
ftr-323	320	26	,	,	PUNCT
ftr-323	320	27	and	and	CCONJ
ftr-323	320	28	failure	failure	NOUN
ftr-323	320	29	to	to	PART
ftr-323	320	30	impose	impose	VERB
ftr-323	320	31	u.s	u.s	PROPN
ftr-323	320	32	.	.	PROPN
ftr-323	320	33	tax	tax	NOUN
ftr-323	320	34	would	would	AUX
ftr-323	320	35	amount	amount	VERB
ftr-323	320	36	to	to	AUX
ftr-323	320	37	walking	walk	VERB
ftr-323	320	38	away	away	ADV
ftr-323	320	39	from	from	ADP
ftr-323	320	40	as	as	ADV
ftr-323	320	41	much	much	ADJ
ftr-323	320	42	as	as	ADP
ftr-323	320	43	34	34	NUM
ftr-323	320	44	percentage	percentage	NOUN
ftr-323	320	45	points	point	NOUN
ftr-323	320	46	of	of	ADP
ftr-323	320	47	u.s	u.s	PROPN
ftr-323	320	48	.	.	PROPN
ftr-323	320	49	residual	residual	ADJ
ftr-323	320	50	tax	tax	NOUN
ftr-323	320	51	revenue	revenue	NOUN
ftr-323	320	52	even	even	ADV
ftr-323	320	53	though	though	SCONJ
ftr-323	320	54	doing	do	VERB
ftr-323	320	55	so	so	ADV
ftr-323	320	56	is	be	AUX
ftr-323	320	57	not	not	PART
ftr-323	320	58	required	require	VERB
ftr-323	320	59	by	by	ADP
ftr-323	320	60	international	international	ADJ
ftr-323	320	61	law	law	NOUN
ftr-323	320	62	.	.	PUNCT
ftr-323	321	1	the	the	DET
ftr-323	321	2	preceding	precede	VERB
ftr-323	321	3	analysis	analysis	NOUN
ftr-323	321	4	leads	lead	VERB
ftr-323	321	5	to	to	ADP
ftr-323	321	6	the	the	DET
ftr-323	321	7	suggestion	suggestion	NOUN
ftr-323	321	8	that	that	SCONJ
ftr-323	321	9	a	a	DET
ftr-323	321	10	principled	principled	ADJ
ftr-323	321	11	exemption	exemption	NOUN
ftr-323	321	12	system	system	NOUN
ftr-323	321	13	should	should	AUX
ftr-323	321	14	include	include	VERB
ftr-323	321	15	a	a	DET
ftr-323	321	16	subject	subject	VERB
ftr-323	321	17	-	-	PUNCT
ftr-323	321	18	to	to	ADP
ftr-323	321	19	-	-	PUNCT
ftr-323	321	20	tax	tax	NOUN
ftr-323	321	21	requirement	requirement	NOUN
ftr-323	321	22	.	.	PUNCT
ftr-323	322	1	that	that	PRON
ftr-323	322	2	is	is	ADV
ftr-323	322	3	,	,	PUNCT
ftr-323	322	4	the	the	DET
ftr-323	322	5	exemption	exemption	NOUN
ftr-323	322	6	regime	regime	NOUN
ftr-323	322	7	should	should	AUX
ftr-323	322	8	not	not	PART
ftr-323	322	9	apply	apply	VERB
ftr-323	322	10	to	to	ADP
ftr-323	322	11	dividends	dividend	NOUN
ftr-323	322	12	unless	unless	SCONJ
ftr-323	322	13	a	a	DET
ftr-323	322	14	meaningful	meaningful	ADJ
ftr-323	322	15	foreign	foreign	ADJ
ftr-323	322	16	tax	tax	NOUN
ftr-323	322	17	has	have	AUX
ftr-323	322	18	been	be	AUX
ftr-323	322	19	paid	pay	VERB
ftr-323	322	20	in	in	ADP
ftr-323	322	21	respect	respect	NOUN
ftr-323	322	22	of	of	ADP
ftr-323	322	23	the	the	DET
ftr-323	322	24	earnings	earning	NOUN
ftr-323	322	25	distributed,50	distributed,50	NOUN
ftr-323	322	26	or	or	CCONJ
ftr-323	322	27	the	the	DET
ftr-323	322	28	dividend	dividend	NOUN
ftr-323	322	29	deduction	deduction	NOUN
ftr-323	322	30	for	for	ADP
ftr-323	322	31	that	that	DET
ftr-323	322	32	foreign	foreign	ADJ
ftr-323	322	33	tax	tax	NOUN
ftr-323	322	34	is	be	AUX
ftr-323	322	35	adequate	adequate	ADJ
ftr-323	322	36	—	—	PUNCT
ftr-323	322	37	there	there	PRON
ftr-323	322	38	is	be	VERB
ftr-323	322	39	no	no	DET
ftr-323	322	40	need	need	NOUN
ftr-323	322	41	for	for	ADP
ftr-323	322	42	the	the	DET
ftr-323	322	43	complexity	complexity	NOUN
ftr-323	322	44	of	of	ADP
ftr-323	322	45	a	a	DET
ftr-323	322	46	direct	direct	ADJ
ftr-323	322	47	and	and	CCONJ
ftr-323	322	48	indirect	indirect	ADJ
ftr-323	322	49	foreign	foreign	ADJ
ftr-323	322	50	tax	tax	NOUN
ftr-323	322	51	credit	credit	NOUN
ftr-323	322	52	.	.	PUNCT
ftr-323	323	1	the	the	DET
ftr-323	323	2	international	international	ADJ
ftr-323	323	3	practice	practice	NOUN
ftr-323	323	4	,	,	PUNCT
ftr-323	323	5	however	however	ADV
ftr-323	323	6	,	,	PUNCT
ftr-323	323	7	is	be	AUX
ftr-323	323	8	to	to	PART
ftr-323	323	9	allow	allow	VERB
ftr-323	323	10	direct	direct	ADJ
ftr-323	323	11	and	and	CCONJ
ftr-323	323	12	indirect	indirect	ADJ
ftr-323	323	13	credits	credit	NOUN
ftr-323	323	14	for	for	ADP
ftr-323	323	15	foreign	foreign	ADJ
ftr-323	323	16	tax	tax	NOUN
ftr-323	323	17	imposed	impose	VERB
ftr-323	323	18	on	on	ADP
ftr-323	323	19	non	non	ADJ
ftr-323	323	20	-	-	ADJ
ftr-323	323	21	exempt	exempt	ADJ
ftr-323	323	22	income	income	NOUN
ftr-323	323	23	.	.	PUNCT
ftr-323	324	1	see	see	VERB
ftr-323	324	2	staff	staff	NOUN
ftr-323	324	3	of	of	ADP
ftr-323	324	4	joint	joint	ADJ
ftr-323	324	5	comm	comm	NOUN
ftr-323	324	6	.	.	PUNCT
ftr-323	324	7	,	,	PUNCT
ftr-323	324	8	background	background	NOUN
ftr-323	324	9	and	and	CCONJ
ftr-323	324	10	issues	issue	NOUN
ftr-323	324	11	,	,	PUNCT
ftr-323	324	12	supra	supra	PROPN
ftr-323	324	13	note	note	NOUN
ftr-323	324	14	48	48	NUM
ftr-323	324	15	,	,	PUNCT
ftr-323	324	16	at	at	ADP
ftr-323	324	17	8	8	NUM
ftr-323	324	18	.	.	PUNCT
ftr-323	325	1	we	we	PRON
ftr-323	325	2	have	have	AUX
ftr-323	325	3	adopted	adopt	VERB
ftr-323	325	4	that	that	DET
ftr-323	325	5	approach	approach	NOUN
ftr-323	325	6	in	in	ADP
ftr-323	325	7	subsequent	subsequent	ADJ
ftr-323	325	8	portions	portion	NOUN
ftr-323	325	9	of	of	ADP
ftr-323	325	10	this	this	DET
ftr-323	325	11	article	article	NOUN
ftr-323	325	12	,	,	PUNCT
ftr-323	325	13	and	and	CCONJ
ftr-323	325	14	there	there	PRON
ftr-323	325	15	seems	seem	VERB
ftr-323	325	16	to	to	PART
ftr-323	325	17	be	be	AUX
ftr-323	325	18	no	no	DET
ftr-323	325	19	reason	reason	NOUN
ftr-323	325	20	to	to	PART
ftr-323	325	21	carve	carve	VERB
ftr-323	325	22	out	out	ADP
ftr-323	325	23	special	special	ADJ
ftr-323	325	24	treatment	treatment	NOUN
ftr-323	325	25	for	for	ADP
ftr-323	325	26	one	one	NUM
ftr-323	325	27	particular	particular	ADJ
ftr-323	325	28	class	class	NOUN
ftr-323	325	29	of	of	ADP
ftr-323	325	30	non	non	ADJ
ftr-323	325	31	-	-	ADJ
ftr-323	325	32	exempt	exempt	ADJ
ftr-323	325	33	income	income	NOUN
ftr-323	325	34	(	(	PUNCT
ftr-323	325	35	i.e.	i.e.	X
ftr-323	325	36	,	,	PUNCT
ftr-323	325	37	foreign	foreign	ADJ
ftr-323	325	38	-	-	PUNCT
ftr-323	325	39	source	source	NOUN
ftr-323	325	40	income	income	NOUN
ftr-323	325	41	that	that	PRON
ftr-323	325	42	does	do	AUX
ftr-323	325	43	not	not	PART
ftr-323	325	44	bear	bear	VERB
ftr-323	325	45	a	a	DET
ftr-323	325	46	meaningful	meaningful	ADJ
ftr-323	325	47	foreign	foreign	ADJ
ftr-323	325	48	tax	tax	NOUN
ftr-323	325	49	)	)	PUNCT
ftr-323	325	50	.	.	PUNCT
ftr-323	326	1	indeed	indeed	ADV
ftr-323	326	2	,	,	PUNCT
ftr-323	326	3	the	the	DET
ftr-323	326	4	carve	carve	NOUN
ftr-323	326	5	-	-	PUNCT
ftr-323	326	6	out	out	NOUN
ftr-323	326	7	would	would	AUX
ftr-323	326	8	seem	seem	VERB
ftr-323	326	9	to	to	PART
ftr-323	326	10	increase	increase	VERB
ftr-323	326	11	complexity	complexity	NOUN
ftr-323	326	12	with	with	ADP
ftr-323	326	13	little	little	ADJ
ftr-323	326	14	offsetting	offset	VERB
ftr-323	326	15	benefit	benefit	NOUN
ftr-323	326	16	.	.	PUNCT
ftr-323	327	1	50	50	NUM
ftr-323	327	2	.	.	PUNCT
ftr-323	328	1	as	as	SCONJ
ftr-323	328	2	noted	note	VERB
ftr-323	328	3	by	by	ADP
ftr-323	328	4	two	two	NUM
ftr-323	328	5	commentators	commentator	NOUN
ftr-323	328	6	:	:	PUNCT
ftr-323	328	7	“	"	PUNCT
ftr-323	328	8	a	a	DET
ftr-323	328	9	dividends	dividend	NOUN
ftr-323	328	10	exemption	exemption	NOUN
ftr-323	328	11	is	be	AUX
ftr-323	328	12	intended	intend	VERB
ftr-323	328	13	to	to	PART
ftr-323	328	14	be	be	AUX
ftr-323	328	15	part	part	NOUN
ftr-323	328	16	of	of	ADP
ftr-323	328	17	a	a	DET
ftr-323	328	18	system	system	NOUN
ftr-323	328	19	for	for	ADP
ftr-323	328	20	alleviating	alleviate	VERB
ftr-323	328	21	double	double	ADJ
ftr-323	328	22	taxation	taxation	NOUN
ftr-323	328	23	,	,	PUNCT
ftr-323	328	24	not	not	PART
ftr-323	328	25	a	a	DET
ftr-323	328	26	means	means	NOUN
ftr-323	328	27	of	of	ADP
ftr-323	328	28	allowing	allow	VERB
ftr-323	328	29	companies	company	NOUN
ftr-323	328	30	to	to	PART
ftr-323	328	31	avoid	avoid	VERB
ftr-323	328	32	domestic	domestic	ADJ
ftr-323	328	33	taxation	taxation	NOUN
ftr-323	328	34	on	on	ADP
ftr-323	328	35	repatriations	repatriation	NOUN
ftr-323	328	36	of	of	ADP
ftr-323	328	37	income	income	NOUN
ftr-323	328	38	that	that	PRON
ftr-323	328	39	has	have	AUX
ftr-323	328	40	not	not	PART
ftr-323	328	41	been	be	AUX
ftr-323	328	42	subject	subject	ADJ
ftr-323	328	43	to	to	ADP
ftr-323	328	44	substantial	substantial	ADJ
ftr-323	328	45	taxation	taxation	NOUN
ftr-323	328	46	anywhere	anywhere	ADV
ftr-323	328	47	in	in	ADP
ftr-323	328	48	the	the	DET
ftr-323	328	49	world	world	NOUN
ftr-323	328	50	.	.	PUNCT
ftr-323	328	51	”	"	PUNCT
ftr-323	329	1	lokken	lokken	PROPN
ftr-323	329	2	&	&	CCONJ
ftr-323	329	3	kitamura	kitamura	PROPN
ftr-323	329	4	,	,	PUNCT
ftr-323	329	5	credit	credit	NOUN
ftr-323	329	6	v.	v.	ADP
ftr-323	329	7	exemption	exemption	NOUN
ftr-323	329	8	,	,	PUNCT
ftr-323	329	9	supra	supra	PROPN
ftr-323	329	10	note	note	NOUN
ftr-323	329	11	1	1	NUM
ftr-323	329	12	,	,	PUNCT
ftr-323	329	13	at	at	ADP
ftr-323	329	14	646	646	NUM
ftr-323	329	15	;	;	PUNCT
ftr-323	329	16	see	see	VERB
ftr-323	329	17	also	also	ADV
ftr-323	329	18	staff	staff	NOUN
ftr-323	329	19	of	of	ADP
ftr-323	329	20	joint	joint	ADJ
ftr-323	329	21	comm	comm	NOUN
ftr-323	329	22	.	.	PUNCT
ftr-323	329	23	,	,	PUNCT
ftr-323	329	24	background	background	NOUN
ftr-323	329	25	and	and	CCONJ
ftr-323	329	26	issues	issue	NOUN
ftr-323	329	27	,	,	PUNCT
ftr-323	329	28	supra	supra	PROPN
ftr-323	329	29	note	note	NOUN
ftr-323	329	30	48	48	NUM
ftr-323	329	31	,	,	PUNCT
ftr-323	329	32	at	at	ADP
ftr-323	329	33	8	8	NUM
ftr-323	329	34	;	;	PUNCT
ftr-323	329	35	staff	staff	NOUN
ftr-323	329	36	of	of	ADP
ftr-323	329	37	joint	joint	ADJ
ftr-323	329	38	comm	comm	NOUN
ftr-323	329	39	.	.	PUNCT
ftr-323	330	1	on	on	ADP
ftr-323	330	2	tax’n	tax’n	NUM
ftr-323	330	3	,	,	PUNCT
ftr-323	330	4	jcx-55	jcx-55	NOUN
ftr-323	330	5	-	-	NOUN
ftr-323	330	6	08	08	NUM
ftr-323	330	7	,	,	PUNCT
ftr-323	330	8	economic	economic	ADJ
ftr-323	330	9	efficiency	efficiency	NOUN
ftr-323	330	10	and	and	CCONJ
ftr-323	330	11	structural	structural	ADJ
ftr-323	330	12	analyses	analysis	NOUN
ftr-323	330	13	of	of	ADP
ftr-323	330	14	alternative	alternative	ADJ
ftr-323	330	15	u.s	u.s	PROPN
ftr-323	330	16	.	.	PROPN
ftr-323	330	17	tax	tax	NOUN
ftr-323	330	18	policies	policy	NOUN
ftr-323	330	19	for	for	ADP
ftr-323	330	20	foreign	foreign	ADJ
ftr-323	330	21	direct	direct	ADJ
ftr-323	330	22	investment	investment	NOUN
ftr-323	330	23	38	38	NUM
ftr-323	330	24	(	(	PUNCT
ftr-323	330	25	2008	2008	NUM
ftr-323	330	26	)	)	PUNCT
ftr-323	331	1	[	[	X
ftr-323	331	2	hereinafter	hereinafter	NOUN
ftr-323	331	3	staff	staff	NOUN
ftr-323	331	4	of	of	ADP
ftr-323	331	5	joint	joint	ADJ
ftr-323	331	6	comm	comm	NOUN
ftr-323	331	7	.	.	PUNCT
ftr-323	331	8	,	,	PUNCT
ftr-323	331	9	analyses	analysis	NOUN
ftr-323	331	10	of	of	ADP
ftr-323	331	11	alternative	alternative	ADJ
ftr-323	331	12	policies	policy	NOUN
ftr-323	331	13	]	]	PUNCT
ftr-323	331	14	;	;	PUNCT
ftr-323	331	15	u.s	u.s	PROPN
ftr-323	331	16	.	.	PROPN
ftr-323	331	17	dep’t	dep’t	NOUN
ftr-323	331	18	of	of	ADP
ftr-323	331	19	the	the	DET
ftr-323	331	20	treas	treas	PROPN
ftr-323	331	21	.	.	PUNCT
ftr-323	331	22	,	,	PUNCT
ftr-323	331	23	international	international	ADJ
ftr-323	331	24	tax	tax	NOUN
ftr-323	331	25	reform	reform	NOUN
ftr-323	331	26	:	:	PUNCT
ftr-323	331	27	an	an	DET
ftr-323	331	28	interim	interim	ADJ
ftr-323	331	29	report	report	NOUN
ftr-323	331	30	42–43	42–43	NUM
ftr-323	331	31	(	(	PUNCT
ftr-323	331	32	1993	1993	NUM
ftr-323	331	33	)	)	PUNCT
ftr-323	332	1	[	[	X
ftr-323	332	2	hereinafter	hereinafter	NOUN
ftr-323	332	3	u.s	u.s	PROPN
ftr-323	332	4	.	.	PROPN
ftr-323	332	5	treas	treas	PROPN
ftr-323	332	6	.	.	PUNCT
ftr-323	332	7	dep’t	dep’t	PROPN
ftr-323	332	8	,	,	PUNCT
ftr-323	332	9	interim	interim	PROPN
ftr-323	332	10	rep	rep	PROPN
ftr-323	332	11	.	.	PROPN
ftr-323	332	12	]	]	X
ftr-323	332	13	;	;	PUNCT
ftr-323	332	14	hugh	hugh	PROPN
ftr-323	332	15	j.	j.	PROPN
ftr-323	332	16	ault	ault	PROPN
ftr-323	332	17	&	&	CCONJ
ftr-323	332	18	brian	brian	PROPN
ftr-323	332	19	j.	j.	PROPN
ftr-323	332	20	arnold	arnold	PROPN
ftr-323	332	21	,	,	PUNCT
ftr-323	332	22	comparative	comparative	ADJ
ftr-323	332	23	income	income	NOUN
ftr-323	332	24	taxation	taxation	NOUN
ftr-323	332	25	:	:	PUNCT
ftr-323	332	26	a	a	DET
ftr-323	332	27	structural	structural	ADJ
ftr-323	332	28	analysis	analysis	NOUN
ftr-323	332	29	467	467	NUM
ftr-323	332	30	(	(	PUNCT
ftr-323	332	31	3d	3d	NUM
ftr-323	332	32	ed	ed	NOUN
ftr-323	332	33	.	.	PROPN
ftr-323	332	34	2010	2010	NUM
ftr-323	332	35	)	)	PUNCT
ftr-323	333	1	[	[	X
ftr-323	333	2	hereinafter	hereinafter	NOUN
ftr-323	333	3	ault	ault	PROPN
ftr-323	333	4	&	&	CCONJ
ftr-323	333	5	arnold	arnold	PROPN
ftr-323	333	6	,	,	PUNCT
ftr-323	333	7	comparative	comparative	ADJ
ftr-323	333	8	taxation	taxation	NOUN
ftr-323	333	9	]	]	PUNCT
ftr-323	333	10	;	;	PUNCT
ftr-323	333	11	michael	michael	PROPN
ftr-323	333	12	j.	j.	PROPN
ftr-323	333	13	graetz	graetz	PROPN
ftr-323	333	14	,	,	PUNCT
ftr-323	333	15	the	the	DET
ftr-323	333	16	david	david	PROPN
ftr-323	333	17	tillinghast	tillinghast	PROPN
ftr-323	333	18	lecture	lecture	PROPN
ftr-323	333	19	,	,	PUNCT
ftr-323	333	20	taxing	tax	VERB
ftr-323	333	21	international	international	ADJ
ftr-323	333	22	income	income	NOUN
ftr-323	333	23	:	:	PUNCT
ftr-323	333	24	inadequate	inadequate	ADJ
ftr-323	333	25	principles	principle	NOUN
ftr-323	333	26	,	,	PUNCT
ftr-323	333	27	outdated	outdated	ADJ
ftr-323	333	28	concepts	concept	NOUN
ftr-323	333	29	,	,	PUNCT
ftr-323	333	30	and	and	CCONJ
ftr-323	333	31	unsatisfactory	unsatisfactory	ADJ
ftr-323	333	32	policies	policy	NOUN
ftr-323	333	33	,	,	PUNCT
ftr-323	333	34	54	54	NUM
ftr-323	333	35	tax	tax	NOUN
ftr-323	333	36	l.	l.	PROPN
ftr-323	333	37	rev	rev	PROPN
ftr-323	333	38	.	.	PROPN
ftr-323	333	39	261	261	NUM
ftr-323	333	40	,	,	PUNCT
ftr-323	333	41	330–31	330–31	NUM
ftr-323	333	42	(	(	PUNCT
ftr-323	333	43	2001	2001	NUM
ftr-323	333	44	)	)	PUNCT
ftr-323	334	1	[	[	X
ftr-323	334	2	hereinafter	hereinafter	NOUN
ftr-323	334	3	graetz	graetz	NOUN
ftr-323	334	4	,	,	PUNCT
ftr-323	334	5	inadequate	inadequate	ADJ
ftr-323	334	6	principles	principle	NOUN
ftr-323	334	7	]	]	PUNCT
ftr-323	334	8	;	;	PUNCT
ftr-323	334	9	michael	michael	PROPN
ftr-323	334	10	j.	j.	PROPN
ftr-323	334	11	graetz	graetz	PROPN
ftr-323	334	12	&	&	CCONJ
ftr-323	334	13	paul	paul	PROPN
ftr-323	334	14	w.	w.	PROPN
ftr-323	334	15	oosterhuis	oosterhuis	PROPN
ftr-323	334	16	,	,	PUNCT
ftr-323	334	17	structuring	structure	VERB
ftr-323	334	18	an	an	DET
ftr-323	334	19	exemption	exemption	NOUN
ftr-323	334	20	system	system	NOUN
ftr-323	334	21	for	for	ADP
ftr-323	334	22	foreign	foreign	ADJ
ftr-323	334	23	income	income	NOUN
ftr-323	334	24	of	of	ADP
ftr-323	334	25	u.s	u.s	PROPN
ftr-323	334	26	.	.	PROPN
ftr-323	334	27	corporations	corporation	NOUN
ftr-323	334	28	,	,	PUNCT
ftr-323	334	29	54	54	NUM
ftr-323	334	30	nat’l	nat’l	NOUN
ftr-323	334	31	tax	tax	NOUN
ftr-323	334	32	j.	j.	PROPN
ftr-323	334	33	771	771	PROPN
ftr-323	334	34	,	,	PUNCT
ftr-323	334	35	783	783	NUM
ftr-323	334	36	(	(	PUNCT
ftr-323	334	37	2001	2001	NUM
ftr-323	334	38	)	)	PUNCT
ftr-323	335	1	[	[	X
ftr-323	335	2	hereinafter	hereinafter	NOUN
ftr-323	335	3	graetz	graetz	PROPN
ftr-323	335	4	&	&	CCONJ
ftr-323	335	5	oosterhuis	oosterhuis	PROPN
ftr-323	335	6	,	,	PUNCT
ftr-323	335	7	structuring	structure	VERB
ftr-323	335	8	an	an	DET
ftr-323	335	9	exemption	exemption	NOUN
ftr-323	335	10	system	system	NOUN
ftr-323	335	11	]	]	PUNCT
ftr-323	335	12	.	.	PUNCT
ftr-323	336	1	existing	exist	VERB
ftr-323	336	2	regulations	regulation	NOUN
ftr-323	336	3	under	under	ADP
ftr-323	336	4	the	the	DET
ftr-323	336	5	foreign	foreign	ADJ
ftr-323	336	6	tax	tax	NOUN
ftr-323	336	7	credit	credit	NOUN
ftr-323	336	8	limitation	limitation	NOUN
ftr-323	336	9	provide	provide	VERB
ftr-323	336	10	rules	rule	NOUN
ftr-323	336	11	for	for	ADP
ftr-323	336	12	assigning	assign	VERB
ftr-323	336	13	foreign	foreign	ADJ
ftr-323	336	14	tax	tax	NOUN
ftr-323	336	15	to	to	ADP
ftr-323	336	16	income	income	VERB
ftr-323	336	17	under	under	ADP
ftr-323	336	18	u.s	u.s	PROPN
ftr-323	336	19	.	.	PROPN
ftr-323	336	20	tax	tax	NOUN
ftr-323	336	21	principles	principle	NOUN
ftr-323	336	22	.	.	PUNCT
ftr-323	337	1	see	see	VERB
ftr-323	337	2	reg	reg	NOUN
ftr-323	337	3	.	.	PUNCT
ftr-323	338	1	§	§	PROPN
ftr-323	338	2	1.904	1.904	NUM
ftr-323	338	3	-	-	SYM
ftr-323	338	4	6	6	NUM
ftr-323	338	5	.	.	PUNCT
ftr-323	339	1	a	a	DET
ftr-323	339	2	report	report	NOUN
ftr-323	339	3	by	by	ADP
ftr-323	339	4	an	an	DET
ftr-323	339	5	american	american	PROPN
ftr-323	339	6	bar	bar	PROPN
ftr-323	339	7	association	association	NOUN
ftr-323	339	8	section	section	NOUN
ftr-323	339	9	of	of	ADP
ftr-323	339	10	taxation	taxation	NOUN
ftr-323	339	11	task	task	NOUN
ftr-323	339	12	force	force	NOUN
ftr-323	339	13	gave	give	VERB
ftr-323	339	14	the	the	DET
ftr-323	339	15	following	following	ADJ
ftr-323	339	16	example	example	NOUN
ftr-323	339	17	of	of	ADP
ftr-323	339	18	the	the	DET
ftr-323	339	19	problematic	problematic	ADJ
ftr-323	339	20	results	result	NOUN
ftr-323	339	21	that	that	PRON
ftr-323	339	22	could	could	AUX
ftr-323	339	23	arise	arise	VERB
ftr-323	339	24	if	if	SCONJ
ftr-323	339	25	there	there	PRON
ftr-323	339	26	were	be	VERB
ftr-323	339	27	no	no	DET
ftr-323	339	28	requirement	requirement	NOUN
ftr-323	339	29	that	that	SCONJ
ftr-323	339	30	the	the	DET
ftr-323	339	31	foreign	foreign	ADJ
ftr-323	339	32	income	income	NOUN
ftr-323	339	33	be	be	VERB
ftr-323	339	34	subject	subject	ADJ
ftr-323	339	35	to	to	ADP
ftr-323	339	36	a	a	DET
ftr-323	339	37	meaningful	meaningful	ADJ
ftr-323	339	38	foreign	foreign	ADJ
ftr-323	339	39	tax	tax	NOUN
ftr-323	339	40	:	:	PUNCT
ftr-323	340	1	[	[	X
ftr-323	340	2	a	a	X
ftr-323	340	3	]	]	X
ftr-323	340	4	local	local	ADJ
ftr-323	340	5	[	[	X
ftr-323	340	6	u.s	u.s	PROPN
ftr-323	340	7	.	.	PROPN
ftr-323	340	8	]	]	PUNCT
ftr-323	340	9	manufacturer	manufacturer	NOUN
ftr-323	340	10	that	that	PRON
ftr-323	340	11	has	have	VERB
ftr-323	340	12	only	only	ADV
ftr-323	340	13	one	one	NUM
ftr-323	340	14	line	line	NOUN
ftr-323	340	15	of	of	ADP
ftr-323	340	16	products	product	NOUN
ftr-323	340	17	and	and	CCONJ
ftr-323	340	18	only	only	ADV
ftr-323	340	19	sells	sell	VERB
ftr-323	340	20	products	product	NOUN
ftr-323	340	21	to	to	ADP
ftr-323	340	22	u.s	u.s	PROPN
ftr-323	340	23	.	.	PROPN
ftr-323	340	24	customers	customer	NOUN
ftr-323	341	1	[	[	X
ftr-323	341	2	]	]	X
ftr-323	341	3	could	could	AUX
ftr-323	341	4	benefit	benefit	VERB
ftr-323	341	5	from	from	ADP
ftr-323	341	6	manufacturing	manufacture	VERB
ftr-323	341	7	the	the	DET
ftr-323	341	8	product	product	NOUN
ftr-323	341	9	in	in	ADP
ftr-323	341	10	ireland	ireland	PROPN
ftr-323	341	11	(	(	PUNCT
ftr-323	341	12	whether	whether	SCONJ
ftr-323	341	13	through	through	ADP
ftr-323	341	14	a	a	DET
ftr-323	341	15	cfc	cfc	NOUN
ftr-323	341	16	or	or	CCONJ
ftr-323	341	17	an	an	DET
ftr-323	341	18	irish	irish	ADJ
ftr-323	341	19	branch	branch	NOUN
ftr-323	341	20	)	)	PUNCT
ftr-323	341	21	,	,	PUNCT
ftr-323	341	22	selling	sell	VERB
ftr-323	341	23	the	the	DET
ftr-323	341	24	product	product	NOUN
ftr-323	341	25	back	back	ADV
ftr-323	341	26	to	to	ADP
ftr-323	341	27	the	the	DET
ftr-323	341	28	united	united	PROPN
ftr-323	341	29	states	states	PROPN
ftr-323	341	30	,	,	PUNCT
ftr-323	341	31	paying	pay	VERB
ftr-323	341	32	the	the	DET
ftr-323	341	33	irish	irish	ADJ
ftr-323	341	34	corporate	corporate	ADJ
ftr-323	341	35	tax	tax	NOUN
ftr-323	341	36	on	on	ADP
ftr-323	341	37	the	the	DET
ftr-323	341	38	manufacturing	manufacture	VERB
ftr-323	341	39	earnings	earning	NOUN
ftr-323	341	40	at	at	ADP
ftr-323	341	41	a	a	DET
ftr-323	341	42	2012	2012	NUM
ftr-323	341	43	]	]	PUNCT
ftr-323	341	44	exemption	exemption	NOUN
ftr-323	341	45	when	when	SCONJ
ftr-323	341	46	the	the	DET
ftr-323	341	47	treasury	treasury	NOUN
ftr-323	341	48	is	be	AUX
ftr-323	341	49	empty	empty	ADJ
ftr-323	341	50	415	415	NUM
ftr-323	341	51	payor	payor	NOUN
ftr-323	341	52	is	be	AUX
ftr-323	341	53	a	a	DET
ftr-323	341	54	resident	resident	NOUN
ftr-323	341	55	in	in	ADP
ftr-323	341	56	a	a	DET
ftr-323	341	57	country	country	NOUN
ftr-323	341	58	with	with	ADP
ftr-323	341	59	which	which	PRON
ftr-323	341	60	the	the	DET
ftr-323	341	61	united	united	PROPN
ftr-323	341	62	states	states	PROPN
ftr-323	341	63	has	have	VERB
ftr-323	341	64	a	a	DET
ftr-323	341	65	bilateral	bilateral	ADJ
ftr-323	341	66	tax	tax	NOUN
ftr-323	341	67	treaty	treaty	NOUN
ftr-323	341	68	that	that	PRON
ftr-323	341	69	reciprocally	reciprocally	ADV
ftr-323	341	70	waives	waive	VERB
ftr-323	341	71	the	the	DET
ftr-323	341	72	subject	subject	NOUN
ftr-323	341	73	-	-	PUNCT
ftr-323	341	74	to	to	ADP
ftr-323	341	75	-	-	PUNCT
ftr-323	341	76	tax	tax	NOUN
ftr-323	341	77	requirement.51	requirement.51	NOUN
ftr-323	341	78	but	but	CCONJ
ftr-323	341	79	what	what	PRON
ftr-323	341	80	if	if	SCONJ
ftr-323	341	81	lowtaxia	lowtaxia	PROPN
ftr-323	341	82	applied	apply	VERB
ftr-323	341	83	a	a	DET
ftr-323	341	84	35	35	NUM
ftr-323	341	85	percent	percent	NOUN
ftr-323	341	86	tax	tax	NOUN
ftr-323	341	87	to	to	ADP
ftr-323	341	88	the	the	DET
ftr-323	341	89	fs	f	NOUN
ftr-323	341	90	profits	profit	NOUN
ftr-323	341	91	from	from	ADP
ftr-323	341	92	which	which	PRON
ftr-323	341	93	the	the	DET
ftr-323	341	94	$	$	SYM
ftr-323	341	95	1	1	NUM
ftr-323	341	96	million	million	NUM
ftr-323	341	97	dividend	dividend	NOUN
ftr-323	341	98	was	be	AUX
ftr-323	341	99	paid	pay	VERB
ftr-323	341	100	to	to	PART
ftr-323	341	101	usco	usco	VERB
ftr-323	341	102	.	.	PUNCT
ftr-323	342	1	although	although	SCONJ
ftr-323	342	2	the	the	DET
ftr-323	342	3	u.s	u.s	PROPN
ftr-323	342	4	.	.	PROPN
ftr-323	342	5	indirect	indirect	ADJ
ftr-323	342	6	foreign	foreign	ADJ
ftr-323	342	7	tax	tax	NOUN
ftr-323	342	8	credit	credit	NOUN
ftr-323	342	9	would	would	AUX
ftr-323	342	10	alleviate	alleviate	VERB
ftr-323	342	11	double	double	ADJ
ftr-323	342	12	taxation	taxation	NOUN
ftr-323	342	13	,	,	PUNCT
ftr-323	342	14	there	there	PRON
ftr-323	342	15	would	would	AUX
ftr-323	342	16	be	be	AUX
ftr-323	342	17	no	no	DET
ftr-323	342	18	u.s	u.s	PROPN
ftr-323	342	19	.	.	PROPN
ftr-323	342	20	residual	residual	ADJ
ftr-323	342	21	tax	tax	NOUN
ftr-323	342	22	revenue	revenue	NOUN
ftr-323	342	23	to	to	PART
ftr-323	342	24	protect	protect	VERB
ftr-323	342	25	because	because	SCONJ
ftr-323	342	26	the	the	DET
ftr-323	342	27	credit	credit	NOUN
ftr-323	342	28	would	would	AUX
ftr-323	342	29	fully	fully	ADV
ftr-323	342	30	offset	offset	VERB
ftr-323	342	31	the	the	DET
ftr-323	342	32	preforeign	preforeign	ADJ
ftr-323	342	33	tax	tax	NOUN
ftr-323	342	34	credit	credit	NOUN
ftr-323	342	35	u.s	u.s	PROPN
ftr-323	342	36	.	.	PROPN
ftr-323	342	37	levy.52	levy.52	PROPN
ftr-323	342	38	this	this	DET
ftr-323	342	39	clear	clear	ADJ
ftr-323	342	40	difference	difference	NOUN
ftr-323	342	41	from	from	ADP
ftr-323	342	42	the	the	DET
ftr-323	342	43	1	1	NUM
ftr-323	342	44	percent	percent	NOUN
ftr-323	342	45	foreign	foreign	ADJ
ftr-323	342	46	tax	tax	NOUN
ftr-323	342	47	scenario	scenario	NOUN
ftr-323	342	48	,	,	PUNCT
ftr-323	342	49	where	where	SCONJ
ftr-323	342	50	up	up	ADP
ftr-323	342	51	to	to	PART
ftr-323	342	52	34	34	NUM
ftr-323	342	53	percentage	percentage	NOUN
ftr-323	342	54	points	point	NOUN
ftr-323	342	55	of	of	ADP
ftr-323	342	56	u.s	u.s	PROPN
ftr-323	342	57	.	.	PROPN
ftr-323	342	58	residual	residual	ADJ
ftr-323	342	59	tax	tax	NOUN
ftr-323	342	60	were	be	AUX
ftr-323	342	61	at	at	ADP
ftr-323	342	62	stake,53	stake,53	NOUN
ftr-323	342	63	means	mean	VERB
ftr-323	342	64	that	that	SCONJ
ftr-323	342	65	there	there	PRON
ftr-323	342	66	would	would	AUX
ftr-323	342	67	be	be	AUX
ftr-323	342	68	no	no	DET
ftr-323	342	69	compelling	compelling	ADJ
ftr-323	342	70	reason	reason	NOUN
ftr-323	342	71	to	to	PART
ftr-323	342	72	treat	treat	VERB
ftr-323	342	73	the	the	DET
ftr-323	342	74	dividend	dividend	NOUN
ftr-323	342	75	as	as	ADP
ftr-323	342	76	non	non	ADJ
ftr-323	342	77	-	-	ADJ
ftr-323	342	78	exempt.54	exempt.54	NOUN
ftr-323	342	79	clearly	clearly	ADV
ftr-323	342	80	,	,	PUNCT
ftr-323	342	81	somewhere	somewhere	ADV
ftr-323	342	82	between	between	ADP
ftr-323	342	83	a	a	DET
ftr-323	342	84	35	35	NUM
ftr-323	342	85	percent	percent	NOUN
ftr-323	342	86	lowtaxia	lowtaxia	ADJ
ftr-323	342	87	rate	rate	NOUN
ftr-323	342	88	and	and	CCONJ
ftr-323	342	89	a	a	DET
ftr-323	342	90	1	1	NUM
ftr-323	342	91	percent	percent	NOUN
ftr-323	342	92	lowtaxia	lowtaxia	ADJ
ftr-323	342	93	rate	rate	NOUN
ftr-323	342	94	,	,	PUNCT
ftr-323	342	95	there	there	PRON
ftr-323	342	96	is	be	VERB
ftr-323	342	97	a	a	DET
ftr-323	342	98	foreign	foreign	ADJ
ftr-323	342	99	tax	tax	NOUN
ftr-323	342	100	rate	rate	NOUN
ftr-323	342	101	benchmark	benchmark	NOUN
ftr-323	342	102	below	below	ADP
ftr-323	342	103	which	which	PRON
ftr-323	342	104	the	the	DET
ftr-323	342	105	u.s	u.s	PROPN
ftr-323	342	106	.	.	PROPN
ftr-323	342	107	residual	residual	ADJ
ftr-323	342	108	tax	tax	NOUN
ftr-323	342	109	is	be	AUX
ftr-323	342	110	too	too	ADV
ftr-323	342	111	large	large	ADJ
ftr-323	342	112	to	to	PART
ftr-323	342	113	abandon	abandon	VERB
ftr-323	342	114	and	and	CCONJ
ftr-323	342	115	above	above	ADP
ftr-323	342	116	which	which	PRON
ftr-323	342	117	the	the	DET
ftr-323	342	118	residual	residual	ADJ
ftr-323	342	119	tax	tax	NOUN
ftr-323	342	120	is	be	AUX
ftr-323	342	121	too	too	ADV
ftr-323	342	122	small	small	ADJ
ftr-323	342	123	to	to	PART
ftr-323	342	124	justify	justify	VERB
ftr-323	342	125	the	the	DET
ftr-323	342	126	complexity	complexity	NOUN
ftr-323	342	127	of	of	ADP
ftr-323	342	128	moving	move	VERB
ftr-323	342	129	otherwise	otherwise	ADV
ftr-323	342	130	exempt	exempt	ADJ
ftr-323	342	131	foreign	foreign	ADJ
ftr-323	342	132	income	income	NOUN
ftr-323	342	133	into	into	ADP
ftr-323	342	134	a	a	DET
ftr-323	342	135	credit	credit	NOUN
ftr-323	342	136	regime	regime	NOUN
ftr-323	342	137	.	.	PUNCT
ftr-323	343	1	finding	find	VERB
ftr-323	343	2	the	the	DET
ftr-323	343	3	tipping	tipping	NOUN
ftr-323	343	4	point	point	NOUN
ftr-323	343	5	at	at	ADP
ftr-323	343	6	which	which	PRON
ftr-323	343	7	a	a	DET
ftr-323	343	8	subject	subject	ADJ
ftr-323	343	9	-	-	PUNCT
ftr-323	343	10	totax	totax	ADJ
ftr-323	343	11	rule	rule	NOUN
ftr-323	343	12	should	should	AUX
ftr-323	343	13	switch	switch	VERB
ftr-323	343	14	on	on	ADP
ftr-323	343	15	and	and	CCONJ
ftr-323	343	16	off	off	ADV
ftr-323	343	17	is	be	AUX
ftr-323	343	18	a	a	DET
ftr-323	343	19	challenge	challenge	NOUN
ftr-323	343	20	.	.	PUNCT
ftr-323	344	1	b.	b.	PROPN
ftr-323	345	1	the	the	DET
ftr-323	345	2	benchmark	benchmark	NOUN
ftr-323	345	3	there	there	PRON
ftr-323	345	4	are	be	VERB
ftr-323	345	5	multiple	multiple	ADJ
ftr-323	345	6	candidates	candidate	NOUN
ftr-323	345	7	,	,	PUNCT
ftr-323	345	8	directly	directly	ADV
ftr-323	345	9	or	or	CCONJ
ftr-323	345	10	by	by	ADP
ftr-323	345	11	analogy	analogy	NOUN
ftr-323	345	12	,	,	PUNCT
ftr-323	345	13	for	for	ADP
ftr-323	345	14	the	the	DET
ftr-323	345	15	appropriate	appropriate	ADJ
ftr-323	345	16	benchmark	benchmark	NOUN
ftr-323	345	17	.	.	PUNCT
ftr-323	346	1	for	for	ADP
ftr-323	346	2	example	example	NOUN
ftr-323	346	3	,	,	PUNCT
ftr-323	346	4	section	section	NOUN
ftr-323	346	5	954(b)(4	954(b)(4	PROPN
ftr-323	346	6	)	)	PUNCT
ftr-323	346	7	provides	provide	VERB
ftr-323	346	8	that	that	SCONJ
ftr-323	346	9	a	a	DET
ftr-323	346	10	foreign	foreign	ADJ
ftr-323	346	11	-	-	PUNCT
ftr-323	346	12	source	source	NOUN
ftr-323	346	13	income	income	NOUN
ftr-323	346	14	item	item	NOUN
ftr-323	346	15	that	that	PRON
ftr-323	346	16	would	would	AUX
ftr-323	346	17	otherwise	otherwise	ADV
ftr-323	346	18	be	be	AUX
ftr-323	346	19	subject	subject	ADJ
ftr-323	346	20	to	to	ADP
ftr-323	346	21	current	current	ADJ
ftr-323	346	22	u.s	u.s	PROPN
ftr-323	346	23	.	.	PROPN
ftr-323	346	24	taxation	taxation	NOUN
ftr-323	346	25	as	as	ADP
ftr-323	346	26	foreign	foreign	ADJ
ftr-323	346	27	base	base	NOUN
ftr-323	346	28	company	company	NOUN
ftr-323	346	29	income	income	NOUN
ftr-323	346	30	or	or	CCONJ
ftr-323	346	31	insurance	insurance	NOUN
ftr-323	346	32	income	income	NOUN
ftr-323	346	33	is	be	AUX
ftr-323	346	34	excused	excuse	VERB
ftr-323	346	35	from	from	ADP
ftr-323	346	36	current	current	ADJ
ftr-323	346	37	u.s	u.s	PROPN
ftr-323	346	38	.	.	PROPN
ftr-323	346	39	taxation	taxation	NOUN
ftr-323	346	40	if	if	SCONJ
ftr-323	346	41	the	the	DET
ftr-323	346	42	item	item	NOUN
ftr-323	346	43	“	"	PUNCT
ftr-323	346	44	was	be	AUX
ftr-323	346	45	subject	subject	ADJ
ftr-323	346	46	to	to	ADP
ftr-323	346	47	an	an	DET
ftr-323	346	48	effective	effective	ADJ
ftr-323	346	49	rate	rate	NOUN
ftr-323	346	50	of	of	ADP
ftr-323	346	51	12.5	12.5	NUM
ftr-323	346	52	%	%	NOUN
ftr-323	346	53	tax	tax	NOUN
ftr-323	346	54	rate	rate	NOUN
ftr-323	346	55	and	and	CCONJ
ftr-323	346	56	repatriating	repatriate	VERB
ftr-323	346	57	any	any	DET
ftr-323	346	58	unused	unused	ADJ
ftr-323	346	59	cash	cash	NOUN
ftr-323	346	60	to	to	ADP
ftr-323	346	61	the	the	DET
ftr-323	346	62	u.s	u.s	PROPN
ftr-323	346	63	.	.	PROPN
ftr-323	346	64	parent	parent	NOUN
ftr-323	346	65	as	as	ADP
ftr-323	346	66	exempt	exempt	ADJ
ftr-323	346	67	earnings	earning	NOUN
ftr-323	346	68	.	.	PUNCT
ftr-323	347	1	aba	aba	PROPN
ftr-323	347	2	tax’n	tax’n	NUM
ftr-323	347	3	sec	sec	PROPN
ftr-323	347	4	.	.	PUNCT
ftr-323	347	5	task	task	PROPN
ftr-323	347	6	force	force	NOUN
ftr-323	347	7	,	,	PUNCT
ftr-323	347	8	report	report	NOUN
ftr-323	347	9	of	of	ADP
ftr-323	347	10	the	the	DET
ftr-323	347	11	task	task	NOUN
ftr-323	347	12	force	force	NOUN
ftr-323	347	13	on	on	ADP
ftr-323	347	14	international	international	ADJ
ftr-323	347	15	tax	tax	NOUN
ftr-323	347	16	reform	reform	NOUN
ftr-323	347	17	,	,	PUNCT
ftr-323	347	18	59	59	NUM
ftr-323	347	19	tax	tax	NOUN
ftr-323	347	20	law	law	NOUN
ftr-323	347	21	.	.	PUNCT
ftr-323	348	1	649	649	NUM
ftr-323	348	2	,	,	PUNCT
ftr-323	348	3	723	723	NUM
ftr-323	348	4	(	(	PUNCT
ftr-323	348	5	2006	2006	NUM
ftr-323	348	6	)	)	PUNCT
ftr-323	349	1	[	[	X
ftr-323	349	2	hereinafter	hereinafter	NOUN
ftr-323	349	3	aba	aba	PROPN
ftr-323	349	4	tax’n	tax’n	NUM
ftr-323	349	5	sec	sec	PROPN
ftr-323	349	6	.	.	PROPN
ftr-323	349	7	,	,	PUNCT
ftr-323	349	8	task	task	PROPN
ftr-323	349	9	force	force	PROPN
ftr-323	349	10	rep	rep	PROPN
ftr-323	349	11	.	.	PROPN
ftr-323	349	12	]	]	PUNCT
ftr-323	349	13	;	;	PUNCT
ftr-323	349	14	see	see	VERB
ftr-323	349	15	also	also	ADV
ftr-323	349	16	fleming	fleming	PROPN
ftr-323	349	17	&	&	CCONJ
ftr-323	349	18	peroni	peroni	PROPN
ftr-323	349	19	,	,	PUNCT
ftr-323	349	20	exploring	explore	VERB
ftr-323	349	21	the	the	DET
ftr-323	349	22	contours	contours	NOUN
ftr-323	349	23	,	,	PUNCT
ftr-323	349	24	supra	supra	PROPN
ftr-323	349	25	note	note	PROPN
ftr-323	349	26	21	21	NUM
ftr-323	349	27	,	,	PUNCT
ftr-323	349	28	at	at	ADP
ftr-323	349	29	1566	1566	NUM
ftr-323	349	30	;	;	PUNCT
ftr-323	349	31	george	george	PROPN
ftr-323	349	32	k.	k.	PROPN
ftr-323	349	33	yin	yin	PROPN
ftr-323	349	34	,	,	PUNCT
ftr-323	349	35	reforming	reform	VERB
ftr-323	349	36	the	the	DET
ftr-323	349	37	taxation	taxation	NOUN
ftr-323	349	38	of	of	ADP
ftr-323	349	39	foreign	foreign	ADJ
ftr-323	349	40	direct	direct	ADJ
ftr-323	349	41	investment	investment	NOUN
ftr-323	349	42	by	by	ADP
ftr-323	349	43	u.s	u.s	PROPN
ftr-323	349	44	.	.	PROPN
ftr-323	349	45	taxpayers	taxpayer	NOUN
ftr-323	349	46	,	,	PUNCT
ftr-323	349	47	118	118	NUM
ftr-323	349	48	tax	tax	NOUN
ftr-323	349	49	notes	note	NOUN
ftr-323	349	50	173	173	NUM
ftr-323	349	51	,	,	PUNCT
ftr-323	349	52	180	180	NUM
ftr-323	349	53	(	(	PUNCT
ftr-323	349	54	jan	jan	PROPN
ftr-323	349	55	.	.	PROPN
ftr-323	349	56	7	7	NUM
ftr-323	349	57	,	,	PUNCT
ftr-323	349	58	2008	2008	NUM
ftr-323	349	59	)	)	PUNCT
ftr-323	349	60	(	(	PUNCT
ftr-323	349	61	would	would	AUX
ftr-323	349	62	require	require	VERB
ftr-323	349	63	exempt	exempt	ADJ
ftr-323	349	64	income	income	NOUN
ftr-323	349	65	to	to	PART
ftr-323	349	66	be	be	AUX
ftr-323	349	67	subject	subject	ADJ
ftr-323	349	68	to	to	ADP
ftr-323	349	69	tax	tax	NOUN
ftr-323	349	70	somewhere	somewhere	ADV
ftr-323	349	71	)	)	PUNCT
ftr-323	349	72	.	.	PUNCT
ftr-323	350	1	51	51	NUM
ftr-323	350	2	.	.	PUNCT
ftr-323	350	3	see	see	VERB
ftr-323	350	4	staff	staff	NOUN
ftr-323	350	5	of	of	ADP
ftr-323	350	6	joint	joint	ADJ
ftr-323	350	7	comm	comm	NOUN
ftr-323	350	8	.	.	PUNCT
ftr-323	350	9	,	,	PUNCT
ftr-323	350	10	background	background	NOUN
ftr-323	350	11	and	and	CCONJ
ftr-323	350	12	issues	issue	NOUN
ftr-323	350	13	,	,	PUNCT
ftr-323	350	14	supra	supra	PROPN
ftr-323	350	15	note	note	NOUN
ftr-323	350	16	48	48	NUM
ftr-323	350	17	,	,	PUNCT
ftr-323	350	18	at	at	ADP
ftr-323	350	19	8	8	NUM
ftr-323	350	20	;	;	PUNCT
ftr-323	350	21	ault	ault	PROPN
ftr-323	350	22	&	&	CCONJ
ftr-323	350	23	arnold	arnold	PROPN
ftr-323	350	24	,	,	PUNCT
ftr-323	350	25	comparative	comparative	ADJ
ftr-323	350	26	taxation	taxation	NOUN
ftr-323	350	27	,	,	PUNCT
ftr-323	350	28	supra	supra	PROPN
ftr-323	350	29	note	note	VERB
ftr-323	350	30	50	50	NUM
ftr-323	350	31	,	,	PUNCT
ftr-323	350	32	at	at	ADP
ftr-323	350	33	467	467	NUM
ftr-323	350	34	.	.	PROPN
ftr-323	350	35	52	52	NUM
ftr-323	350	36	.	.	X
ftr-323	351	1	thirty	thirty	NUM
ftr-323	351	2	-	-	PUNCT
ftr-323	351	3	five	five	NUM
ftr-323	351	4	percent	percent	NOUN
ftr-323	351	5	u.s	u.s	PROPN
ftr-323	351	6	.	.	PROPN
ftr-323	351	7	tentative	tentative	ADJ
ftr-323	351	8	tax	tax	NOUN
ftr-323	351	9	minus	minus	ADP
ftr-323	351	10	an	an	DET
ftr-323	351	11	indirect	indirect	ADJ
ftr-323	351	12	credit	credit	NOUN
ftr-323	351	13	for	for	ADP
ftr-323	351	14	the	the	DET
ftr-323	351	15	35	35	NUM
ftr-323	351	16	percent	percent	NOUN
ftr-323	351	17	lowtaxia	lowtaxia	ADJ
ftr-323	351	18	tax	tax	NOUN
ftr-323	351	19	equals	equal	VERB
ftr-323	351	20	zero	zero	NUM
ftr-323	351	21	u.s	u.s	PROPN
ftr-323	351	22	.	.	PROPN
ftr-323	351	23	residual	residual	ADJ
ftr-323	351	24	tax	tax	NOUN
ftr-323	351	25	.	.	PUNCT
ftr-323	352	1	53	53	NUM
ftr-323	352	2	.	.	PUNCT
ftr-323	353	1	in	in	ADP
ftr-323	353	2	the	the	DET
ftr-323	353	3	1	1	NUM
ftr-323	353	4	percent	percent	NOUN
ftr-323	353	5	scenario	scenario	NOUN
ftr-323	353	6	,	,	PUNCT
ftr-323	353	7	the	the	DET
ftr-323	353	8	u.s	u.s	PROPN
ftr-323	353	9	.	.	PROPN
ftr-323	353	10	indirect	indirect	ADJ
ftr-323	353	11	credit	credit	NOUN
ftr-323	353	12	for	for	ADP
ftr-323	353	13	the	the	DET
ftr-323	353	14	1	1	NUM
ftr-323	353	15	percent	percent	NOUN
ftr-323	353	16	foreign	foreign	ADJ
ftr-323	353	17	tax	tax	NOUN
ftr-323	353	18	leaves	leave	VERB
ftr-323	353	19	up	up	ADP
ftr-323	353	20	to	to	ADP
ftr-323	353	21	a	a	DET
ftr-323	353	22	34	34	NUM
ftr-323	353	23	percent	percent	NOUN
ftr-323	353	24	u.s	u.s	PROPN
ftr-323	353	25	.	.	PROPN
ftr-323	353	26	residual	residual	ADJ
ftr-323	353	27	tax	tax	NOUN
ftr-323	353	28	(	(	PUNCT
ftr-323	353	29	assuming	assume	VERB
ftr-323	353	30	no	no	DET
ftr-323	353	31	cross	cross	ADJ
ftr-323	353	32	-	-	ADJ
ftr-323	353	33	crediting	crediting	ADJ
ftr-323	353	34	)	)	PUNCT
ftr-323	353	35	.	.	PUNCT
ftr-323	354	1	54	54	NUM
ftr-323	354	2	.	.	PUNCT
ftr-323	355	1	this	this	PRON
ftr-323	355	2	suggests	suggest	VERB
ftr-323	355	3	that	that	SCONJ
ftr-323	355	4	in	in	ADP
ftr-323	355	5	determining	determine	VERB
ftr-323	355	6	whether	whether	SCONJ
ftr-323	355	7	a	a	DET
ftr-323	355	8	foreign	foreign	ADJ
ftr-323	355	9	tax	tax	NOUN
ftr-323	355	10	is	be	AUX
ftr-323	355	11	so	so	ADV
ftr-323	355	12	small	small	ADJ
ftr-323	355	13	that	that	SCONJ
ftr-323	355	14	it	it	PRON
ftr-323	355	15	does	do	AUX
ftr-323	355	16	not	not	PART
ftr-323	355	17	count	count	VERB
ftr-323	355	18	as	as	ADP
ftr-323	355	19	meaningful	meaningful	ADJ
ftr-323	355	20	,	,	PUNCT
ftr-323	355	21	the	the	DET
ftr-323	355	22	most	most	ADV
ftr-323	355	23	important	important	ADJ
ftr-323	355	24	factor	factor	NOUN
ftr-323	355	25	is	be	AUX
ftr-323	355	26	the	the	DET
ftr-323	355	27	spread	spread	NOUN
ftr-323	355	28	between	between	ADP
ftr-323	355	29	the	the	DET
ftr-323	355	30	u.s	u.s	PROPN
ftr-323	355	31	.	.	PROPN
ftr-323	355	32	tax	tax	NOUN
ftr-323	355	33	rate	rate	NOUN
ftr-323	355	34	and	and	CCONJ
ftr-323	355	35	the	the	DET
ftr-323	355	36	foreign	foreign	ADJ
ftr-323	355	37	tax	tax	NOUN
ftr-323	355	38	rate	rate	NOUN
ftr-323	355	39	because	because	SCONJ
ftr-323	355	40	that	that	PRON
ftr-323	355	41	spread	spread	VERB
ftr-323	355	42	determines	determine	VERB
ftr-323	355	43	the	the	DET
ftr-323	355	44	u.s	u.s	PROPN
ftr-323	355	45	.	.	PROPN
ftr-323	355	46	residual	residual	ADJ
ftr-323	355	47	tax	tax	NOUN
ftr-323	355	48	that	that	PRON
ftr-323	355	49	will	will	AUX
ftr-323	355	50	be	be	AUX
ftr-323	355	51	lost	lose	VERB
ftr-323	355	52	if	if	SCONJ
ftr-323	355	53	the	the	DET
ftr-323	355	54	u.s	u.s	PROPN
ftr-323	355	55	.	.	PROPN
ftr-323	355	56	exemption	exemption	NOUN
ftr-323	355	57	system	system	NOUN
ftr-323	355	58	is	be	AUX
ftr-323	355	59	allowed	allow	VERB
ftr-323	355	60	to	to	PART
ftr-323	355	61	apply	apply	VERB
ftr-323	355	62	.	.	PUNCT
ftr-323	356	1	avoiding	avoid	VERB
ftr-323	356	2	double	double	ADJ
ftr-323	356	3	taxation	taxation	NOUN
ftr-323	356	4	is	be	AUX
ftr-323	356	5	not	not	PART
ftr-323	356	6	the	the	DET
ftr-323	356	7	salient	salient	NOUN
ftr-323	356	8	issue	issue	NOUN
ftr-323	356	9	because	because	SCONJ
ftr-323	356	10	income	income	NOUN
ftr-323	356	11	that	that	PRON
ftr-323	356	12	is	be	AUX
ftr-323	356	13	ineligible	ineligible	ADJ
ftr-323	356	14	for	for	ADP
ftr-323	356	15	exemption	exemption	NOUN
ftr-323	356	16	would	would	AUX
ftr-323	356	17	qualify	qualify	VERB
ftr-323	356	18	for	for	ADP
ftr-323	356	19	the	the	DET
ftr-323	356	20	foreign	foreign	ADJ
ftr-323	356	21	tax	tax	NOUN
ftr-323	356	22	credit	credit	NOUN
ftr-323	356	23	regime	regime	NOUN
ftr-323	356	24	.	.	PUNCT
ftr-323	357	1	416	416	NUM
ftr-323	357	2	florida	florida	PROPN
ftr-323	357	3	tax	tax	NOUN
ftr-323	357	4	review	review	NOUN
ftr-323	357	5	[	[	X
ftr-323	357	6	vol	vol	NOUN
ftr-323	357	7	.	.	PUNCT
ftr-323	358	1	13:8	13:8	NUM
ftr-323	358	2	income	income	NOUN
ftr-323	358	3	tax	tax	NOUN
ftr-323	358	4	imposed	impose	VERB
ftr-323	358	5	by	by	ADP
ftr-323	358	6	a	a	DET
ftr-323	358	7	foreign	foreign	ADJ
ftr-323	358	8	country	country	NOUN
ftr-323	358	9	greater	great	ADJ
ftr-323	358	10	than	than	ADP
ftr-323	358	11	90	90	NUM
ftr-323	358	12	percent	percent	NOUN
ftr-323	358	13	of	of	ADP
ftr-323	358	14	the	the	DET
ftr-323	358	15	maximum	maximum	ADJ
ftr-323	358	16	rate	rate	NOUN
ftr-323	358	17	of	of	ADP
ftr-323	358	18	tax	tax	NOUN
ftr-323	358	19	specified	specify	VERB
ftr-323	358	20	in	in	ADP
ftr-323	358	21	section	section	NOUN
ftr-323	358	22	11.”55	11.”55	NUM
ftr-323	358	23	under	under	ADP
ftr-323	358	24	current	current	ADJ
ftr-323	358	25	law	law	NOUN
ftr-323	358	26	,	,	PUNCT
ftr-323	358	27	this	this	PRON
ftr-323	358	28	means	mean	VERB
ftr-323	358	29	a	a	DET
ftr-323	358	30	foreign	foreign	ADJ
ftr-323	358	31	effective	effective	ADJ
ftr-323	358	32	rate	rate	NOUN
ftr-323	358	33	greater	great	ADJ
ftr-323	358	34	than	than	ADP
ftr-323	358	35	31.5	31.5	NUM
ftr-323	358	36	percent.56	percent.56	NOUN
ftr-323	358	37	this	this	PRON
ftr-323	358	38	suggests	suggest	VERB
ftr-323	358	39	that	that	SCONJ
ftr-323	358	40	dividends	dividend	NOUN
ftr-323	358	41	should	should	AUX
ftr-323	358	42	be	be	AUX
ftr-323	358	43	excluded	exclude	VERB
ftr-323	358	44	from	from	ADP
ftr-323	358	45	a	a	DET
ftr-323	358	46	u.s	u.s	PROPN
ftr-323	358	47	.	.	PROPN
ftr-323	358	48	exemption	exemption	NOUN
ftr-323	358	49	system	system	NOUN
ftr-323	358	50	unless	unless	SCONJ
ftr-323	358	51	they	they	PRON
ftr-323	358	52	are	be	AUX
ftr-323	358	53	paid	pay	VERB
ftr-323	358	54	out	out	ADP
ftr-323	358	55	of	of	ADP
ftr-323	358	56	foreign	foreign	ADJ
ftr-323	358	57	-	-	PUNCT
ftr-323	358	58	source	source	NOUN
ftr-323	358	59	income	income	NOUN
ftr-323	358	60	that	that	PRON
ftr-323	358	61	has	have	AUX
ftr-323	358	62	borne	bear	VERB
ftr-323	358	63	a	a	DET
ftr-323	358	64	foreign	foreign	ADJ
ftr-323	358	65	effective	effective	ADJ
ftr-323	358	66	tax	tax	NOUN
ftr-323	358	67	rate	rate	NOUN
ftr-323	358	68	that	that	PRON
ftr-323	358	69	is	be	AUX
ftr-323	358	70	greater	great	ADJ
ftr-323	358	71	than	than	ADP
ftr-323	358	72	90	90	NUM
ftr-323	358	73	percent	percent	NOUN
ftr-323	358	74	of	of	ADP
ftr-323	358	75	the	the	DET
ftr-323	358	76	top	top	ADJ
ftr-323	358	77	u.s	u.s	PROPN
ftr-323	358	78	.	.	PROPN
ftr-323	358	79	corporate	corporate	ADJ
ftr-323	358	80	rate	rate	NOUN
ftr-323	358	81	.	.	PUNCT
ftr-323	359	1	alternatively	alternatively	ADV
ftr-323	359	2	,	,	PUNCT
ftr-323	359	3	the	the	DET
ftr-323	359	4	american	american	PROPN
ftr-323	359	5	law	law	PROPN
ftr-323	359	6	institute	institute	PROPN
ftr-323	359	7	(	(	PUNCT
ftr-323	359	8	ali	ali	PROPN
ftr-323	359	9	)	)	PUNCT
ftr-323	359	10	has	have	AUX
ftr-323	359	11	suggested	suggest	VERB
ftr-323	359	12	that	that	SCONJ
ftr-323	359	13	if	if	SCONJ
ftr-323	359	14	foreign	foreign	ADJ
ftr-323	359	15	-	-	PUNCT
ftr-323	359	16	source	source	NOUN
ftr-323	359	17	income	income	NOUN
ftr-323	359	18	bears	bear	VERB
ftr-323	359	19	foreign	foreign	ADJ
ftr-323	359	20	effective	effective	ADJ
ftr-323	359	21	tax	tax	NOUN
ftr-323	359	22	at	at	ADP
ftr-323	359	23	a	a	DET
ftr-323	359	24	rate	rate	NOUN
ftr-323	359	25	that	that	PRON
ftr-323	359	26	is	be	AUX
ftr-323	359	27	less	less	ADJ
ftr-323	359	28	than	than	ADP
ftr-323	359	29	50	50	NUM
ftr-323	359	30	percent	percent	NOUN
ftr-323	359	31	or	or	CCONJ
ftr-323	359	32	perhaps	perhaps	ADV
ftr-323	359	33	66	66	NUM
ftr-323	359	34	2/3	2/3	NUM
ftr-323	359	35	percent	percent	NOUN
ftr-323	359	36	“	"	PUNCT
ftr-323	359	37	of	of	ADP
ftr-323	359	38	the	the	DET
ftr-323	359	39	u.s	u.s	PROPN
ftr-323	359	40	.	.	PROPN
ftr-323	359	41	rate	rate	NOUN
ftr-323	359	42	paid	pay	VERB
ftr-323	359	43	by	by	ADP
ftr-323	359	44	the	the	DET
ftr-323	359	45	taxpayer	taxpayer	NOUN
ftr-323	359	46	,	,	PUNCT
ftr-323	359	47	”	"	PUNCT
ftr-323	359	48	it	it	PRON
ftr-323	359	49	could	could	AUX
ftr-323	359	50	appropriately	appropriately	ADV
ftr-323	359	51	be	be	AUX
ftr-323	359	52	placed	place	VERB
ftr-323	359	53	in	in	ADP
ftr-323	359	54	a	a	DET
ftr-323	359	55	“	"	PUNCT
ftr-323	359	56	low	low	ADJ
ftr-323	359	57	-	-	PUNCT
ftr-323	359	58	tax	tax	NOUN
ftr-323	359	59	”	"	PUNCT
ftr-323	359	60	basket	basket	NOUN
ftr-323	359	61	to	to	PART
ftr-323	359	62	limit	limit	VERB
ftr-323	359	63	cross	cross	ADJ
ftr-323	359	64	-	-	ADJ
ftr-323	359	65	crediting	crediting	NOUN
ftr-323	359	66	under	under	ADP
ftr-323	359	67	the	the	DET
ftr-323	359	68	u.s	u.s	PROPN
ftr-323	359	69	foreign	foreign	ADJ
ftr-323	359	70	tax	tax	NOUN
ftr-323	359	71	credit	credit	NOUN
ftr-323	359	72	system.57	system.57	PROPN
ftr-323	359	73	this	this	PRON
ftr-323	359	74	suggests	suggest	VERB
ftr-323	359	75	using	use	VERB
ftr-323	359	76	a	a	DET
ftr-323	359	77	benchmark	benchmark	NOUN
ftr-323	359	78	of	of	ADP
ftr-323	359	79	66	66	NUM
ftr-323	359	80	2/3	2/3	NUM
ftr-323	359	81	percent	percent	NOUN
ftr-323	359	82	or	or	CCONJ
ftr-323	359	83	50	50	NUM
ftr-323	359	84	percent	percent	NOUN
ftr-323	359	85	of	of	ADP
ftr-323	359	86	the	the	DET
ftr-323	359	87	u.s	u.s	PROPN
ftr-323	359	88	.	.	PROPN
ftr-323	359	89	effective	effective	ADJ
ftr-323	359	90	tax	tax	NOUN
ftr-323	359	91	rate	rate	NOUN
ftr-323	359	92	on	on	ADP
ftr-323	359	93	the	the	DET
ftr-323	359	94	income	income	NOUN
ftr-323	359	95	to	to	PART
ftr-323	359	96	identify	identify	VERB
ftr-323	359	97	foreign	foreign	ADJ
ftr-323	359	98	income	income	NOUN
ftr-323	359	99	that	that	PRON
ftr-323	359	100	would	would	AUX
ftr-323	359	101	qualify	qualify	VERB
ftr-323	359	102	as	as	ADP
ftr-323	359	103	the	the	DET
ftr-323	359	104	source	source	NOUN
ftr-323	359	105	of	of	ADP
ftr-323	359	106	exempt	exempt	ADJ
ftr-323	359	107	dividends	dividend	NOUN
ftr-323	359	108	.	.	PUNCT
ftr-323	360	1	under	under	ADP
ftr-323	360	2	current	current	ADJ
ftr-323	360	3	law	law	NOUN
ftr-323	360	4	,	,	PUNCT
ftr-323	360	5	this	this	PRON
ftr-323	360	6	would	would	AUX
ftr-323	360	7	translate	translate	VERB
ftr-323	360	8	into	into	ADP
ftr-323	360	9	an	an	DET
ftr-323	360	10	effective	effective	ADJ
ftr-323	360	11	foreign	foreign	ADJ
ftr-323	360	12	tax	tax	NOUN
ftr-323	360	13	rate	rate	NOUN
ftr-323	360	14	condition	condition	NOUN
ftr-323	360	15	for	for	ADP
ftr-323	360	16	exemption	exemption	NOUN
ftr-323	360	17	of	of	ADP
ftr-323	360	18	23	23	NUM
ftr-323	360	19	percent	percent	NOUN
ftr-323	360	20	or	or	CCONJ
ftr-323	360	21	17.5	17.5	NUM
ftr-323	360	22	percent	percent	NOUN
ftr-323	360	23	if	if	SCONJ
ftr-323	360	24	the	the	DET
ftr-323	360	25	effective	effective	ADJ
ftr-323	360	26	u.s	u.s	PROPN
ftr-323	360	27	.	.	PROPN
ftr-323	360	28	rate	rate	NOUN
ftr-323	360	29	equaled	equal	VERB
ftr-323	360	30	the	the	DET
ftr-323	360	31	top	top	ADJ
ftr-323	360	32	corporate	corporate	ADJ
ftr-323	360	33	rate	rate	NOUN
ftr-323	360	34	of	of	ADP
ftr-323	360	35	35	35	NUM
ftr-323	360	36	percent	percent	NOUN
ftr-323	360	37	.	.	PUNCT
ftr-323	361	1	two	two	NUM
ftr-323	361	2	u.s	u.s	PROPN
ftr-323	361	3	.	.	PROPN
ftr-323	361	4	scholarly	scholarly	ADJ
ftr-323	361	5	commentators	commentator	NOUN
ftr-323	361	6	suggested	suggest	VERB
ftr-323	361	7	in	in	ADP
ftr-323	361	8	2001	2001	NUM
ftr-323	361	9	that	that	SCONJ
ftr-323	361	10	if	if	SCONJ
ftr-323	361	11	there	there	PRON
ftr-323	361	12	is	be	VERB
ftr-323	361	13	to	to	PART
ftr-323	361	14	be	be	AUX
ftr-323	361	15	a	a	DET
ftr-323	361	16	benchmark	benchmark	ADJ
ftr-323	361	17	foreign	foreign	ADJ
ftr-323	361	18	rate	rate	NOUN
ftr-323	361	19	for	for	ADP
ftr-323	361	20	purposes	purpose	NOUN
ftr-323	361	21	of	of	ADP
ftr-323	361	22	identifying	identify	VERB
ftr-323	361	23	foreign	foreign	ADJ
ftr-323	361	24	-	-	PUNCT
ftr-323	361	25	source	source	NOUN
ftr-323	361	26	income	income	NOUN
ftr-323	361	27	that	that	PRON
ftr-323	361	28	can	can	AUX
ftr-323	361	29	appropriately	appropriately	ADV
ftr-323	361	30	support	support	VERB
ftr-323	361	31	exempt	exempt	ADJ
ftr-323	361	32	dividends	dividend	NOUN
ftr-323	361	33	,	,	PUNCT
ftr-323	361	34	the	the	DET
ftr-323	361	35	benchmark	benchmark	NOUN
ftr-323	361	36	should	should	AUX
ftr-323	361	37	be	be	AUX
ftr-323	361	38	set	set	VERB
ftr-323	361	39	at	at	ADP
ftr-323	361	40	an	an	DET
ftr-323	361	41	effective	effective	ADJ
ftr-323	361	42	foreign	foreign	ADJ
ftr-323	361	43	tax	tax	NOUN
ftr-323	361	44	rate	rate	NOUN
ftr-323	361	45	greater	great	ADJ
ftr-323	361	46	than	than	ADP
ftr-323	361	47	75	75	NUM
ftr-323	361	48	percent	percent	NOUN
ftr-323	361	49	of	of	ADP
ftr-323	361	50	the	the	DET
ftr-323	361	51	u.s	u.s	PROPN
ftr-323	361	52	.	.	PROPN
ftr-323	361	53	effective	effective	ADJ
ftr-323	361	54	tax	tax	NOUN
ftr-323	361	55	rate58	rate58	NOUN
ftr-323	361	56	(	(	PUNCT
ftr-323	361	57	resulting	result	VERB
ftr-323	361	58	in	in	ADP
ftr-323	361	59	a	a	DET
ftr-323	361	60	minimum	minimum	ADJ
ftr-323	361	61	foreign	foreign	ADJ
ftr-323	361	62	tax	tax	NOUN
ftr-323	361	63	rate	rate	NOUN
ftr-323	361	64	of	of	ADP
ftr-323	361	65	26	26	NUM
ftr-323	361	66	1/4	1/4	NUM
ftr-323	361	67	percent	percent	NOUN
ftr-323	361	68	under	under	ADP
ftr-323	361	69	current	current	ADJ
ftr-323	361	70	law	law	NOUN
ftr-323	361	71	if	if	SCONJ
ftr-323	361	72	the	the	DET
ftr-323	361	73	effective	effective	ADJ
ftr-323	361	74	u.s	u.s	PROPN
ftr-323	361	75	.	.	PROPN
ftr-323	361	76	tax	tax	NOUN
ftr-323	361	77	rate	rate	NOUN
ftr-323	361	78	equaled	equal	VERB
ftr-323	361	79	the	the	DET
ftr-323	361	80	maximum	maximum	ADJ
ftr-323	361	81	u.s	u.s	PROPN
ftr-323	361	82	.	.	PROPN
ftr-323	361	83	corporate	corporate	ADJ
ftr-323	361	84	rate	rate	NOUN
ftr-323	361	85	of	of	ADP
ftr-323	361	86	35	35	NUM
ftr-323	361	87	percent	percent	NOUN
ftr-323	361	88	)	)	PUNCT
ftr-323	361	89	and	and	CCONJ
ftr-323	361	90	,	,	PUNCT
ftr-323	361	91	more	more	ADV
ftr-323	361	92	recently	recently	ADV
ftr-323	361	93	,	,	PUNCT
ftr-323	361	94	another	another	DET
ftr-323	361	95	commentator	commentator	NOUN
ftr-323	361	96	has	have	AUX
ftr-323	361	97	suggested	suggest	VERB
ftr-323	361	98	an	an	DET
ftr-323	361	99	effective	effective	ADJ
ftr-323	361	100	foreign	foreign	ADJ
ftr-323	361	101	corporate	corporate	ADJ
ftr-323	361	102	tax	tax	NOUN
ftr-323	361	103	rate	rate	NOUN
ftr-323	361	104	of	of	ADP
ftr-323	361	105	at	at	ADV
ftr-323	361	106	least	least	ADV
ftr-323	361	107	20	20	NUM
ftr-323	361	108	percent.59	percent.59	NOUN
ftr-323	361	109	finally	finally	ADV
ftr-323	361	110	,	,	PUNCT
ftr-323	361	111	in	in	ADP
ftr-323	361	112	october	october	PROPN
ftr-323	361	113	2011	2011	NUM
ftr-323	361	114	,	,	PUNCT
ftr-323	361	115	the	the	DET
ftr-323	361	116	u.s	u.s	PROPN
ftr-323	361	117	.	.	PROPN
ftr-323	361	118	house	house	PROPN
ftr-323	361	119	of	of	ADP
ftr-323	361	120	representatives	representatives	PROPN
ftr-323	361	121	committee	committee	PROPN
ftr-323	361	122	on	on	ADP
ftr-323	361	123	ways	way	NOUN
ftr-323	361	124	and	and	CCONJ
ftr-323	361	125	means	mean	NOUN
ftr-323	361	126	released	release	VERB
ftr-323	361	127	a	a	DET
ftr-323	361	128	discussion	discussion	NOUN
ftr-323	361	129	draft	draft	NOUN
ftr-323	361	130	of	of	ADP
ftr-323	361	131	a	a	DET
ftr-323	361	132	u.s	u.s	PROPN
ftr-323	361	133	.	.	PROPN
ftr-323	361	134	international	international	ADJ
ftr-323	361	135	tax	tax	NOUN
ftr-323	361	136	reform	reform	NOUN
ftr-323	361	137	proposal	proposal	NOUN
ftr-323	361	138	.	.	PUNCT
ftr-323	362	1	this	this	DET
ftr-323	362	2	proposal	proposal	NOUN
ftr-323	362	3	includes	include	VERB
ftr-323	362	4	an	an	DET
ftr-323	362	5	exemption	exemption	NOUN
ftr-323	362	6	or	or	CCONJ
ftr-323	362	7	territorial	territorial	ADJ
ftr-323	362	8	system	system	NOUN
ftr-323	362	9	with	with	ADP
ftr-323	362	10	an	an	DET
ftr-323	362	11	alternative	alternative	ADJ
ftr-323	362	12	anti	anti	ADJ
ftr-323	362	13	-	-	ADJ
ftr-323	362	14	base	base	ADJ
ftr-323	362	15	erosion	erosion	NOUN
ftr-323	362	16	provision	provision	NOUN
ftr-323	362	17	that	that	PRON
ftr-323	362	18	incorporates	incorporate	VERB
ftr-323	362	19	a	a	DET
ftr-323	362	20	subject	subject	NOUN
ftr-323	362	21	-	-	PUNCT
ftr-323	362	22	to	to	ADP
ftr-323	362	23	-	-	PUNCT
ftr-323	362	24	tax	tax	NOUN
ftr-323	362	25	requirement	requirement	NOUN
ftr-323	362	26	.	.	PUNCT
ftr-323	363	1	specifically	specifically	ADV
ftr-323	363	2	,	,	PUNCT
ftr-323	363	3	this	this	DET
ftr-323	363	4	provision	provision	NOUN
ftr-323	363	5	would	would	AUX
ftr-323	363	6	disqualify	disqualify	VERB
ftr-323	363	7	foreign	foreign	ADJ
ftr-323	363	8	income	income	NOUN
ftr-323	363	9	as	as	ADP
ftr-323	363	10	the	the	DET
ftr-323	363	11	source	source	NOUN
ftr-323	363	12	of	of	ADP
ftr-323	363	13	exempt	exempt	ADJ
ftr-323	363	14	dividends	dividend	NOUN
ftr-323	363	15	unless	unless	SCONJ
ftr-323	363	16	either	either	CCONJ
ftr-323	363	17	the	the	DET
ftr-323	363	18	55	55	NUM
ftr-323	363	19	.	.	PUNCT
ftr-323	363	20	i.r.c	i.r.c	NOUN
ftr-323	363	21	.	.	PUNCT
ftr-323	364	1	§	§	PROPN
ftr-323	364	2	954(b)(4	954(b)(4	PROPN
ftr-323	364	3	)	)	PUNCT
ftr-323	364	4	.	.	PUNCT
ftr-323	365	1	56	56	NUM
ftr-323	365	2	.	.	X
ftr-323	365	3	thirty	thirty	NUM
ftr-323	365	4	-	-	PUNCT
ftr-323	365	5	five	five	NUM
ftr-323	365	6	percent	percent	NOUN
ftr-323	365	7	times	time	NOUN
ftr-323	365	8	ninety	ninety	NUM
ftr-323	365	9	percent	percent	NOUN
ftr-323	365	10	equals	equal	VERB
ftr-323	365	11	thirty	thirty	NUM
ftr-323	365	12	-	-	PUNCT
ftr-323	365	13	one	one	NUM
ftr-323	365	14	point	point	NOUN
ftr-323	365	15	five	five	NUM
ftr-323	365	16	percent	percent	NOUN
ftr-323	365	17	.	.	PUNCT
ftr-323	366	1	57	57	NUM
ftr-323	366	2	.	.	PUNCT
ftr-323	367	1	see	see	VERB
ftr-323	367	2	american	american	PROPN
ftr-323	367	3	law	law	PROPN
ftr-323	367	4	institute	institute	PROPN
ftr-323	367	5	,	,	PUNCT
ftr-323	367	6	federal	federal	ADJ
ftr-323	367	7	income	income	NOUN
ftr-323	367	8	tax	tax	NOUN
ftr-323	367	9	project	project	NOUN
ftr-323	367	10	:	:	PUNCT
ftr-323	367	11	international	international	ADJ
ftr-323	367	12	aspects	aspect	NOUN
ftr-323	367	13	of	of	ADP
ftr-323	367	14	united	united	PROPN
ftr-323	367	15	states	states	PROPN
ftr-323	367	16	income	income	NOUN
ftr-323	367	17	taxation	taxation	NOUN
ftr-323	367	18	328–29	328–29	PROPN
ftr-323	367	19	(	(	PUNCT
ftr-323	367	20	1987	1987	NUM
ftr-323	367	21	)	)	PUNCT
ftr-323	368	1	[	[	X
ftr-323	368	2	hereinafter	hereinafter	NOUN
ftr-323	368	3	ali	ali	PROPN
ftr-323	368	4	,	,	PUNCT
ftr-323	368	5	international	international	ADJ
ftr-323	368	6	proposals	proposal	NOUN
ftr-323	368	7	]	]	PUNCT
ftr-323	368	8	.	.	PUNCT
ftr-323	369	1	however	however	ADV
ftr-323	369	2	,	,	PUNCT
ftr-323	369	3	the	the	DET
ftr-323	369	4	ali	ali	PROPN
ftr-323	369	5	recommended	recommend	VERB
ftr-323	369	6	against	against	ADP
ftr-323	369	7	a	a	DET
ftr-323	369	8	low	low	ADJ
ftr-323	369	9	-	-	PUNCT
ftr-323	369	10	tax	tax	NOUN
ftr-323	369	11	basket	basket	NOUN
ftr-323	369	12	primarily	primarily	ADV
ftr-323	369	13	because	because	SCONJ
ftr-323	369	14	of	of	ADP
ftr-323	369	15	the	the	DET
ftr-323	369	16	practical	practical	ADJ
ftr-323	369	17	problems	problem	NOUN
ftr-323	369	18	of	of	ADP
ftr-323	369	19	calculating	calculate	VERB
ftr-323	369	20	the	the	DET
ftr-323	369	21	effective	effective	ADJ
ftr-323	369	22	foreign	foreign	ADJ
ftr-323	369	23	tax	tax	NOUN
ftr-323	369	24	rate	rate	NOUN
ftr-323	369	25	.	.	PUNCT
ftr-323	370	1	see	see	VERB
ftr-323	370	2	i	i	PRON
ftr-323	370	3	d.	d.	PROPN
ftr-323	370	4	at	at	ADP
ftr-323	370	5	329–32	329–32	PROPN
ftr-323	370	6	.	.	PUNCT
ftr-323	371	1	for	for	ADP
ftr-323	371	2	our	our	PRON
ftr-323	371	3	discussion	discussion	NOUN
ftr-323	371	4	of	of	ADP
ftr-323	371	5	this	this	DET
ftr-323	371	6	matter	matter	NOUN
ftr-323	371	7	,	,	PUNCT
ftr-323	371	8	see	see	VERB
ftr-323	371	9	infra	infra	NOUN
ftr-323	371	10	notes	note	VERB
ftr-323	371	11	62–70	62–70	PROPN
ftr-323	371	12	and	and	CCONJ
ftr-323	371	13	accompanying	accompany	VERB
ftr-323	371	14	text	text	NOUN
ftr-323	371	15	.	.	PUNCT
ftr-323	372	1	58	58	NUM
ftr-323	372	2	.	.	PUNCT
ftr-323	373	1	see	see	VERB
ftr-323	373	2	graetz	graetz	PROPN
ftr-323	373	3	&	&	CCONJ
ftr-323	373	4	oosterhuis	oosterhuis	PROPN
ftr-323	373	5	,	,	PUNCT
ftr-323	373	6	structuring	structure	VERB
ftr-323	373	7	an	an	DET
ftr-323	373	8	exemption	exemption	NOUN
ftr-323	373	9	system	system	NOUN
ftr-323	373	10	,	,	PUNCT
ftr-323	373	11	supra	supra	PROPN
ftr-323	373	12	note	note	NOUN
ftr-323	373	13	50	50	NUM
ftr-323	373	14	,	,	PUNCT
ftr-323	373	15	at	at	ADP
ftr-323	373	16	783	783	NUM
ftr-323	373	17	.	.	PUNCT
ftr-323	374	1	59	59	NUM
ftr-323	374	2	.	.	PUNCT
ftr-323	375	1	see	see	VERB
ftr-323	375	2	robert	robert	PROPN
ftr-323	375	3	c.	c.	PROPN
ftr-323	375	4	pozen	pozen	PROPN
ftr-323	375	5	,	,	PUNCT
ftr-323	375	6	a	a	DET
ftr-323	375	7	two	two	NUM
ftr-323	375	8	-	-	PUNCT
ftr-323	375	9	pronged	pronged	ADJ
ftr-323	375	10	approach	approach	NOUN
ftr-323	375	11	to	to	ADP
ftr-323	375	12	reforming	reform	VERB
ftr-323	375	13	international	international	ADJ
ftr-323	375	14	corporate	corporate	ADJ
ftr-323	375	15	taxes	taxis	NOUN
ftr-323	375	16	in	in	ADP
ftr-323	375	17	the	the	DET
ftr-323	375	18	u.s	u.s	PROPN
ftr-323	375	19	.	.	PROPN
ftr-323	375	20	,	,	PUNCT
ftr-323	375	21	63	63	NUM
ftr-323	375	22	tax	tax	NOUN
ftr-323	375	23	notes	note	NOUN
ftr-323	375	24	int’l	int’l	NOUN
ftr-323	375	25	951	951	NUM
ftr-323	375	26	,	,	PUNCT
ftr-323	375	27	952	952	NUM
ftr-323	375	28	(	(	PUNCT
ftr-323	375	29	sept	sept	PROPN
ftr-323	375	30	.	.	PROPN
ftr-323	375	31	26	26	NUM
ftr-323	375	32	,	,	PUNCT
ftr-323	375	33	2011	2011	NUM
ftr-323	375	34	)	)	PUNCT
ftr-323	375	35	.	.	PUNCT
ftr-323	376	1	2012	2012	NUM
ftr-323	376	2	]	]	PUNCT
ftr-323	376	3	exemption	exemption	NOUN
ftr-323	376	4	when	when	SCONJ
ftr-323	376	5	the	the	DET
ftr-323	376	6	treasury	treasury	NOUN
ftr-323	376	7	is	be	AUX
ftr-323	376	8	empty	empty	ADJ
ftr-323	376	9	417	417	NUM
ftr-323	376	10	effective	effective	ADJ
ftr-323	376	11	foreign	foreign	ADJ
ftr-323	376	12	tax	tax	NOUN
ftr-323	376	13	rate	rate	NOUN
ftr-323	376	14	on	on	ADP
ftr-323	376	15	the	the	DET
ftr-323	376	16	income	income	NOUN
ftr-323	376	17	was	be	AUX
ftr-323	376	18	greater	great	ADJ
ftr-323	376	19	than	than	ADP
ftr-323	376	20	10	10	NUM
ftr-323	376	21	percent	percent	NOUN
ftr-323	376	22	or	or	CCONJ
ftr-323	376	23	the	the	DET
ftr-323	376	24	business	business	NOUN
ftr-323	376	25	activity	activity	NOUN
ftr-323	376	26	that	that	PRON
ftr-323	376	27	produced	produce	VERB
ftr-323	376	28	the	the	DET
ftr-323	376	29	foreign	foreign	ADJ
ftr-323	376	30	income	income	NOUN
ftr-323	376	31	was	be	AUX
ftr-323	376	32	confined	confine	VERB
ftr-323	376	33	to	to	ADP
ftr-323	376	34	the	the	DET
ftr-323	376	35	dividend	dividend	NOUN
ftr-323	376	36	payor	payor	NOUN
ftr-323	376	37	’s	’s	PART
ftr-323	376	38	country	country	NOUN
ftr-323	376	39	of	of	ADP
ftr-323	376	40	incorporation.60	incorporation.60	PROPN
ftr-323	376	41	all	all	PRON
ftr-323	376	42	of	of	ADP
ftr-323	376	43	the	the	DET
ftr-323	376	44	preceding	precede	VERB
ftr-323	376	45	proposals	proposal	NOUN
ftr-323	376	46	for	for	ADP
ftr-323	376	47	identifying	identify	VERB
ftr-323	376	48	the	the	DET
ftr-323	376	49	point	point	NOUN
ftr-323	376	50	at	at	ADP
ftr-323	376	51	which	which	PRON
ftr-323	376	52	a	a	DET
ftr-323	376	53	foreign	foreign	ADJ
ftr-323	376	54	tax	tax	NOUN
ftr-323	376	55	rate	rate	NOUN
ftr-323	376	56	is	be	AUX
ftr-323	376	57	sufficiently	sufficiently	ADV
ftr-323	376	58	consequential	consequential	ADJ
ftr-323	376	59	seem	seem	VERB
ftr-323	376	60	to	to	PART
ftr-323	376	61	be	be	AUX
ftr-323	376	62	based	base	VERB
ftr-323	376	63	on	on	ADP
ftr-323	376	64	rough	rough	ADJ
ftr-323	376	65	estimates	estimate	NOUN
ftr-323	376	66	or	or	CCONJ
ftr-323	376	67	hunches	hunch	NOUN
ftr-323	376	68	,	,	PUNCT
ftr-323	376	69	although	although	SCONJ
ftr-323	376	70	we	we	PRON
ftr-323	376	71	note	note	VERB
ftr-323	376	72	that	that	SCONJ
ftr-323	376	73	because	because	SCONJ
ftr-323	376	74	the	the	DET
ftr-323	376	75	irish	irish	ADJ
ftr-323	376	76	corporate	corporate	ADJ
ftr-323	376	77	tax	tax	NOUN
ftr-323	376	78	rate	rate	NOUN
ftr-323	376	79	is	be	AUX
ftr-323	376	80	12.5	12.5	NUM
ftr-323	376	81	percent	percent	NOUN
ftr-323	376	82	,	,	PUNCT
ftr-323	376	83	the	the	DET
ftr-323	376	84	10	10	NUM
ftr-323	376	85	percent	percent	NOUN
ftr-323	376	86	prong	prong	NOUN
ftr-323	376	87	of	of	ADP
ftr-323	376	88	the	the	DET
ftr-323	376	89	ways	way	NOUN
ftr-323	376	90	and	and	CCONJ
ftr-323	376	91	means	mean	VERB
ftr-323	376	92	proposal	proposal	NOUN
ftr-323	376	93	may	may	AUX
ftr-323	376	94	be	be	AUX
ftr-323	376	95	intended	intend	VERB
ftr-323	376	96	to	to	PART
ftr-323	376	97	avoid	avoid	VERB
ftr-323	376	98	any	any	DET
ftr-323	376	99	impact	impact	NOUN
ftr-323	376	100	on	on	ADP
ftr-323	376	101	many	many	ADJ
ftr-323	376	102	u.s.-owned	u.s.-owned	ADJ
ftr-323	376	103	irish	irish	ADJ
ftr-323	376	104	cfcs	cfc	NOUN
ftr-323	376	105	that	that	PRON
ftr-323	376	106	sell	sell	VERB
ftr-323	376	107	their	their	PRON
ftr-323	376	108	irish	irish	ADJ
ftr-323	376	109	-	-	PUNCT
ftr-323	376	110	manufactured	manufacture	VERB
ftr-323	376	111	products	product	NOUN
ftr-323	376	112	in	in	ADP
ftr-323	376	113	the	the	DET
ftr-323	376	114	united	united	PROPN
ftr-323	376	115	states	states	PROPN
ftr-323	376	116	and	and	CCONJ
ftr-323	376	117	other	other	ADJ
ftr-323	376	118	countries	country	NOUN
ftr-323	376	119	besides	besides	SCONJ
ftr-323	376	120	ireland.61	ireland.61	NOUN
ftr-323	376	121	however	however	ADV
ftr-323	376	122	,	,	PUNCT
ftr-323	376	123	as	as	SCONJ
ftr-323	376	124	we	we	PRON
ftr-323	376	125	have	have	AUX
ftr-323	376	126	discussed	discuss	VERB
ftr-323	376	127	above	above	ADV
ftr-323	376	128	,	,	PUNCT
ftr-323	376	129	the	the	DET
ftr-323	376	130	60	60	NUM
ftr-323	376	131	.	.	PUNCT
ftr-323	377	1	see	see	VERB
ftr-323	377	2	h.	h.	PROPN
ftr-323	377	3	comm	comm	NOUN
ftr-323	377	4	.	.	PUNCT
ftr-323	378	1	on	on	ADP
ftr-323	378	2	ways	way	NOUN
ftr-323	378	3	&	&	CCONJ
ftr-323	378	4	means	mean	NOUN
ftr-323	378	5	,	,	PUNCT
ftr-323	378	6	technical	technical	ADJ
ftr-323	378	7	explanation	explanation	NOUN
ftr-323	378	8	of	of	ADP
ftr-323	378	9	the	the	DET
ftr-323	378	10	ways	way	NOUN
ftr-323	378	11	and	and	CCONJ
ftr-323	378	12	means	mean	VERB
ftr-323	378	13	discussion	discussion	NOUN
ftr-323	378	14	draft	draft	NOUN
ftr-323	378	15	provisions	provision	NOUN
ftr-323	378	16	to	to	PART
ftr-323	378	17	establish	establish	VERB
ftr-323	378	18	a	a	DET
ftr-323	378	19	participation	participation	NOUN
ftr-323	378	20	exemption	exemption	NOUN
ftr-323	378	21	system	system	NOUN
ftr-323	378	22	for	for	ADP
ftr-323	378	23	the	the	DET
ftr-323	378	24	taxation	taxation	NOUN
ftr-323	378	25	of	of	ADP
ftr-323	378	26	foreign	foreign	ADJ
ftr-323	378	27	income	income	NOUN
ftr-323	378	28	,	,	PUNCT
ftr-323	378	29	33–34	33–34	NUM
ftr-323	378	30	(	(	PUNCT
ftr-323	378	31	2011	2011	NUM
ftr-323	378	32	)	)	PUNCT
ftr-323	379	1	[	[	X
ftr-323	379	2	hereinafter	hereinafter	NOUN
ftr-323	379	3	ways	way	NOUN
ftr-323	379	4	&	&	CCONJ
ftr-323	379	5	means	mean	VERB
ftr-323	379	6	technical	technical	ADJ
ftr-323	379	7	explanation	explanation	NOUN
ftr-323	379	8	]	]	PUNCT
ftr-323	379	9	,	,	PUNCT
ftr-323	379	10	http://waysandmeans	http://waysandmeans	PROPN
ftr-323	379	11	.	.	PUNCT
ftr-323	380	1	house.gov/uploadedfiles/final_te_--_ways_and_means_participation_exemption	house.gov/uploadedfiles/final_te_--_ways_and_means_participation_exemption	NOUN
ftr-323	380	2	_	_	PUNCT
ftr-323	380	3	discussion_draft.pdf	discussion_draft.pdf	ADJ
ftr-323	380	4	.	.	PUNCT
ftr-323	381	1	the	the	DET
ftr-323	381	2	technical	technical	ADJ
ftr-323	381	3	explanation	explanation	NOUN
ftr-323	381	4	of	of	ADP
ftr-323	381	5	the	the	DET
ftr-323	381	6	discussion	discussion	NOUN
ftr-323	381	7	draft	draft	NOUN
ftr-323	381	8	says	say	VERB
ftr-323	381	9	,	,	PUNCT
ftr-323	381	10	“	"	PUNCT
ftr-323	381	11	at	at	ADP
ftr-323	381	12	least	least	ADV
ftr-323	381	13	10	10	NUM
ftr-323	381	14	percent	percent	NOUN
ftr-323	381	15	.	.	PUNCT
ftr-323	381	16	”	"	PUNCT
ftr-323	382	1	however	however	ADV
ftr-323	382	2	,	,	PUNCT
ftr-323	382	3	the	the	DET
ftr-323	382	4	draft	draft	NOUN
ftr-323	382	5	legislative	legislative	ADJ
ftr-323	382	6	language	language	NOUN
ftr-323	382	7	sets	set	VERB
ftr-323	382	8	the	the	DET
ftr-323	382	9	requirement	requirement	NOUN
ftr-323	382	10	“	"	PUNCT
ftr-323	382	11	in	in	ADP
ftr-323	382	12	excess	excess	NOUN
ftr-323	382	13	of	of	ADP
ftr-323	382	14	10	10	NUM
ftr-323	382	15	percent	percent	NOUN
ftr-323	382	16	.	.	PUNCT
ftr-323	382	17	”	"	PUNCT
ftr-323	383	1	h.	h.	PROPN
ftr-323	383	2	comm	comm	NOUN
ftr-323	383	3	.	.	PUNCT
ftr-323	384	1	on	on	ADP
ftr-323	384	2	ways	way	NOUN
ftr-323	384	3	&	&	CCONJ
ftr-323	384	4	means	mean	NOUN
ftr-323	384	5	,	,	PUNCT
ftr-323	384	6	discussion	discussion	NOUN
ftr-323	384	7	draft	draft	NOUN
ftr-323	384	8	§	§	PROPN
ftr-323	384	9	331b	331b	PROPN
ftr-323	384	10	(	(	PUNCT
ftr-323	384	11	2011	2011	NUM
ftr-323	384	12	)	)	PUNCT
ftr-323	385	1	[	[	X
ftr-323	385	2	hereinafter	hereinafter	NOUN
ftr-323	385	3	ways	way	NOUN
ftr-323	385	4	&	&	CCONJ
ftr-323	385	5	means	mean	VERB
ftr-323	385	6	discussion	discussion	NOUN
ftr-323	385	7	draft	draft	NOUN
ftr-323	385	8	]	]	PUNCT
ftr-323	385	9	,	,	PUNCT
ftr-323	385	10	http://waysandmeans.house	http://waysandmeans.house	NOUN
ftr-323	385	11	.	.	PUNCT
ftr-323	386	1	gov	gov	NOUN
ftr-323	386	2	/	/	SYM
ftr-323	386	3	uploadedfiles	uploadedfile	NOUN
ftr-323	386	4	/	/	SYM
ftr-323	386	5	discussion_draft.pdf	discussion_draft.pdf	NOUN
ftr-323	386	6	;	;	PUNCT
ftr-323	386	7	see	see	VERB
ftr-323	386	8	also	also	ADV
ftr-323	386	9	philip	philip	PROPN
ftr-323	386	10	d.	d.	PROPN
ftr-323	386	11	morrison	morrison	PROPN
ftr-323	386	12	,	,	PUNCT
ftr-323	386	13	chairman	chairman	NOUN
ftr-323	386	14	camp	camp	PROPN
ftr-323	386	15	’s	’s	PART
ftr-323	386	16	territorial	territorial	ADJ
ftr-323	386	17	proposal	proposal	NOUN
ftr-323	386	18	and	and	CCONJ
ftr-323	386	19	the	the	DET
ftr-323	386	20	potential	potential	ADJ
ftr-323	386	21	expansion	expansion	NOUN
ftr-323	386	22	of	of	ADP
ftr-323	386	23	subpart	subpart	NOUN
ftr-323	386	24	f	f	PROPN
ftr-323	386	25	,	,	PUNCT
ftr-323	386	26	41	41	NUM
ftr-323	386	27	tax	tax	NOUN
ftr-323	386	28	mgmt	mgmt	NOUN
ftr-323	386	29	.	.	PUNCT
ftr-323	387	1	int’l	int’l	PRON
ftr-323	387	2	j.	j.	PROPN
ftr-323	387	3	90	90	NUM
ftr-323	387	4	,	,	PUNCT
ftr-323	387	5	90	90	NUM
ftr-323	387	6	(	(	PUNCT
ftr-323	387	7	2012	2012	NUM
ftr-323	387	8	)	)	PUNCT
ftr-323	387	9	(	(	PUNCT
ftr-323	387	10	the	the	DET
ftr-323	387	11	low	low	ADV
ftr-323	387	12	-	-	PUNCT
ftr-323	387	13	taxed	tax	VERB
ftr-323	387	14	income	income	NOUN
ftr-323	387	15	disqualification	disqualification	NOUN
ftr-323	387	16	would	would	AUX
ftr-323	387	17	require	require	VERB
ftr-323	387	18	“	"	PUNCT
ftr-323	387	19	all	all	DET
ftr-323	387	20	income	income	NOUN
ftr-323	387	21	of	of	ADP
ftr-323	387	22	a	a	DET
ftr-323	387	23	cfc	cfc	NOUN
ftr-323	387	24	to	to	PART
ftr-323	387	25	be	be	AUX
ftr-323	387	26	currently	currently	ADV
ftr-323	387	27	taxed	tax	VERB
ftr-323	387	28	in	in	ADP
ftr-323	387	29	the	the	DET
ftr-323	387	30	united	united	PROPN
ftr-323	387	31	states	states	PROPN
ftr-323	387	32	if	if	SCONJ
ftr-323	387	33	the	the	DET
ftr-323	387	34	income	income	NOUN
ftr-323	387	35	is	be	AUX
ftr-323	387	36	derived	derive	VERB
ftr-323	387	37	outside	outside	ADP
ftr-323	387	38	the	the	DET
ftr-323	387	39	cfc	cfc	PROPN
ftr-323	387	40	’s	’s	PART
ftr-323	387	41	country	country	NOUN
ftr-323	387	42	of	of	ADP
ftr-323	387	43	incorporation	incorporation	NOUN
ftr-323	387	44	and	and	CCONJ
ftr-323	387	45	it	it	PRON
ftr-323	387	46	is	be	AUX
ftr-323	387	47	subject	subject	ADJ
ftr-323	387	48	to	to	ADP
ftr-323	387	49	a	a	DET
ftr-323	387	50	foreign	foreign	ADJ
ftr-323	387	51	effective	effective	ADJ
ftr-323	387	52	tax	tax	NOUN
ftr-323	387	53	rate	rate	NOUN
ftr-323	387	54	of	of	ADP
ftr-323	387	55	10	10	NUM
ftr-323	387	56	%	%	NOUN
ftr-323	387	57	or	or	CCONJ
ftr-323	387	58	less	less	ADJ
ftr-323	387	59	.	.	PUNCT
ftr-323	387	60	”	"	PUNCT
ftr-323	387	61	)	)	PUNCT
ftr-323	387	62	;	;	PUNCT
ftr-323	387	63	david	david	PROPN
ftr-323	387	64	g.	g.	PROPN
ftr-323	387	65	noren	noren	PROPN
ftr-323	387	66	,	,	PUNCT
ftr-323	387	67	the	the	DET
ftr-323	387	68	ways	way	NOUN
ftr-323	387	69	and	and	CCONJ
ftr-323	387	70	means	mean	VERB
ftr-323	387	71	committee	committee	PROPN
ftr-323	387	72	international	international	ADJ
ftr-323	387	73	tax	tax	NOUN
ftr-323	387	74	reform	reform	NOUN
ftr-323	387	75	discussion	discussion	NOUN
ftr-323	387	76	draft	draft	NOUN
ftr-323	387	77	:	:	PUNCT
ftr-323	387	78	key	key	ADJ
ftr-323	387	79	design	design	NOUN
ftr-323	387	80	issues	issue	NOUN
ftr-323	387	81	,	,	PUNCT
ftr-323	387	82	41	41	NUM
ftr-323	387	83	tax	tax	NOUN
ftr-323	387	84	mgmt	mgmt	NOUN
ftr-323	387	85	.	.	PUNCT
ftr-323	388	1	int’l	int’l	PRON
ftr-323	388	2	j.	j.	PROPN
ftr-323	388	3	167	167	NUM
ftr-323	388	4	,	,	PUNCT
ftr-323	388	5	173	173	NUM
ftr-323	388	6	(	(	PUNCT
ftr-323	388	7	2012	2012	NUM
ftr-323	388	8	)	)	PUNCT
ftr-323	388	9	(	(	PUNCT
ftr-323	388	10	“	"	PUNCT
ftr-323	388	11	[	[	X
ftr-323	388	12	u]nless	u]nless	NOUN
ftr-323	388	13	a	a	DET
ftr-323	388	14	cfc	cfc	NOUN
ftr-323	388	15	is	be	AUX
ftr-323	388	16	essentially	essentially	ADV
ftr-323	388	17	selling	sell	VERB
ftr-323	388	18	into	into	ADP
ftr-323	388	19	its	its	PRON
ftr-323	388	20	own	own	ADJ
ftr-323	388	21	home	home	NOUN
ftr-323	388	22	-	-	PUNCT
ftr-323	388	23	country	country	NOUN
ftr-323	388	24	market	market	NOUN
ftr-323	388	25	,	,	PUNCT
ftr-323	388	26	an	an	DET
ftr-323	388	27	effective	effective	ADJ
ftr-323	388	28	rate	rate	NOUN
ftr-323	388	29	of	of	ADP
ftr-323	388	30	10	10	NUM
ftr-323	388	31	%	%	NOUN
ftr-323	388	32	or	or	CCONJ
ftr-323	388	33	less	less	ADJ
ftr-323	388	34	will	will	AUX
ftr-323	388	35	lead	lead	VERB
ftr-323	388	36	to	to	ADP
ftr-323	388	37	the	the	DET
ftr-323	388	38	treatment	treatment	NOUN
ftr-323	388	39	of	of	ADP
ftr-323	388	40	the	the	DET
ftr-323	388	41	cfc	cfc	NOUN
ftr-323	388	42	’s	’s	PART
ftr-323	388	43	income	income	NOUN
ftr-323	388	44	as	as	ADP
ftr-323	388	45	subpart	subpart	NOUN
ftr-323	388	46	f	f	PROPN
ftr-323	388	47	income	income	NOUN
ftr-323	388	48	.	.	PUNCT
ftr-323	388	49	.	.	PUNCT
ftr-323	388	50	.	.	PUNCT
ftr-323	388	51	.	.	PUNCT
ftr-323	388	52	”	"	PUNCT
ftr-323	388	53	)	)	PUNCT
ftr-323	388	54	.	.	PUNCT
ftr-323	389	1	senator	senator	PROPN
ftr-323	389	2	mike	mike	PROPN
ftr-323	389	3	enzi	enzi	PROPN
ftr-323	389	4	has	have	AUX
ftr-323	389	5	introduced	introduce	VERB
ftr-323	389	6	a	a	DET
ftr-323	389	7	bill	bill	NOUN
ftr-323	389	8	proposing	propose	VERB
ftr-323	389	9	dividend	dividend	NOUN
ftr-323	389	10	exemption	exemption	NOUN
ftr-323	389	11	that	that	PRON
ftr-323	389	12	would	would	AUX
ftr-323	389	13	disqualify	disqualify	VERB
ftr-323	389	14	income	income	NOUN
ftr-323	389	15	from	from	ADP
ftr-323	389	16	exemption	exemption	NOUN
ftr-323	389	17	if	if	SCONJ
ftr-323	389	18	the	the	DET
ftr-323	389	19	effective	effective	ADJ
ftr-323	389	20	foreign	foreign	ADJ
ftr-323	389	21	tax	tax	NOUN
ftr-323	389	22	rate	rate	NOUN
ftr-323	389	23	was	be	AUX
ftr-323	389	24	less	less	ADJ
ftr-323	389	25	than	than	ADP
ftr-323	389	26	50	50	NUM
ftr-323	389	27	percent	percent	NOUN
ftr-323	389	28	of	of	ADP
ftr-323	389	29	the	the	DET
ftr-323	389	30	highest	high	ADJ
ftr-323	389	31	u.s	u.s	PROPN
ftr-323	389	32	.	.	PROPN
ftr-323	389	33	corporate	corporate	ADJ
ftr-323	389	34	tax	tax	NOUN
ftr-323	389	35	rate	rate	NOUN
ftr-323	389	36	(	(	PUNCT
ftr-323	389	37	17.5	17.5	NUM
ftr-323	389	38	percent	percent	NOUN
ftr-323	389	39	under	under	ADP
ftr-323	389	40	current	current	ADJ
ftr-323	389	41	law	law	NOUN
ftr-323	389	42	,	,	PUNCT
ftr-323	389	43	i.e.	i.e.	X
ftr-323	389	44	,	,	PUNCT
ftr-323	389	45	50	50	NUM
ftr-323	389	46	percent	percent	NOUN
ftr-323	389	47	of	of	ADP
ftr-323	389	48	35	35	NUM
ftr-323	389	49	percent	percent	NOUN
ftr-323	389	50	=	=	NOUN
ftr-323	389	51	17.5	17.5	NUM
ftr-323	389	52	percent	percent	NOUN
ftr-323	389	53	)	)	PUNCT
ftr-323	389	54	.	.	PUNCT
ftr-323	390	1	see	see	VERB
ftr-323	390	2	s.	s.	PROPN
ftr-323	390	3	2091	2091	NUM
ftr-323	390	4	,	,	PUNCT
ftr-323	390	5	112th	112th	PROPN
ftr-323	390	6	cong	cong	NOUN
ftr-323	390	7	.	.	PROPN
ftr-323	390	8	,	,	PUNCT
ftr-323	390	9	2d	2d	PROPN
ftr-323	390	10	sess	sess	NOUN
ftr-323	390	11	.	.	PUNCT
ftr-323	391	1	(	(	PUNCT
ftr-323	391	2	2012	2012	NUM
ftr-323	391	3	)	)	PUNCT
ftr-323	391	4	.	.	PUNCT
ftr-323	392	1	61	61	NUM
ftr-323	392	2	.	.	PUNCT
ftr-323	393	1	in	in	ADP
ftr-323	393	2	fact	fact	NOUN
ftr-323	393	3	,	,	PUNCT
ftr-323	393	4	multinational	multinational	ADJ
ftr-323	393	5	corporations	corporation	NOUN
ftr-323	393	6	are	be	AUX
ftr-323	393	7	able	able	ADJ
ftr-323	393	8	to	to	PART
ftr-323	393	9	and	and	CCONJ
ftr-323	393	10	do	do	AUX
ftr-323	393	11	achieve	achieve	VERB
ftr-323	393	12	effective	effective	ADJ
ftr-323	393	13	tax	tax	NOUN
ftr-323	393	14	rates	rate	NOUN
ftr-323	393	15	in	in	ADP
ftr-323	393	16	ireland	ireland	PROPN
ftr-323	393	17	and	and	CCONJ
ftr-323	393	18	other	other	ADJ
ftr-323	393	19	countries	country	NOUN
ftr-323	393	20	well	well	ADV
ftr-323	393	21	below	below	ADP
ftr-323	393	22	12.5	12.5	NUM
ftr-323	393	23	percent	percent	NOUN
ftr-323	393	24	or	or	CCONJ
ftr-323	393	25	even	even	ADV
ftr-323	393	26	10	10	NUM
ftr-323	393	27	percent	percent	NOUN
ftr-323	393	28	.	.	PUNCT
ftr-323	394	1	see	see	VERB
ftr-323	394	2	jesse	jesse	PROPN
ftr-323	394	3	drucker	drucker	PROPN
ftr-323	394	4	,	,	PUNCT
ftr-323	394	5	google	google	PROPN
ftr-323	394	6	2.4	2.4	NUM
ftr-323	394	7	%	%	NOUN
ftr-323	394	8	rate	rate	NOUN
ftr-323	394	9	shows	show	VERB
ftr-323	394	10	how	how	SCONJ
ftr-323	394	11	$	$	SYM
ftr-323	394	12	60	60	NUM
ftr-323	394	13	billion	billion	NUM
ftr-323	394	14	lost	lose	VERB
ftr-323	394	15	to	to	ADP
ftr-323	394	16	tax	tax	NOUN
ftr-323	394	17	loopholes	loophole	NOUN
ftr-323	394	18	,	,	PUNCT
ftr-323	394	19	bloomberg	bloomberg	PROPN
ftr-323	394	20	,	,	PUNCT
ftr-323	394	21	oct	oct	PROPN
ftr-323	394	22	.	.	PROPN
ftr-323	394	23	21	21	NUM
ftr-323	394	24	,	,	PUNCT
ftr-323	394	25	2010	2010	NUM
ftr-323	394	26	,	,	PUNCT
ftr-323	394	27	http://www.bloomberg.com/news/2010-1021/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html.21	http://www.bloomberg.com/news/2010-1021/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html.21	PROPN
ftr-323	394	28	.	.	PUNCT
ftr-323	395	1	for	for	ADP
ftr-323	395	2	example	example	NOUN
ftr-323	395	3	,	,	PUNCT
ftr-323	395	4	microsoft	microsoft	PROPN
ftr-323	395	5	was	be	AUX
ftr-323	395	6	reported	report	VERB
ftr-323	395	7	to	to	PART
ftr-323	395	8	pay	pay	VERB
ftr-323	395	9	tax	tax	NOUN
ftr-323	395	10	for	for	ADP
ftr-323	395	11	its	its	PRON
ftr-323	395	12	2011	2011	NUM
ftr-323	395	13	fiscal	fiscal	ADJ
ftr-323	395	14	year	year	NOUN
ftr-323	395	15	at	at	ADP
ftr-323	395	16	an	an	DET
ftr-323	395	17	effective	effective	ADJ
ftr-323	395	18	tax	tax	NOUN
ftr-323	395	19	rate	rate	NOUN
ftr-323	395	20	for	for	ADP
ftr-323	395	21	financial	financial	ADJ
ftr-323	395	22	statement	statement	NOUN
ftr-323	395	23	purposes	purpose	NOUN
ftr-323	395	24	of	of	ADP
ftr-323	395	25	approximately	approximately	ADV
ftr-323	395	26	4	4	NUM
ftr-323	395	27	percent	percent	NOUN
ftr-323	395	28	on	on	ADP
ftr-323	395	29	an	an	DET
ftr-323	395	30	aggregate	aggregate	NOUN
ftr-323	395	31	of	of	ADP
ftr-323	395	32	$	$	SYM
ftr-323	395	33	15	15	NUM
ftr-323	395	34	billion	billion	NUM
ftr-323	395	35	of	of	ADP
ftr-323	395	36	earnings	earning	NOUN
ftr-323	395	37	before	before	ADP
ftr-323	395	38	tax	tax	NOUN
ftr-323	395	39	in	in	ADP
ftr-323	395	40	puerto	puerto	PROPN
ftr-323	395	41	rico	rico	PROPN
ftr-323	395	42	,	,	PUNCT
ftr-323	395	43	ireland	ireland	PROPN
ftr-323	395	44	,	,	PUNCT
ftr-323	395	45	and	and	CCONJ
ftr-323	395	46	singapore	singapore	PROPN
ftr-323	395	47	.	.	PUNCT
ftr-323	396	1	see	see	VERB
ftr-323	396	2	testimony	testimony	NOUN
ftr-323	396	3	of	of	ADP
ftr-323	396	4	stephen	stephen	PROPN
ftr-323	396	5	e.	e.	PROPN
ftr-323	396	6	shay	shay	PROPN
ftr-323	396	7	before	before	ADP
ftr-323	396	8	the	the	DET
ftr-323	396	9	u.s	u.s	PROPN
ftr-323	396	10	.	.	PROPN
ftr-323	396	11	senate	senate	PROPN
ftr-323	396	12	permanent	permanent	ADJ
ftr-323	396	13	subcommittee	subcommittee	NOUN
ftr-323	396	14	on	on	ADP
ftr-323	396	15	investigations	investigation	NOUN
ftr-323	396	16	of	of	ADP
ftr-323	396	17	the	the	DET
ftr-323	396	18	committee	committee	NOUN
ftr-323	396	19	on	on	ADP
ftr-323	396	20	homeland	homeland	NOUN
ftr-323	396	21	security	security	NOUN
ftr-323	396	22	and	and	CCONJ
ftr-323	396	23	government	government	NOUN
ftr-323	396	24	affairs	affair	NOUN
ftr-323	396	25	hearing	hearing	NOUN
ftr-323	396	26	on	on	ADP
ftr-323	396	27	offshore	offshore	ADJ
ftr-323	396	28	profit	profit	NOUN
ftr-323	396	29	shifting	shift	VERB
ftr-323	396	30	and	and	CCONJ
ftr-323	396	31	the	the	DET
ftr-323	396	32	u.s	u.s	PROPN
ftr-323	396	33	.	.	PROPN
ftr-323	396	34	tax	tax	PROPN
ftr-323	396	35	code	code	PROPN
ftr-323	396	36	(	(	PUNCT
ftr-323	396	37	sept	sept	PROPN
ftr-323	396	38	.	.	PROPN
ftr-323	396	39	20	20	NUM
ftr-323	396	40	,	,	PUNCT
ftr-323	396	41	2012	2012	NUM
ftr-323	396	42	)	)	PUNCT
ftr-323	396	43	,	,	PUNCT
ftr-323	396	44	http://www.hsgac.senate.gov.subcommittees/investigations/	http://www.hsgac.senate.gov.subcommittees/investigations/	PROPN
ftr-323	396	45	hearings	hearing	NOUN
ftr-323	396	46	/	/	SYM
ftr-323	396	47	offshore	offshore	ADJ
ftr-323	396	48	-	-	PUNCT
ftr-323	396	49	profit	profit	NOUN
ftr-323	396	50	-	-	PUNCT
ftr-323	396	51	shifting	shift	VERB
ftr-323	396	52	-	-	PUNCT
ftr-323	396	53	and	and	CCONJ
ftr-323	396	54	-	-	PUNCT
ftr-323	396	55	the	the	DET
ftr-323	396	56	-	-	PUNCT
ftr-323	396	57	us	us	NOUN
ftr-323	396	58	-	-	PUNCT
ftr-323	396	59	tax	tax	NOUN
ftr-323	396	60	-	-	PUNCT
ftr-323	396	61	code	code	NOUN
ftr-323	396	62	.	.	PUNCT
ftr-323	397	1	418	418	NUM
ftr-323	397	2	florida	florida	PROPN
ftr-323	397	3	tax	tax	PROPN
ftr-323	397	4	review	review	NOUN
ftr-323	398	1	[	[	X
ftr-323	398	2	vol	vol	NOUN
ftr-323	398	3	.	.	PUNCT
ftr-323	399	1	13:8	13:8	NUM
ftr-323	399	2	objective	objective	NOUN
ftr-323	399	3	in	in	ADP
ftr-323	399	4	choosing	choose	VERB
ftr-323	399	5	the	the	DET
ftr-323	399	6	appropriate	appropriate	ADJ
ftr-323	399	7	foreign	foreign	ADJ
ftr-323	399	8	effective	effective	ADJ
ftr-323	399	9	tax	tax	NOUN
ftr-323	399	10	rate	rate	NOUN
ftr-323	399	11	is	be	AUX
ftr-323	399	12	to	to	PART
ftr-323	399	13	identify	identify	VERB
ftr-323	399	14	the	the	DET
ftr-323	399	15	point	point	NOUN
ftr-323	399	16	below	below	ADP
ftr-323	399	17	which	which	PRON
ftr-323	399	18	the	the	DET
ftr-323	399	19	u.s	u.s	PROPN
ftr-323	399	20	.	.	PROPN
ftr-323	399	21	residual	residual	ADJ
ftr-323	399	22	tax	tax	NOUN
ftr-323	399	23	is	be	AUX
ftr-323	399	24	too	too	ADV
ftr-323	399	25	significant	significant	ADJ
ftr-323	399	26	to	to	PART
ftr-323	399	27	surrender	surrender	VERB
ftr-323	399	28	by	by	ADP
ftr-323	399	29	conferring	confer	VERB
ftr-323	399	30	an	an	DET
ftr-323	399	31	exemption	exemption	NOUN
ftr-323	399	32	.	.	PUNCT
ftr-323	400	1	resolving	resolve	VERB
ftr-323	400	2	that	that	DET
ftr-323	400	3	conundrum	conundrum	NOUN
ftr-323	400	4	is	be	AUX
ftr-323	400	5	beyond	beyond	ADP
ftr-323	400	6	the	the	DET
ftr-323	400	7	scope	scope	NOUN
ftr-323	400	8	of	of	ADP
ftr-323	400	9	this	this	DET
ftr-323	400	10	article	article	NOUN
ftr-323	400	11	because	because	SCONJ
ftr-323	400	12	it	it	PRON
ftr-323	400	13	requires	require	VERB
ftr-323	400	14	a	a	DET
ftr-323	400	15	calculation	calculation	NOUN
ftr-323	400	16	and	and	CCONJ
ftr-323	400	17	consideration	consideration	NOUN
ftr-323	400	18	of	of	ADP
ftr-323	400	19	revenue	revenue	NOUN
ftr-323	400	20	gains	gain	NOUN
ftr-323	400	21	and	and	CCONJ
ftr-323	400	22	losses	loss	NOUN
ftr-323	400	23	from	from	ADP
ftr-323	400	24	other	other	ADJ
ftr-323	400	25	features	feature	NOUN
ftr-323	400	26	of	of	ADP
ftr-323	400	27	a	a	DET
ftr-323	400	28	u.s	u.s	PROPN
ftr-323	400	29	.	.	PROPN
ftr-323	400	30	exemption	exemption	NOUN
ftr-323	400	31	system	system	NOUN
ftr-323	400	32	as	as	ADV
ftr-323	400	33	well	well	ADV
ftr-323	400	34	as	as	ADP
ftr-323	400	35	a	a	DET
ftr-323	400	36	consideration	consideration	NOUN
ftr-323	400	37	of	of	ADP
ftr-323	400	38	the	the	DET
ftr-323	400	39	u.s	u.s	PROPN
ftr-323	400	40	.	.	PROPN
ftr-323	400	41	government	government	NOUN
ftr-323	400	42	’s	’s	PART
ftr-323	400	43	overall	overall	ADJ
ftr-323	400	44	revenue	revenue	NOUN
ftr-323	400	45	needs	need	NOUN
ftr-323	400	46	.	.	PUNCT
ftr-323	401	1	thus	thus	ADV
ftr-323	401	2	,	,	PUNCT
ftr-323	401	3	the	the	DET
ftr-323	401	4	issue	issue	NOUN
ftr-323	401	5	of	of	ADP
ftr-323	401	6	the	the	DET
ftr-323	401	7	appropriate	appropriate	ADJ
ftr-323	401	8	benchmark	benchmark	NOUN
ftr-323	401	9	involves	involve	VERB
ftr-323	401	10	data	datum	NOUN
ftr-323	401	11	and	and	CCONJ
ftr-323	401	12	modeling	modeling	NOUN
ftr-323	401	13	that	that	PRON
ftr-323	401	14	is	be	AUX
ftr-323	401	15	beyond	beyond	ADP
ftr-323	401	16	the	the	DET
ftr-323	401	17	scope	scope	NOUN
ftr-323	401	18	of	of	ADP
ftr-323	401	19	this	this	DET
ftr-323	401	20	article	article	NOUN
ftr-323	401	21	.	.	PUNCT
ftr-323	402	1	clearly	clearly	ADV
ftr-323	402	2	,	,	PUNCT
ftr-323	402	3	however	however	ADV
ftr-323	402	4	,	,	PUNCT
ftr-323	402	5	in	in	ADP
ftr-323	402	6	the	the	DET
ftr-323	402	7	context	context	NOUN
ftr-323	402	8	of	of	ADP
ftr-323	402	9	current	current	ADJ
ftr-323	402	10	u.s	u.s	PROPN
ftr-323	402	11	.	.	PROPN
ftr-323	402	12	revenue	revenue	NOUN
ftr-323	402	13	needs	need	NOUN
ftr-323	402	14	,	,	PUNCT
ftr-323	402	15	any	any	DET
ftr-323	402	16	u.s	u.s	PROPN
ftr-323	402	17	.	.	PROPN
ftr-323	402	18	territorial	territorial	ADJ
ftr-323	402	19	system	system	NOUN
ftr-323	402	20	that	that	PRON
ftr-323	402	21	is	be	AUX
ftr-323	402	22	ultimately	ultimately	ADV
ftr-323	402	23	adopted	adopt	VERB
ftr-323	402	24	should	should	AUX
ftr-323	402	25	avoid	avoid	VERB
ftr-323	402	26	conferring	confer	VERB
ftr-323	402	27	exemption	exemption	NOUN
ftr-323	402	28	on	on	ADP
ftr-323	402	29	dividends	dividend	NOUN
ftr-323	402	30	paid	pay	VERB
ftr-323	402	31	out	out	ADP
ftr-323	402	32	of	of	ADP
ftr-323	402	33	foreign	foreign	ADJ
ftr-323	402	34	income	income	NOUN
ftr-323	402	35	that	that	PRON
ftr-323	402	36	has	have	AUX
ftr-323	402	37	not	not	PART
ftr-323	402	38	borne	bear	VERB
ftr-323	402	39	a	a	DET
ftr-323	402	40	material	material	ADJ
ftr-323	402	41	foreign	foreign	ADJ
ftr-323	402	42	income	income	NOUN
ftr-323	402	43	tax	tax	NOUN
ftr-323	402	44	.	.	PUNCT
ftr-323	403	1	such	such	ADJ
ftr-323	403	2	income	income	NOUN
ftr-323	403	3	does	do	AUX
ftr-323	403	4	not	not	PART
ftr-323	403	5	present	present	VERB
ftr-323	403	6	a	a	DET
ftr-323	403	7	meaningful	meaningful	ADJ
ftr-323	403	8	double	double	ADJ
ftr-323	403	9	taxation	taxation	NOUN
ftr-323	403	10	case	case	NOUN
ftr-323	403	11	but	but	CCONJ
ftr-323	403	12	instead	instead	ADV
ftr-323	403	13	creates	create	VERB
ftr-323	403	14	the	the	DET
ftr-323	403	15	prospect	prospect	NOUN
ftr-323	403	16	of	of	ADP
ftr-323	403	17	a	a	DET
ftr-323	403	18	u.s	u.s	PROPN
ftr-323	403	19	.	.	PROPN
ftr-323	403	20	residual	residual	ADJ
ftr-323	403	21	tax	tax	NOUN
ftr-323	403	22	that	that	PRON
ftr-323	403	23	is	be	AUX
ftr-323	403	24	too	too	ADV
ftr-323	403	25	large	large	ADJ
ftr-323	403	26	to	to	PART
ftr-323	403	27	give	give	VERB
ftr-323	403	28	away	away	ADP
ftr-323	403	29	.	.	PUNCT
ftr-323	404	1	there	there	PRON
ftr-323	404	2	is	be	VERB
ftr-323	404	3	,	,	PUNCT
ftr-323	404	4	nevertheless	nevertheless	ADV
ftr-323	404	5	,	,	PUNCT
ftr-323	404	6	strong	strong	ADJ
ftr-323	404	7	opposition	opposition	NOUN
ftr-323	404	8	to	to	ADP
ftr-323	404	9	this	this	DET
ftr-323	404	10	conclusion	conclusion	NOUN
ftr-323	404	11	.	.	PUNCT
ftr-323	405	1	the	the	DET
ftr-323	405	2	following	follow	VERB
ftr-323	405	3	statement	statement	NOUN
ftr-323	405	4	accurately	accurately	ADV
ftr-323	405	5	captures	capture	VERB
ftr-323	405	6	the	the	DET
ftr-323	405	7	opposition	opposition	NOUN
ftr-323	405	8	argument	argument	NOUN
ftr-323	405	9	:	:	PUNCT
ftr-323	405	10	in	in	ADP
ftr-323	405	11	particular	particular	ADJ
ftr-323	405	12	,	,	PUNCT
ftr-323	405	13	a	a	DET
ftr-323	405	14	system	system	NOUN
ftr-323	405	15	based	base	VERB
ftr-323	405	16	on	on	ADP
ftr-323	405	17	a	a	DET
ftr-323	405	18	minimum	minimum	ADJ
ftr-323	405	19	effective	effective	ADJ
ftr-323	405	20	rate	rate	NOUN
ftr-323	405	21	of	of	ADP
ftr-323	405	22	tax	tax	NOUN
ftr-323	405	23	in	in	ADP
ftr-323	405	24	a	a	DET
ftr-323	405	25	foreign	foreign	ADJ
ftr-323	405	26	jurisdiction	jurisdiction	NOUN
ftr-323	405	27	would	would	AUX
ftr-323	405	28	be	be	AUX
ftr-323	405	29	fundamentally	fundamentally	ADV
ftr-323	405	30	flawed	flawed	ADJ
ftr-323	405	31	.	.	PUNCT
ftr-323	406	1	effective	effective	ADJ
ftr-323	406	2	tax	tax	NOUN
ftr-323	406	3	rates	rate	NOUN
ftr-323	406	4	vary	vary	VERB
ftr-323	406	5	substantially	substantially	ADV
ftr-323	406	6	from	from	ADP
ftr-323	406	7	year	year	NOUN
ftr-323	406	8	to	to	ADP
ftr-323	406	9	year	year	NOUN
ftr-323	406	10	based	base	VERB
ftr-323	406	11	largely	largely	ADV
ftr-323	406	12	on	on	ADP
ftr-323	406	13	differing	differ	VERB
ftr-323	406	14	rules	rule	NOUN
ftr-323	406	15	in	in	ADP
ftr-323	406	16	different	different	ADJ
ftr-323	406	17	countries	country	NOUN
ftr-323	406	18	affecting	affect	VERB
ftr-323	406	19	the	the	DET
ftr-323	406	20	timing	timing	NOUN
ftr-323	406	21	of	of	ADP
ftr-323	406	22	income	income	NOUN
ftr-323	406	23	and	and	CCONJ
ftr-323	406	24	expenses	expense	NOUN
ftr-323	406	25	.	.	PUNCT
ftr-323	407	1	accelerated	accelerate	VERB
ftr-323	407	2	depreciation	depreciation	NOUN
ftr-323	407	3	and	and	CCONJ
ftr-323	407	4	the	the	DET
ftr-323	407	5	deduction	deduction	NOUN
ftr-323	407	6	of	of	ADP
ftr-323	407	7	various	various	ADJ
ftr-323	407	8	liability	liability	NOUN
ftr-323	407	9	reserves	reserve	NOUN
ftr-323	407	10	are	be	AUX
ftr-323	407	11	but	but	CCONJ
ftr-323	407	12	two	two	NUM
ftr-323	407	13	examples	example	NOUN
ftr-323	407	14	of	of	ADP
ftr-323	407	15	how	how	SCONJ
ftr-323	407	16	foreign	foreign	ADJ
ftr-323	407	17	effective	effective	ADJ
ftr-323	407	18	tax	tax	NOUN
ftr-323	407	19	rates	rate	NOUN
ftr-323	407	20	can	can	AUX
ftr-323	407	21	be	be	AUX
ftr-323	407	22	substantially	substantially	ADV
ftr-323	407	23	lower	low	ADJ
ftr-323	407	24	in	in	ADP
ftr-323	407	25	some	some	DET
ftr-323	407	26	years	year	NOUN
ftr-323	407	27	and	and	CCONJ
ftr-323	407	28	substantially	substantially	ADV
ftr-323	407	29	higher	high	ADJ
ftr-323	407	30	in	in	ADP
ftr-323	407	31	other	other	ADJ
ftr-323	407	32	years	year	NOUN
ftr-323	407	33	than	than	ADP
ftr-323	407	34	comparable	comparable	ADJ
ftr-323	407	35	u.s	u.s	PROPN
ftr-323	407	36	.	.	PROPN
ftr-323	407	37	rates	rate	NOUN
ftr-323	407	38	on	on	ADP
ftr-323	407	39	income	income	NOUN
ftr-323	407	40	as	as	SCONJ
ftr-323	407	41	measured	measure	VERB
ftr-323	407	42	for	for	ADP
ftr-323	407	43	u.s	u.s	PROPN
ftr-323	407	44	.	.	PROPN
ftr-323	407	45	tax	tax	NOUN
ftr-323	407	46	purposes	purpose	NOUN
ftr-323	407	47	.	.	PUNCT
ftr-323	408	1	a	a	DET
ftr-323	408	2	minimum	minimum	ADJ
ftr-323	408	3	effective	effective	ADJ
ftr-323	408	4	tax	tax	NOUN
ftr-323	408	5	rate	rate	NOUN
ftr-323	408	6	requirement	requirement	NOUN
ftr-323	408	7	set	set	VERB
ftr-323	408	8	at	at	ADP
ftr-323	408	9	higher	high	ADJ
ftr-323	408	10	than	than	ADP
ftr-323	408	11	a	a	DET
ftr-323	408	12	de	de	X
ftr-323	408	13	minimis	minimis	NOUN
ftr-323	408	14	level	level	NOUN
ftr-323	408	15	would	would	AUX
ftr-323	408	16	inevitably	inevitably	ADV
ftr-323	408	17	result	result	VERB
ftr-323	408	18	in	in	ADP
ftr-323	408	19	situations	situation	NOUN
ftr-323	408	20	where	where	SCONJ
ftr-323	408	21	income	income	NOUN
ftr-323	408	22	from	from	ADP
ftr-323	408	23	the	the	DET
ftr-323	408	24	same	same	ADJ
ftr-323	408	25	country	country	NOUN
ftr-323	408	26	,	,	PUNCT
ftr-323	408	27	including	include	VERB
ftr-323	408	28	countries	country	NOUN
ftr-323	408	29	with	with	ADP
ftr-323	408	30	relatively	relatively	ADV
ftr-323	408	31	high	high	ADJ
ftr-323	408	32	statutory	statutory	ADJ
ftr-323	408	33	rates	rate	NOUN
ftr-323	408	34	,	,	PUNCT
ftr-323	408	35	would	would	AUX
ftr-323	408	36	be	be	AUX
ftr-323	408	37	exempt	exempt	ADJ
ftr-323	408	38	in	in	ADP
ftr-323	408	39	some	some	DET
ftr-323	408	40	years	year	NOUN
ftr-323	408	41	but	but	CCONJ
ftr-323	408	42	taxable	taxable	ADJ
ftr-323	408	43	in	in	ADP
ftr-323	408	44	others	other	NOUN
ftr-323	408	45	.	.	PUNCT
ftr-323	409	1	the	the	DET
ftr-323	409	2	uncertainty	uncertainty	NOUN
ftr-323	409	3	and	and	CCONJ
ftr-323	409	4	complexity	complexity	NOUN
ftr-323	409	5	of	of	ADP
ftr-323	409	6	such	such	DET
ftr-323	409	7	a	a	DET
ftr-323	409	8	rule	rule	NOUN
ftr-323	409	9	for	for	ADP
ftr-323	409	10	both	both	DET
ftr-323	409	11	taxpayers	taxpayer	NOUN
ftr-323	409	12	and	and	CCONJ
ftr-323	409	13	tax	tax	NOUN
ftr-323	409	14	administrators	administrator	NOUN
ftr-323	409	15	make	make	VERB
ftr-323	409	16	it	it	PRON
ftr-323	409	17	clearly	clearly	ADV
ftr-323	409	18	anti	anti	ADJ
ftr-323	409	19	-	-	ADJ
ftr-323	409	20	competitive.62	competitive.62	ADJ
ftr-323	409	21	in	in	ADP
ftr-323	409	22	fact	fact	NOUN
ftr-323	409	23	,	,	PUNCT
ftr-323	409	24	however	however	ADV
ftr-323	409	25	,	,	PUNCT
ftr-323	409	26	the	the	DET
ftr-323	409	27	u.s	u.s	PROPN
ftr-323	409	28	.	.	PROPN
ftr-323	409	29	international	international	ADJ
ftr-323	409	30	tax	tax	NOUN
ftr-323	409	31	regime	regime	NOUN
ftr-323	409	32	has	have	AUX
ftr-323	409	33	found	find	VERB
ftr-323	409	34	a	a	DET
ftr-323	409	35	way	way	NOUN
ftr-323	409	36	to	to	PART
ftr-323	409	37	respond	respond	VERB
ftr-323	409	38	to	to	ADP
ftr-323	409	39	these	these	DET
ftr-323	409	40	objections	objection	NOUN
ftr-323	409	41	in	in	ADP
ftr-323	409	42	an	an	DET
ftr-323	409	43	analogous	analogous	ADJ
ftr-323	409	44	situation	situation	NOUN
ftr-323	409	45	.	.	PUNCT
ftr-323	410	1	section	section	NOUN
ftr-323	410	2	954(b)(4	954(b)(4	PROPN
ftr-323	410	3	)	)	PUNCT
ftr-323	410	4	provides	provide	VERB
ftr-323	410	5	that	that	PRON
ftr-323	410	6	for	for	ADP
ftr-323	410	7	purposes	purpose	NOUN
ftr-323	410	8	of	of	ADP
ftr-323	410	9	computing	compute	VERB
ftr-323	410	10	the	the	DET
ftr-323	410	11	subpart	subpart	NOUN
ftr-323	410	12	f	f	PROPN
ftr-323	410	13	income	income	NOUN
ftr-323	410	14	of	of	ADP
ftr-323	410	15	a	a	DET
ftr-323	410	16	controlled	control	VERB
ftr-323	410	17	foreign	foreign	ADJ
ftr-323	410	18	corporation	corporation	NOUN
ftr-323	410	19	(	(	PUNCT
ftr-323	410	20	cfc	cfc	PROPN
ftr-323	410	21	):	):	PUNCT
ftr-323	410	22	[	[	PUNCT
ftr-323	410	23	f]oreign	f]oreign	ADJ
ftr-323	410	24	base	base	NOUN
ftr-323	410	25	company	company	NOUN
ftr-323	410	26	income	income	NOUN
ftr-323	410	27	and	and	CCONJ
ftr-323	410	28	insurance	insurance	NOUN
ftr-323	410	29	income	income	NOUN
ftr-323	410	30	shall	shall	AUX
ftr-323	410	31	not	not	PART
ftr-323	410	32	include	include	VERB
ftr-323	410	33	any	any	DET
ftr-323	410	34	item	item	NOUN
ftr-323	410	35	of	of	ADP
ftr-323	410	36	income	income	NOUN
ftr-323	410	37	received	receive	VERB
ftr-323	410	38	by	by	ADP
ftr-323	410	39	a	a	DET
ftr-323	410	40	62	62	NUM
ftr-323	410	41	.	.	PUNCT
ftr-323	411	1	see	see	VERB
ftr-323	411	2	national	national	ADJ
ftr-323	411	3	foreign	foreign	PROPN
ftr-323	411	4	trade	trade	PROPN
ftr-323	411	5	council	council	PROPN
ftr-323	411	6	,	,	PUNCT
ftr-323	411	7	inc	inc	PROPN
ftr-323	411	8	.	.	PROPN
ftr-323	411	9	,	,	PUNCT
ftr-323	411	10	nftc	nftc	NOUN
ftr-323	411	11	report	report	PROPN
ftr-323	411	12	,	,	PUNCT
ftr-323	411	13	supra	supra	PROPN
ftr-323	411	14	note	note	PROPN
ftr-323	411	15	19	19	NUM
ftr-323	411	16	,	,	PUNCT
ftr-323	411	17	at	at	ADP
ftr-323	411	18	702	702	NUM
ftr-323	411	19	;	;	PUNCT
ftr-323	411	20	see	see	VERB
ftr-323	411	21	also	also	ADV
ftr-323	411	22	ali	ali	PROPN
ftr-323	411	23	,	,	PUNCT
ftr-323	411	24	international	international	ADJ
ftr-323	411	25	proposals	proposal	NOUN
ftr-323	411	26	,	,	PUNCT
ftr-323	411	27	supra	supra	PROPN
ftr-323	411	28	note	note	NOUN
ftr-323	411	29	57	57	NUM
ftr-323	411	30	,	,	PUNCT
ftr-323	411	31	at	at	ADP
ftr-323	411	32	329–32	329–32	NUM
ftr-323	411	33	.	.	PUNCT
ftr-323	412	1	2012	2012	NUM
ftr-323	412	2	]	]	PUNCT
ftr-323	412	3	exemption	exemption	NOUN
ftr-323	412	4	when	when	SCONJ
ftr-323	412	5	the	the	DET
ftr-323	412	6	treasury	treasury	NOUN
ftr-323	412	7	is	be	AUX
ftr-323	412	8	empty	empty	ADJ
ftr-323	412	9	419	419	NUM
ftr-323	412	10	controlled	control	VERB
ftr-323	412	11	foreign	foreign	ADJ
ftr-323	412	12	corporation	corporation	NOUN
ftr-323	412	13	if	if	SCONJ
ftr-323	412	14	the	the	DET
ftr-323	412	15	taxpayer	taxpayer	NOUN
ftr-323	412	16	establishes	establish	VERB
ftr-323	412	17	to	to	ADP
ftr-323	412	18	the	the	DET
ftr-323	412	19	satisfaction	satisfaction	NOUN
ftr-323	412	20	of	of	ADP
ftr-323	412	21	the	the	DET
ftr-323	412	22	secretary	secretary	NOUN
ftr-323	412	23	that	that	PRON
ftr-323	412	24	such	such	ADJ
ftr-323	412	25	income	income	NOUN
ftr-323	412	26	was	be	AUX
ftr-323	412	27	subject	subject	ADJ
ftr-323	412	28	to	to	ADP
ftr-323	412	29	an	an	DET
ftr-323	412	30	effective	effective	ADJ
ftr-323	412	31	rate	rate	NOUN
ftr-323	412	32	of	of	ADP
ftr-323	412	33	income	income	NOUN
ftr-323	412	34	tax	tax	NOUN
ftr-323	412	35	imposed	impose	VERB
ftr-323	412	36	by	by	ADP
ftr-323	412	37	a	a	DET
ftr-323	412	38	foreign	foreign	ADJ
ftr-323	412	39	country	country	NOUN
ftr-323	412	40	greater	great	ADJ
ftr-323	412	41	than	than	ADP
ftr-323	412	42	90	90	NUM
ftr-323	412	43	percent	percent	NOUN
ftr-323	412	44	of	of	ADP
ftr-323	412	45	the	the	DET
ftr-323	412	46	maximum	maximum	ADJ
ftr-323	412	47	rate	rate	NOUN
ftr-323	412	48	of	of	ADP
ftr-323	412	49	tax	tax	NOUN
ftr-323	412	50	specified	specify	VERB
ftr-323	412	51	in	in	ADP
ftr-323	412	52	section	section	NOUN
ftr-323	412	53	11.63	11.63	NUM
ftr-323	412	54	this	this	DET
ftr-323	412	55	provision	provision	NOUN
ftr-323	412	56	requires	require	VERB
ftr-323	412	57	essentially	essentially	ADV
ftr-323	412	58	the	the	DET
ftr-323	412	59	same	same	ADJ
ftr-323	412	60	computation	computation	NOUN
ftr-323	412	61	that	that	PRON
ftr-323	412	62	would	would	AUX
ftr-323	412	63	be	be	AUX
ftr-323	412	64	necessary	necessary	ADJ
ftr-323	412	65	if	if	SCONJ
ftr-323	412	66	a	a	DET
ftr-323	412	67	subject	subject	NOUN
ftr-323	412	68	-	-	PUNCT
ftr-323	412	69	to	to	ADP
ftr-323	412	70	-	-	PUNCT
ftr-323	412	71	tax	tax	NOUN
ftr-323	412	72	requirement	requirement	NOUN
ftr-323	412	73	were	be	AUX
ftr-323	412	74	included	include	VERB
ftr-323	412	75	in	in	ADP
ftr-323	412	76	a	a	DET
ftr-323	412	77	u.s	u.s	PROPN
ftr-323	412	78	.	.	PROPN
ftr-323	412	79	territorial	territorial	ADJ
ftr-323	412	80	or	or	CCONJ
ftr-323	412	81	exemption	exemption	NOUN
ftr-323	412	82	system	system	NOUN
ftr-323	412	83	.	.	PUNCT
ftr-323	413	1	while	while	SCONJ
ftr-323	413	2	the	the	DET
ftr-323	413	3	section	section	NOUN
ftr-323	413	4	954(b)(4	954(b)(4	NUM
ftr-323	413	5	)	)	PUNCT
ftr-323	413	6	computation	computation	NOUN
ftr-323	413	7	is	be	AUX
ftr-323	413	8	not	not	PART
ftr-323	413	9	simple	simple	ADJ
ftr-323	413	10	,	,	PUNCT
ftr-323	413	11	and	and	CCONJ
ftr-323	413	12	there	there	PRON
ftr-323	413	13	is	be	VERB
ftr-323	413	14	uncertainty	uncertainty	NOUN
ftr-323	413	15	in	in	ADP
ftr-323	413	16	marginal	marginal	ADJ
ftr-323	413	17	cases	case	NOUN
ftr-323	413	18	,	,	PUNCT
ftr-323	413	19	regulations	regulation	NOUN
ftr-323	413	20	have	have	AUX
ftr-323	413	21	made	make	VERB
ftr-323	413	22	it	it	PRON
ftr-323	413	23	workable,64	workable,64	NOUN
ftr-323	413	24	and	and	CCONJ
ftr-323	413	25	the	the	DET
ftr-323	413	26	same	same	ADJ
ftr-323	413	27	approach	approach	NOUN
ftr-323	413	28	could	could	AUX
ftr-323	413	29	be	be	AUX
ftr-323	413	30	taken	take	VERB
ftr-323	413	31	with	with	ADP
ftr-323	413	32	respect	respect	NOUN
ftr-323	413	33	to	to	ADP
ftr-323	413	34	the	the	DET
ftr-323	413	35	subject	subject	NOUN
ftr-323	413	36	-	-	PUNCT
ftr-323	413	37	to	to	ADP
ftr-323	413	38	-	-	PUNCT
ftr-323	413	39	tax	tax	NOUN
ftr-323	413	40	requirement	requirement	NOUN
ftr-323	413	41	of	of	ADP
ftr-323	413	42	a	a	DET
ftr-323	413	43	u.s	u.s	PROPN
ftr-323	413	44	.	.	PROPN
ftr-323	413	45	exemption	exemption	NOUN
ftr-323	413	46	system	system	NOUN
ftr-323	413	47	.	.	PUNCT
ftr-323	414	1	c.	c.	NOUN
ftr-323	415	1	the	the	DET
ftr-323	415	2	cliff	cliff	NOUN
ftr-323	415	3	effect	effect	NOUN
ftr-323	415	4	structuring	structure	VERB
ftr-323	415	5	a	a	DET
ftr-323	415	6	subject	subject	NOUN
ftr-323	415	7	-	-	PUNCT
ftr-323	415	8	to	to	ADP
ftr-323	415	9	-	-	PUNCT
ftr-323	415	10	tax	tax	NOUN
ftr-323	415	11	requirement	requirement	NOUN
ftr-323	415	12	in	in	ADP
ftr-323	415	13	terms	term	NOUN
ftr-323	415	14	of	of	ADP
ftr-323	415	15	a	a	DET
ftr-323	415	16	minimum	minimum	ADJ
ftr-323	415	17	foreign	foreign	ADJ
ftr-323	415	18	effective	effective	ADJ
ftr-323	415	19	rate	rate	NOUN
ftr-323	415	20	does	do	AUX
ftr-323	415	21	,	,	PUNCT
ftr-323	415	22	however	however	ADV
ftr-323	415	23	,	,	PUNCT
ftr-323	415	24	create	create	VERB
ftr-323	415	25	a	a	DET
ftr-323	415	26	cliff	cliff	NOUN
ftr-323	415	27	effect	effect	NOUN
ftr-323	415	28	that	that	PRON
ftr-323	415	29	raises	raise	VERB
ftr-323	415	30	two	two	NUM
ftr-323	415	31	theoretical	theoretical	ADJ
ftr-323	415	32	possibilities	possibility	NOUN
ftr-323	415	33	.	.	PUNCT
ftr-323	416	1	first	first	ADJ
ftr-323	416	2	,	,	PUNCT
ftr-323	416	3	low	low	ADJ
ftr-323	416	4	-	-	PUNCT
ftr-323	416	5	tax	tax	NOUN
ftr-323	416	6	foreign	foreign	ADJ
ftr-323	416	7	countries	country	NOUN
ftr-323	416	8	might	might	AUX
ftr-323	416	9	respond	respond	VERB
ftr-323	416	10	by	by	ADP
ftr-323	416	11	raising	raise	VERB
ftr-323	416	12	their	their	PRON
ftr-323	416	13	tax	tax	NOUN
ftr-323	416	14	rates	rate	NOUN
ftr-323	416	15	to	to	ADP
ftr-323	416	16	a	a	DET
ftr-323	416	17	point	point	NOUN
ftr-323	416	18	just	just	ADV
ftr-323	416	19	above	above	ADP
ftr-323	416	20	the	the	DET
ftr-323	416	21	u.s	u.s	PROPN
ftr-323	416	22	.	.	PROPN
ftr-323	416	23	minimum	minimum	ADJ
ftr-323	416	24	rate	rate	NOUN
ftr-323	416	25	threshold	threshold	NOUN
ftr-323	416	26	so	so	SCONJ
ftr-323	416	27	that	that	SCONJ
ftr-323	416	28	u.s	u.s	PROPN
ftr-323	416	29	.	.	PROPN
ftr-323	416	30	corporate	corporate	ADJ
ftr-323	416	31	taxpayers	taxpayer	NOUN
ftr-323	416	32	earning	earn	VERB
ftr-323	416	33	income	income	NOUN
ftr-323	416	34	in	in	ADP
ftr-323	416	35	those	those	DET
ftr-323	416	36	countries	country	NOUN
ftr-323	416	37	would	would	AUX
ftr-323	416	38	be	be	AUX
ftr-323	416	39	beneficiaries	beneficiary	NOUN
ftr-323	416	40	of	of	ADP
ftr-323	416	41	a	a	DET
ftr-323	416	42	u.s	u.s	PROPN
ftr-323	416	43	.	.	PROPN
ftr-323	416	44	tax	tax	NOUN
ftr-323	416	45	exemption	exemption	NOUN
ftr-323	416	46	rather	rather	ADV
ftr-323	416	47	than	than	ADP
ftr-323	416	48	a	a	DET
ftr-323	416	49	credit	credit	NOUN
ftr-323	416	50	for	for	ADP
ftr-323	416	51	foreign	foreign	ADJ
ftr-323	416	52	tax	tax	NOUN
ftr-323	416	53	payments.65	payments.65	PROPN
ftr-323	416	54	the	the	DET
ftr-323	416	55	u.s	u.s	PROPN
ftr-323	416	56	.	.	PROPN
ftr-323	416	57	treasury	treasury	PROPN
ftr-323	416	58	would	would	AUX
ftr-323	416	59	be	be	AUX
ftr-323	416	60	a	a	DET
ftr-323	416	61	loser	loser	NOUN
ftr-323	416	62	in	in	ADP
ftr-323	416	63	this	this	DET
ftr-323	416	64	scenario	scenario	NOUN
ftr-323	416	65	.	.	PUNCT
ftr-323	417	1	second	second	ADJ
ftr-323	417	2	,	,	PUNCT
ftr-323	417	3	u.s	u.s	PROPN
ftr-323	417	4	.	.	PROPN
ftr-323	417	5	corporations	corporation	NOUN
ftr-323	417	6	might	might	AUX
ftr-323	417	7	forgo	forgo	VERB
ftr-323	417	8	opportunities	opportunity	NOUN
ftr-323	417	9	to	to	PART
ftr-323	417	10	increase	increase	VERB
ftr-323	417	11	their	their	PRON
ftr-323	417	12	pre	pre	ADJ
ftr-323	417	13	-	-	ADJ
ftr-323	417	14	tax	tax	ADJ
ftr-323	417	15	profits	profit	NOUN
ftr-323	417	16	through	through	ADP
ftr-323	417	17	strategies	strategy	NOUN
ftr-323	417	18	that	that	PRON
ftr-323	417	19	would	would	AUX
ftr-323	417	20	drop	drop	VERB
ftr-323	417	21	their	their	PRON
ftr-323	417	22	effective	effective	ADJ
ftr-323	417	23	tax	tax	NOUN
ftr-323	417	24	rate	rate	NOUN
ftr-323	417	25	in	in	ADP
ftr-323	417	26	a	a	DET
ftr-323	417	27	particular	particular	ADJ
ftr-323	417	28	country	country	NOUN
ftr-323	417	29	from	from	ADP
ftr-323	417	30	above	above	ADP
ftr-323	417	31	the	the	DET
ftr-323	417	32	u.s	u.s	PROPN
ftr-323	417	33	.	.	PROPN
ftr-323	417	34	minimum	minimum	ADJ
ftr-323	417	35	rate	rate	NOUN
ftr-323	417	36	threshold	threshold	NOUN
ftr-323	417	37	to	to	ADP
ftr-323	417	38	a	a	DET
ftr-323	417	39	point	point	NOUN
ftr-323	417	40	below	below	ADP
ftr-323	417	41	it.66	it.66	VERB
ftr-323	417	42	world	world	NOUN
ftr-323	417	43	welfare	welfare	NOUN
ftr-323	417	44	would	would	AUX
ftr-323	417	45	decrease	decrease	VERB
ftr-323	417	46	in	in	ADP
ftr-323	417	47	this	this	DET
ftr-323	417	48	scenario	scenario	NOUN
ftr-323	417	49	.	.	PUNCT
ftr-323	418	1	the	the	DET
ftr-323	418	2	phenomenon	phenomenon	NOUN
ftr-323	418	3	of	of	ADP
ftr-323	418	4	international	international	ADJ
ftr-323	418	5	tax	tax	NOUN
ftr-323	418	6	competition67	competition67	NOUN
ftr-323	418	7	will	will	AUX
ftr-323	418	8	surely	surely	ADV
ftr-323	418	9	act	act	VERB
ftr-323	418	10	as	as	ADP
ftr-323	418	11	a	a	DET
ftr-323	418	12	restraint	restraint	NOUN
ftr-323	418	13	on	on	ADP
ftr-323	418	14	the	the	DET
ftr-323	418	15	first	first	ADJ
ftr-323	418	16	of	of	ADP
ftr-323	418	17	these	these	DET
ftr-323	418	18	scenarios	scenario	NOUN
ftr-323	418	19	,	,	PUNCT
ftr-323	418	20	and	and	CCONJ
ftr-323	418	21	both	both	DET
ftr-323	418	22	scenarios	scenario	NOUN
ftr-323	418	23	could	could	AUX
ftr-323	418	24	be	be	AUX
ftr-323	418	25	mitigated	mitigate	VERB
ftr-323	418	26	by	by	ADP
ftr-323	418	27	attaching	attach	VERB
ftr-323	418	28	a	a	DET
ftr-323	418	29	phasein	phasein	NOUN
ftr-323	418	30	to	to	ADP
ftr-323	418	31	the	the	DET
ftr-323	418	32	u.s	u.s	PROPN
ftr-323	418	33	.	.	PROPN
ftr-323	418	34	minimum	minimum	ADJ
ftr-323	418	35	rate	rate	NOUN
ftr-323	418	36	threshold	threshold	NOUN
ftr-323	418	37	.	.	PUNCT
ftr-323	419	1	for	for	ADP
ftr-323	419	2	example	example	NOUN
ftr-323	419	3	,	,	PUNCT
ftr-323	419	4	the	the	DET
ftr-323	419	5	united	united	PROPN
ftr-323	419	6	states	states	PROPN
ftr-323	419	7	might	might	AUX
ftr-323	419	8	give	give	VERB
ftr-323	419	9	a	a	DET
ftr-323	419	10	one	one	NUM
ftr-323	419	11	-	-	PUNCT
ftr-323	419	12	third	third	NOUN
ftr-323	419	13	exemption	exemption	NOUN
ftr-323	419	14	to	to	ADP
ftr-323	419	15	income	income	NOUN
ftr-323	419	16	subject	subject	ADJ
ftr-323	419	17	to	to	ADP
ftr-323	419	18	at	at	ADV
ftr-323	419	19	least	least	ADJ
ftr-323	419	20	a	a	DET
ftr-323	419	21	10	10	NUM
ftr-323	419	22	percent	percent	NOUN
ftr-323	419	23	foreign	foreign	ADJ
ftr-323	419	24	effective	effective	ADJ
ftr-323	419	25	tax	tax	NOUN
ftr-323	419	26	rate	rate	NOUN
ftr-323	419	27	,	,	PUNCT
ftr-323	419	28	a	a	DET
ftr-323	419	29	two	two	NUM
ftr-323	419	30	-	-	PUNCT
ftr-323	419	31	thirds	third	NOUN
ftr-323	419	32	exemption	exemption	NOUN
ftr-323	419	33	where	where	SCONJ
ftr-323	419	34	the	the	DET
ftr-323	419	35	foreign	foreign	ADJ
ftr-323	419	36	effective	effective	ADJ
ftr-323	419	37	tax	tax	NOUN
ftr-323	419	38	rate	rate	NOUN
ftr-323	419	39	63	63	NUM
ftr-323	419	40	.	.	PUNCT
ftr-323	419	41	i.r.c	i.r.c	NOUN
ftr-323	419	42	.	.	PUNCT
ftr-323	420	1	§	§	PROPN
ftr-323	420	2	954(b)(4	954(b)(4	PROPN
ftr-323	420	3	)	)	PUNCT
ftr-323	420	4	.	.	PUNCT
ftr-323	421	1	64	64	NUM
ftr-323	421	2	.	.	PUNCT
ftr-323	422	1	see	see	VERB
ftr-323	422	2	3	3	NUM
ftr-323	422	3	joseph	joseph	PROPN
ftr-323	422	4	isenbergh	isenbergh	PROPN
ftr-323	422	5	,	,	PUNCT
ftr-323	422	6	international	international	ADJ
ftr-323	422	7	taxation	taxation	NOUN
ftr-323	422	8	:	:	PUNCT
ftr-323	422	9	u.s	u.s	PROPN
ftr-323	422	10	.	.	PROPN
ftr-323	422	11	taxation	taxation	NOUN
ftr-323	422	12	of	of	ADP
ftr-323	422	13	foreign	foreign	ADJ
ftr-323	422	14	persons	person	NOUN
ftr-323	422	15	and	and	CCONJ
ftr-323	422	16	foreign	foreign	ADJ
ftr-323	422	17	income	income	NOUN
ftr-323	422	18	¶	¶	PROPN
ftr-323	422	19	74.39.3	74.39.3	NOUN
ftr-323	422	20	(	(	PUNCT
ftr-323	422	21	4th	4th	ADJ
ftr-323	422	22	ed	ed	NOUN
ftr-323	422	23	.	.	PUNCT
ftr-323	422	24	2006	2006	NUM
ftr-323	422	25	)	)	PUNCT
ftr-323	423	1	[	[	X
ftr-323	423	2	hereinafter	hereinafter	NOUN
ftr-323	423	3	isenbergh	isenbergh	NOUN
ftr-323	423	4	,	,	PUNCT
ftr-323	423	5	international	international	ADJ
ftr-323	423	6	taxation	taxation	NOUN
ftr-323	423	7	]	]	PUNCT
ftr-323	423	8	.	.	PUNCT
ftr-323	424	1	the	the	DET
ftr-323	424	2	current	current	ADJ
ftr-323	424	3	section	section	NOUN
ftr-323	424	4	954(b)(4	954(b)(4	NUM
ftr-323	424	5	)	)	PUNCT
ftr-323	424	6	regulations	regulation	NOUN
ftr-323	424	7	do	do	AUX
ftr-323	424	8	not	not	PART
ftr-323	424	9	include	include	VERB
ftr-323	424	10	foreign	foreign	ADJ
ftr-323	424	11	dividend	dividend	NOUN
ftr-323	424	12	withholding	withholding	NOUN
ftr-323	424	13	taxes	taxis	NOUN
ftr-323	424	14	in	in	ADP
ftr-323	424	15	the	the	DET
ftr-323	424	16	effective	effective	ADJ
ftr-323	424	17	tax	tax	NOUN
ftr-323	424	18	rate	rate	NOUN
ftr-323	424	19	computation	computation	NOUN
ftr-323	424	20	.	.	PUNCT
ftr-323	425	1	this	this	DET
ftr-323	425	2	omission	omission	NOUN
ftr-323	425	3	would	would	AUX
ftr-323	425	4	have	have	VERB
ftr-323	425	5	to	to	PART
ftr-323	425	6	be	be	AUX
ftr-323	425	7	corrected	correct	VERB
ftr-323	425	8	.	.	PUNCT
ftr-323	426	1	65	65	NUM
ftr-323	426	2	.	.	PUNCT
ftr-323	427	1	see	see	VERB
ftr-323	427	2	olson	olson	PROPN
ftr-323	427	3	,	,	PUNCT
ftr-323	427	4	merrill	merrill	NOUN
ftr-323	427	5	,	,	PUNCT
ftr-323	427	6	mundaca	mundaca	PROPN
ftr-323	427	7	,	,	PUNCT
ftr-323	427	8	reilly	reilly	PROPN
ftr-323	427	9	&	&	CCONJ
ftr-323	427	10	spellings	spelling	NOUN
ftr-323	427	11	,	,	PUNCT
ftr-323	427	12	new	new	ADJ
ftr-323	427	13	ground	ground	NOUN
ftr-323	427	14	,	,	PUNCT
ftr-323	427	15	supra	supra	PROPN
ftr-323	427	16	note	note	NOUN
ftr-323	427	17	23	23	NUM
ftr-323	427	18	,	,	PUNCT
ftr-323	427	19	at	at	ADP
ftr-323	427	20	63	63	NUM
ftr-323	427	21	.	.	PUNCT
ftr-323	428	1	66	66	NUM
ftr-323	428	2	.	.	PUNCT
ftr-323	429	1	see	see	VERB
ftr-323	429	2	i	i	PRON
ftr-323	429	3	d.	d.	PROPN
ftr-323	429	4	67	67	NUM
ftr-323	429	5	.	.	PUNCT
ftr-323	430	1	see	see	AUX
ftr-323	430	2	generally	generally	ADV
ftr-323	430	3	reuven	reuven	VERB
ftr-323	430	4	s.	s.	PROPN
ftr-323	430	5	avi	avi	PROPN
ftr-323	430	6	-	-	PUNCT
ftr-323	430	7	yonah	yonah	ADJ
ftr-323	430	8	,	,	PUNCT
ftr-323	430	9	globalization	globalization	NOUN
ftr-323	430	10	,	,	PUNCT
ftr-323	430	11	tax	tax	NOUN
ftr-323	430	12	competition	competition	NOUN
ftr-323	430	13	,	,	PUNCT
ftr-323	430	14	and	and	CCONJ
ftr-323	430	15	the	the	DET
ftr-323	430	16	fiscal	fiscal	ADJ
ftr-323	430	17	crisis	crisis	NOUN
ftr-323	430	18	of	of	ADP
ftr-323	430	19	the	the	DET
ftr-323	430	20	welfare	welfare	NOUN
ftr-323	430	21	state	state	NOUN
ftr-323	430	22	,	,	PUNCT
ftr-323	430	23	113	113	NUM
ftr-323	430	24	harv	harv	NOUN
ftr-323	430	25	.	.	PUNCT
ftr-323	431	1	l.	l.	PROPN
ftr-323	431	2	rev	rev	PROPN
ftr-323	431	3	.	.	PROPN
ftr-323	431	4	1573	1573	NUM
ftr-323	431	5	(	(	PUNCT
ftr-323	431	6	2000	2000	NUM
ftr-323	431	7	)	)	PUNCT
ftr-323	431	8	;	;	PUNCT
ftr-323	431	9	diane	diane	NOUN
ftr-323	431	10	ring	ring	NOUN
ftr-323	431	11	,	,	PUNCT
ftr-323	431	12	democracy	democracy	NOUN
ftr-323	431	13	,	,	PUNCT
ftr-323	431	14	sovereignty	sovereignty	NOUN
ftr-323	431	15	and	and	CCONJ
ftr-323	431	16	tax	tax	NOUN
ftr-323	431	17	competition	competition	NOUN
ftr-323	431	18	:	:	PUNCT
ftr-323	431	19	the	the	DET
ftr-323	431	20	role	role	NOUN
ftr-323	431	21	of	of	ADP
ftr-323	431	22	tax	tax	NOUN
ftr-323	431	23	sovereignty	sovereignty	NOUN
ftr-323	431	24	in	in	ADP
ftr-323	431	25	shaping	shape	VERB
ftr-323	431	26	tax	tax	NOUN
ftr-323	431	27	cooperation	cooperation	NOUN
ftr-323	431	28	,	,	PUNCT
ftr-323	431	29	9	9	NUM
ftr-323	431	30	fla	fla	NOUN
ftr-323	431	31	.	.	PUNCT
ftr-323	432	1	tax	tax	PROPN
ftr-323	432	2	rev	rev	PROPN
ftr-323	432	3	.	.	PROPN
ftr-323	432	4	555	555	NUM
ftr-323	432	5	(	(	PUNCT
ftr-323	432	6	2009	2009	NUM
ftr-323	432	7	)	)	PUNCT
ftr-323	432	8	.	.	PUNCT
ftr-323	433	1	420	420	NUM
ftr-323	433	2	florida	florida	PROPN
ftr-323	433	3	tax	tax	NOUN
ftr-323	433	4	review	review	NOUN
ftr-323	433	5	[	[	X
ftr-323	433	6	vol	vol	NOUN
ftr-323	433	7	.	.	PUNCT
ftr-323	434	1	13:8	13:8	NUM
ftr-323	434	2	is	be	AUX
ftr-323	434	3	at	at	ADP
ftr-323	434	4	least	least	ADJ
ftr-323	434	5	15	15	NUM
ftr-323	434	6	percent	percent	NOUN
ftr-323	434	7	,	,	PUNCT
ftr-323	434	8	and	and	CCONJ
ftr-323	434	9	a	a	DET
ftr-323	434	10	complete	complete	ADJ
ftr-323	434	11	exemption	exemption	NOUN
ftr-323	434	12	at	at	ADP
ftr-323	434	13	the	the	DET
ftr-323	434	14	20	20	NUM
ftr-323	434	15	percent	percent	NOUN
ftr-323	434	16	or	or	CCONJ
ftr-323	434	17	above	above	ADP
ftr-323	434	18	level.68	level.68	PROPN
ftr-323	434	19	this	this	DET
ftr-323	434	20	approach	approach	NOUN
ftr-323	434	21	would	would	AUX
ftr-323	434	22	require	require	VERB
ftr-323	434	23	low	low	ADJ
ftr-323	434	24	-	-	PUNCT
ftr-323	434	25	tax	tax	NOUN
ftr-323	434	26	countries	country	NOUN
ftr-323	434	27	to	to	PART
ftr-323	434	28	make	make	VERB
ftr-323	434	29	larger	large	ADJ
ftr-323	434	30	,	,	PUNCT
ftr-323	434	31	and	and	CCONJ
ftr-323	434	32	less	less	ADV
ftr-323	434	33	likely	likely	ADJ
ftr-323	434	34	,	,	PUNCT
ftr-323	434	35	tax	tax	NOUN
ftr-323	434	36	rate	rate	NOUN
ftr-323	434	37	increases	increase	NOUN
ftr-323	434	38	that	that	PRON
ftr-323	434	39	would	would	AUX
ftr-323	434	40	have	have	VERB
ftr-323	434	41	to	to	PART
ftr-323	434	42	affect	affect	VERB
ftr-323	434	43	investors	investor	NOUN
ftr-323	434	44	from	from	ADP
ftr-323	434	45	all	all	DET
ftr-323	434	46	countries	country	NOUN
ftr-323	434	47	(	(	PUNCT
ftr-323	434	48	not	not	PART
ftr-323	434	49	just	just	ADV
ftr-323	434	50	the	the	DET
ftr-323	434	51	united	united	PROPN
ftr-323	434	52	states	states	PROPN
ftr-323	434	53	)	)	PUNCT
ftr-323	434	54	in	in	ADP
ftr-323	434	55	order	order	NOUN
ftr-323	434	56	to	to	PART
ftr-323	434	57	secure	secure	VERB
ftr-323	434	58	a	a	DET
ftr-323	434	59	full	full	ADJ
ftr-323	434	60	u.s	u.s	PROPN
ftr-323	434	61	.	.	PROPN
ftr-323	434	62	exemption	exemption	NOUN
ftr-323	434	63	with	with	ADP
ftr-323	434	64	respect	respect	NOUN
ftr-323	434	65	to	to	ADP
ftr-323	434	66	income	income	NOUN
ftr-323	434	67	earned	earn	VERB
ftr-323	434	68	within	within	ADP
ftr-323	434	69	their	their	PRON
ftr-323	434	70	borders	border	NOUN
ftr-323	434	71	.	.	PUNCT
ftr-323	435	1	it	it	PRON
ftr-323	435	2	would	would	AUX
ftr-323	435	3	also	also	ADV
ftr-323	435	4	mean	mean	VERB
ftr-323	435	5	that	that	SCONJ
ftr-323	435	6	foreign	foreign	ADJ
ftr-323	435	7	tax	tax	NOUN
ftr-323	435	8	minimization	minimization	NOUN
ftr-323	435	9	would	would	AUX
ftr-323	435	10	be	be	AUX
ftr-323	435	11	less	less	ADV
ftr-323	435	12	likely	likely	ADJ
ftr-323	435	13	to	to	PART
ftr-323	435	14	result	result	VERB
ftr-323	435	15	in	in	ADP
ftr-323	435	16	loss	loss	NOUN
ftr-323	435	17	of	of	ADP
ftr-323	435	18	the	the	DET
ftr-323	435	19	entire	entire	ADJ
ftr-323	435	20	u.s	u.s	PROPN
ftr-323	435	21	.	.	PROPN
ftr-323	435	22	exemption	exemption	NOUN
ftr-323	435	23	.	.	PUNCT
ftr-323	436	1	d.	d.	PROPN
ftr-323	436	2	the	the	DET
ftr-323	436	3	listed	list	VERB
ftr-323	436	4	country	country	NOUN
ftr-323	436	5	approach	approach	NOUN
ftr-323	436	6	alternatively	alternatively	ADV
ftr-323	436	7	,	,	PUNCT
ftr-323	436	8	congress	congress	PROPN
ftr-323	436	9	could	could	AUX
ftr-323	436	10	give	give	VERB
ftr-323	436	11	the	the	DET
ftr-323	436	12	treasury	treasury	NOUN
ftr-323	436	13	the	the	DET
ftr-323	436	14	authority	authority	NOUN
ftr-323	436	15	to	to	PART
ftr-323	436	16	designate	designate	VERB
ftr-323	436	17	a	a	DET
ftr-323	436	18	list	list	NOUN
ftr-323	436	19	of	of	ADP
ftr-323	436	20	countries	country	NOUN
ftr-323	436	21	whose	whose	DET
ftr-323	436	22	tax	tax	NOUN
ftr-323	436	23	systems	system	NOUN
ftr-323	436	24	are	be	AUX
ftr-323	436	25	sufficiently	sufficiently	ADV
ftr-323	436	26	robust	robust	ADJ
ftr-323	436	27	so	so	SCONJ
ftr-323	436	28	that	that	SCONJ
ftr-323	436	29	,	,	PUNCT
ftr-323	436	30	on	on	ADP
ftr-323	436	31	average	average	ADJ
ftr-323	436	32	,	,	PUNCT
ftr-323	436	33	they	they	PRON
ftr-323	436	34	will	will	AUX
ftr-323	436	35	impose	impose	VERB
ftr-323	436	36	a	a	DET
ftr-323	436	37	substantial	substantial	ADJ
ftr-323	436	38	source	source	NOUN
ftr-323	436	39	tax	tax	NOUN
ftr-323	436	40	on	on	ADP
ftr-323	436	41	u.s	u.s	PROPN
ftr-323	436	42	.	.	PROPN
ftr-323	436	43	multinational	multinational	ADJ
ftr-323	436	44	corporations	corporation	NOUN
ftr-323	436	45	even	even	ADV
ftr-323	436	46	if	if	SCONJ
ftr-323	436	47	they	they	PRON
ftr-323	436	48	fail	fail	VERB
ftr-323	436	49	to	to	PART
ftr-323	436	50	do	do	VERB
ftr-323	436	51	so	so	ADV
ftr-323	436	52	in	in	ADP
ftr-323	436	53	some	some	DET
ftr-323	436	54	cases	case	NOUN
ftr-323	436	55	.	.	PUNCT
ftr-323	437	1	income	income	NOUN
ftr-323	437	2	sourced	source	VERB
ftr-323	437	3	in	in	ADP
ftr-323	437	4	those	those	DET
ftr-323	437	5	countries	country	NOUN
ftr-323	437	6	would	would	AUX
ftr-323	437	7	automatically	automatically	ADV
ftr-323	437	8	have	have	VERB
ftr-323	437	9	subject	subject	NOUN
ftr-323	437	10	-	-	PUNCT
ftr-323	437	11	to	to	ADP
ftr-323	437	12	-	-	PUNCT
ftr-323	437	13	tax	tax	NOUN
ftr-323	437	14	status	status	NOUN
ftr-323	437	15	.	.	PUNCT
ftr-323	438	1	income	income	NOUN
ftr-323	438	2	derived	derive	VERB
ftr-323	438	3	from	from	ADP
ftr-323	438	4	unlisted	unlisted	ADJ
ftr-323	438	5	countries	country	NOUN
ftr-323	438	6	would	would	AUX
ftr-323	438	7	fail	fail	VERB
ftr-323	438	8	the	the	DET
ftr-323	438	9	subject	subject	NOUN
ftr-323	438	10	-	-	PUNCT
ftr-323	438	11	to	to	ADP
ftr-323	438	12	-	-	PUNCT
ftr-323	438	13	tax	tax	NOUN
ftr-323	438	14	requirement	requirement	NOUN
ftr-323	438	15	and	and	CCONJ
ftr-323	438	16	be	be	AUX
ftr-323	438	17	disqualified	disqualify	VERB
ftr-323	438	18	as	as	ADP
ftr-323	438	19	a	a	DET
ftr-323	438	20	source	source	NOUN
ftr-323	438	21	for	for	ADP
ftr-323	438	22	exempt	exempt	ADJ
ftr-323	438	23	dividends.69	dividends.69	NOUN
ftr-323	438	24	while	while	SCONJ
ftr-323	438	25	this	this	DET
ftr-323	438	26	alternative	alternative	NOUN
ftr-323	438	27	would	would	AUX
ftr-323	438	28	not	not	PART
ftr-323	438	29	have	have	VERB
ftr-323	438	30	the	the	DET
ftr-323	438	31	taxpayer	taxpayer	NOUN
ftr-323	438	32	-	-	PUNCT
ftr-323	438	33	specific	specific	ADJ
ftr-323	438	34	precision	precision	NOUN
ftr-323	438	35	of	of	ADP
ftr-323	438	36	the	the	DET
ftr-323	438	37	section	section	NOUN
ftr-323	438	38	954(b)(4	954(b)(4	NUM
ftr-323	438	39	)	)	PUNCT
ftr-323	438	40	approach	approach	NOUN
ftr-323	438	41	,	,	PUNCT
ftr-323	438	42	it	it	PRON
ftr-323	438	43	would	would	AUX
ftr-323	438	44	avoid	avoid	VERB
ftr-323	438	45	creating	create	VERB
ftr-323	438	46	a	a	DET
ftr-323	438	47	cliff	cliff	NOUN
ftr-323	438	48	effect	effect	NOUN
ftr-323	438	49	,	,	PUNCT
ftr-323	438	50	and	and	CCONJ
ftr-323	438	51	it	it	PRON
ftr-323	438	52	would	would	AUX
ftr-323	438	53	increase	increase	VERB
ftr-323	438	54	certainty	certainty	NOUN
ftr-323	438	55	and	and	CCONJ
ftr-323	438	56	reduce	reduce	VERB
ftr-323	438	57	compliance	compliance	NOUN
ftr-323	438	58	costs	cost	NOUN
ftr-323	438	59	.	.	PUNCT
ftr-323	439	1	if	if	SCONJ
ftr-323	439	2	the	the	DET
ftr-323	439	3	creation	creation	NOUN
ftr-323	439	4	of	of	ADP
ftr-323	439	5	the	the	DET
ftr-323	439	6	list	list	NOUN
ftr-323	439	7	was	be	AUX
ftr-323	439	8	insulated	insulate	VERB
ftr-323	439	9	from	from	ADP
ftr-323	439	10	political	political	ADJ
ftr-323	439	11	pressure	pressure	NOUN
ftr-323	439	12	so	so	SCONJ
ftr-323	439	13	that	that	SCONJ
ftr-323	439	14	low	low	ADJ
ftr-323	439	15	-	-	PUNCT
ftr-323	439	16	tax	tax	NOUN
ftr-323	439	17	countries	country	NOUN
ftr-323	439	18	that	that	PRON
ftr-323	439	19	allow	allow	VERB
ftr-323	439	20	themselves	themselves	PRON
ftr-323	439	21	to	to	PART
ftr-323	439	22	be	be	AUX
ftr-323	439	23	used	use	VERB
ftr-323	439	24	as	as	ADP
ftr-323	439	25	tax	tax	NOUN
ftr-323	439	26	havens	haven	NOUN
ftr-323	439	27	,	,	PUNCT
ftr-323	439	28	such	such	ADJ
ftr-323	439	29	as	as	ADP
ftr-323	439	30	switzerland	switzerland	PROPN
ftr-323	439	31	,	,	PUNCT
ftr-323	439	32	ireland	ireland	PROPN
ftr-323	439	33	,	,	PUNCT
ftr-323	439	34	luxembourg	luxembourg	PROPN
ftr-323	439	35	,	,	PUNCT
ftr-323	439	36	singapore	singapore	PROPN
ftr-323	439	37	,	,	PUNCT
ftr-323	439	38	and	and	CCONJ
ftr-323	439	39	hong	hong	PROPN
ftr-323	439	40	kong	kong	PROPN
ftr-323	439	41	(	(	PUNCT
ftr-323	439	42	to	to	PART
ftr-323	439	43	name	name	VERB
ftr-323	439	44	a	a	DET
ftr-323	439	45	few	few	ADJ
ftr-323	439	46	)	)	PUNCT
ftr-323	439	47	,	,	PUNCT
ftr-323	439	48	were	be	AUX
ftr-323	439	49	excluded	exclude	VERB
ftr-323	439	50	from	from	ADP
ftr-323	439	51	the	the	DET
ftr-323	439	52	approved	approve	VERB
ftr-323	439	53	list	list	NOUN
ftr-323	439	54	,	,	PUNCT
ftr-323	439	55	the	the	DET
ftr-323	439	56	list	list	NOUN
ftr-323	439	57	approach	approach	NOUN
ftr-323	439	58	could	could	AUX
ftr-323	439	59	serve	serve	VERB
ftr-323	439	60	as	as	ADP
ftr-323	439	61	an	an	DET
ftr-323	439	62	acceptable	acceptable	ADJ
ftr-323	439	63	compromise	compromise	NOUN
ftr-323	439	64	in	in	ADP
ftr-323	439	65	light	light	NOUN
ftr-323	439	66	of	of	ADP
ftr-323	439	67	the	the	DET
ftr-323	439	68	fact	fact	NOUN
ftr-323	440	1	that	that	SCONJ
ftr-323	440	2	68	68	NUM
ftr-323	440	3	.	.	PUNCT
ftr-323	441	1	for	for	ADP
ftr-323	441	2	example	example	NOUN
ftr-323	441	3	,	,	PUNCT
ftr-323	441	4	the	the	DET
ftr-323	441	5	effective	effective	ADJ
ftr-323	441	6	rate	rate	NOUN
ftr-323	441	7	test	test	NOUN
ftr-323	441	8	in	in	ADP
ftr-323	441	9	option	option	NOUN
ftr-323	441	10	a	a	PRON
ftr-323	441	11	of	of	ADP
ftr-323	441	12	chairman	chairman	NOUN
ftr-323	441	13	camp	camp	PROPN
ftr-323	441	14	’s	’s	PART
ftr-323	441	15	discussion	discussion	NOUN
ftr-323	441	16	draft	draft	NOUN
ftr-323	441	17	is	be	AUX
ftr-323	441	18	phased	phase	VERB
ftr-323	441	19	in	in	ADP
ftr-323	441	20	.	.	PUNCT
ftr-323	442	1	see	see	VERB
ftr-323	442	2	ways	way	NOUN
ftr-323	442	3	&	&	CCONJ
ftr-323	442	4	means	mean	VERB
ftr-323	442	5	discussion	discussion	NOUN
ftr-323	442	6	draft	draft	NOUN
ftr-323	442	7	,	,	PUNCT
ftr-323	442	8	supra	supra	PROPN
ftr-323	442	9	note	note	NOUN
ftr-323	442	10	60	60	NUM
ftr-323	442	11	,	,	PUNCT
ftr-323	442	12	§	§	PROPN
ftr-323	442	13	331a	331a	PROPN
ftr-323	442	14	(	(	PUNCT
ftr-323	442	15	adding	add	VERB
ftr-323	442	16	new	new	ADJ
ftr-323	442	17	i.r.c	i.r.c	NOUN
ftr-323	442	18	.	.	PUNCT
ftr-323	443	1	§	§	PROPN
ftr-323	443	2	954(f)(2	954(f)(2	NUM
ftr-323	443	3	)	)	PUNCT
ftr-323	443	4	)	)	PUNCT
ftr-323	443	5	.	.	PUNCT
ftr-323	444	1	under	under	ADP
ftr-323	444	2	current	current	ADJ
ftr-323	444	3	u.s	u.s	PROPN
ftr-323	444	4	.	.	PROPN
ftr-323	444	5	tax	tax	NOUN
ftr-323	444	6	law	law	NOUN
ftr-323	444	7	,	,	PUNCT
ftr-323	444	8	if	if	SCONJ
ftr-323	444	9	a	a	DET
ftr-323	444	10	foreign	foreign	ADJ
ftr-323	444	11	country	country	NOUN
ftr-323	444	12	applies	apply	VERB
ftr-323	444	13	a	a	DET
ftr-323	444	14	higher	high	ADJ
ftr-323	444	15	than	than	ADP
ftr-323	444	16	normal	normal	ADJ
ftr-323	444	17	tax	tax	NOUN
ftr-323	444	18	rate	rate	NOUN
ftr-323	444	19	to	to	ADP
ftr-323	444	20	income	income	NOUN
ftr-323	444	21	earned	earn	VERB
ftr-323	444	22	within	within	ADP
ftr-323	444	23	its	its	PRON
ftr-323	444	24	borders	border	NOUN
ftr-323	444	25	by	by	ADP
ftr-323	444	26	u.s	u.s	PROPN
ftr-323	444	27	.	.	PROPN
ftr-323	444	28	residents	resident	NOUN
ftr-323	444	29	in	in	ADP
ftr-323	444	30	order	order	NOUN
ftr-323	444	31	to	to	PART
ftr-323	444	32	take	take	VERB
ftr-323	444	33	full	full	ADJ
ftr-323	444	34	advantage	advantage	NOUN
ftr-323	444	35	of	of	ADP
ftr-323	444	36	the	the	DET
ftr-323	444	37	u.s	u.s	PROPN
ftr-323	444	38	.	.	PROPN
ftr-323	444	39	foreign	foreign	ADJ
ftr-323	444	40	tax	tax	NOUN
ftr-323	444	41	credit	credit	NOUN
ftr-323	444	42	,	,	PUNCT
ftr-323	444	43	the	the	DET
ftr-323	444	44	foreign	foreign	ADJ
ftr-323	444	45	tax	tax	NOUN
ftr-323	444	46	credit	credit	NOUN
ftr-323	444	47	is	be	AUX
ftr-323	444	48	available	available	ADJ
ftr-323	444	49	only	only	ADV
ftr-323	444	50	for	for	ADP
ftr-323	444	51	the	the	DET
ftr-323	444	52	normal	normal	ADJ
ftr-323	444	53	portion	portion	NOUN
ftr-323	444	54	of	of	ADP
ftr-323	444	55	the	the	DET
ftr-323	444	56	foreign	foreign	ADJ
ftr-323	444	57	tax	tax	NOUN
ftr-323	444	58	.	.	PUNCT
ftr-323	445	1	the	the	DET
ftr-323	445	2	excess	excess	NOUN
ftr-323	445	3	is	be	AUX
ftr-323	445	4	a	a	DET
ftr-323	445	5	non	non	ADJ
ftr-323	445	6	-	-	ADJ
ftr-323	445	7	creditable	creditable	ADJ
ftr-323	445	8	“	"	PUNCT
ftr-323	445	9	soak	soak	VERB
ftr-323	445	10	-	-	PUNCT
ftr-323	445	11	up	up	ADP
ftr-323	445	12	”	"	PUNCT
ftr-323	445	13	tax	tax	NOUN
ftr-323	445	14	.	.	PUNCT
ftr-323	446	1	see	see	VERB
ftr-323	446	2	reg	reg	NOUN
ftr-323	446	3	.	.	PUNCT
ftr-323	447	1	§	§	PROPN
ftr-323	447	2	1.901	1.901	NUM
ftr-323	447	3	-	-	SYM
ftr-323	447	4	2(c	2(c	NUM
ftr-323	447	5	)	)	PUNCT
ftr-323	447	6	.	.	PUNCT
ftr-323	448	1	presumably	presumably	ADV
ftr-323	448	2	a	a	DET
ftr-323	448	3	similar	similar	ADJ
ftr-323	448	4	rule	rule	NOUN
ftr-323	448	5	would	would	AUX
ftr-323	448	6	apply	apply	VERB
ftr-323	448	7	for	for	ADP
ftr-323	448	8	purposes	purpose	NOUN
ftr-323	448	9	of	of	ADP
ftr-323	448	10	determining	determine	VERB
ftr-323	448	11	whether	whether	SCONJ
ftr-323	448	12	a	a	DET
ftr-323	448	13	foreign	foreign	ADJ
ftr-323	448	14	tax	tax	NOUN
ftr-323	448	15	is	be	AUX
ftr-323	448	16	sufficient	sufficient	ADJ
ftr-323	448	17	to	to	PART
ftr-323	448	18	satisfy	satisfy	VERB
ftr-323	448	19	the	the	DET
ftr-323	448	20	subject	subject	NOUN
ftr-323	448	21	-	-	PUNCT
ftr-323	448	22	to	to	ADP
ftr-323	448	23	-	-	PUNCT
ftr-323	448	24	tax	tax	NOUN
ftr-323	448	25	requirement	requirement	NOUN
ftr-323	448	26	.	.	PUNCT
ftr-323	449	1	69	69	NUM
ftr-323	449	2	.	.	PUNCT
ftr-323	450	1	see	see	VERB
ftr-323	450	2	generally	generally	ADV
ftr-323	450	3	h.	h.	PROPN
ftr-323	450	4	david	david	PROPN
ftr-323	450	5	rosenbloom	rosenbloom	PROPN
ftr-323	450	6	,	,	PUNCT
ftr-323	450	7	from	from	ADP
ftr-323	450	8	the	the	DET
ftr-323	450	9	bottom	bottom	NOUN
ftr-323	450	10	up	up	ADP
ftr-323	450	11	:	:	PUNCT
ftr-323	450	12	taxing	tax	VERB
ftr-323	450	13	the	the	DET
ftr-323	450	14	income	income	NOUN
ftr-323	450	15	of	of	ADP
ftr-323	450	16	foreign	foreign	ADJ
ftr-323	450	17	controlled	control	VERB
ftr-323	450	18	corporations	corporation	NOUN
ftr-323	450	19	,	,	PUNCT
ftr-323	450	20	26	26	NUM
ftr-323	450	21	brook	brook	NOUN
ftr-323	450	22	.	.	PUNCT
ftr-323	451	1	j.	j.	PROPN
ftr-323	451	2	int’l	int’l	PROPN
ftr-323	451	3	l.	l.	PROPN
ftr-323	451	4	1525	1525	NUM
ftr-323	451	5	(	(	PUNCT
ftr-323	451	6	2001	2001	NUM
ftr-323	451	7	)	)	PUNCT
ftr-323	452	1	[	[	X
ftr-323	452	2	hereinafter	hereinafter	NOUN
ftr-323	452	3	rosenbloom	rosenbloom	NOUN
ftr-323	452	4	,	,	PUNCT
ftr-323	452	5	from	from	ADP
ftr-323	452	6	the	the	DET
ftr-323	452	7	bottom	bottom	NOUN
ftr-323	452	8	up	up	ADP
ftr-323	452	9	]	]	PUNCT
ftr-323	452	10	(	(	PUNCT
ftr-323	452	11	making	make	VERB
ftr-323	452	12	such	such	DET
ftr-323	452	13	a	a	DET
ftr-323	452	14	proposal	proposal	NOUN
ftr-323	452	15	)	)	PUNCT
ftr-323	452	16	;	;	PUNCT
ftr-323	452	17	staff	staff	NOUN
ftr-323	452	18	of	of	ADP
ftr-323	452	19	joint	joint	ADJ
ftr-323	452	20	comm	comm	NOUN
ftr-323	452	21	.	.	PUNCT
ftr-323	452	22	,	,	PUNCT
ftr-323	452	23	impact	impact	NOUN
ftr-323	452	24	of	of	ADP
ftr-323	452	25	international	international	ADJ
ftr-323	452	26	tax	tax	NOUN
ftr-323	452	27	reform	reform	NOUN
ftr-323	452	28	,	,	PUNCT
ftr-323	452	29	supra	supra	PROPN
ftr-323	452	30	note	note	PROPN
ftr-323	452	31	17	17	NUM
ftr-323	452	32	,	,	PUNCT
ftr-323	452	33	at	at	ADP
ftr-323	452	34	8–9	8–9	NUM
ftr-323	452	35	;	;	PUNCT
ftr-323	452	36	u.s	u.s	PROPN
ftr-323	452	37	.	.	PROPN
ftr-323	452	38	treas	treas	PROPN
ftr-323	452	39	.	.	PUNCT
ftr-323	453	1	dep’t	dep’t	PROPN
ftr-323	453	2	,	,	PUNCT
ftr-323	453	3	interim	interim	PROPN
ftr-323	453	4	rep	rep	PROPN
ftr-323	453	5	.	.	PROPN
ftr-323	453	6	,	,	PUNCT
ftr-323	453	7	supra	supra	PROPN
ftr-323	453	8	,	,	PUNCT
ftr-323	453	9	note	note	VERB
ftr-323	453	10	50	50	NUM
ftr-323	453	11	,	,	PUNCT
ftr-323	453	12	at	at	ADP
ftr-323	453	13	42–43	42–43	NUM
ftr-323	453	14	;	;	PUNCT
ftr-323	453	15	graetz	graetz	PROPN
ftr-323	453	16	&	&	CCONJ
ftr-323	453	17	oosterhuis	oosterhuis	PROPN
ftr-323	453	18	,	,	PUNCT
ftr-323	453	19	structuring	structure	VERB
ftr-323	453	20	an	an	DET
ftr-323	453	21	exemption	exemption	NOUN
ftr-323	453	22	system	system	NOUN
ftr-323	453	23	,	,	PUNCT
ftr-323	453	24	supra	supra	PROPN
ftr-323	453	25	note	note	NOUN
ftr-323	453	26	50	50	NUM
ftr-323	453	27	,	,	PUNCT
ftr-323	453	28	at	at	ADP
ftr-323	453	29	783	783	NUM
ftr-323	453	30	.	.	PUNCT
ftr-323	454	1	australia	australia	PROPN
ftr-323	454	2	and	and	CCONJ
ftr-323	454	3	spain	spain	PROPN
ftr-323	454	4	apply	apply	VERB
ftr-323	454	5	versions	version	NOUN
ftr-323	454	6	of	of	ADP
ftr-323	454	7	this	this	DET
ftr-323	454	8	approach	approach	NOUN
ftr-323	454	9	.	.	PUNCT
ftr-323	455	1	see	see	VERB
ftr-323	455	2	staff	staff	NOUN
ftr-323	455	3	of	of	ADP
ftr-323	455	4	joint	joint	ADJ
ftr-323	455	5	comm	comm	NOUN
ftr-323	455	6	.	.	PUNCT
ftr-323	455	7	,	,	PUNCT
ftr-323	455	8	background	background	NOUN
ftr-323	455	9	and	and	CCONJ
ftr-323	455	10	issues	issue	NOUN
ftr-323	455	11	,	,	PUNCT
ftr-323	455	12	supra	supra	PROPN
ftr-323	455	13	note	note	NOUN
ftr-323	455	14	48	48	NUM
ftr-323	455	15	,	,	PUNCT
ftr-323	455	16	at	at	ADP
ftr-323	455	17	16	16	NUM
ftr-323	455	18	,	,	PUNCT
ftr-323	455	19	35	35	NUM
ftr-323	455	20	.	.	PUNCT
ftr-323	456	1	the	the	DET
ftr-323	456	2	presence	presence	NOUN
ftr-323	456	3	of	of	ADP
ftr-323	456	4	a	a	DET
ftr-323	456	5	treaty	treaty	NOUN
ftr-323	456	6	alone	alone	ADV
ftr-323	456	7	is	be	AUX
ftr-323	456	8	not	not	PART
ftr-323	456	9	sufficient	sufficient	ADJ
ftr-323	456	10	to	to	PART
ftr-323	456	11	assure	assure	VERB
ftr-323	456	12	that	that	SCONJ
ftr-323	456	13	income	income	NOUN
ftr-323	456	14	will	will	AUX
ftr-323	456	15	be	be	AUX
ftr-323	456	16	subject	subject	ADJ
ftr-323	456	17	to	to	ADP
ftr-323	456	18	more	more	ADJ
ftr-323	456	19	than	than	ADP
ftr-323	456	20	a	a	DET
ftr-323	456	21	de	de	X
ftr-323	456	22	minimis	minimis	NOUN
ftr-323	456	23	amount	amount	NOUN
ftr-323	456	24	of	of	ADP
ftr-323	456	25	tax	tax	NOUN
ftr-323	456	26	.	.	PUNCT
ftr-323	457	1	see	see	VERB
ftr-323	457	2	,	,	PUNCT
ftr-323	457	3	e.g.	e.g.	ADV
ftr-323	457	4	,	,	PUNCT
ftr-323	457	5	tom	tom	PROPN
ftr-323	457	6	bergin	bergin	PROPN
ftr-323	457	7	,	,	PUNCT
ftr-323	457	8	special	special	ADJ
ftr-323	457	9	report	report	NOUN
ftr-323	457	10	amazon	amazon	NOUN
ftr-323	457	11	’s	’s	PART
ftr-323	457	12	billion	billion	NUM
ftr-323	457	13	-	-	PUNCT
ftr-323	457	14	dollar	dollar	NOUN
ftr-323	457	15	tax	tax	NOUN
ftr-323	457	16	shield	shield	NOUN
ftr-323	457	17	,	,	PUNCT
ftr-323	457	18	reuters	reuters	PROPN
ftr-323	457	19	,	,	PUNCT
ftr-323	457	20	dec	dec	PROPN
ftr-323	457	21	.	.	PROPN
ftr-323	457	22	6	6	NUM
ftr-323	457	23	,	,	PUNCT
ftr-323	457	24	2012	2012	NUM
ftr-323	457	25	,	,	PUNCT
ftr-323	457	26	http://uk.reuters.com/article/2012/12/06/uk-tax-amazon-idukbre8b50at2012120	http://uk.reuters.com/article/2012/12/06/uk-tax-amazon-idukbre8b50at2012120	ADJ
ftr-323	457	27	6	6	NUM
ftr-323	457	28	(	(	PUNCT
ftr-323	457	29	describing	describe	VERB
ftr-323	457	30	use	use	NOUN
ftr-323	457	31	of	of	ADP
ftr-323	457	32	luxembourg	luxembourg	PROPN
ftr-323	457	33	companies	company	NOUN
ftr-323	457	34	to	to	PART
ftr-323	457	35	avoid	avoid	VERB
ftr-323	457	36	tax	tax	NOUN
ftr-323	457	37	)	)	PUNCT
ftr-323	457	38	.	.	PUNCT
ftr-323	458	1	2012	2012	NUM
ftr-323	458	2	]	]	PUNCT
ftr-323	458	3	exemption	exemption	NOUN
ftr-323	458	4	when	when	SCONJ
ftr-323	458	5	the	the	DET
ftr-323	458	6	treasury	treasury	NOUN
ftr-323	458	7	is	be	AUX
ftr-323	458	8	empty	empty	ADJ
ftr-323	458	9	421	421	NUM
ftr-323	458	10	the	the	DET
ftr-323	458	11	united	united	PROPN
ftr-323	458	12	states	states	PROPN
ftr-323	458	13	faces	face	VERB
ftr-323	458	14	a	a	DET
ftr-323	458	15	severe	severe	ADJ
ftr-323	458	16	revenue	revenue	NOUN
ftr-323	458	17	constraint	constraint	NOUN
ftr-323	458	18	and	and	CCONJ
ftr-323	458	19	,	,	PUNCT
ftr-323	458	20	therefore	therefore	ADV
ftr-323	458	21	,	,	PUNCT
ftr-323	458	22	should	should	AUX
ftr-323	458	23	avoid	avoid	VERB
ftr-323	458	24	waiving	waive	VERB
ftr-323	458	25	residual	residual	ADJ
ftr-323	458	26	tax	tax	NOUN
ftr-323	458	27	on	on	ADP
ftr-323	458	28	income	income	NOUN
ftr-323	458	29	of	of	ADP
ftr-323	458	30	u.s	u.s	PROPN
ftr-323	458	31	.	.	PROPN
ftr-323	458	32	residents	resident	NOUN
ftr-323	458	33	that	that	PRON
ftr-323	458	34	is	be	AUX
ftr-323	458	35	not	not	PART
ftr-323	458	36	significantly	significantly	ADV
ftr-323	458	37	taxed	tax	VERB
ftr-323	458	38	anywhere	anywhere	ADV
ftr-323	458	39	else	else	ADV
ftr-323	458	40	in	in	ADP
ftr-323	458	41	the	the	DET
ftr-323	458	42	world	world	NOUN
ftr-323	458	43	.	.	PUNCT
ftr-323	459	1	in	in	ADP
ftr-323	459	2	this	this	DET
ftr-323	459	3	context	context	NOUN
ftr-323	459	4	,	,	PUNCT
ftr-323	459	5	the	the	DET
ftr-323	459	6	relative	relative	ADJ
ftr-323	459	7	weights	weight	NOUN
ftr-323	459	8	given	give	VERB
ftr-323	459	9	to	to	ADP
ftr-323	459	10	precision	precision	NOUN
ftr-323	459	11	and	and	CCONJ
ftr-323	459	12	to	to	ADP
ftr-323	459	13	revenue	revenue	NOUN
ftr-323	459	14	generation	generation	NOUN
ftr-323	459	15	should	should	AUX
ftr-323	459	16	be	be	AUX
ftr-323	459	17	shifted	shift	VERB
ftr-323	459	18	somewhat	somewhat	ADV
ftr-323	459	19	towards	towards	ADP
ftr-323	459	20	the	the	DET
ftr-323	459	21	latter	latter	ADJ
ftr-323	459	22	in	in	ADP
ftr-323	459	23	the	the	DET
ftr-323	459	24	policy	policy	NOUN
ftr-323	459	25	-	-	PUNCT
ftr-323	459	26	making	make	VERB
ftr-323	459	27	process	process	NOUN
ftr-323	459	28	.	.	PUNCT
ftr-323	460	1	e.	e.	PROPN
ftr-323	460	2	locational	locational	ADJ
ftr-323	460	3	distortion	distortion	NOUN
ftr-323	460	4	finally	finally	ADV
ftr-323	460	5	,	,	PUNCT
ftr-323	460	6	it	it	PRON
ftr-323	460	7	seems	seem	VERB
ftr-323	460	8	clear	clear	ADJ
ftr-323	460	9	that	that	SCONJ
ftr-323	460	10	in	in	ADP
ftr-323	460	11	comparison	comparison	NOUN
ftr-323	460	12	with	with	ADP
ftr-323	460	13	a	a	DET
ftr-323	460	14	u.s	u.s	PROPN
ftr-323	460	15	.	.	PROPN
ftr-323	460	16	worldwide	worldwide	ADJ
ftr-323	460	17	system	system	NOUN
ftr-323	460	18	that	that	PRON
ftr-323	460	19	has	have	AUX
ftr-323	460	20	been	be	AUX
ftr-323	460	21	reformed	reform	VERB
ftr-323	460	22	to	to	PART
ftr-323	460	23	cure	cure	VERB
ftr-323	460	24	its	its	PRON
ftr-323	460	25	considerable	considerable	ADJ
ftr-323	460	26	defects,70	defects,70	NOUN
ftr-323	460	27	a	a	DET
ftr-323	460	28	u.s	u.s	PROPN
ftr-323	460	29	.	.	PROPN
ftr-323	460	30	exemption	exemption	NOUN
ftr-323	460	31	system	system	NOUN
ftr-323	460	32	would	would	AUX
ftr-323	460	33	erode	erode	VERB
ftr-323	460	34	the	the	DET
ftr-323	460	35	beleaguered	beleaguered	ADJ
ftr-323	460	36	u.s	u.s	PROPN
ftr-323	460	37	.	.	PROPN
ftr-323	460	38	tax	tax	NOUN
ftr-323	460	39	base	base	NOUN
ftr-323	460	40	by	by	ADP
ftr-323	460	41	encouraging	encourage	VERB
ftr-323	460	42	u.s	u.s	PROPN
ftr-323	460	43	.	.	PROPN
ftr-323	460	44	resident	resident	PROPN
ftr-323	460	45	corporations	corporation	NOUN
ftr-323	460	46	to	to	PART
ftr-323	460	47	locate	locate	VERB
ftr-323	460	48	new	new	ADJ
ftr-323	460	49	or	or	CCONJ
ftr-323	460	50	expanded	expand	VERB
ftr-323	460	51	business	business	NOUN
ftr-323	460	52	activity	activity	NOUN
ftr-323	460	53	in	in	ADP
ftr-323	460	54	low	low	ADJ
ftr-323	460	55	-	-	PUNCT
ftr-323	460	56	tax	tax	NOUN
ftr-323	460	57	foreign	foreign	ADJ
ftr-323	460	58	countries	country	NOUN
ftr-323	460	59	instead	instead	ADV
ftr-323	460	60	of	of	ADP
ftr-323	460	61	in	in	ADP
ftr-323	460	62	the	the	DET
ftr-323	460	63	united	united	PROPN
ftr-323	460	64	states.71	states.71	PROPN
ftr-323	460	65	this	this	DET
ftr-323	460	66	phenomenon	phenomenon	NOUN
ftr-323	460	67	would	would	AUX
ftr-323	460	68	be	be	AUX
ftr-323	460	69	considerably	considerably	ADV
ftr-323	460	70	magnified	magnify	VERB
ftr-323	460	71	if	if	SCONJ
ftr-323	460	72	the	the	DET
ftr-323	460	73	u.s	u.s	PROPN
ftr-323	460	74	.	.	PROPN
ftr-323	460	75	exemption	exemption	NOUN
ftr-323	460	76	system	system	NOUN
ftr-323	460	77	were	be	AUX
ftr-323	460	78	to	to	PART
ftr-323	460	79	permit	permit	VERB
ftr-323	460	80	the	the	DET
ftr-323	460	81	foreign	foreign	ADJ
ftr-323	460	82	location	location	NOUN
ftr-323	460	83	to	to	PART
ftr-323	460	84	be	be	AUX
ftr-323	460	85	one	one	NUM
ftr-323	460	86	where	where	SCONJ
ftr-323	460	87	no	no	DET
ftr-323	460	88	meaningful	meaningful	ADJ
ftr-323	460	89	local	local	ADJ
ftr-323	460	90	tax	tax	NOUN
ftr-323	460	91	has	have	VERB
ftr-323	460	92	to	to	PART
ftr-323	460	93	be	be	AUX
ftr-323	460	94	paid	pay	VERB
ftr-323	460	95	as	as	ADP
ftr-323	460	96	a	a	DET
ftr-323	460	97	cost	cost	NOUN
ftr-323	460	98	of	of	ADP
ftr-323	460	99	carrying	carry	VERB
ftr-323	460	100	on	on	ADP
ftr-323	460	101	business	business	NOUN
ftr-323	460	102	there.72	there.72	NOUN
ftr-323	460	103	this	this	PRON
ftr-323	460	104	is	be	AUX
ftr-323	460	105	not	not	PART
ftr-323	460	106	a	a	DET
ftr-323	460	107	good	good	ADJ
ftr-323	460	108	policy	policy	NOUN
ftr-323	460	109	outcome	outcome	NOUN
ftr-323	460	110	,	,	PUNCT
ftr-323	460	111	and	and	CCONJ
ftr-323	460	112	it	it	PRON
ftr-323	460	113	is	be	AUX
ftr-323	460	114	particularly	particularly	ADV
ftr-323	460	115	objectionable	objectionable	ADJ
ftr-323	460	116	in	in	ADP
ftr-323	460	117	the	the	DET
ftr-323	460	118	present	present	ADJ
ftr-323	460	119	u.s	u.s	PROPN
ftr-323	460	120	.	.	PROPN
ftr-323	460	121	revenue	revenue	NOUN
ftr-323	460	122	context	context	NOUN
ftr-323	460	123	.	.	PUNCT
ftr-323	461	1	f.	f.	PROPN
ftr-323	461	2	implicit	implicit	ADJ
ftr-323	461	3	taxes	taxis	NOUN
ftr-323	461	4	return	return	VERB
ftr-323	461	5	now	now	ADV
ftr-323	461	6	to	to	ADP
ftr-323	461	7	the	the	DET
ftr-323	461	8	earlier	early	ADJ
ftr-323	461	9	example	example	NOUN
ftr-323	461	10	of	of	ADP
ftr-323	461	11	usco	usco	PROPN
ftr-323	461	12	,	,	PUNCT
ftr-323	461	13	a	a	DET
ftr-323	461	14	u.s	u.s	PROPN
ftr-323	461	15	.	.	PROPN
ftr-323	461	16	resident	resident	PROPN
ftr-323	461	17	corporation	corporation	NOUN
ftr-323	461	18	paying	pay	VERB
ftr-323	461	19	u.s	u.s	PROPN
ftr-323	461	20	.	.	PROPN
ftr-323	461	21	income	income	NOUN
ftr-323	461	22	tax	tax	NOUN
ftr-323	461	23	at	at	ADP
ftr-323	461	24	a	a	DET
ftr-323	461	25	35	35	NUM
ftr-323	461	26	percent	percent	NOUN
ftr-323	461	27	rate	rate	NOUN
ftr-323	461	28	,	,	PUNCT
ftr-323	461	29	and	and	CCONJ
ftr-323	461	30	its	its	PRON
ftr-323	461	31	wholly	wholly	ADV
ftr-323	461	32	owned	own	VERB
ftr-323	461	33	,	,	PUNCT
ftr-323	461	34	active	active	ADJ
ftr-323	461	35	business	business	NOUN
ftr-323	461	36	subsidiary	subsidiary	NOUN
ftr-323	461	37	,	,	PUNCT
ftr-323	461	38	fs	fs	PROPN
ftr-323	461	39	,	,	PUNCT
ftr-323	461	40	which	which	PRON
ftr-323	461	41	is	be	AUX
ftr-323	461	42	incorporated	incorporate	VERB
ftr-323	461	43	in	in	ADP
ftr-323	461	44	lowtaxia	lowtaxia	NOUN
ftr-323	461	45	,	,	PUNCT
ftr-323	461	46	a	a	DET
ftr-323	461	47	country	country	NOUN
ftr-323	461	48	without	without	ADP
ftr-323	461	49	a	a	DET
ftr-323	461	50	corporate	corporate	ADJ
ftr-323	461	51	profits	profit	NOUN
ftr-323	461	52	tax	tax	NOUN
ftr-323	461	53	or	or	CCONJ
ftr-323	461	54	a	a	DET
ftr-323	461	55	dividend	dividend	NOUN
ftr-323	461	56	withholding	withholding	NOUN
ftr-323	462	1	tax.73	tax.73	NOUN
ftr-323	462	2	assume	assume	VERB
ftr-323	462	3	that	that	SCONJ
ftr-323	462	4	the	the	DET
ftr-323	462	5	united	united	PROPN
ftr-323	462	6	states	states	PROPN
ftr-323	462	7	and	and	CCONJ
ftr-323	462	8	lowtaxia	lowtaxia	PROPN
ftr-323	462	9	are	be	AUX
ftr-323	462	10	the	the	DET
ftr-323	462	11	world	world	NOUN
ftr-323	462	12	’s	’s	PART
ftr-323	462	13	only	only	ADJ
ftr-323	462	14	countries	country	NOUN
ftr-323	462	15	,	,	PUNCT
ftr-323	462	16	that	that	SCONJ
ftr-323	462	17	u.s	u.s	PROPN
ftr-323	462	18	.	.	PROPN
ftr-323	462	19	corporations	corporation	NOUN
ftr-323	462	20	like	like	ADP
ftr-323	462	21	usco	usco	PROPN
ftr-323	462	22	can	can	AUX
ftr-323	462	23	earn	earn	VERB
ftr-323	462	24	a	a	DET
ftr-323	462	25	10	10	NUM
ftr-323	462	26	percent	percent	NOUN
ftr-323	462	27	pre	pre	ADJ
ftr-323	462	28	-	-	ADJ
ftr-323	462	29	tax	tax	ADJ
ftr-323	462	30	return	return	NOUN
ftr-323	462	31	on	on	ADP
ftr-323	462	32	investments	investment	NOUN
ftr-323	462	33	in	in	ADP
ftr-323	462	34	u.s	u.s	PROPN
ftr-323	462	35	.	.	PROPN
ftr-323	462	36	business	business	NOUN
ftr-323	462	37	activities	activity	NOUN
ftr-323	462	38	,	,	PUNCT
ftr-323	462	39	and	and	CCONJ
ftr-323	462	40	that	that	SCONJ
ftr-323	462	41	the	the	DET
ftr-323	462	42	united	united	PROPN
ftr-323	462	43	states	states	PROPN
ftr-323	462	44	provides	provide	VERB
ftr-323	462	45	a	a	DET
ftr-323	462	46	tax	tax	NOUN
ftr-323	462	47	exemption	exemption	NOUN
ftr-323	462	48	for	for	ADP
ftr-323	462	49	all	all	DET
ftr-323	462	50	dividends	dividend	NOUN
ftr-323	462	51	from	from	ADP
ftr-323	462	52	foreign	foreign	ADJ
ftr-323	462	53	subsidiaries	subsidiary	NOUN
ftr-323	462	54	regardless	regardless	ADV
ftr-323	462	55	of	of	ADP
ftr-323	462	56	whether	whether	SCONJ
ftr-323	462	57	the	the	DET
ftr-323	462	58	subsidiaries	subsidiary	NOUN
ftr-323	462	59	have	have	AUX
ftr-323	462	60	paid	pay	VERB
ftr-323	462	61	any	any	DET
ftr-323	462	62	foreign	foreign	ADJ
ftr-323	462	63	tax	tax	NOUN
ftr-323	462	64	.	.	PUNCT
ftr-323	463	1	the	the	DET
ftr-323	463	2	theory	theory	NOUN
ftr-323	463	3	of	of	ADP
ftr-323	463	4	tax	tax	NOUN
ftr-323	463	5	capitalization	capitalization	NOUN
ftr-323	463	6	suggests	suggest	VERB
ftr-323	463	7	that	that	SCONJ
ftr-323	463	8	because	because	SCONJ
ftr-323	463	9	the	the	DET
ftr-323	463	10	after	after	ADP
ftr-323	463	11	-	-	PUNCT
ftr-323	463	12	tax	tax	NOUN
ftr-323	463	13	return	return	NOUN
ftr-323	463	14	to	to	ADP
ftr-323	463	15	u.s	u.s	PROPN
ftr-323	463	16	.	.	PROPN
ftr-323	463	17	corporations	corporation	NOUN
ftr-323	463	18	on	on	ADP
ftr-323	463	19	their	their	PRON
ftr-323	463	20	u.s	u.s	PROPN
ftr-323	463	21	.	.	PROPN
ftr-323	463	22	investments	investment	NOUN
ftr-323	463	23	is	be	AUX
ftr-323	463	24	6.5	6.5	NUM
ftr-323	463	25	percent,74	percent,74	NOUN
ftr-323	463	26	u.s	u.s	PROPN
ftr-323	463	27	.	.	PROPN
ftr-323	463	28	corporations	corporation	NOUN
ftr-323	463	29	will	will	AUX
ftr-323	463	30	be	be	AUX
ftr-323	463	31	willing	willing	ADJ
ftr-323	463	32	to	to	PART
ftr-323	463	33	pay	pay	VERB
ftr-323	463	34	a	a	DET
ftr-323	463	35	purchase	purchase	NOUN
ftr-323	463	36	price	price	NOUN
ftr-323	463	37	for	for	ADP
ftr-323	463	38	tax	tax	NOUN
ftr-323	463	39	-	-	PUNCT
ftr-323	463	40	free	free	ADJ
ftr-323	463	41	investments	investment	NOUN
ftr-323	463	42	in	in	ADP
ftr-323	463	43	lowtaxia	lowtaxia	ADJ
ftr-323	463	44	businesses	business	NOUN
ftr-323	463	45	that	that	SCONJ
ftr-323	463	46	70	70	X
ftr-323	463	47	.	.	PUNCT
ftr-323	464	1	see	see	VERB
ftr-323	464	2	jobs	job	NOUN
ftr-323	464	3	council	council	PROPN
ftr-323	464	4	,	,	PUNCT
ftr-323	464	5	road	road	NOUN
ftr-323	464	6	map	map	NOUN
ftr-323	464	7	,	,	PUNCT
ftr-323	464	8	supra	supra	PROPN
ftr-323	464	9	note	note	NOUN
ftr-323	464	10	1	1	NUM
ftr-323	464	11	,	,	PUNCT
ftr-323	464	12	at	at	ADP
ftr-323	464	13	47–48	47–48	NUM
ftr-323	464	14	;	;	PUNCT
ftr-323	464	15	daniel	daniel	PROPN
ftr-323	464	16	e.	e.	PROPN
ftr-323	464	17	kwak	kwak	PROPN
ftr-323	464	18	,	,	PUNCT
ftr-323	464	19	america	america	PROPN
ftr-323	464	20	’s	’s	PART
ftr-323	464	21	refusal	refusal	NOUN
ftr-323	464	22	to	to	ADP
ftr-323	464	23	‘	'	PUNCT
ftr-323	464	24	race	race	NOUN
ftr-323	464	25	to	to	ADP
ftr-323	464	26	the	the	DET
ftr-323	464	27	bottom	bottom	NOUN
ftr-323	464	28	’	'	PUNCT
ftr-323	464	29	:	:	PUNCT
ftr-323	464	30	worldwide	worldwide	ADV
ftr-323	464	31	vs.	vs.	ADP
ftr-323	464	32	territorial	territorial	ADJ
ftr-323	464	33	taxation	taxation	NOUN
ftr-323	464	34	,	,	PUNCT
ftr-323	464	35	65	65	NUM
ftr-323	464	36	tax	tax	NOUN
ftr-323	464	37	notes	note	NOUN
ftr-323	464	38	int’l	int’l	ADJ
ftr-323	464	39	387	387	NUM
ftr-323	464	40	,	,	PUNCT
ftr-323	464	41	393–94	393–94	NUM
ftr-323	464	42	(	(	PUNCT
ftr-323	464	43	jan	jan	PROPN
ftr-323	464	44	.	.	PROPN
ftr-323	464	45	30	30	NUM
ftr-323	464	46	,	,	PUNCT
ftr-323	464	47	2012	2012	NUM
ftr-323	464	48	)	)	PUNCT
ftr-323	464	49	.	.	PUNCT
ftr-323	465	1	see	see	VERB
ftr-323	465	2	generally	generally	ADV
ftr-323	465	3	fleming	fleme	VERB
ftr-323	465	4	,	,	PUNCT
ftr-323	465	5	peroni	peroni	PROPN
ftr-323	465	6	&	&	CCONJ
ftr-323	465	7	shay	shay	PROPN
ftr-323	465	8	,	,	PUNCT
ftr-323	465	9	worse	bad	ADJ
ftr-323	465	10	than	than	ADP
ftr-323	465	11	exemption	exemption	NOUN
ftr-323	465	12	,	,	PUNCT
ftr-323	465	13	supra	supra	PROPN
ftr-323	465	14	note	note	PROPN
ftr-323	465	15	4	4	NUM
ftr-323	465	16	;	;	PUNCT
ftr-323	465	17	peroni	peroni	PROPN
ftr-323	465	18	,	,	PUNCT
ftr-323	465	19	fleming	fleming	PROPN
ftr-323	465	20	&	&	CCONJ
ftr-323	465	21	shay	shay	PROPN
ftr-323	465	22	,	,	PUNCT
ftr-323	465	23	getting	get	VERB
ftr-323	465	24	serious	serious	ADJ
ftr-323	465	25	,	,	PUNCT
ftr-323	465	26	supra	supra	ADJ
ftr-323	465	27	note	note	NOUN
ftr-323	465	28	3	3	NUM
ftr-323	465	29	.	.	NOUN
ftr-323	465	30	71	71	NUM
ftr-323	465	31	.	.	PUNCT
ftr-323	466	1	see	see	VERB
ftr-323	466	2	generally	generally	ADV
ftr-323	466	3	fleming	fleme	VERB
ftr-323	466	4	,	,	PUNCT
ftr-323	466	5	peroni	peroni	PROPN
ftr-323	466	6	&	&	CCONJ
ftr-323	466	7	shay	shay	PROPN
ftr-323	466	8	,	,	PUNCT
ftr-323	466	9	worldwide	worldwide	ADV
ftr-323	466	10	vs.	vs.	ADP
ftr-323	466	11	territorial	territorial	ADJ
ftr-323	466	12	,	,	PUNCT
ftr-323	466	13	supra	supra	PROPN
ftr-323	466	14	note	note	NOUN
ftr-323	466	15	21	21	NUM
ftr-323	466	16	.	.	PUNCT
ftr-323	467	1	72	72	NUM
ftr-323	467	2	.	.	PUNCT
ftr-323	468	1	see	see	VERB
ftr-323	468	2	aba	aba	PROPN
ftr-323	468	3	tax’n	tax’n	NUM
ftr-323	468	4	sec	sec	PROPN
ftr-323	468	5	.	.	PROPN
ftr-323	468	6	,	,	PUNCT
ftr-323	468	7	task	task	PROPN
ftr-323	468	8	force	force	PROPN
ftr-323	468	9	rep	rep	PROPN
ftr-323	468	10	.	.	PROPN
ftr-323	468	11	,	,	PUNCT
ftr-323	468	12	supra	supra	PROPN
ftr-323	468	13	note	note	VERB
ftr-323	468	14	50	50	NUM
ftr-323	468	15	,	,	PUNCT
ftr-323	468	16	at	at	ADP
ftr-323	468	17	730	730	NUM
ftr-323	468	18	;	;	PUNCT
ftr-323	468	19	staff	staff	NOUN
ftr-323	468	20	of	of	ADP
ftr-323	468	21	joint	joint	ADJ
ftr-323	468	22	comm	comm	NOUN
ftr-323	468	23	.	.	PUNCT
ftr-323	468	24	,	,	PUNCT
ftr-323	469	1	impact	impact	NOUN
ftr-323	469	2	of	of	ADP
ftr-323	469	3	international	international	ADJ
ftr-323	469	4	tax	tax	NOUN
ftr-323	469	5	reform	reform	NOUN
ftr-323	469	6	,	,	PUNCT
ftr-323	469	7	supra	supra	PROPN
ftr-323	469	8	note	note	PROPN
ftr-323	469	9	17	17	NUM
ftr-323	469	10	,	,	PUNCT
ftr-323	469	11	at	at	ADP
ftr-323	469	12	5	5	NUM
ftr-323	469	13	.	.	X
ftr-323	469	14	73	73	NUM
ftr-323	469	15	.	.	PUNCT
ftr-323	470	1	see	see	VERB
ftr-323	470	2	supra	supra	PROPN
ftr-323	470	3	notes	note	NOUN
ftr-323	470	4	49–51	49–51	NUM
ftr-323	470	5	and	and	CCONJ
ftr-323	470	6	accompanying	accompany	VERB
ftr-323	470	7	text	text	NOUN
ftr-323	470	8	.	.	PUNCT
ftr-323	471	1	74	74	NUM
ftr-323	471	2	.	.	X
ftr-323	472	1	10	10	NUM
ftr-323	472	2	percent	percent	NOUN
ftr-323	472	3	–	–	PUNCT
ftr-323	472	4	(	(	PUNCT
ftr-323	472	5	10	10	NUM
ftr-323	472	6	percent	percent	NOUN
ftr-323	472	7	×	×	NOUN
ftr-323	472	8	35	35	NUM
ftr-323	472	9	percent	percent	NOUN
ftr-323	472	10	)	)	PUNCT
ftr-323	472	11	=	=	SYM
ftr-323	472	12	6.5	6.5	NUM
ftr-323	472	13	percent	percent	NOUN
ftr-323	472	14	.	.	PUNCT
ftr-323	473	1	422	422	NUM
ftr-323	473	2	florida	florida	PROPN
ftr-323	473	3	tax	tax	NOUN
ftr-323	473	4	review	review	NOUN
ftr-323	474	1	[	[	X
ftr-323	474	2	vol	vol	NOUN
ftr-323	474	3	.	.	PUNCT
ftr-323	474	4	13:8	13:8	NUM
ftr-323	474	5	will	will	AUX
ftr-323	474	6	result	result	VERB
ftr-323	474	7	in	in	ADP
ftr-323	474	8	a	a	DET
ftr-323	474	9	6.5	6.5	NUM
ftr-323	474	10	percent	percent	NOUN
ftr-323	474	11	rate	rate	NOUN
ftr-323	474	12	of	of	ADP
ftr-323	474	13	return.75	return.75	ADJ
ftr-323	474	14	u.s	u.s	PROPN
ftr-323	474	15	.	.	PROPN
ftr-323	474	16	corporations	corporation	NOUN
ftr-323	474	17	that	that	PRON
ftr-323	474	18	do	do	VERB
ftr-323	474	19	so	so	ADV
ftr-323	474	20	are	be	AUX
ftr-323	474	21	said	say	VERB
ftr-323	474	22	to	to	PART
ftr-323	474	23	bear	bear	VERB
ftr-323	474	24	a	a	DET
ftr-323	474	25	35	35	NUM
ftr-323	474	26	percent	percent	NOUN
ftr-323	474	27	implicit	implicit	ADJ
ftr-323	474	28	tax76	tax76	PROPN
ftr-323	474	29	because	because	SCONJ
ftr-323	474	30	their	their	PRON
ftr-323	474	31	6.5	6.5	NUM
ftr-323	474	32	percent	percent	NOUN
ftr-323	474	33	rate	rate	NOUN
ftr-323	474	34	of	of	ADP
ftr-323	474	35	return	return	NOUN
ftr-323	474	36	in	in	ADP
ftr-323	474	37	lowtaxia	lowtaxia	PROPN
ftr-323	474	38	is	be	AUX
ftr-323	474	39	35	35	NUM
ftr-323	474	40	percent	percent	NOUN
ftr-323	474	41	less	less	ADJ
ftr-323	474	42	than	than	ADP
ftr-323	474	43	the	the	DET
ftr-323	474	44	10	10	NUM
ftr-323	474	45	percent	percent	NOUN
ftr-323	474	46	pre	pre	ADJ
ftr-323	474	47	-	-	ADJ
ftr-323	474	48	tax	tax	ADJ
ftr-323	474	49	rate	rate	NOUN
ftr-323	474	50	of	of	ADP
ftr-323	474	51	return	return	NOUN
ftr-323	474	52	available	available	ADJ
ftr-323	474	53	in	in	ADP
ftr-323	474	54	the	the	DET
ftr-323	474	55	united	united	ADJ
ftr-323	474	56	states.77	states.77	NOUN
ftr-323	474	57	these	these	DET
ftr-323	474	58	u.s	u.s	PROPN
ftr-323	474	59	.	.	PROPN
ftr-323	474	60	corporations	corporation	NOUN
ftr-323	474	61	are	be	AUX
ftr-323	474	62	then	then	ADV
ftr-323	474	63	regarded	regard	VERB
ftr-323	474	64	as	as	ADP
ftr-323	474	65	bearing	bear	VERB
ftr-323	474	66	the	the	DET
ftr-323	474	67	same	same	ADJ
ftr-323	474	68	rate	rate	NOUN
ftr-323	474	69	of	of	ADP
ftr-323	474	70	tax	tax	NOUN
ftr-323	474	71	,	,	PUNCT
ftr-323	474	72	35	35	NUM
ftr-323	474	73	percent	percent	NOUN
ftr-323	474	74	,	,	PUNCT
ftr-323	474	75	on	on	ADP
ftr-323	474	76	their	their	PRON
ftr-323	474	77	lowtaxia	lowtaxia	ADJ
ftr-323	474	78	investments	investment	NOUN
ftr-323	474	79	as	as	ADP
ftr-323	474	80	on	on	ADP
ftr-323	474	81	their	their	PRON
ftr-323	474	82	u.s	u.s	PROPN
ftr-323	474	83	.	.	PROPN
ftr-323	474	84	investments.78	investments.78	PROPN
ftr-323	474	85	does	do	AUX
ftr-323	474	86	this	this	PRON
ftr-323	474	87	suggest	suggest	VERB
ftr-323	474	88	that	that	SCONJ
ftr-323	474	89	the	the	DET
ftr-323	474	90	dividends	dividend	NOUN
ftr-323	474	91	fs	fs	X
ftr-323	474	92	pays	pay	NOUN
ftr-323	474	93	to	to	ADP
ftr-323	474	94	usco	usco	PROPN
ftr-323	474	95	should	should	AUX
ftr-323	474	96	be	be	AUX
ftr-323	474	97	regarded	regard	VERB
ftr-323	474	98	as	as	ADP
ftr-323	474	99	having	having	AUX
ftr-323	474	100	come	come	VERB
ftr-323	474	101	from	from	ADP
ftr-323	474	102	income	income	NOUN
ftr-323	474	103	that	that	PRON
ftr-323	474	104	bore	bear	VERB
ftr-323	474	105	a	a	DET
ftr-323	474	106	35	35	NUM
ftr-323	474	107	percent	percent	NOUN
ftr-323	474	108	foreign	foreign	ADJ
ftr-323	474	109	tax	tax	NOUN
ftr-323	474	110	,	,	PUNCT
ftr-323	474	111	a	a	DET
ftr-323	474	112	level	level	NOUN
ftr-323	474	113	of	of	ADP
ftr-323	474	114	taxation	taxation	NOUN
ftr-323	474	115	that	that	PRON
ftr-323	474	116	is	be	AUX
ftr-323	474	117	surely	surely	ADV
ftr-323	474	118	sufficient	sufficient	ADJ
ftr-323	474	119	to	to	PART
ftr-323	474	120	satisfy	satisfy	VERB
ftr-323	474	121	the	the	DET
ftr-323	474	122	demands	demand	NOUN
ftr-323	474	123	of	of	ADP
ftr-323	474	124	any	any	DET
ftr-323	474	125	subject	subject	NOUN
ftr-323	474	126	-	-	PUNCT
ftr-323	474	127	to	to	ADP
ftr-323	474	128	-	-	PUNCT
ftr-323	474	129	tax	tax	NOUN
ftr-323	474	130	requirement	requirement	NOUN
ftr-323	474	131	?	?	PUNCT
ftr-323	475	1	stated	state	VERB
ftr-323	475	2	more	more	ADV
ftr-323	475	3	broadly	broadly	ADV
ftr-323	475	4	,	,	PUNCT
ftr-323	475	5	if	if	SCONJ
ftr-323	475	6	the	the	DET
ftr-323	475	7	explicit	explicit	ADJ
ftr-323	475	8	source	source	NOUN
ftr-323	475	9	tax	tax	NOUN
ftr-323	475	10	on	on	ADP
ftr-323	475	11	foreign	foreign	ADJ
ftr-323	475	12	income	income	NOUN
ftr-323	475	13	and	and	CCONJ
ftr-323	475	14	the	the	DET
ftr-323	475	15	implicit	implicit	ADJ
ftr-323	475	16	tax	tax	NOUN
ftr-323	475	17	on	on	ADP
ftr-323	475	18	that	that	DET
ftr-323	475	19	income	income	NOUN
ftr-323	475	20	sum	sum	NOUN
ftr-323	475	21	up	up	ADP
ftr-323	475	22	to	to	ADP
ftr-323	475	23	a	a	DET
ftr-323	475	24	meaningful	meaningful	ADJ
ftr-323	475	25	levy	levy	NOUN
ftr-323	475	26	,	,	PUNCT
ftr-323	475	27	does	do	AUX
ftr-323	475	28	the	the	DET
ftr-323	475	29	implicit	implicit	ADJ
ftr-323	475	30	tax	tax	NOUN
ftr-323	475	31	concept	concept	NOUN
ftr-323	475	32	obviate	obviate	VERB
ftr-323	475	33	the	the	DET
ftr-323	475	34	need	need	NOUN
ftr-323	475	35	for	for	ADP
ftr-323	475	36	including	include	VERB
ftr-323	475	37	a	a	DET
ftr-323	475	38	subject	subject	NOUN
ftr-323	475	39	-	-	PUNCT
ftr-323	475	40	to	to	ADP
ftr-323	475	41	-	-	PUNCT
ftr-323	475	42	tax	tax	NOUN
ftr-323	475	43	requirement	requirement	NOUN
ftr-323	475	44	in	in	ADP
ftr-323	475	45	a	a	DET
ftr-323	475	46	u.s	u.s	PROPN
ftr-323	475	47	.	.	PROPN
ftr-323	475	48	exemption	exemption	NOUN
ftr-323	475	49	system	system	NOUN
ftr-323	475	50	?	?	PUNCT
ftr-323	476	1	with	with	ADP
ftr-323	476	2	respect	respect	NOUN
ftr-323	476	3	to	to	ADP
ftr-323	476	4	this	this	DET
ftr-323	476	5	inquiry	inquiry	NOUN
ftr-323	476	6	,	,	PUNCT
ftr-323	476	7	professor	professor	NOUN
ftr-323	476	8	kleinbard	kleinbard	NOUN
ftr-323	476	9	has	have	AUX
ftr-323	476	10	pointed	point	VERB
ftr-323	476	11	out	out	ADP
ftr-323	476	12	,	,	PUNCT
ftr-323	476	13	“	"	PUNCT
ftr-323	476	14	implicit	implicit	ADJ
ftr-323	476	15	taxes	taxis	NOUN
ftr-323	476	16	are	be	AUX
ftr-323	476	17	not	not	PART
ftr-323	476	18	collected	collect	VERB
ftr-323	476	19	by	by	ADP
ftr-323	476	20	a	a	DET
ftr-323	476	21	government	government	NOUN
ftr-323	476	22	,	,	PUNCT
ftr-323	476	23	but	but	CCONJ
ftr-323	476	24	instead	instead	ADV
ftr-323	476	25	are	be	AUX
ftr-323	476	26	reflected	reflect	VERB
ftr-323	476	27	in	in	ADP
ftr-323	476	28	an	an	DET
ftr-323	476	29	investor	investor	NOUN
ftr-323	476	30	’s	’s	PART
ftr-323	476	31	yield	yield	NOUN
ftr-323	476	32	.	.	PUNCT
ftr-323	477	1	”79	”79	VERB
ftr-323	477	2	in	in	ADP
ftr-323	477	3	addition	addition	NOUN
ftr-323	477	4	,	,	PUNCT
ftr-323	477	5	professor	professor	NOUN
ftr-323	477	6	weisbach	weisbach	NOUN
ftr-323	477	7	has	have	AUX
ftr-323	477	8	observed	observe	VERB
ftr-323	477	9	that	that	SCONJ
ftr-323	477	10	“	"	PUNCT
ftr-323	477	11	[	[	X
ftr-323	477	12	i]mplicit	i]mplicit	ADJ
ftr-323	477	13	taxes	taxis	NOUN
ftr-323	477	14	are	be	AUX
ftr-323	477	15	misnamed	misname	VERB
ftr-323	477	16	.	.	PUNCT
ftr-323	478	1	implicit	implicit	ADJ
ftr-323	478	2	taxes	taxis	NOUN
ftr-323	478	3	are	be	AUX
ftr-323	478	4	not	not	PART
ftr-323	478	5	taxes	taxis	NOUN
ftr-323	478	6	in	in	ADP
ftr-323	478	7	the	the	DET
ftr-323	478	8	sense	sense	NOUN
ftr-323	478	9	of	of	ADP
ftr-323	478	10	the	the	DET
ftr-323	478	11	confiscation	confiscation	NOUN
ftr-323	478	12	of	of	ADP
ftr-323	478	13	resources	resource	NOUN
ftr-323	478	14	by	by	ADP
ftr-323	478	15	the	the	DET
ftr-323	478	16	government	government	NOUN
ftr-323	478	17	.	.	PUNCT
ftr-323	479	1	they	they	PRON
ftr-323	479	2	are	be	AUX
ftr-323	479	3	simply	simply	ADV
ftr-323	479	4	asset	asset	NOUN
ftr-323	479	5	price	price	NOUN
ftr-323	479	6	adjustments	adjustment	NOUN
ftr-323	479	7	in	in	ADP
ftr-323	479	8	response	response	NOUN
ftr-323	479	9	to	to	ADP
ftr-323	479	10	a	a	DET
ftr-323	479	11	tax	tax	NOUN
ftr-323	479	12	benefit	benefit	NOUN
ftr-323	479	13	or	or	CCONJ
ftr-323	479	14	detriment	detriment	NOUN
ftr-323	479	15	.	.	PUNCT
ftr-323	480	1	”80	”80	NOUN
ftr-323	480	2	it	it	PRON
ftr-323	480	3	may	may	AUX
ftr-323	480	4	be	be	AUX
ftr-323	480	5	that	that	SCONJ
ftr-323	480	6	the	the	DET
ftr-323	480	7	term	term	NOUN
ftr-323	480	8	“	"	PUNCT
ftr-323	480	9	implicit	implicit	ADJ
ftr-323	480	10	tax	tax	NOUN
ftr-323	480	11	”	"	PUNCT
ftr-323	480	12	has	have	VERB
ftr-323	480	13	rhetorical	rhetorical	ADJ
ftr-323	480	14	utility	utility	NOUN
ftr-323	480	15	in	in	ADP
ftr-323	480	16	some	some	DET
ftr-323	480	17	settings	setting	NOUN
ftr-323	480	18	.	.	PUNCT
ftr-323	481	1	in	in	ADP
ftr-323	481	2	the	the	DET
ftr-323	481	3	context	context	NOUN
ftr-323	481	4	of	of	ADP
ftr-323	481	5	the	the	DET
ftr-323	481	6	usco	usco	PROPN
ftr-323	481	7	hypothetical	hypothetical	ADJ
ftr-323	481	8	,	,	PUNCT
ftr-323	481	9	however	however	ADV
ftr-323	481	10	,	,	PUNCT
ftr-323	481	11	professors	professor	NOUN
ftr-323	481	12	kleinbard	kleinbard	VERB
ftr-323	481	13	and	and	CCONJ
ftr-323	481	14	weisbach	weisbach	NOUN
ftr-323	481	15	remind	remind	VERB
ftr-323	481	16	us	we	PRON
ftr-323	481	17	that	that	SCONJ
ftr-323	481	18	although	although	SCONJ
ftr-323	481	19	usco	usco	PROPN
ftr-323	481	20	suffered	suffer	VERB
ftr-323	481	21	an	an	DET
ftr-323	481	22	implicit	implicit	ADJ
ftr-323	481	23	tax	tax	NOUN
ftr-323	481	24	,	,	PUNCT
ftr-323	481	25	it	it	PRON
ftr-323	481	26	did	do	AUX
ftr-323	481	27	not	not	PART
ftr-323	481	28	actually	actually	ADV
ftr-323	481	29	pay	pay	VERB
ftr-323	481	30	any	any	DET
ftr-323	481	31	tax	tax	NOUN
ftr-323	481	32	to	to	ADP
ftr-323	481	33	lowtaxia	lowtaxia	NOUN
ftr-323	481	34	.	.	PUNCT
ftr-323	482	1	instead	instead	ADV
ftr-323	482	2	,	,	PUNCT
ftr-323	482	3	usco	usco	PROPN
ftr-323	482	4	paid	pay	VERB
ftr-323	482	5	a	a	DET
ftr-323	482	6	price	price	NOUN
ftr-323	482	7	for	for	ADP
ftr-323	482	8	a	a	DET
ftr-323	482	9	lowtaxia	lowtaxia	ADJ
ftr-323	482	10	investment	investment	NOUN
ftr-323	482	11	that	that	PRON
ftr-323	482	12	was	be	AUX
ftr-323	482	13	higher	high	ADJ
ftr-323	482	14	than	than	ADP
ftr-323	482	15	otherwise	otherwise	ADV
ftr-323	482	16	because	because	SCONJ
ftr-323	482	17	of	of	ADP
ftr-323	482	18	applicable	applicable	ADJ
ftr-323	482	19	u.s	u.s	PROPN
ftr-323	482	20	.	.	PROPN
ftr-323	482	21	and	and	CCONJ
ftr-323	482	22	lowtaxia	lowtaxia	ADJ
ftr-323	482	23	tax	tax	NOUN
ftr-323	482	24	exemptions	exemption	NOUN
ftr-323	482	25	.	.	PUNCT
ftr-323	483	1	consequently	consequently	ADV
ftr-323	483	2	,	,	PUNCT
ftr-323	483	3	usco	usco	PROPN
ftr-323	483	4	experienced	experience	VERB
ftr-323	483	5	a	a	DET
ftr-323	483	6	lower	low	ADJ
ftr-323	483	7	pre	pre	ADJ
ftr-323	483	8	-	-	ADJ
ftr-323	483	9	tax	tax	ADJ
ftr-323	483	10	rate	rate	NOUN
ftr-323	483	11	of	of	ADP
ftr-323	483	12	return	return	NOUN
ftr-323	483	13	than	than	SCONJ
ftr-323	483	14	if	if	SCONJ
ftr-323	483	15	it	it	PRON
ftr-323	483	16	had	have	AUX
ftr-323	483	17	made	make	VERB
ftr-323	483	18	a	a	DET
ftr-323	483	19	taxable	taxable	ADJ
ftr-323	483	20	investment	investment	NOUN
ftr-323	483	21	in	in	ADP
ftr-323	483	22	the	the	DET
ftr-323	483	23	united	united	PROPN
ftr-323	483	24	states	states	PROPN
ftr-323	483	25	.	.	PUNCT
ftr-323	484	1	but	but	CCONJ
ftr-323	484	2	earning	earn	VERB
ftr-323	484	3	less	less	ADJ
ftr-323	484	4	is	be	AUX
ftr-323	484	5	not	not	PART
ftr-323	484	6	the	the	DET
ftr-323	484	7	same	same	ADJ
ftr-323	484	8	as	as	ADP
ftr-323	484	9	paying	pay	VERB
ftr-323	484	10	a	a	DET
ftr-323	484	11	meaningful	meaningful	ADJ
ftr-323	484	12	tax	tax	NOUN
ftr-323	484	13	to	to	ADP
ftr-323	484	14	both	both	DET
ftr-323	484	15	a	a	DET
ftr-323	484	16	residence	residence	NOUN
ftr-323	484	17	country	country	NOUN
ftr-323	484	18	and	and	CCONJ
ftr-323	484	19	a	a	DET
ftr-323	484	20	source	source	NOUN
ftr-323	484	21	country	country	NOUN
ftr-323	484	22	on	on	ADP
ftr-323	484	23	the	the	DET
ftr-323	484	24	same	same	ADJ
ftr-323	484	25	income	income	NOUN
ftr-323	484	26	,	,	PUNCT
ftr-323	484	27	thereby	thereby	ADV
ftr-323	484	28	triggering	trigger	VERB
ftr-323	484	29	the	the	DET
ftr-323	484	30	residence	residence	NOUN
ftr-323	484	31	country	country	NOUN
ftr-323	484	32	’s	’s	PART
ftr-323	484	33	international	international	ADJ
ftr-323	484	34	law	law	NOUN
ftr-323	484	35	obligation	obligation	NOUN
ftr-323	484	36	to	to	PART
ftr-323	484	37	provide	provide	VERB
ftr-323	484	38	double	double	ADJ
ftr-323	484	39	taxation	taxation	NOUN
ftr-323	484	40	relief	relief	NOUN
ftr-323	484	41	.	.	PUNCT
ftr-323	485	1	75	75	NUM
ftr-323	485	2	.	.	PUNCT
ftr-323	486	1	see	see	VERB
ftr-323	486	2	kleinbard	kleinbard	ADJ
ftr-323	486	3	,	,	PUNCT
ftr-323	486	4	lessons	lesson	NOUN
ftr-323	486	5	,	,	PUNCT
ftr-323	486	6	supra	supra	PROPN
ftr-323	486	7	note	note	NOUN
ftr-323	486	8	3	3	NUM
ftr-323	486	9	,	,	PUNCT
ftr-323	486	10	at	at	ADP
ftr-323	486	11	118	118	NUM
ftr-323	486	12	.	.	PUNCT
ftr-323	487	1	76	76	NUM
ftr-323	487	2	.	.	PUNCT
ftr-323	488	1	for	for	ADP
ftr-323	488	2	general	general	ADJ
ftr-323	488	3	explanations	explanation	NOUN
ftr-323	488	4	of	of	ADP
ftr-323	488	5	the	the	DET
ftr-323	488	6	implicit	implicit	ADJ
ftr-323	488	7	tax	tax	NOUN
ftr-323	488	8	concept	concept	NOUN
ftr-323	488	9	,	,	PUNCT
ftr-323	488	10	see	see	VERB
ftr-323	488	11	myron	myron	PROPN
ftr-323	488	12	s.	s.	PROPN
ftr-323	488	13	scholes	scholes	PROPN
ftr-323	488	14	,	,	PUNCT
ftr-323	488	15	mark	mark	PROPN
ftr-323	488	16	a.	a.	PROPN
ftr-323	488	17	wolfson	wolfson	PROPN
ftr-323	488	18	,	,	PUNCT
ftr-323	488	19	merle	merle	PROPN
ftr-323	488	20	erickson	erickson	PROPN
ftr-323	488	21	,	,	PUNCT
ftr-323	488	22	edward	edward	PROPN
ftr-323	488	23	l.	l.	PROPN
ftr-323	488	24	maydew	maydew	PROPN
ftr-323	488	25	&	&	CCONJ
ftr-323	488	26	terry	terry	PROPN
ftr-323	488	27	shevlin	shevlin	PROPN
ftr-323	488	28	,	,	PUNCT
ftr-323	488	29	taxes	taxis	NOUN
ftr-323	488	30	and	and	CCONJ
ftr-323	488	31	business	business	NOUN
ftr-323	488	32	strategy	strategy	NOUN
ftr-323	488	33	:	:	PUNCT
ftr-323	488	34	a	a	DET
ftr-323	488	35	planning	planning	NOUN
ftr-323	488	36	approach	approach	NOUN
ftr-323	488	37	121–22	121–22	NUM
ftr-323	488	38	,	,	PUNCT
ftr-323	488	39	125	125	NUM
ftr-323	488	40	–	–	PUNCT
ftr-323	488	41	27	27	NUM
ftr-323	488	42	(	(	PUNCT
ftr-323	488	43	3d	3d	NUM
ftr-323	488	44	ed	ed	NOUN
ftr-323	488	45	.	.	PROPN
ftr-323	488	46	2005	2005	NUM
ftr-323	488	47	)	)	PUNCT
ftr-323	488	48	;	;	PUNCT
ftr-323	488	49	harry	harry	PROPN
ftr-323	488	50	watson	watson	PROPN
ftr-323	488	51	,	,	PUNCT
ftr-323	488	52	implicit	implicit	ADJ
ftr-323	488	53	taxes	taxis	NOUN
ftr-323	488	54	,	,	PUNCT
ftr-323	488	55	in	in	ADP
ftr-323	488	56	the	the	DET
ftr-323	488	57	encyclopedia	encyclopedia	NOUN
ftr-323	488	58	of	of	ADP
ftr-323	488	59	taxation	taxation	NOUN
ftr-323	488	60	and	and	CCONJ
ftr-323	488	61	tax	tax	NOUN
ftr-323	488	62	policy	policy	NOUN
ftr-323	488	63	185	185	NUM
ftr-323	488	64	(	(	PUNCT
ftr-323	488	65	joseph	joseph	PROPN
ftr-323	488	66	j.	j.	PROPN
ftr-323	488	67	cordes	cordes	PROPN
ftr-323	488	68	,	,	PUNCT
ftr-323	488	69	robert	robert	PROPN
ftr-323	488	70	d.	d.	PROPN
ftr-323	488	71	ebel	ebel	PROPN
ftr-323	488	72	&	&	CCONJ
ftr-323	488	73	jane	jane	PROPN
ftr-323	488	74	g.	g.	PROPN
ftr-323	488	75	gravelle	gravelle	PROPN
ftr-323	488	76	eds	eds	PROPN
ftr-323	488	77	.	.	PROPN
ftr-323	488	78	,	,	PUNCT
ftr-323	488	79	2d	2d	PROPN
ftr-323	488	80	ed	ed	NOUN
ftr-323	488	81	.	.	PROPN
ftr-323	488	82	2005	2005	NUM
ftr-323	488	83	)	)	PUNCT
ftr-323	488	84	.	.	PUNCT
ftr-323	489	1	77	77	NUM
ftr-323	489	2	.	.	X
ftr-323	490	1	6.5	6.5	NUM
ftr-323	490	2	percent	percent	NOUN
ftr-323	490	3	=	=	SYM
ftr-323	490	4	10	10	NUM
ftr-323	490	5	percent	percent	NOUN
ftr-323	490	6	–	–	PUNCT
ftr-323	490	7	(	(	PUNCT
ftr-323	490	8	10	10	NUM
ftr-323	490	9	percent	percent	NOUN
ftr-323	490	10	×	×	NOUN
ftr-323	490	11	35	35	NUM
ftr-323	490	12	percent	percent	NOUN
ftr-323	490	13	)	)	PUNCT
ftr-323	490	14	.	.	PUNCT
ftr-323	491	1	78	78	NUM
ftr-323	491	2	.	.	PUNCT
ftr-323	492	1	see	see	VERB
ftr-323	492	2	joel	joel	PROPN
ftr-323	492	3	slemrod	slemrod	PROPN
ftr-323	492	4	&	&	CCONJ
ftr-323	492	5	jon	jon	PROPN
ftr-323	492	6	bakija	bakija	PROPN
ftr-323	492	7	,	,	PUNCT
ftr-323	492	8	taxing	tax	VERB
ftr-323	492	9	ourselves	ourselves	PRON
ftr-323	492	10	78	78	NUM
ftr-323	492	11	(	(	PUNCT
ftr-323	492	12	4th	4th	ADJ
ftr-323	492	13	ed	ed	NOUN
ftr-323	492	14	.	.	PROPN
ftr-323	492	15	2008	2008	NUM
ftr-323	492	16	)	)	PUNCT
ftr-323	492	17	.	.	PUNCT
ftr-323	493	1	professor	professor	NOUN
ftr-323	493	2	kelinbard	kelinbard	PROPN
ftr-323	493	3	has	have	AUX
ftr-323	493	4	recently	recently	ADV
ftr-323	493	5	provided	provide	VERB
ftr-323	493	6	a	a	DET
ftr-323	493	7	thorough	thorough	ADJ
ftr-323	493	8	analysis	analysis	NOUN
ftr-323	493	9	of	of	ADP
ftr-323	493	10	why	why	SCONJ
ftr-323	493	11	this	this	DET
ftr-323	493	12	full	full	ADJ
ftr-323	493	13	35	35	NUM
ftr-323	493	14	percent	percent	NOUN
ftr-323	493	15	implicit	implicit	ADJ
ftr-323	493	16	tax	tax	NOUN
ftr-323	493	17	would	would	AUX
ftr-323	493	18	be	be	AUX
ftr-323	493	19	unlikely	unlikely	ADJ
ftr-323	493	20	to	to	PART
ftr-323	493	21	occur	occur	VERB
ftr-323	493	22	in	in	ADP
ftr-323	493	23	the	the	DET
ftr-323	493	24	real	real	ADJ
ftr-323	493	25	world	world	NOUN
ftr-323	493	26	.	.	PUNCT
ftr-323	494	1	see	see	VERB
ftr-323	494	2	kleinbard	kleinbard	ADJ
ftr-323	494	3	,	,	PUNCT
ftr-323	494	4	lessons	lesson	NOUN
ftr-323	494	5	,	,	PUNCT
ftr-323	494	6	supra	supra	PROPN
ftr-323	494	7	note	note	NOUN
ftr-323	494	8	3	3	NUM
ftr-323	494	9	,	,	PUNCT
ftr-323	494	10	at	at	ADP
ftr-323	494	11	118–29	118–29	NUM
ftr-323	494	12	.	.	PUNCT
ftr-323	495	1	79	79	NUM
ftr-323	495	2	.	.	PUNCT
ftr-323	496	1	kleinbard	kleinbard	ADJ
ftr-323	496	2	,	,	PUNCT
ftr-323	496	3	lessons	lesson	NOUN
ftr-323	496	4	,	,	PUNCT
ftr-323	496	5	supra	supra	PROPN
ftr-323	496	6	note	note	NOUN
ftr-323	496	7	3	3	NUM
ftr-323	496	8	,	,	PUNCT
ftr-323	496	9	at	at	ADP
ftr-323	496	10	118	118	NUM
ftr-323	496	11	.	.	PUNCT
ftr-323	496	12	80	80	NUM
ftr-323	496	13	.	.	PUNCT
ftr-323	497	1	david	david	PROPN
ftr-323	497	2	a.	a.	PROPN
ftr-323	497	3	weisbach	weisbach	PROPN
ftr-323	497	4	,	,	PUNCT
ftr-323	497	5	implications	implication	NOUN
ftr-323	497	6	of	of	ADP
ftr-323	497	7	implicit	implicit	ADJ
ftr-323	497	8	taxes	taxis	NOUN
ftr-323	497	9	,	,	PUNCT
ftr-323	497	10	52	52	NUM
ftr-323	497	11	smu	smu	PROPN
ftr-323	497	12	l.	l.	PROPN
ftr-323	497	13	rev	rev	PROPN
ftr-323	497	14	.	.	PROPN
ftr-323	497	15	373	373	NUM
ftr-323	497	16	,	,	PUNCT
ftr-323	497	17	374	374	NUM
ftr-323	497	18	(	(	PUNCT
ftr-323	497	19	1999	1999	NUM
ftr-323	497	20	)	)	PUNCT
ftr-323	497	21	.	.	PUNCT
ftr-323	498	1	2012	2012	NUM
ftr-323	498	2	]	]	PUNCT
ftr-323	498	3	exemption	exemption	NOUN
ftr-323	498	4	when	when	SCONJ
ftr-323	498	5	the	the	DET
ftr-323	498	6	treasury	treasury	NOUN
ftr-323	498	7	is	be	AUX
ftr-323	498	8	empty	empty	ADJ
ftr-323	498	9	423	423	NUM
ftr-323	498	10	in	in	ADP
ftr-323	498	11	the	the	DET
ftr-323	498	12	context	context	NOUN
ftr-323	498	13	of	of	ADP
ftr-323	498	14	designing	design	VERB
ftr-323	498	15	a	a	DET
ftr-323	498	16	u.s	u.s	PROPN
ftr-323	498	17	.	.	PROPN
ftr-323	498	18	exemption	exemption	NOUN
ftr-323	498	19	system,81	system,81	NOUN
ftr-323	498	20	this	this	PRON
ftr-323	498	21	means	mean	VERB
ftr-323	498	22	that	that	SCONJ
ftr-323	498	23	we	we	PRON
ftr-323	498	24	must	must	AUX
ftr-323	498	25	recognize	recognize	VERB
ftr-323	498	26	that	that	SCONJ
ftr-323	498	27	the	the	DET
ftr-323	498	28	purpose	purpose	NOUN
ftr-323	498	29	of	of	ADP
ftr-323	498	30	such	such	DET
ftr-323	498	31	a	a	DET
ftr-323	498	32	system	system	NOUN
ftr-323	498	33	is	be	AUX
ftr-323	498	34	to	to	PART
ftr-323	498	35	mitigate	mitigate	VERB
ftr-323	498	36	international	international	ADJ
ftr-323	498	37	double	double	ADJ
ftr-323	498	38	taxation	taxation	NOUN
ftr-323	498	39	levied	levy	VERB
ftr-323	498	40	by	by	ADP
ftr-323	498	41	governments.82	governments.82	PROPN
ftr-323	498	42	the	the	DET
ftr-323	498	43	purpose	purpose	NOUN
ftr-323	498	44	is	be	AUX
ftr-323	498	45	not	not	PART
ftr-323	498	46	to	to	PART
ftr-323	498	47	rescue	rescue	VERB
ftr-323	498	48	u.s	u.s	PROPN
ftr-323	498	49	.	.	PROPN
ftr-323	498	50	corporations	corporation	NOUN
ftr-323	498	51	from	from	ADP
ftr-323	498	52	low	low	ADJ
ftr-323	498	53	pre	pre	ADJ
ftr-323	498	54	-	-	ADJ
ftr-323	498	55	tax	tax	ADJ
ftr-323	498	56	rates	rate	NOUN
ftr-323	498	57	of	of	ADP
ftr-323	498	58	return	return	NOUN
ftr-323	498	59	resulting	result	VERB
ftr-323	498	60	from	from	ADP
ftr-323	498	61	having	having	AUX
ftr-323	498	62	paid	pay	VERB
ftr-323	498	63	a	a	DET
ftr-323	498	64	price	price	NOUN
ftr-323	498	65	to	to	ADP
ftr-323	498	66	a	a	DET
ftr-323	498	67	private	private	ADJ
ftr-323	498	68	party	party	NOUN
ftr-323	498	69	that	that	PRON
ftr-323	498	70	was	be	AUX
ftr-323	498	71	increased	increase	VERB
ftr-323	498	72	by	by	ADP
ftr-323	498	73	the	the	DET
ftr-323	498	74	market	market	NOUN
ftr-323	498	75	to	to	PART
ftr-323	498	76	reflect	reflect	VERB
ftr-323	498	77	tax	tax	NOUN
ftr-323	498	78	exemptions	exemption	NOUN
ftr-323	498	79	.	.	PUNCT
ftr-323	499	1	thus	thus	ADV
ftr-323	499	2	,	,	PUNCT
ftr-323	499	3	usco	usco	PROPN
ftr-323	499	4	’s	’s	PART
ftr-323	499	5	implicit	implicit	ADJ
ftr-323	499	6	tax	tax	NOUN
ftr-323	499	7	does	do	AUX
ftr-323	499	8	not	not	PART
ftr-323	499	9	create	create	VERB
ftr-323	499	10	a	a	DET
ftr-323	499	11	case	case	NOUN
ftr-323	499	12	for	for	ADP
ftr-323	499	13	double	double	ADJ
ftr-323	499	14	taxation	taxation	NOUN
ftr-323	499	15	relief	relief	NOUN
ftr-323	499	16	,	,	PUNCT
ftr-323	499	17	and	and	CCONJ
ftr-323	499	18	a	a	DET
ftr-323	499	19	u.s	u.s	PROPN
ftr-323	499	20	.	.	PROPN
ftr-323	499	21	exemption	exemption	NOUN
ftr-323	499	22	regime	regime	NOUN
ftr-323	499	23	should	should	AUX
ftr-323	499	24	not	not	PART
ftr-323	499	25	apply	apply	VERB
ftr-323	499	26	to	to	ADP
ftr-323	499	27	dividends	dividend	NOUN
ftr-323	499	28	paid	pay	VERB
ftr-323	499	29	by	by	ADP
ftr-323	499	30	fs	f	NOUN
ftr-323	499	31	out	out	ADP
ftr-323	499	32	of	of	ADP
ftr-323	499	33	lowtaxia	lowtaxia	ADJ
ftr-323	499	34	income	income	NOUN
ftr-323	499	35	.	.	PUNCT
ftr-323	500	1	a	a	DET
ftr-323	500	2	territoriality	territoriality	ADJ
ftr-323	500	3	proponent	proponent	ADJ
ftr-323	500	4	might	might	NOUN
ftr-323	500	5	,	,	PUNCT
ftr-323	500	6	however	however	ADV
ftr-323	500	7	,	,	PUNCT
ftr-323	500	8	argue	argue	VERB
ftr-323	500	9	that	that	SCONJ
ftr-323	500	10	the	the	DET
ftr-323	500	11	preceding	precede	VERB
ftr-323	500	12	analysis	analysis	NOUN
ftr-323	500	13	is	be	AUX
ftr-323	500	14	bogged	bogge	VERB
ftr-323	500	15	down	down	ADP
ftr-323	500	16	in	in	ADP
ftr-323	500	17	legal	legal	ADJ
ftr-323	500	18	formalisms	formalism	NOUN
ftr-323	500	19	and	and	CCONJ
ftr-323	500	20	that	that	SCONJ
ftr-323	500	21	the	the	DET
ftr-323	500	22	real	real	ADJ
ftr-323	500	23	purpose	purpose	NOUN
ftr-323	500	24	of	of	ADP
ftr-323	500	25	a	a	DET
ftr-323	500	26	territorial	territorial	ADJ
ftr-323	500	27	or	or	CCONJ
ftr-323	500	28	exemption	exemption	NOUN
ftr-323	500	29	system	system	NOUN
ftr-323	500	30	is	be	AUX
ftr-323	500	31	to	to	PART
ftr-323	500	32	apply	apply	VERB
ftr-323	500	33	the	the	DET
ftr-323	500	34	economic	economic	ADJ
ftr-323	500	35	theory	theory	NOUN
ftr-323	500	36	of	of	ADP
ftr-323	500	37	capital	capital	NOUN
ftr-323	500	38	import	import	NOUN
ftr-323	500	39	neutrality	neutrality	NOUN
ftr-323	500	40	(	(	PUNCT
ftr-323	500	41	cin).83	cin).83	ADV
ftr-323	500	42	that	that	DET
ftr-323	500	43	theory	theory	NOUN
ftr-323	500	44	asserts	assert	VERB
ftr-323	500	45	that	that	SCONJ
ftr-323	500	46	worldwide	worldwide	ADJ
ftr-323	500	47	economic	economic	ADJ
ftr-323	500	48	efficiency	efficiency	NOUN
ftr-323	500	49	will	will	AUX
ftr-323	500	50	be	be	AUX
ftr-323	500	51	maximized	maximize	VERB
ftr-323	500	52	if	if	SCONJ
ftr-323	500	53	countries	country	NOUN
ftr-323	500	54	refrain	refrain	VERB
ftr-323	500	55	from	from	ADP
ftr-323	500	56	taxing	tax	VERB
ftr-323	500	57	the	the	DET
ftr-323	500	58	foreignsource	foreignsource	NOUN
ftr-323	500	59	incomes	income	NOUN
ftr-323	500	60	of	of	ADP
ftr-323	500	61	their	their	PRON
ftr-323	500	62	residents	resident	NOUN
ftr-323	500	63	so	so	SCONJ
ftr-323	500	64	that	that	SCONJ
ftr-323	500	65	only	only	ADV
ftr-323	500	66	source	source	NOUN
ftr-323	500	67	-	-	PUNCT
ftr-323	500	68	country	country	NOUN
ftr-323	500	69	tax	tax	NOUN
ftr-323	500	70	applies	applie	NOUN
ftr-323	500	71	,	,	PUNCT
ftr-323	500	72	even	even	ADV
ftr-323	500	73	if	if	SCONJ
ftr-323	500	74	the	the	DET
ftr-323	500	75	source	source	NOUN
ftr-323	500	76	-	-	PUNCT
ftr-323	500	77	country	country	NOUN
ftr-323	500	78	tax	tax	NOUN
ftr-323	500	79	is	be	AUX
ftr-323	500	80	zero.84	zero.84	PROPN
ftr-323	500	81	therefore	therefore	ADV
ftr-323	500	82	,	,	PUNCT
ftr-323	500	83	so	so	ADV
ftr-323	500	84	the	the	DET
ftr-323	500	85	argument	argument	NOUN
ftr-323	500	86	goes	go	VERB
ftr-323	500	87	,	,	PUNCT
ftr-323	500	88	a	a	DET
ftr-323	500	89	territorial	territorial	ADJ
ftr-323	500	90	or	or	CCONJ
ftr-323	500	91	exemption	exemption	NOUN
ftr-323	500	92	system	system	NOUN
ftr-323	500	93	is	be	AUX
ftr-323	500	94	the	the	DET
ftr-323	500	95	optimum	optimum	ADJ
ftr-323	500	96	regime	regime	NOUN
ftr-323	500	97	because	because	SCONJ
ftr-323	500	98	sourcecountry	sourcecountry	NOUN
ftr-323	500	99	taxation	taxation	NOUN
ftr-323	500	100	is	be	AUX
ftr-323	500	101	the	the	DET
ftr-323	500	102	only	only	ADJ
ftr-323	500	103	form	form	NOUN
ftr-323	500	104	of	of	ADP
ftr-323	500	105	taxation	taxation	NOUN
ftr-323	500	106	allowed	allow	VERB
ftr-323	500	107	under	under	ADP
ftr-323	500	108	such	such	DET
ftr-323	500	109	a	a	DET
ftr-323	500	110	system.85	system.85	NOUN
ftr-323	500	111	we	we	PRON
ftr-323	500	112	agree	agree	VERB
ftr-323	500	113	that	that	SCONJ
ftr-323	500	114	territorial	territorial	ADJ
ftr-323	500	115	or	or	CCONJ
ftr-323	500	116	exemption	exemption	NOUN
ftr-323	500	117	systems	system	NOUN
ftr-323	500	118	are	be	AUX
ftr-323	500	119	often	often	ADV
ftr-323	500	120	associated	associate	VERB
ftr-323	500	121	with	with	ADP
ftr-323	500	122	cin,86	cin,86	NOUN
ftr-323	500	123	and	and	CCONJ
ftr-323	500	124	under	under	ADP
ftr-323	500	125	an	an	DET
ftr-323	500	126	extreme	extreme	ADJ
ftr-323	500	127	version	version	NOUN
ftr-323	500	128	of	of	ADP
ftr-323	500	129	cin	cin	PROPN
ftr-323	500	130	,	,	PUNCT
ftr-323	500	131	dividends	dividend	NOUN
ftr-323	500	132	received	receive	VERB
ftr-323	500	133	by	by	ADP
ftr-323	500	134	usco	usco	NOUN
ftr-323	500	135	from	from	ADP
ftr-323	500	136	fs	f	NOUN
ftr-323	500	137	should	should	AUX
ftr-323	500	138	be	be	AUX
ftr-323	500	139	exempt	exempt	ADJ
ftr-323	500	140	from	from	ADP
ftr-323	500	141	u.s	u.s	PROPN
ftr-323	500	142	.	.	PROPN
ftr-323	500	143	tax	tax	NOUN
ftr-323	500	144	even	even	ADV
ftr-323	500	145	if	if	SCONJ
ftr-323	500	146	the	the	DET
ftr-323	500	147	fs	fs	ADP
ftr-323	500	148	profits	profit	NOUN
ftr-323	500	149	that	that	PRON
ftr-323	500	150	supported	support	VERB
ftr-323	500	151	the	the	DET
ftr-323	500	152	dividends	dividend	NOUN
ftr-323	500	153	bore	bear	VERB
ftr-323	500	154	zero	zero	NUM
ftr-323	500	155	foreign	foreign	ADJ
ftr-323	500	156	tax.87	tax.87	NOUN
ftr-323	500	157	however	however	ADV
ftr-323	500	158	,	,	PUNCT
ftr-323	500	159	no	no	DET
ftr-323	500	160	major	major	ADJ
ftr-323	500	161	commercial	commercial	ADJ
ftr-323	500	162	nation	nation	NOUN
ftr-323	500	163	employs	employ	VERB
ftr-323	500	164	an	an	DET
ftr-323	500	165	exemption	exemption	NOUN
ftr-323	500	166	system	system	NOUN
ftr-323	500	167	that	that	PRON
ftr-323	500	168	adopts	adopt	VERB
ftr-323	500	169	the	the	DET
ftr-323	500	170	extreme	extreme	ADJ
ftr-323	500	171	version	version	NOUN
ftr-323	500	172	of	of	ADP
ftr-323	500	173	cin.88	cin.88	NOUN
ftr-323	500	174	they	they	PRON
ftr-323	500	175	all	all	PRON
ftr-323	500	176	recognize	recognize	VERB
ftr-323	500	177	that	that	SCONJ
ftr-323	500	178	exemption	exemption	NOUN
ftr-323	500	179	systems	system	NOUN
ftr-323	500	180	must	must	AUX
ftr-323	500	181	strike	strike	VERB
ftr-323	500	182	a	a	DET
ftr-323	500	183	balance	balance	NOUN
ftr-323	500	184	between	between	ADP
ftr-323	500	185	double	double	ADJ
ftr-323	500	186	taxation	taxation	NOUN
ftr-323	500	187	relief	relief	NOUN
ftr-323	500	188	and	and	CCONJ
ftr-323	500	189	protection	protection	NOUN
ftr-323	500	190	of	of	ADP
ftr-323	500	191	residence	residence	NOUN
ftr-323	500	192	country	country	NOUN
ftr-323	500	193	81	81	NUM
ftr-323	500	194	.	.	PUNCT
ftr-323	501	1	see	see	VERB
ftr-323	501	2	i	i	PRON
ftr-323	501	3	d.	d.	PROPN
ftr-323	501	4	at	at	ADP
ftr-323	501	5	377	377	NUM
ftr-323	501	6	(	(	PUNCT
ftr-323	501	7	“	"	PUNCT
ftr-323	501	8	[	[	X
ftr-323	501	9	w]e	w]e	NOUN
ftr-323	501	10	care	care	VERB
ftr-323	501	11	about	about	ADP
ftr-323	501	12	implicit	implicit	ADJ
ftr-323	501	13	taxes	taxis	NOUN
ftr-323	501	14	,	,	PUNCT
ftr-323	501	15	but	but	CCONJ
ftr-323	501	16	it	it	PRON
ftr-323	501	17	is	be	AUX
ftr-323	501	18	difficult	difficult	ADJ
ftr-323	501	19	to	to	PART
ftr-323	501	20	make	make	VERB
ftr-323	501	21	general	general	ADJ
ftr-323	501	22	statements	statement	NOUN
ftr-323	501	23	about	about	ADP
ftr-323	501	24	which	which	DET
ftr-323	501	25	way	way	NOUN
ftr-323	501	26	they	they	PRON
ftr-323	501	27	cut	cut	VERB
ftr-323	501	28	.	.	PUNCT
ftr-323	501	29	.	.	PUNCT
ftr-323	501	30	.	.	PUNCT
ftr-323	501	31	.	.	PUNCT
ftr-323	502	1	[	[	X
ftr-323	502	2	o]ne	o]ne	NOUN
ftr-323	502	3	must	must	AUX
ftr-323	502	4	think	think	VERB
ftr-323	502	5	about	about	ADP
ftr-323	502	6	them	they	PRON
ftr-323	502	7	in	in	ADP
ftr-323	502	8	a	a	DET
ftr-323	502	9	given	give	VERB
ftr-323	502	10	context	context	NOUN
ftr-323	502	11	,	,	PUNCT
ftr-323	502	12	but	but	CCONJ
ftr-323	502	13	each	each	DET
ftr-323	502	14	case	case	NOUN
ftr-323	502	15	will	will	AUX
ftr-323	502	16	be	be	AUX
ftr-323	502	17	different	different	ADJ
ftr-323	502	18	.	.	PUNCT
ftr-323	502	19	”	"	PUNCT
ftr-323	502	20	)	)	PUNCT
ftr-323	502	21	.	.	PUNCT
ftr-323	503	1	82	82	X
ftr-323	503	2	.	.	PUNCT
ftr-323	504	1	see	see	VERB
ftr-323	504	2	ault	ault	PROPN
ftr-323	504	3	&	&	CCONJ
ftr-323	504	4	arnold	arnold	PROPN
ftr-323	504	5	,	,	PUNCT
ftr-323	504	6	comparative	comparative	ADJ
ftr-323	504	7	taxation	taxation	NOUN
ftr-323	504	8	,	,	PUNCT
ftr-323	504	9	supra	supra	PROPN
ftr-323	504	10	note	note	VERB
ftr-323	504	11	50	50	NUM
ftr-323	504	12	,	,	PUNCT
ftr-323	504	13	at	at	ADP
ftr-323	504	14	446	446	NUM
ftr-323	504	15	–	–	PUNCT
ftr-323	504	16	47	47	NUM
ftr-323	504	17	;	;	PUNCT
ftr-323	504	18	lokken	lokken	PROPN
ftr-323	504	19	&	&	CCONJ
ftr-323	504	20	kitamura	kitamura	PROPN
ftr-323	504	21	,	,	PUNCT
ftr-323	504	22	credit	credit	NOUN
ftr-323	504	23	vs.	vs.	ADP
ftr-323	504	24	exemption	exemption	NOUN
ftr-323	504	25	,	,	PUNCT
ftr-323	504	26	supra	supra	PROPN
ftr-323	504	27	note	note	NOUN
ftr-323	504	28	1	1	NUM
ftr-323	504	29	,	,	PUNCT
ftr-323	504	30	at	at	ADP
ftr-323	504	31	646	646	NUM
ftr-323	504	32	.	.	PUNCT
ftr-323	504	33	83	83	NUM
ftr-323	504	34	.	.	PUNCT
ftr-323	505	1	for	for	ADP
ftr-323	505	2	an	an	DET
ftr-323	505	3	explanation	explanation	NOUN
ftr-323	505	4	of	of	ADP
ftr-323	505	5	cin	cin	PROPN
ftr-323	505	6	,	,	PUNCT
ftr-323	505	7	see	see	VERB
ftr-323	505	8	gustafson	gustafson	PROPN
ftr-323	505	9	,	,	PUNCT
ftr-323	505	10	peroni	peroni	PROPN
ftr-323	505	11	&	&	CCONJ
ftr-323	505	12	pugh	pugh	PROPN
ftr-323	505	13	,	,	PUNCT
ftr-323	505	14	taxation	taxation	NOUN
ftr-323	505	15	of	of	ADP
ftr-323	505	16	international	international	ADJ
ftr-323	505	17	transactions	transaction	NOUN
ftr-323	505	18	,	,	PUNCT
ftr-323	505	19	supra	supra	PROPN
ftr-323	505	20	note	note	NOUN
ftr-323	505	21	10	10	NUM
ftr-323	505	22	,	,	PUNCT
ftr-323	505	23	at	at	ADP
ftr-323	505	24	21	21	NUM
ftr-323	505	25	.	.	PUNCT
ftr-323	505	26	84	84	NUM
ftr-323	505	27	.	.	PUNCT
ftr-323	506	1	see	see	VERB
ftr-323	506	2	staff	staff	NOUN
ftr-323	506	3	of	of	ADP
ftr-323	506	4	joint	joint	ADJ
ftr-323	506	5	comm	comm	NOUN
ftr-323	506	6	.	.	PUNCT
ftr-323	507	1	,	,	PUNCT
ftr-323	507	2	impact	impact	NOUN
ftr-323	507	3	of	of	ADP
ftr-323	507	4	international	international	ADJ
ftr-323	507	5	tax	tax	NOUN
ftr-323	507	6	reform	reform	NOUN
ftr-323	507	7	,	,	PUNCT
ftr-323	507	8	supra	supra	PROPN
ftr-323	507	9	note	note	PROPN
ftr-323	507	10	17	17	NUM
ftr-323	507	11	,	,	PUNCT
ftr-323	507	12	at	at	ADP
ftr-323	507	13	2	2	NUM
ftr-323	507	14	,	,	PUNCT
ftr-323	507	15	5	5	NUM
ftr-323	507	16	,	,	PUNCT
ftr-323	507	17	57–59	57–59	NUM
ftr-323	507	18	;	;	PUNCT
ftr-323	507	19	u.s	u.s	PROPN
ftr-323	507	20	.	.	PROPN
ftr-323	507	21	treas	treas	PROPN
ftr-323	507	22	.	.	PUNCT
ftr-323	508	1	dep’t	dep’t	PROPN
ftr-323	508	2	,	,	PUNCT
ftr-323	508	3	interim	interim	PROPN
ftr-323	508	4	rep	rep	PROPN
ftr-323	508	5	.	.	PROPN
ftr-323	508	6	,	,	PUNCT
ftr-323	508	7	supra	supra	PROPN
ftr-323	508	8	note	note	VERB
ftr-323	508	9	50	50	NUM
ftr-323	508	10	,	,	PUNCT
ftr-323	508	11	at	at	ADP
ftr-323	508	12	41–42	41–42	PROPN
ftr-323	508	13	.	.	PROPN
ftr-323	508	14	85	85	NUM
ftr-323	508	15	.	.	PUNCT
ftr-323	509	1	see	see	VERB
ftr-323	509	2	staff	staff	NOUN
ftr-323	509	3	of	of	ADP
ftr-323	509	4	joint	joint	ADJ
ftr-323	509	5	comm	comm	NOUN
ftr-323	509	6	.	.	PUNCT
ftr-323	510	1	,	,	PUNCT
ftr-323	510	2	impact	impact	NOUN
ftr-323	510	3	of	of	ADP
ftr-323	510	4	international	international	ADJ
ftr-323	510	5	tax	tax	NOUN
ftr-323	510	6	reform	reform	NOUN
ftr-323	510	7	,	,	PUNCT
ftr-323	510	8	supra	supra	PROPN
ftr-323	510	9	note	note	PROPN
ftr-323	510	10	17	17	NUM
ftr-323	510	11	,	,	PUNCT
ftr-323	510	12	at	at	ADP
ftr-323	510	13	5	5	NUM
ftr-323	510	14	.	.	SYM
ftr-323	510	15	86	86	NUM
ftr-323	510	16	.	.	PUNCT
ftr-323	511	1	see	see	VERB
ftr-323	511	2	staff	staff	NOUN
ftr-323	511	3	of	of	ADP
ftr-323	511	4	joint	joint	ADJ
ftr-323	511	5	comm	comm	NOUN
ftr-323	511	6	.	.	PUNCT
ftr-323	512	1	,	,	PUNCT
ftr-323	512	2	options	option	NOUN
ftr-323	512	3	,	,	PUNCT
ftr-323	512	4	supra	supra	PROPN
ftr-323	512	5	note	note	NOUN
ftr-323	512	6	41	41	NUM
ftr-323	512	7	,	,	PUNCT
ftr-323	512	8	at	at	ADP
ftr-323	512	9	186	186	NUM
ftr-323	512	10	;	;	PUNCT
ftr-323	512	11	see	see	VERB
ftr-323	512	12	also	also	ADV
ftr-323	512	13	staff	staff	NOUN
ftr-323	512	14	of	of	ADP
ftr-323	512	15	joint	joint	ADJ
ftr-323	512	16	comm	comm	NOUN
ftr-323	512	17	.	.	PUNCT
ftr-323	513	1	,	,	PUNCT
ftr-323	513	2	impact	impact	NOUN
ftr-323	513	3	of	of	ADP
ftr-323	513	4	international	international	ADJ
ftr-323	513	5	tax	tax	NOUN
ftr-323	513	6	reform	reform	NOUN
ftr-323	513	7	,	,	PUNCT
ftr-323	513	8	supra	supra	PROPN
ftr-323	513	9	note	note	PROPN
ftr-323	513	10	17	17	NUM
ftr-323	513	11	,	,	PUNCT
ftr-323	513	12	at	at	ADP
ftr-323	513	13	5	5	NUM
ftr-323	513	14	,	,	PUNCT
ftr-323	513	15	59	59	NUM
ftr-323	513	16	;	;	PUNCT
ftr-323	513	17	u.s	u.s	PROPN
ftr-323	513	18	.	.	PROPN
ftr-323	513	19	treas	treas	PROPN
ftr-323	513	20	.	.	PUNCT
ftr-323	514	1	dep’t	dep’t	PROPN
ftr-323	514	2	,	,	PUNCT
ftr-323	514	3	interim	interim	PROPN
ftr-323	514	4	rep	rep	PROPN
ftr-323	514	5	.	.	PROPN
ftr-323	514	6	,	,	PUNCT
ftr-323	514	7	supra	supra	PROPN
ftr-323	514	8	note	note	VERB
ftr-323	514	9	50	50	NUM
ftr-323	514	10	,	,	PUNCT
ftr-323	514	11	at	at	ADP
ftr-323	514	12	41–42	41–42	NUM
ftr-323	514	13	.	.	PUNCT
ftr-323	515	1	87	87	NUM
ftr-323	515	2	.	.	PUNCT
ftr-323	516	1	see	see	VERB
ftr-323	516	2	staff	staff	NOUN
ftr-323	516	3	of	of	ADP
ftr-323	516	4	joint	joint	ADJ
ftr-323	516	5	comm	comm	NOUN
ftr-323	516	6	.	.	PUNCT
ftr-323	516	7	,	,	PUNCT
ftr-323	516	8	background	background	NOUN
ftr-323	516	9	and	and	CCONJ
ftr-323	516	10	issues	issue	NOUN
ftr-323	516	11	,	,	PUNCT
ftr-323	516	12	supra	supra	PROPN
ftr-323	516	13	note	note	NOUN
ftr-323	516	14	48	48	NUM
ftr-323	516	15	,	,	PUNCT
ftr-323	516	16	at	at	ADP
ftr-323	516	17	8	8	NUM
ftr-323	516	18	;	;	PUNCT
ftr-323	516	19	staff	staff	NOUN
ftr-323	516	20	of	of	ADP
ftr-323	516	21	joint	joint	ADJ
ftr-323	516	22	comm	comm	NOUN
ftr-323	516	23	.	.	PUNCT
ftr-323	516	24	,	,	PUNCT
ftr-323	517	1	impact	impact	NOUN
ftr-323	517	2	of	of	ADP
ftr-323	517	3	international	international	ADJ
ftr-323	517	4	tax	tax	NOUN
ftr-323	517	5	reform	reform	NOUN
ftr-323	517	6	,	,	PUNCT
ftr-323	517	7	supra	supra	PROPN
ftr-323	517	8	note	note	PROPN
ftr-323	517	9	17	17	NUM
ftr-323	517	10	,	,	PUNCT
ftr-323	517	11	at	at	ADP
ftr-323	517	12	2	2	NUM
ftr-323	517	13	;	;	PUNCT
ftr-323	517	14	u.s	u.s	PROPN
ftr-323	517	15	.	.	PROPN
ftr-323	517	16	treas	treas	PROPN
ftr-323	517	17	.	.	PUNCT
ftr-323	518	1	dep’t	dep’t	PROPN
ftr-323	518	2	,	,	PUNCT
ftr-323	518	3	interim	interim	PROPN
ftr-323	518	4	rep	rep	PROPN
ftr-323	518	5	.	.	PROPN
ftr-323	518	6	,	,	PUNCT
ftr-323	518	7	supra	supra	PROPN
ftr-323	518	8	note	note	VERB
ftr-323	518	9	50	50	NUM
ftr-323	518	10	,	,	PUNCT
ftr-323	518	11	at	at	ADP
ftr-323	518	12	41–42	41–42	PROPN
ftr-323	518	13	.	.	PROPN
ftr-323	518	14	88	88	NUM
ftr-323	518	15	.	.	PUNCT
ftr-323	519	1	see	see	VERB
ftr-323	519	2	staff	staff	NOUN
ftr-323	519	3	of	of	ADP
ftr-323	519	4	joint	joint	ADJ
ftr-323	519	5	comm	comm	NOUN
ftr-323	519	6	.	.	PUNCT
ftr-323	519	7	,	,	PUNCT
ftr-323	519	8	background	background	NOUN
ftr-323	519	9	and	and	CCONJ
ftr-323	519	10	issues	issue	NOUN
ftr-323	519	11	,	,	PUNCT
ftr-323	519	12	supra	supra	PROPN
ftr-323	519	13	note	note	NOUN
ftr-323	519	14	48	48	NUM
ftr-323	519	15	,	,	PUNCT
ftr-323	519	16	at	at	ADP
ftr-323	519	17	8	8	NUM
ftr-323	519	18	.	.	NUM
ftr-323	519	19	424	424	NUM
ftr-323	519	20	florida	florida	PROPN
ftr-323	519	21	tax	tax	NOUN
ftr-323	519	22	review	review	NOUN
ftr-323	520	1	[	[	X
ftr-323	520	2	vol	vol	NOUN
ftr-323	520	3	.	.	PUNCT
ftr-323	521	1	13:8	13:8	NUM
ftr-323	521	2	tax	tax	NOUN
ftr-323	521	3	bases	basis	NOUN
ftr-323	521	4	from	from	ADP
ftr-323	521	5	excessive	excessive	ADJ
ftr-323	521	6	erosion.89	erosion.89	NOUN
ftr-323	521	7	for	for	ADP
ftr-323	521	8	example	example	NOUN
ftr-323	521	9	,	,	PUNCT
ftr-323	521	10	they	they	PRON
ftr-323	521	11	generally	generally	ADV
ftr-323	521	12	exclude	exclude	VERB
ftr-323	521	13	from	from	ADP
ftr-323	521	14	exemption	exemption	NOUN
ftr-323	521	15	passive	passive	ADJ
ftr-323	521	16	income	income	NOUN
ftr-323	521	17	generated	generate	VERB
ftr-323	521	18	by	by	ADP
ftr-323	521	19	cross	cross	ADJ
ftr-323	521	20	-	-	ADJ
ftr-323	521	21	border	border	ADJ
ftr-323	521	22	investments	investment	NOUN
ftr-323	521	23	,	,	PUNCT
ftr-323	521	24	and	and	CCONJ
ftr-323	521	25	several	several	ADJ
ftr-323	521	26	of	of	ADP
ftr-323	521	27	them	they	PRON
ftr-323	521	28	have	have	VERB
ftr-323	521	29	subject	subject	NOUN
ftr-323	521	30	-	-	PUNCT
ftr-323	521	31	to	to	ADP
ftr-323	521	32	-	-	PUNCT
ftr-323	521	33	tax	tax	NOUN
ftr-323	521	34	requirements.90	requirements.90	NOUN
ftr-323	521	35	thus	thus	ADV
ftr-323	521	36	,	,	PUNCT
ftr-323	521	37	the	the	DET
ftr-323	521	38	better	well	ADJ
ftr-323	521	39	view	view	NOUN
ftr-323	521	40	is	be	AUX
ftr-323	521	41	that	that	SCONJ
ftr-323	521	42	an	an	DET
ftr-323	521	43	exemption	exemption	NOUN
ftr-323	521	44	or	or	CCONJ
ftr-323	521	45	territorial	territorial	ADJ
ftr-323	521	46	system	system	NOUN
ftr-323	521	47	is	be	AUX
ftr-323	521	48	a	a	DET
ftr-323	521	49	method	method	NOUN
ftr-323	521	50	for	for	ADP
ftr-323	521	51	mitigating	mitigate	VERB
ftr-323	521	52	double	double	ADJ
ftr-323	521	53	taxation	taxation	NOUN
ftr-323	521	54	levied	levy	VERB
ftr-323	521	55	by	by	ADP
ftr-323	521	56	governments	government	NOUN
ftr-323	521	57	.	.	PUNCT
ftr-323	522	1	from	from	ADP
ftr-323	522	2	that	that	DET
ftr-323	522	3	standpoint	standpoint	NOUN
ftr-323	522	4	,	,	PUNCT
ftr-323	522	5	it	it	PRON
ftr-323	522	6	is	be	AUX
ftr-323	522	7	critical	critical	ADJ
ftr-323	522	8	that	that	SCONJ
ftr-323	522	9	although	although	SCONJ
ftr-323	522	10	investments	investment	NOUN
ftr-323	522	11	in	in	ADP
ftr-323	522	12	low	low	ADJ
ftr-323	522	13	-	-	PUNCT
ftr-323	522	14	tax	tax	NOUN
ftr-323	522	15	countries	country	NOUN
ftr-323	522	16	like	like	ADP
ftr-323	522	17	lowtaxia	lowtaxia	PROPN
ftr-323	522	18	suffer	suffer	VERB
ftr-323	522	19	pre	pre	ADJ
ftr-323	522	20	-	-	ADJ
ftr-323	522	21	tax	tax	ADJ
ftr-323	522	22	rate	rate	NOUN
ftr-323	522	23	of	of	ADP
ftr-323	522	24	return	return	NOUN
ftr-323	522	25	reductions	reduction	NOUN
ftr-323	522	26	that	that	PRON
ftr-323	522	27	are	be	AUX
ftr-323	522	28	often	often	ADV
ftr-323	522	29	called	call	VERB
ftr-323	522	30	implicit	implicit	ADJ
ftr-323	522	31	taxes	taxis	NOUN
ftr-323	522	32	,	,	PUNCT
ftr-323	522	33	there	there	PRON
ftr-323	522	34	is	be	VERB
ftr-323	522	35	no	no	DET
ftr-323	522	36	double	double	ADJ
ftr-323	522	37	taxation	taxation	NOUN
ftr-323	522	38	because	because	SCONJ
ftr-323	522	39	the	the	DET
ftr-323	522	40	implicit	implicit	ADJ
ftr-323	522	41	tax	tax	NOUN
ftr-323	522	42	represents	represent	VERB
ftr-323	522	43	forgone	forgone	ADJ
ftr-323	522	44	income	income	NOUN
ftr-323	522	45	rather	rather	ADV
ftr-323	522	46	than	than	ADP
ftr-323	522	47	a	a	DET
ftr-323	522	48	duplicative	duplicative	ADJ
ftr-323	522	49	payment	payment	NOUN
ftr-323	522	50	to	to	ADP
ftr-323	522	51	a	a	DET
ftr-323	522	52	government	government	NOUN
ftr-323	522	53	.	.	PUNCT
ftr-323	523	1	therefore	therefore	ADV
ftr-323	523	2	,	,	PUNCT
ftr-323	523	3	the	the	DET
ftr-323	523	4	implicit	implicit	ADJ
ftr-323	523	5	taxes	taxis	NOUN
ftr-323	523	6	that	that	PRON
ftr-323	523	7	result	result	VERB
ftr-323	523	8	from	from	ADP
ftr-323	523	9	low	low	ADJ
ftr-323	523	10	explicit	explicit	ADJ
ftr-323	523	11	foreign	foreign	ADJ
ftr-323	523	12	taxes	taxis	NOUN
ftr-323	523	13	should	should	AUX
ftr-323	523	14	be	be	AUX
ftr-323	523	15	irrelevant	irrelevant	ADJ
ftr-323	523	16	with	with	ADP
ftr-323	523	17	respect	respect	NOUN
ftr-323	523	18	to	to	ADP
ftr-323	523	19	the	the	DET
ftr-323	523	20	double	double	ADJ
ftr-323	523	21	taxation	taxation	NOUN
ftr-323	523	22	conundrum	conundrum	NOUN
ftr-323	523	23	.	.	PUNCT
ftr-323	524	1	their	their	PRON
ftr-323	524	2	existence	existence	NOUN
ftr-323	524	3	does	do	AUX
ftr-323	524	4	not	not	PART
ftr-323	524	5	make	make	VERB
ftr-323	524	6	out	out	ADP
ftr-323	524	7	a	a	DET
ftr-323	524	8	case	case	NOUN
ftr-323	524	9	for	for	ADP
ftr-323	524	10	rejecting	reject	VERB
ftr-323	524	11	a	a	DET
ftr-323	524	12	subject	subject	NOUN
ftr-323	524	13	-	-	PUNCT
ftr-323	524	14	to	to	ADP
ftr-323	524	15	-	-	PUNCT
ftr-323	524	16	tax	tax	NOUN
ftr-323	524	17	requirement	requirement	NOUN
ftr-323	524	18	in	in	ADP
ftr-323	524	19	an	an	DET
ftr-323	524	20	exemption	exemption	NOUN
ftr-323	524	21	system	system	NOUN
ftr-323	524	22	.	.	PUNCT
ftr-323	525	1	at	at	ADP
ftr-323	525	2	this	this	DET
ftr-323	525	3	point	point	NOUN
ftr-323	525	4	,	,	PUNCT
ftr-323	525	5	many	many	ADJ
ftr-323	525	6	pro	pro	ADJ
ftr-323	525	7	-	-	ADJ
ftr-323	525	8	exemption	exemption	ADJ
ftr-323	525	9	advocates	advocate	NOUN
ftr-323	525	10	would	would	AUX
ftr-323	525	11	argue	argue	VERB
ftr-323	525	12	that	that	SCONJ
ftr-323	525	13	the	the	DET
ftr-323	525	14	preceding	precede	VERB
ftr-323	525	15	analysis	analysis	NOUN
ftr-323	525	16	is	be	AUX
ftr-323	525	17	irrelevant	irrelevant	ADJ
ftr-323	525	18	because	because	SCONJ
ftr-323	525	19	the	the	DET
ftr-323	525	20	purpose	purpose	NOUN
ftr-323	525	21	of	of	ADP
ftr-323	525	22	exemption	exemption	NOUN
ftr-323	525	23	systems	system	NOUN
ftr-323	525	24	is	be	AUX
ftr-323	525	25	to	to	PART
ftr-323	525	26	make	make	VERB
ftr-323	525	27	u.s	u.s	PROPN
ftr-323	525	28	.	.	PROPN
ftr-323	525	29	multinational	multinational	ADJ
ftr-323	525	30	corporations	corporation	NOUN
ftr-323	525	31	more	more	ADV
ftr-323	525	32	competitive	competitive	ADJ
ftr-323	525	33	in	in	ADP
ftr-323	525	34	low	low	ADJ
ftr-323	525	35	-	-	PUNCT
ftr-323	525	36	tax	tax	NOUN
ftr-323	525	37	foreign	foreign	ADJ
ftr-323	525	38	markets	market	NOUN
ftr-323	525	39	and	and	CCONJ
ftr-323	525	40	that	that	SCONJ
ftr-323	525	41	an	an	DET
ftr-323	525	42	exemption	exemption	NOUN
ftr-323	525	43	system	system	NOUN
ftr-323	525	44	that	that	PRON
ftr-323	525	45	does	do	VERB
ftr-323	525	46	nothing	nothing	PRON
ftr-323	525	47	more	more	ADJ
ftr-323	525	48	than	than	ADP
ftr-323	525	49	alleviate	alleviate	VERB
ftr-323	525	50	international	international	ADJ
ftr-323	525	51	double	double	ADJ
ftr-323	525	52	taxation	taxation	NOUN
ftr-323	525	53	is	be	AUX
ftr-323	525	54	deficient	deficient	ADJ
ftr-323	525	55	per	per	ADP
ftr-323	525	56	se.91	se.91	NOUN
ftr-323	525	57	this	this	PRON
ftr-323	525	58	is	be	AUX
ftr-323	525	59	actually	actually	ADV
ftr-323	525	60	a	a	DET
ftr-323	525	61	demand	demand	NOUN
ftr-323	525	62	for	for	ADP
ftr-323	525	63	a	a	DET
ftr-323	525	64	competition	competition	NOUN
ftr-323	525	65	subsidy	subsidy	NOUN
ftr-323	525	66	delivered	deliver	VERB
ftr-323	525	67	through	through	ADP
ftr-323	525	68	the	the	DET
ftr-323	525	69	tax	tax	NOUN
ftr-323	525	70	system	system	NOUN
ftr-323	525	71	,	,	PUNCT
ftr-323	525	72	and	and	CCONJ
ftr-323	525	73	we	we	PRON
ftr-323	525	74	will	will	AUX
ftr-323	525	75	discuss	discuss	VERB
ftr-323	525	76	this	this	DET
ftr-323	525	77	aspect	aspect	NOUN
ftr-323	525	78	of	of	ADP
ftr-323	525	79	territoriality	territoriality	NOUN
ftr-323	525	80	in	in	ADP
ftr-323	525	81	part	part	NOUN
ftr-323	525	82	ix	ix	ADJ
ftr-323	525	83	.	.	PUNCT
ftr-323	526	1	g.	g.	PROPN
ftr-323	526	2	applying	apply	VERB
ftr-323	526	3	the	the	DET
ftr-323	526	4	subject	subject	NOUN
ftr-323	526	5	-	-	PUNCT
ftr-323	526	6	to	to	ADP
ftr-323	526	7	-	-	PUNCT
ftr-323	526	8	tax	tax	NOUN
ftr-323	526	9	rule	rule	NOUN
ftr-323	526	10	to	to	ADP
ftr-323	526	11	a	a	DET
ftr-323	526	12	dividend	dividend	NOUN
ftr-323	526	13	exemption	exemption	NOUN
ftr-323	526	14	system	system	NOUN
ftr-323	526	15	in	in	ADP
ftr-323	526	16	theory	theory	NOUN
ftr-323	526	17	,	,	PUNCT
ftr-323	526	18	a	a	DET
ftr-323	526	19	subject	subject	NOUN
ftr-323	526	20	-	-	PUNCT
ftr-323	526	21	to	to	ADP
ftr-323	526	22	-	-	PUNCT
ftr-323	526	23	tax	tax	NOUN
ftr-323	526	24	requirement	requirement	NOUN
ftr-323	526	25	could	could	AUX
ftr-323	526	26	be	be	AUX
ftr-323	526	27	applied	apply	VERB
ftr-323	526	28	by	by	ADP
ftr-323	526	29	requiring	require	VERB
ftr-323	526	30	each	each	DET
ftr-323	526	31	foreign	foreign	ADJ
ftr-323	526	32	subsidiary	subsidiary	NOUN
ftr-323	526	33	of	of	ADP
ftr-323	526	34	a	a	DET
ftr-323	526	35	u.s	u.s	PROPN
ftr-323	526	36	.	.	PROPN
ftr-323	526	37	corporation	corporation	NOUN
ftr-323	526	38	to	to	PART
ftr-323	526	39	create	create	VERB
ftr-323	526	40	an	an	DET
ftr-323	526	41	accounting	accounting	NOUN
ftr-323	526	42	pool	pool	NOUN
ftr-323	526	43	of	of	ADP
ftr-323	526	44	income	income	NOUN
ftr-323	526	45	that	that	PRON
ftr-323	526	46	was	be	AUX
ftr-323	526	47	disqualified	disqualify	VERB
ftr-323	526	48	from	from	ADP
ftr-323	526	49	exemption	exemption	NOUN
ftr-323	526	50	by	by	ADP
ftr-323	526	51	the	the	DET
ftr-323	526	52	subject	subject	NOUN
ftr-323	526	53	-	-	PUNCT
ftr-323	526	54	to	to	ADP
ftr-323	526	55	-	-	PUNCT
ftr-323	526	56	tax	tax	NOUN
ftr-323	526	57	requirement	requirement	NOUN
ftr-323	526	58	and	and	CCONJ
ftr-323	526	59	a	a	DET
ftr-323	526	60	separate	separate	ADJ
ftr-323	526	61	accounting	accounting	NOUN
ftr-323	526	62	pool	pool	NOUN
ftr-323	526	63	for	for	ADP
ftr-323	526	64	income	income	NOUN
ftr-323	526	65	that	that	PRON
ftr-323	526	66	was	be	AUX
ftr-323	526	67	not	not	PART
ftr-323	526	68	disqualified	disqualify	VERB
ftr-323	526	69	.	.	PUNCT
ftr-323	527	1	dividends	dividend	NOUN
ftr-323	527	2	paid	pay	VERB
ftr-323	527	3	by	by	ADP
ftr-323	527	4	the	the	DET
ftr-323	527	5	foreign	foreign	ADJ
ftr-323	527	6	subsidiary	subsidiary	NOUN
ftr-323	527	7	to	to	ADP
ftr-323	527	8	a	a	DET
ftr-323	527	9	u.s	u.s	PROPN
ftr-323	527	10	.	.	PROPN
ftr-323	527	11	parent	parent	NOUN
ftr-323	527	12	could	could	AUX
ftr-323	527	13	then	then	ADV
ftr-323	527	14	be	be	AUX
ftr-323	527	15	treated	treat	VERB
ftr-323	527	16	as	as	SCONJ
ftr-323	527	17	drawn	draw	VERB
ftr-323	527	18	proportionately	proportionately	ADV
ftr-323	527	19	from	from	ADP
ftr-323	527	20	each	each	DET
ftr-323	527	21	pool	pool	NOUN
ftr-323	527	22	or	or	CCONJ
ftr-323	527	23	as	as	ADP
ftr-323	527	24	coming	come	VERB
ftr-323	527	25	initially	initially	ADV
ftr-323	527	26	from	from	ADP
ftr-323	527	27	only	only	ADV
ftr-323	527	28	one	one	NUM
ftr-323	527	29	of	of	ADP
ftr-323	527	30	the	the	DET
ftr-323	527	31	pools	pool	NOUN
ftr-323	527	32	and	and	CCONJ
ftr-323	527	33	then	then	ADV
ftr-323	527	34	from	from	ADP
ftr-323	527	35	the	the	DET
ftr-323	527	36	other	other	ADJ
ftr-323	527	37	when	when	SCONJ
ftr-323	527	38	the	the	DET
ftr-323	527	39	first	first	ADJ
ftr-323	527	40	was	be	AUX
ftr-323	527	41	exhausted.92	exhausted.92	NOUN
ftr-323	527	42	dividends	dividend	NOUN
ftr-323	527	43	would	would	AUX
ftr-323	527	44	be	be	AUX
ftr-323	527	45	taxable	taxable	ADJ
ftr-323	527	46	to	to	ADP
ftr-323	527	47	the	the	DET
ftr-323	527	48	extent	extent	NOUN
ftr-323	527	49	they	they	PRON
ftr-323	527	50	were	be	AUX
ftr-323	527	51	allocable	allocable	ADJ
ftr-323	527	52	to	to	ADP
ftr-323	527	53	the	the	DET
ftr-323	527	54	disqualified	disqualify	VERB
ftr-323	527	55	income	income	NOUN
ftr-323	527	56	pool	pool	NOUN
ftr-323	527	57	under	under	ADP
ftr-323	527	58	the	the	DET
ftr-323	527	59	applicable	applicable	ADJ
ftr-323	527	60	ordering	ordering	NOUN
ftr-323	527	61	rule	rule	NOUN
ftr-323	527	62	.	.	PUNCT
ftr-323	528	1	this	this	DET
ftr-323	528	2	approach	approach	NOUN
ftr-323	528	3	to	to	ADP
ftr-323	528	4	the	the	DET
ftr-323	528	5	subject	subject	NOUN
ftr-323	528	6	-	-	PUNCT
ftr-323	528	7	to	to	ADP
ftr-323	528	8	-	-	PUNCT
ftr-323	528	9	tax	tax	NOUN
ftr-323	528	10	requirement	requirement	NOUN
ftr-323	528	11	would	would	AUX
ftr-323	528	12	,	,	PUNCT
ftr-323	528	13	however	however	ADV
ftr-323	528	14	,	,	PUNCT
ftr-323	528	15	confer	confer	VERB
ftr-323	528	16	a	a	DET
ftr-323	528	17	problematic	problematic	ADJ
ftr-323	528	18	deferral	deferral	ADJ
ftr-323	528	19	benefit	benefit	NOUN
ftr-323	528	20	on	on	ADP
ftr-323	528	21	the	the	DET
ftr-323	528	22	disqualified	disqualify	VERB
ftr-323	528	23	low	low	ADJ
ftr-323	528	24	-	-	PUNCT
ftr-323	528	25	tax	tax	NOUN
ftr-323	528	26	income	income	NOUN
ftr-323	528	27	,	,	PUNCT
ftr-323	528	28	and	and	CCONJ
ftr-323	528	29	89	89	NUM
ftr-323	528	30	.	.	PUNCT
ftr-323	529	1	see	see	VERB
ftr-323	529	2	staff	staff	NOUN
ftr-323	529	3	of	of	ADP
ftr-323	529	4	joint	joint	ADJ
ftr-323	529	5	comm	comm	NOUN
ftr-323	529	6	.	.	PUNCT
ftr-323	529	7	,	,	PUNCT
ftr-323	529	8	background	background	NOUN
ftr-323	529	9	and	and	CCONJ
ftr-323	529	10	issues	issue	NOUN
ftr-323	529	11	,	,	PUNCT
ftr-323	529	12	supra	supra	PROPN
ftr-323	529	13	note	note	NOUN
ftr-323	529	14	48	48	NUM
ftr-323	529	15	,	,	PUNCT
ftr-323	529	16	at	at	ADP
ftr-323	529	17	2	2	NUM
ftr-323	529	18	,	,	PUNCT
ftr-323	529	19	4–5	4–5	NUM
ftr-323	529	20	,	,	PUNCT
ftr-323	529	21	8–10	8–10	NOUN
ftr-323	529	22	;	;	PUNCT
ftr-323	529	23	u.s	u.s	PROPN
ftr-323	529	24	.	.	PROPN
ftr-323	529	25	treas	treas	PROPN
ftr-323	529	26	.	.	PUNCT
ftr-323	530	1	dep’t	dep’t	PROPN
ftr-323	530	2	,	,	PUNCT
ftr-323	530	3	interim	interim	PROPN
ftr-323	530	4	rep	rep	PROPN
ftr-323	530	5	.	.	PROPN
ftr-323	530	6	,	,	PUNCT
ftr-323	530	7	supra	supra	PROPN
ftr-323	530	8	note	note	VERB
ftr-323	530	9	50	50	NUM
ftr-323	530	10	,	,	PUNCT
ftr-323	530	11	at	at	ADP
ftr-323	530	12	41–42	41–42	NUM
ftr-323	530	13	;	;	PUNCT
ftr-323	530	14	ault	ault	PROPN
ftr-323	530	15	&	&	CCONJ
ftr-323	530	16	arnold	arnold	PROPN
ftr-323	530	17	,	,	PUNCT
ftr-323	530	18	comparative	comparative	ADJ
ftr-323	530	19	taxation	taxation	NOUN
ftr-323	530	20	,	,	PUNCT
ftr-323	530	21	supra	supra	PROPN
ftr-323	530	22	note	note	VERB
ftr-323	530	23	50	50	NUM
ftr-323	530	24	,	,	PUNCT
ftr-323	530	25	at	at	ADP
ftr-323	530	26	447	447	NUM
ftr-323	530	27	,	,	PUNCT
ftr-323	530	28	474–75	474–75	PROPN
ftr-323	530	29	.	.	PROPN
ftr-323	531	1	90	90	NUM
ftr-323	531	2	.	.	PUNCT
ftr-323	532	1	see	see	VERB
ftr-323	532	2	staff	staff	NOUN
ftr-323	532	3	of	of	ADP
ftr-323	532	4	joint	joint	ADJ
ftr-323	532	5	comm	comm	NOUN
ftr-323	532	6	.	.	PUNCT
ftr-323	532	7	,	,	PUNCT
ftr-323	532	8	background	background	NOUN
ftr-323	532	9	and	and	CCONJ
ftr-323	532	10	issues	issue	NOUN
ftr-323	532	11	,	,	PUNCT
ftr-323	532	12	supra	supra	PROPN
ftr-323	532	13	note	note	NOUN
ftr-323	532	14	48	48	NUM
ftr-323	532	15	,	,	PUNCT
ftr-323	532	16	at	at	ADP
ftr-323	532	17	8–10	8–10	NOUN
ftr-323	532	18	;	;	PUNCT
ftr-323	532	19	staff	staff	NOUN
ftr-323	532	20	of	of	ADP
ftr-323	532	21	joint	joint	ADJ
ftr-323	532	22	comm	comm	NOUN
ftr-323	532	23	.	.	PUNCT
ftr-323	532	24	,	,	PUNCT
ftr-323	533	1	impact	impact	NOUN
ftr-323	533	2	of	of	ADP
ftr-323	533	3	international	international	ADJ
ftr-323	533	4	tax	tax	NOUN
ftr-323	533	5	reform	reform	NOUN
ftr-323	533	6	,	,	PUNCT
ftr-323	533	7	supra	supra	PROPN
ftr-323	533	8	note	note	PROPN
ftr-323	533	9	17	17	NUM
ftr-323	533	10	,	,	PUNCT
ftr-323	533	11	at	at	ADP
ftr-323	533	12	2	2	NUM
ftr-323	533	13	,	,	PUNCT
ftr-323	533	14	4	4	NUM
ftr-323	533	15	;	;	PUNCT
ftr-323	533	16	ault	ault	PROPN
ftr-323	533	17	&	&	CCONJ
ftr-323	533	18	arnold	arnold	PROPN
ftr-323	533	19	,	,	PUNCT
ftr-323	533	20	comparative	comparative	ADJ
ftr-323	533	21	taxation	taxation	NOUN
ftr-323	533	22	,	,	PUNCT
ftr-323	533	23	supra	supra	PROPN
ftr-323	533	24	note	note	VERB
ftr-323	533	25	50	50	NUM
ftr-323	533	26	,	,	PUNCT
ftr-323	533	27	at	at	ADP
ftr-323	533	28	476	476	NUM
ftr-323	533	29	–	–	PUNCT
ftr-323	533	30	85	85	NUM
ftr-323	533	31	.	.	NOUN
ftr-323	533	32	91	91	NUM
ftr-323	533	33	.	.	PUNCT
ftr-323	534	1	see	see	VERB
ftr-323	534	2	supra	supra	PROPN
ftr-323	534	3	note	note	PROPN
ftr-323	534	4	23	23	NUM
ftr-323	534	5	.	.	PUNCT
ftr-323	535	1	92	92	NUM
ftr-323	535	2	.	.	PUNCT
ftr-323	536	1	cf	cf	NOUN
ftr-323	536	2	.	.	PUNCT
ftr-323	537	1	i.r.c	i.r.c	NOUN
ftr-323	537	2	.	.	PUNCT
ftr-323	538	1	§	§	PROPN
ftr-323	538	2	959(c	959(c	PROPN
ftr-323	538	3	)	)	PUNCT
ftr-323	538	4	.	.	PUNCT
ftr-323	539	1	2012	2012	NUM
ftr-323	539	2	]	]	PUNCT
ftr-323	539	3	exemption	exemption	NOUN
ftr-323	539	4	when	when	SCONJ
ftr-323	539	5	the	the	DET
ftr-323	539	6	treasury	treasury	NOUN
ftr-323	539	7	is	be	AUX
ftr-323	539	8	empty	empty	ADJ
ftr-323	539	9	425	425	NUM
ftr-323	539	10	it	it	PRON
ftr-323	539	11	would	would	AUX
ftr-323	539	12	be	be	AUX
ftr-323	539	13	unusual	unusual	ADJ
ftr-323	539	14	.	.	PUNCT
ftr-323	540	1	countries	country	NOUN
ftr-323	540	2	that	that	PRON
ftr-323	540	3	disqualify	disqualify	VERB
ftr-323	540	4	certain	certain	ADJ
ftr-323	540	5	types	type	NOUN
ftr-323	540	6	of	of	ADP
ftr-323	540	7	income	income	NOUN
ftr-323	540	8	from	from	ADP
ftr-323	540	9	serving	serve	VERB
ftr-323	540	10	as	as	ADP
ftr-323	540	11	the	the	DET
ftr-323	540	12	source	source	NOUN
ftr-323	540	13	of	of	ADP
ftr-323	540	14	exempt	exempt	ADJ
ftr-323	540	15	dividends	dividend	NOUN
ftr-323	540	16	usually	usually	ADV
ftr-323	540	17	do	do	VERB
ftr-323	540	18	so	so	ADV
ftr-323	540	19	indirectly	indirectly	ADV
ftr-323	540	20	and	and	CCONJ
ftr-323	540	21	in	in	ADP
ftr-323	540	22	a	a	DET
ftr-323	540	23	way	way	NOUN
ftr-323	540	24	that	that	PRON
ftr-323	540	25	avoids	avoid	VERB
ftr-323	540	26	deferral	deferral	NOUN
ftr-323	540	27	.	.	PUNCT
ftr-323	541	1	they	they	PRON
ftr-323	541	2	typically	typically	ADV
ftr-323	541	3	allow	allow	VERB
ftr-323	541	4	a	a	DET
ftr-323	541	5	full	full	ADJ
ftr-323	541	6	exemption	exemption	NOUN
ftr-323	541	7	for	for	ADP
ftr-323	541	8	the	the	DET
ftr-323	541	9	dividend	dividend	NOUN
ftr-323	541	10	(	(	PUNCT
ftr-323	541	11	or	or	CCONJ
ftr-323	541	12	a	a	DET
ftr-323	541	13	fraction	fraction	NOUN
ftr-323	541	14	thereof	thereof	ADV
ftr-323	541	15	that	that	PRON
ftr-323	541	16	reflects	reflect	VERB
ftr-323	541	17	an	an	DET
ftr-323	541	18	adjustment	adjustment	NOUN
ftr-323	541	19	for	for	ADP
ftr-323	541	20	expenses	expense	NOUN
ftr-323	541	21	allocable	allocable	ADJ
ftr-323	541	22	to	to	ADP
ftr-323	541	23	foreign	foreign	ADJ
ftr-323	541	24	income),93	income),93	ADJ
ftr-323	541	25	but	but	CCONJ
ftr-323	541	26	at	at	ADP
ftr-323	541	27	the	the	DET
ftr-323	541	28	same	same	ADJ
ftr-323	541	29	time	time	NOUN
ftr-323	541	30	they	they	PRON
ftr-323	541	31	maintain	maintain	VERB
ftr-323	541	32	cfc	cfc	PROPN
ftr-323	541	33	regimes94	regimes94	NOUN
ftr-323	541	34	that	that	PRON
ftr-323	541	35	,	,	PUNCT
ftr-323	541	36	speaking	speak	VERB
ftr-323	541	37	in	in	ADP
ftr-323	541	38	simplified	simplified	ADJ
ftr-323	541	39	terms	term	NOUN
ftr-323	541	40	,	,	PUNCT
ftr-323	541	41	require	require	VERB
ftr-323	541	42	the	the	DET
ftr-323	541	43	disqualified	disqualified	ADJ
ftr-323	541	44	portion	portion	NOUN
ftr-323	541	45	of	of	ADP
ftr-323	541	46	the	the	DET
ftr-323	541	47	foreign	foreign	ADJ
ftr-323	541	48	subsidiary	subsidiary	NOUN
ftr-323	541	49	’s	’s	PART
ftr-323	541	50	income	income	NOUN
ftr-323	541	51	to	to	PART
ftr-323	541	52	be	be	AUX
ftr-323	541	53	currently	currently	ADV
ftr-323	541	54	included	include	VERB
ftr-323	541	55	in	in	ADP
ftr-323	541	56	the	the	DET
ftr-323	541	57	income	income	NOUN
ftr-323	541	58	of	of	ADP
ftr-323	541	59	the	the	DET
ftr-323	541	60	domestic	domestic	ADJ
ftr-323	541	61	parent	parent	NOUN
ftr-323	541	62	.	.	PUNCT
ftr-323	542	1	in	in	ADP
ftr-323	542	2	this	this	DET
ftr-323	542	3	way	way	NOUN
ftr-323	542	4	,	,	PUNCT
ftr-323	542	5	disqualified	disqualify	VERB
ftr-323	542	6	income	income	NOUN
ftr-323	542	7	is	be	AUX
ftr-323	542	8	indirectly	indirectly	ADV
ftr-323	542	9	barred	bar	VERB
ftr-323	542	10	from	from	ADP
ftr-323	542	11	both	both	DET
ftr-323	542	12	exemption	exemption	NOUN
ftr-323	542	13	treatment	treatment	NOUN
ftr-323	542	14	and	and	CCONJ
ftr-323	542	15	deferral.95	deferral.95	NOUN
ftr-323	542	16	consistent	consistent	ADJ
ftr-323	542	17	with	with	ADP
ftr-323	542	18	this	this	DET
ftr-323	542	19	pattern	pattern	NOUN
ftr-323	542	20	,	,	PUNCT
ftr-323	542	21	countries	country	NOUN
ftr-323	542	22	that	that	PRON
ftr-323	542	23	impose	impose	VERB
ftr-323	542	24	subject	subject	NOUN
ftr-323	542	25	-	-	PUNCT
ftr-323	542	26	to	to	ADP
ftr-323	542	27	-	-	PUNCT
ftr-323	542	28	tax	tax	NOUN
ftr-323	542	29	requirements	requirement	NOUN
ftr-323	542	30	generally	generally	ADV
ftr-323	542	31	do	do	VERB
ftr-323	542	32	so	so	ADV
ftr-323	542	33	by	by	ADP
ftr-323	542	34	treating	treat	VERB
ftr-323	542	35	low	low	ADJ
ftr-323	542	36	-	-	PUNCT
ftr-323	542	37	taxed	tax	VERB
ftr-323	542	38	foreign	foreign	ADJ
ftr-323	542	39	income	income	NOUN
ftr-323	542	40	as	as	ADP
ftr-323	542	41	disqualified	disqualify	VERB
ftr-323	542	42	income	income	NOUN
ftr-323	542	43	that	that	PRON
ftr-323	542	44	is	be	AUX
ftr-323	542	45	subject	subject	ADJ
ftr-323	542	46	to	to	ADP
ftr-323	542	47	current	current	ADJ
ftr-323	542	48	inclusion	inclusion	NOUN
ftr-323	542	49	under	under	ADP
ftr-323	542	50	the	the	DET
ftr-323	542	51	cfc	cfc	PROPN
ftr-323	542	52	regime.96	regime.96	NOUN
ftr-323	542	53	this	this	PRON
ftr-323	542	54	is	be	AUX
ftr-323	542	55	the	the	DET
ftr-323	542	56	approach	approach	NOUN
ftr-323	542	57	taken	take	VERB
ftr-323	542	58	in	in	ADP
ftr-323	542	59	the	the	DET
ftr-323	542	60	october	october	PROPN
ftr-323	542	61	2011	2011	NUM
ftr-323	542	62	ways	way	NOUN
ftr-323	542	63	and	and	CCONJ
ftr-323	542	64	means	mean	VERB
ftr-323	542	65	discussion	discussion	NOUN
ftr-323	542	66	draft	draft	NOUN
ftr-323	542	67	,	,	PUNCT
ftr-323	542	68	which	which	PRON
ftr-323	542	69	would	would	AUX
ftr-323	542	70	generally	generally	ADV
ftr-323	542	71	retain	retain	VERB
ftr-323	542	72	subpart	subpart	NOUN
ftr-323	542	73	f	f	NOUN
ftr-323	542	74	and	and	CCONJ
ftr-323	542	75	treat	treat	VERB
ftr-323	542	76	certain	certain	ADJ
ftr-323	542	77	low	low	ADV
ftr-323	542	78	-	-	PUNCT
ftr-323	542	79	taxed	tax	VERB
ftr-323	542	80	foreign	foreign	ADJ
ftr-323	542	81	income	income	NOUN
ftr-323	542	82	as	as	ADP
ftr-323	542	83	subpart	subpart	NOUN
ftr-323	542	84	f	f	PROPN
ftr-323	542	85	income.97	income.97	NOUN
ftr-323	542	86	it	it	PRON
ftr-323	542	87	has	have	VERB
ftr-323	542	88	the	the	DET
ftr-323	542	89	advantage	advantage	NOUN
ftr-323	542	90	of	of	ADP
ftr-323	542	91	utilizing	utilize	VERB
ftr-323	542	92	a	a	DET
ftr-323	542	93	familiar	familiar	ADJ
ftr-323	542	94	regime	regime	NOUN
ftr-323	542	95	that	that	PRON
ftr-323	542	96	has	have	AUX
ftr-323	542	97	been	be	AUX
ftr-323	542	98	in	in	ADP
ftr-323	542	99	place	place	NOUN
ftr-323	542	100	since	since	SCONJ
ftr-323	542	101	1962	1962	NUM
ftr-323	542	102	,	,	PUNCT
ftr-323	542	103	although	although	SCONJ
ftr-323	542	104	it	it	PRON
ftr-323	542	105	is	be	AUX
ftr-323	542	106	out	out	ADP
ftr-323	542	107	of	of	ADP
ftr-323	542	108	date	date	NOUN
ftr-323	542	109	and	and	CCONJ
ftr-323	542	110	badly	badly	ADV
ftr-323	542	111	in	in	ADP
ftr-323	542	112	need	need	NOUN
ftr-323	542	113	of	of	ADP
ftr-323	542	114	reform	reform	NOUN
ftr-323	542	115	.	.	PUNCT
ftr-323	543	1	consequently	consequently	ADV
ftr-323	543	2	,	,	PUNCT
ftr-323	543	3	the	the	DET
ftr-323	543	4	approach	approach	NOUN
ftr-323	543	5	of	of	ADP
ftr-323	543	6	implementing	implement	VERB
ftr-323	543	7	a	a	DET
ftr-323	543	8	subject	subject	NOUN
ftr-323	543	9	-	-	PUNCT
ftr-323	543	10	to	to	ADP
ftr-323	543	11	-	-	PUNCT
ftr-323	543	12	tax	tax	NOUN
ftr-323	543	13	requirement	requirement	NOUN
ftr-323	543	14	by	by	ADP
ftr-323	543	15	treating	treat	VERB
ftr-323	543	16	low	low	ADJ
ftr-323	543	17	-	-	PUNCT
ftr-323	543	18	taxed	tax	VERB
ftr-323	543	19	foreign	foreign	ADJ
ftr-323	543	20	income	income	NOUN
ftr-323	543	21	as	as	ADP
ftr-323	543	22	subpart	subpart	NOUN
ftr-323	543	23	f	f	PROPN
ftr-323	543	24	income	income	NOUN
ftr-323	543	25	strikes	strike	VERB
ftr-323	543	26	us	we	PRON
ftr-323	543	27	as	as	ADP
ftr-323	543	28	satisfactory	satisfactory	ADJ
ftr-323	543	29	.	.	PUNCT
ftr-323	544	1	assuming	assume	VERB
ftr-323	544	2	that	that	SCONJ
ftr-323	544	3	subpart	subpart	NOUN
ftr-323	544	4	f	f	PROPN
ftr-323	544	5	is	be	AUX
ftr-323	544	6	retained	retain	VERB
ftr-323	544	7	,	,	PUNCT
ftr-323	544	8	with	with	ADP
ftr-323	544	9	some	some	DET
ftr-323	544	10	modification	modification	NOUN
ftr-323	544	11	,	,	PUNCT
ftr-323	544	12	and	and	CCONJ
ftr-323	544	13	that	that	SCONJ
ftr-323	544	14	some	some	DET
ftr-323	544	15	income	income	NOUN
ftr-323	544	16	is	be	AUX
ftr-323	544	17	subject	subject	ADJ
ftr-323	544	18	to	to	ADP
ftr-323	544	19	current	current	ADJ
ftr-323	544	20	taxation	taxation	NOUN
ftr-323	544	21	,	,	PUNCT
ftr-323	544	22	foreign	foreign	ADJ
ftr-323	544	23	tax	tax	NOUN
ftr-323	544	24	credits	credit	NOUN
ftr-323	544	25	should	should	AUX
ftr-323	544	26	be	be	AUX
ftr-323	544	27	available	available	ADJ
ftr-323	544	28	under	under	ADP
ftr-323	544	29	section	section	NOUN
ftr-323	544	30	960	960	NUM
ftr-323	544	31	with	with	ADP
ftr-323	544	32	respect	respect	NOUN
ftr-323	544	33	to	to	ADP
ftr-323	544	34	taxable	taxable	ADJ
ftr-323	544	35	subpart	subpart	NOUN
ftr-323	544	36	f	f	PROPN
ftr-323	544	37	income	income	NOUN
ftr-323	544	38	.	.	PUNCT
ftr-323	545	1	h.	h.	PROPN
ftr-323	545	2	tiered	tiere	VERB
ftr-323	545	3	structures	structure	NOUN
ftr-323	545	4	recall	recall	VERB
ftr-323	545	5	the	the	DET
ftr-323	545	6	example	example	NOUN
ftr-323	545	7	of	of	ADP
ftr-323	545	8	usco	usco	PROPN
ftr-323	545	9	,	,	PUNCT
ftr-323	545	10	a	a	DET
ftr-323	545	11	u.s	u.s	PROPN
ftr-323	545	12	.	.	PROPN
ftr-323	545	13	resident	resident	PROPN
ftr-323	545	14	corporation	corporation	NOUN
ftr-323	545	15	paying	pay	VERB
ftr-323	545	16	u.s	u.s	PROPN
ftr-323	545	17	.	.	PROPN
ftr-323	545	18	tax	tax	NOUN
ftr-323	545	19	at	at	ADP
ftr-323	545	20	a	a	DET
ftr-323	545	21	35	35	NUM
ftr-323	545	22	percent	percent	NOUN
ftr-323	545	23	rate	rate	NOUN
ftr-323	545	24	,	,	PUNCT
ftr-323	545	25	and	and	CCONJ
ftr-323	545	26	its	its	PRON
ftr-323	545	27	wholly	wholly	ADV
ftr-323	545	28	owned	own	VERB
ftr-323	545	29	,	,	PUNCT
ftr-323	545	30	active	active	ADJ
ftr-323	545	31	business	business	NOUN
ftr-323	545	32	subsidiary	subsidiary	NOUN
ftr-323	545	33	,	,	PUNCT
ftr-323	545	34	fs	fs	PROPN
ftr-323	545	35	,	,	PUNCT
ftr-323	545	36	which	which	PRON
ftr-323	545	37	is	be	AUX
ftr-323	545	38	incorporated	incorporate	VERB
ftr-323	545	39	in	in	ADP
ftr-323	545	40	lowtaxia	lowtaxia	NOUN
ftr-323	545	41	,	,	PUNCT
ftr-323	545	42	a	a	DET
ftr-323	545	43	country	country	NOUN
ftr-323	545	44	without	without	ADP
ftr-323	545	45	a	a	DET
ftr-323	545	46	corporate	corporate	ADJ
ftr-323	545	47	profits	profit	NOUN
ftr-323	545	48	tax	tax	NOUN
ftr-323	545	49	93	93	NUM
ftr-323	545	50	.	.	PUNCT
ftr-323	546	1	see	see	VERB
ftr-323	546	2	infra	infra	NOUN
ftr-323	546	3	notes	note	VERB
ftr-323	546	4	178–79	178–79	ADV
ftr-323	546	5	and	and	CCONJ
ftr-323	546	6	accompanying	accompany	VERB
ftr-323	546	7	text	text	NOUN
ftr-323	546	8	.	.	PUNCT
ftr-323	547	1	94	94	NUM
ftr-323	547	2	.	.	PUNCT
ftr-323	548	1	the	the	DET
ftr-323	548	2	u.s	u.s	PROPN
ftr-323	548	3	.	.	PROPN
ftr-323	548	4	cfc	cfc	PROPN
ftr-323	548	5	regime	regime	NOUN
ftr-323	548	6	,	,	PUNCT
ftr-323	548	7	familiarly	familiarly	ADV
ftr-323	548	8	known	know	VERB
ftr-323	548	9	as	as	ADP
ftr-323	548	10	subpart	subpart	NOUN
ftr-323	548	11	f	f	PROPN
ftr-323	548	12	,	,	PUNCT
ftr-323	548	13	is	be	AUX
ftr-323	548	14	contained	contain	VERB
ftr-323	548	15	in	in	ADP
ftr-323	548	16	i.r.c	i.r.c	NOUN
ftr-323	548	17	.	.	PUNCT
ftr-323	549	1	§	§	PROPN
ftr-323	549	2	§	§	PROPN
ftr-323	549	3	951–965	951–965	NUM
ftr-323	549	4	and	and	CCONJ
ftr-323	549	5	is	be	AUX
ftr-323	549	6	the	the	DET
ftr-323	549	7	subject	subject	NOUN
ftr-323	549	8	of	of	ADP
ftr-323	549	9	a	a	DET
ftr-323	549	10	vast	vast	ADJ
ftr-323	549	11	body	body	NOUN
ftr-323	549	12	of	of	ADP
ftr-323	549	13	literature	literature	NOUN
ftr-323	549	14	.	.	PUNCT
ftr-323	550	1	for	for	ADP
ftr-323	550	2	a	a	DET
ftr-323	550	3	detailed	detailed	ADJ
ftr-323	550	4	survey	survey	NOUN
ftr-323	550	5	of	of	ADP
ftr-323	550	6	the	the	DET
ftr-323	550	7	subpart	subpart	NOUN
ftr-323	550	8	f	f	PROPN
ftr-323	550	9	provisions	provision	NOUN
ftr-323	550	10	,	,	PUNCT
ftr-323	550	11	see	see	VERB
ftr-323	550	12	1	1	NUM
ftr-323	550	13	joel	joel	PROPN
ftr-323	550	14	d.	d.	PROPN
ftr-323	550	15	kuntz	kuntz	PROPN
ftr-323	550	16	&	&	CCONJ
ftr-323	550	17	robert	robert	PROPN
ftr-323	550	18	j.	j.	PROPN
ftr-323	550	19	peroni	peroni	PROPN
ftr-323	550	20	,	,	PUNCT
ftr-323	550	21	u.s	u.s	PROPN
ftr-323	550	22	.	.	PROPN
ftr-323	550	23	international	international	PROPN
ftr-323	550	24	taxation	taxation	PROPN
ftr-323	550	25	ch	ch	NOUN
ftr-323	551	1	.	.	PUNCT
ftr-323	551	2	b3	b3	PROPN
ftr-323	551	3	(	(	PUNCT
ftr-323	551	4	1992	1992	NUM
ftr-323	551	5	)	)	PUNCT
ftr-323	552	1	[	[	X
ftr-323	552	2	hereinafter	hereinafter	NOUN
ftr-323	552	3	kuntz	kuntz	PROPN
ftr-323	552	4	&	&	CCONJ
ftr-323	552	5	peroni	peroni	PROPN
ftr-323	552	6	,	,	PUNCT
ftr-323	552	7	u.s	u.s	PROPN
ftr-323	552	8	.	.	PROPN
ftr-323	552	9	international	international	ADJ
ftr-323	552	10	taxation	taxation	PROPN
ftr-323	552	11	]	]	PUNCT
ftr-323	552	12	.	.	PUNCT
ftr-323	553	1	95	95	NUM
ftr-323	553	2	.	.	PUNCT
ftr-323	554	1	see	see	VERB
ftr-323	554	2	staff	staff	NOUN
ftr-323	554	3	of	of	ADP
ftr-323	554	4	joint	joint	ADJ
ftr-323	554	5	comm	comm	NOUN
ftr-323	554	6	.	.	PUNCT
ftr-323	554	7	,	,	PUNCT
ftr-323	554	8	background	background	NOUN
ftr-323	554	9	and	and	CCONJ
ftr-323	554	10	issues	issue	NOUN
ftr-323	554	11	,	,	PUNCT
ftr-323	554	12	supra	supra	PROPN
ftr-323	554	13	note	note	NOUN
ftr-323	554	14	48	48	NUM
ftr-323	554	15	,	,	PUNCT
ftr-323	554	16	at	at	ADP
ftr-323	554	17	3–4	3–4	NUM
ftr-323	554	18	,	,	PUNCT
ftr-323	554	19	8–10	8–10	NOUN
ftr-323	554	20	;	;	PUNCT
ftr-323	554	21	ault	ault	PROPN
ftr-323	554	22	&	&	CCONJ
ftr-323	554	23	arnold	arnold	PROPN
ftr-323	554	24	,	,	PUNCT
ftr-323	554	25	comparative	comparative	ADJ
ftr-323	554	26	taxation	taxation	NOUN
ftr-323	554	27	,	,	PUNCT
ftr-323	554	28	supra	supra	PROPN
ftr-323	554	29	note	note	NOUN
ftr-323	554	30	50	50	NUM
ftr-323	554	31	,	,	PUNCT
ftr-323	554	32	at	at	ADP
ftr-323	554	33	476–77	476–77	NOUN
ftr-323	554	34	;	;	PUNCT
ftr-323	554	35	kleinbard	kleinbard	ADJ
ftr-323	554	36	,	,	PUNCT
ftr-323	554	37	lessons	lesson	NOUN
ftr-323	554	38	,	,	PUNCT
ftr-323	555	1	supra	supra	PROPN
ftr-323	555	2	note	note	NOUN
ftr-323	555	3	3	3	NUM
ftr-323	555	4	,	,	PUNCT
ftr-323	555	5	at	at	ADP
ftr-323	555	6	144–45	144–45	NUM
ftr-323	555	7	.	.	PROPN
ftr-323	556	1	96	96	NUM
ftr-323	556	2	.	.	PUNCT
ftr-323	557	1	see	see	VERB
ftr-323	557	2	staff	staff	NOUN
ftr-323	557	3	of	of	ADP
ftr-323	557	4	joint	joint	ADJ
ftr-323	557	5	comm	comm	NOUN
ftr-323	557	6	.	.	PUNCT
ftr-323	557	7	,	,	PUNCT
ftr-323	557	8	background	background	NOUN
ftr-323	557	9	and	and	CCONJ
ftr-323	557	10	issues	issue	NOUN
ftr-323	557	11	,	,	PUNCT
ftr-323	557	12	supra	supra	PROPN
ftr-323	557	13	note	note	NOUN
ftr-323	557	14	48	48	NUM
ftr-323	557	15	,	,	PUNCT
ftr-323	557	16	at	at	ADP
ftr-323	557	17	8–10	8–10	NOUN
ftr-323	557	18	.	.	PUNCT
ftr-323	558	1	97	97	NUM
ftr-323	558	2	.	.	PUNCT
ftr-323	559	1	see	see	VERB
ftr-323	559	2	ways	way	NOUN
ftr-323	559	3	&	&	CCONJ
ftr-323	559	4	means	mean	VERB
ftr-323	559	5	technical	technical	ADJ
ftr-323	559	6	explanation	explanation	NOUN
ftr-323	559	7	,	,	PUNCT
ftr-323	559	8	supra	supra	PROPN
ftr-323	559	9	note	note	NOUN
ftr-323	559	10	60	60	NUM
ftr-323	559	11	,	,	PUNCT
ftr-323	559	12	at	at	ADP
ftr-323	559	13	33	33	NUM
ftr-323	559	14	–	–	SYM
ftr-323	559	15	34	34	NUM
ftr-323	559	16	.	.	PUNCT
ftr-323	560	1	strangely	strangely	ADV
ftr-323	560	2	,	,	PUNCT
ftr-323	560	3	the	the	DET
ftr-323	560	4	ways	way	NOUN
ftr-323	560	5	and	and	CCONJ
ftr-323	560	6	means	mean	VERB
ftr-323	560	7	discussion	discussion	NOUN
ftr-323	560	8	draft	draft	NOUN
ftr-323	560	9	allows	allow	VERB
ftr-323	560	10	an	an	DET
ftr-323	560	11	additional	additional	ADJ
ftr-323	560	12	tax	tax	NOUN
ftr-323	560	13	to	to	PART
ftr-323	560	14	be	be	AUX
ftr-323	560	15	imposed	impose	VERB
ftr-323	560	16	upon	upon	SCONJ
ftr-323	560	17	distribution	distribution	NOUN
ftr-323	560	18	of	of	ADP
ftr-323	560	19	previously	previously	ADV
ftr-323	560	20	taxed	tax	VERB
ftr-323	560	21	subpart	subpart	NOUN
ftr-323	560	22	f	f	PROPN
ftr-323	560	23	income	income	NOUN
ftr-323	560	24	by	by	ADP
ftr-323	560	25	exempting	exempt	VERB
ftr-323	560	26	only	only	ADV
ftr-323	560	27	95	95	NUM
ftr-323	560	28	percent	percent	NOUN
ftr-323	560	29	of	of	ADP
ftr-323	560	30	the	the	DET
ftr-323	560	31	previously	previously	ADV
ftr-323	560	32	taxed	tax	VERB
ftr-323	560	33	amount	amount	NOUN
ftr-323	560	34	.	.	PUNCT
ftr-323	561	1	we	we	PRON
ftr-323	561	2	believe	believe	VERB
ftr-323	561	3	that	that	SCONJ
ftr-323	561	4	this	this	PRON
ftr-323	561	5	is	be	AUX
ftr-323	561	6	not	not	PART
ftr-323	561	7	the	the	DET
ftr-323	561	8	appropriate	appropriate	ADJ
ftr-323	561	9	approach	approach	NOUN
ftr-323	561	10	to	to	ADP
ftr-323	561	11	this	this	DET
ftr-323	561	12	issue	issue	NOUN
ftr-323	561	13	.	.	PUNCT
ftr-323	562	1	see	see	VERB
ftr-323	562	2	infra	infra	NOUN
ftr-323	562	3	notes	note	VERB
ftr-323	562	4	99	99	NUM
ftr-323	562	5	,	,	PUNCT
ftr-323	562	6	107	107	NUM
ftr-323	562	7	,	,	PUNCT
ftr-323	562	8	and	and	CCONJ
ftr-323	562	9	accompanying	accompany	VERB
ftr-323	562	10	text	text	NOUN
ftr-323	562	11	.	.	PUNCT
ftr-323	563	1	426	426	NUM
ftr-323	563	2	florida	florida	PROPN
ftr-323	563	3	tax	tax	PROPN
ftr-323	563	4	review	review	NOUN
ftr-323	563	5	[	[	X
ftr-323	563	6	vol	vol	NOUN
ftr-323	563	7	.	.	PUNCT
ftr-323	563	8	13:8	13:8	NUM
ftr-323	563	9	or	or	CCONJ
ftr-323	563	10	a	a	DET
ftr-323	563	11	dividend	dividend	NOUN
ftr-323	563	12	withholding	withholding	NOUN
ftr-323	563	13	tax	tax	NOUN
ftr-323	563	14	.	.	PUNCT
ftr-323	564	1	we	we	PRON
ftr-323	564	2	have	have	AUX
ftr-323	564	3	argued	argue	VERB
ftr-323	564	4	that	that	SCONJ
ftr-323	564	5	dividends	dividend	NOUN
ftr-323	564	6	from	from	ADP
ftr-323	564	7	fs	f	NOUN
ftr-323	564	8	to	to	ADP
ftr-323	564	9	usco	usco	NOUN
ftr-323	564	10	should	should	AUX
ftr-323	564	11	not	not	PART
ftr-323	564	12	qualify	qualify	VERB
ftr-323	564	13	for	for	ADP
ftr-323	564	14	a	a	DET
ftr-323	564	15	u.s	u.s	PROPN
ftr-323	564	16	.	.	PROPN
ftr-323	564	17	exemption	exemption	NOUN
ftr-323	564	18	because	because	SCONJ
ftr-323	564	19	they	they	PRON
ftr-323	564	20	are	be	AUX
ftr-323	564	21	not	not	PART
ftr-323	564	22	paid	pay	VERB
ftr-323	564	23	out	out	ADP
ftr-323	564	24	of	of	ADP
ftr-323	564	25	income	income	NOUN
ftr-323	564	26	that	that	PRON
ftr-323	564	27	has	have	AUX
ftr-323	564	28	incurred	incur	VERB
ftr-323	564	29	a	a	DET
ftr-323	564	30	meaningful	meaningful	ADJ
ftr-323	564	31	foreign	foreign	ADJ
ftr-323	564	32	tax	tax	NOUN
ftr-323	564	33	.	.	PUNCT
ftr-323	565	1	conversely	conversely	ADV
ftr-323	565	2	,	,	PUNCT
ftr-323	565	3	the	the	DET
ftr-323	565	4	fs	fs	ADJ
ftr-323	565	5	dividends	dividend	NOUN
ftr-323	565	6	should	should	AUX
ftr-323	565	7	be	be	AUX
ftr-323	565	8	exempt	exempt	ADJ
ftr-323	565	9	if	if	SCONJ
ftr-323	565	10	the	the	DET
ftr-323	565	11	fs	fs	PROPN
ftr-323	565	12	business	business	NOUN
ftr-323	565	13	income	income	NOUN
ftr-323	565	14	incurred	incur	VERB
ftr-323	565	15	a	a	DET
ftr-323	565	16	meaningful	meaningful	ADJ
ftr-323	565	17	foreign	foreign	ADJ
ftr-323	565	18	tax	tax	NOUN
ftr-323	565	19	.	.	PUNCT
ftr-323	566	1	should	should	AUX
ftr-323	566	2	that	that	DET
ftr-323	566	3	conclusion	conclusion	NOUN
ftr-323	566	4	be	be	AUX
ftr-323	566	5	any	any	ADV
ftr-323	566	6	different	different	ADJ
ftr-323	566	7	if	if	SCONJ
ftr-323	566	8	the	the	DET
ftr-323	566	9	lowtaxia	lowtaxia	ADJ
ftr-323	566	10	active	active	ADJ
ftr-323	566	11	business	business	NOUN
ftr-323	566	12	is	be	AUX
ftr-323	566	13	conducted	conduct	VERB
ftr-323	566	14	by	by	ADP
ftr-323	566	15	fs	f	NOUN
ftr-323	566	16	’s	’s	PART
ftr-323	566	17	wholly	wholly	ADV
ftr-323	566	18	owned	own	VERB
ftr-323	566	19	lowtaxia	lowtaxia	ADJ
ftr-323	566	20	subsidiary	subsidiary	NOUN
ftr-323	566	21	,	,	PUNCT
ftr-323	566	22	fs2	fs2	PROPN
ftr-323	566	23	,	,	PUNCT
ftr-323	566	24	and	and	CCONJ
ftr-323	566	25	fs	fs	PROPN
ftr-323	566	26	’s	’s	PART
ftr-323	566	27	income	income	NOUN
ftr-323	566	28	consists	consist	VERB
ftr-323	566	29	of	of	ADP
ftr-323	566	30	dividends	dividend	NOUN
ftr-323	566	31	from	from	ADP
ftr-323	566	32	fs2	fs2	PROPN
ftr-323	566	33	?	?	PUNCT
ftr-323	567	1	clearly	clearly	ADV
ftr-323	567	2	not	not	PART
ftr-323	567	3	.	.	PUNCT
ftr-323	568	1	a	a	DET
ftr-323	568	2	u.s	u.s	PROPN
ftr-323	568	3	.	.	PROPN
ftr-323	568	4	exemption	exemption	NOUN
ftr-323	568	5	system	system	NOUN
ftr-323	568	6	should	should	AUX
ftr-323	568	7	effectively	effectively	ADV
ftr-323	568	8	look	look	VERB
ftr-323	568	9	through	through	ADP
ftr-323	568	10	the	the	DET
ftr-323	568	11	dividends	dividend	NOUN
ftr-323	568	12	received	receive	VERB
ftr-323	568	13	by	by	ADP
ftr-323	568	14	usco	usco	PROPN
ftr-323	568	15	from	from	ADP
ftr-323	568	16	fs	f	NOUN
ftr-323	568	17	to	to	ADP
ftr-323	568	18	their	their	PRON
ftr-323	568	19	ultimate	ultimate	ADJ
ftr-323	568	20	source	source	NOUN
ftr-323	568	21	and	and	CCONJ
ftr-323	568	22	should	should	AUX
ftr-323	568	23	allow	allow	VERB
ftr-323	568	24	an	an	DET
ftr-323	568	25	exemption	exemption	NOUN
ftr-323	568	26	to	to	ADP
ftr-323	568	27	the	the	DET
ftr-323	568	28	extent	extent	NOUN
ftr-323	568	29	that	that	SCONJ
ftr-323	568	30	a	a	DET
ftr-323	568	31	meaningful	meaningful	ADJ
ftr-323	568	32	foreign	foreign	ADJ
ftr-323	568	33	tax	tax	NOUN
ftr-323	568	34	was	be	AUX
ftr-323	568	35	borne	bear	VERB
ftr-323	568	36	as	as	SCONJ
ftr-323	568	37	the	the	DET
ftr-323	568	38	income	income	NOUN
ftr-323	568	39	travelled	travel	VERB
ftr-323	568	40	through	through	ADP
ftr-323	568	41	one	one	NUM
ftr-323	568	42	or	or	CCONJ
ftr-323	568	43	more	more	ADJ
ftr-323	568	44	corporate	corporate	ADJ
ftr-323	568	45	layers	layer	NOUN
ftr-323	568	46	to	to	PART
ftr-323	568	47	usco.98	usco.98	VERB
ftr-323	568	48	a	a	DET
ftr-323	568	49	practical	practical	ADJ
ftr-323	568	50	way	way	NOUN
ftr-323	568	51	to	to	PART
ftr-323	568	52	achieve	achieve	VERB
ftr-323	568	53	this	this	DET
ftr-323	568	54	end	end	NOUN
ftr-323	568	55	is	be	AUX
ftr-323	568	56	to	to	PART
ftr-323	568	57	treat	treat	VERB
ftr-323	568	58	any	any	DET
ftr-323	568	59	low	low	ADV
ftr-323	568	60	-	-	PUNCT
ftr-323	568	61	taxed	tax	VERB
ftr-323	568	62	income	income	NOUN
ftr-323	568	63	of	of	ADP
ftr-323	568	64	fs2	fs2	PROPN
ftr-323	568	65	as	as	ADP
ftr-323	568	66	subpart	subpart	NOUN
ftr-323	568	67	f	f	PROPN
ftr-323	568	68	income	income	NOUN
ftr-323	568	69	,	,	PUNCT
ftr-323	568	70	apply	apply	VERB
ftr-323	568	71	the	the	DET
ftr-323	568	72	hopscotch	hopscotch	NOUN
ftr-323	568	73	rules	rule	NOUN
ftr-323	568	74	in	in	ADP
ftr-323	568	75	sections	section	NOUN
ftr-323	568	76	951(a)(1	951(a)(1	NUM
ftr-323	568	77	)	)	PUNCT
ftr-323	568	78	and	and	CCONJ
ftr-323	568	79	958(a)(2	958(a)(2	NUM
ftr-323	568	80	)	)	PUNCT
ftr-323	568	81	,	,	PUNCT
ftr-323	568	82	and	and	CCONJ
ftr-323	568	83	exempt	exempt	VERB
ftr-323	568	84	the	the	DET
ftr-323	568	85	dividend	dividend	NOUN
ftr-323	568	86	distributions	distribution	NOUN
ftr-323	568	87	of	of	ADP
ftr-323	568	88	fs2	fs2	PROPN
ftr-323	568	89	’s	’s	PART
ftr-323	568	90	previously	previously	ADV
ftr-323	568	91	taxed	tax	VERB
ftr-323	568	92	earnings.99	earnings.99	NOUN
ftr-323	568	93	2	2	X
ftr-323	568	94	.	.	PUNCT
ftr-323	568	95	passive	passive	ADJ
ftr-323	568	96	income	income	NOUN
ftr-323	568	97	the	the	DET
ftr-323	568	98	preceding	precede	VERB
ftr-323	568	99	sections	section	NOUN
ftr-323	568	100	have	have	AUX
ftr-323	568	101	dealt	deal	VERB
ftr-323	568	102	with	with	ADP
ftr-323	568	103	structuring	structure	VERB
ftr-323	568	104	a	a	DET
ftr-323	568	105	u.s	u.s	PROPN
ftr-323	568	106	.	.	PROPN
ftr-323	568	107	tax	tax	NOUN
ftr-323	568	108	exemption	exemption	NOUN
ftr-323	568	109	for	for	ADP
ftr-323	568	110	dividends	dividend	NOUN
ftr-323	568	111	paid	pay	VERB
ftr-323	568	112	out	out	ADP
ftr-323	568	113	of	of	ADP
ftr-323	568	114	the	the	DET
ftr-323	568	115	foreign	foreign	ADJ
ftr-323	568	116	active	active	ADJ
ftr-323	568	117	business	business	NOUN
ftr-323	568	118	income	income	NOUN
ftr-323	568	119	of	of	ADP
ftr-323	568	120	a	a	DET
ftr-323	568	121	foreign	foreign	ADJ
ftr-323	568	122	subsidiary	subsidiary	NOUN
ftr-323	568	123	.	.	PUNCT
ftr-323	569	1	we	we	PRON
ftr-323	569	2	have	have	AUX
ftr-323	569	3	argued	argue	VERB
ftr-323	569	4	that	that	SCONJ
ftr-323	569	5	the	the	DET
ftr-323	569	6	exemption	exemption	NOUN
ftr-323	569	7	should	should	AUX
ftr-323	569	8	not	not	PART
ftr-323	569	9	be	be	AUX
ftr-323	569	10	available	available	ADJ
ftr-323	569	11	unless	unless	SCONJ
ftr-323	569	12	the	the	DET
ftr-323	569	13	active	active	ADJ
ftr-323	569	14	business	business	NOUN
ftr-323	569	15	income	income	NOUN
ftr-323	569	16	has	have	AUX
ftr-323	569	17	borne	bear	VERB
ftr-323	569	18	a	a	DET
ftr-323	569	19	meaningful	meaningful	ADJ
ftr-323	569	20	foreign	foreign	ADJ
ftr-323	569	21	tax	tax	NOUN
ftr-323	569	22	.	.	PUNCT
ftr-323	570	1	perhaps	perhaps	ADV
ftr-323	570	2	surprisingly	surprisingly	ADV
ftr-323	570	3	,	,	PUNCT
ftr-323	570	4	however	however	ADV
ftr-323	570	5	,	,	PUNCT
ftr-323	570	6	it	it	PRON
ftr-323	570	7	seems	seem	VERB
ftr-323	570	8	that	that	SCONJ
ftr-323	570	9	passive	passive	ADJ
ftr-323	570	10	income	income	NOUN
ftr-323	570	11	should	should	AUX
ftr-323	570	12	never	never	ADV
ftr-323	570	13	be	be	AUX
ftr-323	570	14	exempt	exempt	ADJ
ftr-323	570	15	even	even	ADV
ftr-323	570	16	if	if	SCONJ
ftr-323	570	17	it	it	PRON
ftr-323	570	18	has	have	AUX
ftr-323	570	19	been	be	AUX
ftr-323	570	20	subject	subject	ADJ
ftr-323	570	21	to	to	ADP
ftr-323	570	22	a	a	DET
ftr-323	570	23	substantial	substantial	ADJ
ftr-323	570	24	foreign	foreign	ADJ
ftr-323	570	25	tax	tax	NOUN
ftr-323	570	26	.	.	PUNCT
ftr-323	571	1	the	the	DET
ftr-323	571	2	common	common	ADJ
ftr-323	571	3	explanation	explanation	NOUN
ftr-323	571	4	for	for	ADP
ftr-323	571	5	this	this	DET
ftr-323	571	6	apparent	apparent	ADJ
ftr-323	571	7	incongruity	incongruity	NOUN
ftr-323	571	8	is	be	AUX
ftr-323	571	9	that	that	SCONJ
ftr-323	571	10	the	the	DET
ftr-323	571	11	capital	capital	NOUN
ftr-323	571	12	that	that	PRON
ftr-323	571	13	produces	produce	VERB
ftr-323	571	14	passive	passive	ADJ
ftr-323	571	15	income	income	NOUN
ftr-323	571	16	is	be	AUX
ftr-323	571	17	so	so	ADV
ftr-323	571	18	highly	highly	ADV
ftr-323	571	19	mobile	mobile	ADJ
ftr-323	571	20	and	and	CCONJ
ftr-323	571	21	so	so	ADV
ftr-323	571	22	independent	independent	ADJ
ftr-323	571	23	of	of	ADP
ftr-323	571	24	particular	particular	ADJ
ftr-323	571	25	markets	market	NOUN
ftr-323	571	26	and	and	CCONJ
ftr-323	571	27	national	national	ADJ
ftr-323	571	28	economies	economy	NOUN
ftr-323	571	29	that	that	PRON
ftr-323	571	30	it	it	PRON
ftr-323	571	31	can	can	AUX
ftr-323	571	32	be	be	AUX
ftr-323	571	33	shifted	shift	VERB
ftr-323	571	34	to	to	ADP
ftr-323	571	35	low	low	ADJ
ftr-323	571	36	-	-	PUNCT
ftr-323	571	37	tax	tax	NOUN
ftr-323	571	38	jurisdictions	jurisdiction	NOUN
ftr-323	571	39	much	much	ADV
ftr-323	571	40	more	more	ADV
ftr-323	571	41	easily	easily	ADV
ftr-323	571	42	than	than	ADP
ftr-323	571	43	the	the	DET
ftr-323	571	44	capital	capital	NOUN
ftr-323	571	45	that	that	PRON
ftr-323	571	46	yields	yield	VERB
ftr-323	571	47	active	active	ADJ
ftr-323	571	48	business	business	NOUN
ftr-323	571	49	income.100	income.100	NOUN
ftr-323	571	50	accordingly	accordingly	ADV
ftr-323	571	51	,	,	PUNCT
ftr-323	571	52	if	if	SCONJ
ftr-323	571	53	exempt	exempt	ADJ
ftr-323	571	54	dividends	dividend	NOUN
ftr-323	571	55	could	could	AUX
ftr-323	571	56	be	be	AUX
ftr-323	571	57	paid	pay	VERB
ftr-323	571	58	out	out	ADP
ftr-323	571	59	of	of	ADP
ftr-323	571	60	a	a	DET
ftr-323	571	61	foreign	foreign	ADJ
ftr-323	571	62	subsidiary	subsidiary	NOUN
ftr-323	571	63	’s	’s	PART
ftr-323	571	64	passive	passive	ADJ
ftr-323	571	65	income	income	NOUN
ftr-323	571	66	,	,	PUNCT
ftr-323	571	67	there	there	PRON
ftr-323	571	68	would	would	AUX
ftr-323	571	69	be	be	AUX
ftr-323	571	70	a	a	DET
ftr-323	571	71	massive	massive	ADJ
ftr-323	571	72	migration	migration	NOUN
ftr-323	571	73	of	of	ADP
ftr-323	571	74	passive	passive	ADJ
ftr-323	571	75	income	income	NOUN
ftr-323	571	76	-	-	PUNCT
ftr-323	571	77	producing	produce	VERB
ftr-323	571	78	capital	capital	NOUN
ftr-323	571	79	to	to	ADP
ftr-323	571	80	low	low	ADJ
ftr-323	571	81	-	-	PUNCT
ftr-323	571	82	tax	tax	NOUN
ftr-323	571	83	jurisdictions	jurisdiction	NOUN
ftr-323	571	84	that	that	PRON
ftr-323	571	85	would	would	AUX
ftr-323	571	86	dwarf	dwarf	VERB
ftr-323	571	87	the	the	DET
ftr-323	571	88	similar	similar	ADJ
ftr-323	571	89	taxpayer	taxpayer	NOUN
ftr-323	571	90	behavior	behavior	NOUN
ftr-323	571	91	regarding	regard	VERB
ftr-323	571	92	the	the	DET
ftr-323	571	93	transfer	transfer	NOUN
ftr-323	571	94	of	of	ADP
ftr-323	571	95	active	active	ADJ
ftr-323	571	96	business	business	NOUN
ftr-323	571	97	capital	capital	NOUN
ftr-323	571	98	to	to	ADP
ftr-323	571	99	low	low	ADJ
ftr-323	571	100	-	-	PUNCT
ftr-323	571	101	tax	tax	NOUN
ftr-323	571	102	jurisdictions	jurisdiction	NOUN
ftr-323	571	103	like	like	ADP
ftr-323	571	104	ireland.101	ireland.101	PROPN
ftr-323	571	105	thus	thus	ADV
ftr-323	571	106	,	,	PUNCT
ftr-323	571	107	so	so	ADV
ftr-323	571	108	the	the	DET
ftr-323	571	109	argument	argument	NOUN
ftr-323	571	110	goes	go	VERB
ftr-323	571	111	,	,	PUNCT
ftr-323	571	112	it	it	PRON
ftr-323	571	113	is	be	AUX
ftr-323	571	114	all	all	DET
ftr-323	571	115	a	a	DET
ftr-323	571	116	98	98	NUM
ftr-323	571	117	.	.	PUNCT
ftr-323	572	1	see	see	VERB
ftr-323	572	2	staff	staff	NOUN
ftr-323	572	3	of	of	ADP
ftr-323	572	4	joint	joint	ADJ
ftr-323	572	5	comm	comm	NOUN
ftr-323	572	6	.	.	PUNCT
ftr-323	573	1	,	,	PUNCT
ftr-323	573	2	options	option	NOUN
ftr-323	573	3	,	,	PUNCT
ftr-323	573	4	supra	supra	PROPN
ftr-323	573	5	note	note	NOUN
ftr-323	573	6	41	41	NUM
ftr-323	573	7	,	,	PUNCT
ftr-323	573	8	at	at	ADP
ftr-323	573	9	190	190	NUM
ftr-323	573	10	.	.	PUNCT
ftr-323	574	1	99	99	NUM
ftr-323	574	2	.	.	PUNCT
ftr-323	575	1	see	see	VERB
ftr-323	575	2	gustafson	gustafson	PROPN
ftr-323	575	3	,	,	PUNCT
ftr-323	575	4	peroni	peroni	PROPN
ftr-323	575	5	&	&	CCONJ
ftr-323	575	6	pugh	pugh	PROPN
ftr-323	575	7	,	,	PUNCT
ftr-323	575	8	taxation	taxation	NOUN
ftr-323	575	9	of	of	ADP
ftr-323	575	10	international	international	ADJ
ftr-323	575	11	transactions	transaction	NOUN
ftr-323	575	12	,	,	PUNCT
ftr-323	575	13	supra	supra	PROPN
ftr-323	575	14	note	note	NOUN
ftr-323	575	15	10	10	NUM
ftr-323	575	16	,	,	PUNCT
ftr-323	575	17	at	at	ADP
ftr-323	575	18	530–31	530–31	NUM
ftr-323	575	19	.	.	PUNCT
ftr-323	576	1	this	this	DET
ftr-323	576	2	mechanism	mechanism	NOUN
ftr-323	576	3	would	would	AUX
ftr-323	576	4	address	address	VERB
ftr-323	576	5	the	the	DET
ftr-323	576	6	issue	issue	NOUN
ftr-323	576	7	identified	identify	VERB
ftr-323	576	8	earlier	early	ADV
ftr-323	576	9	in	in	ADP
ftr-323	576	10	this	this	DET
ftr-323	576	11	article	article	NOUN
ftr-323	576	12	.	.	PUNCT
ftr-323	577	1	see	see	VERB
ftr-323	577	2	supra	supra	PROPN
ftr-323	577	3	note	note	PROPN
ftr-323	577	4	97	97	NUM
ftr-323	577	5	.	.	NOUN
ftr-323	577	6	100	100	NUM
ftr-323	577	7	.	.	PUNCT
ftr-323	578	1	see	see	VERB
ftr-323	578	2	,	,	PUNCT
ftr-323	578	3	e.g.	e.g.	ADV
ftr-323	578	4	,	,	PUNCT
ftr-323	578	5	staff	staff	NOUN
ftr-323	578	6	of	of	ADP
ftr-323	578	7	joint	joint	ADJ
ftr-323	578	8	comm	comm	NOUN
ftr-323	578	9	.	.	PUNCT
ftr-323	578	10	,	,	PUNCT
ftr-323	578	11	impact	impact	NOUN
ftr-323	578	12	of	of	ADP
ftr-323	578	13	international	international	ADJ
ftr-323	578	14	tax	tax	NOUN
ftr-323	578	15	reform	reform	NOUN
ftr-323	578	16	,	,	PUNCT
ftr-323	578	17	supra	supra	PROPN
ftr-323	578	18	note	note	PROPN
ftr-323	578	19	17	17	NUM
ftr-323	578	20	,	,	PUNCT
ftr-323	578	21	at	at	ADP
ftr-323	578	22	4–5	4–5	PROPN
ftr-323	578	23	;	;	PUNCT
ftr-323	578	24	u.s	u.s	PROPN
ftr-323	578	25	.	.	PROPN
ftr-323	578	26	treas	treas	PROPN
ftr-323	578	27	.	.	PUNCT
ftr-323	579	1	dep’t	dep’t	PROPN
ftr-323	579	2	,	,	PUNCT
ftr-323	579	3	interim	interim	PROPN
ftr-323	579	4	rep	rep	PROPN
ftr-323	579	5	.	.	PROPN
ftr-323	579	6	,	,	PUNCT
ftr-323	579	7	supra	supra	PROPN
ftr-323	579	8	note	note	VERB
ftr-323	579	9	50	50	NUM
ftr-323	579	10	,	,	PUNCT
ftr-323	579	11	at	at	ADP
ftr-323	579	12	41–42	41–42	NUM
ftr-323	579	13	;	;	PUNCT
ftr-323	579	14	ault	ault	PROPN
ftr-323	579	15	&	&	CCONJ
ftr-323	579	16	arnold	arnold	PROPN
ftr-323	579	17	,	,	PUNCT
ftr-323	579	18	comparative	comparative	ADJ
ftr-323	579	19	taxation	taxation	NOUN
ftr-323	579	20	,	,	PUNCT
ftr-323	579	21	supra	supra	PROPN
ftr-323	579	22	note	note	VERB
ftr-323	579	23	50	50	NUM
ftr-323	579	24	,	,	PUNCT
ftr-323	579	25	at	at	ADP
ftr-323	579	26	475	475	NUM
ftr-323	579	27	;	;	PUNCT
ftr-323	579	28	graetz	graetz	PROPN
ftr-323	579	29	&	&	CCONJ
ftr-323	579	30	oosterhuis	oosterhuis	PROPN
ftr-323	579	31	,	,	PUNCT
ftr-323	579	32	structuring	structure	VERB
ftr-323	579	33	an	an	DET
ftr-323	579	34	exemption	exemption	NOUN
ftr-323	579	35	system	system	NOUN
ftr-323	579	36	,	,	PUNCT
ftr-323	579	37	supra	supra	PROPN
ftr-323	579	38	note	note	NOUN
ftr-323	579	39	50	50	NUM
ftr-323	579	40	,	,	PUNCT
ftr-323	579	41	at	at	ADP
ftr-323	579	42	774–75	774–75	NUM
ftr-323	579	43	;	;	PUNCT
ftr-323	580	1	michael	michael	PROPN
ftr-323	580	2	s.	s.	PROPN
ftr-323	580	3	knoll	knoll	PROPN
ftr-323	580	4	,	,	PUNCT
ftr-323	580	5	the	the	DET
ftr-323	580	6	corporate	corporate	ADJ
ftr-323	580	7	income	income	NOUN
ftr-323	580	8	tax	tax	NOUN
ftr-323	580	9	and	and	CCONJ
ftr-323	580	10	the	the	DET
ftr-323	580	11	competitiveness	competitiveness	NOUN
ftr-323	580	12	of	of	ADP
ftr-323	580	13	u.s	u.s	PROPN
ftr-323	580	14	.	.	PROPN
ftr-323	580	15	industries	industry	NOUN
ftr-323	580	16	,	,	PUNCT
ftr-323	580	17	63	63	NUM
ftr-323	580	18	tax	tax	NOUN
ftr-323	580	19	l.	l.	PROPN
ftr-323	580	20	rev	rev	PROPN
ftr-323	580	21	.	.	PROPN
ftr-323	580	22	771	771	NUM
ftr-323	580	23	,	,	PUNCT
ftr-323	580	24	783	783	NUM
ftr-323	580	25	n.49	n.49	ADP
ftr-323	580	26	(	(	PUNCT
ftr-323	580	27	2010	2010	NUM
ftr-323	580	28	)	)	PUNCT
ftr-323	580	29	.	.	PUNCT
ftr-323	581	1	101	101	NUM
ftr-323	581	2	.	.	PUNCT
ftr-323	582	1	see	see	VERB
ftr-323	582	2	supra	supra	PROPN
ftr-323	582	3	note	note	PROPN
ftr-323	582	4	100	100	NUM
ftr-323	582	5	.	.	PUNCT
ftr-323	583	1	2012	2012	NUM
ftr-323	583	2	]	]	PUNCT
ftr-323	583	3	exemption	exemption	NOUN
ftr-323	583	4	when	when	SCONJ
ftr-323	583	5	the	the	DET
ftr-323	583	6	treasury	treasury	NOUN
ftr-323	583	7	is	be	AUX
ftr-323	583	8	empty	empty	ADJ
ftr-323	583	9	427	427	NUM
ftr-323	583	10	matter	matter	NOUN
ftr-323	583	11	of	of	ADP
ftr-323	583	12	degree	degree	NOUN
ftr-323	583	13	,	,	PUNCT
ftr-323	583	14	and	and	CCONJ
ftr-323	583	15	the	the	DET
ftr-323	583	16	source	source	NOUN
ftr-323	583	17	of	of	ADP
ftr-323	583	18	exempt	exempt	ADJ
ftr-323	583	19	dividends	dividend	NOUN
ftr-323	583	20	must	must	AUX
ftr-323	583	21	be	be	AUX
ftr-323	583	22	limited	limit	VERB
ftr-323	583	23	to	to	ADP
ftr-323	583	24	active	active	ADJ
ftr-323	583	25	business	business	NOUN
ftr-323	583	26	income	income	NOUN
ftr-323	583	27	.	.	PUNCT
ftr-323	584	1	regardless	regardless	ADV
ftr-323	584	2	of	of	ADP
ftr-323	584	3	whether	whether	SCONJ
ftr-323	584	4	one	one	NOUN
ftr-323	584	5	is	be	AUX
ftr-323	584	6	impressed	impress	VERB
ftr-323	584	7	by	by	ADP
ftr-323	584	8	the	the	DET
ftr-323	584	9	dubious	dubious	ADJ
ftr-323	584	10	logical	logical	ADJ
ftr-323	584	11	force	force	NOUN
ftr-323	584	12	of	of	ADP
ftr-323	584	13	this	this	DET
ftr-323	584	14	argument	argument	NOUN
ftr-323	584	15	,	,	PUNCT
ftr-323	584	16	the	the	DET
ftr-323	584	17	major	major	ADJ
ftr-323	584	18	commercial	commercial	ADJ
ftr-323	584	19	nations	nation	NOUN
ftr-323	584	20	that	that	PRON
ftr-323	584	21	employ	employ	VERB
ftr-323	584	22	territorial	territorial	ADJ
ftr-323	584	23	systems	system	NOUN
ftr-323	584	24	are	be	AUX
ftr-323	584	25	overwhelmingly	overwhelmingly	ADV
ftr-323	584	26	united	unite	VERB
ftr-323	584	27	in	in	ADP
ftr-323	584	28	excluding	exclude	VERB
ftr-323	584	29	passive	passive	ADJ
ftr-323	584	30	income	income	NOUN
ftr-323	584	31	as	as	ADP
ftr-323	584	32	a	a	DET
ftr-323	584	33	source	source	NOUN
ftr-323	584	34	of	of	ADP
ftr-323	584	35	exempt	exempt	ADJ
ftr-323	584	36	dividends.102	dividends.102	PRON
ftr-323	584	37	thus	thus	ADV
ftr-323	584	38	,	,	PUNCT
ftr-323	584	39	as	as	SCONJ
ftr-323	584	40	two	two	NUM
ftr-323	584	41	of	of	ADP
ftr-323	584	42	us	we	PRON
ftr-323	584	43	said	say	VERB
ftr-323	584	44	in	in	ADP
ftr-323	584	45	an	an	DET
ftr-323	584	46	earlier	early	ADJ
ftr-323	584	47	article	article	NOUN
ftr-323	584	48	,	,	PUNCT
ftr-323	584	49	“	"	PUNCT
ftr-323	584	50	[	[	X
ftr-323	584	51	b]ecause	b]ecause	SCONJ
ftr-323	584	52	the	the	DET
ftr-323	584	53	principal	principal	ADJ
ftr-323	584	54	argument	argument	NOUN
ftr-323	584	55	in	in	ADP
ftr-323	584	56	favor	favor	NOUN
ftr-323	584	57	of	of	ADP
ftr-323	584	58	a	a	DET
ftr-323	584	59	u.s	u.s	PROPN
ftr-323	584	60	.	.	PROPN
ftr-323	584	61	exemption	exemption	NOUN
ftr-323	584	62	regime	regime	NOUN
ftr-323	584	63	[	[	X
ftr-323	584	64	in	in	ADP
ftr-323	584	65	comparison	comparison	NOUN
ftr-323	584	66	to	to	ADP
ftr-323	584	67	a	a	DET
ftr-323	584	68	worldwide	worldwide	ADJ
ftr-323	584	69	taxation	taxation	NOUN
ftr-323	584	70	system	system	NOUN
ftr-323	584	71	]	]	PUNCT
ftr-323	584	72	is	be	AUX
ftr-323	584	73	to	to	PART
ftr-323	584	74	make	make	VERB
ftr-323	584	75	u.s	u.s	PROPN
ftr-323	584	76	.	.	PROPN
ftr-323	584	77	multinationals	multinational	NOUN
ftr-323	584	78	more	more	ADV
ftr-323	584	79	competitive	competitive	ADJ
ftr-323	584	80	with	with	ADP
ftr-323	584	81	exemption	exemption	NOUN
ftr-323	584	82	country	country	NOUN
ftr-323	584	83	multinationals	multinational	NOUN
ftr-323	584	84	in	in	ADP
ftr-323	584	85	the	the	DET
ftr-323	584	86	markets	market	NOUN
ftr-323	584	87	of	of	ADP
ftr-323	584	88	low	low	ADJ
ftr-323	584	89	-	-	PUNCT
ftr-323	584	90	tax	tax	NOUN
ftr-323	584	91	foreign	foreign	ADJ
ftr-323	584	92	countries	country	NOUN
ftr-323	584	93	,	,	PUNCT
ftr-323	584	94	there	there	PRON
ftr-323	584	95	is	be	VERB
ftr-323	584	96	no	no	DET
ftr-323	584	97	need	need	NOUN
ftr-323	584	98	for	for	SCONJ
ftr-323	584	99	the	the	DET
ftr-323	584	100	united	united	PROPN
ftr-323	584	101	states	states	PROPN
ftr-323	584	102	to	to	PART
ftr-323	584	103	outdo	outdo	VERB
ftr-323	584	104	the	the	DET
ftr-323	584	105	competition	competition	NOUN
ftr-323	584	106	by	by	ADP
ftr-323	584	107	exceeding	exceed	VERB
ftr-323	584	108	the	the	DET
ftr-323	584	109	generosity	generosity	NOUN
ftr-323	584	110	of	of	ADP
ftr-323	584	111	other	other	ADJ
ftr-323	584	112	exemption	exemption	NOUN
ftr-323	584	113	countries	country	NOUN
ftr-323	584	114	.	.	PUNCT
ftr-323	584	115	”103	”103	PUNCT
ftr-323	585	1	if	if	SCONJ
ftr-323	585	2	a	a	DET
ftr-323	585	3	u.s	u.s	PROPN
ftr-323	585	4	.	.	PROPN
ftr-323	585	5	exemption	exemption	NOUN
ftr-323	585	6	system	system	NOUN
ftr-323	585	7	provided	provide	VERB
ftr-323	585	8	a	a	DET
ftr-323	585	9	tax	tax	NOUN
ftr-323	585	10	exemption	exemption	NOUN
ftr-323	585	11	for	for	ADP
ftr-323	585	12	foreign	foreign	ADJ
ftr-323	585	13	-	-	PUNCT
ftr-323	585	14	source	source	NOUN
ftr-323	585	15	passive	passive	ADJ
ftr-323	585	16	income	income	NOUN
ftr-323	585	17	,	,	PUNCT
ftr-323	585	18	it	it	PRON
ftr-323	585	19	would	would	AUX
ftr-323	585	20	be	be	AUX
ftr-323	585	21	giving	give	VERB
ftr-323	585	22	away	away	ADP
ftr-323	585	23	revenue	revenue	NOUN
ftr-323	585	24	that	that	SCONJ
ftr-323	585	25	no	no	DET
ftr-323	585	26	other	other	ADJ
ftr-323	585	27	significant	significant	ADJ
ftr-323	585	28	exemption	exemption	NOUN
ftr-323	585	29	system	system	NOUN
ftr-323	585	30	country	country	NOUN
ftr-323	585	31	has	have	AUX
ftr-323	585	32	chosen	choose	VERB
ftr-323	585	33	to	to	PART
ftr-323	585	34	surrender	surrender	VERB
ftr-323	585	35	,	,	PUNCT
ftr-323	585	36	which	which	PRON
ftr-323	585	37	would	would	AUX
ftr-323	585	38	be	be	AUX
ftr-323	585	39	particularly	particularly	ADV
ftr-323	585	40	objectionable	objectionable	ADJ
ftr-323	585	41	in	in	ADP
ftr-323	585	42	the	the	DET
ftr-323	585	43	context	context	NOUN
ftr-323	585	44	of	of	ADP
ftr-323	585	45	the	the	DET
ftr-323	585	46	current	current	ADJ
ftr-323	585	47	u.s	u.s	PROPN
ftr-323	585	48	.	.	PROPN
ftr-323	585	49	fiscal	fiscal	ADJ
ftr-323	585	50	situation	situation	NOUN
ftr-323	585	51	.	.	PUNCT
ftr-323	586	1	passive	passive	ADJ
ftr-323	586	2	income	income	NOUN
ftr-323	586	3	should	should	AUX
ftr-323	586	4	not	not	PART
ftr-323	586	5	qualify	qualify	VERB
ftr-323	586	6	as	as	ADP
ftr-323	586	7	a	a	DET
ftr-323	586	8	source	source	NOUN
ftr-323	586	9	for	for	ADP
ftr-323	586	10	exempt	exempt	ADJ
ftr-323	586	11	dividends	dividend	NOUN
ftr-323	586	12	and	and	CCONJ
ftr-323	586	13	should	should	AUX
ftr-323	586	14	continue	continue	VERB
ftr-323	586	15	to	to	PART
ftr-323	586	16	be	be	AUX
ftr-323	586	17	treated	treat	VERB
ftr-323	586	18	as	as	ADP
ftr-323	586	19	currently	currently	ADV
ftr-323	586	20	taxable	taxable	ADJ
ftr-323	586	21	subpart	subpart	NOUN
ftr-323	586	22	f	f	PROPN
ftr-323	586	23	income	income	NOUN
ftr-323	586	24	.	.	PUNCT
ftr-323	587	1	the	the	DET
ftr-323	587	2	preceding	precede	VERB
ftr-323	587	3	analysis	analysis	NOUN
ftr-323	587	4	means	mean	VERB
ftr-323	587	5	that	that	SCONJ
ftr-323	587	6	a	a	DET
ftr-323	587	7	u.s	u.s	PROPN
ftr-323	587	8	.	.	PROPN
ftr-323	587	9	exemption	exemption	NOUN
ftr-323	587	10	system	system	NOUN
ftr-323	587	11	must	must	AUX
ftr-323	587	12	make	make	VERB
ftr-323	587	13	a	a	DET
ftr-323	587	14	distinction	distinction	NOUN
ftr-323	587	15	between	between	ADP
ftr-323	587	16	active	active	ADJ
ftr-323	587	17	and	and	CCONJ
ftr-323	587	18	passive	passive	ADJ
ftr-323	587	19	income	income	NOUN
ftr-323	587	20	and	and	CCONJ
ftr-323	587	21	provide	provide	VERB
ftr-323	587	22	rules	rule	NOUN
ftr-323	587	23	for	for	ADP
ftr-323	587	24	currently	currently	ADV
ftr-323	587	25	taxing	tax	VERB
ftr-323	587	26	the	the	DET
ftr-323	587	27	latter	latter	ADJ
ftr-323	587	28	.	.	PUNCT
ftr-323	588	1	both	both	CCONJ
ftr-323	588	2	the	the	DET
ftr-323	588	3	2005	2005	NUM
ftr-323	588	4	joint	joint	ADJ
ftr-323	588	5	committee	committee	NOUN
ftr-323	588	6	staff	staff	NOUN
ftr-323	588	7	exemption	exemption	NOUN
ftr-323	588	8	proposal	proposal	NOUN
ftr-323	588	9	and	and	CCONJ
ftr-323	588	10	the	the	DET
ftr-323	588	11	2011	2011	NUM
ftr-323	588	12	ways	way	NOUN
ftr-323	588	13	and	and	CCONJ
ftr-323	588	14	means	mean	VERB
ftr-323	588	15	discussion	discussion	NOUN
ftr-323	588	16	draft	draft	NOUN
ftr-323	588	17	exemption	exemption	NOUN
ftr-323	588	18	proposal	proposal	NOUN
ftr-323	588	19	use	use	VERB
ftr-323	588	20	the	the	DET
ftr-323	588	21	subpart	subpart	NOUN
ftr-323	588	22	f	f	PROPN
ftr-323	588	23	income	income	NOUN
ftr-323	588	24	definition	definition	NOUN
ftr-323	588	25	and	and	CCONJ
ftr-323	588	26	the	the	DET
ftr-323	588	27	subpart	subpart	NOUN
ftr-323	588	28	f	f	PROPN
ftr-323	588	29	regime	regime	NOUN
ftr-323	588	30	for	for	ADP
ftr-323	588	31	these	these	DET
ftr-323	588	32	purposes.104	purposes.104	NOUN
ftr-323	588	33	that	that	PRON
ftr-323	588	34	is	be	AUX
ftr-323	588	35	a	a	DET
ftr-323	588	36	convenient	convenient	ADJ
ftr-323	588	37	solution	solution	NOUN
ftr-323	588	38	because	because	SCONJ
ftr-323	588	39	it	it	PRON
ftr-323	588	40	relies	rely	VERB
ftr-323	588	41	on	on	ADP
ftr-323	588	42	a	a	DET
ftr-323	588	43	welldeveloped	welldevelope	VERB
ftr-323	588	44	body	body	NOUN
ftr-323	588	45	of	of	ADP
ftr-323	588	46	law	law	NOUN
ftr-323	588	47	(	(	PUNCT
ftr-323	588	48	albeit	albeit	SCONJ
ftr-323	588	49	one	one	NOUN
ftr-323	588	50	that	that	PRON
ftr-323	588	51	needs	need	VERB
ftr-323	588	52	substantial	substantial	ADJ
ftr-323	588	53	revision).105	revision).105	NOUN
ftr-323	588	54	102	102	NUM
ftr-323	588	55	.	.	PUNCT
ftr-323	589	1	see	see	VERB
ftr-323	589	2	staff	staff	NOUN
ftr-323	589	3	of	of	ADP
ftr-323	589	4	joint	joint	ADJ
ftr-323	589	5	comm	comm	NOUN
ftr-323	589	6	.	.	PUNCT
ftr-323	589	7	,	,	PUNCT
ftr-323	589	8	background	background	NOUN
ftr-323	589	9	and	and	CCONJ
ftr-323	589	10	issues	issue	NOUN
ftr-323	589	11	,	,	PUNCT
ftr-323	589	12	supra	supra	PROPN
ftr-323	589	13	note	note	NOUN
ftr-323	589	14	48	48	NUM
ftr-323	589	15	,	,	PUNCT
ftr-323	589	16	at	at	ADP
ftr-323	589	17	8	8	NUM
ftr-323	589	18	;	;	PUNCT
ftr-323	589	19	staff	staff	NOUN
ftr-323	589	20	of	of	ADP
ftr-323	589	21	joint	joint	ADJ
ftr-323	589	22	comm	comm	NOUN
ftr-323	589	23	.	.	PUNCT
ftr-323	589	24	,	,	PUNCT
ftr-323	590	1	impact	impact	NOUN
ftr-323	590	2	of	of	ADP
ftr-323	590	3	international	international	ADJ
ftr-323	590	4	tax	tax	NOUN
ftr-323	590	5	reform	reform	NOUN
ftr-323	590	6	,	,	PUNCT
ftr-323	590	7	supra	supra	PROPN
ftr-323	590	8	note	note	PROPN
ftr-323	590	9	17	17	NUM
ftr-323	590	10	,	,	PUNCT
ftr-323	590	11	at	at	ADP
ftr-323	590	12	4	4	NUM
ftr-323	590	13	;	;	PUNCT
ftr-323	590	14	staff	staff	NOUN
ftr-323	590	15	of	of	ADP
ftr-323	590	16	joint	joint	ADJ
ftr-323	590	17	comm	comm	NOUN
ftr-323	590	18	.	.	PUNCT
ftr-323	591	1	,	,	PUNCT
ftr-323	591	2	options	option	NOUN
ftr-323	591	3	,	,	PUNCT
ftr-323	591	4	supra	supra	PROPN
ftr-323	591	5	note	note	NOUN
ftr-323	591	6	41	41	NUM
ftr-323	591	7	,	,	PUNCT
ftr-323	591	8	at	at	ADP
ftr-323	591	9	187	187	NUM
ftr-323	591	10	;	;	PUNCT
ftr-323	591	11	ault	ault	PROPN
ftr-323	591	12	&	&	CCONJ
ftr-323	591	13	arnold	arnold	PROPN
ftr-323	591	14	,	,	PUNCT
ftr-323	591	15	comparative	comparative	ADJ
ftr-323	591	16	taxation	taxation	NOUN
ftr-323	591	17	,	,	PUNCT
ftr-323	591	18	supra	supra	PROPN
ftr-323	591	19	note	note	VERB
ftr-323	591	20	50	50	NUM
ftr-323	591	21	,	,	PUNCT
ftr-323	591	22	at	at	ADP
ftr-323	591	23	475	475	NUM
ftr-323	591	24	;	;	PUNCT
ftr-323	591	25	see	see	VERB
ftr-323	591	26	also	also	ADV
ftr-323	591	27	terrence	terrence	PROPN
ftr-323	591	28	r.	r.	PROPN
ftr-323	591	29	chorvat	chorvat	PROPN
ftr-323	591	30	,	,	PUNCT
ftr-323	591	31	ending	end	VERB
ftr-323	591	32	the	the	DET
ftr-323	591	33	taxation	taxation	NOUN
ftr-323	591	34	of	of	ADP
ftr-323	591	35	foreign	foreign	ADJ
ftr-323	591	36	business	business	NOUN
ftr-323	591	37	income	income	NOUN
ftr-323	591	38	,	,	PUNCT
ftr-323	591	39	42	42	NUM
ftr-323	591	40	ariz	ariz	NOUN
ftr-323	591	41	.	.	PUNCT
ftr-323	592	1	l.	l.	PROPN
ftr-323	592	2	rev	rev	PROPN
ftr-323	592	3	.	.	PROPN
ftr-323	592	4	835	835	NUM
ftr-323	592	5	,	,	PUNCT
ftr-323	592	6	856	856	NUM
ftr-323	592	7	(	(	PUNCT
ftr-323	592	8	2000	2000	NUM
ftr-323	592	9	)	)	PUNCT
ftr-323	593	1	[	[	X
ftr-323	593	2	hereinafter	hereinafter	NOUN
ftr-323	593	3	chorvat	chorvat	NOUN
ftr-323	593	4	,	,	PUNCT
ftr-323	593	5	ending	end	VERB
ftr-323	593	6	foreign	foreign	ADJ
ftr-323	593	7	business	business	NOUN
ftr-323	593	8	tax	tax	NOUN
ftr-323	593	9	]	]	PUNCT
ftr-323	593	10	(	(	PUNCT
ftr-323	593	11	recommending	recommend	VERB
ftr-323	593	12	that	that	SCONJ
ftr-323	593	13	passive	passive	ADJ
ftr-323	593	14	income	income	NOUN
ftr-323	593	15	not	not	PART
ftr-323	593	16	be	be	AUX
ftr-323	593	17	treated	treat	VERB
ftr-323	593	18	as	as	ADP
ftr-323	593	19	exempt	exempt	ADJ
ftr-323	593	20	income	income	NOUN
ftr-323	593	21	in	in	ADP
ftr-323	593	22	an	an	DET
ftr-323	593	23	exemption	exemption	NOUN
ftr-323	593	24	system	system	NOUN
ftr-323	593	25	)	)	PUNCT
ftr-323	593	26	.	.	PUNCT
ftr-323	594	1	103	103	NUM
ftr-323	594	2	.	.	X
ftr-323	595	1	fleming	fleming	PROPN
ftr-323	595	2	&	&	CCONJ
ftr-323	595	3	peroni	peroni	PROPN
ftr-323	595	4	,	,	PUNCT
ftr-323	595	5	exploring	explore	VERB
ftr-323	595	6	the	the	DET
ftr-323	595	7	contours	contours	NOUN
ftr-323	595	8	,	,	PUNCT
ftr-323	595	9	supra	supra	PROPN
ftr-323	595	10	note	note	PROPN
ftr-323	595	11	21	21	NUM
ftr-323	595	12	,	,	PUNCT
ftr-323	595	13	at	at	ADP
ftr-323	595	14	1563	1563	NUM
ftr-323	595	15	(	(	PUNCT
ftr-323	595	16	footnote	footnote	NOUN
ftr-323	595	17	omitted	omit	VERB
ftr-323	595	18	)	)	PUNCT
ftr-323	595	19	.	.	PUNCT
ftr-323	596	1	104	104	NUM
ftr-323	596	2	.	.	PUNCT
ftr-323	597	1	with	with	ADP
ftr-323	597	2	respect	respect	NOUN
ftr-323	597	3	to	to	ADP
ftr-323	597	4	the	the	DET
ftr-323	597	5	joint	joint	ADJ
ftr-323	597	6	committee	committee	NOUN
ftr-323	597	7	staff	staff	NOUN
ftr-323	597	8	proposal	proposal	NOUN
ftr-323	597	9	,	,	PUNCT
ftr-323	597	10	see	see	VERB
ftr-323	597	11	staff	staff	NOUN
ftr-323	597	12	of	of	ADP
ftr-323	597	13	joint	joint	ADJ
ftr-323	597	14	comm	comm	NOUN
ftr-323	597	15	.	.	PUNCT
ftr-323	598	1	,	,	PUNCT
ftr-323	598	2	options	option	NOUN
ftr-323	598	3	,	,	PUNCT
ftr-323	598	4	supra	supra	PROPN
ftr-323	598	5	note	note	NOUN
ftr-323	598	6	41	41	NUM
ftr-323	598	7	,	,	PUNCT
ftr-323	598	8	at	at	ADP
ftr-323	598	9	191	191	NUM
ftr-323	598	10	.	.	PUNCT
ftr-323	599	1	with	with	ADP
ftr-323	599	2	respect	respect	NOUN
ftr-323	599	3	to	to	ADP
ftr-323	599	4	the	the	DET
ftr-323	599	5	ways	way	NOUN
ftr-323	599	6	and	and	CCONJ
ftr-323	599	7	means	mean	VERB
ftr-323	599	8	discussion	discussion	NOUN
ftr-323	599	9	draft	draft	NOUN
ftr-323	599	10	,	,	PUNCT
ftr-323	599	11	see	see	VERB
ftr-323	599	12	ways	way	NOUN
ftr-323	599	13	&	&	CCONJ
ftr-323	599	14	means	mean	VERB
ftr-323	599	15	technical	technical	ADJ
ftr-323	599	16	explanation	explanation	NOUN
ftr-323	599	17	,	,	PUNCT
ftr-323	599	18	supra	supra	PROPN
ftr-323	599	19	note	note	NOUN
ftr-323	599	20	60	60	NUM
ftr-323	599	21	,	,	PUNCT
ftr-323	599	22	at	at	ADP
ftr-323	599	23	18	18	NUM
ftr-323	599	24	.	.	PUNCT
ftr-323	599	25	105	105	NUM
ftr-323	599	26	.	.	PUNCT
ftr-323	600	1	we	we	PRON
ftr-323	600	2	leave	leave	VERB
ftr-323	600	3	for	for	ADP
ftr-323	600	4	another	another	DET
ftr-323	600	5	day	day	NOUN
ftr-323	600	6	an	an	DET
ftr-323	600	7	analysis	analysis	NOUN
ftr-323	600	8	of	of	ADP
ftr-323	600	9	whether	whether	SCONJ
ftr-323	600	10	the	the	DET
ftr-323	600	11	section	section	NOUN
ftr-323	600	12	954(h	954(h	NOUN
ftr-323	600	13	)	)	PUNCT
ftr-323	600	14	exclusion	exclusion	NOUN
ftr-323	600	15	of	of	ADP
ftr-323	600	16	active	active	ADJ
ftr-323	600	17	banking	banking	NOUN
ftr-323	600	18	and	and	CCONJ
ftr-323	600	19	financing	financing	NOUN
ftr-323	600	20	income	income	NOUN
ftr-323	600	21	from	from	ADP
ftr-323	600	22	subpart	subpart	PROPN
ftr-323	600	23	f	f	PROPN
ftr-323	600	24	income	income	NOUN
ftr-323	600	25	is	be	AUX
ftr-323	600	26	appropriate	appropriate	ADJ
ftr-323	600	27	and	and	CCONJ
ftr-323	600	28	whether	whether	SCONJ
ftr-323	600	29	there	there	PRON
ftr-323	600	30	are	be	VERB
ftr-323	600	31	practical	practical	ADJ
ftr-323	600	32	ways	way	NOUN
ftr-323	600	33	to	to	PART
ftr-323	600	34	make	make	VERB
ftr-323	600	35	subpart	subpart	NOUN
ftr-323	600	36	f	f	NOUN
ftr-323	600	37	more	more	ADV
ftr-323	600	38	effective	effective	ADJ
ftr-323	600	39	.	.	PUNCT
ftr-323	601	1	see	see	VERB
ftr-323	601	2	,	,	PUNCT
ftr-323	601	3	e.g.	e.g.	ADV
ftr-323	601	4	,	,	PUNCT
ftr-323	601	5	aba	aba	PROPN
ftr-323	601	6	tax’n	tax’n	NUM
ftr-323	601	7	sec	sec	PROPN
ftr-323	601	8	.	.	PROPN
ftr-323	601	9	,	,	PUNCT
ftr-323	601	10	task	task	PROPN
ftr-323	601	11	force	force	PROPN
ftr-323	601	12	rep	rep	PROPN
ftr-323	601	13	.	.	PROPN
ftr-323	601	14	,	,	PUNCT
ftr-323	601	15	supra	supra	PROPN
ftr-323	601	16	note	note	VERB
ftr-323	601	17	50	50	NUM
ftr-323	601	18	,	,	PUNCT
ftr-323	601	19	at	at	ADP
ftr-323	601	20	777–812	777–812	NUM
ftr-323	601	21	.	.	PUNCT
ftr-323	602	1	we	we	PRON
ftr-323	602	2	also	also	ADV
ftr-323	602	3	defer	defer	VERB
ftr-323	602	4	a	a	DET
ftr-323	602	5	discussion	discussion	NOUN
ftr-323	602	6	of	of	ADP
ftr-323	602	7	our	our	PRON
ftr-323	602	8	preference	preference	NOUN
ftr-323	602	9	for	for	ADP
ftr-323	602	10	replacing	replace	VERB
ftr-323	602	11	subpart	subpart	NOUN
ftr-323	602	12	f	f	NOUN
ftr-323	602	13	with	with	ADP
ftr-323	602	14	a	a	DET
ftr-323	602	15	pass	pass	VERB
ftr-323	602	16	-	-	PUNCT
ftr-323	602	17	through	through	ADP
ftr-323	602	18	regime	regime	NOUN
ftr-323	602	19	,	,	PUNCT
ftr-323	602	20	a	a	DET
ftr-323	602	21	topic	topic	NOUN
ftr-323	602	22	on	on	ADP
ftr-323	602	23	which	which	PRON
ftr-323	602	24	we	we	PRON
ftr-323	602	25	have	have	AUX
ftr-323	602	26	extensively	extensively	ADV
ftr-323	602	27	written	write	VERB
ftr-323	602	28	.	.	PUNCT
ftr-323	603	1	see	see	VERB
ftr-323	603	2	peroni	peroni	PROPN
ftr-323	603	3	,	,	PUNCT
ftr-323	603	4	fleming	fleming	PROPN
ftr-323	603	5	&	&	CCONJ
ftr-323	603	6	shay	shay	PROPN
ftr-323	603	7	,	,	PUNCT
ftr-323	603	8	getting	get	VERB
ftr-323	603	9	serious	serious	ADJ
ftr-323	603	10	,	,	PUNCT
ftr-323	603	11	supra	supra	ADJ
ftr-323	603	12	note	note	NOUN
ftr-323	603	13	3	3	NUM
ftr-323	603	14	,	,	PUNCT
ftr-323	603	15	at	at	ADP
ftr-323	603	16	507–19	507–19	NUM
ftr-323	603	17	.	.	PUNCT
ftr-323	604	1	428	428	NUM
ftr-323	604	2	florida	florida	PROPN
ftr-323	604	3	tax	tax	PROPN
ftr-323	604	4	review	review	NOUN
ftr-323	604	5	[	[	X
ftr-323	604	6	vol	vol	NOUN
ftr-323	604	7	.	.	PUNCT
ftr-323	605	1	13:8	13:8	NUM
ftr-323	605	2	granted	grant	VERB
ftr-323	605	3	,	,	PUNCT
ftr-323	605	4	the	the	DET
ftr-323	605	5	subpart	subpart	NOUN
ftr-323	605	6	f	f	PROPN
ftr-323	605	7	income	income	NOUN
ftr-323	605	8	definition	definition	NOUN
ftr-323	605	9	reaches	reach	VERB
ftr-323	605	10	certain	certain	ADJ
ftr-323	605	11	sales	sale	NOUN
ftr-323	605	12	and	and	CCONJ
ftr-323	605	13	services	service	NOUN
ftr-323	605	14	income	income	NOUN
ftr-323	605	15	that	that	PRON
ftr-323	605	16	is	be	AUX
ftr-323	605	17	not	not	PART
ftr-323	605	18	truly	truly	ADV
ftr-323	605	19	passive	passive	ADJ
ftr-323	605	20	.	.	PUNCT
ftr-323	606	1	this	this	DET
ftr-323	606	2	sales	sale	NOUN
ftr-323	606	3	and	and	CCONJ
ftr-323	606	4	services	service	NOUN
ftr-323	606	5	income	income	NOUN
ftr-323	606	6	does	do	AUX
ftr-323	606	7	,	,	PUNCT
ftr-323	606	8	however	however	ADV
ftr-323	606	9	,	,	PUNCT
ftr-323	606	10	have	have	VERB
ftr-323	606	11	the	the	DET
ftr-323	606	12	same	same	ADJ
ftr-323	606	13	potential	potential	NOUN
ftr-323	606	14	to	to	PART
ftr-323	606	15	be	be	AUX
ftr-323	606	16	shifted	shift	VERB
ftr-323	606	17	to	to	ADP
ftr-323	606	18	low	low	ADJ
ftr-323	606	19	-	-	PUNCT
ftr-323	606	20	tax	tax	NOUN
ftr-323	606	21	jurisdictions	jurisdiction	NOUN
ftr-323	606	22	as	as	ADP
ftr-323	606	23	income	income	NOUN
ftr-323	606	24	that	that	PRON
ftr-323	606	25	is	be	AUX
ftr-323	606	26	literally	literally	ADV
ftr-323	606	27	passive,106	passive,106	PRON
ftr-323	607	1	and	and	CCONJ
ftr-323	607	2	so	so	ADV
ftr-323	607	3	it	it	PRON
ftr-323	607	4	is	be	AUX
ftr-323	607	5	appropriate	appropriate	ADJ
ftr-323	607	6	to	to	PART
ftr-323	607	7	treat	treat	VERB
ftr-323	607	8	it	it	PRON
ftr-323	607	9	as	as	SCONJ
ftr-323	607	10	if	if	SCONJ
ftr-323	607	11	it	it	PRON
ftr-323	607	12	were	be	AUX
ftr-323	607	13	passive	passive	ADJ
ftr-323	607	14	.	.	PUNCT
ftr-323	608	1	assuming	assume	VERB
ftr-323	608	2	that	that	SCONJ
ftr-323	608	3	subpart	subpart	NOUN
ftr-323	608	4	f	f	PROPN
ftr-323	608	5	is	be	AUX
ftr-323	608	6	retained	retain	VERB
ftr-323	608	7	,	,	PUNCT
ftr-323	608	8	foreign	foreign	ADJ
ftr-323	608	9	tax	tax	NOUN
ftr-323	608	10	credits	credit	NOUN
ftr-323	608	11	with	with	ADP
ftr-323	608	12	respect	respect	NOUN
ftr-323	608	13	to	to	ADP
ftr-323	608	14	taxable	taxable	ADJ
ftr-323	608	15	subpart	subpart	NOUN
ftr-323	608	16	f	f	PROPN
ftr-323	608	17	income	income	NOUN
ftr-323	608	18	would	would	AUX
ftr-323	608	19	be	be	AUX
ftr-323	608	20	available	available	ADJ
ftr-323	608	21	under	under	ADP
ftr-323	608	22	section	section	NOUN
ftr-323	608	23	960	960	NUM
ftr-323	608	24	and	and	CCONJ
ftr-323	608	25	previously	previously	ADV
ftr-323	608	26	taxed	tax	VERB
ftr-323	608	27	earnings	earning	NOUN
ftr-323	608	28	should	should	AUX
ftr-323	608	29	be	be	AUX
ftr-323	608	30	exempt	exempt	ADJ
ftr-323	608	31	when	when	SCONJ
ftr-323	608	32	distributed.107	distributed.107	PROPN
ftr-323	608	33	b.	b.	PROPN
ftr-323	608	34	who	who	PRON
ftr-323	608	35	qualifies	qualify	VERB
ftr-323	608	36	?	?	PUNCT
ftr-323	609	1	1	1	X
ftr-323	609	2	.	.	X
ftr-323	609	3	corporate	corporate	ADJ
ftr-323	609	4	shareholders	shareholder	NOUN
ftr-323	609	5	with	with	ADP
ftr-323	609	6	respect	respect	NOUN
ftr-323	609	7	to	to	ADP
ftr-323	609	8	corporate	corporate	ADJ
ftr-323	609	9	shareholders	shareholder	NOUN
ftr-323	609	10	owning	own	VERB
ftr-323	609	11	stock	stock	NOUN
ftr-323	609	12	in	in	ADP
ftr-323	609	13	a	a	DET
ftr-323	609	14	foreign	foreign	ADJ
ftr-323	609	15	corporation	corporation	NOUN
ftr-323	609	16	,	,	PUNCT
ftr-323	609	17	two	two	NUM
ftr-323	609	18	principal	principal	ADJ
ftr-323	609	19	issues	issue	NOUN
ftr-323	609	20	arise	arise	VERB
ftr-323	609	21	under	under	ADP
ftr-323	609	22	a	a	DET
ftr-323	609	23	properly	properly	ADV
ftr-323	609	24	designed	design	VERB
ftr-323	609	25	exemption	exemption	NOUN
ftr-323	609	26	system	system	NOUN
ftr-323	609	27	.	.	PUNCT
ftr-323	610	1	first	first	ADV
ftr-323	610	2	,	,	PUNCT
ftr-323	610	3	what	what	PRON
ftr-323	610	4	is	be	AUX
ftr-323	610	5	the	the	DET
ftr-323	610	6	requisite	requisite	ADJ
ftr-323	610	7	amount	amount	NOUN
ftr-323	610	8	of	of	ADP
ftr-323	610	9	stock	stock	NOUN
ftr-323	610	10	that	that	PRON
ftr-323	610	11	a	a	DET
ftr-323	610	12	domestic	domestic	ADJ
ftr-323	610	13	corporation	corporation	NOUN
ftr-323	610	14	must	must	AUX
ftr-323	610	15	own	own	VERB
ftr-323	610	16	in	in	ADP
ftr-323	610	17	the	the	DET
ftr-323	610	18	foreign	foreign	ADJ
ftr-323	610	19	corporation	corporation	NOUN
ftr-323	610	20	for	for	ADP
ftr-323	610	21	dividends	dividend	NOUN
ftr-323	610	22	paid	pay	VERB
ftr-323	610	23	to	to	ADP
ftr-323	610	24	it	it	PRON
ftr-323	610	25	to	to	PART
ftr-323	610	26	qualify	qualify	VERB
ftr-323	610	27	for	for	ADP
ftr-323	610	28	exemption	exemption	NOUN
ftr-323	610	29	?	?	PUNCT
ftr-323	611	1	second	second	ADJ
ftr-323	611	2	,	,	PUNCT
ftr-323	611	3	will	will	AUX
ftr-323	611	4	the	the	DET
ftr-323	611	5	exemption	exemption	NOUN
ftr-323	611	6	system	system	NOUN
ftr-323	611	7	apply	apply	VERB
ftr-323	611	8	to	to	ADP
ftr-323	611	9	dividends	dividend	NOUN
ftr-323	611	10	paid	pay	VERB
ftr-323	611	11	to	to	ADP
ftr-323	611	12	a	a	DET
ftr-323	611	13	domestic	domestic	ADJ
ftr-323	611	14	corporation	corporation	NOUN
ftr-323	611	15	owning	own	VERB
ftr-323	611	16	the	the	DET
ftr-323	611	17	requisite	requisite	ADJ
ftr-323	611	18	percentage	percentage	NOUN
ftr-323	611	19	of	of	ADP
ftr-323	611	20	stock	stock	NOUN
ftr-323	611	21	in	in	ADP
ftr-323	611	22	a	a	DET
ftr-323	611	23	foreign	foreign	ADJ
ftr-323	611	24	corporation	corporation	NOUN
ftr-323	611	25	that	that	PRON
ftr-323	611	26	is	be	AUX
ftr-323	611	27	not	not	PART
ftr-323	611	28	a	a	DET
ftr-323	611	29	cfc	cfc	NOUN
ftr-323	611	30	.	.	PUNCT
ftr-323	612	1	with	with	ADP
ftr-323	612	2	respect	respect	NOUN
ftr-323	612	3	to	to	ADP
ftr-323	612	4	the	the	DET
ftr-323	612	5	first	first	ADJ
ftr-323	612	6	issue	issue	NOUN
ftr-323	612	7	,	,	PUNCT
ftr-323	612	8	most	most	ADJ
ftr-323	612	9	exemption	exemption	NOUN
ftr-323	612	10	systems	system	NOUN
ftr-323	612	11	limit	limit	VERB
ftr-323	612	12	the	the	DET
ftr-323	612	13	applicability	applicability	NOUN
ftr-323	612	14	of	of	ADP
ftr-323	612	15	the	the	DET
ftr-323	612	16	dividend	dividend	NOUN
ftr-323	612	17	exemption	exemption	NOUN
ftr-323	612	18	to	to	ADP
ftr-323	612	19	domestic	domestic	ADJ
ftr-323	612	20	corporations	corporation	NOUN
ftr-323	612	21	owning	own	VERB
ftr-323	612	22	at	at	ADV
ftr-323	612	23	least	least	ADV
ftr-323	612	24	10	10	NUM
ftr-323	612	25	percent	percent	NOUN
ftr-323	612	26	of	of	ADP
ftr-323	612	27	the	the	DET
ftr-323	612	28	foreign	foreign	ADJ
ftr-323	612	29	corporation	corporation	NOUN
ftr-323	612	30	’s	’s	PART
ftr-323	612	31	stock	stock	NOUN
ftr-323	612	32	.	.	PUNCT
ftr-323	613	1	domestic	domestic	ADJ
ftr-323	613	2	corporations	corporation	NOUN
ftr-323	613	3	having	have	VERB
ftr-323	613	4	a	a	DET
ftr-323	613	5	less	less	ADJ
ftr-323	613	6	than	than	ADP
ftr-323	613	7	10	10	NUM
ftr-323	613	8	percent	percent	NOUN
ftr-323	613	9	interest	interest	NOUN
ftr-323	613	10	generally	generally	ADV
ftr-323	613	11	do	do	AUX
ftr-323	613	12	not	not	PART
ftr-323	613	13	qualify	qualify	VERB
ftr-323	613	14	for	for	ADP
ftr-323	613	15	exemption.108	exemption.108	NOUN
ftr-323	613	16	in	in	ADP
ftr-323	613	17	our	our	PRON
ftr-323	613	18	view	view	NOUN
ftr-323	613	19	,	,	PUNCT
ftr-323	613	20	a	a	DET
ftr-323	613	21	u.s	u.s	PROPN
ftr-323	613	22	.	.	PROPN
ftr-323	613	23	exemption	exemption	NOUN
ftr-323	613	24	system	system	NOUN
ftr-323	613	25	should	should	AUX
ftr-323	613	26	adopt	adopt	VERB
ftr-323	613	27	this	this	DET
ftr-323	613	28	approach	approach	NOUN
ftr-323	613	29	.	.	PUNCT
ftr-323	614	1	for	for	ADP
ftr-323	614	2	this	this	DET
ftr-323	614	3	purpose	purpose	NOUN
ftr-323	614	4	,	,	PUNCT
ftr-323	614	5	stock	stock	NOUN
ftr-323	614	6	ownership	ownership	NOUN
ftr-323	614	7	should	should	AUX
ftr-323	614	8	probably	probably	ADV
ftr-323	614	9	include	include	VERB
ftr-323	614	10	not	not	PART
ftr-323	614	11	only	only	ADV
ftr-323	614	12	actual	actual	ADJ
ftr-323	614	13	ownership	ownership	NOUN
ftr-323	614	14	but	but	CCONJ
ftr-323	614	15	also	also	ADV
ftr-323	614	16	indirect	indirect	ADJ
ftr-323	614	17	and	and	CCONJ
ftr-323	614	18	constructive	constructive	ADJ
ftr-323	614	19	ownership	ownership	NOUN
ftr-323	614	20	,	,	PUNCT
ftr-323	614	21	as	as	SCONJ
ftr-323	614	22	is	be	AUX
ftr-323	614	23	true	true	ADJ
ftr-323	614	24	under	under	ADP
ftr-323	614	25	the	the	DET
ftr-323	614	26	subpart	subpart	NOUN
ftr-323	614	27	f	f	PROPN
ftr-323	614	28	regime	regime	NOUN
ftr-323	614	29	of	of	ADP
ftr-323	614	30	current	current	ADJ
ftr-323	614	31	law	law	NOUN
ftr-323	614	32	.	.	PUNCT
ftr-323	615	1	the	the	DET
ftr-323	615	2	logic	logic	NOUN
ftr-323	615	3	for	for	ADP
ftr-323	615	4	this	this	DET
ftr-323	615	5	10	10	NUM
ftr-323	615	6	percent	percent	NOUN
ftr-323	615	7	threshold	threshold	NOUN
ftr-323	615	8	approach	approach	NOUN
ftr-323	615	9	is	be	AUX
ftr-323	615	10	simplicity	simplicity	NOUN
ftr-323	615	11	and	and	CCONJ
ftr-323	615	12	administrability	administrability	NOUN
ftr-323	615	13	.	.	PUNCT
ftr-323	616	1	in	in	ADP
ftr-323	616	2	order	order	NOUN
ftr-323	616	3	to	to	PART
ftr-323	616	4	be	be	AUX
ftr-323	616	5	able	able	ADJ
ftr-323	616	6	to	to	PART
ftr-323	616	7	report	report	VERB
ftr-323	616	8	income	income	NOUN
ftr-323	616	9	under	under	ADP
ftr-323	616	10	the	the	DET
ftr-323	616	11	exemption	exemption	NOUN
ftr-323	616	12	system	system	NOUN
ftr-323	616	13	,	,	PUNCT
ftr-323	616	14	a	a	DET
ftr-323	616	15	shareholder	shareholder	NOUN
ftr-323	616	16	needs	need	VERB
ftr-323	616	17	to	to	PART
ftr-323	616	18	be	be	AUX
ftr-323	616	19	able	able	ADJ
ftr-323	616	20	to	to	PART
ftr-323	616	21	obtain	obtain	VERB
ftr-323	616	22	information	information	NOUN
ftr-323	616	23	about	about	ADP
ftr-323	616	24	the	the	DET
ftr-323	616	25	foreign	foreign	ADJ
ftr-323	616	26	corporation	corporation	NOUN
ftr-323	616	27	’s	’s	PART
ftr-323	616	28	income	income	NOUN
ftr-323	616	29	and	and	CCONJ
ftr-323	616	30	expenses.109	expenses.109	VERB
ftr-323	616	31	corporate	corporate	ADJ
ftr-323	616	32	shareholders	shareholder	NOUN
ftr-323	616	33	with	with	ADP
ftr-323	616	34	a	a	DET
ftr-323	616	35	less	less	ADJ
ftr-323	616	36	than	than	ADP
ftr-323	616	37	10	10	NUM
ftr-323	616	38	percent	percent	NOUN
ftr-323	616	39	interest	interest	NOUN
ftr-323	616	40	are	be	AUX
ftr-323	616	41	less	less	ADV
ftr-323	616	42	likely	likely	ADJ
ftr-323	616	43	to	to	PART
ftr-323	616	44	be	be	AUX
ftr-323	616	45	in	in	ADP
ftr-323	616	46	a	a	DET
ftr-323	616	47	position	position	NOUN
ftr-323	616	48	to	to	PART
ftr-323	616	49	obtain	obtain	VERB
ftr-323	616	50	that	that	DET
ftr-323	616	51	information	information	NOUN
ftr-323	616	52	.	.	PUNCT
ftr-323	617	1	moreover	moreover	ADV
ftr-323	617	2	,	,	PUNCT
ftr-323	617	3	the	the	DET
ftr-323	617	4	10	10	NUM
ftr-323	617	5	percent	percent	NOUN
ftr-323	617	6	106	106	NUM
ftr-323	617	7	.	.	PUNCT
ftr-323	618	1	see	see	VERB
ftr-323	618	2	graetz	graetz	PROPN
ftr-323	618	3	&	&	CCONJ
ftr-323	618	4	oosterhuis	oosterhuis	PROPN
ftr-323	618	5	,	,	PUNCT
ftr-323	618	6	structuring	structure	VERB
ftr-323	618	7	an	an	DET
ftr-323	618	8	exemption	exemption	NOUN
ftr-323	618	9	system	system	NOUN
ftr-323	618	10	,	,	PUNCT
ftr-323	618	11	supra	supra	PROPN
ftr-323	618	12	note	note	NOUN
ftr-323	618	13	50	50	NUM
ftr-323	618	14	,	,	PUNCT
ftr-323	618	15	at	at	ADP
ftr-323	618	16	775	775	NUM
ftr-323	618	17	;	;	PUNCT
ftr-323	618	18	see	see	VERB
ftr-323	618	19	also	also	ADV
ftr-323	618	20	staff	staff	NOUN
ftr-323	618	21	of	of	ADP
ftr-323	618	22	joint	joint	ADJ
ftr-323	618	23	comm	comm	NOUN
ftr-323	618	24	.	.	PUNCT
ftr-323	619	1	,	,	PUNCT
ftr-323	619	2	options	option	NOUN
ftr-323	619	3	,	,	PUNCT
ftr-323	619	4	supra	supra	PROPN
ftr-323	619	5	note	note	NOUN
ftr-323	619	6	41	41	NUM
ftr-323	619	7	,	,	PUNCT
ftr-323	619	8	at	at	ADP
ftr-323	619	9	189–91	189–91	PROPN
ftr-323	619	10	(	(	PUNCT
ftr-323	619	11	effectively	effectively	ADV
ftr-323	619	12	treating	treat	VERB
ftr-323	619	13	“	"	PUNCT
ftr-323	619	14	highly	highly	ADV
ftr-323	619	15	mobile	mobile	ADJ
ftr-323	619	16	income	income	NOUN
ftr-323	619	17	”	"	PUNCT
ftr-323	619	18	as	as	ADP
ftr-323	619	19	passive	passive	ADJ
ftr-323	619	20	income	income	NOUN
ftr-323	619	21	)	)	PUNCT
ftr-323	619	22	.	.	PUNCT
ftr-323	620	1	107	107	NUM
ftr-323	620	2	.	.	PUNCT
ftr-323	621	1	see	see	VERB
ftr-323	621	2	gustafson	gustafson	PROPN
ftr-323	621	3	,	,	PUNCT
ftr-323	621	4	peroni	peroni	PROPN
ftr-323	621	5	&	&	CCONJ
ftr-323	621	6	pugh	pugh	PROPN
ftr-323	621	7	,	,	PUNCT
ftr-323	621	8	taxation	taxation	NOUN
ftr-323	621	9	of	of	ADP
ftr-323	621	10	international	international	ADJ
ftr-323	621	11	transactions	transaction	NOUN
ftr-323	621	12	,	,	PUNCT
ftr-323	621	13	supra	supra	PROPN
ftr-323	621	14	note	note	NOUN
ftr-323	621	15	10	10	NUM
ftr-323	621	16	,	,	PUNCT
ftr-323	621	17	at	at	ADP
ftr-323	621	18	498	498	NUM
ftr-323	621	19	.	.	PUNCT
ftr-323	622	1	108	108	NUM
ftr-323	622	2	.	.	PUNCT
ftr-323	623	1	see	see	VERB
ftr-323	623	2	,	,	PUNCT
ftr-323	623	3	e.g.	e.g.	ADV
ftr-323	623	4	,	,	PUNCT
ftr-323	623	5	staff	staff	NOUN
ftr-323	623	6	of	of	ADP
ftr-323	623	7	joint	joint	ADJ
ftr-323	623	8	comm	comm	NOUN
ftr-323	623	9	.	.	PUNCT
ftr-323	624	1	,	,	PUNCT
ftr-323	624	2	options	option	NOUN
ftr-323	624	3	,	,	PUNCT
ftr-323	624	4	supra	supra	PROPN
ftr-323	624	5	note	note	NOUN
ftr-323	624	6	41	41	NUM
ftr-323	624	7	,	,	PUNCT
ftr-323	624	8	at	at	ADP
ftr-323	624	9	190	190	NUM
ftr-323	624	10	;	;	PUNCT
ftr-323	624	11	president	president	PROPN
ftr-323	624	12	’s	’s	PART
ftr-323	624	13	advisory	advisory	ADJ
ftr-323	624	14	panel	panel	NOUN
ftr-323	624	15	on	on	ADP
ftr-323	624	16	federal	federal	ADJ
ftr-323	624	17	tax	tax	NOUN
ftr-323	624	18	reform	reform	NOUN
ftr-323	624	19	,	,	PUNCT
ftr-323	624	20	simple	simple	ADJ
ftr-323	624	21	,	,	PUNCT
ftr-323	624	22	fair	fair	ADJ
ftr-323	624	23	&	&	CCONJ
ftr-323	624	24	progrowth	progrowth	NOUN
ftr-323	624	25	:	:	PUNCT
ftr-323	624	26	proposal	proposal	NOUN
ftr-323	624	27	to	to	PART
ftr-323	624	28	fix	fix	VERB
ftr-323	624	29	america	america	PROPN
ftr-323	624	30	’s	’s	PART
ftr-323	624	31	tax	tax	NOUN
ftr-323	624	32	system	system	NOUN
ftr-323	624	33	134	134	NUM
ftr-323	624	34	(	(	PUNCT
ftr-323	624	35	2005	2005	NUM
ftr-323	624	36	)	)	PUNCT
ftr-323	625	1	[	[	X
ftr-323	625	2	hereinafter	hereinafter	NOUN
ftr-323	625	3	president	president	NOUN
ftr-323	625	4	’s	’s	PART
ftr-323	625	5	tax	tax	NOUN
ftr-323	625	6	reform	reform	NOUN
ftr-323	625	7	advisory	advisory	ADJ
ftr-323	625	8	panel	panel	NOUN
ftr-323	625	9	]	]	PUNCT
ftr-323	625	10	.	.	PUNCT
ftr-323	626	1	109	109	NUM
ftr-323	626	2	.	.	PUNCT
ftr-323	626	3	see	see	VERB
ftr-323	626	4	,	,	PUNCT
ftr-323	626	5	e.g.	e.g.	ADV
ftr-323	626	6	,	,	PUNCT
ftr-323	626	7	peroni	peroni	PROPN
ftr-323	626	8	,	,	PUNCT
ftr-323	626	9	fleming	fleming	PROPN
ftr-323	626	10	&	&	CCONJ
ftr-323	626	11	shay	shay	PROPN
ftr-323	626	12	,	,	PUNCT
ftr-323	626	13	getting	get	VERB
ftr-323	626	14	serious	serious	ADJ
ftr-323	626	15	,	,	PUNCT
ftr-323	626	16	supra	supra	ADJ
ftr-323	626	17	note	note	NOUN
ftr-323	626	18	3	3	NUM
ftr-323	626	19	,	,	PUNCT
ftr-323	626	20	at	at	ADP
ftr-323	626	21	511	511	NUM
ftr-323	626	22	.	.	PUNCT
ftr-323	626	23	2012	2012	NUM
ftr-323	626	24	]	]	PUNCT
ftr-323	626	25	exemption	exemption	NOUN
ftr-323	626	26	when	when	SCONJ
ftr-323	626	27	the	the	DET
ftr-323	626	28	treasury	treasury	NOUN
ftr-323	626	29	is	be	AUX
ftr-323	626	30	empty	empty	ADJ
ftr-323	626	31	429	429	NUM
ftr-323	626	32	threshold	threshold	NOUN
ftr-323	626	33	is	be	AUX
ftr-323	626	34	a	a	DET
ftr-323	626	35	common	common	ADJ
ftr-323	626	36	dividing	dividing	NOUN
ftr-323	626	37	line	line	NOUN
ftr-323	626	38	in	in	ADP
ftr-323	626	39	the	the	DET
ftr-323	626	40	international	international	ADJ
ftr-323	626	41	tax	tax	NOUN
ftr-323	626	42	rules	rule	NOUN
ftr-323	626	43	for	for	ADP
ftr-323	626	44	separating	separate	VERB
ftr-323	626	45	corporate	corporate	ADJ
ftr-323	626	46	stock	stock	NOUN
ftr-323	626	47	interests	interest	NOUN
ftr-323	626	48	that	that	PRON
ftr-323	626	49	are	be	AUX
ftr-323	626	50	viewed	view	VERB
ftr-323	626	51	as	as	ADP
ftr-323	626	52	direct	direct	ADJ
ftr-323	626	53	investments	investment	NOUN
ftr-323	626	54	(	(	PUNCT
ftr-323	626	55	which	which	PRON
ftr-323	626	56	qualify	qualify	VERB
ftr-323	626	57	for	for	ADP
ftr-323	626	58	tax	tax	NOUN
ftr-323	626	59	benefits	benefit	NOUN
ftr-323	626	60	such	such	ADJ
ftr-323	626	61	as	as	ADP
ftr-323	626	62	the	the	DET
ftr-323	626	63	indirect	indirect	ADJ
ftr-323	626	64	credit	credit	NOUN
ftr-323	626	65	in	in	ADP
ftr-323	626	66	section	section	NOUN
ftr-323	626	67	902	902	NUM
ftr-323	626	68	)	)	PUNCT
ftr-323	626	69	versus	versus	ADP
ftr-323	626	70	those	those	PRON
ftr-323	626	71	that	that	PRON
ftr-323	626	72	are	be	AUX
ftr-323	626	73	viewed	view	VERB
ftr-323	626	74	as	as	ADP
ftr-323	626	75	portfolio	portfolio	NOUN
ftr-323	626	76	investments	investment	NOUN
ftr-323	626	77	(	(	PUNCT
ftr-323	626	78	the	the	DET
ftr-323	626	79	income	income	NOUN
ftr-323	626	80	with	with	ADP
ftr-323	626	81	respect	respect	NOUN
ftr-323	626	82	to	to	ADP
ftr-323	626	83	which	which	PRON
ftr-323	626	84	is	be	AUX
ftr-323	626	85	passive	passive	ADJ
ftr-323	626	86	investment	investment	NOUN
ftr-323	626	87	income).110	income).110	ADJ
ftr-323	626	88	with	with	ADP
ftr-323	626	89	respect	respect	NOUN
ftr-323	626	90	to	to	ADP
ftr-323	626	91	the	the	DET
ftr-323	626	92	second	second	ADJ
ftr-323	626	93	issue	issue	NOUN
ftr-323	626	94	,	,	PUNCT
ftr-323	626	95	three	three	NUM
ftr-323	626	96	possible	possible	ADJ
ftr-323	626	97	approaches	approach	NOUN
ftr-323	626	98	could	could	AUX
ftr-323	626	99	be	be	AUX
ftr-323	626	100	taken	take	VERB
ftr-323	626	101	.	.	PUNCT
ftr-323	627	1	one	one	NUM
ftr-323	627	2	approach	approach	NOUN
ftr-323	627	3	would	would	AUX
ftr-323	627	4	be	be	AUX
ftr-323	627	5	to	to	PART
ftr-323	627	6	limit	limit	VERB
ftr-323	627	7	the	the	DET
ftr-323	627	8	exemption	exemption	NOUN
ftr-323	627	9	system	system	NOUN
ftr-323	627	10	to	to	ADP
ftr-323	627	11	foreign	foreign	ADJ
ftr-323	627	12	corporations	corporation	NOUN
ftr-323	627	13	that	that	PRON
ftr-323	627	14	are	be	AUX
ftr-323	627	15	cfcs	cfc	VERB
ftr-323	627	16	.	.	PUNCT
ftr-323	628	1	this	this	PRON
ftr-323	628	2	would	would	AUX
ftr-323	628	3	considerably	considerably	ADV
ftr-323	628	4	narrow	narrow	VERB
ftr-323	628	5	the	the	DET
ftr-323	628	6	possible	possible	ADJ
ftr-323	628	7	scope	scope	NOUN
ftr-323	628	8	of	of	ADP
ftr-323	628	9	the	the	DET
ftr-323	628	10	exemption	exemption	NOUN
ftr-323	628	11	system	system	NOUN
ftr-323	628	12	and	and	CCONJ
ftr-323	628	13	require	require	VERB
ftr-323	628	14	retention	retention	NOUN
ftr-323	628	15	of	of	ADP
ftr-323	628	16	all	all	PRON
ftr-323	628	17	of	of	ADP
ftr-323	628	18	the	the	DET
ftr-323	628	19	current	current	ADJ
ftr-323	628	20	international	international	ADJ
ftr-323	628	21	tax	tax	NOUN
ftr-323	628	22	rules	rule	NOUN
ftr-323	628	23	relating	relate	VERB
ftr-323	628	24	to	to	ADP
ftr-323	628	25	so	so	ADV
ftr-323	628	26	-	-	PUNCT
ftr-323	628	27	called	call	VERB
ftr-323	628	28	noncontrolled	noncontrolle	VERB
ftr-323	628	29	10/50	10/50	NUM
ftr-323	628	30	foreign	foreign	ADJ
ftr-323	628	31	corporations	corporation	NOUN
ftr-323	628	32	.	.	PUNCT
ftr-323	629	1	if	if	SCONJ
ftr-323	629	2	the	the	DET
ftr-323	629	3	deferral	deferral	ADJ
ftr-323	629	4	principle	principle	NOUN
ftr-323	629	5	were	be	AUX
ftr-323	629	6	retained	retain	VERB
ftr-323	629	7	with	with	ADP
ftr-323	629	8	respect	respect	NOUN
ftr-323	629	9	to	to	ADP
ftr-323	629	10	such	such	ADJ
ftr-323	629	11	corporations	corporation	NOUN
ftr-323	629	12	,	,	PUNCT
ftr-323	629	13	as	as	SCONJ
ftr-323	629	14	would	would	AUX
ftr-323	629	15	likely	likely	ADV
ftr-323	629	16	be	be	AUX
ftr-323	629	17	the	the	DET
ftr-323	629	18	case	case	NOUN
ftr-323	629	19	,	,	PUNCT
ftr-323	629	20	this	this	DET
ftr-323	629	21	approach	approach	NOUN
ftr-323	629	22	would	would	AUX
ftr-323	629	23	also	also	ADV
ftr-323	629	24	create	create	VERB
ftr-323	629	25	planning	planning	NOUN
ftr-323	629	26	opportunities	opportunity	NOUN
ftr-323	629	27	to	to	PART
ftr-323	629	28	avoid	avoid	VERB
ftr-323	629	29	the	the	DET
ftr-323	629	30	exemption	exemption	NOUN
ftr-323	629	31	system	system	NOUN
ftr-323	629	32	rules	rule	VERB
ftr-323	629	33	with	with	ADP
ftr-323	629	34	respect	respect	NOUN
ftr-323	629	35	to	to	ADP
ftr-323	629	36	foreign	foreign	ADJ
ftr-323	629	37	corporations	corporation	NOUN
ftr-323	629	38	owning	own	VERB
ftr-323	629	39	large	large	ADJ
ftr-323	629	40	amounts	amount	NOUN
ftr-323	629	41	of	of	ADP
ftr-323	629	42	income	income	NOUN
ftr-323	629	43	not	not	PART
ftr-323	629	44	eligible	eligible	ADJ
ftr-323	629	45	for	for	ADP
ftr-323	629	46	the	the	DET
ftr-323	629	47	exemption	exemption	NOUN
ftr-323	629	48	regime	regime	NOUN
ftr-323	629	49	.	.	PUNCT
ftr-323	630	1	a	a	DET
ftr-323	630	2	second	second	ADJ
ftr-323	630	3	approach	approach	NOUN
ftr-323	630	4	would	would	AUX
ftr-323	630	5	be	be	AUX
ftr-323	630	6	to	to	PART
ftr-323	630	7	apply	apply	VERB
ftr-323	630	8	the	the	DET
ftr-323	630	9	exemption	exemption	NOUN
ftr-323	630	10	system	system	NOUN
ftr-323	630	11	to	to	ADP
ftr-323	630	12	a	a	DET
ftr-323	630	13	domestic	domestic	ADJ
ftr-323	630	14	corporation	corporation	NOUN
ftr-323	630	15	’s	’s	PART
ftr-323	630	16	10	10	NUM
ftr-323	630	17	percent	percent	NOUN
ftr-323	630	18	or	or	CCONJ
ftr-323	630	19	greater	great	ADJ
ftr-323	630	20	stock	stock	NOUN
ftr-323	630	21	interest	interest	NOUN
ftr-323	630	22	in	in	ADP
ftr-323	630	23	a	a	DET
ftr-323	630	24	noncontrolled	noncontrolled	ADJ
ftr-323	630	25	foreign	foreign	ADJ
ftr-323	630	26	corporation	corporation	NOUN
ftr-323	630	27	only	only	ADV
ftr-323	630	28	if	if	SCONJ
ftr-323	630	29	the	the	DET
ftr-323	630	30	domestic	domestic	ADJ
ftr-323	630	31	corporation	corporation	NOUN
ftr-323	630	32	so	so	SCONJ
ftr-323	630	33	elects	elect	NOUN
ftr-323	630	34	.	.	PUNCT
ftr-323	631	1	the	the	DET
ftr-323	631	2	major	major	ADJ
ftr-323	631	3	argument	argument	NOUN
ftr-323	631	4	in	in	ADP
ftr-323	631	5	favor	favor	NOUN
ftr-323	631	6	of	of	ADP
ftr-323	631	7	this	this	DET
ftr-323	631	8	approach	approach	NOUN
ftr-323	631	9	is	be	AUX
ftr-323	631	10	that	that	SCONJ
ftr-323	631	11	it	it	PRON
ftr-323	631	12	allows	allow	VERB
ftr-323	631	13	a	a	DET
ftr-323	631	14	u.s	u.s	PROPN
ftr-323	631	15	.	.	PROPN
ftr-323	631	16	shareholder	shareholder	NOUN
ftr-323	631	17	to	to	PART
ftr-323	631	18	avoid	avoid	VERB
ftr-323	631	19	application	application	NOUN
ftr-323	631	20	of	of	ADP
ftr-323	631	21	the	the	DET
ftr-323	631	22	exemption	exemption	NOUN
ftr-323	631	23	system	system	NOUN
ftr-323	631	24	in	in	ADP
ftr-323	631	25	situations	situation	NOUN
ftr-323	631	26	where	where	SCONJ
ftr-323	631	27	it	it	PRON
ftr-323	631	28	is	be	AUX
ftr-323	631	29	unable	unable	ADJ
ftr-323	631	30	to	to	PART
ftr-323	631	31	obtain	obtain	VERB
ftr-323	631	32	the	the	DET
ftr-323	631	33	necessary	necessary	ADJ
ftr-323	631	34	information	information	NOUN
ftr-323	631	35	concerning	concern	VERB
ftr-323	631	36	the	the	DET
ftr-323	631	37	nature	nature	NOUN
ftr-323	631	38	of	of	ADP
ftr-323	631	39	the	the	DET
ftr-323	631	40	income	income	NOUN
ftr-323	631	41	earned	earn	VERB
ftr-323	631	42	by	by	ADP
ftr-323	631	43	the	the	DET
ftr-323	631	44	foreign	foreign	ADJ
ftr-323	631	45	corporation	corporation	NOUN
ftr-323	631	46	in	in	ADP
ftr-323	631	47	order	order	NOUN
ftr-323	631	48	the	the	PRON
ftr-323	631	49	apply	apply	VERB
ftr-323	631	50	the	the	DET
ftr-323	631	51	rules	rule	NOUN
ftr-323	631	52	of	of	ADP
ftr-323	631	53	the	the	DET
ftr-323	631	54	exemption	exemption	NOUN
ftr-323	631	55	system	system	NOUN
ftr-323	631	56	.	.	PUNCT
ftr-323	632	1	however	however	ADV
ftr-323	632	2	,	,	PUNCT
ftr-323	632	3	taxpayer	taxpayer	NOUN
ftr-323	632	4	elections	election	NOUN
ftr-323	632	5	are	be	AUX
ftr-323	632	6	a	a	DET
ftr-323	632	7	one	one	NUM
ftr-323	632	8	-	-	PUNCT
ftr-323	632	9	way	way	NOUN
ftr-323	632	10	ratchet	ratchet	NOUN
ftr-323	632	11	—	—	PUNCT
ftr-323	632	12	they	they	PRON
ftr-323	632	13	only	only	ADV
ftr-323	632	14	work	work	VERB
ftr-323	632	15	to	to	ADP
ftr-323	632	16	the	the	DET
ftr-323	632	17	detriment	detriment	NOUN
ftr-323	632	18	of	of	ADP
ftr-323	632	19	the	the	DET
ftr-323	632	20	fisc	fisc	NOUN
ftr-323	632	21	and	and	CCONJ
ftr-323	632	22	create	create	VERB
ftr-323	632	23	tax	tax	NOUN
ftr-323	632	24	-	-	PUNCT
ftr-323	632	25	planning	planning	NOUN
ftr-323	632	26	opportunities	opportunity	NOUN
ftr-323	632	27	for	for	ADP
ftr-323	632	28	well	well	ADV
ftr-323	632	29	-	-	PUNCT
ftr-323	632	30	advised	advise	VERB
ftr-323	632	31	taxpayers	taxpayer	NOUN
ftr-323	632	32	.	.	PUNCT
ftr-323	633	1	moreover	moreover	ADV
ftr-323	633	2	,	,	PUNCT
ftr-323	633	3	this	this	DET
ftr-323	633	4	approach	approach	NOUN
ftr-323	633	5	would	would	AUX
ftr-323	633	6	also	also	ADV
ftr-323	633	7	require	require	VERB
ftr-323	633	8	retention	retention	NOUN
ftr-323	633	9	of	of	ADP
ftr-323	633	10	all	all	PRON
ftr-323	633	11	of	of	ADP
ftr-323	633	12	the	the	DET
ftr-323	633	13	current	current	ADJ
ftr-323	633	14	international	international	ADJ
ftr-323	633	15	tax	tax	NOUN
ftr-323	633	16	rules	rule	NOUN
ftr-323	633	17	relating	relate	VERB
ftr-323	633	18	to	to	ADP
ftr-323	633	19	noncontrolled	noncontrolle	VERB
ftr-323	633	20	10/50	10/50	NUM
ftr-323	633	21	foreign	foreign	ADJ
ftr-323	633	22	corporations	corporation	NOUN
ftr-323	633	23	.	.	PUNCT
ftr-323	634	1	one	one	NUM
ftr-323	634	2	way	way	NOUN
ftr-323	634	3	to	to	PART
ftr-323	634	4	reduce	reduce	VERB
ftr-323	634	5	the	the	DET
ftr-323	634	6	scope	scope	NOUN
ftr-323	634	7	of	of	ADP
ftr-323	634	8	the	the	DET
ftr-323	634	9	election	election	NOUN
ftr-323	634	10	is	be	AUX
ftr-323	634	11	to	to	PART
ftr-323	634	12	limit	limit	VERB
ftr-323	634	13	it	it	PRON
ftr-323	634	14	to	to	ADP
ftr-323	634	15	10	10	NUM
ftr-323	634	16	percent	percent	NOUN
ftr-323	634	17	or	or	CCONJ
ftr-323	634	18	more	more	ADJ
ftr-323	634	19	u.s	u.s	PROPN
ftr-323	634	20	.	.	PROPN
ftr-323	634	21	shareholders	shareholder	NOUN
ftr-323	634	22	in	in	ADP
ftr-323	634	23	non	non	ADJ
ftr-323	634	24	-	-	ADJ
ftr-323	634	25	publicly	publicly	ADV
ftr-323	634	26	traded	trade	VERB
ftr-323	634	27	foreign	foreign	ADJ
ftr-323	634	28	corporations	corporation	NOUN
ftr-323	634	29	that	that	PRON
ftr-323	634	30	are	be	AUX
ftr-323	634	31	not	not	PART
ftr-323	634	32	cfcs	cfc	VERB
ftr-323	634	33	.	.	PUNCT
ftr-323	635	1	the	the	DET
ftr-323	635	2	third	third	ADJ
ftr-323	635	3	approach	approach	NOUN
ftr-323	635	4	would	would	AUX
ftr-323	635	5	be	be	AUX
ftr-323	635	6	to	to	PART
ftr-323	635	7	apply	apply	VERB
ftr-323	635	8	the	the	DET
ftr-323	635	9	exemption	exemption	NOUN
ftr-323	635	10	system	system	NOUN
ftr-323	635	11	to	to	ADP
ftr-323	635	12	any	any	DET
ftr-323	635	13	domestic	domestic	ADJ
ftr-323	635	14	corporate	corporate	ADJ
ftr-323	635	15	stock	stock	NOUN
ftr-323	635	16	interest	interest	NOUN
ftr-323	635	17	in	in	ADP
ftr-323	635	18	a	a	DET
ftr-323	635	19	foreign	foreign	ADJ
ftr-323	635	20	corporation	corporation	NOUN
ftr-323	635	21	that	that	PRON
ftr-323	635	22	equals	equal	VERB
ftr-323	635	23	or	or	CCONJ
ftr-323	635	24	exceeds	exceed	VERB
ftr-323	635	25	the	the	DET
ftr-323	635	26	10	10	NUM
ftr-323	635	27	percent	percent	NOUN
ftr-323	635	28	threshold	threshold	NOUN
ftr-323	635	29	,	,	PUNCT
ftr-323	635	30	regardless	regardless	ADV
ftr-323	635	31	of	of	ADP
ftr-323	635	32	whether	whether	SCONJ
ftr-323	635	33	the	the	DET
ftr-323	635	34	foreign	foreign	ADJ
ftr-323	635	35	corporation	corporation	NOUN
ftr-323	635	36	involved	involve	VERB
ftr-323	635	37	is	be	AUX
ftr-323	635	38	a	a	DET
ftr-323	635	39	cfc	cfc	NOUN
ftr-323	635	40	,	,	PUNCT
ftr-323	635	41	on	on	ADP
ftr-323	635	42	a	a	DET
ftr-323	635	43	non	non	ADJ
ftr-323	635	44	-	-	ADJ
ftr-323	635	45	elective	elective	ADJ
ftr-323	635	46	basis	basis	NOUN
ftr-323	635	47	.	.	PUNCT
ftr-323	636	1	on	on	ADP
ftr-323	636	2	balance	balance	NOUN
ftr-323	636	3	,	,	PUNCT
ftr-323	636	4	we	we	PRON
ftr-323	636	5	think	think	VERB
ftr-323	636	6	that	that	SCONJ
ftr-323	636	7	this	this	PRON
ftr-323	636	8	is	be	AUX
ftr-323	636	9	the	the	DET
ftr-323	636	10	best	good	ADJ
ftr-323	636	11	approach	approach	NOUN
ftr-323	636	12	because	because	SCONJ
ftr-323	636	13	there	there	PRON
ftr-323	636	14	seems	seem	VERB
ftr-323	636	15	to	to	PART
ftr-323	636	16	be	be	AUX
ftr-323	636	17	little	little	ADJ
ftr-323	636	18	logic	logic	NOUN
ftr-323	636	19	to	to	ADP
ftr-323	636	20	limiting	limit	VERB
ftr-323	636	21	the	the	DET
ftr-323	636	22	exemption	exemption	NOUN
ftr-323	636	23	system	system	NOUN
ftr-323	636	24	only	only	ADV
ftr-323	636	25	to	to	ADP
ftr-323	636	26	foreign	foreign	ADJ
ftr-323	636	27	corporations	corporation	NOUN
ftr-323	636	28	meeting	meet	VERB
ftr-323	636	29	the	the	DET
ftr-323	636	30	definition	definition	NOUN
ftr-323	636	31	of	of	ADP
ftr-323	636	32	a	a	DET
ftr-323	636	33	cfc	cfc	NOUN
ftr-323	636	34	,	,	PUNCT
ftr-323	636	35	and	and	CCONJ
ftr-323	636	36	mandating	mandate	VERB
ftr-323	636	37	application	application	NOUN
ftr-323	636	38	of	of	ADP
ftr-323	636	39	the	the	DET
ftr-323	636	40	exemption	exemption	NOUN
ftr-323	636	41	system	system	NOUN
ftr-323	636	42	will	will	AUX
ftr-323	636	43	permit	permit	VERB
ftr-323	636	44	simplification	simplification	NOUN
ftr-323	636	45	of	of	ADP
ftr-323	636	46	the	the	DET
ftr-323	636	47	current	current	ADJ
ftr-323	636	48	international	international	ADJ
ftr-323	636	49	tax	tax	NOUN
ftr-323	636	50	rules	rule	NOUN
ftr-323	636	51	relating	relate	VERB
ftr-323	636	52	to	to	ADP
ftr-323	636	53	noncontrolled	noncontrolle	VERB
ftr-323	636	54	10/50	10/50	NUM
ftr-323	636	55	foreign	foreign	ADJ
ftr-323	636	56	corporations	corporation	NOUN
ftr-323	636	57	and	and	CCONJ
ftr-323	636	58	reduce	reduce	VERB
ftr-323	636	59	tax	tax	NOUN
ftr-323	636	60	-	-	PUNCT
ftr-323	636	61	planning	planning	NOUN
ftr-323	636	62	opportunities	opportunity	NOUN
ftr-323	636	63	that	that	PRON
ftr-323	636	64	undermine	undermine	VERB
ftr-323	636	65	the	the	DET
ftr-323	636	66	u.s	u.s	PROPN
ftr-323	636	67	.	.	PROPN
ftr-323	636	68	tax	tax	NOUN
ftr-323	636	69	base	base	NOUN
ftr-323	636	70	.	.	PUNCT
ftr-323	637	1	110	110	NUM
ftr-323	637	2	.	.	PUNCT
ftr-323	638	1	see	see	VERB
ftr-323	638	2	,	,	PUNCT
ftr-323	638	3	e.g.	e.g.	ADV
ftr-323	638	4	,	,	PUNCT
ftr-323	638	5	gustafson	gustafson	PROPN
ftr-323	638	6	,	,	PUNCT
ftr-323	638	7	peroni	peroni	PROPN
ftr-323	638	8	&	&	CCONJ
ftr-323	638	9	pugh	pugh	PROPN
ftr-323	638	10	,	,	PUNCT
ftr-323	638	11	taxation	taxation	NOUN
ftr-323	638	12	of	of	ADP
ftr-323	638	13	international	international	ADJ
ftr-323	638	14	transactions	transaction	NOUN
ftr-323	638	15	,	,	PUNCT
ftr-323	638	16	supra	supra	PROPN
ftr-323	638	17	note	note	NOUN
ftr-323	638	18	10	10	NUM
ftr-323	638	19	,	,	PUNCT
ftr-323	638	20	at	at	ADP
ftr-323	638	21	494–95	494–95	NUM
ftr-323	638	22	.	.	PUNCT
ftr-323	639	1	430	430	NUM
ftr-323	639	2	florida	florida	PROPN
ftr-323	639	3	tax	tax	NOUN
ftr-323	639	4	review	review	NOUN
ftr-323	639	5	[	[	X
ftr-323	639	6	vol	vol	NOUN
ftr-323	639	7	.	.	PUNCT
ftr-323	639	8	13:8	13:8	NUM
ftr-323	639	9	2	2	NUM
ftr-323	639	10	.	.	PUNCT
ftr-323	639	11	individual	individual	ADJ
ftr-323	639	12	shareholders	shareholder	NOUN
ftr-323	639	13	the	the	DET
ftr-323	639	14	major	major	ADJ
ftr-323	639	15	focus	focus	NOUN
ftr-323	639	16	of	of	ADP
ftr-323	639	17	proponents	proponent	NOUN
ftr-323	639	18	of	of	ADP
ftr-323	639	19	territorial	territorial	ADJ
ftr-323	639	20	taxation	taxation	NOUN
ftr-323	639	21	is	be	AUX
ftr-323	639	22	on	on	ADP
ftr-323	639	23	domestic	domestic	ADJ
ftr-323	639	24	corporate	corporate	ADJ
ftr-323	639	25	investment	investment	NOUN
ftr-323	639	26	in	in	ADP
ftr-323	639	27	foreign	foreign	ADJ
ftr-323	639	28	corporations	corporation	NOUN
ftr-323	639	29	;	;	PUNCT
ftr-323	639	30	little	little	ADJ
ftr-323	639	31	attention	attention	NOUN
ftr-323	639	32	has	have	AUX
ftr-323	639	33	been	be	AUX
ftr-323	639	34	paid	pay	VERB
ftr-323	639	35	to	to	ADP
ftr-323	639	36	how	how	SCONJ
ftr-323	639	37	foreign	foreign	ADJ
ftr-323	639	38	-	-	PUNCT
ftr-323	639	39	source	source	NOUN
ftr-323	639	40	income	income	NOUN
ftr-323	639	41	earned	earn	VERB
ftr-323	639	42	by	by	ADP
ftr-323	639	43	individuals	individual	NOUN
ftr-323	639	44	should	should	AUX
ftr-323	639	45	be	be	AUX
ftr-323	639	46	treated	treat	VERB
ftr-323	639	47	under	under	ADP
ftr-323	639	48	such	such	DET
ftr-323	639	49	a	a	DET
ftr-323	639	50	system.111	system.111	PROPN
ftr-323	639	51	however	however	ADV
ftr-323	639	52	,	,	PUNCT
ftr-323	639	53	the	the	DET
ftr-323	639	54	question	question	NOUN
ftr-323	639	55	arises	arise	VERB
ftr-323	639	56	as	as	ADP
ftr-323	639	57	to	to	ADP
ftr-323	639	58	whether	whether	SCONJ
ftr-323	639	59	a	a	DET
ftr-323	639	60	properly	properly	ADV
ftr-323	639	61	designed	design	VERB
ftr-323	639	62	territorial	territorial	ADJ
ftr-323	639	63	system	system	NOUN
ftr-323	639	64	should	should	AUX
ftr-323	639	65	apply	apply	VERB
ftr-323	639	66	to	to	ADP
ftr-323	639	67	individuals	individual	NOUN
ftr-323	639	68	,	,	PUNCT
ftr-323	639	69	either	either	CCONJ
ftr-323	639	70	with	with	ADP
ftr-323	639	71	respect	respect	NOUN
ftr-323	639	72	to	to	ADP
ftr-323	639	73	the	the	DET
ftr-323	639	74	dividends	dividend	NOUN
ftr-323	639	75	they	they	PRON
ftr-323	639	76	receive	receive	VERB
ftr-323	639	77	from	from	ADP
ftr-323	639	78	a	a	DET
ftr-323	639	79	foreign	foreign	ADJ
ftr-323	639	80	corporation	corporation	NOUN
ftr-323	639	81	or	or	CCONJ
ftr-323	639	82	with	with	ADP
ftr-323	639	83	respect	respect	NOUN
ftr-323	639	84	to	to	ADP
ftr-323	639	85	foreign	foreign	ADJ
ftr-323	639	86	income	income	NOUN
ftr-323	639	87	that	that	PRON
ftr-323	639	88	they	they	PRON
ftr-323	639	89	earn	earn	VERB
ftr-323	639	90	directly	directly	ADV
ftr-323	639	91	as	as	ADP
ftr-323	639	92	individual	individual	ADJ
ftr-323	639	93	business	business	NOUN
ftr-323	639	94	proprietors	proprietor	NOUN
ftr-323	639	95	or	or	CCONJ
ftr-323	639	96	investors	investor	NOUN
ftr-323	639	97	.	.	PUNCT
ftr-323	640	1	with	with	ADP
ftr-323	640	2	respect	respect	NOUN
ftr-323	640	3	to	to	ADP
ftr-323	640	4	dividends	dividend	NOUN
ftr-323	640	5	,	,	PUNCT
ftr-323	640	6	we	we	PRON
ftr-323	640	7	would	would	AUX
ftr-323	640	8	not	not	PART
ftr-323	640	9	apply	apply	VERB
ftr-323	640	10	the	the	DET
ftr-323	640	11	same	same	ADJ
ftr-323	640	12	rules	rule	NOUN
ftr-323	640	13	to	to	ADP
ftr-323	640	14	10	10	NUM
ftr-323	640	15	percent	percent	NOUN
ftr-323	640	16	or	or	CCONJ
ftr-323	640	17	more	more	ADJ
ftr-323	640	18	individual	individual	ADJ
ftr-323	640	19	shareholders	shareholder	NOUN
ftr-323	640	20	of	of	ADP
ftr-323	640	21	foreign	foreign	ADJ
ftr-323	640	22	corporations	corporation	NOUN
ftr-323	640	23	as	as	ADP
ftr-323	640	24	those	those	PRON
ftr-323	640	25	that	that	PRON
ftr-323	640	26	apply	apply	VERB
ftr-323	640	27	to	to	ADP
ftr-323	640	28	domestic	domestic	ADJ
ftr-323	640	29	corporate	corporate	ADJ
ftr-323	640	30	shareholders	shareholder	NOUN
ftr-323	640	31	meeting	meet	VERB
ftr-323	640	32	the	the	DET
ftr-323	640	33	10	10	NUM
ftr-323	640	34	percent	percent	NOUN
ftr-323	640	35	ownership	ownership	NOUN
ftr-323	640	36	threshold	threshold	NOUN
ftr-323	640	37	.	.	PUNCT
ftr-323	641	1	under	under	ADP
ftr-323	641	2	the	the	DET
ftr-323	641	3	u.s	u.s	PROPN
ftr-323	641	4	.	.	PROPN
ftr-323	641	5	corporate	corporate	ADJ
ftr-323	641	6	system	system	NOUN
ftr-323	641	7	of	of	ADP
ftr-323	641	8	classical	classical	ADJ
ftr-323	641	9	corporate	corporate	ADJ
ftr-323	641	10	taxation	taxation	NOUN
ftr-323	641	11	,	,	PUNCT
ftr-323	641	12	earnings	earning	NOUN
ftr-323	641	13	are	be	AUX
ftr-323	641	14	taxed	tax	VERB
ftr-323	641	15	once	once	ADV
ftr-323	641	16	at	at	ADP
ftr-323	641	17	the	the	DET
ftr-323	641	18	corporate	corporate	ADJ
ftr-323	641	19	level	level	NOUN
ftr-323	641	20	and	and	CCONJ
ftr-323	641	21	after	after	ADP
ftr-323	641	22	-	-	PUNCT
ftr-323	641	23	tax	tax	NOUN
ftr-323	641	24	earnings	earning	NOUN
ftr-323	641	25	are	be	AUX
ftr-323	641	26	taxed	tax	VERB
ftr-323	641	27	again	again	ADV
ftr-323	641	28	at	at	ADP
ftr-323	641	29	the	the	DET
ftr-323	641	30	level	level	NOUN
ftr-323	641	31	of	of	ADP
ftr-323	641	32	the	the	DET
ftr-323	641	33	shareholder	shareholder	NOUN
ftr-323	641	34	.	.	PUNCT
ftr-323	642	1	there	there	PRON
ftr-323	642	2	is	be	VERB
ftr-323	642	3	no	no	DET
ftr-323	642	4	risk	risk	NOUN
ftr-323	642	5	of	of	ADP
ftr-323	642	6	double	double	ADJ
ftr-323	642	7	corporatelevel	corporatelevel	NOUN
ftr-323	642	8	taxation	taxation	NOUN
ftr-323	642	9	where	where	SCONJ
ftr-323	642	10	a	a	DET
ftr-323	642	11	foreign	foreign	ADJ
ftr-323	642	12	corporation	corporation	NOUN
ftr-323	642	13	is	be	AUX
ftr-323	642	14	owned	own	VERB
ftr-323	642	15	directly	directly	ADV
ftr-323	642	16	by	by	ADP
ftr-323	642	17	a	a	DET
ftr-323	642	18	non	non	ADJ
ftr-323	642	19	-	-	ADJ
ftr-323	642	20	c	c	ADJ
ftr-323	642	21	corporation	corporation	NOUN
ftr-323	642	22	shareholder	shareholder	NOUN
ftr-323	642	23	.	.	PUNCT
ftr-323	643	1	moreover	moreover	ADV
ftr-323	643	2	,	,	PUNCT
ftr-323	643	3	the	the	DET
ftr-323	643	4	u.s	u.s	PROPN
ftr-323	643	5	.	.	PROPN
ftr-323	643	6	classical	classical	ADJ
ftr-323	643	7	corporate	corporate	ADJ
ftr-323	643	8	tax	tax	NOUN
ftr-323	643	9	system	system	NOUN
ftr-323	643	10	assumes	assume	VERB
ftr-323	643	11	that	that	SCONJ
ftr-323	643	12	dividends	dividend	NOUN
ftr-323	643	13	between	between	ADP
ftr-323	643	14	members	member	NOUN
ftr-323	643	15	of	of	ADP
ftr-323	643	16	a	a	DET
ftr-323	643	17	corporate	corporate	ADJ
ftr-323	643	18	group	group	NOUN
ftr-323	643	19	should	should	AUX
ftr-323	643	20	be	be	AUX
ftr-323	643	21	taxfree	taxfree	NOUN
ftr-323	643	22	or	or	CCONJ
ftr-323	643	23	bear	bear	VERB
ftr-323	643	24	very	very	ADV
ftr-323	643	25	little	little	ADJ
ftr-323	643	26	tax.112	tax.112	NOUN
ftr-323	643	27	this	this	DET
ftr-323	643	28	assumption	assumption	NOUN
ftr-323	643	29	,	,	PUNCT
ftr-323	643	30	however	however	ADV
ftr-323	643	31	,	,	PUNCT
ftr-323	643	32	does	do	AUX
ftr-323	643	33	not	not	PART
ftr-323	643	34	apply	apply	VERB
ftr-323	643	35	to	to	ADP
ftr-323	643	36	dividends	dividend	NOUN
ftr-323	643	37	received	receive	VERB
ftr-323	643	38	by	by	ADP
ftr-323	643	39	individual	individual	ADJ
ftr-323	643	40	shareholders	shareholder	NOUN
ftr-323	643	41	.	.	PUNCT
ftr-323	644	1	in	in	ADP
ftr-323	644	2	addition	addition	NOUN
ftr-323	644	3	,	,	PUNCT
ftr-323	644	4	if	if	SCONJ
ftr-323	644	5	a	a	DET
ftr-323	644	6	u.s	u.s	PROPN
ftr-323	644	7	.	.	PROPN
ftr-323	644	8	exemption	exemption	NOUN
ftr-323	644	9	system	system	NOUN
ftr-323	644	10	provided	provide	VERB
ftr-323	644	11	a	a	DET
ftr-323	644	12	tax	tax	NOUN
ftr-323	644	13	exemption	exemption	NOUN
ftr-323	644	14	for	for	ADP
ftr-323	644	15	dividends	dividend	NOUN
ftr-323	644	16	received	receive	VERB
ftr-323	644	17	by	by	ADP
ftr-323	644	18	non	non	ADJ
ftr-323	644	19	-	-	ADJ
ftr-323	644	20	c	c	ADJ
ftr-323	644	21	corporation	corporation	NOUN
ftr-323	644	22	shareholders	shareholder	NOUN
ftr-323	644	23	,	,	PUNCT
ftr-323	644	24	it	it	PRON
ftr-323	644	25	would	would	AUX
ftr-323	644	26	be	be	AUX
ftr-323	644	27	giving	give	VERB
ftr-323	644	28	away	away	ADP
ftr-323	644	29	revenue	revenue	NOUN
ftr-323	644	30	that	that	SCONJ
ftr-323	644	31	no	no	DET
ftr-323	644	32	other	other	ADJ
ftr-323	644	33	significant	significant	ADJ
ftr-323	644	34	exemption	exemption	NOUN
ftr-323	644	35	system	system	NOUN
ftr-323	644	36	country	country	NOUN
ftr-323	644	37	has	have	AUX
ftr-323	644	38	chosen	choose	VERB
ftr-323	644	39	to	to	PART
ftr-323	644	40	surrender	surrender	VERB
ftr-323	644	41	,	,	PUNCT
ftr-323	644	42	and	and	CCONJ
ftr-323	644	43	in	in	ADP
ftr-323	644	44	a	a	DET
ftr-323	644	45	situation	situation	NOUN
ftr-323	644	46	where	where	SCONJ
ftr-323	644	47	any	any	DET
ftr-323	644	48	international	international	ADJ
ftr-323	644	49	double	double	ADJ
ftr-323	644	50	taxation	taxation	NOUN
ftr-323	644	51	arising	arise	VERB
ftr-323	644	52	from	from	ADP
ftr-323	644	53	a	a	DET
ftr-323	644	54	foreign	foreign	ADJ
ftr-323	644	55	withholding	withholding	NOUN
ftr-323	644	56	tax	tax	NOUN
ftr-323	644	57	on	on	ADP
ftr-323	644	58	the	the	DET
ftr-323	644	59	dividend	dividend	NOUN
ftr-323	644	60	income	income	NOUN
ftr-323	644	61	is	be	AUX
ftr-323	644	62	ameliorated	ameliorate	VERB
ftr-323	644	63	by	by	ADP
ftr-323	644	64	a	a	DET
ftr-323	644	65	direct	direct	ADJ
ftr-323	644	66	foreign	foreign	ADJ
ftr-323	644	67	tax	tax	NOUN
ftr-323	644	68	credit	credit	NOUN
ftr-323	644	69	under	under	ADP
ftr-323	644	70	section	section	NOUN
ftr-323	644	71	901	901	NUM
ftr-323	644	72	.	.	PUNCT
ftr-323	645	1	thus	thus	ADV
ftr-323	645	2	,	,	PUNCT
ftr-323	645	3	we	we	PRON
ftr-323	645	4	would	would	AUX
ftr-323	645	5	continue	continue	VERB
ftr-323	645	6	to	to	PART
ftr-323	645	7	apply	apply	VERB
ftr-323	645	8	current	current	ADJ
ftr-323	645	9	law	law	NOUN
ftr-323	645	10	to	to	ADP
ftr-323	645	11	non	non	ADJ
ftr-323	645	12	-	-	ADJ
ftr-323	645	13	c	c	ADJ
ftr-323	645	14	corporation	corporation	NOUN
ftr-323	645	15	shareholders	shareholder	NOUN
ftr-323	645	16	.	.	PUNCT
ftr-323	646	1	one	one	NUM
ftr-323	646	2	related	relate	VERB
ftr-323	646	3	matter	matter	NOUN
ftr-323	646	4	bears	bear	NOUN
ftr-323	646	5	mention	mention	VERB
ftr-323	646	6	here	here	ADV
ftr-323	646	7	.	.	PUNCT
ftr-323	647	1	if	if	SCONJ
ftr-323	647	2	an	an	DET
ftr-323	647	3	individual	individual	ADJ
ftr-323	647	4	taxpayer	taxpayer	NOUN
ftr-323	647	5	earns	earn	VERB
ftr-323	647	6	foreign	foreign	ADJ
ftr-323	647	7	-	-	PUNCT
ftr-323	647	8	source	source	NOUN
ftr-323	647	9	business	business	NOUN
ftr-323	647	10	income	income	NOUN
ftr-323	647	11	directly	directly	ADV
ftr-323	647	12	,	,	PUNCT
ftr-323	647	13	rather	rather	ADV
ftr-323	647	14	than	than	ADP
ftr-323	647	15	through	through	ADP
ftr-323	647	16	a	a	DET
ftr-323	647	17	foreign	foreign	ADJ
ftr-323	647	18	corporation	corporation	NOUN
ftr-323	647	19	,	,	PUNCT
ftr-323	647	20	one	one	PRON
ftr-323	647	21	could	could	AUX
ftr-323	647	22	argue	argue	VERB
ftr-323	647	23	that	that	SCONJ
ftr-323	647	24	logic	logic	NOUN
ftr-323	647	25	and	and	CCONJ
ftr-323	647	26	horizontal	horizontal	ADJ
ftr-323	647	27	equity	equity	NOUN
ftr-323	647	28	considerations	consideration	NOUN
ftr-323	647	29	support	support	NOUN
ftr-323	647	30	applying	apply	VERB
ftr-323	647	31	the	the	DET
ftr-323	647	32	territorial	territorial	ADJ
ftr-323	647	33	system	system	NOUN
ftr-323	647	34	to	to	ADP
ftr-323	647	35	such	such	ADJ
ftr-323	647	36	income	income	NOUN
ftr-323	647	37	earned	earn	VERB
ftr-323	647	38	by	by	ADP
ftr-323	647	39	an	an	DET
ftr-323	647	40	individual	individual	NOUN
ftr-323	647	41	,	,	PUNCT
ftr-323	647	42	but	but	CCONJ
ftr-323	647	43	only	only	ADV
ftr-323	647	44	with	with	ADP
ftr-323	647	45	respect	respect	NOUN
ftr-323	647	46	to	to	ADP
ftr-323	647	47	the	the	DET
ftr-323	647	48	types	type	NOUN
ftr-323	647	49	of	of	ADP
ftr-323	647	50	income	income	NOUN
ftr-323	647	51	that	that	PRON
ftr-323	647	52	would	would	AUX
ftr-323	647	53	qualify	qualify	VERB
ftr-323	647	54	for	for	ADP
ftr-323	647	55	exemption	exemption	NOUN
ftr-323	647	56	if	if	SCONJ
ftr-323	647	57	earned	earn	VERB
ftr-323	647	58	by	by	ADP
ftr-323	647	59	a	a	DET
ftr-323	647	60	foreign	foreign	ADJ
ftr-323	647	61	corporation	corporation	NOUN
ftr-323	647	62	or	or	CCONJ
ftr-323	647	63	by	by	ADP
ftr-323	647	64	a	a	DET
ftr-323	647	65	branch	branch	NOUN
ftr-323	647	66	of	of	ADP
ftr-323	647	67	a	a	DET
ftr-323	647	68	foreign	foreign	ADJ
ftr-323	647	69	corporation	corporation	NOUN
ftr-323	647	70	.	.	PUNCT
ftr-323	648	1	however	however	ADV
ftr-323	648	2	,	,	PUNCT
ftr-323	648	3	the	the	DET
ftr-323	648	4	comparison	comparison	NOUN
ftr-323	648	5	is	be	AUX
ftr-323	648	6	not	not	PART
ftr-323	648	7	apt	apt	ADJ
ftr-323	648	8	as	as	SCONJ
ftr-323	648	9	the	the	DET
ftr-323	648	10	individual	individual	NOUN
ftr-323	648	11	is	be	AUX
ftr-323	648	12	not	not	PART
ftr-323	648	13	subject	subject	ADJ
ftr-323	648	14	to	to	ADP
ftr-323	648	15	a	a	DET
ftr-323	648	16	separate	separate	ADJ
ftr-323	648	17	additional	additional	ADJ
ftr-323	648	18	level	level	NOUN
ftr-323	648	19	of	of	ADP
ftr-323	648	20	taxation	taxation	NOUN
ftr-323	648	21	of	of	ADP
ftr-323	648	22	this	this	DET
ftr-323	648	23	income	income	NOUN
ftr-323	648	24	and	and	CCONJ
ftr-323	648	25	the	the	DET
ftr-323	648	26	individual	individual	NOUN
ftr-323	648	27	is	be	AUX
ftr-323	648	28	protected	protect	VERB
ftr-323	648	29	against	against	ADP
ftr-323	648	30	double	double	ADJ
ftr-323	648	31	taxation	taxation	NOUN
ftr-323	648	32	on	on	ADP
ftr-323	648	33	foreign	foreign	ADJ
ftr-323	648	34	business	business	NOUN
ftr-323	648	35	income	income	NOUN
ftr-323	648	36	by	by	ADP
ftr-323	648	37	the	the	DET
ftr-323	648	38	availability	availability	NOUN
ftr-323	648	39	of	of	ADP
ftr-323	648	40	a	a	DET
ftr-323	648	41	foreign	foreign	ADJ
ftr-323	648	42	tax	tax	NOUN
ftr-323	648	43	credit	credit	NOUN
ftr-323	648	44	.	.	PUNCT
ftr-323	649	1	moreover	moreover	ADV
ftr-323	649	2	,	,	PUNCT
ftr-323	649	3	no	no	DET
ftr-323	649	4	other	other	ADJ
ftr-323	649	5	significant	significant	ADJ
ftr-323	649	6	exemption	exemption	NOUN
ftr-323	649	7	country	country	NOUN
ftr-323	649	8	has	have	AUX
ftr-323	649	9	chosen	choose	VERB
ftr-323	649	10	to	to	PART
ftr-323	649	11	take	take	VERB
ftr-323	649	12	this	this	DET
ftr-323	649	13	approach	approach	NOUN
ftr-323	649	14	,	,	PUNCT
ftr-323	649	15	thereby	thereby	ADV
ftr-323	649	16	surrendering	surrender	VERB
ftr-323	649	17	the	the	DET
ftr-323	649	18	111	111	NUM
ftr-323	649	19	.	.	PUNCT
ftr-323	650	1	see	see	VERB
ftr-323	650	2	graetz	graetz	PROPN
ftr-323	650	3	&	&	CCONJ
ftr-323	650	4	oosterhuis	oosterhuis	PROPN
ftr-323	650	5	,	,	PUNCT
ftr-323	650	6	structuring	structure	VERB
ftr-323	650	7	an	an	DET
ftr-323	650	8	exemption	exemption	NOUN
ftr-323	650	9	system	system	NOUN
ftr-323	650	10	,	,	PUNCT
ftr-323	650	11	supra	supra	PROPN
ftr-323	650	12	note	note	NOUN
ftr-323	650	13	50	50	NUM
ftr-323	650	14	,	,	PUNCT
ftr-323	650	15	at	at	ADP
ftr-323	650	16	780	780	NUM
ftr-323	650	17	.	.	PUNCT
ftr-323	651	1	112	112	NUM
ftr-323	651	2	.	.	PUNCT
ftr-323	652	1	see	see	VERB
ftr-323	652	2	,	,	PUNCT
ftr-323	652	3	e.g.	e.g.	ADV
ftr-323	652	4	,	,	PUNCT
ftr-323	652	5	i.r.c	i.r.c	NOUN
ftr-323	652	6	.	.	PUNCT
ftr-323	653	1	§	§	PROPN
ftr-323	653	2	§	§	PROPN
ftr-323	653	3	243	243	NUM
ftr-323	653	4	,	,	PUNCT
ftr-323	653	5	1501	1501	NUM
ftr-323	653	6	.	.	PUNCT
ftr-323	654	1	2012	2012	NUM
ftr-323	654	2	]	]	PUNCT
ftr-323	654	3	exemption	exemption	NOUN
ftr-323	654	4	when	when	SCONJ
ftr-323	654	5	the	the	DET
ftr-323	654	6	treasury	treasury	NOUN
ftr-323	654	7	is	be	AUX
ftr-323	654	8	empty	empty	ADJ
ftr-323	654	9	431	431	NUM
ftr-323	654	10	residual	residual	ADJ
ftr-323	654	11	tax	tax	NOUN
ftr-323	654	12	on	on	ADP
ftr-323	654	13	such	such	ADJ
ftr-323	654	14	income.113	income.113	NOUN
ftr-323	654	15	thus	thus	ADV
ftr-323	654	16	,	,	PUNCT
ftr-323	654	17	we	we	PRON
ftr-323	654	18	do	do	AUX
ftr-323	654	19	not	not	PART
ftr-323	654	20	favor	favor	VERB
ftr-323	654	21	extension	extension	NOUN
ftr-323	654	22	of	of	ADP
ftr-323	654	23	the	the	DET
ftr-323	654	24	exemption	exemption	NOUN
ftr-323	654	25	system	system	NOUN
ftr-323	654	26	to	to	ADP
ftr-323	654	27	foreign	foreign	ADJ
ftr-323	654	28	business	business	NOUN
ftr-323	654	29	income	income	NOUN
ftr-323	654	30	earned	earn	VERB
ftr-323	654	31	directly	directly	ADV
ftr-323	654	32	by	by	ADP
ftr-323	654	33	individuals	individual	NOUN
ftr-323	654	34	.	.	PUNCT
ftr-323	655	1	c.	c.	PROPN
ftr-323	655	2	should	should	AUX
ftr-323	655	3	royalty	royalty	NOUN
ftr-323	655	4	,	,	PUNCT
ftr-323	655	5	interest	interest	NOUN
ftr-323	655	6	,	,	PUNCT
ftr-323	655	7	and	and	CCONJ
ftr-323	655	8	services	service	NOUN
ftr-323	655	9	payments	payment	NOUN
ftr-323	655	10	from	from	ADP
ftr-323	655	11	foreign	foreign	ADJ
ftr-323	655	12	corporations	corporation	NOUN
ftr-323	655	13	qualify	qualify	VERB
ftr-323	655	14	for	for	ADP
ftr-323	655	15	exemption	exemption	NOUN
ftr-323	655	16	?	?	PUNCT
ftr-323	656	1	1	1	X
ftr-323	656	2	.	.	X
ftr-323	656	3	royalties	royaltie	VERB
ftr-323	656	4	foreign	foreign	ADJ
ftr-323	656	5	-	-	PUNCT
ftr-323	656	6	source	source	NOUN
ftr-323	656	7	royalties	royalty	NOUN
ftr-323	656	8	received	receive	VERB
ftr-323	656	9	by	by	ADP
ftr-323	656	10	u.s	u.s	PROPN
ftr-323	656	11	.	.	PROPN
ftr-323	656	12	residents	resident	NOUN
ftr-323	656	13	typically	typically	ADV
ftr-323	656	14	bear	bear	VERB
ftr-323	656	15	no	no	DET
ftr-323	656	16	foreign	foreign	ADJ
ftr-323	656	17	income	income	NOUN
ftr-323	656	18	tax	tax	NOUN
ftr-323	656	19	because	because	SCONJ
ftr-323	656	20	the	the	DET
ftr-323	656	21	foreign	foreign	ADJ
ftr-323	656	22	payors	payor	NOUN
ftr-323	656	23	are	be	AUX
ftr-323	656	24	allowed	allow	VERB
ftr-323	656	25	to	to	PART
ftr-323	656	26	deduct	deduct	VERB
ftr-323	656	27	the	the	DET
ftr-323	656	28	royalty	royalty	NOUN
ftr-323	656	29	payments	payment	NOUN
ftr-323	656	30	when	when	SCONJ
ftr-323	656	31	computing	compute	VERB
ftr-323	656	32	foreign	foreign	ADJ
ftr-323	656	33	taxable	taxable	ADJ
ftr-323	656	34	income	income	NOUN
ftr-323	656	35	and	and	CCONJ
ftr-323	656	36	the	the	DET
ftr-323	656	37	payments	payment	NOUN
ftr-323	656	38	are	be	AUX
ftr-323	656	39	frequently	frequently	ADV
ftr-323	656	40	exempted	exempt	VERB
ftr-323	656	41	from	from	ADP
ftr-323	656	42	foreign	foreign	ADJ
ftr-323	656	43	withholding	withholding	NOUN
ftr-323	656	44	tax	tax	NOUN
ftr-323	656	45	by	by	ADP
ftr-323	656	46	an	an	DET
ftr-323	656	47	applicable	applicable	ADJ
ftr-323	656	48	income	income	NOUN
ftr-323	656	49	tax	tax	NOUN
ftr-323	656	50	treaty	treaty	NOUN
ftr-323	656	51	.	.	PUNCT
ftr-323	657	1	thus	thus	ADV
ftr-323	657	2	,	,	PUNCT
ftr-323	657	3	there	there	PRON
ftr-323	657	4	is	be	VERB
ftr-323	657	5	usually	usually	ADV
ftr-323	657	6	no	no	DET
ftr-323	657	7	international	international	ADJ
ftr-323	657	8	double	double	ADJ
ftr-323	657	9	taxation	taxation	NOUN
ftr-323	657	10	with	with	ADP
ftr-323	657	11	respect	respect	NOUN
ftr-323	657	12	to	to	ADP
ftr-323	657	13	the	the	DET
ftr-323	657	14	foreign	foreign	ADJ
ftr-323	657	15	-	-	PUNCT
ftr-323	657	16	source	source	NOUN
ftr-323	657	17	royalty	royalty	NOUN
ftr-323	657	18	receipts	receipt	NOUN
ftr-323	657	19	of	of	ADP
ftr-323	657	20	u.s	u.s	PROPN
ftr-323	657	21	.	.	PROPN
ftr-323	657	22	taxpayers	taxpayer	NOUN
ftr-323	657	23	and	and	CCONJ
ftr-323	657	24	,	,	PUNCT
ftr-323	657	25	therefore	therefore	ADV
ftr-323	657	26	,	,	PUNCT
ftr-323	657	27	no	no	DET
ftr-323	657	28	reason	reason	NOUN
ftr-323	657	29	to	to	PART
ftr-323	657	30	provide	provide	VERB
ftr-323	657	31	double	double	ADJ
ftr-323	657	32	taxation	taxation	NOUN
ftr-323	657	33	relief	relief	NOUN
ftr-323	657	34	.	.	PUNCT
ftr-323	658	1	surprisingly	surprisingly	ADV
ftr-323	658	2	,	,	PUNCT
ftr-323	658	3	however	however	ADV
ftr-323	658	4	,	,	PUNCT
ftr-323	658	5	the	the	DET
ftr-323	658	6	u.s	u.s	PROPN
ftr-323	658	7	.	.	PROPN
ftr-323	658	8	international	international	ADJ
ftr-323	658	9	income	income	NOUN
ftr-323	658	10	tax	tax	NOUN
ftr-323	658	11	regime	regime	NOUN
ftr-323	658	12	effectively	effectively	ADV
ftr-323	658	13	ignores	ignore	VERB
ftr-323	658	14	this	this	DET
ftr-323	658	15	point	point	NOUN
ftr-323	658	16	with	with	ADP
ftr-323	658	17	regard	regard	NOUN
ftr-323	658	18	to	to	ADP
ftr-323	658	19	foreign	foreign	ADJ
ftr-323	658	20	-	-	PUNCT
ftr-323	658	21	source	source	NOUN
ftr-323	658	22	royalties	royalty	NOUN
ftr-323	658	23	paid	pay	VERB
ftr-323	658	24	by	by	ADP
ftr-323	658	25	a	a	DET
ftr-323	658	26	cfc	cfc	NOUN
ftr-323	658	27	to	to	ADP
ftr-323	658	28	its	its	PRON
ftr-323	658	29	u.s	u.s	PROPN
ftr-323	658	30	.	.	PROPN
ftr-323	658	31	parent	parent	NOUN
ftr-323	658	32	corporation	corporation	NOUN
ftr-323	658	33	.	.	PUNCT
ftr-323	659	1	this	this	PRON
ftr-323	659	2	is	be	AUX
ftr-323	659	3	the	the	DET
ftr-323	659	4	case	case	NOUN
ftr-323	659	5	because	because	SCONJ
ftr-323	659	6	look	look	VERB
ftr-323	659	7	-	-	PUNCT
ftr-323	659	8	through	through	ADP
ftr-323	659	9	rules	rule	NOUN
ftr-323	659	10	in	in	ADP
ftr-323	659	11	section	section	NOUN
ftr-323	659	12	904(d)(3	904(d)(3	NUM
ftr-323	659	13	)	)	PUNCT
ftr-323	659	14	of	of	ADP
ftr-323	659	15	current	current	ADJ
ftr-323	659	16	law	law	NOUN
ftr-323	659	17	provide	provide	VERB
ftr-323	659	18	that	that	SCONJ
ftr-323	659	19	lowor	lowor	NOUN
ftr-323	659	20	zero	zero	NUM
ftr-323	659	21	-	-	PUNCT
ftr-323	659	22	taxed	tax	VERB
ftr-323	659	23	foreign	foreign	ADJ
ftr-323	659	24	-	-	PUNCT
ftr-323	659	25	source	source	NOUN
ftr-323	659	26	royalties	royalty	NOUN
ftr-323	659	27	received	receive	VERB
ftr-323	659	28	by	by	ADP
ftr-323	659	29	a	a	DET
ftr-323	659	30	u.s	u.s	PROPN
ftr-323	659	31	.	.	PROPN
ftr-323	659	32	parent	parent	NOUN
ftr-323	659	33	corporation	corporation	NOUN
ftr-323	659	34	from	from	ADP
ftr-323	659	35	a	a	DET
ftr-323	659	36	subsidiary	subsidiary	NOUN
ftr-323	659	37	that	that	PRON
ftr-323	659	38	is	be	AUX
ftr-323	659	39	a	a	DET
ftr-323	659	40	cfc	cfc	NOUN
ftr-323	659	41	go	go	VERB
ftr-323	659	42	into	into	ADP
ftr-323	659	43	the	the	DET
ftr-323	659	44	general	general	ADJ
ftr-323	659	45	category	category	NOUN
ftr-323	659	46	foreign	foreign	ADJ
ftr-323	659	47	tax	tax	NOUN
ftr-323	659	48	credit	credit	NOUN
ftr-323	659	49	limitation	limitation	NOUN
ftr-323	659	50	basket	basket	NOUN
ftr-323	659	51	.	.	PUNCT
ftr-323	660	1	that	that	DET
ftr-323	660	2	basket	basket	NOUN
ftr-323	660	3	also	also	ADV
ftr-323	660	4	includes	include	VERB
ftr-323	660	5	both	both	CCONJ
ftr-323	660	6	high	high	ADJ
ftr-323	660	7	-	-	PUNCT
ftr-323	660	8	foreign	foreign	ADJ
ftr-323	660	9	-	-	PUNCT
ftr-323	660	10	taxed	tax	VERB
ftr-323	660	11	dividends	dividend	NOUN
ftr-323	660	12	paid	pay	VERB
ftr-323	660	13	to	to	ADP
ftr-323	660	14	the	the	DET
ftr-323	660	15	u.s	u.s	PROPN
ftr-323	660	16	.	.	PROPN
ftr-323	660	17	parent	parent	NOUN
ftr-323	660	18	corporation	corporation	NOUN
ftr-323	660	19	by	by	ADP
ftr-323	660	20	other	other	ADJ
ftr-323	660	21	cfcs	cfc	NOUN
ftr-323	660	22	and	and	CCONJ
ftr-323	660	23	any	any	DET
ftr-323	660	24	directly	directly	ADV
ftr-323	660	25	-	-	PUNCT
ftr-323	660	26	earned	earn	VERB
ftr-323	660	27	active	active	ADJ
ftr-323	660	28	foreign	foreign	ADJ
ftr-323	660	29	business	business	NOUN
ftr-323	660	30	income	income	NOUN
ftr-323	660	31	of	of	ADP
ftr-323	660	32	the	the	DET
ftr-323	660	33	parent	parent	NOUN
ftr-323	660	34	that	that	PRON
ftr-323	660	35	bears	bear	VERB
ftr-323	660	36	a	a	DET
ftr-323	660	37	high	high	ADJ
ftr-323	660	38	foreign	foreign	ADJ
ftr-323	660	39	tax.114	tax.114	NOUN
ftr-323	660	40	foreign	foreign	ADJ
ftr-323	660	41	taxes	taxis	NOUN
ftr-323	660	42	on	on	ADP
ftr-323	660	43	this	this	DET
ftr-323	660	44	113	113	NUM
ftr-323	660	45	.	.	PUNCT
ftr-323	661	1	some	some	DET
ftr-323	661	2	countries	country	NOUN
ftr-323	661	3	provide	provide	VERB
ftr-323	661	4	an	an	DET
ftr-323	661	5	exemption	exemption	NOUN
ftr-323	661	6	for	for	ADP
ftr-323	661	7	foreign	foreign	ADJ
ftr-323	661	8	-	-	PUNCT
ftr-323	661	9	source	source	NOUN
ftr-323	661	10	personal	personal	ADJ
ftr-323	661	11	service	service	NOUN
ftr-323	661	12	income	income	NOUN
ftr-323	661	13	earned	earn	VERB
ftr-323	661	14	by	by	ADP
ftr-323	661	15	resident	resident	ADJ
ftr-323	661	16	individuals	individual	NOUN
ftr-323	661	17	.	.	PUNCT
ftr-323	662	1	see	see	VERB
ftr-323	662	2	ault	ault	PROPN
ftr-323	662	3	&	&	CCONJ
ftr-323	662	4	arnold	arnold	PROPN
ftr-323	662	5	,	,	PUNCT
ftr-323	662	6	comparative	comparative	ADJ
ftr-323	662	7	taxation	taxation	NOUN
ftr-323	662	8	,	,	PUNCT
ftr-323	662	9	supra	supra	PROPN
ftr-323	662	10	note	note	VERB
ftr-323	662	11	50	50	NUM
ftr-323	662	12	,	,	PUNCT
ftr-323	662	13	at	at	ADP
ftr-323	662	14	468–69	468–69	NUM
ftr-323	662	15	.	.	PUNCT
ftr-323	663	1	the	the	DET
ftr-323	663	2	u.s	u.s	PROPN
ftr-323	663	3	.	.	PROPN
ftr-323	663	4	version	version	NOUN
ftr-323	663	5	of	of	ADP
ftr-323	663	6	this	this	DET
ftr-323	663	7	exemption	exemption	NOUN
ftr-323	663	8	is	be	AUX
ftr-323	663	9	found	find	VERB
ftr-323	663	10	in	in	ADP
ftr-323	663	11	section	section	NOUN
ftr-323	663	12	911	911	NUM
ftr-323	663	13	.	.	PUNCT
ftr-323	664	1	the	the	DET
ftr-323	664	2	present	present	ADJ
ftr-323	664	3	discussion	discussion	NOUN
ftr-323	664	4	deals	deal	VERB
ftr-323	664	5	only	only	ADV
ftr-323	664	6	with	with	ADP
ftr-323	664	7	the	the	DET
ftr-323	664	8	question	question	NOUN
ftr-323	664	9	of	of	ADP
ftr-323	664	10	whether	whether	SCONJ
ftr-323	664	11	the	the	DET
ftr-323	664	12	exemption	exemption	NOUN
ftr-323	664	13	system	system	NOUN
ftr-323	664	14	should	should	AUX
ftr-323	664	15	be	be	AUX
ftr-323	664	16	extended	extend	VERB
ftr-323	664	17	to	to	ADP
ftr-323	664	18	foreign	foreign	ADJ
ftr-323	664	19	business	business	NOUN
ftr-323	664	20	activities	activity	NOUN
ftr-323	664	21	of	of	ADP
ftr-323	664	22	u.s	u.s	PROPN
ftr-323	664	23	.	.	PROPN
ftr-323	664	24	resident	resident	ADJ
ftr-323	664	25	individuals	individual	NOUN
ftr-323	664	26	when	when	SCONJ
ftr-323	664	27	the	the	DET
ftr-323	664	28	activities	activity	NOUN
ftr-323	664	29	do	do	AUX
ftr-323	664	30	not	not	PART
ftr-323	664	31	consist	consist	VERB
ftr-323	664	32	primarily	primarily	ADV
ftr-323	664	33	of	of	ADP
ftr-323	664	34	the	the	DET
ftr-323	664	35	individuals	individual	NOUN
ftr-323	664	36	’	'	PUNCT
ftr-323	664	37	performance	performance	NOUN
ftr-323	664	38	of	of	ADP
ftr-323	664	39	personal	personal	ADJ
ftr-323	664	40	services	service	NOUN
ftr-323	664	41	.	.	PUNCT
ftr-323	665	1	we	we	PRON
ftr-323	665	2	postpone	postpone	VERB
ftr-323	665	3	to	to	ADP
ftr-323	665	4	a	a	DET
ftr-323	665	5	subsequent	subsequent	ADJ
ftr-323	665	6	article	article	NOUN
ftr-323	665	7	a	a	DET
ftr-323	665	8	discussion	discussion	NOUN
ftr-323	665	9	of	of	ADP
ftr-323	665	10	whether	whether	SCONJ
ftr-323	665	11	section	section	NOUN
ftr-323	665	12	911	911	NUM
ftr-323	665	13	should	should	AUX
ftr-323	665	14	be	be	AUX
ftr-323	665	15	repealed	repeal	VERB
ftr-323	665	16	or	or	CCONJ
ftr-323	665	17	modified	modify	VERB
ftr-323	665	18	.	.	PUNCT
ftr-323	666	1	for	for	ADP
ftr-323	666	2	policy	policy	NOUN
ftr-323	666	3	discussions	discussion	NOUN
ftr-323	666	4	regarding	regard	VERB
ftr-323	666	5	the	the	DET
ftr-323	666	6	section	section	NOUN
ftr-323	666	7	911	911	NUM
ftr-323	666	8	exclusion	exclusion	NOUN
ftr-323	666	9	,	,	PUNCT
ftr-323	666	10	see	see	VERB
ftr-323	666	11	gustafson	gustafson	PROPN
ftr-323	666	12	,	,	PUNCT
ftr-323	666	13	peroni	peroni	PROPN
ftr-323	666	14	&	&	CCONJ
ftr-323	666	15	pugh	pugh	PROPN
ftr-323	666	16	,	,	PUNCT
ftr-323	666	17	taxation	taxation	NOUN
ftr-323	666	18	of	of	ADP
ftr-323	666	19	international	international	ADJ
ftr-323	666	20	transactions	transaction	NOUN
ftr-323	666	21	,	,	PUNCT
ftr-323	666	22	supra	supra	PROPN
ftr-323	666	23	note	note	NOUN
ftr-323	666	24	10	10	NUM
ftr-323	666	25	,	,	PUNCT
ftr-323	666	26	at	at	ADP
ftr-323	666	27	454–57	454–57	PROPN
ftr-323	666	28	;	;	PUNCT
ftr-323	666	29	kuntz	kuntz	PROPN
ftr-323	666	30	&	&	CCONJ
ftr-323	666	31	peroni	peroni	PROPN
ftr-323	666	32	,	,	PUNCT
ftr-323	666	33	u.s	u.s	PROPN
ftr-323	666	34	.	.	PROPN
ftr-323	666	35	international	international	ADJ
ftr-323	666	36	taxation	taxation	PROPN
ftr-323	666	37	,	,	PUNCT
ftr-323	666	38	supra	supra	PROPN
ftr-323	666	39	note	note	PROPN
ftr-323	666	40	94	94	NUM
ftr-323	666	41	,	,	PUNCT
ftr-323	666	42	at	at	ADP
ftr-323	666	43	¶	¶	PROPN
ftr-323	666	44	b1.04[1	b1.04[1	PROPN
ftr-323	666	45	]	]	PUNCT
ftr-323	666	46	;	;	PUNCT
ftr-323	666	47	charles	charles	PROPN
ftr-323	666	48	i.	i.	PROPN
ftr-323	666	49	kingson	kingson	PROPN
ftr-323	666	50	,	,	PUNCT
ftr-323	666	51	a	a	DET
ftr-323	666	52	somewhat	somewhat	ADV
ftr-323	666	53	different	different	ADJ
ftr-323	666	54	view	view	NOUN
ftr-323	666	55	,	,	PUNCT
ftr-323	666	56	34	34	NUM
ftr-323	666	57	tax	tax	NOUN
ftr-323	666	58	law	law	NOUN
ftr-323	666	59	.	.	PUNCT
ftr-323	667	1	737	737	NUM
ftr-323	667	2	(	(	PUNCT
ftr-323	667	3	1981	1981	NUM
ftr-323	667	4	)	)	PUNCT
ftr-323	667	5	;	;	PUNCT
ftr-323	667	6	john	john	PROPN
ftr-323	667	7	d.	d.	PROPN
ftr-323	667	8	maiers	maiers	PROPN
ftr-323	667	9	,	,	PUNCT
ftr-323	667	10	the	the	DET
ftr-323	667	11	foreign	foreign	ADJ
ftr-323	667	12	earned	earn	VERB
ftr-323	667	13	income	income	NOUN
ftr-323	667	14	exclusion	exclusion	NOUN
ftr-323	667	15	:	:	PUNCT
ftr-323	667	16	reinventing	reinvent	VERB
ftr-323	667	17	the	the	DET
ftr-323	667	18	wheel	wheel	NOUN
ftr-323	667	19	,	,	PUNCT
ftr-323	667	20	34	34	NUM
ftr-323	667	21	tax	tax	NOUN
ftr-323	667	22	law	law	NOUN
ftr-323	667	23	.	.	PUNCT
ftr-323	668	1	691	691	NUM
ftr-323	668	2	(	(	PUNCT
ftr-323	668	3	1981	1981	NUM
ftr-323	668	4	)	)	PUNCT
ftr-323	668	5	;	;	PUNCT
ftr-323	668	6	renée	renée	PROPN
ftr-323	668	7	judith	judith	PROPN
ftr-323	668	8	sobel	sobel	PROPN
ftr-323	668	9	,	,	PUNCT
ftr-323	668	10	united	united	PROPN
ftr-323	668	11	states	states	PROPN
ftr-323	668	12	taxation	taxation	NOUN
ftr-323	668	13	of	of	ADP
ftr-323	668	14	its	its	PRON
ftr-323	668	15	citizens	citizen	NOUN
ftr-323	668	16	abroad	abroad	ADV
ftr-323	668	17	:	:	PUNCT
ftr-323	668	18	incentive	incentive	NOUN
ftr-323	668	19	or	or	CCONJ
ftr-323	668	20	equity	equity	NOUN
ftr-323	668	21	,	,	PUNCT
ftr-323	668	22	38	38	NUM
ftr-323	668	23	vand	vand	NOUN
ftr-323	668	24	.	.	PUNCT
ftr-323	669	1	l.	l.	PROPN
ftr-323	669	2	rev	rev	PROPN
ftr-323	669	3	.	.	PROPN
ftr-323	670	1	101	101	NUM
ftr-323	670	2	(	(	PUNCT
ftr-323	670	3	1985	1985	NUM
ftr-323	670	4	)	)	PUNCT
ftr-323	670	5	.	.	PUNCT
ftr-323	671	1	114	114	NUM
ftr-323	671	2	.	.	PUNCT
ftr-323	672	1	see	see	VERB
ftr-323	672	2	,	,	PUNCT
ftr-323	672	3	e.g.	e.g.	ADV
ftr-323	672	4	,	,	PUNCT
ftr-323	672	5	lawrence	lawrence	PROPN
ftr-323	672	6	lokken	lokken	PROPN
ftr-323	672	7	,	,	PUNCT
ftr-323	672	8	territorial	territorial	ADJ
ftr-323	672	9	taxation	taxation	NOUN
ftr-323	672	10	:	:	PUNCT
ftr-323	672	11	why	why	SCONJ
ftr-323	672	12	some	some	DET
ftr-323	672	13	u.s	u.s	PROPN
ftr-323	672	14	.	.	PROPN
ftr-323	672	15	multinationals	multinational	NOUN
ftr-323	672	16	may	may	AUX
ftr-323	672	17	be	be	AUX
ftr-323	672	18	less	less	ADJ
ftr-323	672	19	than	than	ADP
ftr-323	672	20	enthusiastic	enthusiastic	ADJ
ftr-323	672	21	about	about	ADP
ftr-323	672	22	the	the	DET
ftr-323	672	23	idea	idea	NOUN
ftr-323	672	24	(	(	PUNCT
ftr-323	672	25	and	and	CCONJ
ftr-323	672	26	some	some	DET
ftr-323	672	27	ideas	idea	NOUN
ftr-323	672	28	they	they	PRON
ftr-323	672	29	really	really	ADV
ftr-323	672	30	dislike	dislike	VERB
ftr-323	672	31	)	)	PUNCT
ftr-323	672	32	,	,	PUNCT
ftr-323	672	33	59	59	NUM
ftr-323	672	34	smu	smu	PROPN
ftr-323	672	35	l.	l.	PROPN
ftr-323	672	36	rev	rev	PROPN
ftr-323	672	37	.	.	PROPN
ftr-323	672	38	751	751	NUM
ftr-323	672	39	,	,	PUNCT
ftr-323	672	40	764–67	764–67	NUM
ftr-323	672	41	(	(	PUNCT
ftr-323	672	42	2006	2006	NUM
ftr-323	672	43	)	)	PUNCT
ftr-323	673	1	[	[	X
ftr-323	673	2	hereinafter	hereinafter	NOUN
ftr-323	673	3	lokken	lokken	VERB
ftr-323	673	4	,	,	PUNCT
ftr-323	673	5	territorial	territorial	ADJ
ftr-323	673	6	taxation	taxation	NOUN
ftr-323	673	7	]	]	PUNCT
ftr-323	673	8	.	.	PUNCT
ftr-323	674	1	432	432	NUM
ftr-323	674	2	florida	florida	PROPN
ftr-323	674	3	tax	tax	NOUN
ftr-323	674	4	review	review	NOUN
ftr-323	675	1	[	[	X
ftr-323	675	2	vol	vol	NOUN
ftr-323	675	3	.	.	PUNCT
ftr-323	676	1	13:8	13:8	NUM
ftr-323	676	2	income	income	NOUN
ftr-323	676	3	that	that	PRON
ftr-323	676	4	exceed	exceed	VERB
ftr-323	676	5	the	the	DET
ftr-323	676	6	u.s	u.s	PROPN
ftr-323	676	7	.	.	PROPN
ftr-323	676	8	tax	tax	NOUN
ftr-323	676	9	thereon	thereon	NOUN
ftr-323	676	10	are	be	AUX
ftr-323	676	11	then	then	ADV
ftr-323	676	12	offset	offset	VERB
ftr-323	676	13	against	against	ADP
ftr-323	676	14	the	the	DET
ftr-323	676	15	u.s	u.s	PROPN
ftr-323	676	16	.	.	PROPN
ftr-323	676	17	tax	tax	NOUN
ftr-323	676	18	on	on	ADP
ftr-323	676	19	the	the	DET
ftr-323	676	20	foreign	foreign	ADJ
ftr-323	676	21	-	-	PUNCT
ftr-323	676	22	source	source	NOUN
ftr-323	676	23	royalties	royalty	NOUN
ftr-323	676	24	—	—	PUNCT
ftr-323	676	25	a	a	DET
ftr-323	676	26	process	process	NOUN
ftr-323	676	27	known	know	VERB
ftr-323	676	28	as	as	ADP
ftr-323	676	29	“	"	PUNCT
ftr-323	676	30	cross	cross	ADJ
ftr-323	676	31	-	-	ADJ
ftr-323	676	32	crediting	crediting	ADJ
ftr-323	676	33	.	.	PUNCT
ftr-323	676	34	”	"	PUNCT
ftr-323	677	1	this	this	PRON
ftr-323	677	2	can	can	AUX
ftr-323	677	3	substantially	substantially	ADV
ftr-323	677	4	diminish	diminish	VERB
ftr-323	677	5	the	the	DET
ftr-323	677	6	u.s	u.s	PROPN
ftr-323	677	7	.	.	PROPN
ftr-323	677	8	tax	tax	NOUN
ftr-323	677	9	on	on	ADP
ftr-323	677	10	the	the	DET
ftr-323	677	11	royalties	royalty	NOUN
ftr-323	677	12	or	or	CCONJ
ftr-323	677	13	reduce	reduce	VERB
ftr-323	677	14	it	it	PRON
ftr-323	677	15	to	to	ADP
ftr-323	677	16	zero	zero	NUM
ftr-323	677	17	even	even	ADV
ftr-323	677	18	though	though	SCONJ
ftr-323	677	19	the	the	DET
ftr-323	677	20	royalties	royalty	NOUN
ftr-323	677	21	do	do	AUX
ftr-323	677	22	not	not	PART
ftr-323	677	23	suffer	suffer	VERB
ftr-323	677	24	any	any	DET
ftr-323	677	25	significant	significant	ADJ
ftr-323	677	26	double	double	ADJ
ftr-323	677	27	taxation.115	taxation.115	NOUN
ftr-323	677	28	the	the	DET
ftr-323	677	29	following	follow	VERB
ftr-323	677	30	example	example	NOUN
ftr-323	677	31	illustrates	illustrate	VERB
ftr-323	677	32	this	this	DET
ftr-323	677	33	dynamic	dynamic	ADJ
ftr-323	677	34	.	.	PUNCT
ftr-323	678	1	example	example	NOUN
ftr-323	678	2	1	1	NUM
ftr-323	678	3	usco	usco	NOUN
ftr-323	678	4	,	,	PUNCT
ftr-323	678	5	a	a	DET
ftr-323	678	6	u.s	u.s	PROPN
ftr-323	678	7	.	.	PROPN
ftr-323	678	8	multinational	multinational	ADJ
ftr-323	678	9	corporation	corporation	NOUN
ftr-323	678	10	with	with	ADP
ftr-323	678	11	a	a	DET
ftr-323	678	12	35	35	NUM
ftr-323	678	13	percent	percent	NOUN
ftr-323	678	14	u.s	u.s	PROPN
ftr-323	678	15	.	.	PROPN
ftr-323	678	16	marginal	marginal	ADJ
ftr-323	678	17	effective	effective	ADJ
ftr-323	678	18	income	income	NOUN
ftr-323	678	19	tax	tax	NOUN
ftr-323	678	20	rate	rate	NOUN
ftr-323	678	21	,	,	PUNCT
ftr-323	678	22	owns	own	VERB
ftr-323	678	23	all	all	DET
ftr-323	678	24	the	the	DET
ftr-323	678	25	stock	stock	NOUN
ftr-323	678	26	of	of	ADP
ftr-323	678	27	subco	subco	PROPN
ftr-323	678	28	,	,	PUNCT
ftr-323	678	29	a	a	DET
ftr-323	678	30	cfc	cfc	NOUN
ftr-323	678	31	operating	operate	VERB
ftr-323	678	32	in	in	ADP
ftr-323	678	33	the	the	DET
ftr-323	678	34	foreign	foreign	ADJ
ftr-323	678	35	country	country	NOUN
ftr-323	678	36	of	of	ADP
ftr-323	678	37	lowtaxia	lowtaxia	PROPN
ftr-323	678	38	.	.	PUNCT
ftr-323	679	1	lowtaxia	lowtaxia	PROPN
ftr-323	679	2	has	have	VERB
ftr-323	679	3	an	an	DET
ftr-323	679	4	income	income	NOUN
ftr-323	679	5	tax	tax	NOUN
ftr-323	679	6	treaty	treaty	NOUN
ftr-323	679	7	with	with	ADP
ftr-323	679	8	the	the	DET
ftr-323	679	9	united	united	PROPN
ftr-323	679	10	states	states	PROPN
ftr-323	679	11	that	that	PRON
ftr-323	679	12	exempts	exempt	VERB
ftr-323	679	13	royalties	royalty	NOUN
ftr-323	679	14	paid	pay	VERB
ftr-323	679	15	to	to	ADP
ftr-323	679	16	a	a	DET
ftr-323	679	17	u.s	u.s	PROPN
ftr-323	679	18	.	.	PROPN
ftr-323	679	19	resident	resident	NOUN
ftr-323	679	20	from	from	ADP
ftr-323	679	21	lowtaxia	lowtaxia	ADJ
ftr-323	679	22	income	income	NOUN
ftr-323	679	23	tax	tax	NOUN
ftr-323	679	24	unless	unless	SCONJ
ftr-323	679	25	the	the	DET
ftr-323	679	26	royalties	royalty	NOUN
ftr-323	679	27	are	be	AUX
ftr-323	679	28	attributable	attributable	ADJ
ftr-323	679	29	to	to	ADP
ftr-323	679	30	a	a	DET
ftr-323	679	31	permanent	permanent	ADJ
ftr-323	679	32	establishment	establishment	NOUN
ftr-323	679	33	maintained	maintain	VERB
ftr-323	679	34	by	by	ADP
ftr-323	679	35	the	the	DET
ftr-323	679	36	u.s	u.s	PROPN
ftr-323	679	37	.	.	PROPN
ftr-323	679	38	resident	resident	NOUN
ftr-323	679	39	in	in	ADP
ftr-323	679	40	lowtaxia	lowtaxia	PROPN
ftr-323	679	41	.	.	PUNCT
ftr-323	680	1	usco	usco	PROPN
ftr-323	680	2	licenses	license	VERB
ftr-323	680	3	a	a	DET
ftr-323	680	4	lowtaxia	lowtaxia	ADJ
ftr-323	680	5	patent	patent	NOUN
ftr-323	680	6	to	to	PART
ftr-323	680	7	subco	subco	VERB
ftr-323	680	8	for	for	ADP
ftr-323	680	9	use	use	NOUN
ftr-323	680	10	in	in	ADP
ftr-323	680	11	its	its	PRON
ftr-323	680	12	lowtaxia	lowtaxia	ADJ
ftr-323	680	13	manufacturing	manufacturing	NOUN
ftr-323	680	14	business	business	NOUN
ftr-323	680	15	.	.	PUNCT
ftr-323	681	1	for	for	ADP
ftr-323	681	2	the	the	DET
ftr-323	681	3	current	current	ADJ
ftr-323	681	4	year	year	NOUN
ftr-323	681	5	,	,	PUNCT
ftr-323	681	6	subco	subco	PROPN
ftr-323	681	7	pays	pay	VERB
ftr-323	681	8	usco	usco	ADJ
ftr-323	681	9	royalties	royalty	NOUN
ftr-323	681	10	of	of	ADP
ftr-323	681	11	$	$	SYM
ftr-323	681	12	100,000	100,000	NUM
ftr-323	681	13	under	under	ADP
ftr-323	681	14	its	its	PRON
ftr-323	681	15	license	license	NOUN
ftr-323	681	16	for	for	ADP
ftr-323	681	17	the	the	DET
ftr-323	681	18	lowtaxia	lowtaxia	PROPN
ftr-323	681	19	patent	patent	NOUN
ftr-323	681	20	,	,	PUNCT
ftr-323	681	21	which	which	PRON
ftr-323	681	22	is	be	AUX
ftr-323	681	23	treated	treat	VERB
ftr-323	681	24	as	as	ADP
ftr-323	681	25	foreign	foreign	ADJ
ftr-323	681	26	-	-	PUNCT
ftr-323	681	27	source	source	NOUN
ftr-323	681	28	income	income	NOUN
ftr-323	681	29	under	under	ADP
ftr-323	681	30	section	section	NOUN
ftr-323	681	31	862(a)(4	862(a)(4	PROPN
ftr-323	681	32	)	)	PUNCT
ftr-323	681	33	.	.	PUNCT
ftr-323	682	1	lowtaxia	lowtaxia	PROPN
ftr-323	682	2	allows	allow	VERB
ftr-323	682	3	subco	subco	PROPN
ftr-323	682	4	to	to	PART
ftr-323	682	5	deduct	deduct	VERB
ftr-323	682	6	these	these	DET
ftr-323	682	7	royalties	royalty	NOUN
ftr-323	682	8	in	in	ADP
ftr-323	682	9	computing	compute	VERB
ftr-323	682	10	its	its	PRON
ftr-323	682	11	taxable	taxable	ADJ
ftr-323	682	12	income	income	NOUN
ftr-323	682	13	.	.	PUNCT
ftr-323	683	1	usco	usco	PROPN
ftr-323	683	2	is	be	AUX
ftr-323	683	3	exempt	exempt	ADJ
ftr-323	683	4	from	from	ADP
ftr-323	683	5	lowtaxia	lowtaxia	ADJ
ftr-323	683	6	withholding	withholding	NOUN
ftr-323	683	7	tax	tax	NOUN
ftr-323	683	8	on	on	ADP
ftr-323	683	9	the	the	DET
ftr-323	683	10	royalties	royalty	NOUN
ftr-323	683	11	by	by	ADP
ftr-323	683	12	reason	reason	NOUN
ftr-323	683	13	of	of	ADP
ftr-323	683	14	the	the	DET
ftr-323	683	15	income	income	NOUN
ftr-323	683	16	tax	tax	NOUN
ftr-323	683	17	treaty	treaty	NOUN
ftr-323	683	18	with	with	ADP
ftr-323	683	19	the	the	DET
ftr-323	683	20	united	united	PROPN
ftr-323	683	21	states	states	PROPN
ftr-323	683	22	.	.	PUNCT
ftr-323	684	1	under	under	ADP
ftr-323	684	2	the	the	DET
ftr-323	684	3	look	look	VERB
ftr-323	684	4	-	-	PUNCT
ftr-323	684	5	through	through	ADP
ftr-323	684	6	rules	rule	NOUN
ftr-323	684	7	in	in	ADP
ftr-323	684	8	section	section	NOUN
ftr-323	684	9	904(d)(3	904(d)(3	NUM
ftr-323	684	10	)	)	PUNCT
ftr-323	684	11	,	,	PUNCT
ftr-323	684	12	usco	usco	PROPN
ftr-323	684	13	’s	’s	PART
ftr-323	684	14	royalty	royalty	NOUN
ftr-323	684	15	income	income	NOUN
ftr-323	684	16	falls	fall	VERB
ftr-323	684	17	within	within	ADP
ftr-323	684	18	the	the	DET
ftr-323	684	19	general	general	ADJ
ftr-323	684	20	category	category	NOUN
ftr-323	684	21	income	income	NOUN
ftr-323	684	22	limitation	limitation	NOUN
ftr-323	684	23	basket	basket	NOUN
ftr-323	684	24	,	,	PUNCT
ftr-323	684	25	which	which	PRON
ftr-323	684	26	also	also	ADV
ftr-323	684	27	contains	contain	VERB
ftr-323	684	28	other	other	ADJ
ftr-323	684	29	foreign	foreign	ADJ
ftr-323	684	30	income	income	NOUN
ftr-323	684	31	of	of	ADP
ftr-323	684	32	usco	usco	ADJ
ftr-323	684	33	bearing	bear	VERB
ftr-323	684	34	taxes	taxis	NOUN
ftr-323	684	35	that	that	PRON
ftr-323	684	36	exceed	exceed	VERB
ftr-323	684	37	the	the	DET
ftr-323	684	38	u.s	u.s	PROPN
ftr-323	684	39	.	.	PROPN
ftr-323	684	40	tax	tax	NOUN
ftr-323	684	41	thereon	thereon	NOUN
ftr-323	684	42	by	by	ADP
ftr-323	684	43	$	$	SYM
ftr-323	684	44	35,000	35,000	NUM
ftr-323	684	45	.	.	PUNCT
ftr-323	685	1	usco	usco	PROPN
ftr-323	685	2	is	be	AUX
ftr-323	685	3	allowed	allow	VERB
ftr-323	685	4	to	to	PART
ftr-323	685	5	cross	cross	VERB
ftr-323	685	6	credit	credit	NOUN
ftr-323	685	7	these	these	DET
ftr-323	685	8	excess	excess	ADJ
ftr-323	685	9	foreign	foreign	ADJ
ftr-323	685	10	taxes	taxis	NOUN
ftr-323	685	11	against	against	ADP
ftr-323	685	12	the	the	DET
ftr-323	685	13	$	$	SYM
ftr-323	685	14	35,000	35,000	NUM
ftr-323	685	15	of	of	ADP
ftr-323	685	16	u.s	u.s	PROPN
ftr-323	685	17	.	.	PROPN
ftr-323	685	18	tax	tax	NOUN
ftr-323	685	19	on	on	ADP
ftr-323	685	20	the	the	DET
ftr-323	685	21	zero	zero	NUM
ftr-323	685	22	-	-	PUNCT
ftr-323	685	23	foreign	foreign	ADJ
ftr-323	685	24	-	-	PUNCT
ftr-323	685	25	taxed	tax	VERB
ftr-323	685	26	lowtaxia	lowtaxia	ADJ
ftr-323	685	27	royalty	royalty	NOUN
ftr-323	685	28	income	income	NOUN
ftr-323	685	29	,	,	PUNCT
ftr-323	685	30	thus	thus	ADV
ftr-323	685	31	eliminating	eliminate	VERB
ftr-323	685	32	the	the	DET
ftr-323	685	33	entire	entire	ADJ
ftr-323	685	34	u.s	u.s	PROPN
ftr-323	685	35	.	.	PROPN
ftr-323	685	36	tax	tax	NOUN
ftr-323	685	37	on	on	ADP
ftr-323	685	38	that	that	DET
ftr-323	685	39	income	income	NOUN
ftr-323	685	40	.	.	PUNCT
ftr-323	686	1	this	this	PRON
ftr-323	686	2	means	mean	VERB
ftr-323	686	3	that	that	SCONJ
ftr-323	686	4	the	the	DET
ftr-323	686	5	$	$	SYM
ftr-323	686	6	100,000	100,000	NUM
ftr-323	686	7	of	of	ADP
ftr-323	686	8	royalty	royalty	NOUN
ftr-323	686	9	income	income	NOUN
ftr-323	686	10	is	be	AUX
ftr-323	686	11	completely	completely	ADV
ftr-323	686	12	taxexempt	taxexempt	ADJ
ftr-323	686	13	,	,	PUNCT
ftr-323	686	14	having	having	AUX
ftr-323	686	15	borne	bear	VERB
ftr-323	686	16	no	no	DET
ftr-323	686	17	tax	tax	NOUN
ftr-323	686	18	in	in	ADP
ftr-323	686	19	either	either	CCONJ
ftr-323	686	20	the	the	DET
ftr-323	686	21	united	united	PROPN
ftr-323	686	22	states	states	PROPN
ftr-323	686	23	or	or	CCONJ
ftr-323	686	24	lowtaxia	lowtaxia	NOUN
ftr-323	686	25	.	.	PUNCT
ftr-323	687	1	115	115	NUM
ftr-323	687	2	.	.	PUNCT
ftr-323	688	1	see	see	VERB
ftr-323	688	2	staff	staff	NOUN
ftr-323	688	3	of	of	ADP
ftr-323	688	4	joint	joint	ADJ
ftr-323	688	5	comm	comm	NOUN
ftr-323	688	6	.	.	PUNCT
ftr-323	689	1	,	,	PUNCT
ftr-323	689	2	analyses	analysis	NOUN
ftr-323	689	3	of	of	ADP
ftr-323	689	4	alternative	alternative	ADJ
ftr-323	689	5	policies	policy	NOUN
ftr-323	689	6	,	,	PUNCT
ftr-323	689	7	supra	supra	PROPN
ftr-323	689	8	note	note	NOUN
ftr-323	689	9	50	50	NUM
ftr-323	689	10	,	,	PUNCT
ftr-323	689	11	at	at	ADP
ftr-323	689	12	8	8	NUM
ftr-323	689	13	(	(	PUNCT
ftr-323	689	14	“	"	PUNCT
ftr-323	689	15	according	accord	VERB
ftr-323	689	16	to	to	ADP
ftr-323	689	17	one	one	NUM
ftr-323	689	18	study	study	NOUN
ftr-323	689	19	,	,	PUNCT
ftr-323	689	20	almost	almost	ADV
ftr-323	689	21	two	two	NUM
ftr-323	689	22	-	-	PUNCT
ftr-323	689	23	thirds	third	NOUN
ftr-323	689	24	of	of	ADP
ftr-323	689	25	royalties	royalty	NOUN
ftr-323	689	26	were	be	AUX
ftr-323	689	27	sheltered	shelter	VERB
ftr-323	689	28	by	by	ADP
ftr-323	689	29	excess	excess	ADJ
ftr-323	689	30	foreign	foreign	ADJ
ftr-323	689	31	tax	tax	NOUN
ftr-323	689	32	credits	credit	NOUN
ftr-323	689	33	in	in	ADP
ftr-323	689	34	2000	2000	NUM
ftr-323	689	35	.	.	PUNCT
ftr-323	689	36	”	"	PUNCT
ftr-323	689	37	)	)	PUNCT
ftr-323	689	38	;	;	PUNCT
ftr-323	689	39	staff	staff	NOUN
ftr-323	689	40	of	of	ADP
ftr-323	689	41	joint	joint	ADJ
ftr-323	689	42	comm	comm	NOUN
ftr-323	689	43	.	.	PUNCT
ftr-323	690	1	,	,	PUNCT
ftr-323	690	2	options	option	NOUN
ftr-323	690	3	,	,	PUNCT
ftr-323	690	4	supra	supra	PROPN
ftr-323	690	5	note	note	NOUN
ftr-323	690	6	41	41	NUM
ftr-323	690	7	,	,	PUNCT
ftr-323	690	8	at	at	ADP
ftr-323	690	9	188	188	NUM
ftr-323	690	10	;	;	PUNCT
ftr-323	690	11	harry	harry	PROPN
ftr-323	690	12	grubert	grubert	PROPN
ftr-323	690	13	&	&	CCONJ
ftr-323	690	14	john	john	PROPN
ftr-323	690	15	mutti	mutti	PROPN
ftr-323	690	16	,	,	PUNCT
ftr-323	690	17	taxing	tax	VERB
ftr-323	690	18	international	international	ADJ
ftr-323	690	19	business	business	NOUN
ftr-323	690	20	income	income	NOUN
ftr-323	690	21	:	:	PUNCT
ftr-323	690	22	dividend	dividend	NOUN
ftr-323	690	23	exemption	exemption	NOUN
ftr-323	690	24	versus	versus	ADP
ftr-323	690	25	the	the	DET
ftr-323	690	26	current	current	ADJ
ftr-323	690	27	system	system	NOUN
ftr-323	690	28	35	35	NUM
ftr-323	690	29	(	(	PUNCT
ftr-323	690	30	2001	2001	NUM
ftr-323	690	31	)	)	PUNCT
ftr-323	691	1	[	[	X
ftr-323	691	2	hereinafter	hereinafter	NOUN
ftr-323	691	3	grubert	grubert	NOUN
ftr-323	691	4	&	&	CCONJ
ftr-323	691	5	mutti	mutti	PROPN
ftr-323	691	6	,	,	PUNCT
ftr-323	691	7	taxing	tax	VERB
ftr-323	691	8	international	international	ADJ
ftr-323	691	9	business	business	NOUN
ftr-323	691	10	income	income	NOUN
ftr-323	691	11	]	]	PUNCT
ftr-323	691	12	(	(	PUNCT
ftr-323	691	13	“	"	PUNCT
ftr-323	691	14	in	in	ADP
ftr-323	691	15	1994	1994	NUM
ftr-323	691	16	,	,	PUNCT
ftr-323	691	17	this	this	DET
ftr-323	691	18	flow	flow	NOUN
ftr-323	691	19	of	of	ADP
ftr-323	691	20	excess	excess	ADJ
ftr-323	691	21	credit	credit	NOUN
ftr-323	691	22	royalties	royalty	NOUN
ftr-323	691	23	reduced	reduce	VERB
ftr-323	691	24	the	the	DET
ftr-323	691	25	u.s	u.s	PROPN
ftr-323	691	26	.	.	PROPN
ftr-323	691	27	tax	tax	NOUN
ftr-323	691	28	liabilities	liability	NOUN
ftr-323	691	29	of	of	ADP
ftr-323	691	30	u.s	u.s	PROPN
ftr-323	691	31	.	.	PROPN
ftr-323	691	32	parents	parent	NOUN
ftr-323	691	33	by	by	ADP
ftr-323	691	34	$	$	SYM
ftr-323	691	35	2.7	2.7	NUM
ftr-323	691	36	billion	billion	NUM
ftr-323	691	37	,	,	PUNCT
ftr-323	691	38	of	of	ADP
ftr-323	691	39	which	which	PRON
ftr-323	691	40	$	$	SYM
ftr-323	691	41	2.0	2.0	NUM
ftr-323	691	42	billion	billion	NUM
ftr-323	691	43	was	be	AUX
ftr-323	691	44	in	in	ADP
ftr-323	691	45	manufacturing	manufacturing	NOUN
ftr-323	691	46	.	.	PUNCT
ftr-323	691	47	”	"	PUNCT
ftr-323	691	48	)	)	PUNCT
ftr-323	691	49	;	;	PUNCT
ftr-323	691	50	graetz	graetz	PROPN
ftr-323	691	51	&	&	CCONJ
ftr-323	691	52	oosterhuis	oosterhuis	PROPN
ftr-323	691	53	,	,	PUNCT
ftr-323	691	54	structuring	structure	VERB
ftr-323	691	55	an	an	DET
ftr-323	691	56	exemption	exemption	NOUN
ftr-323	691	57	system	system	NOUN
ftr-323	691	58	,	,	PUNCT
ftr-323	691	59	supra	supra	PROPN
ftr-323	691	60	note	note	NOUN
ftr-323	691	61	50	50	NUM
ftr-323	691	62	,	,	PUNCT
ftr-323	691	63	at	at	ADP
ftr-323	691	64	774	774	NUM
ftr-323	691	65	;	;	PUNCT
ftr-323	691	66	grubert	grubert	NOUN
ftr-323	691	67	,	,	PUNCT
ftr-323	691	68	enacting	enact	VERB
ftr-323	691	69	dividend	dividend	NOUN
ftr-323	691	70	exemption	exemption	NOUN
ftr-323	691	71	,	,	PUNCT
ftr-323	691	72	supra	supra	PROPN
ftr-323	691	73	note	note	NOUN
ftr-323	691	74	40	40	NUM
ftr-323	691	75	,	,	PUNCT
ftr-323	691	76	at	at	ADP
ftr-323	691	77	812	812	NUM
ftr-323	691	78	.	.	NOUN
ftr-323	691	79	2012	2012	NUM
ftr-323	691	80	]	]	PUNCT
ftr-323	691	81	exemption	exemption	NOUN
ftr-323	691	82	when	when	SCONJ
ftr-323	691	83	the	the	DET
ftr-323	691	84	treasury	treasury	NOUN
ftr-323	691	85	is	be	AUX
ftr-323	691	86	empty	empty	ADJ
ftr-323	691	87	433	433	NUM
ftr-323	691	88	to	to	PART
ftr-323	691	89	repeat	repeat	VERB
ftr-323	691	90	a	a	DET
ftr-323	691	91	now	now	ADV
ftr-323	691	92	familiar	familiar	ADJ
ftr-323	691	93	theme	theme	NOUN
ftr-323	691	94	,	,	PUNCT
ftr-323	691	95	the	the	DET
ftr-323	691	96	international	international	ADJ
ftr-323	691	97	law	law	NOUN
ftr-323	691	98	obligation	obligation	NOUN
ftr-323	691	99	of	of	ADP
ftr-323	691	100	the	the	DET
ftr-323	691	101	united	united	PROPN
ftr-323	691	102	states	states	PROPN
ftr-323	691	103	to	to	PART
ftr-323	691	104	mitigate	mitigate	VERB
ftr-323	691	105	international	international	ADJ
ftr-323	691	106	double	double	ADJ
ftr-323	691	107	taxation	taxation	NOUN
ftr-323	691	108	of	of	ADP
ftr-323	691	109	foreign	foreign	ADJ
ftr-323	691	110	-	-	PUNCT
ftr-323	691	111	source	source	NOUN
ftr-323	691	112	income	income	NOUN
ftr-323	691	113	does	do	AUX
ftr-323	691	114	not	not	PART
ftr-323	691	115	extend	extend	VERB
ftr-323	691	116	to	to	ADP
ftr-323	691	117	foreign	foreign	ADJ
ftr-323	691	118	-	-	PUNCT
ftr-323	691	119	source	source	NOUN
ftr-323	691	120	income	income	NOUN
ftr-323	691	121	that	that	PRON
ftr-323	691	122	is	be	AUX
ftr-323	691	123	largely	largely	ADV
ftr-323	691	124	or	or	CCONJ
ftr-323	691	125	entirely	entirely	ADV
ftr-323	691	126	free	free	ADJ
ftr-323	691	127	of	of	ADP
ftr-323	691	128	foreign	foreign	ADJ
ftr-323	691	129	tax	tax	NOUN
ftr-323	691	130	and	and	CCONJ
ftr-323	691	131	,	,	PUNCT
ftr-323	691	132	therefore	therefore	ADV
ftr-323	691	133	,	,	PUNCT
ftr-323	691	134	largely	largely	ADV
ftr-323	691	135	or	or	CCONJ
ftr-323	691	136	entirely	entirely	ADV
ftr-323	691	137	free	free	ADJ
ftr-323	691	138	of	of	ADP
ftr-323	691	139	double	double	ADJ
ftr-323	691	140	taxation	taxation	NOUN
ftr-323	691	141	.	.	PUNCT
ftr-323	692	1	moreover	moreover	ADV
ftr-323	692	2	,	,	PUNCT
ftr-323	692	3	there	there	PRON
ftr-323	692	4	is	be	VERB
ftr-323	692	5	no	no	DET
ftr-323	692	6	equitable	equitable	ADJ
ftr-323	692	7	imperative	imperative	NOUN
ftr-323	692	8	that	that	PRON
ftr-323	692	9	requires	require	VERB
ftr-323	692	10	a	a	DET
ftr-323	692	11	zero	zero	NUM
ftr-323	692	12	u.s	u.s	PROPN
ftr-323	692	13	.	.	PROPN
ftr-323	692	14	tax	tax	NOUN
ftr-323	692	15	rate	rate	NOUN
ftr-323	692	16	for	for	ADP
ftr-323	692	17	such	such	ADJ
ftr-323	692	18	income	income	NOUN
ftr-323	692	19	.	.	PUNCT
ftr-323	693	1	thus	thus	ADV
ftr-323	693	2	,	,	PUNCT
ftr-323	693	3	the	the	DET
ftr-323	693	4	u.s	u.s	PROPN
ftr-323	693	5	.	.	PROPN
ftr-323	693	6	practice	practice	NOUN
ftr-323	693	7	,	,	PUNCT
ftr-323	693	8	illustrated	illustrate	VERB
ftr-323	693	9	in	in	ADP
ftr-323	693	10	example	example	NOUN
ftr-323	693	11	1	1	NUM
ftr-323	693	12	,	,	PUNCT
ftr-323	693	13	of	of	ADP
ftr-323	693	14	effectively	effectively	ADV
ftr-323	693	15	imposing	impose	VERB
ftr-323	693	16	a	a	DET
ftr-323	693	17	zero	zero	NUM
ftr-323	693	18	tax	tax	NOUN
ftr-323	693	19	rate	rate	NOUN
ftr-323	693	20	on	on	ADP
ftr-323	693	21	foreign	foreign	ADJ
ftr-323	693	22	-	-	PUNCT
ftr-323	693	23	source	source	NOUN
ftr-323	693	24	royalty	royalty	NOUN
ftr-323	693	25	income	income	NOUN
ftr-323	693	26	goes	go	VERB
ftr-323	693	27	beyond	beyond	ADP
ftr-323	693	28	the	the	DET
ftr-323	693	29	international	international	ADJ
ftr-323	693	30	law	law	NOUN
ftr-323	693	31	and	and	CCONJ
ftr-323	693	32	equitable	equitable	ADJ
ftr-323	693	33	obligations	obligation	NOUN
ftr-323	693	34	of	of	ADP
ftr-323	693	35	the	the	DET
ftr-323	693	36	united	united	PROPN
ftr-323	693	37	states	states	PROPN
ftr-323	693	38	.	.	PUNCT
ftr-323	694	1	nevertheless	nevertheless	ADV
ftr-323	694	2	,	,	PUNCT
ftr-323	694	3	the	the	DET
ftr-323	694	4	euphoria	euphoria	NOUN
ftr-323	694	5	of	of	ADP
ftr-323	694	6	a	a	DET
ftr-323	694	7	zero	zero	NUM
ftr-323	694	8	tax	tax	NOUN
ftr-323	694	9	rate	rate	NOUN
ftr-323	694	10	is	be	AUX
ftr-323	694	11	hard	hard	ADJ
ftr-323	694	12	to	to	PART
ftr-323	694	13	give	give	VERB
ftr-323	694	14	up	up	ADP
ftr-323	694	15	and	and	CCONJ
ftr-323	694	16	it	it	PRON
ftr-323	694	17	is	be	AUX
ftr-323	694	18	highly	highly	ADV
ftr-323	694	19	likely	likely	ADJ
ftr-323	694	20	that	that	SCONJ
ftr-323	694	21	u.s	u.s	PROPN
ftr-323	694	22	.	.	PROPN
ftr-323	694	23	multinational	multinational	ADJ
ftr-323	694	24	corporations	corporation	NOUN
ftr-323	694	25	will	will	AUX
ftr-323	694	26	press	press	VERB
ftr-323	694	27	to	to	PART
ftr-323	694	28	have	have	VERB
ftr-323	694	29	their	their	PRON
ftr-323	694	30	foreignsource	foreignsource	NOUN
ftr-323	694	31	royalty	royalty	NOUN
ftr-323	694	32	receipts	receipt	NOUN
ftr-323	694	33	included	include	VERB
ftr-323	694	34	within	within	ADP
ftr-323	694	35	the	the	DET
ftr-323	694	36	income	income	NOUN
ftr-323	694	37	items	item	NOUN
ftr-323	694	38	that	that	PRON
ftr-323	694	39	are	be	AUX
ftr-323	694	40	exempted	exempt	VERB
ftr-323	694	41	from	from	ADP
ftr-323	694	42	u.s	u.s	PROPN
ftr-323	694	43	.	.	PROPN
ftr-323	694	44	income	income	NOUN
ftr-323	694	45	tax	tax	NOUN
ftr-323	694	46	by	by	ADP
ftr-323	694	47	a	a	DET
ftr-323	694	48	u.s	u.s	PROPN
ftr-323	694	49	.	.	PROPN
ftr-323	694	50	exemption	exemption	NOUN
ftr-323	694	51	system.116	system.116	NOUN
ftr-323	694	52	this	this	DET
ftr-323	694	53	pressure	pressure	NOUN
ftr-323	694	54	should	should	AUX
ftr-323	694	55	be	be	AUX
ftr-323	694	56	resisted	resist	VERB
ftr-323	694	57	with	with	ADP
ftr-323	694	58	respect	respect	NOUN
ftr-323	694	59	to	to	ADP
ftr-323	694	60	foreign	foreign	ADJ
ftr-323	694	61	-	-	PUNCT
ftr-323	694	62	source	source	NOUN
ftr-323	694	63	royalties	royalty	NOUN
ftr-323	694	64	that	that	PRON
ftr-323	694	65	do	do	AUX
ftr-323	694	66	not	not	PART
ftr-323	694	67	bear	bear	VERB
ftr-323	694	68	a	a	DET
ftr-323	694	69	meaningful	meaningful	ADJ
ftr-323	694	70	foreign	foreign	ADJ
ftr-323	694	71	tax117	tax117	NOUN
ftr-323	694	72	because	because	SCONJ
ftr-323	694	73	conferring	confer	VERB
ftr-323	694	74	an	an	DET
ftr-323	694	75	exemption	exemption	NOUN
ftr-323	694	76	on	on	ADP
ftr-323	694	77	such	such	ADJ
ftr-323	694	78	royalties	royalty	NOUN
ftr-323	694	79	would	would	AUX
ftr-323	694	80	exceed	exceed	VERB
ftr-323	694	81	the	the	DET
ftr-323	694	82	double	double	ADJ
ftr-323	694	83	tax	tax	NOUN
ftr-323	694	84	relief	relief	NOUN
ftr-323	694	85	purpose	purpose	NOUN
ftr-323	694	86	of	of	ADP
ftr-323	694	87	a	a	DET
ftr-323	694	88	territorial	territorial	ADJ
ftr-323	694	89	system118	system118	PROPN
ftr-323	694	90	and	and	CCONJ
ftr-323	694	91	would	would	AUX
ftr-323	694	92	,	,	PUNCT
ftr-323	694	93	therefore	therefore	ADV
ftr-323	694	94	,	,	PUNCT
ftr-323	694	95	amount	amount	VERB
ftr-323	694	96	to	to	ADP
ftr-323	694	97	a	a	DET
ftr-323	694	98	tax	tax	NOUN
ftr-323	694	99	expenditure	expenditure	NOUN
ftr-323	694	100	subsidy	subsidy	NOUN
ftr-323	694	101	for	for	ADP
ftr-323	694	102	developing	develop	VERB
ftr-323	694	103	and	and	CCONJ
ftr-323	694	104	exploiting	exploit	VERB
ftr-323	694	105	foreign	foreign	ADJ
ftr-323	694	106	intellectual	intellectual	ADJ
ftr-323	694	107	property.119	property.119	NOUN
ftr-323	694	108	this	this	DET
ftr-323	694	109	point	point	NOUN
ftr-323	694	110	will	will	AUX
ftr-323	694	111	be	be	AUX
ftr-323	694	112	elaborated	elaborate	VERB
ftr-323	694	113	on	on	ADP
ftr-323	694	114	in	in	ADP
ftr-323	694	115	part	part	NOUN
ftr-323	694	116	ix	ix	ADJ
ftr-323	694	117	.	.	PUNCT
ftr-323	695	1	in	in	ADP
ftr-323	695	2	addition	addition	NOUN
ftr-323	695	3	,	,	PUNCT
ftr-323	695	4	foreign	foreign	ADJ
ftr-323	695	5	-	-	PUNCT
ftr-323	695	6	source	source	NOUN
ftr-323	695	7	royalties	royalty	NOUN
ftr-323	695	8	that	that	PRON
ftr-323	695	9	are	be	AUX
ftr-323	695	10	not	not	PART
ftr-323	695	11	significantly	significantly	ADV
ftr-323	695	12	taxed	tax	VERB
ftr-323	695	13	in	in	ADP
ftr-323	695	14	a	a	DET
ftr-323	695	15	foreign	foreign	ADJ
ftr-323	695	16	jurisdiction	jurisdiction	NOUN
ftr-323	695	17	can	can	AUX
ftr-323	695	18	be	be	AUX
ftr-323	695	19	taxed	tax	VERB
ftr-323	695	20	by	by	ADP
ftr-323	695	21	the	the	DET
ftr-323	695	22	united	united	PROPN
ftr-323	695	23	states	states	PROPN
ftr-323	695	24	without	without	ADP
ftr-323	695	25	having	have	VERB
ftr-323	695	26	to	to	PART
ftr-323	695	27	face	face	VERB
ftr-323	695	28	the	the	DET
ftr-323	695	29	problem	problem	NOUN
ftr-323	695	30	of	of	ADP
ftr-323	695	31	the	the	DET
ftr-323	695	32	cliff	cliff	NOUN
ftr-323	695	33	effect	effect	NOUN
ftr-323	695	34	described	describe	VERB
ftr-323	695	35	in	in	ADP
ftr-323	695	36	part	part	NOUN
ftr-323	695	37	vi.a.1.c	vi.a.1.c	ADJ
ftr-323	695	38	.	.	PUNCT
ftr-323	696	1	it	it	PRON
ftr-323	696	2	might	might	AUX
ftr-323	696	3	be	be	AUX
ftr-323	696	4	argued	argue	VERB
ftr-323	696	5	that	that	SCONJ
ftr-323	696	6	if	if	SCONJ
ftr-323	696	7	a	a	DET
ftr-323	696	8	u.s	u.s	PROPN
ftr-323	696	9	.	.	PROPN
ftr-323	696	10	territorial	territorial	ADJ
ftr-323	696	11	system	system	NOUN
ftr-323	696	12	does	do	AUX
ftr-323	696	13	not	not	PART
ftr-323	696	14	exempt	exempt	VERB
ftr-323	696	15	foreign	foreign	ADJ
ftr-323	696	16	-	-	PUNCT
ftr-323	696	17	source	source	NOUN
ftr-323	696	18	royalties	royalty	NOUN
ftr-323	696	19	,	,	PUNCT
ftr-323	696	20	u.s	u.s	PROPN
ftr-323	696	21	.	.	PROPN
ftr-323	696	22	parent	parent	NOUN
ftr-323	696	23	corporations	corporation	NOUN
ftr-323	696	24	will	will	AUX
ftr-323	696	25	move	move	VERB
ftr-323	696	26	their	their	PRON
ftr-323	696	27	research	research	NOUN
ftr-323	696	28	and	and	CCONJ
ftr-323	696	29	development	development	NOUN
ftr-323	696	30	activities	activity	NOUN
ftr-323	696	31	to	to	ADP
ftr-323	696	32	cfcs	cfcs	ADJ
ftr-323	696	33	resident	resident	NOUN
ftr-323	696	34	in	in	ADP
ftr-323	696	35	low	low	ADJ
ftr-323	696	36	-	-	PUNCT
ftr-323	696	37	tax	tax	NOUN
ftr-323	696	38	countries	country	NOUN
ftr-323	696	39	;	;	PUNCT
ftr-323	696	40	the	the	DET
ftr-323	696	41	u.s	u.s	PROPN
ftr-323	696	42	.	.	PROPN
ftr-323	696	43	parent	parent	NOUN
ftr-323	696	44	corporations	corporation	NOUN
ftr-323	696	45	will	will	AUX
ftr-323	696	46	have	have	VERB
ftr-323	696	47	those	those	DET
ftr-323	696	48	subsidiaries	subsidiary	NOUN
ftr-323	696	49	develop	develop	VERB
ftr-323	696	50	all	all	PRON
ftr-323	696	51	of	of	ADP
ftr-323	696	52	the	the	DET
ftr-323	696	53	new	new	ADJ
ftr-323	696	54	116	116	NUM
ftr-323	696	55	.	.	PUNCT
ftr-323	697	1	see	see	VERB
ftr-323	697	2	group	group	NOUN
ftr-323	697	3	comments	comment	NOUN
ftr-323	697	4	on	on	ADP
ftr-323	697	5	jct	jct	PROPN
ftr-323	697	6	report	report	NOUN
ftr-323	697	7	on	on	ADP
ftr-323	697	8	compliance	compliance	NOUN
ftr-323	697	9	,	,	PUNCT
ftr-323	697	10	tax	tax	NOUN
ftr-323	697	11	expenditure	expenditure	NOUN
ftr-323	697	12	reform	reform	NOUN
ftr-323	697	13	,	,	PUNCT
ftr-323	697	14	2005	2005	NUM
ftr-323	697	15	tax	tax	NOUN
ftr-323	697	16	notes	note	NOUN
ftr-323	697	17	today	today	NOUN
ftr-323	697	18	49	49	NUM
ftr-323	697	19	-	-	SYM
ftr-323	697	20	36	36	NUM
ftr-323	697	21	(	(	PUNCT
ftr-323	697	22	mar	mar	PROPN
ftr-323	697	23	.	.	PROPN
ftr-323	697	24	15	15	NUM
ftr-323	697	25	,	,	PUNCT
ftr-323	697	26	2005	2005	NUM
ftr-323	697	27	)	)	PUNCT
ftr-323	698	1	[	[	X
ftr-323	698	2	hereinafter	hereinafter	NOUN
ftr-323	698	3	group	group	NOUN
ftr-323	698	4	comments	comment	NOUN
ftr-323	698	5	]	]	X
ftr-323	698	6	(	(	PUNCT
ftr-323	698	7	business	business	NOUN
ftr-323	698	8	group	group	NOUN
ftr-323	698	9	objects	object	VERB
ftr-323	698	10	to	to	ADP
ftr-323	698	11	exemption	exemption	NOUN
ftr-323	698	12	system	system	NOUN
ftr-323	698	13	that	that	PRON
ftr-323	698	14	would	would	AUX
ftr-323	698	15	tax	tax	VERB
ftr-323	698	16	foreignsource	foreignsource	NOUN
ftr-323	698	17	royalties	royalty	NOUN
ftr-323	698	18	)	)	PUNCT
ftr-323	698	19	;	;	PUNCT
ftr-323	698	20	see	see	VERB
ftr-323	698	21	also	also	ADV
ftr-323	698	22	u.s	u.s	PROPN
ftr-323	698	23	.	.	PROPN
ftr-323	698	24	treas	treas	PROPN
ftr-323	698	25	.	.	PUNCT
ftr-323	699	1	dep’t	dep’t	PROPN
ftr-323	699	2	,	,	PUNCT
ftr-323	699	3	approaches	approach	NOUN
ftr-323	699	4	,	,	PUNCT
ftr-323	699	5	supra	supra	PROPN
ftr-323	699	6	note	note	NOUN
ftr-323	699	7	40	40	NUM
ftr-323	699	8	,	,	PUNCT
ftr-323	699	9	at	at	ADP
ftr-323	699	10	59–63	59–63	NUM
ftr-323	699	11	(	(	PUNCT
ftr-323	699	12	report	report	NOUN
ftr-323	699	13	by	by	ADP
ftr-323	699	14	bush	bush	PROPN
ftr-323	699	15	administration	administration	PROPN
ftr-323	699	16	treasury	treasury	PROPN
ftr-323	699	17	department	department	PROPN
ftr-323	699	18	giving	give	VERB
ftr-323	699	19	support	support	NOUN
ftr-323	699	20	to	to	ADP
ftr-323	699	21	an	an	DET
ftr-323	699	22	exemption	exemption	NOUN
ftr-323	699	23	system	system	NOUN
ftr-323	699	24	that	that	PRON
ftr-323	699	25	would	would	AUX
ftr-323	699	26	not	not	PART
ftr-323	699	27	tax	tax	VERB
ftr-323	699	28	foreign	foreign	ADJ
ftr-323	699	29	-	-	PUNCT
ftr-323	699	30	source	source	NOUN
ftr-323	699	31	royalties	royalty	NOUN
ftr-323	699	32	)	)	PUNCT
ftr-323	699	33	.	.	PUNCT
ftr-323	700	1	117	117	NUM
ftr-323	700	2	.	.	PUNCT
ftr-323	701	1	but	but	CCONJ
ftr-323	701	2	see	see	VERB
ftr-323	701	3	chorvat	chorvat	NOUN
ftr-323	701	4	,	,	PUNCT
ftr-323	701	5	ending	end	VERB
ftr-323	701	6	foreign	foreign	ADJ
ftr-323	701	7	business	business	NOUN
ftr-323	701	8	tax	tax	NOUN
ftr-323	701	9	,	,	PUNCT
ftr-323	701	10	supra	supra	PROPN
ftr-323	701	11	note	note	NOUN
ftr-323	701	12	102	102	NUM
ftr-323	701	13	,	,	PUNCT
ftr-323	701	14	at	at	ADP
ftr-323	701	15	856	856	NUM
ftr-323	701	16	(	(	PUNCT
ftr-323	701	17	arguing	argue	VERB
ftr-323	701	18	that	that	SCONJ
ftr-323	701	19	the	the	DET
ftr-323	701	20	foreign	foreign	ADJ
ftr-323	701	21	-	-	PUNCT
ftr-323	701	22	source	source	NOUN
ftr-323	701	23	royalties	royalty	NOUN
ftr-323	701	24	paid	pay	VERB
ftr-323	701	25	to	to	ADP
ftr-323	701	26	a	a	DET
ftr-323	701	27	u.s	u.s	PROPN
ftr-323	701	28	.	.	PROPN
ftr-323	701	29	corporation	corporation	NOUN
ftr-323	701	30	by	by	ADP
ftr-323	701	31	a	a	DET
ftr-323	701	32	cfc	cfc	PROPN
ftr-323	701	33	affiliate	affiliate	NOUN
ftr-323	701	34	corporation	corporation	NOUN
ftr-323	701	35	should	should	AUX
ftr-323	701	36	not	not	PART
ftr-323	701	37	be	be	AUX
ftr-323	701	38	subject	subject	ADJ
ftr-323	701	39	to	to	ADP
ftr-323	701	40	u.s	u.s	PROPN
ftr-323	701	41	.	.	PROPN
ftr-323	701	42	tax	tax	NOUN
ftr-323	701	43	)	)	PUNCT
ftr-323	701	44	.	.	PUNCT
ftr-323	702	1	118	118	NUM
ftr-323	702	2	.	.	PUNCT
ftr-323	702	3	see	see	VERB
ftr-323	702	4	staff	staff	NOUN
ftr-323	702	5	of	of	ADP
ftr-323	702	6	joint	joint	ADJ
ftr-323	702	7	comm	comm	NOUN
ftr-323	702	8	.	.	PUNCT
ftr-323	703	1	,	,	PUNCT
ftr-323	703	2	options	option	NOUN
ftr-323	703	3	,	,	PUNCT
ftr-323	703	4	supra	supra	PROPN
ftr-323	703	5	note	note	NOUN
ftr-323	703	6	41	41	NUM
ftr-323	703	7	,	,	PUNCT
ftr-323	703	8	at	at	ADP
ftr-323	703	9	191	191	NUM
ftr-323	703	10	;	;	PUNCT
ftr-323	703	11	president	president	PROPN
ftr-323	703	12	’s	’s	PART
ftr-323	703	13	tax	tax	NOUN
ftr-323	703	14	reform	reform	NOUN
ftr-323	703	15	advisory	advisory	ADJ
ftr-323	703	16	panel	panel	NOUN
ftr-323	703	17	,	,	PUNCT
ftr-323	703	18	supra	supra	PROPN
ftr-323	703	19	note	note	PROPN
ftr-323	703	20	108	108	NUM
ftr-323	703	21	,	,	PUNCT
ftr-323	703	22	at	at	ADP
ftr-323	703	23	134	134	NUM
ftr-323	703	24	;	;	PUNCT
ftr-323	703	25	see	see	VERB
ftr-323	703	26	also	also	ADV
ftr-323	703	27	staff	staff	NOUN
ftr-323	703	28	of	of	ADP
ftr-323	703	29	joint	joint	ADJ
ftr-323	703	30	comm	comm	NOUN
ftr-323	703	31	.	.	PUNCT
ftr-323	704	1	,	,	PUNCT
ftr-323	704	2	options	option	NOUN
ftr-323	704	3	,	,	PUNCT
ftr-323	704	4	supra	supra	PROPN
ftr-323	704	5	note	note	NOUN
ftr-323	704	6	41	41	NUM
ftr-323	704	7	,	,	PUNCT
ftr-323	704	8	at	at	ADP
ftr-323	704	9	189	189	NUM
ftr-323	704	10	,	,	PUNCT
ftr-323	704	11	195	195	NUM
ftr-323	704	12	;	;	PUNCT
ftr-323	704	13	grubert	grubert	PROPN
ftr-323	704	14	&	&	CCONJ
ftr-323	704	15	mutti	mutti	PROPN
ftr-323	704	16	,	,	PUNCT
ftr-323	704	17	taxing	tax	VERB
ftr-323	704	18	international	international	ADJ
ftr-323	704	19	business	business	NOUN
ftr-323	704	20	income	income	NOUN
ftr-323	704	21	,	,	PUNCT
ftr-323	704	22	supra	supra	PROPN
ftr-323	704	23	note	note	NOUN
ftr-323	704	24	115	115	NUM
ftr-323	704	25	,	,	PUNCT
ftr-323	704	26	at	at	ADP
ftr-323	704	27	36	36	NUM
ftr-323	704	28	;	;	PUNCT
ftr-323	704	29	graetz	graetz	PROPN
ftr-323	704	30	&	&	CCONJ
ftr-323	704	31	oosterhuis	oosterhuis	PROPN
ftr-323	704	32	,	,	PUNCT
ftr-323	704	33	structuring	structure	VERB
ftr-323	704	34	an	an	DET
ftr-323	704	35	exemption	exemption	NOUN
ftr-323	704	36	system	system	NOUN
ftr-323	704	37	,	,	PUNCT
ftr-323	704	38	supra	supra	PROPN
ftr-323	704	39	note	note	NOUN
ftr-323	704	40	50	50	NUM
ftr-323	704	41	,	,	PUNCT
ftr-323	704	42	at	at	ADP
ftr-323	704	43	774	774	NUM
ftr-323	704	44	n.4	n.4	NOUN
ftr-323	704	45	,	,	PUNCT
ftr-323	704	46	776	776	NUM
ftr-323	704	47	(	(	PUNCT
ftr-323	704	48	concluding	conclude	VERB
ftr-323	704	49	that	that	SCONJ
ftr-323	704	50	an	an	DET
ftr-323	704	51	exemption	exemption	NOUN
ftr-323	704	52	system	system	NOUN
ftr-323	704	53	should	should	AUX
ftr-323	704	54	not	not	PART
ftr-323	704	55	apply	apply	VERB
ftr-323	704	56	to	to	ADP
ftr-323	704	57	foreign	foreign	ADJ
ftr-323	704	58	-	-	PUNCT
ftr-323	704	59	source	source	NOUN
ftr-323	704	60	royalties	royalty	NOUN
ftr-323	704	61	received	receive	VERB
ftr-323	704	62	by	by	ADP
ftr-323	704	63	a	a	DET
ftr-323	704	64	u.s	u.s	PROPN
ftr-323	704	65	.	.	PROPN
ftr-323	704	66	corporate	corporate	ADJ
ftr-323	704	67	parent	parent	NOUN
ftr-323	704	68	payee	payee	NOUN
ftr-323	704	69	that	that	PRON
ftr-323	704	70	are	be	AUX
ftr-323	704	71	deductible	deductible	ADJ
ftr-323	704	72	by	by	ADP
ftr-323	704	73	the	the	DET
ftr-323	704	74	foreign	foreign	ADJ
ftr-323	704	75	corporate	corporate	ADJ
ftr-323	704	76	payor	payor	NOUN
ftr-323	704	77	and	and	CCONJ
ftr-323	704	78	not	not	PART
ftr-323	704	79	subject	subject	VERB
ftr-323	704	80	to	to	ADP
ftr-323	704	81	substantial	substantial	ADJ
ftr-323	704	82	foreign	foreign	ADJ
ftr-323	704	83	withholding	withholding	NOUN
ftr-323	704	84	taxes	taxis	NOUN
ftr-323	704	85	)	)	PUNCT
ftr-323	704	86	;	;	PUNCT
ftr-323	704	87	grubert	grubert	NOUN
ftr-323	704	88	,	,	PUNCT
ftr-323	704	89	enacting	enact	VERB
ftr-323	704	90	dividend	dividend	NOUN
ftr-323	704	91	exemption	exemption	NOUN
ftr-323	704	92	,	,	PUNCT
ftr-323	704	93	supra	supra	PROPN
ftr-323	704	94	note	note	NOUN
ftr-323	704	95	40	40	NUM
ftr-323	704	96	,	,	PUNCT
ftr-323	704	97	at	at	ADP
ftr-323	704	98	813	813	NUM
ftr-323	704	99	,	,	PUNCT
ftr-323	704	100	815–16	815–16	NUM
ftr-323	704	101	.	.	PUNCT
ftr-323	705	1	119	119	NUM
ftr-323	705	2	.	.	PUNCT
ftr-323	706	1	we	we	PRON
ftr-323	706	2	do	do	AUX
ftr-323	706	3	not	not	PART
ftr-323	706	4	discuss	discuss	VERB
ftr-323	706	5	in	in	ADP
ftr-323	706	6	this	this	DET
ftr-323	706	7	article	article	NOUN
ftr-323	706	8	proposals	proposal	NOUN
ftr-323	706	9	for	for	ADP
ftr-323	706	10	lower	low	ADJ
ftr-323	706	11	rates	rate	NOUN
ftr-323	706	12	of	of	ADP
ftr-323	706	13	tax	tax	NOUN
ftr-323	706	14	for	for	ADP
ftr-323	706	15	foreign	foreign	ADJ
ftr-323	706	16	royalty	royalty	NOUN
ftr-323	706	17	income	income	NOUN
ftr-323	706	18	.	.	PUNCT
ftr-323	707	1	these	these	DET
ftr-323	707	2	tax	tax	NOUN
ftr-323	707	3	expenditures	expenditure	NOUN
ftr-323	707	4	should	should	AUX
ftr-323	707	5	be	be	AUX
ftr-323	707	6	assessed	assess	VERB
ftr-323	707	7	like	like	ADP
ftr-323	707	8	any	any	DET
ftr-323	707	9	other	other	ADJ
ftr-323	707	10	—	—	PUNCT
ftr-323	707	11	under	under	ADP
ftr-323	707	12	a	a	DET
ftr-323	707	13	rigorous	rigorous	ADJ
ftr-323	707	14	cost	cost	NOUN
ftr-323	707	15	/	/	SYM
ftr-323	707	16	benefit	benefit	NOUN
ftr-323	707	17	analysis	analysis	NOUN
ftr-323	707	18	.	.	PUNCT
ftr-323	708	1	434	434	NUM
ftr-323	708	2	florida	florida	PROPN
ftr-323	708	3	tax	tax	NOUN
ftr-323	708	4	review	review	NOUN
ftr-323	708	5	[	[	X
ftr-323	708	6	vol	vol	NOUN
ftr-323	708	7	.	.	PUNCT
ftr-323	709	1	13:8	13:8	NUM
ftr-323	709	2	technology	technology	NOUN
ftr-323	709	3	for	for	ADP
ftr-323	709	4	the	the	DET
ftr-323	709	5	u.s	u.s	PROPN
ftr-323	709	6	.	.	PROPN
ftr-323	709	7	parents	parent	NOUN
ftr-323	709	8	’	’	PART
ftr-323	709	9	corporate	corporate	ADJ
ftr-323	709	10	groups	group	NOUN
ftr-323	709	11	and	and	CCONJ
ftr-323	709	12	earn	earn	VERB
ftr-323	709	13	the	the	DET
ftr-323	709	14	royalty	royalty	NOUN
ftr-323	709	15	income	income	NOUN
ftr-323	709	16	that	that	PRON
ftr-323	709	17	results	result	VERB
ftr-323	709	18	from	from	ADP
ftr-323	709	19	licensing	license	VERB
ftr-323	709	20	the	the	DET
ftr-323	709	21	new	new	ADJ
ftr-323	709	22	technology	technology	NOUN
ftr-323	709	23	;	;	PUNCT
ftr-323	709	24	and	and	CCONJ
ftr-323	709	25	the	the	DET
ftr-323	709	26	subsidiaries	subsidiary	NOUN
ftr-323	709	27	will	will	AUX
ftr-323	709	28	then	then	ADV
ftr-323	709	29	pay	pay	VERB
ftr-323	709	30	the	the	DET
ftr-323	709	31	royalties	royalty	NOUN
ftr-323	709	32	to	to	ADP
ftr-323	709	33	the	the	DET
ftr-323	709	34	u.s	u.s	PROPN
ftr-323	709	35	.	.	PROPN
ftr-323	709	36	parents	parent	NOUN
ftr-323	709	37	in	in	ADP
ftr-323	709	38	the	the	DET
ftr-323	709	39	form	form	NOUN
ftr-323	709	40	of	of	ADP
ftr-323	709	41	exempt	exempt	ADJ
ftr-323	709	42	dividends.120	dividends.120	NOUN
ftr-323	709	43	from	from	ADP
ftr-323	709	44	this	this	DET
ftr-323	709	45	standpoint	standpoint	NOUN
ftr-323	709	46	,	,	PUNCT
ftr-323	709	47	the	the	DET
ftr-323	709	48	united	united	PROPN
ftr-323	709	49	states	states	PROPN
ftr-323	709	50	will	will	AUX
ftr-323	709	51	have	have	AUX
ftr-323	709	52	driven	drive	VERB
ftr-323	709	53	u.s	u.s	PROPN
ftr-323	709	54	.	.	PROPN
ftr-323	709	55	research	research	PROPN
ftr-323	709	56	and	and	CCONJ
ftr-323	709	57	development	development	NOUN
ftr-323	709	58	work	work	NOUN
ftr-323	709	59	to	to	ADP
ftr-323	709	60	foreign	foreign	ADJ
ftr-323	709	61	locations	location	NOUN
ftr-323	709	62	without	without	ADP
ftr-323	709	63	having	having	AUX
ftr-323	709	64	gained	gain	VERB
ftr-323	709	65	tax	tax	NOUN
ftr-323	709	66	revenue	revenue	NOUN
ftr-323	709	67	.	.	PUNCT
ftr-323	710	1	however	however	ADV
ftr-323	710	2	,	,	PUNCT
ftr-323	710	3	if	if	SCONJ
ftr-323	710	4	section	section	NOUN
ftr-323	710	5	954(c)(2)(a	954(c)(2)(a	PROPN
ftr-323	710	6	)	)	PUNCT
ftr-323	710	7	and	and	CCONJ
ftr-323	710	8	(	(	PUNCT
ftr-323	710	9	c)(3)(a)(ii	c)(3)(a)(ii	PROPN
ftr-323	710	10	)	)	PUNCT
ftr-323	710	11	is	be	AUX
ftr-323	710	12	repealed	repeal	VERB
ftr-323	710	13	with	with	ADP
ftr-323	710	14	respect	respect	NOUN
ftr-323	710	15	to	to	ADP
ftr-323	710	16	royalties	royalty	NOUN
ftr-323	710	17	that	that	PRON
ftr-323	710	18	do	do	AUX
ftr-323	710	19	not	not	PART
ftr-323	710	20	bear	bear	VERB
ftr-323	710	21	a	a	DET
ftr-323	710	22	meaningful	meaningful	ADJ
ftr-323	710	23	foreign	foreign	ADJ
ftr-323	710	24	tax	tax	NOUN
ftr-323	710	25	,	,	PUNCT
ftr-323	710	26	so	so	SCONJ
ftr-323	710	27	that	that	SCONJ
ftr-323	710	28	such	such	ADJ
ftr-323	710	29	royalties	royalty	NOUN
ftr-323	710	30	are	be	AUX
ftr-323	710	31	included	include	VERB
ftr-323	710	32	in	in	ADP
ftr-323	710	33	subpart	subpart	PROPN
ftr-323	710	34	f	f	PROPN
ftr-323	710	35	income	income	NOUN
ftr-323	710	36	even	even	ADV
ftr-323	710	37	when	when	SCONJ
ftr-323	710	38	derived	derive	VERB
ftr-323	710	39	in	in	ADP
ftr-323	710	40	the	the	DET
ftr-323	710	41	active	active	ADJ
ftr-323	710	42	conduct	conduct	NOUN
ftr-323	710	43	of	of	ADP
ftr-323	710	44	a	a	DET
ftr-323	710	45	business	business	NOUN
ftr-323	710	46	or	or	CCONJ
ftr-323	710	47	from	from	ADP
ftr-323	710	48	a	a	DET
ftr-323	710	49	related	related	ADJ
ftr-323	710	50	corporation	corporation	NOUN
ftr-323	710	51	,	,	PUNCT
ftr-323	710	52	the	the	DET
ftr-323	710	53	royalties	royalty	NOUN
ftr-323	710	54	in	in	ADP
ftr-323	710	55	this	this	DET
ftr-323	710	56	hypothetical	hypothetical	ADJ
ftr-323	710	57	situation	situation	NOUN
ftr-323	710	58	would	would	AUX
ftr-323	710	59	be	be	AUX
ftr-323	710	60	currently	currently	ADV
ftr-323	710	61	taxable	taxable	ADJ
ftr-323	710	62	as	as	SCONJ
ftr-323	710	63	explained	explain	VERB
ftr-323	710	64	in	in	ADP
ftr-323	710	65	part	part	NOUN
ftr-323	710	66	vi.a.1.g	vi.a.1.g	NOUN
ftr-323	710	67	.	.	PUNCT
ftr-323	711	1	if	if	SCONJ
ftr-323	711	2	this	this	DET
ftr-323	711	3	approach	approach	NOUN
ftr-323	711	4	is	be	AUX
ftr-323	711	5	taken	take	VERB
ftr-323	711	6	,	,	PUNCT
ftr-323	711	7	denying	deny	VERB
ftr-323	711	8	exemption	exemption	NOUN
ftr-323	711	9	treatment	treatment	NOUN
ftr-323	711	10	to	to	ADP
ftr-323	711	11	foreignsource	foreignsource	NOUN
ftr-323	711	12	royalties	royalty	NOUN
ftr-323	711	13	received	receive	VERB
ftr-323	711	14	by	by	ADP
ftr-323	711	15	a	a	DET
ftr-323	711	16	u.s	u.s	PROPN
ftr-323	711	17	.	.	PROPN
ftr-323	711	18	parent	parent	NOUN
ftr-323	711	19	corporation	corporation	NOUN
ftr-323	711	20	from	from	ADP
ftr-323	711	21	a	a	DET
ftr-323	711	22	controlled	control	VERB
ftr-323	711	23	foreign	foreign	ADJ
ftr-323	711	24	subsidiary	subsidiary	NOUN
ftr-323	711	25	should	should	AUX
ftr-323	711	26	create	create	VERB
ftr-323	711	27	little	little	ADJ
ftr-323	711	28	incentive	incentive	NOUN
ftr-323	711	29	to	to	PART
ftr-323	711	30	move	move	VERB
ftr-323	711	31	technology	technology	NOUN
ftr-323	711	32	development	development	NOUN
ftr-323	711	33	operations	operation	NOUN
ftr-323	711	34	to	to	ADP
ftr-323	711	35	low	low	ADJ
ftr-323	711	36	-	-	PUNCT
ftr-323	711	37	tax	tax	NOUN
ftr-323	711	38	foreign	foreign	ADJ
ftr-323	711	39	countries	country	NOUN
ftr-323	711	40	.	.	PUNCT
ftr-323	712	1	the	the	DET
ftr-323	712	2	suggestion	suggestion	NOUN
ftr-323	712	3	has	have	AUX
ftr-323	712	4	been	be	AUX
ftr-323	712	5	made	make	VERB
ftr-323	712	6	that	that	SCONJ
ftr-323	712	7	if	if	SCONJ
ftr-323	712	8	foreign	foreign	ADJ
ftr-323	712	9	-	-	PUNCT
ftr-323	712	10	source	source	NOUN
ftr-323	712	11	royalties	royalty	NOUN
ftr-323	712	12	are	be	AUX
ftr-323	712	13	not	not	PART
ftr-323	712	14	treated	treat	VERB
ftr-323	712	15	as	as	ADP
ftr-323	712	16	exempt	exempt	ADJ
ftr-323	712	17	by	by	ADP
ftr-323	712	18	a	a	DET
ftr-323	712	19	u.s	u.s	PROPN
ftr-323	712	20	.	.	PROPN
ftr-323	712	21	territorial	territorial	ADJ
ftr-323	712	22	system	system	NOUN
ftr-323	712	23	,	,	PUNCT
ftr-323	712	24	foreign	foreign	ADJ
ftr-323	712	25	subsidiaries	subsidiary	NOUN
ftr-323	712	26	will	will	AUX
ftr-323	712	27	pay	pay	VERB
ftr-323	712	28	inflated	inflate	VERB
ftr-323	712	29	exempt	exempt	ADJ
ftr-323	712	30	dividends	dividend	NOUN
ftr-323	712	31	and	and	CCONJ
ftr-323	712	32	artificially	artificially	ADV
ftr-323	712	33	low	low	ADJ
ftr-323	712	34	taxable	taxable	ADJ
ftr-323	712	35	royalties	royalty	NOUN
ftr-323	712	36	to	to	ADP
ftr-323	712	37	their	their	PRON
ftr-323	712	38	u.s	u.s	PROPN
ftr-323	712	39	.	.	PROPN
ftr-323	712	40	parent	parent	NOUN
ftr-323	712	41	corporations.121	corporations.121	VERB
ftr-323	712	42	this	this	DET
ftr-323	712	43	strategy	strategy	NOUN
ftr-323	712	44	will	will	AUX
ftr-323	712	45	undoubtedly	undoubtedly	ADV
ftr-323	712	46	be	be	AUX
ftr-323	712	47	attempted	attempt	VERB
ftr-323	712	48	and	and	CCONJ
ftr-323	712	49	the	the	DET
ftr-323	712	50	problematic	problematic	ADJ
ftr-323	712	51	tool	tool	NOUN
ftr-323	712	52	of	of	ADP
ftr-323	712	53	transfer	transfer	NOUN
ftr-323	712	54	pricing	pricing	NOUN
ftr-323	712	55	enforcement	enforcement	NOUN
ftr-323	712	56	appears	appear	VERB
ftr-323	712	57	to	to	PART
ftr-323	712	58	be	be	AUX
ftr-323	712	59	the	the	DET
ftr-323	712	60	only	only	ADJ
ftr-323	712	61	answer	answer	NOUN
ftr-323	712	62	.	.	PUNCT
ftr-323	713	1	nevertheless	nevertheless	ADV
ftr-323	713	2	,	,	PUNCT
ftr-323	713	3	this	this	PRON
ftr-323	713	4	less	less	ADJ
ftr-323	713	5	than	than	ADP
ftr-323	713	6	ideal	ideal	ADJ
ftr-323	713	7	answer	answer	NOUN
ftr-323	713	8	seems	seem	VERB
ftr-323	713	9	better	well	ADJ
ftr-323	713	10	than	than	ADP
ftr-323	713	11	giving	give	VERB
ftr-323	713	12	an	an	DET
ftr-323	713	13	unprincipled	unprincipled	ADJ
ftr-323	713	14	exemption	exemption	NOUN
ftr-323	713	15	to	to	ADP
ftr-323	713	16	all	all	DET
ftr-323	713	17	foreign	foreign	ADJ
ftr-323	713	18	-	-	PUNCT
ftr-323	713	19	source	source	NOUN
ftr-323	713	20	royalty	royalty	NOUN
ftr-323	713	21	income	income	NOUN
ftr-323	713	22	received	receive	VERB
ftr-323	713	23	from	from	ADP
ftr-323	713	24	foreign	foreign	ADJ
ftr-323	713	25	subsidiaries	subsidiary	NOUN
ftr-323	713	26	,	,	PUNCT
ftr-323	713	27	particularly	particularly	ADV
ftr-323	713	28	in	in	ADP
ftr-323	713	29	light	light	NOUN
ftr-323	713	30	of	of	ADP
ftr-323	713	31	the	the	DET
ftr-323	713	32	revenue	revenue	NOUN
ftr-323	713	33	needs	need	NOUN
ftr-323	713	34	of	of	ADP
ftr-323	713	35	the	the	DET
ftr-323	713	36	united	united	PROPN
ftr-323	713	37	states	states	PROPN
ftr-323	713	38	.	.	PUNCT
ftr-323	714	1	finally	finally	ADV
ftr-323	714	2	,	,	PUNCT
ftr-323	714	3	a	a	DET
ftr-323	714	4	u.s	u.s	PROPN
ftr-323	714	5	.	.	PROPN
ftr-323	714	6	exemption	exemption	NOUN
ftr-323	714	7	system	system	NOUN
ftr-323	714	8	should	should	AUX
ftr-323	714	9	prevent	prevent	VERB
ftr-323	714	10	,	,	PUNCT
ftr-323	714	11	through	through	ADP
ftr-323	714	12	foreign	foreign	ADJ
ftr-323	714	13	tax	tax	NOUN
ftr-323	714	14	credit	credit	NOUN
ftr-323	714	15	limit	limit	NOUN
ftr-323	714	16	basketing	basketing	NOUN
ftr-323	714	17	or	or	CCONJ
ftr-323	714	18	a	a	DET
ftr-323	714	19	per	per	ADP
ftr-323	714	20	-	-	PUNCT
ftr-323	714	21	country	country	NOUN
ftr-323	714	22	limitation	limitation	NOUN
ftr-323	714	23	,	,	PUNCT
ftr-323	714	24	the	the	DET
ftr-323	714	25	cross	cross	NOUN
ftr-323	714	26	-	-	ADJ
ftr-323	714	27	crediting	crediting	NOUN
ftr-323	714	28	of	of	ADP
ftr-323	714	29	high	high	ADJ
ftr-323	714	30	foreign	foreign	ADJ
ftr-323	714	31	taxes	taxis	NOUN
ftr-323	714	32	against	against	ADP
ftr-323	714	33	the	the	DET
ftr-323	714	34	u.s	u.s	PROPN
ftr-323	714	35	.	.	PROPN
ftr-323	714	36	tax	tax	NOUN
ftr-323	714	37	on	on	ADP
ftr-323	714	38	foreign	foreign	ADJ
ftr-323	714	39	-	-	PUNCT
ftr-323	714	40	source	source	NOUN
ftr-323	714	41	royalty	royalty	NOUN
ftr-323	714	42	income	income	NOUN
ftr-323	714	43	.	.	PUNCT
ftr-323	715	1	otherwise	otherwise	ADV
ftr-323	715	2	,	,	PUNCT
ftr-323	715	3	the	the	DET
ftr-323	715	4	revenue	revenue	NOUN
ftr-323	715	5	from	from	ADP
ftr-323	715	6	denying	deny	VERB
ftr-323	715	7	exemption	exemption	NOUN
ftr-323	715	8	treatment	treatment	NOUN
ftr-323	715	9	to	to	ADP
ftr-323	715	10	royalties	royalty	NOUN
ftr-323	715	11	will	will	AUX
ftr-323	715	12	be	be	AUX
ftr-323	715	13	compromised	compromise	VERB
ftr-323	715	14	.	.	PUNCT
ftr-323	716	1	120	120	NUM
ftr-323	716	2	.	.	PUNCT
ftr-323	716	3	see	see	VERB
ftr-323	716	4	staff	staff	NOUN
ftr-323	716	5	of	of	ADP
ftr-323	716	6	joint	joint	ADJ
ftr-323	716	7	comm	comm	NOUN
ftr-323	716	8	.	.	PUNCT
ftr-323	716	9	,	,	PUNCT
ftr-323	716	10	background	background	NOUN
ftr-323	716	11	and	and	CCONJ
ftr-323	716	12	issues	issue	NOUN
ftr-323	716	13	,	,	PUNCT
ftr-323	716	14	supra	supra	PROPN
ftr-323	716	15	note	note	NOUN
ftr-323	716	16	48	48	NUM
ftr-323	716	17	,	,	PUNCT
ftr-323	716	18	at	at	ADP
ftr-323	716	19	11	11	NUM
ftr-323	716	20	;	;	PUNCT
ftr-323	716	21	peter	peter	PROPN
ftr-323	716	22	merrill	merrill	PROPN
ftr-323	716	23	,	,	PUNCT
ftr-323	716	24	oren	oren	PROPN
ftr-323	716	25	penn	penn	PROPN
ftr-323	716	26	,	,	PUNCT
ftr-323	716	27	hans	hans	PROPN
ftr-323	716	28	-	-	PUNCT
ftr-323	716	29	martin	martin	PROPN
ftr-323	716	30	eckstein	eckstein	PROPN
ftr-323	716	31	,	,	PUNCT
ftr-323	716	32	david	david	PROPN
ftr-323	716	33	grosman	grosman	PROPN
ftr-323	716	34	&	&	CCONJ
ftr-323	716	35	martijn	martijn	PROPN
ftr-323	716	36	van	van	PROPN
ftr-323	716	37	kessel	kessel	PROPN
ftr-323	716	38	,	,	PUNCT
ftr-323	716	39	restructuring	restructure	VERB
ftr-323	716	40	foreign	foreign	ADJ
ftr-323	716	41	-	-	PUNCT
ftr-323	716	42	source	source	NOUN
ftr-323	716	43	-	-	PUNCT
ftr-323	716	44	income	income	NOUN
ftr-323	716	45	taxation	taxation	NOUN
ftr-323	716	46	:	:	PUNCT
ftr-323	716	47	u.s	u.s	PROPN
ftr-323	716	48	.	.	PROPN
ftr-323	716	49	territorial	territorial	ADJ
ftr-323	716	50	tax	tax	NOUN
ftr-323	716	51	proposals	proposal	NOUN
ftr-323	716	52	and	and	CCONJ
ftr-323	716	53	the	the	DET
ftr-323	716	54	international	international	ADJ
ftr-323	716	55	experience	experience	NOUN
ftr-323	716	56	,	,	PUNCT
ftr-323	716	57	111	111	NUM
ftr-323	716	58	tax	tax	NOUN
ftr-323	716	59	notes	note	NOUN
ftr-323	716	60	799	799	NUM
ftr-323	716	61	,	,	PUNCT
ftr-323	716	62	811	811	NUM
ftr-323	716	63	(	(	PUNCT
ftr-323	716	64	may	may	PROPN
ftr-323	716	65	15	15	NUM
ftr-323	716	66	,	,	PUNCT
ftr-323	716	67	2006	2006	NUM
ftr-323	716	68	)	)	PUNCT
ftr-323	716	69	;	;	PUNCT
ftr-323	716	70	david	david	PROPN
ftr-323	716	71	g.	g.	PROPN
ftr-323	716	72	noren	noren	PROPN
ftr-323	716	73	,	,	PUNCT
ftr-323	716	74	designing	design	VERB
ftr-323	716	75	a	a	DET
ftr-323	716	76	territorial	territorial	ADJ
ftr-323	716	77	tax	tax	NOUN
ftr-323	716	78	system	system	NOUN
ftr-323	716	79	for	for	ADP
ftr-323	716	80	the	the	DET
ftr-323	716	81	united	united	PROPN
ftr-323	716	82	states	states	PROPN
ftr-323	716	83	,	,	PUNCT
ftr-323	716	84	40	40	NUM
ftr-323	716	85	tax	tax	NOUN
ftr-323	716	86	mgm’t	mgm’t	PROPN
ftr-323	716	87	int’l	int’l	NUM
ftr-323	716	88	j.	j.	PROPN
ftr-323	716	89	643	643	NUM
ftr-323	716	90	,	,	PUNCT
ftr-323	716	91	648	648	NUM
ftr-323	716	92	(	(	PUNCT
ftr-323	716	93	2011	2011	NUM
ftr-323	716	94	)	)	PUNCT
ftr-323	716	95	.	.	PUNCT
ftr-323	717	1	121	121	NUM
ftr-323	717	2	.	.	PUNCT
ftr-323	717	3	see	see	VERB
ftr-323	717	4	staff	staff	NOUN
ftr-323	717	5	of	of	ADP
ftr-323	717	6	joint	joint	ADJ
ftr-323	717	7	comm	comm	NOUN
ftr-323	717	8	.	.	PUNCT
ftr-323	717	9	,	,	PUNCT
ftr-323	717	10	background	background	NOUN
ftr-323	717	11	and	and	CCONJ
ftr-323	717	12	issues	issue	NOUN
ftr-323	717	13	,	,	PUNCT
ftr-323	717	14	supra	supra	PROPN
ftr-323	717	15	note	note	NOUN
ftr-323	717	16	48	48	NUM
ftr-323	717	17	,	,	PUNCT
ftr-323	717	18	at	at	ADP
ftr-323	717	19	11	11	NUM
ftr-323	717	20	;	;	PUNCT
ftr-323	717	21	aba	aba	PROPN
ftr-323	717	22	tax’n	tax’n	NUM
ftr-323	717	23	sec	sec	PROPN
ftr-323	717	24	.	.	PROPN
ftr-323	717	25	,	,	PUNCT
ftr-323	717	26	task	task	PROPN
ftr-323	717	27	force	force	PROPN
ftr-323	717	28	rep	rep	PROPN
ftr-323	717	29	.	.	PROPN
ftr-323	717	30	,	,	PUNCT
ftr-323	717	31	supra	supra	PROPN
ftr-323	717	32	note	note	VERB
ftr-323	717	33	50	50	NUM
ftr-323	717	34	,	,	PUNCT
ftr-323	717	35	at	at	ADP
ftr-323	717	36	723	723	NUM
ftr-323	717	37	.	.	NOUN
ftr-323	717	38	2012	2012	NUM
ftr-323	717	39	]	]	PUNCT
ftr-323	717	40	exemption	exemption	NOUN
ftr-323	717	41	when	when	SCONJ
ftr-323	717	42	the	the	DET
ftr-323	717	43	treasury	treasury	NOUN
ftr-323	717	44	is	be	AUX
ftr-323	717	45	empty	empty	ADJ
ftr-323	717	46	435	435	NUM
ftr-323	717	47	2	2	NUM
ftr-323	717	48	.	.	PUNCT
ftr-323	717	49	other	other	ADJ
ftr-323	717	50	untaxed	untaxed	ADJ
ftr-323	717	51	foreign	foreign	ADJ
ftr-323	717	52	income	income	NOUN
ftr-323	717	53	the	the	DET
ftr-323	717	54	current	current	ADJ
ftr-323	717	55	u.s	u.s	PROPN
ftr-323	717	56	.	.	PROPN
ftr-323	717	57	international	international	ADJ
ftr-323	717	58	income	income	NOUN
ftr-323	717	59	tax	tax	NOUN
ftr-323	717	60	system	system	NOUN
ftr-323	717	61	treats	treat	VERB
ftr-323	717	62	certain	certain	ADJ
ftr-323	717	63	income	income	NOUN
ftr-323	717	64	items	item	NOUN
ftr-323	717	65	as	as	ADP
ftr-323	717	66	having	have	VERB
ftr-323	717	67	a	a	DET
ftr-323	717	68	foreign	foreign	ADJ
ftr-323	717	69	source	source	NOUN
ftr-323	717	70	even	even	ADV
ftr-323	717	71	though	though	SCONJ
ftr-323	717	72	they	they	PRON
ftr-323	717	73	are	be	AUX
ftr-323	717	74	typically	typically	ADV
ftr-323	717	75	subject	subject	ADJ
ftr-323	717	76	to	to	ADP
ftr-323	717	77	little	little	ADJ
ftr-323	717	78	or	or	CCONJ
ftr-323	717	79	no	no	PRON
ftr-323	717	80	foreign	foreign	ADJ
ftr-323	717	81	tax.122	tax.122	NOUN
ftr-323	717	82	examples	example	NOUN
ftr-323	717	83	include	include	VERB
ftr-323	717	84	certain	certain	ADJ
ftr-323	717	85	transportation	transportation	NOUN
ftr-323	717	86	income	income	NOUN
ftr-323	717	87	attributable	attributable	ADJ
ftr-323	717	88	to	to	ADP
ftr-323	717	89	transportation	transportation	NOUN
ftr-323	717	90	that	that	PRON
ftr-323	717	91	begins	begin	VERB
ftr-323	717	92	or	or	CCONJ
ftr-323	717	93	ends	end	VERB
ftr-323	717	94	in	in	ADP
ftr-323	717	95	the	the	DET
ftr-323	717	96	united	united	PROPN
ftr-323	717	97	states	states	PROPN
ftr-323	717	98	,	,	PUNCT
ftr-323	717	99	certain	certain	ADJ
ftr-323	717	100	income	income	NOUN
ftr-323	717	101	derived	derive	VERB
ftr-323	717	102	from	from	ADP
ftr-323	717	103	a	a	DET
ftr-323	717	104	space	space	NOUN
ftr-323	717	105	or	or	CCONJ
ftr-323	717	106	ocean	ocean	NOUN
ftr-323	717	107	activity	activity	NOUN
ftr-323	717	108	,	,	PUNCT
ftr-323	717	109	international	international	ADJ
ftr-323	717	110	communications	communication	NOUN
ftr-323	717	111	income	income	NOUN
ftr-323	717	112	,	,	PUNCT
ftr-323	717	113	and	and	CCONJ
ftr-323	717	114	shipping	shipping	NOUN
ftr-323	717	115	income	income	NOUN
ftr-323	717	116	,	,	PUNCT
ftr-323	717	117	which	which	PRON
ftr-323	717	118	the	the	DET
ftr-323	717	119	current	current	ADJ
ftr-323	717	120	statute	statute	NOUN
ftr-323	717	121	and	and	CCONJ
ftr-323	717	122	regulations	regulation	NOUN
ftr-323	717	123	treat	treat	VERB
ftr-323	717	124	(	(	PUNCT
ftr-323	717	125	in	in	ADP
ftr-323	717	126	whole	whole	NOUN
ftr-323	717	127	or	or	CCONJ
ftr-323	717	128	in	in	ADP
ftr-323	717	129	part	part	NOUN
ftr-323	717	130	)	)	PUNCT
ftr-323	717	131	as	as	SCONJ
ftr-323	717	132	foreign	foreign	ADJ
ftr-323	717	133	-	-	PUNCT
ftr-323	717	134	source	source	NOUN
ftr-323	717	135	income.123	income.123	VERB
ftr-323	717	136	another	another	DET
ftr-323	717	137	example	example	NOUN
ftr-323	717	138	would	would	AUX
ftr-323	717	139	be	be	AUX
ftr-323	717	140	a	a	DET
ftr-323	717	141	u.s	u.s	PROPN
ftr-323	717	142	.	.	PROPN
ftr-323	717	143	person	person	NOUN
ftr-323	717	144	’s	’s	PART
ftr-323	717	145	income	income	NOUN
ftr-323	717	146	from	from	ADP
ftr-323	717	147	services	service	NOUN
ftr-323	717	148	that	that	PRON
ftr-323	717	149	are	be	AUX
ftr-323	717	150	performed	perform	VERB
ftr-323	717	151	outside	outside	ADP
ftr-323	717	152	the	the	DET
ftr-323	717	153	united	united	PROPN
ftr-323	717	154	states124	states124	PROPN
ftr-323	717	155	but	but	CCONJ
ftr-323	717	156	which	which	PRON
ftr-323	717	157	are	be	AUX
ftr-323	717	158	not	not	PART
ftr-323	717	159	attributable	attributable	ADJ
ftr-323	717	160	to	to	ADP
ftr-323	717	161	an	an	DET
ftr-323	717	162	office	office	NOUN
ftr-323	717	163	or	or	CCONJ
ftr-323	717	164	other	other	ADJ
ftr-323	717	165	fixed	fix	VERB
ftr-323	717	166	base	base	NOUN
ftr-323	717	167	in	in	ADP
ftr-323	717	168	any	any	DET
ftr-323	717	169	foreign	foreign	ADJ
ftr-323	717	170	country	country	NOUN
ftr-323	717	171	and	and	CCONJ
ftr-323	717	172	,	,	PUNCT
ftr-323	717	173	thus	thus	ADV
ftr-323	717	174	,	,	PUNCT
ftr-323	717	175	unlikely	unlikely	ADJ
ftr-323	717	176	to	to	PART
ftr-323	717	177	be	be	AUX
ftr-323	717	178	taxed	tax	VERB
ftr-323	717	179	by	by	ADP
ftr-323	717	180	any	any	DET
ftr-323	717	181	foreign	foreign	ADJ
ftr-323	717	182	country.125	country.125	NOUN
ftr-323	717	183	such	such	ADJ
ftr-323	717	184	income	income	NOUN
ftr-323	717	185	is	be	AUX
ftr-323	717	186	often	often	ADV
ftr-323	717	187	effectively	effectively	ADV
ftr-323	717	188	exempt	exempt	ADJ
ftr-323	717	189	from	from	ADP
ftr-323	717	190	u.s	u.s	PROPN
ftr-323	717	191	.	.	PROPN
ftr-323	717	192	income	income	NOUN
ftr-323	717	193	tax	tax	NOUN
ftr-323	717	194	under	under	ADP
ftr-323	717	195	the	the	DET
ftr-323	717	196	current	current	ADJ
ftr-323	717	197	u.s	u.s	PROPN
ftr-323	717	198	.	.	PROPN
ftr-323	717	199	international	international	ADJ
ftr-323	717	200	tax	tax	NOUN
ftr-323	717	201	system	system	NOUN
ftr-323	717	202	because	because	SCONJ
ftr-323	717	203	of	of	ADP
ftr-323	717	204	the	the	DET
ftr-323	717	205	cross	cross	ADJ
ftr-323	717	206	-	-	ADJ
ftr-323	717	207	crediting	crediting	ADJ
ftr-323	717	208	opportunities	opportunity	NOUN
ftr-323	717	209	provided	provide	VERB
ftr-323	717	210	by	by	ADP
ftr-323	717	211	the	the	DET
ftr-323	717	212	current	current	ADJ
ftr-323	717	213	u.s	u.s	PROPN
ftr-323	717	214	.	.	PROPN
ftr-323	717	215	tax	tax	NOUN
ftr-323	717	216	law.126	law.126	NOUN
ftr-323	717	217	as	as	SCONJ
ftr-323	717	218	explained	explain	VERB
ftr-323	717	219	in	in	ADP
ftr-323	717	220	connection	connection	NOUN
ftr-323	717	221	with	with	ADP
ftr-323	717	222	the	the	DET
ftr-323	717	223	preceding	precede	VERB
ftr-323	717	224	discussion	discussion	NOUN
ftr-323	717	225	of	of	ADP
ftr-323	717	226	royalties	royalty	NOUN
ftr-323	717	227	,	,	PUNCT
ftr-323	717	228	this	this	DET
ftr-323	717	229	zero	zero	NUM
ftr-323	717	230	tax	tax	NOUN
ftr-323	717	231	treatment	treatment	NOUN
ftr-323	717	232	exceeds	exceed	VERB
ftr-323	717	233	the	the	DET
ftr-323	717	234	international	international	ADJ
ftr-323	717	235	law	law	NOUN
ftr-323	717	236	and	and	CCONJ
ftr-323	717	237	equity	equity	NOUN
ftr-323	717	238	-	-	PUNCT
ftr-323	717	239	based	base	VERB
ftr-323	717	240	obligations	obligation	NOUN
ftr-323	717	241	of	of	ADP
ftr-323	717	242	the	the	DET
ftr-323	717	243	united	united	PROPN
ftr-323	717	244	states	states	PROPN
ftr-323	717	245	;	;	PUNCT
ftr-323	717	246	accordingly	accordingly	ADV
ftr-323	717	247	,	,	PUNCT
ftr-323	717	248	the	the	DET
ftr-323	717	249	case	case	NOUN
ftr-323	717	250	for	for	ADP
ftr-323	717	251	including	include	VERB
ftr-323	717	252	such	such	ADJ
ftr-323	717	253	income	income	NOUN
ftr-323	717	254	within	within	ADP
ftr-323	717	255	the	the	DET
ftr-323	717	256	reach	reach	NOUN
ftr-323	717	257	of	of	ADP
ftr-323	717	258	the	the	DET
ftr-323	717	259	exemption	exemption	NOUN
ftr-323	717	260	system	system	NOUN
ftr-323	717	261	is	be	AUX
ftr-323	717	262	exceedingly	exceedingly	ADV
ftr-323	717	263	weak	weak	ADJ
ftr-323	717	264	.	.	PUNCT
ftr-323	718	1	nevertheless	nevertheless	ADV
ftr-323	718	2	,	,	PUNCT
ftr-323	718	3	the	the	DET
ftr-323	718	4	beneficiaries	beneficiary	NOUN
ftr-323	718	5	can	can	AUX
ftr-323	718	6	be	be	AUX
ftr-323	718	7	expected	expect	VERB
ftr-323	718	8	to	to	PART
ftr-323	718	9	insist	insist	VERB
ftr-323	718	10	that	that	SCONJ
ftr-323	718	11	these	these	DET
ftr-323	718	12	income	income	NOUN
ftr-323	718	13	items	item	NOUN
ftr-323	718	14	be	be	AUX
ftr-323	718	15	included	include	VERB
ftr-323	718	16	in	in	ADP
ftr-323	718	17	the	the	DET
ftr-323	718	18	income	income	NOUN
ftr-323	718	19	that	that	PRON
ftr-323	718	20	is	be	AUX
ftr-323	718	21	exempted	exempt	VERB
ftr-323	718	22	from	from	ADP
ftr-323	718	23	u.s	u.s	PROPN
ftr-323	718	24	.	.	PROPN
ftr-323	718	25	taxation	taxation	NOUN
ftr-323	718	26	by	by	ADP
ftr-323	718	27	a	a	DET
ftr-323	718	28	u.s	u.s	PROPN
ftr-323	718	29	.	.	PROPN
ftr-323	718	30	territorial	territorial	ADJ
ftr-323	718	31	system	system	NOUN
ftr-323	718	32	.	.	PUNCT
ftr-323	719	1	3	3	X
ftr-323	719	2	.	.	X
ftr-323	719	3	export	export	NOUN
ftr-323	719	4	sales	sale	NOUN
ftr-323	719	5	inventory	inventory	NOUN
ftr-323	719	6	sales	sale	NOUN
ftr-323	719	7	income	income	NOUN
ftr-323	719	8	is	be	AUX
ftr-323	719	9	sourced	source	VERB
ftr-323	719	10	to	to	ADP
ftr-323	719	11	the	the	DET
ftr-323	719	12	place	place	NOUN
ftr-323	719	13	of	of	ADP
ftr-323	719	14	sale	sale	NOUN
ftr-323	719	15	under	under	ADP
ftr-323	719	16	sections	section	NOUN
ftr-323	719	17	861(a)(6	861(a)(6	NUM
ftr-323	719	18	)	)	PUNCT
ftr-323	719	19	,	,	PUNCT
ftr-323	719	20	862(a)(6	862(a)(6	NUM
ftr-323	719	21	)	)	PUNCT
ftr-323	719	22	,	,	PUNCT
ftr-323	719	23	and	and	CCONJ
ftr-323	719	24	865(b	865(b	PROPN
ftr-323	719	25	)	)	PUNCT
ftr-323	719	26	,	,	PUNCT
ftr-323	719	27	and	and	CCONJ
ftr-323	719	28	under	under	ADP
ftr-323	719	29	the	the	DET
ftr-323	719	30	regulations127	regulations127	PROPN
ftr-323	719	31	and	and	CCONJ
ftr-323	719	32	case	case	NOUN
ftr-323	719	33	122	122	NUM
ftr-323	719	34	.	.	PUNCT
ftr-323	720	1	see	see	VERB
ftr-323	720	2	fleming	fleming	PROPN
ftr-323	720	3	,	,	PUNCT
ftr-323	720	4	peroni	peroni	PROPN
ftr-323	720	5	&	&	CCONJ
ftr-323	720	6	shay	shay	PROPN
ftr-323	720	7	,	,	PUNCT
ftr-323	720	8	worse	bad	ADJ
ftr-323	720	9	than	than	ADP
ftr-323	720	10	exemption	exemption	NOUN
ftr-323	720	11	,	,	PUNCT
ftr-323	720	12	supra	supra	PROPN
ftr-323	720	13	note	note	NOUN
ftr-323	720	14	4	4	NUM
ftr-323	720	15	,	,	PUNCT
ftr-323	720	16	at	at	ADP
ftr-323	720	17	145	145	NUM
ftr-323	720	18	;	;	PUNCT
ftr-323	720	19	graetz	graetz	PROPN
ftr-323	720	20	&	&	CCONJ
ftr-323	720	21	oosterhuis	oosterhuis	PROPN
ftr-323	720	22	,	,	PUNCT
ftr-323	720	23	structuring	structure	VERB
ftr-323	720	24	an	an	DET
ftr-323	720	25	exemption	exemption	NOUN
ftr-323	720	26	system	system	NOUN
ftr-323	720	27	,	,	PUNCT
ftr-323	720	28	supra	supra	PROPN
ftr-323	720	29	note	note	NOUN
ftr-323	720	30	50	50	NUM
ftr-323	720	31	,	,	PUNCT
ftr-323	720	32	at	at	ADP
ftr-323	720	33	776	776	NUM
ftr-323	720	34	.	.	PUNCT
ftr-323	721	1	123	123	NUM
ftr-323	721	2	.	.	PUNCT
ftr-323	722	1	see	see	VERB
ftr-323	722	2	,	,	PUNCT
ftr-323	722	3	e.g.	e.g.	ADV
ftr-323	722	4	,	,	PUNCT
ftr-323	722	5	i.r.c	i.r.c	NOUN
ftr-323	722	6	.	.	PUNCT
ftr-323	723	1	§	§	PROPN
ftr-323	723	2	863(c	863(c	PROPN
ftr-323	723	3	)	)	PUNCT
ftr-323	723	4	,	,	PUNCT
ftr-323	723	5	(	(	PUNCT
ftr-323	723	6	d	d	NOUN
ftr-323	723	7	)	)	PUNCT
ftr-323	723	8	,	,	PUNCT
ftr-323	723	9	(	(	PUNCT
ftr-323	723	10	e	e	NOUN
ftr-323	723	11	)	)	PUNCT
ftr-323	723	12	;	;	PUNCT
ftr-323	723	13	reg	reg	NOUN
ftr-323	723	14	.	.	PUNCT
ftr-323	724	1	§	§	PROPN
ftr-323	724	2	§	§	PROPN
ftr-323	724	3	1.863	1.863	NUM
ftr-323	724	4	-	-	SYM
ftr-323	724	5	4	4	NUM
ftr-323	724	6	,	,	PUNCT
ftr-323	724	7	-8	-8	NOUN
ftr-323	724	8	,	,	PUNCT
ftr-323	724	9	-9	-9	INTJ
ftr-323	724	10	.	.	PUNCT
ftr-323	724	11	124	124	NUM
ftr-323	724	12	.	.	PUNCT
ftr-323	725	1	such	such	ADJ
ftr-323	725	2	personal	personal	ADJ
ftr-323	725	3	service	service	NOUN
ftr-323	725	4	income	income	NOUN
ftr-323	725	5	would	would	AUX
ftr-323	725	6	be	be	AUX
ftr-323	725	7	treated	treat	VERB
ftr-323	725	8	as	as	ADP
ftr-323	725	9	foreign	foreign	ADJ
ftr-323	725	10	-	-	PUNCT
ftr-323	725	11	source	source	NOUN
ftr-323	725	12	income	income	NOUN
ftr-323	725	13	under	under	ADP
ftr-323	725	14	the	the	DET
ftr-323	725	15	place	place	NOUN
ftr-323	725	16	-	-	PUNCT
ftr-323	725	17	of	of	ADP
ftr-323	725	18	-	-	PUNCT
ftr-323	725	19	performance	performance	NOUN
ftr-323	725	20	rule	rule	NOUN
ftr-323	725	21	in	in	ADP
ftr-323	725	22	sections	section	NOUN
ftr-323	725	23	861(a)(3	861(a)(3	NUM
ftr-323	725	24	)	)	PUNCT
ftr-323	725	25	and	and	CCONJ
ftr-323	725	26	862(a)(3	862(a)(3	NOUN
ftr-323	725	27	)	)	PUNCT
ftr-323	725	28	of	of	ADP
ftr-323	725	29	current	current	ADJ
ftr-323	725	30	law	law	NOUN
ftr-323	725	31	.	.	PUNCT
ftr-323	726	1	125	125	NUM
ftr-323	726	2	.	.	PUNCT
ftr-323	726	3	see	see	VERB
ftr-323	726	4	supra	supra	PROPN
ftr-323	726	5	note	note	PROPN
ftr-323	726	6	122	122	NUM
ftr-323	726	7	.	.	PUNCT
ftr-323	726	8	126	126	NUM
ftr-323	726	9	.	.	PUNCT
ftr-323	727	1	see	see	VERB
ftr-323	727	2	fleming	fleming	PROPN
ftr-323	727	3	,	,	PUNCT
ftr-323	727	4	peroni	peroni	PROPN
ftr-323	727	5	&	&	CCONJ
ftr-323	727	6	shay	shay	PROPN
ftr-323	727	7	,	,	PUNCT
ftr-323	727	8	worse	bad	ADJ
ftr-323	727	9	than	than	ADP
ftr-323	727	10	exemption	exemption	NOUN
ftr-323	727	11	,	,	PUNCT
ftr-323	727	12	supra	supra	PROPN
ftr-323	727	13	note	note	NOUN
ftr-323	727	14	4	4	NUM
ftr-323	727	15	,	,	PUNCT
ftr-323	727	16	at	at	ADP
ftr-323	727	17	145	145	NUM
ftr-323	727	18	;	;	PUNCT
ftr-323	727	19	shay	shay	PROPN
ftr-323	727	20	,	,	PUNCT
ftr-323	727	21	fleming	fleming	PROPN
ftr-323	727	22	&	&	CCONJ
ftr-323	727	23	peroni	peroni	PROPN
ftr-323	727	24	,	,	PUNCT
ftr-323	727	25	source	source	NOUN
ftr-323	727	26	rules	rule	NOUN
ftr-323	727	27	,	,	PUNCT
ftr-323	727	28	supra	supra	PROPN
ftr-323	727	29	note	note	NOUN
ftr-323	727	30	8	8	NUM
ftr-323	727	31	,	,	PUNCT
ftr-323	727	32	at	at	ADP
ftr-323	727	33	152–53	152–53	PROPN
ftr-323	727	34	.	.	PUNCT
ftr-323	728	1	127	127	NUM
ftr-323	728	2	.	.	PUNCT
ftr-323	729	1	see	see	VERB
ftr-323	729	2	reg	reg	NOUN
ftr-323	729	3	.	.	PUNCT
ftr-323	730	1	§	§	PROPN
ftr-323	730	2	1.861	1.861	NUM
ftr-323	730	3	-	-	PUNCT
ftr-323	730	4	7(c	7(c	NUM
ftr-323	730	5	)	)	PUNCT
ftr-323	730	6	.	.	PUNCT
ftr-323	731	1	the	the	DET
ftr-323	731	2	regulations	regulation	NOUN
ftr-323	731	3	,	,	PUNCT
ftr-323	731	4	however	however	ADV
ftr-323	731	5	,	,	PUNCT
ftr-323	731	6	have	have	AUX
ftr-323	731	7	long	long	ADV
ftr-323	731	8	had	have	VERB
ftr-323	731	9	a	a	DET
ftr-323	731	10	taxavoidance	taxavoidance	NOUN
ftr-323	731	11	exception	exception	NOUN
ftr-323	731	12	to	to	ADP
ftr-323	731	13	the	the	DET
ftr-323	731	14	title	title	NOUN
ftr-323	731	15	passage	passage	NOUN
ftr-323	731	16	rule	rule	NOUN
ftr-323	731	17	,	,	PUNCT
ftr-323	731	18	which	which	PRON
ftr-323	731	19	provides	provide	VERB
ftr-323	731	20	that	that	SCONJ
ftr-323	731	21	the	the	DET
ftr-323	731	22	place	place	NOUN
ftr-323	731	23	where	where	SCONJ
ftr-323	731	24	the	the	DET
ftr-323	731	25	substance	substance	NOUN
ftr-323	731	26	of	of	ADP
ftr-323	731	27	the	the	DET
ftr-323	731	28	sale	sale	NOUN
ftr-323	731	29	occurred	occur	VERB
ftr-323	731	30	,	,	PUNCT
ftr-323	731	31	instead	instead	ADV
ftr-323	731	32	of	of	ADP
ftr-323	731	33	the	the	DET
ftr-323	731	34	place	place	NOUN
ftr-323	731	35	where	where	SCONJ
ftr-323	731	36	title	title	NOUN
ftr-323	731	37	passed	pass	VERB
ftr-323	731	38	,	,	PUNCT
ftr-323	731	39	will	will	AUX
ftr-323	731	40	be	be	AUX
ftr-323	731	41	treated	treat	VERB
ftr-323	731	42	as	as	ADP
ftr-323	731	43	the	the	DET
ftr-323	731	44	place	place	NOUN
ftr-323	731	45	of	of	ADP
ftr-323	731	46	sale	sale	NOUN
ftr-323	731	47	if	if	SCONJ
ftr-323	731	48	the	the	DET
ftr-323	731	49	“	"	PUNCT
ftr-323	731	50	sales	sale	NOUN
ftr-323	731	51	transaction	transaction	NOUN
ftr-323	731	52	is	be	AUX
ftr-323	731	53	arranged	arrange	VERB
ftr-323	731	54	in	in	ADP
ftr-323	731	55	a	a	DET
ftr-323	731	56	particular	particular	ADJ
ftr-323	731	57	manner	manner	NOUN
ftr-323	731	58	for	for	ADP
ftr-323	731	59	the	the	DET
ftr-323	731	60	primary	primary	ADJ
ftr-323	731	61	purpose	purpose	NOUN
ftr-323	731	62	of	of	ADP
ftr-323	731	63	tax	tax	NOUN
ftr-323	731	64	avoidance	avoidance	NOUN
ftr-323	731	65	.	.	PUNCT
ftr-323	731	66	”	"	PUNCT
ftr-323	732	1	i	i	PRON
ftr-323	732	2	d.	d.	VERB
ftr-323	732	3	this	this	DET
ftr-323	732	4	tax	tax	NOUN
ftr-323	732	5	-	-	PUNCT
ftr-323	732	6	avoidance	avoidance	NOUN
ftr-323	732	7	exception	exception	NOUN
ftr-323	732	8	has	have	AUX
ftr-323	732	9	had	have	VERB
ftr-323	732	10	little	little	ADJ
ftr-323	732	11	practical	practical	ADJ
ftr-323	732	12	effect	effect	NOUN
ftr-323	732	13	in	in	ADP
ftr-323	732	14	preventing	prevent	VERB
ftr-323	732	15	manipulation	manipulation	NOUN
ftr-323	732	16	of	of	ADP
ftr-323	732	17	the	the	DET
ftr-323	732	18	inventory	inventory	NOUN
ftr-323	732	19	source	source	NOUN
ftr-323	732	20	rules	rule	NOUN
ftr-323	732	21	because	because	SCONJ
ftr-323	732	22	the	the	DET
ftr-323	732	23	government	government	NOUN
ftr-323	732	24	has	have	AUX
ftr-323	732	25	been	be	AUX
ftr-323	732	26	generally	generally	ADV
ftr-323	732	27	unsuccessful	unsuccessful	ADJ
ftr-323	732	28	when	when	SCONJ
ftr-323	732	29	litigating	litigate	VERB
ftr-323	732	30	its	its	PRON
ftr-323	732	31	application	application	NOUN
ftr-323	732	32	.	.	PUNCT
ftr-323	733	1	see	see	VERB
ftr-323	733	2	3	3	NUM
ftr-323	733	3	boris	boris	PROPN
ftr-323	733	4	i.	i.	PROPN
ftr-323	733	5	bittker	bittker	PROPN
ftr-323	733	6	&	&	CCONJ
ftr-323	733	7	lawrence	lawrence	PROPN
ftr-323	733	8	lokken	lokken	PROPN
ftr-323	733	9	,	,	PUNCT
ftr-323	733	10	federal	federal	ADJ
ftr-323	733	11	taxation	taxation	NOUN
ftr-323	733	12	of	of	ADP
ftr-323	733	13	income	income	NOUN
ftr-323	733	14	,	,	PUNCT
ftr-323	733	15	estates	estate	NOUN
ftr-323	733	16	and	and	CCONJ
ftr-323	733	17	gifts	gift	NOUN
ftr-323	733	18	73–42	73–42	NUM
ftr-323	733	19	to	to	ADP
ftr-323	733	20	73–43	73–43	NUM
ftr-323	733	21	(	(	PUNCT
ftr-323	733	22	rev	rev	PROPN
ftr-323	733	23	.	.	PROPN
ftr-323	733	24	3d	3d	PROPN
ftr-323	733	25	ed	ed	NOUN
ftr-323	733	26	.	.	PROPN
ftr-323	733	27	2005	2005	NUM
ftr-323	733	28	)	)	PUNCT
ftr-323	734	1	[	[	X
ftr-323	734	2	hereinafter	hereinafter	NOUN
ftr-323	734	3	bittker	bittker	NOUN
ftr-323	734	4	&	&	CCONJ
ftr-323	734	5	lokken	lokken	PROPN
ftr-323	734	6	,	,	PUNCT
ftr-323	734	7	436	436	NUM
ftr-323	734	8	florida	florida	PROPN
ftr-323	734	9	tax	tax	NOUN
ftr-323	734	10	review	review	NOUN
ftr-323	734	11	[	[	X
ftr-323	734	12	vol	vol	NOUN
ftr-323	734	13	.	.	PUNCT
ftr-323	735	1	13:8	13:8	NUM
ftr-323	735	2	law,128	law,128	VERB
ftr-323	735	3	the	the	DET
ftr-323	735	4	place	place	NOUN
ftr-323	735	5	of	of	ADP
ftr-323	735	6	sale	sale	NOUN
ftr-323	735	7	of	of	ADP
ftr-323	735	8	inventory	inventory	NOUN
ftr-323	735	9	is	be	AUX
ftr-323	735	10	defined	define	VERB
ftr-323	735	11	as	as	ADP
ftr-323	735	12	the	the	DET
ftr-323	735	13	location	location	NOUN
ftr-323	735	14	where	where	SCONJ
ftr-323	735	15	the	the	DET
ftr-323	735	16	seller	seller	NOUN
ftr-323	735	17	’s	’s	PART
ftr-323	735	18	rights	right	NOUN
ftr-323	735	19	,	,	PUNCT
ftr-323	735	20	title	title	NOUN
ftr-323	735	21	,	,	PUNCT
ftr-323	735	22	and	and	CCONJ
ftr-323	735	23	interest	interest	NOUN
ftr-323	735	24	in	in	ADP
ftr-323	735	25	the	the	DET
ftr-323	735	26	inventory	inventory	NOUN
ftr-323	735	27	pass	pass	VERB
ftr-323	735	28	to	to	ADP
ftr-323	735	29	the	the	DET
ftr-323	735	30	buyer.129	buyer.129	PROPN
ftr-323	735	31	if	if	SCONJ
ftr-323	735	32	the	the	DET
ftr-323	735	33	u.s	u.s	PROPN
ftr-323	735	34	.	.	PROPN
ftr-323	735	35	seller	seller	NOUN
ftr-323	735	36	is	be	AUX
ftr-323	735	37	also	also	ADV
ftr-323	735	38	the	the	DET
ftr-323	735	39	inventory	inventory	NOUN
ftr-323	735	40	’s	’s	PART
ftr-323	735	41	manufacturer	manufacturer	NOUN
ftr-323	735	42	,	,	PUNCT
ftr-323	735	43	the	the	DET
ftr-323	735	44	“	"	PUNCT
ftr-323	735	45	export	export	NOUN
ftr-323	735	46	sales	sale	NOUN
ftr-323	735	47	source	source	NOUN
ftr-323	735	48	rule	rule	NOUN
ftr-323	735	49	”	"	PUNCT
ftr-323	735	50	arbitrarily	arbitrarily	ADV
ftr-323	735	51	treats	treat	VERB
ftr-323	735	52	the	the	DET
ftr-323	735	53	resulting	result	VERB
ftr-323	735	54	income	income	NOUN
ftr-323	735	55	as	as	ADP
ftr-323	735	56	50	50	NUM
ftr-323	735	57	percent	percent	NOUN
ftr-323	735	58	production	production	NOUN
ftr-323	735	59	income	income	NOUN
ftr-323	735	60	and	and	CCONJ
ftr-323	735	61	50	50	NUM
ftr-323	735	62	percent	percent	NOUN
ftr-323	735	63	sales	sale	NOUN
ftr-323	735	64	proceeds,130	proceeds,130	ADJ
ftr-323	735	65	with	with	ADP
ftr-323	735	66	the	the	DET
ftr-323	735	67	production	production	NOUN
ftr-323	735	68	component	component	NOUN
ftr-323	735	69	sourced	source	VERB
ftr-323	735	70	to	to	ADP
ftr-323	735	71	the	the	DET
ftr-323	735	72	location	location	NOUN
ftr-323	735	73	of	of	ADP
ftr-323	735	74	the	the	DET
ftr-323	735	75	production	production	NOUN
ftr-323	735	76	assets131	assets131	PUNCT
ftr-323	735	77	and	and	CCONJ
ftr-323	735	78	the	the	DET
ftr-323	735	79	sales	sale	NOUN
ftr-323	735	80	portion	portion	NOUN
ftr-323	735	81	generally	generally	ADV
ftr-323	735	82	sourced	source	VERB
ftr-323	735	83	to	to	ADP
ftr-323	735	84	the	the	DET
ftr-323	735	85	location	location	NOUN
ftr-323	735	86	of	of	ADP
ftr-323	735	87	the	the	DET
ftr-323	735	88	sale	sale	NOUN
ftr-323	735	89	as	as	SCONJ
ftr-323	735	90	identified	identify	VERB
ftr-323	735	91	by	by	ADP
ftr-323	735	92	the	the	DET
ftr-323	735	93	title	title	NOUN
ftr-323	735	94	passage	passage	NOUN
ftr-323	735	95	test.132	test.132	PRON
ftr-323	735	96	thus	thus	ADV
ftr-323	735	97	,	,	PUNCT
ftr-323	735	98	the	the	DET
ftr-323	735	99	50	50	NUM
ftr-323	735	100	percent	percent	NOUN
ftr-323	735	101	notional	notional	ADJ
ftr-323	735	102	sales	sale	NOUN
ftr-323	735	103	income	income	NOUN
ftr-323	735	104	component	component	NOUN
ftr-323	735	105	usually	usually	ADV
ftr-323	735	106	will	will	AUX
ftr-323	735	107	be	be	AUX
ftr-323	735	108	characterized	characterize	VERB
ftr-323	735	109	as	as	ADP
ftr-323	735	110	foreign	foreign	ADJ
ftr-323	735	111	-	-	PUNCT
ftr-323	735	112	source	source	NOUN
ftr-323	735	113	if	if	SCONJ
ftr-323	735	114	title	title	NOUN
ftr-323	735	115	to	to	ADP
ftr-323	735	116	the	the	DET
ftr-323	735	117	inventory	inventory	NOUN
ftr-323	735	118	passes	pass	VERB
ftr-323	735	119	to	to	ADP
ftr-323	735	120	the	the	DET
ftr-323	735	121	purchaser	purchaser	NOUN
ftr-323	735	122	outside	outside	ADP
ftr-323	735	123	the	the	DET
ftr-323	735	124	united	united	PROPN
ftr-323	735	125	states.133	states.133	PROPN
ftr-323	735	126	stated	state	VERB
ftr-323	735	127	differently	differently	ADV
ftr-323	735	128	,	,	PUNCT
ftr-323	735	129	the	the	DET
ftr-323	735	130	export	export	NOUN
ftr-323	735	131	sales	sale	NOUN
ftr-323	735	132	source	source	NOUN
ftr-323	735	133	rule	rule	NOUN
ftr-323	735	134	of	of	ADP
ftr-323	735	135	current	current	ADJ
ftr-323	735	136	law	law	NOUN
ftr-323	735	137	does	do	AUX
ftr-323	735	138	not	not	PART
ftr-323	735	139	attempt	attempt	VERB
ftr-323	735	140	to	to	PART
ftr-323	735	141	actually	actually	ADV
ftr-323	735	142	relate	relate	VERB
ftr-323	735	143	the	the	DET
ftr-323	735	144	source	source	NOUN
ftr-323	735	145	of	of	ADP
ftr-323	735	146	export	export	NOUN
ftr-323	735	147	sales	sale	NOUN
ftr-323	735	148	income	income	NOUN
ftr-323	735	149	to	to	ADP
ftr-323	735	150	the	the	DET
ftr-323	735	151	economic	economic	ADJ
ftr-323	735	152	activity	activity	NOUN
ftr-323	735	153	that	that	PRON
ftr-323	735	154	generated	generate	VERB
ftr-323	735	155	the	the	DET
ftr-323	735	156	income.134	income.134	NOUN
ftr-323	735	157	instead	instead	ADV
ftr-323	735	158	,	,	PUNCT
ftr-323	735	159	this	this	DET
ftr-323	735	160	rule	rule	NOUN
ftr-323	735	161	arbitrarily	arbitrarily	ADV
ftr-323	735	162	allows	allow	VERB
ftr-323	735	163	no	no	DET
ftr-323	735	164	less	less	ADJ
ftr-323	735	165	than	than	ADP
ftr-323	735	166	50	50	NUM
ftr-323	735	167	percent	percent	NOUN
ftr-323	735	168	of	of	ADP
ftr-323	735	169	the	the	DET
ftr-323	735	170	u.s	u.s	PROPN
ftr-323	735	171	.	.	PROPN
ftr-323	735	172	manufacturer	manufacturer	PROPN
ftr-323	735	173	’s	’s	PART
ftr-323	735	174	income	income	NOUN
ftr-323	735	175	from	from	ADP
ftr-323	735	176	an	an	DET
ftr-323	735	177	export	export	NOUN
ftr-323	735	178	sale	sale	NOUN
ftr-323	735	179	to	to	PART
ftr-323	735	180	be	be	AUX
ftr-323	735	181	treated	treat	VERB
ftr-323	735	182	as	as	ADP
ftr-323	735	183	having	have	VERB
ftr-323	735	184	a	a	DET
ftr-323	735	185	foreign	foreign	ADJ
ftr-323	735	186	source	source	NOUN
ftr-323	735	187	even	even	ADV
ftr-323	735	188	when	when	SCONJ
ftr-323	735	189	the	the	DET
ftr-323	735	190	income	income	NOUN
ftr-323	735	191	bears	bear	VERB
ftr-323	735	192	no	no	DET
ftr-323	735	193	material	material	NOUN
ftr-323	735	194	foreign	foreign	ADJ
ftr-323	735	195	tax	tax	NOUN
ftr-323	735	196	and	and	CCONJ
ftr-323	735	197	even	even	ADV
ftr-323	735	198	if	if	SCONJ
ftr-323	735	199	most	most	ADJ
ftr-323	735	200	of	of	ADP
ftr-323	735	201	the	the	DET
ftr-323	735	202	taxpayer	taxpayer	NOUN
ftr-323	735	203	’s	’s	PART
ftr-323	735	204	economic	economic	ADJ
ftr-323	735	205	activity	activity	NOUN
ftr-323	735	206	giving	give	VERB
ftr-323	735	207	rise	rise	NOUN
ftr-323	735	208	to	to	ADP
ftr-323	735	209	the	the	DET
ftr-323	735	210	income	income	NOUN
ftr-323	735	211	(	(	PUNCT
ftr-323	735	212	i.e.	i.e.	X
ftr-323	735	213	,	,	PUNCT
ftr-323	735	214	producing	produce	VERB
ftr-323	735	215	and	and	CCONJ
ftr-323	735	216	arranging	arrange	VERB
ftr-323	735	217	for	for	ADP
ftr-323	735	218	sale	sale	NOUN
ftr-323	735	219	of	of	ADP
ftr-323	735	220	the	the	DET
ftr-323	735	221	goods	good	NOUN
ftr-323	735	222	)	)	PUNCT
ftr-323	735	223	takes	take	VERB
ftr-323	735	224	place	place	NOUN
ftr-323	735	225	within	within	ADP
ftr-323	735	226	the	the	DET
ftr-323	735	227	united	united	ADJ
ftr-323	735	228	states.135	states.135	PROPN
ftr-323	735	229	taxation	taxation	NOUN
ftr-323	735	230	of	of	ADP
ftr-323	735	231	income	income	NOUN
ftr-323	735	232	,	,	PUNCT
ftr-323	735	233	estates	estate	NOUN
ftr-323	735	234	,	,	PUNCT
ftr-323	735	235	and	and	CCONJ
ftr-323	735	236	gifts	gift	NOUN
ftr-323	735	237	]	]	PUNCT
ftr-323	735	238	;	;	PUNCT
ftr-323	735	239	gustafson	gustafson	PROPN
ftr-323	735	240	,	,	PUNCT
ftr-323	735	241	peroni	peroni	PROPN
ftr-323	735	242	&	&	CCONJ
ftr-323	735	243	pugh	pugh	PROPN
ftr-323	735	244	,	,	PUNCT
ftr-323	735	245	taxation	taxation	NOUN
ftr-323	735	246	of	of	ADP
ftr-323	735	247	international	international	ADJ
ftr-323	735	248	transactions	transaction	NOUN
ftr-323	735	249	,	,	PUNCT
ftr-323	735	250	supra	supra	PROPN
ftr-323	735	251	note	note	NOUN
ftr-323	735	252	10	10	NUM
ftr-323	735	253	,	,	PUNCT
ftr-323	735	254	at	at	ADP
ftr-323	735	255	100	100	NUM
ftr-323	735	256	;	;	PUNCT
ftr-323	735	257	1	1	NUM
ftr-323	735	258	philip	philip	PROPN
ftr-323	735	259	f.	f.	PROPN
ftr-323	735	260	postlewaite	postlewaite	PROPN
ftr-323	735	261	&	&	CCONJ
ftr-323	735	262	samuel	samuel	PROPN
ftr-323	735	263	a.	a.	PROPN
ftr-323	735	264	donaldson	donaldson	PROPN
ftr-323	735	265	,	,	PUNCT
ftr-323	735	266	international	international	ADJ
ftr-323	735	267	taxation	taxation	NOUN
ftr-323	735	268	:	:	PUNCT
ftr-323	735	269	corporate	corporate	ADJ
ftr-323	735	270	and	and	CCONJ
ftr-323	735	271	individual	individual	ADJ
ftr-323	735	272	46	46	NUM
ftr-323	735	273	(	(	PUNCT
ftr-323	735	274	4th	4th	ADJ
ftr-323	735	275	ed	ed	NOUN
ftr-323	735	276	.	.	PROPN
ftr-323	735	277	2003	2003	NUM
ftr-323	735	278	)	)	PUNCT
ftr-323	735	279	.	.	PUNCT
ftr-323	736	1	consequently	consequently	ADV
ftr-323	736	2	,	,	PUNCT
ftr-323	736	3	the	the	DET
ftr-323	736	4	title	title	NOUN
ftr-323	736	5	passage	passage	NOUN
ftr-323	736	6	test	test	NOUN
ftr-323	736	7	is	be	AUX
ftr-323	736	8	the	the	DET
ftr-323	736	9	governing	govern	VERB
ftr-323	736	10	rule	rule	NOUN
ftr-323	736	11	for	for	ADP
ftr-323	736	12	determining	determine	VERB
ftr-323	736	13	the	the	DET
ftr-323	736	14	place	place	NOUN
ftr-323	736	15	of	of	ADP
ftr-323	736	16	sale	sale	NOUN
ftr-323	736	17	for	for	ADP
ftr-323	736	18	inventory	inventory	NOUN
ftr-323	736	19	property	property	NOUN
ftr-323	736	20	,	,	PUNCT
ftr-323	736	21	with	with	ADP
ftr-323	736	22	few	few	ADJ
ftr-323	736	23	exceptions	exception	NOUN
ftr-323	736	24	.	.	PUNCT
ftr-323	737	1	see	see	VERB
ftr-323	737	2	,	,	PUNCT
ftr-323	737	3	e.g.	e.g.	ADV
ftr-323	737	4	,	,	PUNCT
ftr-323	737	5	i.r.c	i.r.c	NOUN
ftr-323	737	6	.	.	PUNCT
ftr-323	738	1	§	§	PROPN
ftr-323	738	2	865(e)(2	865(e)(2	NUM
ftr-323	738	3	)	)	PUNCT
ftr-323	738	4	.	.	PUNCT
ftr-323	739	1	128	128	NUM
ftr-323	739	2	.	.	PUNCT
ftr-323	740	1	see	see	VERB
ftr-323	740	2	,	,	PUNCT
ftr-323	740	3	e.g.	e.g.	ADV
ftr-323	740	4	,	,	PUNCT
ftr-323	740	5	liggett	liggett	PROPN
ftr-323	740	6	group	group	PROPN
ftr-323	740	7	,	,	PUNCT
ftr-323	740	8	inc	inc	PROPN
ftr-323	740	9	.	.	PROPN
ftr-323	741	1	v.	v.	PROPN
ftr-323	741	2	commissioner	commissioner	PROPN
ftr-323	741	3	,	,	PUNCT
ftr-323	741	4	58	58	NUM
ftr-323	741	5	t.c	t.c	PROPN
ftr-323	741	6	.	.	PROPN
ftr-323	741	7	memo	memo	NOUN
ftr-323	741	8	(	(	PUNCT
ftr-323	741	9	cch	cch	NOUN
ftr-323	741	10	)	)	PUNCT
ftr-323	741	11	1167	1167	NUM
ftr-323	741	12	(	(	PUNCT
ftr-323	741	13	1990	1990	NUM
ftr-323	741	14	)	)	PUNCT
ftr-323	741	15	;	;	PUNCT
ftr-323	741	16	a.p	a.p	PROPN
ftr-323	741	17	.	.	PROPN
ftr-323	741	18	green	green	PROPN
ftr-323	741	19	exp	exp	PROPN
ftr-323	741	20	.	.	PROPN
ftr-323	741	21	co.	co.	PROPN
ftr-323	741	22	v.	v.	ADP
ftr-323	741	23	united	united	PROPN
ftr-323	741	24	states	states	PROPN
ftr-323	741	25	,	,	PUNCT
ftr-323	741	26	284	284	NUM
ftr-323	741	27	f.2d	f.2d	SYM
ftr-323	741	28	383	383	NUM
ftr-323	741	29	(	(	PUNCT
ftr-323	741	30	ct	ct	PROPN
ftr-323	741	31	.	.	PUNCT
ftr-323	741	32	cl	cl	NOUN
ftr-323	741	33	.	.	PUNCT
ftr-323	741	34	1960	1960	NUM
ftr-323	741	35	)	)	PUNCT
ftr-323	741	36	.	.	PUNCT
ftr-323	742	1	129	129	NUM
ftr-323	742	2	.	.	PUNCT
ftr-323	743	1	this	this	DET
ftr-323	743	2	rule	rule	NOUN
ftr-323	743	3	is	be	AUX
ftr-323	743	4	often	often	ADV
ftr-323	743	5	referred	refer	VERB
ftr-323	743	6	to	to	ADP
ftr-323	743	7	as	as	ADP
ftr-323	743	8	the	the	DET
ftr-323	743	9	“	"	PUNCT
ftr-323	743	10	title	title	NOUN
ftr-323	743	11	passage	passage	NOUN
ftr-323	743	12	test	test	NOUN
ftr-323	743	13	.	.	PUNCT
ftr-323	743	14	”	"	PUNCT
ftr-323	744	1	130	130	NUM
ftr-323	744	2	.	.	PUNCT
ftr-323	745	1	see	see	VERB
ftr-323	745	2	i.r.c	i.r.c	NOUN
ftr-323	745	3	.	.	PUNCT
ftr-323	746	1	§	§	PROPN
ftr-323	746	2	§	§	PROPN
ftr-323	746	3	863(b	863(b	PROPN
ftr-323	746	4	)	)	PUNCT
ftr-323	746	5	,	,	PUNCT
ftr-323	746	6	865(b	865(b	PROPN
ftr-323	746	7	)	)	PUNCT
ftr-323	746	8	;	;	PUNCT
ftr-323	746	9	reg	reg	NOUN
ftr-323	746	10	.	.	PUNCT
ftr-323	747	1	§	§	PROPN
ftr-323	747	2	1.863	1.863	NUM
ftr-323	747	3	-	-	SYM
ftr-323	747	4	3(a	3(a	NUM
ftr-323	747	5	)	)	PUNCT
ftr-323	747	6	,	,	PUNCT
ftr-323	747	7	(	(	PUNCT
ftr-323	747	8	b	b	NOUN
ftr-323	747	9	)	)	PUNCT
ftr-323	747	10	.	.	PUNCT
ftr-323	748	1	131	131	X
ftr-323	748	2	.	.	PUNCT
ftr-323	749	1	see	see	VERB
ftr-323	749	2	reg	reg	NOUN
ftr-323	749	3	.	.	PUNCT
ftr-323	750	1	§	§	PROPN
ftr-323	750	2	1.863	1.863	NUM
ftr-323	750	3	-	-	SYM
ftr-323	750	4	3(c)(1	3(c)(1	NUM
ftr-323	750	5	)	)	PUNCT
ftr-323	750	6	.	.	PUNCT
ftr-323	751	1	132	132	NUM
ftr-323	751	2	.	.	X
ftr-323	751	3	see	see	VERB
ftr-323	751	4	i.r.c	i.r.c	NOUN
ftr-323	751	5	.	.	PUNCT
ftr-323	752	1	§	§	PROPN
ftr-323	752	2	§	§	PROPN
ftr-323	752	3	861(a)(6	861(a)(6	NUM
ftr-323	752	4	)	)	PUNCT
ftr-323	752	5	,	,	PUNCT
ftr-323	752	6	862(a)(6	862(a)(6	NUM
ftr-323	752	7	)	)	PUNCT
ftr-323	752	8	,	,	PUNCT
ftr-323	752	9	863(b	863(b	PROPN
ftr-323	752	10	)	)	PUNCT
ftr-323	752	11	,	,	PUNCT
ftr-323	752	12	865(b	865(b	PROPN
ftr-323	752	13	)	)	PUNCT
ftr-323	752	14	;	;	PUNCT
ftr-323	752	15	reg	reg	NOUN
ftr-323	752	16	.	.	PUNCT
ftr-323	753	1	§	§	PROPN
ftr-323	753	2	§	§	PROPN
ftr-323	753	3	1.8633(c)(2	1.8633(c)(2	NUM
ftr-323	753	4	)	)	PUNCT
ftr-323	753	5	,	,	PUNCT
ftr-323	753	6	1.861	1.861	NUM
ftr-323	753	7	-	-	PUNCT
ftr-323	753	8	7(c	7(c	NUM
ftr-323	753	9	)	)	PUNCT
ftr-323	753	10	.	.	PUNCT
ftr-323	754	1	133	133	NUM
ftr-323	754	2	.	.	PUNCT
ftr-323	754	3	see	see	VERB
ftr-323	754	4	reg	reg	NOUN
ftr-323	754	5	.	.	PUNCT
ftr-323	755	1	§	§	PROPN
ftr-323	755	2	1.863	1.863	NUM
ftr-323	755	3	-	-	PUNCT
ftr-323	755	4	3(b)(1	3(b)(1	NUM
ftr-323	755	5	)	)	PUNCT
ftr-323	755	6	.	.	PUNCT
ftr-323	756	1	under	under	ADP
ftr-323	756	2	a	a	DET
ftr-323	756	3	second	second	ADJ
ftr-323	756	4	alternative	alternative	NOUN
ftr-323	756	5	,	,	PUNCT
ftr-323	756	6	a	a	DET
ftr-323	756	7	taxpayer	taxpayer	NOUN
ftr-323	756	8	may	may	AUX
ftr-323	756	9	elect	elect	VERB
ftr-323	756	10	to	to	PART
ftr-323	756	11	determine	determine	VERB
ftr-323	756	12	the	the	DET
ftr-323	756	13	amount	amount	NOUN
ftr-323	756	14	of	of	ADP
ftr-323	756	15	production	production	NOUN
ftr-323	756	16	income	income	NOUN
ftr-323	756	17	by	by	ADP
ftr-323	756	18	using	use	VERB
ftr-323	756	19	the	the	DET
ftr-323	756	20	so	so	ADV
ftr-323	756	21	-	-	PUNCT
ftr-323	756	22	called	call	VERB
ftr-323	756	23	“	"	PUNCT
ftr-323	756	24	independent	independent	ADJ
ftr-323	756	25	factory	factory	NOUN
ftr-323	756	26	or	or	CCONJ
ftr-323	756	27	production	production	NOUN
ftr-323	756	28	price	price	NOUN
ftr-323	756	29	”	"	PUNCT
ftr-323	756	30	if	if	SCONJ
ftr-323	756	31	the	the	DET
ftr-323	756	32	taxpayer	taxpayer	NOUN
ftr-323	756	33	can	can	AUX
ftr-323	756	34	establish	establish	VERB
ftr-323	756	35	that	that	SCONJ
ftr-323	756	36	such	such	DET
ftr-323	756	37	an	an	DET
ftr-323	756	38	independent	independent	ADJ
ftr-323	756	39	factory	factory	NOUN
ftr-323	756	40	or	or	CCONJ
ftr-323	756	41	production	production	NOUN
ftr-323	756	42	price	price	NOUN
ftr-323	756	43	exists	exist	VERB
ftr-323	756	44	.	.	PUNCT
ftr-323	757	1	see	see	VERB
ftr-323	757	2	reg	reg	NOUN
ftr-323	757	3	.	.	PUNCT
ftr-323	758	1	§	§	PROPN
ftr-323	758	2	1.863	1.863	NUM
ftr-323	758	3	-	-	SYM
ftr-323	758	4	3(b)(2	3(b)(2	NUM
ftr-323	758	5	)	)	PUNCT
ftr-323	758	6	.	.	PUNCT
ftr-323	759	1	under	under	ADP
ftr-323	759	2	a	a	DET
ftr-323	759	3	third	third	ADJ
ftr-323	759	4	,	,	PUNCT
ftr-323	759	5	rarely	rarely	ADV
ftr-323	759	6	used	use	VERB
ftr-323	759	7	alternative	alternative	NOUN
ftr-323	759	8	,	,	PUNCT
ftr-323	759	9	a	a	DET
ftr-323	759	10	taxpayer	taxpayer	NOUN
ftr-323	759	11	may	may	AUX
ftr-323	759	12	allocate	allocate	VERB
ftr-323	759	13	the	the	DET
ftr-323	759	14	income	income	NOUN
ftr-323	759	15	from	from	ADP
ftr-323	759	16	export	export	NOUN
ftr-323	759	17	sales	sale	NOUN
ftr-323	759	18	between	between	ADP
ftr-323	759	19	the	the	DET
ftr-323	759	20	production	production	NOUN
ftr-323	759	21	and	and	CCONJ
ftr-323	759	22	sales	sale	NOUN
ftr-323	759	23	function	function	NOUN
ftr-323	759	24	based	base	VERB
ftr-323	759	25	on	on	ADP
ftr-323	759	26	the	the	DET
ftr-323	759	27	taxpayer	taxpayer	NOUN
ftr-323	759	28	’s	’s	PART
ftr-323	759	29	books	book	NOUN
ftr-323	759	30	of	of	ADP
ftr-323	759	31	account	account	NOUN
ftr-323	759	32	,	,	PUNCT
ftr-323	759	33	but	but	CCONJ
ftr-323	759	34	only	only	ADV
ftr-323	759	35	if	if	SCONJ
ftr-323	759	36	the	the	DET
ftr-323	759	37	taxpayer	taxpayer	NOUN
ftr-323	759	38	has	have	AUX
ftr-323	759	39	received	receive	VERB
ftr-323	759	40	the	the	DET
ftr-323	759	41	irs	irs	PROPN
ftr-323	759	42	district	district	NOUN
ftr-323	759	43	director	director	NOUN
ftr-323	759	44	’s	’s	PART
ftr-323	759	45	advance	advance	NOUN
ftr-323	759	46	permission	permission	NOUN
ftr-323	759	47	and	and	CCONJ
ftr-323	759	48	if	if	SCONJ
ftr-323	759	49	certain	certain	ADJ
ftr-323	759	50	other	other	ADJ
ftr-323	759	51	requirements	requirement	NOUN
ftr-323	759	52	in	in	ADP
ftr-323	759	53	the	the	DET
ftr-323	759	54	regulations	regulation	NOUN
ftr-323	759	55	are	be	AUX
ftr-323	759	56	met	meet	VERB
ftr-323	759	57	.	.	PUNCT
ftr-323	760	1	see	see	VERB
ftr-323	760	2	reg	reg	NOUN
ftr-323	760	3	.	.	PUNCT
ftr-323	761	1	§	§	PROPN
ftr-323	761	2	1.863	1.863	NUM
ftr-323	761	3	-	-	SYM
ftr-323	761	4	3(b)(3	3(b)(3	NUM
ftr-323	761	5	)	)	PUNCT
ftr-323	761	6	.	.	PUNCT
ftr-323	762	1	134	134	NUM
ftr-323	762	2	.	.	PUNCT
ftr-323	763	1	see	see	VERB
ftr-323	763	2	u.s	u.s	PROPN
ftr-323	763	3	.	.	PROPN
ftr-323	763	4	dep’t	dep’t	NOUN
ftr-323	763	5	of	of	ADP
ftr-323	763	6	the	the	DET
ftr-323	763	7	treas	treas	PROPN
ftr-323	763	8	.	.	PROPN
ftr-323	764	1	,	,	PUNCT
ftr-323	764	2	the	the	DET
ftr-323	764	3	deferral	deferral	NOUN
ftr-323	764	4	of	of	ADP
ftr-323	764	5	income	income	NOUN
ftr-323	764	6	earned	earn	VERB
ftr-323	764	7	through	through	ADP
ftr-323	764	8	u.s	u.s	PROPN
ftr-323	764	9	.	.	PROPN
ftr-323	764	10	controlled	control	VERB
ftr-323	764	11	foreign	foreign	ADJ
ftr-323	764	12	corporations	corporation	NOUN
ftr-323	764	13	22	22	NUM
ftr-323	764	14	(	(	PUNCT
ftr-323	764	15	2000	2000	NUM
ftr-323	764	16	)	)	PUNCT
ftr-323	764	17	;	;	PUNCT
ftr-323	764	18	u.s	u.s	PROPN
ftr-323	764	19	.	.	PROPN
ftr-323	764	20	treas	treas	PROPN
ftr-323	764	21	.	.	PUNCT
ftr-323	765	1	dep’t	dep’t	PROPN
ftr-323	765	2	,	,	PUNCT
ftr-323	765	3	interim	interim	PROPN
ftr-323	765	4	rep	rep	PROPN
ftr-323	765	5	.	.	PROPN
ftr-323	765	6	,	,	PUNCT
ftr-323	765	7	supra	supra	PROPN
ftr-323	765	8	note	note	VERB
ftr-323	765	9	50	50	NUM
ftr-323	765	10	,	,	PUNCT
ftr-323	765	11	at	at	ADP
ftr-323	765	12	31	31	NUM
ftr-323	765	13	,	,	PUNCT
ftr-323	765	14	32	32	NUM
ftr-323	765	15	(	(	PUNCT
ftr-323	765	16	concluding	conclude	VERB
ftr-323	765	17	that	that	SCONJ
ftr-323	765	18	the	the	DET
ftr-323	765	19	export	export	NOUN
ftr-323	765	20	sales	sale	NOUN
ftr-323	765	21	source	source	NOUN
ftr-323	765	22	rule	rule	NOUN
ftr-323	765	23	of	of	ADP
ftr-323	765	24	current	current	ADJ
ftr-323	765	25	law	law	NOUN
ftr-323	765	26	“	"	PUNCT
ftr-323	765	27	can	can	AUX
ftr-323	765	28	reach	reach	VERB
ftr-323	765	29	results	result	NOUN
ftr-323	765	30	that	that	PRON
ftr-323	765	31	depart	depart	VERB
ftr-323	765	32	significantly	significantly	ADV
ftr-323	765	33	from	from	ADP
ftr-323	765	34	the	the	DET
ftr-323	765	35	‘	'	PUNCT
ftr-323	765	36	economic	economic	ADJ
ftr-323	765	37	nexus	nexus	NOUN
ftr-323	765	38	’	'	PUNCT
ftr-323	765	39	principle	principle	NOUN
ftr-323	765	40	”	"	PUNCT
ftr-323	765	41	)	)	PUNCT
ftr-323	765	42	;	;	PUNCT
ftr-323	765	43	1	1	NUM
ftr-323	765	44	isenbergh	isenbergh	NOUN
ftr-323	765	45	,	,	PUNCT
ftr-323	765	46	international	international	ADJ
ftr-323	765	47	taxation	taxation	NOUN
ftr-323	765	48	,	,	PUNCT
ftr-323	765	49	supra	supra	PROPN
ftr-323	765	50	note	note	NOUN
ftr-323	765	51	64	64	NUM
ftr-323	765	52	,	,	PUNCT
ftr-323	765	53	at	at	ADP
ftr-323	765	54	¶	¶	PROPN
ftr-323	765	55	19:29	19:29	NUM
ftr-323	765	56	.	.	PUNCT
ftr-323	766	1	135	135	NUM
ftr-323	766	2	.	.	SYM
ftr-323	766	3	2	2	NUM
ftr-323	766	4	u.s	u.s	PROPN
ftr-323	766	5	.	.	PROPN
ftr-323	766	6	dep’t	dep’t	NOUN
ftr-323	766	7	of	of	ADP
ftr-323	766	8	the	the	DET
ftr-323	766	9	treas	treas	PROPN
ftr-323	766	10	.	.	PUNCT
ftr-323	766	11	,	,	PUNCT
ftr-323	766	12	tax	tax	NOUN
ftr-323	766	13	reform	reform	NOUN
ftr-323	766	14	for	for	ADP
ftr-323	766	15	fairness	fairness	NOUN
ftr-323	766	16	,	,	PUNCT
ftr-323	766	17	simplicity	simplicity	NOUN
ftr-323	766	18	,	,	PUNCT
ftr-323	766	19	and	and	CCONJ
ftr-323	766	20	economic	economic	ADJ
ftr-323	766	21	growth	growth	NOUN
ftr-323	766	22	365–67	365–67	NUM
ftr-323	766	23	(	(	PUNCT
ftr-323	766	24	1984	1984	NUM
ftr-323	766	25	)	)	PUNCT
ftr-323	767	1	[	[	X
ftr-323	767	2	hereinafter	hereinafter	NOUN
ftr-323	767	3	u.s	u.s	PROPN
ftr-323	767	4	.	.	PROPN
ftr-323	767	5	treas	treas	PROPN
ftr-323	767	6	.	.	PUNCT
ftr-323	767	7	dep’t	dep’t	PROPN
ftr-323	767	8	,	,	PUNCT
ftr-323	767	9	tax	tax	NOUN
ftr-323	767	10	2012	2012	NUM
ftr-323	767	11	]	]	PUNCT
ftr-323	767	12	exemption	exemption	NOUN
ftr-323	767	13	when	when	SCONJ
ftr-323	767	14	the	the	DET
ftr-323	767	15	treasury	treasury	NOUN
ftr-323	767	16	is	be	AUX
ftr-323	767	17	empty	empty	ADJ
ftr-323	767	18	437	437	NUM
ftr-323	767	19	consequently	consequently	ADV
ftr-323	767	20	,	,	PUNCT
ftr-323	767	21	a	a	DET
ftr-323	767	22	u.s	u.s	PROPN
ftr-323	767	23	.	.	PROPN
ftr-323	767	24	taxpayer	taxpayer	PROPN
ftr-323	767	25	/	/	SYM
ftr-323	767	26	manufacturer	manufacturer	NOUN
ftr-323	767	27	can	can	AUX
ftr-323	767	28	treat	treat	VERB
ftr-323	767	29	50	50	NUM
ftr-323	767	30	percent	percent	NOUN
ftr-323	767	31	of	of	ADP
ftr-323	767	32	its	its	PRON
ftr-323	767	33	income	income	NOUN
ftr-323	767	34	from	from	ADP
ftr-323	767	35	the	the	DET
ftr-323	767	36	export	export	NOUN
ftr-323	767	37	sale	sale	NOUN
ftr-323	767	38	of	of	ADP
ftr-323	767	39	inventory	inventory	NOUN
ftr-323	767	40	manufactured	manufacture	VERB
ftr-323	767	41	entirely	entirely	ADV
ftr-323	767	42	within	within	ADP
ftr-323	767	43	the	the	DET
ftr-323	767	44	united	united	PROPN
ftr-323	767	45	states	states	PROPN
ftr-323	767	46	as	as	ADP
ftr-323	767	47	foreign	foreign	ADJ
ftr-323	767	48	-	-	PUNCT
ftr-323	767	49	source	source	NOUN
ftr-323	767	50	income	income	NOUN
ftr-323	767	51	even	even	ADV
ftr-323	767	52	if	if	SCONJ
ftr-323	767	53	the	the	DET
ftr-323	767	54	u.s	u.s	PROPN
ftr-323	767	55	.	.	PROPN
ftr-323	767	56	manufacturer	manufacturer	NOUN
ftr-323	767	57	makes	make	VERB
ftr-323	767	58	the	the	DET
ftr-323	767	59	sale	sale	NOUN
ftr-323	767	60	entirely	entirely	ADV
ftr-323	767	61	from	from	ADP
ftr-323	767	62	a	a	DET
ftr-323	767	63	u.s	u.s	PROPN
ftr-323	767	64	.	.	PROPN
ftr-323	767	65	office	office	NOUN
ftr-323	767	66	and	and	CCONJ
ftr-323	767	67	even	even	ADV
ftr-323	767	68	though	though	SCONJ
ftr-323	767	69	no	no	DET
ftr-323	767	70	foreign	foreign	ADJ
ftr-323	767	71	country	country	NOUN
ftr-323	767	72	is	be	AUX
ftr-323	767	73	likely	likely	ADJ
ftr-323	767	74	to	to	PART
ftr-323	767	75	impose	impose	VERB
ftr-323	767	76	any	any	DET
ftr-323	767	77	tax	tax	NOUN
ftr-323	767	78	on	on	ADP
ftr-323	767	79	the	the	DET
ftr-323	767	80	sales	sale	NOUN
ftr-323	767	81	income	income	NOUN
ftr-323	767	82	because	because	SCONJ
ftr-323	767	83	the	the	DET
ftr-323	767	84	u.s	u.s	PROPN
ftr-323	767	85	.	.	PROPN
ftr-323	767	86	exporter	exporter	PROPN
ftr-323	767	87	does	do	AUX
ftr-323	767	88	not	not	PART
ftr-323	767	89	maintain	maintain	VERB
ftr-323	767	90	a	a	DET
ftr-323	767	91	foreign	foreign	ADJ
ftr-323	767	92	sales	sale	NOUN
ftr-323	767	93	office.136	office.136	ADJ
ftr-323	767	94	in	in	ADP
ftr-323	767	95	fact	fact	NOUN
ftr-323	767	96	,	,	PUNCT
ftr-323	767	97	a	a	DET
ftr-323	767	98	u.s	u.s	PROPN
ftr-323	767	99	.	.	PROPN
ftr-323	767	100	manufacturer	manufacturer	PROPN
ftr-323	767	101	’s	’s	PART
ftr-323	767	102	income	income	NOUN
ftr-323	767	103	from	from	ADP
ftr-323	767	104	export	export	NOUN
ftr-323	767	105	sales	sale	NOUN
ftr-323	767	106	of	of	ADP
ftr-323	767	107	inventory	inventory	NOUN
ftr-323	767	108	usually	usually	ADV
ftr-323	767	109	bears	bear	VERB
ftr-323	767	110	little	little	ADJ
ftr-323	767	111	or	or	CCONJ
ftr-323	767	112	no	no	DET
ftr-323	767	113	foreign	foreign	ADJ
ftr-323	767	114	income	income	NOUN
ftr-323	767	115	tax,137	tax,137	NOUN
ftr-323	767	116	unless	unless	SCONJ
ftr-323	767	117	the	the	DET
ftr-323	767	118	u.s	u.s	PROPN
ftr-323	767	119	.	.	PROPN
ftr-323	767	120	manufacturer	manufacturer	PROPN
ftr-323	767	121	/	/	SYM
ftr-323	767	122	exporter	exporter	NOUN
ftr-323	767	123	has	have	VERB
ftr-323	767	124	a	a	DET
ftr-323	767	125	sales	sale	NOUN
ftr-323	767	126	office	office	NOUN
ftr-323	767	127	or	or	CCONJ
ftr-323	767	128	other	other	ADJ
ftr-323	767	129	fixed	fix	VERB
ftr-323	767	130	place	place	NOUN
ftr-323	767	131	of	of	ADP
ftr-323	767	132	business	business	NOUN
ftr-323	767	133	or	or	CCONJ
ftr-323	767	134	sales	sale	NOUN
ftr-323	767	135	employees	employee	NOUN
ftr-323	767	136	in	in	ADP
ftr-323	767	137	the	the	DET
ftr-323	767	138	foreign	foreign	ADJ
ftr-323	767	139	country	country	NOUN
ftr-323	767	140	of	of	ADP
ftr-323	767	141	sale.138	sale.138	PROPN
ftr-323	767	142	this	this	PRON
ftr-323	767	143	means	mean	VERB
ftr-323	767	144	that	that	SCONJ
ftr-323	767	145	if	if	SCONJ
ftr-323	767	146	a	a	DET
ftr-323	767	147	u.s	u.s	PROPN
ftr-323	767	148	.	.	PROPN
ftr-323	767	149	inventory	inventory	NOUN
ftr-323	767	150	manufacturer	manufacturer	NOUN
ftr-323	767	151	sells	sell	VERB
ftr-323	767	152	to	to	ADP
ftr-323	767	153	a	a	DET
ftr-323	767	154	foreign	foreign	ADJ
ftr-323	767	155	customer	customer	NOUN
ftr-323	767	156	and	and	CCONJ
ftr-323	767	157	passes	pass	VERB
ftr-323	767	158	title	title	NOUN
ftr-323	767	159	to	to	ADP
ftr-323	767	160	the	the	DET
ftr-323	767	161	goods	good	NOUN
ftr-323	767	162	abroad	abroad	ADV
ftr-323	767	163	,	,	PUNCT
ftr-323	767	164	the	the	DET
ftr-323	767	165	result	result	NOUN
ftr-323	767	166	is	be	AUX
ftr-323	767	167	zero	zero	NUM
ftr-323	767	168	-	-	PUNCT
ftr-323	767	169	foreign	foreign	ADJ
ftr-323	767	170	-	-	PUNCT
ftr-323	767	171	taxed	tax	VERB
ftr-323	767	172	income	income	NOUN
ftr-323	767	173	,	,	PUNCT
ftr-323	767	174	half	half	NOUN
ftr-323	767	175	of	of	ADP
ftr-323	767	176	which	which	PRON
ftr-323	767	177	is	be	AUX
ftr-323	767	178	characterized	characterize	VERB
ftr-323	767	179	as	as	ADP
ftr-323	767	180	foreign	foreign	ADJ
ftr-323	767	181	-	-	PUNCT
ftr-323	767	182	source	source	NOUN
ftr-323	767	183	sales	sale	NOUN
ftr-323	767	184	income	income	NOUN
ftr-323	767	185	for	for	ADP
ftr-323	767	186	u.s	u.s	PROPN
ftr-323	767	187	.	.	PROPN
ftr-323	767	188	foreign	foreign	ADJ
ftr-323	767	189	tax	tax	NOUN
ftr-323	767	190	credit	credit	NOUN
ftr-323	767	191	purposes.139	purposes.139	NOUN
ftr-323	767	192	as	as	SCONJ
ftr-323	767	193	noted	note	VERB
ftr-323	767	194	above	above	ADV
ftr-323	767	195	,	,	PUNCT
ftr-323	767	196	this	this	DET
ftr-323	767	197	result	result	NOUN
ftr-323	767	198	often	often	ADV
ftr-323	767	199	occurs	occur	VERB
ftr-323	767	200	even	even	ADV
ftr-323	767	201	though	though	SCONJ
ftr-323	767	202	most	most	ADJ
ftr-323	767	203	,	,	PUNCT
ftr-323	767	204	if	if	SCONJ
ftr-323	767	205	not	not	PART
ftr-323	767	206	all	all	PRON
ftr-323	767	207	,	,	PUNCT
ftr-323	767	208	of	of	ADP
ftr-323	767	209	the	the	DET
ftr-323	767	210	income	income	NOUN
ftr-323	767	211	producing	produce	VERB
ftr-323	767	212	activity	activity	NOUN
ftr-323	767	213	occurred	occur	VERB
ftr-323	767	214	in	in	ADP
ftr-323	767	215	the	the	DET
ftr-323	767	216	united	united	PROPN
ftr-323	767	217	states	states	PROPN
ftr-323	767	218	.	.	PUNCT
ftr-323	768	1	the	the	DET
ftr-323	768	2	zero	zero	NUM
ftr-323	768	3	-	-	PUNCT
ftr-323	768	4	foreign	foreign	ADJ
ftr-323	768	5	-	-	PUNCT
ftr-323	768	6	taxed	tax	VERB
ftr-323	768	7	income	income	NOUN
ftr-323	768	8	result	result	NOUN
ftr-323	768	9	explained	explain	VERB
ftr-323	768	10	in	in	ADP
ftr-323	768	11	the	the	DET
ftr-323	768	12	preceding	precede	VERB
ftr-323	768	13	paragraph	paragraph	NOUN
ftr-323	768	14	is	be	AUX
ftr-323	768	15	important	important	ADJ
ftr-323	768	16	because	because	SCONJ
ftr-323	768	17	of	of	ADP
ftr-323	768	18	cross	cross	ADJ
ftr-323	768	19	-	-	ADJ
ftr-323	768	20	crediting	crediting	ADJ
ftr-323	768	21	.	.	PUNCT
ftr-323	769	1	to	to	PART
ftr-323	769	2	be	be	AUX
ftr-323	769	3	specific	specific	ADJ
ftr-323	769	4	,	,	PUNCT
ftr-323	769	5	a	a	DET
ftr-323	769	6	u.s	u.s	PROPN
ftr-323	769	7	.	.	PROPN
ftr-323	769	8	manufacturer	manufacturer	PROPN
ftr-323	769	9	/	/	SYM
ftr-323	769	10	exporter	exporter	NOUN
ftr-323	769	11	that	that	PRON
ftr-323	769	12	has	have	AUX
ftr-323	769	13	incurred	incur	VERB
ftr-323	769	14	foreign	foreign	ADJ
ftr-323	769	15	income	income	NOUN
ftr-323	769	16	tax	tax	NOUN
ftr-323	769	17	in	in	ADP
ftr-323	769	18	excess	excess	NOUN
ftr-323	769	19	of	of	ADP
ftr-323	769	20	the	the	DET
ftr-323	769	21	reform	reform	NOUN
ftr-323	769	22	]	]	X
ftr-323	769	23	;	;	PUNCT
ftr-323	769	24	u.s	u.s	PROPN
ftr-323	769	25	.	.	PROPN
ftr-323	769	26	dep’t	dep’t	NOUN
ftr-323	769	27	of	of	ADP
ftr-323	769	28	the	the	DET
ftr-323	769	29	treas	trea	NOUN
ftr-323	769	30	.	.	PUNCT
ftr-323	770	1	,	,	PUNCT
ftr-323	770	2	the	the	DET
ftr-323	770	3	president	president	NOUN
ftr-323	770	4	’s	’s	PART
ftr-323	770	5	tax	tax	NOUN
ftr-323	770	6	proposals	proposal	NOUN
ftr-323	770	7	to	to	ADP
ftr-323	770	8	the	the	DET
ftr-323	770	9	congress	congress	PROPN
ftr-323	770	10	for	for	ADP
ftr-323	770	11	fairness	fairness	NOUN
ftr-323	770	12	,	,	PUNCT
ftr-323	770	13	growth	growth	NOUN
ftr-323	770	14	,	,	PUNCT
ftr-323	770	15	and	and	CCONJ
ftr-323	770	16	simplicity	simplicity	NOUN
ftr-323	770	17	399	399	NUM
ftr-323	770	18	(	(	PUNCT
ftr-323	770	19	1985	1985	NUM
ftr-323	770	20	)	)	PUNCT
ftr-323	771	1	[	[	X
ftr-323	771	2	hereinafter	hereinafter	NOUN
ftr-323	771	3	u.s	u.s	PROPN
ftr-323	771	4	.	.	PROPN
ftr-323	771	5	treas	treas	PROPN
ftr-323	771	6	.	.	PUNCT
ftr-323	771	7	dep’t	dep’t	PROPN
ftr-323	771	8	,	,	PUNCT
ftr-323	771	9	president	president	PROPN
ftr-323	771	10	’s	’s	PART
ftr-323	771	11	1985	1985	NUM
ftr-323	771	12	tax	tax	NOUN
ftr-323	771	13	proposals	proposal	NOUN
ftr-323	771	14	]	]	PUNCT
ftr-323	771	15	.	.	PUNCT
ftr-323	772	1	136	136	NUM
ftr-323	772	2	.	.	PUNCT
ftr-323	773	1	see	see	VERB
ftr-323	773	2	reg	reg	NOUN
ftr-323	773	3	.	.	PUNCT
ftr-323	774	1	§	§	PROPN
ftr-323	774	2	1.863	1.863	NUM
ftr-323	774	3	-	-	PUNCT
ftr-323	774	4	3(b)(1	3(b)(1	NUM
ftr-323	774	5	)	)	PUNCT
ftr-323	774	6	;	;	PUNCT
ftr-323	774	7	u.s	u.s	PROPN
ftr-323	774	8	.	.	PROPN
ftr-323	774	9	treas	treas	PROPN
ftr-323	774	10	.	.	PUNCT
ftr-323	775	1	dep’t	dep’t	PROPN
ftr-323	775	2	,	,	PUNCT
ftr-323	775	3	interim	interim	PROPN
ftr-323	775	4	rep	rep	PROPN
ftr-323	775	5	.	.	PROPN
ftr-323	775	6	,	,	PUNCT
ftr-323	775	7	supra	supra	PROPN
ftr-323	775	8	note	note	VERB
ftr-323	775	9	50	50	NUM
ftr-323	775	10	at	at	ADP
ftr-323	775	11	32	32	NUM
ftr-323	775	12	;	;	PUNCT
ftr-323	775	13	ali	ali	PROPN
ftr-323	775	14	,	,	PUNCT
ftr-323	775	15	international	international	ADJ
ftr-323	775	16	proposals	proposal	NOUN
ftr-323	775	17	,	,	PUNCT
ftr-323	775	18	supra	supra	PROPN
ftr-323	775	19	note	note	NOUN
ftr-323	775	20	57	57	NUM
ftr-323	775	21	,	,	PUNCT
ftr-323	775	22	at	at	ADP
ftr-323	775	23	32	32	NUM
ftr-323	775	24	;	;	PUNCT
ftr-323	775	25	lokken	lokken	VERB
ftr-323	775	26	,	,	PUNCT
ftr-323	775	27	territorial	territorial	ADJ
ftr-323	775	28	taxation	taxation	NOUN
ftr-323	775	29	,	,	PUNCT
ftr-323	775	30	supra	supra	PROPN
ftr-323	775	31	note	note	PROPN
ftr-323	775	32	114	114	NUM
ftr-323	775	33	,	,	PUNCT
ftr-323	775	34	at	at	ADP
ftr-323	775	35	768–69	768–69	NUM
ftr-323	775	36	.	.	PUNCT
ftr-323	776	1	137	137	NUM
ftr-323	776	2	.	.	PUNCT
ftr-323	777	1	most	most	ADJ
ftr-323	777	2	foreign	foreign	ADJ
ftr-323	777	3	countries	country	NOUN
ftr-323	777	4	would	would	AUX
ftr-323	777	5	not	not	PART
ftr-323	777	6	tax	tax	VERB
ftr-323	777	7	income	income	NOUN
ftr-323	777	8	from	from	ADP
ftr-323	777	9	the	the	DET
ftr-323	777	10	sale	sale	NOUN
ftr-323	777	11	of	of	ADP
ftr-323	777	12	inventory	inventory	NOUN
ftr-323	777	13	property	property	NOUN
ftr-323	777	14	merely	merely	ADV
ftr-323	777	15	because	because	SCONJ
ftr-323	777	16	title	title	NOUN
ftr-323	777	17	to	to	ADP
ftr-323	777	18	the	the	DET
ftr-323	777	19	inventory	inventory	NOUN
ftr-323	777	20	property	property	NOUN
ftr-323	777	21	sold	sell	VERB
ftr-323	777	22	passes	pass	NOUN
ftr-323	777	23	within	within	ADP
ftr-323	777	24	the	the	DET
ftr-323	777	25	country	country	NOUN
ftr-323	777	26	.	.	PUNCT
ftr-323	778	1	u.s	u.s	PROPN
ftr-323	778	2	.	.	PROPN
ftr-323	778	3	treas	treas	PROPN
ftr-323	778	4	.	.	PUNCT
ftr-323	779	1	dep’t	dep’t	PROPN
ftr-323	779	2	,	,	PUNCT
ftr-323	779	3	president	president	PROPN
ftr-323	779	4	’s	’s	PART
ftr-323	779	5	1985	1985	NUM
ftr-323	779	6	tax	tax	NOUN
ftr-323	779	7	proposals	proposal	NOUN
ftr-323	779	8	,	,	PUNCT
ftr-323	779	9	supra	supra	PROPN
ftr-323	779	10	note	note	NOUN
ftr-323	779	11	135	135	NUM
ftr-323	779	12	,	,	PUNCT
ftr-323	779	13	at	at	ADP
ftr-323	779	14	399	399	NUM
ftr-323	779	15	;	;	PUNCT
ftr-323	779	16	u.s	u.s	PROPN
ftr-323	779	17	.	.	PROPN
ftr-323	779	18	treas	treas	PROPN
ftr-323	779	19	.	.	PUNCT
ftr-323	780	1	dep’t	dep’t	PROPN
ftr-323	780	2	,	,	PUNCT
ftr-323	780	3	interim	interim	PROPN
ftr-323	780	4	rep	rep	PROPN
ftr-323	780	5	.	.	PROPN
ftr-323	780	6	,	,	PUNCT
ftr-323	780	7	supra	supra	PROPN
ftr-323	780	8	note	note	VERB
ftr-323	780	9	50	50	NUM
ftr-323	780	10	,	,	PUNCT
ftr-323	780	11	at	at	ADP
ftr-323	780	12	32	32	NUM
ftr-323	780	13	;	;	PUNCT
ftr-323	780	14	ali	ali	PROPN
ftr-323	780	15	,	,	PUNCT
ftr-323	780	16	international	international	ADJ
ftr-323	780	17	proposals	proposal	NOUN
ftr-323	780	18	,	,	PUNCT
ftr-323	780	19	supra	supra	PROPN
ftr-323	780	20	note	note	NOUN
ftr-323	780	21	57	57	NUM
ftr-323	780	22	,	,	PUNCT
ftr-323	780	23	at	at	ADP
ftr-323	780	24	354	354	NUM
ftr-323	780	25	.	.	PUNCT
ftr-323	781	1	thus	thus	ADV
ftr-323	781	2	,	,	PUNCT
ftr-323	781	3	under	under	ADP
ftr-323	781	4	current	current	ADJ
ftr-323	781	5	law	law	NOUN
ftr-323	781	6	,	,	PUNCT
ftr-323	781	7	the	the	DET
ftr-323	781	8	title	title	NOUN
ftr-323	781	9	passage	passage	NOUN
ftr-323	781	10	test	test	NOUN
ftr-323	781	11	for	for	ADP
ftr-323	781	12	determining	determine	VERB
ftr-323	781	13	the	the	DET
ftr-323	781	14	source	source	NOUN
ftr-323	781	15	of	of	ADP
ftr-323	781	16	the	the	DET
ftr-323	781	17	sales	sale	NOUN
ftr-323	781	18	portion	portion	NOUN
ftr-323	781	19	of	of	ADP
ftr-323	781	20	the	the	DET
ftr-323	781	21	income	income	NOUN
ftr-323	781	22	from	from	ADP
ftr-323	781	23	the	the	DET
ftr-323	781	24	export	export	NOUN
ftr-323	781	25	sale	sale	NOUN
ftr-323	781	26	effectively	effectively	ADV
ftr-323	781	27	facilitates	facilitate	VERB
ftr-323	781	28	a	a	DET
ftr-323	781	29	u.s	u.s	PROPN
ftr-323	781	30	.	.	PROPN
ftr-323	781	31	taxpayer	taxpayer	NOUN
ftr-323	781	32	artificially	artificially	ADV
ftr-323	781	33	creating	create	VERB
ftr-323	781	34	zero	zero	NUM
ftr-323	781	35	-	-	PUNCT
ftr-323	781	36	taxed	tax	VERB
ftr-323	781	37	foreign	foreign	ADJ
ftr-323	781	38	-	-	PUNCT
ftr-323	781	39	source	source	NOUN
ftr-323	781	40	sales	sale	NOUN
ftr-323	781	41	income	income	NOUN
ftr-323	781	42	to	to	PART
ftr-323	781	43	expand	expand	VERB
ftr-323	781	44	the	the	DET
ftr-323	781	45	taxpayer	taxpayer	NOUN
ftr-323	781	46	’s	’s	PART
ftr-323	781	47	foreign	foreign	ADJ
ftr-323	781	48	tax	tax	NOUN
ftr-323	781	49	credit	credit	NOUN
ftr-323	781	50	limitation	limitation	NOUN
ftr-323	781	51	and	and	CCONJ
ftr-323	781	52	increase	increase	VERB
ftr-323	781	53	the	the	DET
ftr-323	781	54	opportunities	opportunity	NOUN
ftr-323	781	55	for	for	ADP
ftr-323	781	56	cross	cross	ADJ
ftr-323	781	57	-	-	ADJ
ftr-323	781	58	crediting	crediting	ADJ
ftr-323	781	59	.	.	PUNCT
ftr-323	782	1	see	see	VERB
ftr-323	782	2	u.s	u.s	PROPN
ftr-323	782	3	.	.	PROPN
ftr-323	782	4	treas	treas	PROPN
ftr-323	782	5	.	.	PUNCT
ftr-323	783	1	dep’t	dep’t	PROPN
ftr-323	783	2	,	,	PUNCT
ftr-323	783	3	tax	tax	NOUN
ftr-323	783	4	reform	reform	NOUN
ftr-323	783	5	,	,	PUNCT
ftr-323	783	6	supra	supra	PROPN
ftr-323	783	7	note	note	PROPN
ftr-323	783	8	135	135	NUM
ftr-323	783	9	,	,	PUNCT
ftr-323	783	10	at	at	ADP
ftr-323	783	11	365	365	NUM
ftr-323	783	12	;	;	PUNCT
ftr-323	783	13	u.s	u.s	PROPN
ftr-323	783	14	.	.	PROPN
ftr-323	783	15	treas	treas	PROPN
ftr-323	783	16	.	.	PUNCT
ftr-323	784	1	dep’t	dep’t	PROPN
ftr-323	784	2	,	,	PUNCT
ftr-323	784	3	president	president	PROPN
ftr-323	784	4	’s	’s	PART
ftr-323	784	5	1985	1985	NUM
ftr-323	784	6	tax	tax	NOUN
ftr-323	784	7	proposals	proposal	NOUN
ftr-323	784	8	,	,	PUNCT
ftr-323	784	9	supra	supra	PROPN
ftr-323	784	10	note	note	NOUN
ftr-323	784	11	135	135	NUM
ftr-323	784	12	,	,	PUNCT
ftr-323	784	13	at	at	ADP
ftr-323	784	14	350–51	350–51	NUM
ftr-323	784	15	,	,	PUNCT
ftr-323	784	16	399–400	399–400	NUM
ftr-323	784	17	;	;	PUNCT
ftr-323	784	18	ali	ali	PROPN
ftr-323	784	19	,	,	PUNCT
ftr-323	784	20	international	international	ADJ
ftr-323	784	21	proposals	proposal	NOUN
ftr-323	784	22	,	,	PUNCT
ftr-323	784	23	supra	supra	PROPN
ftr-323	784	24	note	note	NOUN
ftr-323	784	25	57	57	NUM
ftr-323	784	26	,	,	PUNCT
ftr-323	784	27	at	at	ADP
ftr-323	784	28	354	354	NUM
ftr-323	784	29	.	.	PUNCT
ftr-323	785	1	this	this	PRON
ftr-323	785	2	enhances	enhance	VERB
ftr-323	785	3	the	the	DET
ftr-323	785	4	opportunities	opportunity	NOUN
ftr-323	785	5	for	for	SCONJ
ftr-323	785	6	a	a	DET
ftr-323	785	7	taxpayer	taxpayer	NOUN
ftr-323	785	8	to	to	PART
ftr-323	785	9	achieve	achieve	VERB
ftr-323	785	10	tax	tax	NOUN
ftr-323	785	11	results	result	NOUN
ftr-323	785	12	that	that	PRON
ftr-323	785	13	are	be	AUX
ftr-323	785	14	more	more	ADV
ftr-323	785	15	harmful	harmful	ADJ
ftr-323	785	16	to	to	ADP
ftr-323	785	17	the	the	DET
ftr-323	785	18	u.s	u.s	PROPN
ftr-323	785	19	.	.	PROPN
ftr-323	785	20	fisc	fisc	PROPN
ftr-323	785	21	than	than	ADP
ftr-323	785	22	those	those	PRON
ftr-323	785	23	that	that	PRON
ftr-323	785	24	would	would	AUX
ftr-323	785	25	obtain	obtain	VERB
ftr-323	785	26	under	under	ADP
ftr-323	785	27	a	a	DET
ftr-323	785	28	properly	properly	ADV
ftr-323	785	29	designed	design	VERB
ftr-323	785	30	exemption	exemption	NOUN
ftr-323	785	31	system	system	NOUN
ftr-323	785	32	.	.	PUNCT
ftr-323	786	1	cf	cf	NOUN
ftr-323	786	2	.	.	PUNCT
ftr-323	787	1	fleming	fleming	PROPN
ftr-323	787	2	,	,	PUNCT
ftr-323	787	3	peroni	peroni	PROPN
ftr-323	787	4	&	&	CCONJ
ftr-323	787	5	shay	shay	PROPN
ftr-323	787	6	,	,	PUNCT
ftr-323	787	7	worse	bad	ADJ
ftr-323	787	8	than	than	ADP
ftr-323	787	9	exemption	exemption	NOUN
ftr-323	787	10	,	,	PUNCT
ftr-323	787	11	supra	supra	PROPN
ftr-323	787	12	note	note	NOUN
ftr-323	787	13	4	4	NUM
ftr-323	787	14	,	,	PUNCT
ftr-323	787	15	at	at	ADP
ftr-323	787	16	139	139	NUM
ftr-323	787	17	;	;	PUNCT
ftr-323	787	18	shay	shay	PROPN
ftr-323	787	19	;	;	PUNCT
ftr-323	787	20	fleming	fleming	PROPN
ftr-323	787	21	&	&	CCONJ
ftr-323	787	22	peroni	peroni	PROPN
ftr-323	787	23	,	,	PUNCT
ftr-323	787	24	source	source	NOUN
ftr-323	787	25	rules	rule	NOUN
ftr-323	787	26	,	,	PUNCT
ftr-323	787	27	supra	supra	PROPN
ftr-323	787	28	note	note	NOUN
ftr-323	787	29	8	8	NUM
ftr-323	787	30	,	,	PUNCT
ftr-323	787	31	at	at	ADP
ftr-323	787	32	153	153	NUM
ftr-323	787	33	.	.	PUNCT
ftr-323	787	34	138	138	NUM
ftr-323	787	35	.	.	PUNCT
ftr-323	788	1	see	see	VERB
ftr-323	788	2	,	,	PUNCT
ftr-323	788	3	e.g.	e.g.	ADV
ftr-323	788	4	,	,	PUNCT
ftr-323	788	5	u.s	u.s	PROPN
ftr-323	788	6	.	.	PROPN
ftr-323	788	7	dep’t	dep’t	NOUN
ftr-323	788	8	of	of	ADP
ftr-323	788	9	the	the	DET
ftr-323	788	10	treas	treas	PROPN
ftr-323	788	11	.	.	PUNCT
ftr-323	788	12	,	,	PUNCT
ftr-323	788	13	report	report	VERB
ftr-323	788	14	to	to	ADP
ftr-323	788	15	the	the	DET
ftr-323	788	16	congress	congress	PROPN
ftr-323	788	17	on	on	ADP
ftr-323	788	18	the	the	DET
ftr-323	788	19	sales	sale	NOUN
ftr-323	788	20	source	source	NOUN
ftr-323	788	21	rules	rule	VERB
ftr-323	788	22	1	1	NUM
ftr-323	788	23	(	(	PUNCT
ftr-323	788	24	1993	1993	NUM
ftr-323	788	25	)	)	PUNCT
ftr-323	788	26	;	;	PUNCT
ftr-323	788	27	see	see	VERB
ftr-323	788	28	also	also	ADV
ftr-323	788	29	,	,	PUNCT
ftr-323	788	30	e.g.	e.g.	ADV
ftr-323	788	31	,	,	PUNCT
ftr-323	788	32	u.s	u.s	PROPN
ftr-323	788	33	.	.	PROPN
ftr-323	788	34	treas	treas	PROPN
ftr-323	788	35	.	.	PUNCT
ftr-323	789	1	dep’t	dep’t	PROPN
ftr-323	789	2	,	,	PUNCT
ftr-323	789	3	tax	tax	NOUN
ftr-323	789	4	reform	reform	NOUN
ftr-323	789	5	,	,	PUNCT
ftr-323	789	6	supra	supra	PROPN
ftr-323	789	7	note	note	PROPN
ftr-323	789	8	135	135	NUM
ftr-323	789	9	,	,	PUNCT
ftr-323	789	10	at	at	ADP
ftr-323	789	11	365–67	365–67	NUM
ftr-323	789	12	;	;	PUNCT
ftr-323	789	13	u.s	u.s	PROPN
ftr-323	789	14	.	.	PROPN
ftr-323	789	15	treas	treas	PROPN
ftr-323	789	16	.	.	PUNCT
ftr-323	790	1	dep’t	dep’t	PROPN
ftr-323	790	2	,	,	PUNCT
ftr-323	790	3	president	president	PROPN
ftr-323	790	4	’s	’s	PART
ftr-323	790	5	1985	1985	NUM
ftr-323	790	6	tax	tax	NOUN
ftr-323	790	7	proposals	proposal	NOUN
ftr-323	790	8	,	,	PUNCT
ftr-323	790	9	supra	supra	PROPN
ftr-323	790	10	note	note	NOUN
ftr-323	790	11	135	135	NUM
ftr-323	790	12	,	,	PUNCT
ftr-323	790	13	at	at	ADP
ftr-323	790	14	399	399	NUM
ftr-323	790	15	.	.	PUNCT
ftr-323	791	1	139	139	NUM
ftr-323	791	2	.	.	PUNCT
ftr-323	792	1	see	see	VERB
ftr-323	792	2	,	,	PUNCT
ftr-323	792	3	e.g.	e.g.	ADV
ftr-323	792	4	,	,	PUNCT
ftr-323	792	5	donald	donald	PROPN
ftr-323	792	6	j.	j.	PROPN
ftr-323	792	7	rousslang	rousslang	PROPN
ftr-323	792	8	,	,	PUNCT
ftr-323	792	9	the	the	DET
ftr-323	792	10	sales	sale	NOUN
ftr-323	792	11	source	source	NOUN
ftr-323	792	12	rules	rule	NOUN
ftr-323	792	13	for	for	ADP
ftr-323	792	14	u.s	u.s	PROPN
ftr-323	792	15	.	.	PROPN
ftr-323	792	16	exports	export	NOUN
ftr-323	792	17	:	:	PUNCT
ftr-323	792	18	how	how	SCONJ
ftr-323	792	19	much	much	ADJ
ftr-323	792	20	do	do	AUX
ftr-323	792	21	they	they	PRON
ftr-323	792	22	cost	cost	VERB
ftr-323	792	23	?	?	PUNCT
ftr-323	792	24	,	,	PUNCT
ftr-323	792	25	62	62	NUM
ftr-323	792	26	tax	tax	NOUN
ftr-323	792	27	notes	note	NOUN
ftr-323	792	28	1047	1047	NUM
ftr-323	792	29	(	(	PUNCT
ftr-323	792	30	feb	feb	PROPN
ftr-323	792	31	.	.	PROPN
ftr-323	792	32	21	21	NUM
ftr-323	792	33	,	,	PUNCT
ftr-323	792	34	1994	1994	NUM
ftr-323	792	35	)	)	PUNCT
ftr-323	792	36	.	.	PUNCT
ftr-323	793	1	438	438	NUM
ftr-323	793	2	florida	florida	PROPN
ftr-323	793	3	tax	tax	NOUN
ftr-323	793	4	review	review	NOUN
ftr-323	793	5	[	[	X
ftr-323	793	6	vol	vol	NOUN
ftr-323	793	7	.	.	PUNCT
ftr-323	794	1	13:8	13:8	NUM
ftr-323	794	2	u.s	u.s	PROPN
ftr-323	794	3	.	.	PROPN
ftr-323	794	4	tax	tax	NOUN
ftr-323	794	5	on	on	ADP
ftr-323	794	6	other	other	ADJ
ftr-323	794	7	active	active	ADJ
ftr-323	794	8	foreign	foreign	ADJ
ftr-323	794	9	business	business	NOUN
ftr-323	794	10	income	income	NOUN
ftr-323	794	11	,	,	PUNCT
ftr-323	794	12	such	such	ADJ
ftr-323	794	13	as	as	ADP
ftr-323	794	14	income	income	NOUN
ftr-323	794	15	from	from	ADP
ftr-323	794	16	services	service	NOUN
ftr-323	794	17	performed	perform	VERB
ftr-323	794	18	abroad	abroad	ADV
ftr-323	794	19	,	,	PUNCT
ftr-323	794	20	can	can	AUX
ftr-323	794	21	use	use	VERB
ftr-323	794	22	the	the	DET
ftr-323	794	23	excess	excess	ADJ
ftr-323	794	24	credits	credit	NOUN
ftr-323	794	25	to	to	PART
ftr-323	794	26	absorb	absorb	VERB
ftr-323	794	27	the	the	DET
ftr-323	794	28	u.s	u.s	PROPN
ftr-323	794	29	.	.	PROPN
ftr-323	794	30	tax	tax	NOUN
ftr-323	794	31	otherwise	otherwise	ADV
ftr-323	794	32	payable	payable	ADJ
ftr-323	794	33	on	on	ADP
ftr-323	794	34	the	the	DET
ftr-323	794	35	low	low	ADJ
ftr-323	794	36	-	-	PUNCT
ftr-323	794	37	foreign	foreign	ADJ
ftr-323	794	38	-	-	PUNCT
ftr-323	794	39	taxed	tax	VERB
ftr-323	794	40	export	export	NOUN
ftr-323	794	41	sales	sale	NOUN
ftr-323	794	42	income	income	NOUN
ftr-323	794	43	that	that	PRON
ftr-323	794	44	was	be	AUX
ftr-323	794	45	artificially	artificially	ADV
ftr-323	794	46	characterized	characterize	VERB
ftr-323	794	47	as	as	ADP
ftr-323	794	48	foreign	foreign	ADJ
ftr-323	794	49	-	-	PUNCT
ftr-323	794	50	source	source	NOUN
ftr-323	794	51	by	by	ADP
ftr-323	794	52	the	the	DET
ftr-323	794	53	export	export	NOUN
ftr-323	794	54	sales	sale	NOUN
ftr-323	794	55	source	source	NOUN
ftr-323	794	56	rule.140	rule.140	ADV
ftr-323	794	57	the	the	DET
ftr-323	794	58	result	result	NOUN
ftr-323	794	59	under	under	ADP
ftr-323	794	60	the	the	DET
ftr-323	794	61	present	present	ADJ
ftr-323	794	62	u.s	u.s	PROPN
ftr-323	794	63	.	.	PROPN
ftr-323	794	64	regime	regime	NOUN
ftr-323	794	65	is	be	AUX
ftr-323	794	66	a	a	DET
ftr-323	794	67	zero	zero	NUM
ftr-323	794	68	u.s	u.s	PROPN
ftr-323	794	69	.	.	PROPN
ftr-323	794	70	tax	tax	NOUN
ftr-323	794	71	on	on	ADP
ftr-323	794	72	foreign	foreign	ADJ
ftr-323	794	73	-	-	PUNCT
ftr-323	794	74	source	source	NOUN
ftr-323	794	75	export	export	NOUN
ftr-323	794	76	sales	sale	NOUN
ftr-323	794	77	income	income	NOUN
ftr-323	794	78	that	that	PRON
ftr-323	794	79	bears	bear	VERB
ftr-323	794	80	little	little	ADJ
ftr-323	794	81	or	or	CCONJ
ftr-323	794	82	no	no	PRON
ftr-323	794	83	foreign	foreign	ADJ
ftr-323	794	84	tax.141	tax.141	NOUN
ftr-323	794	85	under	under	ADP
ftr-323	794	86	a	a	DET
ftr-323	794	87	properly	properly	ADV
ftr-323	794	88	designed	design	VERB
ftr-323	794	89	exemption	exemption	NOUN
ftr-323	794	90	system	system	NOUN
ftr-323	794	91	,	,	PUNCT
ftr-323	794	92	a	a	DET
ftr-323	794	93	u.s	u.s	PROPN
ftr-323	794	94	.	.	PROPN
ftr-323	794	95	manufacturer	manufacturer	PROPN
ftr-323	794	96	’s	’s	PART
ftr-323	794	97	income	income	NOUN
ftr-323	794	98	from	from	ADP
ftr-323	794	99	low	low	ADJ
ftr-323	794	100	or	or	CCONJ
ftr-323	794	101	zero	zero	NUM
ftr-323	794	102	foreign	foreign	ADJ
ftr-323	794	103	taxed	tax	VERB
ftr-323	794	104	export	export	NOUN
ftr-323	794	105	sales	sale	NOUN
ftr-323	794	106	would	would	AUX
ftr-323	794	107	not	not	PART
ftr-323	794	108	qualify	qualify	VERB
ftr-323	794	109	for	for	ADP
ftr-323	794	110	exemption	exemption	NOUN
ftr-323	794	111	because	because	SCONJ
ftr-323	794	112	it	it	PRON
ftr-323	794	113	would	would	AUX
ftr-323	794	114	not	not	PART
ftr-323	794	115	suffer	suffer	VERB
ftr-323	794	116	any	any	DET
ftr-323	794	117	meaningful	meaningful	ADJ
ftr-323	794	118	double	double	ADJ
ftr-323	794	119	taxation.142	taxation.142	NOUN
ftr-323	794	120	thus	thus	ADV
ftr-323	794	121	,	,	PUNCT
ftr-323	794	122	such	such	ADJ
ftr-323	794	123	income	income	NOUN
ftr-323	794	124	would	would	AUX
ftr-323	794	125	be	be	AUX
ftr-323	794	126	subject	subject	ADJ
ftr-323	794	127	to	to	ADP
ftr-323	794	128	the	the	DET
ftr-323	794	129	full	full	ADJ
ftr-323	794	130	u.s	u.s	PROPN
ftr-323	794	131	.	.	PROPN
ftr-323	794	132	income	income	NOUN
ftr-323	794	133	tax	tax	NOUN
ftr-323	794	134	.	.	PUNCT
ftr-323	795	1	nevertheless	nevertheless	ADV
ftr-323	795	2	,	,	PUNCT
ftr-323	795	3	the	the	DET
ftr-323	795	4	beneficiaries	beneficiary	NOUN
ftr-323	795	5	of	of	ADP
ftr-323	795	6	the	the	DET
ftr-323	795	7	current	current	ADJ
ftr-323	795	8	export	export	NOUN
ftr-323	795	9	sales	sale	NOUN
ftr-323	795	10	source	source	NOUN
ftr-323	795	11	rule	rule	NOUN
ftr-323	795	12	can	can	AUX
ftr-323	795	13	be	be	AUX
ftr-323	795	14	expected	expect	VERB
ftr-323	795	15	to	to	PART
ftr-323	795	16	press	press	VERB
ftr-323	795	17	for	for	ADP
ftr-323	795	18	its	its	PRON
ftr-323	795	19	inclusion	inclusion	NOUN
ftr-323	795	20	in	in	ADP
ftr-323	795	21	a	a	DET
ftr-323	795	22	u.s	u.s	PROPN
ftr-323	795	23	.	.	PROPN
ftr-323	795	24	exemption	exemption	NOUN
ftr-323	795	25	system	system	NOUN
ftr-323	795	26	because	because	SCONJ
ftr-323	795	27	benefits	benefit	NOUN
ftr-323	795	28	once	once	ADV
ftr-323	795	29	enjoyed	enjoy	VERB
ftr-323	795	30	are	be	AUX
ftr-323	795	31	hard	hard	ADJ
ftr-323	795	32	to	to	PART
ftr-323	795	33	surrender	surrender	VERB
ftr-323	795	34	.	.	PUNCT
ftr-323	796	1	this	this	DET
ftr-323	796	2	pressure	pressure	NOUN
ftr-323	796	3	should	should	AUX
ftr-323	796	4	be	be	AUX
ftr-323	796	5	resisted.143	resisted.143	NOUN
ftr-323	796	6	conferring	confer	VERB
ftr-323	796	7	a	a	DET
ftr-323	796	8	zero	zero	NUM
ftr-323	796	9	tax	tax	NOUN
ftr-323	796	10	rate	rate	NOUN
ftr-323	796	11	on	on	ADP
ftr-323	796	12	export	export	NOUN
ftr-323	796	13	sales	sale	NOUN
ftr-323	796	14	income	income	NOUN
ftr-323	796	15	that	that	PRON
ftr-323	796	16	bears	bear	VERB
ftr-323	796	17	little	little	ADJ
ftr-323	796	18	or	or	CCONJ
ftr-323	796	19	no	no	DET
ftr-323	796	20	foreign	foreign	ADJ
ftr-323	796	21	tax	tax	NOUN
ftr-323	796	22	would	would	AUX
ftr-323	796	23	both	both	PRON
ftr-323	796	24	lack	lack	VERB
ftr-323	796	25	any	any	DET
ftr-323	796	26	equitable	equitable	ADJ
ftr-323	796	27	basis	basis	NOUN
ftr-323	796	28	and	and	CCONJ
ftr-323	796	29	exceed	exceed	VERB
ftr-323	796	30	the	the	DET
ftr-323	796	31	double	double	ADJ
ftr-323	796	32	tax	tax	NOUN
ftr-323	796	33	relief	relief	NOUN
ftr-323	796	34	purpose	purpose	NOUN
ftr-323	796	35	of	of	ADP
ftr-323	796	36	an	an	DET
ftr-323	796	37	exemption	exemption	NOUN
ftr-323	796	38	system	system	NOUN
ftr-323	796	39	,	,	PUNCT
ftr-323	796	40	and	and	CCONJ
ftr-323	796	41	,	,	PUNCT
ftr-323	796	42	therefore	therefore	ADV
ftr-323	796	43	,	,	PUNCT
ftr-323	796	44	would	would	AUX
ftr-323	796	45	amount	amount	VERB
ftr-323	796	46	to	to	ADP
ftr-323	796	47	a	a	DET
ftr-323	796	48	tax	tax	NOUN
ftr-323	796	49	expenditure	expenditure	NOUN
ftr-323	796	50	subsidy	subsidy	NOUN
ftr-323	796	51	for	for	ADP
ftr-323	796	52	manufacturer	manufacturer	NOUN
ftr-323	796	53	/	/	SYM
ftr-323	796	54	exporters	exporter	NOUN
ftr-323	796	55	that	that	PRON
ftr-323	796	56	would	would	AUX
ftr-323	796	57	be	be	AUX
ftr-323	796	58	unlikely	unlikely	ADJ
ftr-323	796	59	to	to	PART
ftr-323	796	60	satisfy	satisfy	VERB
ftr-323	796	61	an	an	DET
ftr-323	796	62	appropriately	appropriately	ADV
ftr-323	796	63	rigorous	rigorous	ADJ
ftr-323	796	64	cost	cost	NOUN
ftr-323	796	65	/	/	SYM
ftr-323	796	66	benefit	benefit	NOUN
ftr-323	796	67	analysis	analysis	NOUN
ftr-323	796	68	.	.	PUNCT
ftr-323	797	1	this	this	DET
ftr-323	797	2	point	point	NOUN
ftr-323	797	3	will	will	AUX
ftr-323	797	4	be	be	AUX
ftr-323	797	5	discussed	discuss	VERB
ftr-323	797	6	further	far	ADV
ftr-323	797	7	in	in	ADP
ftr-323	797	8	part	part	NOUN
ftr-323	797	9	viii.a	viii.a	PROPN
ftr-323	797	10	.	.	PROPN
ftr-323	798	1	140	140	NUM
ftr-323	798	2	.	.	PUNCT
ftr-323	799	1	see	see	VERB
ftr-323	799	2	u.s	u.s	PROPN
ftr-323	799	3	.	.	PROPN
ftr-323	799	4	treas	treas	PROPN
ftr-323	799	5	.	.	PUNCT
ftr-323	800	1	dep’t	dep’t	PROPN
ftr-323	800	2	,	,	PUNCT
ftr-323	800	3	interim	interim	PROPN
ftr-323	800	4	rep	rep	PROPN
ftr-323	800	5	.	.	PROPN
ftr-323	800	6	,	,	PUNCT
ftr-323	800	7	supra	supra	PROPN
ftr-323	800	8	note	note	VERB
ftr-323	800	9	50	50	NUM
ftr-323	800	10	,	,	PUNCT
ftr-323	800	11	at	at	ADP
ftr-323	800	12	32	32	NUM
ftr-323	800	13	;	;	PUNCT
ftr-323	800	14	fleming	fleming	NOUN
ftr-323	800	15	,	,	PUNCT
ftr-323	800	16	peroni	peroni	PROPN
ftr-323	800	17	&	&	CCONJ
ftr-323	800	18	shay	shay	PROPN
ftr-323	800	19	,	,	PUNCT
ftr-323	800	20	worse	bad	ADJ
ftr-323	800	21	than	than	ADP
ftr-323	800	22	exemption	exemption	NOUN
ftr-323	800	23	,	,	PUNCT
ftr-323	800	24	supra	supra	PROPN
ftr-323	800	25	note	note	NOUN
ftr-323	800	26	4	4	NUM
ftr-323	800	27	,	,	PUNCT
ftr-323	800	28	at	at	ADP
ftr-323	800	29	139–40	139–40	NUM
ftr-323	800	30	;	;	PUNCT
ftr-323	800	31	peroni	peroni	PROPN
ftr-323	800	32	,	,	PUNCT
ftr-323	800	33	back	back	ADV
ftr-323	800	34	to	to	ADP
ftr-323	800	35	the	the	DET
ftr-323	800	36	future	future	NOUN
ftr-323	800	37	,	,	PUNCT
ftr-323	800	38	supra	supra	PROPN
ftr-323	800	39	note	note	NOUN
ftr-323	800	40	3	3	NUM
ftr-323	800	41	,	,	PUNCT
ftr-323	800	42	at	at	ADP
ftr-323	800	43	1007	1007	NUM
ftr-323	800	44	;	;	PUNCT
ftr-323	800	45	see	see	VERB
ftr-323	800	46	also	also	ADV
ftr-323	800	47	u.s	u.s	PROPN
ftr-323	800	48	.	.	PROPN
ftr-323	800	49	dep’t	dep’t	NOUN
ftr-323	800	50	of	of	ADP
ftr-323	800	51	the	the	DET
ftr-323	800	52	treas	treas	PROPN
ftr-323	800	53	.	.	PUNCT
ftr-323	800	54	,	,	PUNCT
ftr-323	800	55	background	background	NOUN
ftr-323	800	56	paper	paper	NOUN
ftr-323	800	57	,	,	PUNCT
ftr-323	800	58	treasury	treasury	PROPN
ftr-323	800	59	conference	conference	NOUN
ftr-323	800	60	on	on	ADP
ftr-323	800	61	business	business	NOUN
ftr-323	800	62	taxation	taxation	NOUN
ftr-323	800	63	and	and	CCONJ
ftr-323	800	64	global	global	ADJ
ftr-323	800	65	competitiveness	competitiveness	NOUN
ftr-323	800	66	48	48	NUM
ftr-323	800	67	(	(	PUNCT
ftr-323	800	68	2007	2007	NUM
ftr-323	800	69	)	)	PUNCT
ftr-323	800	70	.	.	PUNCT
ftr-323	801	1	the	the	DET
ftr-323	801	2	joint	joint	PROPN
ftr-323	801	3	committee	committee	NOUN
ftr-323	801	4	staff	staff	NOUN
ftr-323	801	5	’s	’s	PART
ftr-323	801	6	estimate	estimate	NOUN
ftr-323	801	7	of	of	ADP
ftr-323	801	8	the	the	DET
ftr-323	801	9	cost	cost	NOUN
ftr-323	801	10	of	of	ADP
ftr-323	801	11	the	the	DET
ftr-323	801	12	export	export	NOUN
ftr-323	801	13	sales	sale	NOUN
ftr-323	801	14	source	source	NOUN
ftr-323	801	15	rule	rule	NOUN
ftr-323	801	16	for	for	ADP
ftr-323	801	17	2011–2015	2011–2015	NUM
ftr-323	801	18	is	be	AUX
ftr-323	801	19	$	$	SYM
ftr-323	801	20	31	31	NUM
ftr-323	801	21	billion	billion	NUM
ftr-323	801	22	.	.	PUNCT
ftr-323	802	1	see	see	VERB
ftr-323	802	2	staff	staff	NOUN
ftr-323	802	3	of	of	ADP
ftr-323	802	4	joint	joint	ADJ
ftr-323	802	5	comm	comm	NOUN
ftr-323	802	6	.	.	PUNCT
ftr-323	803	1	,	,	PUNCT
ftr-323	803	2	estimates	estimate	NOUN
ftr-323	803	3	,	,	PUNCT
ftr-323	803	4	supra	supra	PROPN
ftr-323	803	5	note	note	PROPN
ftr-323	803	6	38	38	NUM
ftr-323	803	7	,	,	PUNCT
ftr-323	803	8	at	at	ADP
ftr-323	803	9	32	32	NUM
ftr-323	803	10	.	.	PUNCT
ftr-323	803	11	141	141	NUM
ftr-323	803	12	.	.	PUNCT
ftr-323	804	1	see	see	VERB
ftr-323	804	2	,	,	PUNCT
ftr-323	804	3	e.g.	e.g.	ADV
ftr-323	804	4	,	,	PUNCT
ftr-323	804	5	aba	aba	PROPN
ftr-323	804	6	tax’n	tax’n	NUM
ftr-323	804	7	sec	sec	PROPN
ftr-323	804	8	.	.	PROPN
ftr-323	804	9	,	,	PUNCT
ftr-323	804	10	task	task	PROPN
ftr-323	804	11	force	force	PROPN
ftr-323	804	12	rep	rep	PROPN
ftr-323	804	13	.	.	PROPN
ftr-323	804	14	,	,	PUNCT
ftr-323	804	15	supra	supra	PROPN
ftr-323	804	16	note	note	VERB
ftr-323	804	17	50	50	NUM
ftr-323	804	18	,	,	PUNCT
ftr-323	804	19	at	at	ADP
ftr-323	804	20	703–05	703–05	NUM
ftr-323	804	21	;	;	PUNCT
ftr-323	804	22	fleming	fleming	NOUN
ftr-323	804	23	,	,	PUNCT
ftr-323	804	24	peroni	peroni	PROPN
ftr-323	804	25	&	&	CCONJ
ftr-323	804	26	shay	shay	PROPN
ftr-323	804	27	,	,	PUNCT
ftr-323	804	28	worse	bad	ADJ
ftr-323	804	29	than	than	ADP
ftr-323	804	30	exemption	exemption	NOUN
ftr-323	804	31	,	,	PUNCT
ftr-323	804	32	supra	supra	PROPN
ftr-323	804	33	note	note	NOUN
ftr-323	804	34	4	4	NUM
ftr-323	804	35	,	,	PUNCT
ftr-323	804	36	at	at	ADP
ftr-323	804	37	139	139	NUM
ftr-323	804	38	;	;	PUNCT
ftr-323	804	39	charles	charles	PROPN
ftr-323	804	40	i.	i.	PROPN
ftr-323	804	41	kingson	kingson	PROPN
ftr-323	804	42	,	,	PUNCT
ftr-323	804	43	the	the	DET
ftr-323	804	44	foreign	foreign	ADJ
ftr-323	804	45	tax	tax	NOUN
ftr-323	804	46	credit	credit	NOUN
ftr-323	804	47	and	and	CCONJ
ftr-323	804	48	its	its	PRON
ftr-323	804	49	critics	critic	NOUN
ftr-323	804	50	,	,	PUNCT
ftr-323	804	51	9	9	NUM
ftr-323	804	52	am	am	NOUN
ftr-323	804	53	.	.	PUNCT
ftr-323	805	1	j.	j.	PROPN
ftr-323	805	2	tax	tax	PROPN
ftr-323	805	3	pol’y	pol’y	NOUN
ftr-323	805	4	1	1	NUM
ftr-323	805	5	,	,	PUNCT
ftr-323	805	6	20–22	20–22	NUM
ftr-323	805	7	(	(	PUNCT
ftr-323	805	8	1991	1991	NUM
ftr-323	805	9	)	)	PUNCT
ftr-323	805	10	;	;	PUNCT
ftr-323	805	11	robert	robert	PROPN
ftr-323	805	12	j.	j.	PROPN
ftr-323	805	13	peroni	peroni	PROPN
ftr-323	805	14	,	,	PUNCT
ftr-323	805	15	j.	j.	PROPN
ftr-323	805	16	clifton	clifton	PROPN
ftr-323	805	17	fleming	fleming	PROPN
ftr-323	805	18	,	,	PUNCT
ftr-323	805	19	jr	jr	PROPN
ftr-323	805	20	.	.	PROPN
ftr-323	805	21	&	&	CCONJ
ftr-323	805	22	stephen	stephen	PROPN
ftr-323	805	23	e.	e.	PROPN
ftr-323	805	24	shay	shay	PROPN
ftr-323	805	25	,	,	PUNCT
ftr-323	805	26	reform	reform	NOUN
ftr-323	805	27	and	and	CCONJ
ftr-323	805	28	simplification	simplification	NOUN
ftr-323	805	29	of	of	ADP
ftr-323	805	30	the	the	DET
ftr-323	805	31	u.s	u.s	PROPN
ftr-323	805	32	.	.	PROPN
ftr-323	805	33	foreign	foreign	ADJ
ftr-323	805	34	tax	tax	NOUN
ftr-323	805	35	credit	credit	NOUN
ftr-323	805	36	rules	rule	NOUN
ftr-323	805	37	,	,	PUNCT
ftr-323	805	38	101	101	NUM
ftr-323	805	39	tax	tax	NOUN
ftr-323	805	40	notes	note	NOUN
ftr-323	805	41	103	103	NUM
ftr-323	805	42	,	,	PUNCT
ftr-323	805	43	118	118	NUM
ftr-323	805	44	(	(	PUNCT
ftr-323	805	45	oct	oct	PROPN
ftr-323	805	46	.	.	PROPN
ftr-323	805	47	6	6	NUM
ftr-323	805	48	,	,	PUNCT
ftr-323	805	49	2003	2003	NUM
ftr-323	805	50	)	)	PUNCT
ftr-323	805	51	.	.	PUNCT
ftr-323	806	1	142	142	NUM
ftr-323	806	2	.	.	PUNCT
ftr-323	807	1	see	see	VERB
ftr-323	807	2	graetz	graetz	PROPN
ftr-323	807	3	&	&	CCONJ
ftr-323	807	4	oosterhuis	oosterhuis	PROPN
ftr-323	807	5	,	,	PUNCT
ftr-323	807	6	structuring	structure	VERB
ftr-323	807	7	an	an	DET
ftr-323	807	8	exemption	exemption	NOUN
ftr-323	807	9	system	system	NOUN
ftr-323	807	10	,	,	PUNCT
ftr-323	807	11	supra	supra	PROPN
ftr-323	807	12	note	note	NOUN
ftr-323	807	13	50	50	NUM
ftr-323	807	14	,	,	PUNCT
ftr-323	807	15	at	at	ADP
ftr-323	807	16	776	776	NUM
ftr-323	807	17	(	(	PUNCT
ftr-323	807	18	concluding	conclude	VERB
ftr-323	807	19	that	that	SCONJ
ftr-323	807	20	“	"	PUNCT
ftr-323	807	21	income	income	NOUN
ftr-323	807	22	from	from	ADP
ftr-323	807	23	export	export	NOUN
ftr-323	807	24	sales	sale	NOUN
ftr-323	807	25	not	not	PART
ftr-323	807	26	attributable	attributable	ADJ
ftr-323	807	27	to	to	ADP
ftr-323	807	28	an	an	DET
ftr-323	807	29	active	active	ADJ
ftr-323	807	30	foreign	foreign	ADJ
ftr-323	807	31	business	business	NOUN
ftr-323	807	32	”	"	PUNCT
ftr-323	807	33	should	should	AUX
ftr-323	807	34	not	not	PART
ftr-323	807	35	qualify	qualify	VERB
ftr-323	807	36	for	for	ADP
ftr-323	807	37	exemption	exemption	NOUN
ftr-323	807	38	under	under	ADP
ftr-323	807	39	a	a	DET
ftr-323	807	40	properly	properly	ADV
ftr-323	807	41	designed	design	VERB
ftr-323	807	42	exemption	exemption	NOUN
ftr-323	807	43	system	system	NOUN
ftr-323	807	44	)	)	PUNCT
ftr-323	807	45	;	;	PUNCT
ftr-323	807	46	see	see	VERB
ftr-323	807	47	also	also	ADV
ftr-323	807	48	grubert	grubert	PROPN
ftr-323	807	49	&	&	CCONJ
ftr-323	807	50	mutti	mutti	PROPN
ftr-323	807	51	,	,	PUNCT
ftr-323	807	52	taxing	tax	VERB
ftr-323	807	53	international	international	ADJ
ftr-323	807	54	business	business	NOUN
ftr-323	807	55	income	income	NOUN
ftr-323	807	56	,	,	PUNCT
ftr-323	807	57	supra	supra	PROPN
ftr-323	807	58	note	note	NOUN
ftr-323	807	59	115	115	NUM
ftr-323	807	60	,	,	PUNCT
ftr-323	807	61	at	at	ADP
ftr-323	807	62	10	10	NUM
ftr-323	807	63	;	;	PUNCT
ftr-323	807	64	grubert	grubert	NOUN
ftr-323	807	65	,	,	PUNCT
ftr-323	807	66	enacting	enact	VERB
ftr-323	807	67	dividend	dividend	NOUN
ftr-323	807	68	exemption	exemption	NOUN
ftr-323	807	69	,	,	PUNCT
ftr-323	807	70	supra	supra	PROPN
ftr-323	807	71	note	note	NOUN
ftr-323	807	72	40	40	NUM
ftr-323	807	73	,	,	PUNCT
ftr-323	807	74	at	at	ADP
ftr-323	807	75	814	814	NUM
ftr-323	807	76	.	.	PUNCT
ftr-323	808	1	143	143	NUM
ftr-323	808	2	.	.	PUNCT
ftr-323	809	1	it	it	PRON
ftr-323	809	2	is	be	AUX
ftr-323	809	3	noteworthy	noteworthy	ADJ
ftr-323	809	4	that	that	SCONJ
ftr-323	809	5	senator	senator	PROPN
ftr-323	809	6	enzi	enzi	PROPN
ftr-323	809	7	’s	’s	PART
ftr-323	809	8	bill	bill	NOUN
ftr-323	809	9	,	,	PUNCT
ftr-323	809	10	s.	s.	PROPN
ftr-323	809	11	2091	2091	NUM
ftr-323	809	12	,	,	PUNCT
ftr-323	809	13	would	would	AUX
ftr-323	809	14	treat	treat	VERB
ftr-323	809	15	export	export	NOUN
ftr-323	809	16	sales	sale	NOUN
ftr-323	809	17	income	income	NOUN
ftr-323	809	18	as	as	ADP
ftr-323	809	19	u.s.-source	u.s.-source	ADJ
ftr-323	809	20	income	income	NOUN
ftr-323	809	21	for	for	ADP
ftr-323	809	22	purposes	purpose	NOUN
ftr-323	809	23	of	of	ADP
ftr-323	809	24	the	the	DET
ftr-323	809	25	foreign	foreign	ADJ
ftr-323	809	26	tax	tax	NOUN
ftr-323	809	27	credit	credit	NOUN
ftr-323	809	28	limitation	limitation	NOUN
ftr-323	809	29	.	.	PUNCT
ftr-323	810	1	see	see	VERB
ftr-323	810	2	s.	s.	PROPN
ftr-323	810	3	2091	2091	NUM
ftr-323	810	4	,	,	PUNCT
ftr-323	810	5	§	§	PROPN
ftr-323	810	6	213	213	NUM
ftr-323	810	7	,	,	PUNCT
ftr-323	810	8	112th	112th	PROPN
ftr-323	810	9	cong	cong	NOUN
ftr-323	810	10	.	.	PROPN
ftr-323	810	11	,	,	PUNCT
ftr-323	810	12	2d	2d	NUM
ftr-323	810	13	sess	sess	NOUN
ftr-323	810	14	.	.	PUNCT
ftr-323	811	1	§	§	PROPN
ftr-323	811	2	213	213	NUM
ftr-323	811	3	(	(	PUNCT
ftr-323	811	4	feb	feb	X
ftr-323	811	5	.	.	PROPN
ftr-323	811	6	9	9	NUM
ftr-323	811	7	,	,	PUNCT
ftr-323	811	8	2012	2012	NUM
ftr-323	811	9	)	)	PUNCT
ftr-323	811	10	.	.	PUNCT
ftr-323	812	1	2012	2012	NUM
ftr-323	812	2	]	]	PUNCT
ftr-323	812	3	exemption	exemption	NOUN
ftr-323	812	4	when	when	SCONJ
ftr-323	812	5	the	the	DET
ftr-323	812	6	treasury	treasury	NOUN
ftr-323	812	7	is	be	AUX
ftr-323	812	8	empty	empty	ADJ
ftr-323	812	9	439	439	NUM
ftr-323	812	10	4	4	NUM
ftr-323	812	11	.	.	PUNCT
ftr-323	812	12	indifference	indifference	NOUN
ftr-323	812	13	to	to	ADP
ftr-323	812	14	foreign	foreign	ADJ
ftr-323	812	15	taxes	taxis	NOUN
ftr-323	812	16	opponents	opponent	NOUN
ftr-323	812	17	of	of	ADP
ftr-323	812	18	the	the	DET
ftr-323	812	19	positions	position	NOUN
ftr-323	812	20	taken	take	VERB
ftr-323	812	21	in	in	ADP
ftr-323	812	22	this	this	DET
ftr-323	812	23	article	article	NOUN
ftr-323	812	24	will	will	AUX
ftr-323	812	25	likely	likely	ADV
ftr-323	812	26	argue	argue	VERB
ftr-323	812	27	that	that	SCONJ
ftr-323	812	28	if	if	SCONJ
ftr-323	812	29	a	a	DET
ftr-323	812	30	u.s	u.s	PROPN
ftr-323	812	31	.	.	PROPN
ftr-323	812	32	exemption	exemption	NOUN
ftr-323	812	33	system	system	NOUN
ftr-323	812	34	is	be	AUX
ftr-323	812	35	made	make	VERB
ftr-323	812	36	inapplicable	inapplicable	ADJ
ftr-323	812	37	to	to	ADP
ftr-323	812	38	foreign	foreign	ADJ
ftr-323	812	39	-	-	PUNCT
ftr-323	812	40	source	source	NOUN
ftr-323	812	41	income	income	NOUN
ftr-323	812	42	that	that	PRON
ftr-323	812	43	does	do	AUX
ftr-323	812	44	not	not	PART
ftr-323	812	45	bear	bear	VERB
ftr-323	812	46	a	a	DET
ftr-323	812	47	meaningful	meaningful	ADJ
ftr-323	812	48	foreign	foreign	ADJ
ftr-323	812	49	tax	tax	NOUN
ftr-323	812	50	,	,	PUNCT
ftr-323	812	51	u.s	u.s	PROPN
ftr-323	812	52	.	.	PROPN
ftr-323	812	53	multinationals	multinational	NOUN
ftr-323	812	54	will	will	AUX
ftr-323	812	55	lack	lack	VERB
ftr-323	812	56	any	any	DET
ftr-323	812	57	motivation	motivation	NOUN
ftr-323	812	58	to	to	PART
ftr-323	812	59	reduce	reduce	VERB
ftr-323	812	60	their	their	PRON
ftr-323	812	61	foreign	foreign	ADJ
ftr-323	812	62	taxes	taxis	NOUN
ftr-323	812	63	below	below	ADP
ftr-323	812	64	the	the	DET
ftr-323	812	65	“	"	PUNCT
ftr-323	812	66	meaningful	meaningful	ADJ
ftr-323	812	67	”	"	PUNCT
ftr-323	812	68	threshold	threshold	NOUN
ftr-323	812	69	because	because	SCONJ
ftr-323	812	70	doing	do	VERB
ftr-323	812	71	so	so	ADV
ftr-323	812	72	would	would	AUX
ftr-323	812	73	create	create	VERB
ftr-323	812	74	residual	residual	ADJ
ftr-323	812	75	u.s	u.s	PROPN
ftr-323	812	76	.	.	PROPN
ftr-323	812	77	tax	tax	NOUN
ftr-323	812	78	liability.144	liability.144	PROPN
ftr-323	812	79	however	however	ADV
ftr-323	812	80	,	,	PUNCT
ftr-323	812	81	the	the	DET
ftr-323	812	82	most	most	ADV
ftr-323	812	83	egregious	egregious	ADJ
ftr-323	812	84	failures	failure	NOUN
ftr-323	812	85	to	to	PART
ftr-323	812	86	reduce	reduce	VERB
ftr-323	812	87	foreign	foreign	ADJ
ftr-323	812	88	taxes	taxis	NOUN
ftr-323	812	89	could	could	AUX
ftr-323	812	90	be	be	AUX
ftr-323	812	91	limited	limit	VERB
ftr-323	812	92	by	by	ADP
ftr-323	812	93	incorporating	incorporate	VERB
ftr-323	812	94	the	the	DET
ftr-323	812	95	“	"	PUNCT
ftr-323	812	96	compulsory	compulsory	ADJ
ftr-323	812	97	payment	payment	NOUN
ftr-323	812	98	”	"	PUNCT
ftr-323	812	99	requirements	requirement	NOUN
ftr-323	812	100	of	of	ADP
ftr-323	812	101	the	the	DET
ftr-323	812	102	regulations	regulation	NOUN
ftr-323	812	103	for	for	ADP
ftr-323	812	104	creditability	creditability	NOUN
ftr-323	812	105	of	of	ADP
ftr-323	812	106	foreign	foreign	ADJ
ftr-323	812	107	taxes.145	taxes.145	NOUN
ftr-323	812	108	in	in	ADP
ftr-323	812	109	addition	addition	NOUN
ftr-323	812	110	,	,	PUNCT
ftr-323	812	111	taxpayers	taxpayer	NOUN
ftr-323	812	112	will	will	AUX
ftr-323	812	113	wish	wish	VERB
ftr-323	812	114	to	to	PART
ftr-323	812	115	minimize	minimize	VERB
ftr-323	812	116	a	a	DET
ftr-323	812	117	foreign	foreign	ADJ
ftr-323	812	118	tax	tax	NOUN
ftr-323	812	119	below	below	ADP
ftr-323	812	120	the	the	DET
ftr-323	812	121	meaningfulness	meaningfulness	ADJ
ftr-323	812	122	threshold	threshold	NOUN
ftr-323	812	123	if	if	SCONJ
ftr-323	812	124	there	there	PRON
ftr-323	812	125	are	be	VERB
ftr-323	812	126	doubts	doubt	NOUN
ftr-323	812	127	about	about	ADP
ftr-323	812	128	the	the	DET
ftr-323	812	129	creditability	creditability	NOUN
ftr-323	812	130	of	of	ADP
ftr-323	812	131	the	the	DET
ftr-323	812	132	tax	tax	NOUN
ftr-323	812	133	for	for	ADP
ftr-323	812	134	u.s	u.s	PROPN
ftr-323	812	135	.	.	PROPN
ftr-323	812	136	tax	tax	NOUN
ftr-323	812	137	purposes	purpose	NOUN
ftr-323	812	138	.	.	PUNCT
ftr-323	813	1	taxpayers	taxpayer	NOUN
ftr-323	813	2	will	will	AUX
ftr-323	813	3	also	also	ADV
ftr-323	813	4	wish	wish	VERB
ftr-323	813	5	to	to	PART
ftr-323	813	6	minimize	minimize	VERB
ftr-323	813	7	foreign	foreign	ADJ
ftr-323	813	8	taxes	taxis	NOUN
ftr-323	813	9	for	for	ADP
ftr-323	813	10	time	time	NOUN
ftr-323	813	11	value	value	NOUN
ftr-323	813	12	of	of	ADP
ftr-323	813	13	money	money	NOUN
ftr-323	813	14	reasons	reason	NOUN
ftr-323	813	15	if	if	SCONJ
ftr-323	813	16	there	there	PRON
ftr-323	813	17	is	be	VERB
ftr-323	813	18	a	a	DET
ftr-323	813	19	timing	timing	NOUN
ftr-323	813	20	gap	gap	NOUN
ftr-323	813	21	between	between	ADP
ftr-323	813	22	the	the	DET
ftr-323	813	23	time	time	NOUN
ftr-323	813	24	the	the	DET
ftr-323	813	25	foreign	foreign	ADJ
ftr-323	813	26	tax	tax	NOUN
ftr-323	813	27	is	be	AUX
ftr-323	813	28	paid	pay	VERB
ftr-323	813	29	and	and	CCONJ
ftr-323	813	30	the	the	DET
ftr-323	813	31	time	time	NOUN
ftr-323	813	32	it	it	PRON
ftr-323	813	33	is	be	AUX
ftr-323	813	34	accruable	accruable	ADJ
ftr-323	813	35	for	for	ADP
ftr-323	813	36	u.s	u.s	PROPN
ftr-323	813	37	.	.	PROPN
ftr-323	813	38	foreign	foreign	ADJ
ftr-323	813	39	tax	tax	NOUN
ftr-323	813	40	credit	credit	NOUN
ftr-323	813	41	purposes	purpose	NOUN
ftr-323	813	42	.	.	PUNCT
ftr-323	814	1	finally	finally	ADV
ftr-323	814	2	,	,	PUNCT
ftr-323	814	3	in	in	ADP
ftr-323	814	4	many	many	ADJ
ftr-323	814	5	cases	case	NOUN
ftr-323	814	6	,	,	PUNCT
ftr-323	814	7	there	there	PRON
ftr-323	814	8	will	will	AUX
ftr-323	814	9	be	be	AUX
ftr-323	814	10	no	no	DET
ftr-323	814	11	minimization	minimization	NOUN
ftr-323	814	12	opportunities	opportunity	NOUN
ftr-323	814	13	with	with	ADP
ftr-323	814	14	respect	respect	NOUN
ftr-323	814	15	to	to	ADP
ftr-323	814	16	a	a	DET
ftr-323	814	17	foreign	foreign	ADJ
ftr-323	814	18	tax	tax	NOUN
ftr-323	814	19	and	and	CCONJ
ftr-323	814	20	,	,	PUNCT
ftr-323	814	21	with	with	ADP
ftr-323	814	22	tax	tax	NOUN
ftr-323	814	23	havens	haven	NOUN
ftr-323	814	24	,	,	PUNCT
ftr-323	814	25	there	there	PRON
ftr-323	814	26	will	will	AUX
ftr-323	814	27	be	be	AUX
ftr-323	814	28	little	little	ADJ
ftr-323	814	29	or	or	CCONJ
ftr-323	814	30	no	no	DET
ftr-323	814	31	foreign	foreign	ADJ
ftr-323	814	32	tax	tax	NOUN
ftr-323	814	33	to	to	PART
ftr-323	814	34	minimize	minimize	VERB
ftr-323	814	35	.	.	PUNCT
ftr-323	815	1	it	it	PRON
ftr-323	815	2	would	would	AUX
ftr-323	815	3	not	not	PART
ftr-323	815	4	be	be	AUX
ftr-323	815	5	appropriate	appropriate	ADJ
ftr-323	815	6	to	to	PART
ftr-323	815	7	let	let	VERB
ftr-323	815	8	the	the	DET
ftr-323	815	9	income	income	NOUN
ftr-323	815	10	in	in	ADP
ftr-323	815	11	those	those	DET
ftr-323	815	12	cases	case	NOUN
ftr-323	815	13	escape	escape	VERB
ftr-323	815	14	a	a	DET
ftr-323	815	15	u.s	u.s	PROPN
ftr-323	815	16	.	.	PROPN
ftr-323	815	17	residual	residual	ADJ
ftr-323	815	18	tax	tax	NOUN
ftr-323	815	19	because	because	SCONJ
ftr-323	815	20	of	of	ADP
ftr-323	815	21	a	a	DET
ftr-323	815	22	concern	concern	NOUN
ftr-323	815	23	that	that	SCONJ
ftr-323	815	24	u.s	u.s	PROPN
ftr-323	815	25	.	.	PROPN
ftr-323	815	26	residents	resident	NOUN
ftr-323	815	27	will	will	AUX
ftr-323	815	28	not	not	PART
ftr-323	815	29	minimize	minimize	VERB
ftr-323	815	30	foreign	foreign	ADJ
ftr-323	815	31	taxes	taxis	NOUN
ftr-323	815	32	in	in	ADP
ftr-323	815	33	other	other	ADJ
ftr-323	815	34	cases	case	NOUN
ftr-323	815	35	.	.	PUNCT
ftr-323	816	1	d.	d.	PROPN
ftr-323	816	2	gain	gain	NOUN
ftr-323	816	3	(	(	PUNCT
ftr-323	816	4	or	or	CCONJ
ftr-323	816	5	loss	loss	NOUN
ftr-323	816	6	)	)	PUNCT
ftr-323	816	7	from	from	ADP
ftr-323	816	8	the	the	DET
ftr-323	816	9	sale	sale	NOUN
ftr-323	816	10	of	of	ADP
ftr-323	816	11	the	the	DET
ftr-323	816	12	stock	stock	NOUN
ftr-323	816	13	of	of	ADP
ftr-323	816	14	a	a	DET
ftr-323	816	15	cfc	cfc	NOUN
ftr-323	816	16	another	another	DET
ftr-323	816	17	issue	issue	NOUN
ftr-323	816	18	that	that	PRON
ftr-323	816	19	arises	arise	VERB
ftr-323	816	20	regarding	regard	VERB
ftr-323	816	21	the	the	DET
ftr-323	816	22	proper	proper	ADJ
ftr-323	816	23	scope	scope	NOUN
ftr-323	816	24	of	of	ADP
ftr-323	816	25	a	a	DET
ftr-323	816	26	territorial	territorial	ADJ
ftr-323	816	27	system	system	NOUN
ftr-323	816	28	concerns	concern	VERB
ftr-323	816	29	the	the	DET
ftr-323	816	30	proper	proper	ADJ
ftr-323	816	31	treatment	treatment	NOUN
ftr-323	816	32	of	of	ADP
ftr-323	816	33	gain	gain	NOUN
ftr-323	816	34	or	or	CCONJ
ftr-323	816	35	loss	loss	NOUN
ftr-323	816	36	from	from	ADP
ftr-323	816	37	the	the	DET
ftr-323	816	38	sale	sale	NOUN
ftr-323	816	39	of	of	ADP
ftr-323	816	40	the	the	DET
ftr-323	816	41	stock	stock	NOUN
ftr-323	816	42	of	of	ADP
ftr-323	816	43	a	a	DET
ftr-323	816	44	cfc	cfc	NOUN
ftr-323	816	45	under	under	ADP
ftr-323	816	46	such	such	DET
ftr-323	816	47	a	a	DET
ftr-323	816	48	system	system	NOUN
ftr-323	816	49	.	.	PUNCT
ftr-323	817	1	taxation	taxation	NOUN
ftr-323	817	2	of	of	ADP
ftr-323	817	3	100	100	NUM
ftr-323	817	4	percent	percent	NOUN
ftr-323	817	5	of	of	ADP
ftr-323	817	6	the	the	DET
ftr-323	817	7	stock	stock	NOUN
ftr-323	817	8	sale	sale	NOUN
ftr-323	817	9	gains	gain	NOUN
ftr-323	817	10	would	would	AUX
ftr-323	817	11	conflict	conflict	VERB
ftr-323	817	12	with	with	ADP
ftr-323	817	13	the	the	DET
ftr-323	817	14	basic	basic	ADJ
ftr-323	817	15	premise	premise	NOUN
ftr-323	817	16	of	of	ADP
ftr-323	817	17	a	a	DET
ftr-323	817	18	territorial	territorial	ADJ
ftr-323	817	19	system	system	NOUN
ftr-323	817	20	;	;	PUNCT
ftr-323	817	21	accordingly	accordingly	ADV
ftr-323	817	22	,	,	PUNCT
ftr-323	817	23	exemption	exemption	NOUN
ftr-323	817	24	to	to	ADP
ftr-323	817	25	some	some	DET
ftr-323	817	26	extent	extent	NOUN
ftr-323	817	27	is	be	AUX
ftr-323	817	28	appropriate	appropriate	ADJ
ftr-323	817	29	.	.	PUNCT
ftr-323	818	1	there	there	PRON
ftr-323	818	2	are	be	VERB
ftr-323	818	3	several	several	ADJ
ftr-323	818	4	possible	possible	ADJ
ftr-323	818	5	approaches	approach	NOUN
ftr-323	818	6	to	to	ADP
ftr-323	818	7	this	this	DET
ftr-323	818	8	issue	issue	NOUN
ftr-323	818	9	,	,	PUNCT
ftr-323	818	10	all	all	PRON
ftr-323	818	11	of	of	ADP
ftr-323	818	12	which	which	PRON
ftr-323	818	13	have	have	VERB
ftr-323	818	14	some	some	DET
ftr-323	818	15	problems	problem	NOUN
ftr-323	818	16	.	.	PUNCT
ftr-323	819	1	one	one	NUM
ftr-323	819	2	approach	approach	NOUN
ftr-323	819	3	to	to	ADP
ftr-323	819	4	the	the	DET
ftr-323	819	5	treatment	treatment	NOUN
ftr-323	819	6	of	of	ADP
ftr-323	819	7	gains	gain	NOUN
ftr-323	819	8	from	from	ADP
ftr-323	819	9	the	the	DET
ftr-323	819	10	sale	sale	NOUN
ftr-323	819	11	of	of	ADP
ftr-323	819	12	stock	stock	NOUN
ftr-323	819	13	of	of	ADP
ftr-323	819	14	a	a	DET
ftr-323	819	15	cfc	cfc	NOUN
ftr-323	819	16	would	would	AUX
ftr-323	819	17	be	be	AUX
ftr-323	819	18	to	to	PART
ftr-323	819	19	exempt	exempt	VERB
ftr-323	819	20	gain	gain	NOUN
ftr-323	819	21	only	only	ADV
ftr-323	819	22	to	to	ADP
ftr-323	819	23	the	the	DET
ftr-323	819	24	extent	extent	NOUN
ftr-323	819	25	of	of	ADP
ftr-323	819	26	the	the	DET
ftr-323	819	27	stock	stock	NOUN
ftr-323	819	28	’s	’s	PART
ftr-323	819	29	allocable	allocable	ADJ
ftr-323	819	30	share	share	NOUN
ftr-323	819	31	of	of	ADP
ftr-323	819	32	exempt	exempt	ADJ
ftr-323	819	33	but	but	CCONJ
ftr-323	819	34	undistributed	undistributed	ADJ
ftr-323	819	35	earnings	earning	NOUN
ftr-323	819	36	of	of	ADP
ftr-323	819	37	the	the	DET
ftr-323	819	38	cfc.146	cfc.146	NOUN
ftr-323	819	39	we	we	PRON
ftr-323	819	40	support	support	VERB
ftr-323	819	41	this	this	DET
ftr-323	819	42	approach	approach	NOUN
ftr-323	819	43	because	because	SCONJ
ftr-323	819	44	it	it	PRON
ftr-323	819	45	allows	allow	VERB
ftr-323	819	46	exemption	exemption	NOUN
ftr-323	819	47	only	only	ADV
ftr-323	819	48	to	to	ADP
ftr-323	819	49	the	the	DET
ftr-323	819	50	extent	extent	NOUN
ftr-323	819	51	of	of	ADP
ftr-323	819	52	the	the	DET
ftr-323	819	53	stock	stock	NOUN
ftr-323	819	54	gain	gain	NOUN
ftr-323	819	55	144	144	NUM
ftr-323	819	56	.	.	PUNCT
ftr-323	820	1	see	see	VERB
ftr-323	820	2	,	,	PUNCT
ftr-323	820	3	e.g.	e.g.	ADV
ftr-323	820	4	,	,	PUNCT
ftr-323	820	5	clausing	clausing	NOUN
ftr-323	820	6	&	&	CCONJ
ftr-323	820	7	shaviro	shaviro	NOUN
ftr-323	820	8	,	,	PUNCT
ftr-323	820	9	creditability	creditability	NOUN
ftr-323	820	10	to	to	ADP
ftr-323	820	11	deductibility	deductibility	NOUN
ftr-323	820	12	,	,	PUNCT
ftr-323	820	13	supra	supra	PROPN
ftr-323	820	14	note	note	PROPN
ftr-323	820	15	16	16	NUM
ftr-323	820	16	,	,	PUNCT
ftr-323	820	17	(	(	PUNCT
ftr-323	820	18	criticizing	criticize	VERB
ftr-323	820	19	the	the	DET
ftr-323	820	20	availability	availability	NOUN
ftr-323	820	21	of	of	ADP
ftr-323	820	22	a	a	DET
ftr-323	820	23	u.s	u.s	PROPN
ftr-323	820	24	.	.	PROPN
ftr-323	820	25	foreign	foreign	ADJ
ftr-323	820	26	tax	tax	NOUN
ftr-323	820	27	credit	credit	NOUN
ftr-323	820	28	for	for	ADP
ftr-323	820	29	making	make	VERB
ftr-323	820	30	u.s	u.s	PROPN
ftr-323	820	31	.	.	PROPN
ftr-323	820	32	residents	resident	NOUN
ftr-323	820	33	indifferent	indifferent	ADJ
ftr-323	820	34	to	to	ADP
ftr-323	820	35	the	the	DET
ftr-323	820	36	amount	amount	NOUN
ftr-323	820	37	of	of	ADP
ftr-323	820	38	creditable	creditable	ADJ
ftr-323	820	39	foreign	foreign	ADJ
ftr-323	820	40	tax	tax	NOUN
ftr-323	820	41	they	they	PRON
ftr-323	820	42	incur	incur	VERB
ftr-323	820	43	so	so	ADV
ftr-323	820	44	long	long	ADV
ftr-323	820	45	as	as	SCONJ
ftr-323	820	46	the	the	DET
ftr-323	820	47	foreign	foreign	ADJ
ftr-323	820	48	tax	tax	NOUN
ftr-323	820	49	liability	liability	NOUN
ftr-323	820	50	does	do	AUX
ftr-323	820	51	not	not	PART
ftr-323	820	52	exceed	exceed	VERB
ftr-323	820	53	the	the	DET
ftr-323	820	54	u.s	u.s	PROPN
ftr-323	820	55	.	.	PROPN
ftr-323	820	56	federal	federal	ADJ
ftr-323	820	57	income	income	NOUN
ftr-323	820	58	tax	tax	NOUN
ftr-323	820	59	liability	liability	NOUN
ftr-323	820	60	)	)	PUNCT
ftr-323	820	61	;	;	PUNCT
ftr-323	820	62	daniel	daniel	PROPN
ftr-323	820	63	shaviro	shaviro	PROPN
ftr-323	820	64	,	,	PUNCT
ftr-323	820	65	the	the	DET
ftr-323	820	66	case	case	NOUN
ftr-323	820	67	against	against	ADP
ftr-323	820	68	foreign	foreign	ADJ
ftr-323	820	69	tax	tax	NOUN
ftr-323	820	70	credits	credit	NOUN
ftr-323	820	71	,	,	PUNCT
ftr-323	820	72	3	3	NUM
ftr-323	820	73	j.	j.	PROPN
ftr-323	820	74	legal	legal	ADJ
ftr-323	820	75	analysis	analysis	NOUN
ftr-323	820	76	65	65	NUM
ftr-323	820	77	(	(	PUNCT
ftr-323	820	78	2011	2011	NUM
ftr-323	820	79	)	)	PUNCT
ftr-323	820	80	(	(	PUNCT
ftr-323	820	81	same	same	ADJ
ftr-323	820	82	)	)	PUNCT
ftr-323	820	83	.	.	PUNCT
ftr-323	821	1	145	145	NUM
ftr-323	821	2	.	.	PUNCT
ftr-323	822	1	see	see	VERB
ftr-323	822	2	reg	reg	NOUN
ftr-323	822	3	.	.	PUNCT
ftr-323	823	1	§	§	PROPN
ftr-323	823	2	1.901	1.901	NUM
ftr-323	823	3	-	-	SYM
ftr-323	823	4	2(e)(5	2(e)(5	NUM
ftr-323	823	5	)	)	PUNCT
ftr-323	823	6	.	.	PUNCT
ftr-323	824	1	146	146	NUM
ftr-323	824	2	.	.	PUNCT
ftr-323	824	3	see	see	VERB
ftr-323	824	4	staff	staff	NOUN
ftr-323	824	5	of	of	ADP
ftr-323	824	6	joint	joint	ADJ
ftr-323	824	7	comm	comm	NOUN
ftr-323	824	8	.	.	PUNCT
ftr-323	825	1	,	,	PUNCT
ftr-323	825	2	options	option	NOUN
ftr-323	825	3	,	,	PUNCT
ftr-323	825	4	supra	supra	PROPN
ftr-323	825	5	note	note	NOUN
ftr-323	825	6	41	41	NUM
ftr-323	825	7	,	,	PUNCT
ftr-323	825	8	at	at	ADP
ftr-323	825	9	191	191	NUM
ftr-323	825	10	;	;	PUNCT
ftr-323	825	11	see	see	VERB
ftr-323	825	12	also	also	ADV
ftr-323	825	13	staff	staff	NOUN
ftr-323	825	14	of	of	ADP
ftr-323	825	15	joint	joint	ADJ
ftr-323	825	16	comm	comm	NOUN
ftr-323	825	17	.	.	PUNCT
ftr-323	826	1	on	on	ADP
ftr-323	826	2	tax’n	tax’n	NUM
ftr-323	826	3	,	,	PUNCT
ftr-323	826	4	jcx-42	jcx-42	NOUN
ftr-323	826	5	-	-	SYM
ftr-323	826	6	11	11	NUM
ftr-323	826	7	,	,	PUNCT
ftr-323	826	8	present	present	ADJ
ftr-323	826	9	law	law	NOUN
ftr-323	826	10	and	and	CCONJ
ftr-323	826	11	issues	issue	NOUN
ftr-323	826	12	in	in	ADP
ftr-323	826	13	u.s	u.s	PROPN
ftr-323	826	14	.	.	PROPN
ftr-323	826	15	taxation	taxation	NOUN
ftr-323	826	16	of	of	ADP
ftr-323	826	17	cross	cross	ADJ
ftr-323	826	18	-	-	ADJ
ftr-323	826	19	border	border	ADJ
ftr-323	826	20	income	income	NOUN
ftr-323	826	21	91	91	NUM
ftr-323	826	22	(	(	PUNCT
ftr-323	826	23	2011	2011	NUM
ftr-323	826	24	)	)	PUNCT
ftr-323	827	1	[	[	X
ftr-323	827	2	hereinafter	hereinafter	NOUN
ftr-323	827	3	staff	staff	NOUN
ftr-323	827	4	of	of	ADP
ftr-323	827	5	joint	joint	ADJ
ftr-323	827	6	comm	comm	NOUN
ftr-323	827	7	.	.	PUNCT
ftr-323	827	8	,	,	PUNCT
ftr-323	827	9	taxation	taxation	NOUN
ftr-323	827	10	of	of	ADP
ftr-323	827	11	cross	cross	ADJ
ftr-323	827	12	-	-	ADJ
ftr-323	827	13	border	border	ADJ
ftr-323	827	14	income	income	NOUN
ftr-323	827	15	]	]	X
ftr-323	827	16	;	;	PUNCT
ftr-323	827	17	graetz	graetz	PROPN
ftr-323	827	18	&	&	CCONJ
ftr-323	827	19	oosterhuis	oosterhuis	PROPN
ftr-323	827	20	,	,	PUNCT
ftr-323	827	21	structuring	structure	VERB
ftr-323	827	22	an	an	DET
ftr-323	827	23	exemption	exemption	NOUN
ftr-323	827	24	system	system	NOUN
ftr-323	827	25	,	,	PUNCT
ftr-323	827	26	supra	supra	PROPN
ftr-323	827	27	note	note	NOUN
ftr-323	827	28	50	50	NUM
ftr-323	827	29	,	,	PUNCT
ftr-323	827	30	at	at	ADP
ftr-323	827	31	776	776	NUM
ftr-323	827	32	.	.	PUNCT
ftr-323	828	1	440	440	NUM
ftr-323	828	2	florida	florida	PROPN
ftr-323	828	3	tax	tax	NOUN
ftr-323	828	4	review	review	NOUN
ftr-323	828	5	[	[	X
ftr-323	828	6	vol	vol	NOUN
ftr-323	828	7	.	.	PUNCT
ftr-323	828	8	13:8	13:8	NUM
ftr-323	828	9	that	that	PRON
ftr-323	828	10	is	be	AUX
ftr-323	828	11	attributable	attributable	ADJ
ftr-323	828	12	to	to	ADP
ftr-323	828	13	earnings	earning	NOUN
ftr-323	828	14	that	that	PRON
ftr-323	828	15	actually	actually	ADV
ftr-323	828	16	have	have	AUX
ftr-323	828	17	been	be	AUX
ftr-323	828	18	meaningfully	meaningfully	ADV
ftr-323	828	19	taxed	tax	VERB
ftr-323	828	20	at	at	ADP
ftr-323	828	21	the	the	DET
ftr-323	828	22	corporate	corporate	ADJ
ftr-323	828	23	level	level	NOUN
ftr-323	828	24	.	.	PUNCT
ftr-323	829	1	stock	stock	NOUN
ftr-323	829	2	gain	gain	NOUN
ftr-323	829	3	in	in	ADP
ftr-323	829	4	excess	excess	NOUN
ftr-323	829	5	of	of	ADP
ftr-323	829	6	that	that	DET
ftr-323	829	7	amount	amount	NOUN
ftr-323	829	8	is	be	AUX
ftr-323	829	9	not	not	PART
ftr-323	829	10	usually	usually	ADV
ftr-323	829	11	taxed	tax	VERB
ftr-323	829	12	by	by	ADP
ftr-323	829	13	the	the	DET
ftr-323	829	14	source	source	NOUN
ftr-323	829	15	country	country	NOUN
ftr-323	829	16	and	and	CCONJ
ftr-323	829	17	therefore	therefore	ADV
ftr-323	829	18	should	should	AUX
ftr-323	829	19	be	be	AUX
ftr-323	829	20	taxed	tax	VERB
ftr-323	829	21	by	by	ADP
ftr-323	829	22	the	the	DET
ftr-323	829	23	residence	residence	NOUN
ftr-323	829	24	country	country	NOUN
ftr-323	829	25	and	and	CCONJ
ftr-323	829	26	not	not	PART
ftr-323	829	27	exempted	exempt	VERB
ftr-323	829	28	.	.	PUNCT
ftr-323	830	1	this	this	DET
ftr-323	830	2	approach	approach	NOUN
ftr-323	830	3	is	be	AUX
ftr-323	830	4	consistent	consistent	ADJ
ftr-323	830	5	with	with	ADP
ftr-323	830	6	our	our	PRON
ftr-323	830	7	thesis	thesis	NOUN
ftr-323	830	8	throughout	throughout	ADP
ftr-323	830	9	this	this	DET
ftr-323	830	10	article	article	NOUN
ftr-323	830	11	of	of	ADP
ftr-323	830	12	understanding	understand	VERB
ftr-323	830	13	exemption	exemption	NOUN
ftr-323	830	14	as	as	ADP
ftr-323	830	15	a	a	DET
ftr-323	830	16	means	means	NOUN
ftr-323	830	17	to	to	PART
ftr-323	830	18	avoid	avoid	VERB
ftr-323	830	19	double	double	ADJ
ftr-323	830	20	corporate	corporate	ADJ
ftr-323	830	21	taxation	taxation	NOUN
ftr-323	830	22	but	but	CCONJ
ftr-323	830	23	not	not	PART
ftr-323	830	24	to	to	PART
ftr-323	830	25	exempt	exempt	VERB
ftr-323	830	26	from	from	ADP
ftr-323	830	27	taxation	taxation	NOUN
ftr-323	830	28	income	income	NOUN
ftr-323	830	29	that	that	PRON
ftr-323	830	30	is	be	AUX
ftr-323	830	31	not	not	PART
ftr-323	830	32	taxed	tax	VERB
ftr-323	830	33	by	by	ADP
ftr-323	830	34	another	another	DET
ftr-323	830	35	country	country	NOUN
ftr-323	830	36	.	.	PUNCT
ftr-323	831	1	this	this	DET
ftr-323	831	2	approach	approach	NOUN
ftr-323	831	3	also	also	ADV
ftr-323	831	4	has	have	VERB
ftr-323	831	5	some	some	DET
ftr-323	831	6	intuitive	intuitive	ADJ
ftr-323	831	7	appeal	appeal	NOUN
ftr-323	831	8	because	because	SCONJ
ftr-323	831	9	it	it	PRON
ftr-323	831	10	is	be	AUX
ftr-323	831	11	relatively	relatively	ADV
ftr-323	831	12	simple	simple	ADJ
ftr-323	831	13	to	to	ADP
ftr-323	831	14	administer.147	administer.147	PROPN
ftr-323	831	15	a	a	DET
ftr-323	831	16	second	second	ADJ
ftr-323	831	17	possible	possible	ADJ
ftr-323	831	18	approach	approach	NOUN
ftr-323	831	19	would	would	AUX
ftr-323	831	20	be	be	AUX
ftr-323	831	21	to	to	PART
ftr-323	831	22	exempt	exempt	VERB
ftr-323	831	23	all	all	DET
ftr-323	831	24	gain	gain	NOUN
ftr-323	831	25	from	from	ADP
ftr-323	831	26	the	the	DET
ftr-323	831	27	sale	sale	NOUN
ftr-323	831	28	of	of	ADP
ftr-323	831	29	cfc	cfc	PROPN
ftr-323	831	30	stock	stock	NOUN
ftr-323	831	31	(	(	PUNCT
ftr-323	831	32	or	or	CCONJ
ftr-323	831	33	the	the	DET
ftr-323	831	34	percentage	percentage	NOUN
ftr-323	831	35	of	of	ADP
ftr-323	831	36	gain	gain	NOUN
ftr-323	831	37	that	that	PRON
ftr-323	831	38	corresponds	correspond	VERB
ftr-323	831	39	to	to	ADP
ftr-323	831	40	the	the	DET
ftr-323	831	41	percentage	percentage	NOUN
ftr-323	831	42	of	of	ADP
ftr-323	831	43	dividends	dividend	NOUN
ftr-323	831	44	that	that	PRON
ftr-323	831	45	are	be	AUX
ftr-323	831	46	exempt	exempt	ADJ
ftr-323	831	47	,	,	PUNCT
ftr-323	831	48	as	as	SCONJ
ftr-323	831	49	explained	explain	VERB
ftr-323	831	50	in	in	ADP
ftr-323	831	51	part	part	NOUN
ftr-323	831	52	viii.b	viii.b	PROPN
ftr-323	831	53	)	)	PUNCT
ftr-323	831	54	on	on	ADP
ftr-323	831	55	the	the	DET
ftr-323	831	56	theory	theory	NOUN
ftr-323	831	57	that	that	SCONJ
ftr-323	831	58	the	the	DET
ftr-323	831	59	gain	gain	NOUN
ftr-323	831	60	is	be	AUX
ftr-323	831	61	attributable	attributable	ADJ
ftr-323	831	62	to	to	ADP
ftr-323	831	63	the	the	DET
ftr-323	831	64	present	present	ADJ
ftr-323	831	65	value	value	NOUN
ftr-323	831	66	of	of	ADP
ftr-323	831	67	the	the	DET
ftr-323	831	68	expected	expect	VERB
ftr-323	831	69	future	future	ADJ
ftr-323	831	70	income	income	NOUN
ftr-323	831	71	from	from	ADP
ftr-323	831	72	appreciated	appreciated	ADJ
ftr-323	831	73	corporate	corporate	ADJ
ftr-323	831	74	assets	asset	NOUN
ftr-323	831	75	that	that	PRON
ftr-323	831	76	will	will	AUX
ftr-323	831	77	give	give	VERB
ftr-323	831	78	rise	rise	NOUN
ftr-323	831	79	to	to	ADP
ftr-323	831	80	income	income	NOUN
ftr-323	831	81	qualifying	qualify	VERB
ftr-323	831	82	for	for	ADP
ftr-323	831	83	exemption	exemption	NOUN
ftr-323	831	84	under	under	ADP
ftr-323	831	85	the	the	DET
ftr-323	831	86	territorial	territorial	ADJ
ftr-323	831	87	system.148	system.148	NOUN
ftr-323	831	88	this	this	PRON
ftr-323	831	89	is	be	AUX
ftr-323	831	90	a	a	DET
ftr-323	831	91	taxpayerfavorable	taxpayerfavorable	NOUN
ftr-323	831	92	approach	approach	NOUN
ftr-323	831	93	and	and	CCONJ
ftr-323	831	94	is	be	AUX
ftr-323	831	95	the	the	DET
ftr-323	831	96	simplest	simple	ADJ
ftr-323	831	97	method	method	NOUN
ftr-323	831	98	for	for	ADP
ftr-323	831	99	dealing	deal	VERB
ftr-323	831	100	with	with	ADP
ftr-323	831	101	this	this	DET
ftr-323	831	102	issue	issue	NOUN
ftr-323	831	103	.	.	PUNCT
ftr-323	832	1	however	however	ADV
ftr-323	832	2	,	,	PUNCT
ftr-323	832	3	it	it	PRON
ftr-323	832	4	would	would	AUX
ftr-323	832	5	be	be	AUX
ftr-323	832	6	overly	overly	ADV
ftr-323	832	7	inclusive	inclusive	ADJ
ftr-323	832	8	to	to	ADP
ftr-323	832	9	the	the	DET
ftr-323	832	10	extent	extent	NOUN
ftr-323	832	11	that	that	SCONJ
ftr-323	832	12	the	the	DET
ftr-323	832	13	cfc	cfc	PROPN
ftr-323	832	14	’s	’s	PART
ftr-323	832	15	assets	asset	NOUN
ftr-323	832	16	are	be	AUX
ftr-323	832	17	the	the	DET
ftr-323	832	18	kind	kind	NOUN
ftr-323	832	19	of	of	ADP
ftr-323	832	20	assets	asset	NOUN
ftr-323	832	21	that	that	PRON
ftr-323	832	22	produce	produce	VERB
ftr-323	832	23	non	non	ADJ
ftr-323	832	24	-	-	ADJ
ftr-323	832	25	exempt	exempt	ADJ
ftr-323	832	26	income	income	NOUN
ftr-323	832	27	,	,	PUNCT
ftr-323	832	28	and	and	CCONJ
ftr-323	832	29	it	it	PRON
ftr-323	832	30	would	would	AUX
ftr-323	832	31	distort	distort	VERB
ftr-323	832	32	corporate	corporate	ADJ
ftr-323	832	33	behavior	behavior	NOUN
ftr-323	832	34	by	by	ADP
ftr-323	832	35	encouraging	encourage	VERB
ftr-323	832	36	foreign	foreign	ADJ
ftr-323	832	37	corporations	corporation	NOUN
ftr-323	832	38	to	to	PART
ftr-323	832	39	retain	retain	VERB
ftr-323	832	40	,	,	PUNCT
ftr-323	832	41	rather	rather	ADV
ftr-323	832	42	than	than	ADP
ftr-323	832	43	distribute	distribute	VERB
ftr-323	832	44	,	,	PUNCT
ftr-323	832	45	their	their	PRON
ftr-323	832	46	earnings	earning	NOUN
ftr-323	832	47	that	that	PRON
ftr-323	832	48	do	do	AUX
ftr-323	832	49	not	not	PART
ftr-323	832	50	qualify	qualify	VERB
ftr-323	832	51	for	for	ADP
ftr-323	832	52	exemption	exemption	NOUN
ftr-323	832	53	.	.	PUNCT
ftr-323	833	1	thus	thus	ADV
ftr-323	833	2	,	,	PUNCT
ftr-323	833	3	it	it	PRON
ftr-323	833	4	would	would	AUX
ftr-323	833	5	create	create	VERB
ftr-323	833	6	an	an	DET
ftr-323	833	7	end	end	NOUN
ftr-323	833	8	-	-	PUNCT
ftr-323	833	9	run	run	NOUN
ftr-323	833	10	around	around	ADP
ftr-323	833	11	the	the	DET
ftr-323	833	12	rules	rule	NOUN
ftr-323	833	13	limiting	limit	VERB
ftr-323	833	14	the	the	DET
ftr-323	833	15	types	type	NOUN
ftr-323	833	16	of	of	ADP
ftr-323	833	17	corporate	corporate	ADJ
ftr-323	833	18	income	income	NOUN
ftr-323	833	19	that	that	PRON
ftr-323	833	20	qualify	qualify	VERB
ftr-323	833	21	for	for	ADP
ftr-323	833	22	exemption	exemption	NOUN
ftr-323	833	23	under	under	ADP
ftr-323	833	24	a	a	DET
ftr-323	833	25	properly	properly	ADV
ftr-323	833	26	designed	design	VERB
ftr-323	833	27	territorial	territorial	ADJ
ftr-323	833	28	system	system	NOUN
ftr-323	833	29	.	.	PUNCT
ftr-323	834	1	accordingly	accordingly	ADV
ftr-323	834	2	,	,	PUNCT
ftr-323	834	3	we	we	PRON
ftr-323	834	4	view	view	VERB
ftr-323	834	5	this	this	DET
ftr-323	834	6	approach	approach	NOUN
ftr-323	834	7	as	as	ADP
ftr-323	834	8	the	the	DET
ftr-323	834	9	least	least	ADJ
ftr-323	834	10	acceptable	acceptable	ADJ
ftr-323	834	11	of	of	ADP
ftr-323	834	12	the	the	DET
ftr-323	834	13	three	three	NUM
ftr-323	834	14	possibilities	possibility	NOUN
ftr-323	834	15	discussed	discuss	VERB
ftr-323	834	16	here	here	ADV
ftr-323	834	17	.	.	PUNCT
ftr-323	835	1	a	a	DET
ftr-323	835	2	third	third	ADJ
ftr-323	835	3	possible	possible	ADJ
ftr-323	835	4	approach	approach	NOUN
ftr-323	835	5	would	would	AUX
ftr-323	835	6	be	be	AUX
ftr-323	835	7	to	to	PART
ftr-323	835	8	require	require	VERB
ftr-323	835	9	the	the	DET
ftr-323	835	10	selling	sell	VERB
ftr-323	835	11	u.s	u.s	PROPN
ftr-323	835	12	.	.	PROPN
ftr-323	835	13	shareholder	shareholder	NOUN
ftr-323	835	14	to	to	PART
ftr-323	835	15	look	look	VERB
ftr-323	835	16	through	through	ADP
ftr-323	835	17	the	the	DET
ftr-323	835	18	stock	stock	NOUN
ftr-323	835	19	of	of	ADP
ftr-323	835	20	the	the	DET
ftr-323	835	21	cfc	cfc	PROPN
ftr-323	835	22	to	to	ADP
ftr-323	835	23	the	the	DET
ftr-323	835	24	underlying	underlie	VERB
ftr-323	835	25	assets	asset	NOUN
ftr-323	835	26	of	of	ADP
ftr-323	835	27	the	the	DET
ftr-323	835	28	corporation	corporation	NOUN
ftr-323	835	29	.	.	PUNCT
ftr-323	836	1	under	under	ADP
ftr-323	836	2	this	this	DET
ftr-323	836	3	approach	approach	NOUN
ftr-323	836	4	,	,	PUNCT
ftr-323	836	5	the	the	DET
ftr-323	836	6	selling	sell	VERB
ftr-323	836	7	u.s	u.s	PROPN
ftr-323	836	8	.	.	PROPN
ftr-323	836	9	shareholder	shareholder	NOUN
ftr-323	836	10	would	would	AUX
ftr-323	836	11	have	have	VERB
ftr-323	836	12	to	to	PART
ftr-323	836	13	allocate	allocate	VERB
ftr-323	836	14	the	the	DET
ftr-323	836	15	gain	gain	NOUN
ftr-323	836	16	from	from	ADP
ftr-323	836	17	the	the	DET
ftr-323	836	18	sale	sale	NOUN
ftr-323	836	19	of	of	ADP
ftr-323	836	20	the	the	DET
ftr-323	836	21	cfc	cfc	PROPN
ftr-323	836	22	stock	stock	NOUN
ftr-323	836	23	between	between	ADP
ftr-323	836	24	the	the	DET
ftr-323	836	25	unrealized	unrealized	ADJ
ftr-323	836	26	appreciation	appreciation	NOUN
ftr-323	836	27	attributable	attributable	ADJ
ftr-323	836	28	to	to	ADP
ftr-323	836	29	corporate	corporate	ADJ
ftr-323	836	30	assets	asset	NOUN
ftr-323	836	31	that	that	PRON
ftr-323	836	32	produce	produce	VERB
ftr-323	836	33	income	income	NOUN
ftr-323	836	34	qualifying	qualify	VERB
ftr-323	836	35	for	for	ADP
ftr-323	836	36	exemption	exemption	NOUN
ftr-323	836	37	and	and	CCONJ
ftr-323	836	38	those	those	DET
ftr-323	836	39	corporate	corporate	ADJ
ftr-323	836	40	assets	asset	NOUN
ftr-323	836	41	that	that	PRON
ftr-323	836	42	produce	produce	VERB
ftr-323	836	43	income	income	NOUN
ftr-323	836	44	not	not	PART
ftr-323	836	45	qualifying	qualify	VERB
ftr-323	836	46	for	for	ADP
ftr-323	836	47	exemption.149	exemption.149	NOUN
ftr-323	836	48	only	only	ADV
ftr-323	836	49	the	the	DET
ftr-323	836	50	portion	portion	NOUN
ftr-323	836	51	of	of	ADP
ftr-323	836	52	the	the	DET
ftr-323	836	53	stock	stock	NOUN
ftr-323	836	54	sale	sale	NOUN
ftr-323	836	55	gain	gain	NOUN
ftr-323	836	56	attributable	attributable	ADJ
ftr-323	836	57	to	to	ADP
ftr-323	836	58	appreciation	appreciation	NOUN
ftr-323	836	59	in	in	ADP
ftr-323	836	60	the	the	DET
ftr-323	836	61	assets	asset	NOUN
ftr-323	836	62	producing	produce	VERB
ftr-323	836	63	exempt	exempt	ADJ
ftr-323	836	64	income	income	NOUN
ftr-323	836	65	would	would	AUX
ftr-323	836	66	itself	itself	PRON
ftr-323	836	67	be	be	AUX
ftr-323	836	68	exempt	exempt	ADJ
ftr-323	836	69	from	from	ADP
ftr-323	836	70	tax	tax	NOUN
ftr-323	836	71	.	.	PUNCT
ftr-323	837	1	this	this	DET
ftr-323	837	2	approach	approach	NOUN
ftr-323	837	3	is	be	AUX
ftr-323	837	4	more	more	ADV
ftr-323	837	5	precise	precise	ADJ
ftr-323	837	6	and	and	CCONJ
ftr-323	837	7	theoretically	theoretically	ADV
ftr-323	837	8	correct	correct	ADJ
ftr-323	837	9	than	than	ADP
ftr-323	837	10	exempting	exempt	VERB
ftr-323	837	11	all	all	DET
ftr-323	837	12	stock	stock	NOUN
ftr-323	837	13	sale	sale	NOUN
ftr-323	837	14	gain	gain	NOUN
ftr-323	837	15	.	.	PUNCT
ftr-323	838	1	it	it	PRON
ftr-323	838	2	is	be	AUX
ftr-323	838	3	also	also	ADV
ftr-323	838	4	the	the	DET
ftr-323	838	5	most	most	ADV
ftr-323	838	6	complex	complex	ADJ
ftr-323	838	7	147	147	NUM
ftr-323	838	8	.	.	PUNCT
ftr-323	839	1	however	however	ADV
ftr-323	839	2	,	,	PUNCT
ftr-323	839	3	this	this	DET
ftr-323	839	4	approach	approach	NOUN
ftr-323	839	5	has	have	AUX
ftr-323	839	6	been	be	AUX
ftr-323	839	7	criticized	criticize	VERB
ftr-323	839	8	by	by	ADP
ftr-323	839	9	some	some	DET
ftr-323	839	10	commentators	commentator	NOUN
ftr-323	839	11	as	as	SCONJ
ftr-323	839	12	conceptually	conceptually	ADV
ftr-323	839	13	flawed	flawed	ADJ
ftr-323	839	14	because	because	SCONJ
ftr-323	839	15	it	it	PRON
ftr-323	839	16	does	do	AUX
ftr-323	839	17	not	not	PART
ftr-323	839	18	properly	properly	ADV
ftr-323	839	19	take	take	VERB
ftr-323	839	20	into	into	ADP
ftr-323	839	21	account	account	NOUN
ftr-323	839	22	the	the	DET
ftr-323	839	23	gain	gain	NOUN
ftr-323	839	24	attributable	attributable	ADJ
ftr-323	839	25	to	to	ADP
ftr-323	839	26	the	the	DET
ftr-323	839	27	present	present	ADJ
ftr-323	839	28	value	value	NOUN
ftr-323	839	29	of	of	ADP
ftr-323	839	30	the	the	DET
ftr-323	839	31	expected	expect	VERB
ftr-323	839	32	future	future	ADJ
ftr-323	839	33	income	income	NOUN
ftr-323	839	34	from	from	ADP
ftr-323	839	35	appreciated	appreciated	ADJ
ftr-323	839	36	corporate	corporate	ADJ
ftr-323	839	37	assets	asset	NOUN
ftr-323	839	38	giving	give	VERB
ftr-323	839	39	rise	rise	NOUN
ftr-323	839	40	to	to	ADP
ftr-323	839	41	income	income	NOUN
ftr-323	839	42	qualifying	qualify	VERB
ftr-323	839	43	for	for	ADP
ftr-323	839	44	exemption	exemption	NOUN
ftr-323	839	45	under	under	ADP
ftr-323	839	46	the	the	DET
ftr-323	839	47	territorial	territorial	ADJ
ftr-323	839	48	system	system	NOUN
ftr-323	839	49	.	.	PUNCT
ftr-323	840	1	see	see	VERB
ftr-323	840	2	staff	staff	NOUN
ftr-323	840	3	of	of	ADP
ftr-323	840	4	joint	joint	ADJ
ftr-323	840	5	comm	comm	NOUN
ftr-323	840	6	.	.	PUNCT
ftr-323	841	1	,	,	PUNCT
ftr-323	841	2	taxation	taxation	NOUN
ftr-323	841	3	of	of	ADP
ftr-323	841	4	cross	cross	ADJ
ftr-323	841	5	-	-	ADJ
ftr-323	841	6	border	border	ADJ
ftr-323	841	7	income	income	NOUN
ftr-323	841	8	,	,	PUNCT
ftr-323	841	9	supra	supra	PROPN
ftr-323	841	10	note	note	VERB
ftr-323	841	11	146	146	NUM
ftr-323	841	12	,	,	PUNCT
ftr-323	841	13	at	at	ADP
ftr-323	841	14	91	91	NUM
ftr-323	841	15	.	.	PUNCT
ftr-323	841	16	148	148	NUM
ftr-323	841	17	.	.	PUNCT
ftr-323	842	1	see	see	VERB
ftr-323	842	2	i	i	PRON
ftr-323	842	3	d.	d.	PROPN
ftr-323	842	4	149	149	NUM
ftr-323	842	5	.	.	PUNCT
ftr-323	843	1	see	see	VERB
ftr-323	843	2	staff	staff	NOUN
ftr-323	843	3	of	of	ADP
ftr-323	843	4	joint	joint	ADJ
ftr-323	843	5	comm	comm	NOUN
ftr-323	843	6	.	.	PUNCT
ftr-323	844	1	,	,	PUNCT
ftr-323	844	2	taxation	taxation	NOUN
ftr-323	844	3	of	of	ADP
ftr-323	844	4	cross	cross	ADJ
ftr-323	844	5	-	-	ADJ
ftr-323	844	6	border	border	ADJ
ftr-323	844	7	income	income	NOUN
ftr-323	844	8	,	,	PUNCT
ftr-323	844	9	supra	supra	PROPN
ftr-323	844	10	note	note	VERB
ftr-323	844	11	146	146	NUM
ftr-323	844	12	,	,	PUNCT
ftr-323	844	13	at	at	ADP
ftr-323	844	14	91	91	NUM
ftr-323	844	15	;	;	PUNCT
ftr-323	844	16	graetz	graetz	PROPN
ftr-323	844	17	&	&	CCONJ
ftr-323	844	18	oosterhuis	oosterhuis	PROPN
ftr-323	844	19	,	,	PUNCT
ftr-323	844	20	structuring	structure	VERB
ftr-323	844	21	an	an	DET
ftr-323	844	22	exemption	exemption	NOUN
ftr-323	844	23	system	system	NOUN
ftr-323	844	24	,	,	PUNCT
ftr-323	844	25	supra	supra	PROPN
ftr-323	844	26	note	note	NOUN
ftr-323	844	27	50	50	NUM
ftr-323	844	28	,	,	PUNCT
ftr-323	844	29	at	at	ADP
ftr-323	844	30	776	776	NUM
ftr-323	844	31	.	.	PUNCT
ftr-323	844	32	2012	2012	NUM
ftr-323	844	33	]	]	PUNCT
ftr-323	844	34	exemption	exemption	NOUN
ftr-323	844	35	when	when	SCONJ
ftr-323	844	36	the	the	DET
ftr-323	844	37	treasury	treasury	NOUN
ftr-323	844	38	is	be	AUX
ftr-323	844	39	empty	empty	ADJ
ftr-323	844	40	441	441	NUM
ftr-323	844	41	approach	approach	NOUN
ftr-323	844	42	and	and	CCONJ
ftr-323	844	43	would	would	AUX
ftr-323	844	44	involve	involve	VERB
ftr-323	844	45	difficult	difficult	ADJ
ftr-323	844	46	allocation	allocation	NOUN
ftr-323	844	47	and	and	CCONJ
ftr-323	844	48	valuation	valuation	NOUN
ftr-323	844	49	issues	issue	NOUN
ftr-323	844	50	(	(	PUNCT
ftr-323	844	51	always	always	ADV
ftr-323	844	52	a	a	DET
ftr-323	844	53	source	source	NOUN
ftr-323	844	54	of	of	ADP
ftr-323	844	55	practical	practical	ADJ
ftr-323	844	56	problems	problem	NOUN
ftr-323	844	57	in	in	ADP
ftr-323	844	58	the	the	DET
ftr-323	844	59	tax	tax	NOUN
ftr-323	844	60	system	system	NOUN
ftr-323	844	61	)	)	PUNCT
ftr-323	844	62	.	.	PUNCT
ftr-323	845	1	with	with	ADP
ftr-323	845	2	respect	respect	NOUN
ftr-323	845	3	to	to	ADP
ftr-323	845	4	losses	loss	NOUN
ftr-323	845	5	,	,	PUNCT
ftr-323	845	6	there	there	PRON
ftr-323	845	7	are	be	VERB
ftr-323	845	8	the	the	DET
ftr-323	845	9	same	same	ADJ
ftr-323	845	10	three	three	NUM
ftr-323	845	11	possible	possible	ADJ
ftr-323	845	12	alternative	alternative	ADJ
ftr-323	845	13	approaches	approach	NOUN
ftr-323	845	14	,	,	PUNCT
ftr-323	845	15	each	each	PRON
ftr-323	845	16	with	with	ADP
ftr-323	845	17	its	its	PRON
ftr-323	845	18	advantages	advantage	NOUN
ftr-323	845	19	and	and	CCONJ
ftr-323	845	20	disadvantages	disadvantage	NOUN
ftr-323	845	21	.	.	PUNCT
ftr-323	846	1	however	however	ADV
ftr-323	846	2	,	,	PUNCT
ftr-323	846	3	if	if	SCONJ
ftr-323	846	4	any	any	DET
ftr-323	846	5	loss	loss	NOUN
ftr-323	846	6	deduction	deduction	NOUN
ftr-323	846	7	is	be	AUX
ftr-323	846	8	going	go	VERB
ftr-323	846	9	to	to	PART
ftr-323	846	10	be	be	AUX
ftr-323	846	11	allowed	allow	VERB
ftr-323	846	12	under	under	ADP
ftr-323	846	13	either	either	CCONJ
ftr-323	846	14	the	the	DET
ftr-323	846	15	first	first	ADJ
ftr-323	846	16	or	or	CCONJ
ftr-323	846	17	third	third	ADJ
ftr-323	846	18	approach	approach	NOUN
ftr-323	846	19	above	above	ADV
ftr-323	846	20	,	,	PUNCT
ftr-323	846	21	thought	think	VERB
ftr-323	846	22	must	must	AUX
ftr-323	846	23	be	be	AUX
ftr-323	846	24	given	give	VERB
ftr-323	846	25	to	to	ADP
ftr-323	846	26	the	the	DET
ftr-323	846	27	possibility	possibility	NOUN
ftr-323	846	28	of	of	ADP
ftr-323	846	29	tax	tax	NOUN
ftr-323	846	30	-	-	PUNCT
ftr-323	846	31	motivated	motivate	VERB
ftr-323	846	32	lossgenerating	lossgenerate	VERB
ftr-323	846	33	transactions	transaction	NOUN
ftr-323	846	34	by	by	ADP
ftr-323	846	35	taxpayers	taxpayer	NOUN
ftr-323	846	36	and	and	CCONJ
ftr-323	846	37	what	what	PRON
ftr-323	846	38	that	that	PRON
ftr-323	846	39	means	mean	VERB
ftr-323	846	40	regarding	regard	VERB
ftr-323	846	41	the	the	DET
ftr-323	846	42	need	need	NOUN
ftr-323	846	43	for	for	ADP
ftr-323	846	44	anti	anti	ADJ
ftr-323	846	45	-	-	ADJ
ftr-323	846	46	abuse	abuse	ADJ
ftr-323	846	47	rules	rule	NOUN
ftr-323	846	48	relating	relate	VERB
ftr-323	846	49	to	to	ADP
ftr-323	846	50	losses	loss	NOUN
ftr-323	846	51	.	.	PUNCT
ftr-323	847	1	those	those	DET
ftr-323	847	2	anti	anti	ADJ
ftr-323	847	3	-	-	ADJ
ftr-323	847	4	abuse	abuse	ADJ
ftr-323	847	5	rules	rule	NOUN
ftr-323	847	6	,	,	PUNCT
ftr-323	847	7	of	of	ADP
ftr-323	847	8	course	course	NOUN
ftr-323	847	9	,	,	PUNCT
ftr-323	847	10	would	would	AUX
ftr-323	847	11	create	create	VERB
ftr-323	847	12	additional	additional	ADJ
ftr-323	847	13	complexity	complexity	NOUN
ftr-323	847	14	and	and	CCONJ
ftr-323	847	15	might	might	AUX
ftr-323	847	16	undermine	undermine	VERB
ftr-323	847	17	the	the	DET
ftr-323	847	18	administrability	administrability	NOUN
ftr-323	847	19	of	of	ADP
ftr-323	847	20	an	an	DET
ftr-323	847	21	exemption	exemption	NOUN
ftr-323	847	22	system	system	NOUN
ftr-323	847	23	.	.	PUNCT
ftr-323	848	1	this	this	PRON
ftr-323	848	2	has	have	AUX
ftr-323	848	3	led	lead	VERB
ftr-323	848	4	some	some	DET
ftr-323	848	5	proponents	proponent	NOUN
ftr-323	848	6	of	of	ADP
ftr-323	848	7	territorial	territorial	ADJ
ftr-323	848	8	taxation	taxation	NOUN
ftr-323	848	9	to	to	PART
ftr-323	848	10	propose	propose	VERB
ftr-323	848	11	complete	complete	ADJ
ftr-323	848	12	disallowance	disallowance	NOUN
ftr-323	848	13	of	of	ADP
ftr-323	848	14	any	any	DET
ftr-323	848	15	deduction	deduction	NOUN
ftr-323	848	16	for	for	ADP
ftr-323	848	17	losses	loss	NOUN
ftr-323	848	18	from	from	ADP
ftr-323	848	19	the	the	DET
ftr-323	848	20	sale	sale	NOUN
ftr-323	848	21	of	of	ADP
ftr-323	848	22	cfc	cfc	PROPN
ftr-323	848	23	stock	stock	NOUN
ftr-323	848	24	,	,	PUNCT
ftr-323	848	25	regardless	regardless	ADV
ftr-323	848	26	of	of	ADP
ftr-323	848	27	whether	whether	SCONJ
ftr-323	848	28	all	all	DET
ftr-323	848	29	or	or	CCONJ
ftr-323	848	30	some	some	PRON
ftr-323	848	31	portion	portion	NOUN
ftr-323	848	32	of	of	ADP
ftr-323	848	33	gain	gain	NOUN
ftr-323	848	34	from	from	ADP
ftr-323	848	35	the	the	DET
ftr-323	848	36	sale	sale	NOUN
ftr-323	848	37	of	of	ADP
ftr-323	848	38	cfc	cfc	PROPN
ftr-323	848	39	stock	stock	NOUN
ftr-323	848	40	is	be	AUX
ftr-323	848	41	subject	subject	ADJ
ftr-323	848	42	to	to	ADP
ftr-323	848	43	taxation.150	taxation.150	ADP
ftr-323	848	44	this	this	DET
ftr-323	848	45	asymmetrical	asymmetrical	ADJ
ftr-323	848	46	treatment	treatment	NOUN
ftr-323	848	47	of	of	ADP
ftr-323	848	48	losses	loss	NOUN
ftr-323	848	49	from	from	ADP
ftr-323	848	50	the	the	DET
ftr-323	848	51	sale	sale	NOUN
ftr-323	848	52	of	of	ADP
ftr-323	848	53	cfc	cfc	PROPN
ftr-323	848	54	stock	stock	NOUN
ftr-323	848	55	has	have	VERB
ftr-323	848	56	the	the	DET
ftr-323	848	57	virtue	virtue	NOUN
ftr-323	848	58	of	of	ADP
ftr-323	848	59	protecting	protect	VERB
ftr-323	848	60	revenue	revenue	NOUN
ftr-323	848	61	as	as	ADV
ftr-323	848	62	well	well	ADV
ftr-323	848	63	as	as	ADP
ftr-323	848	64	simplicity	simplicity	NOUN
ftr-323	848	65	and	and	CCONJ
ftr-323	848	66	administrative	administrative	ADJ
ftr-323	848	67	convenience	convenience	NOUN
ftr-323	848	68	,	,	PUNCT
ftr-323	848	69	but	but	CCONJ
ftr-323	848	70	lacks	lack	VERB
ftr-323	848	71	a	a	DET
ftr-323	848	72	consistent	consistent	ADJ
ftr-323	848	73	conceptual	conceptual	ADJ
ftr-323	848	74	foundation	foundation	NOUN
ftr-323	848	75	.	.	PUNCT
ftr-323	849	1	on	on	ADP
ftr-323	849	2	balance	balance	NOUN
ftr-323	849	3	,	,	PUNCT
ftr-323	849	4	we	we	PRON
ftr-323	849	5	favor	favor	VERB
ftr-323	849	6	symmetrical	symmetrical	ADJ
ftr-323	849	7	treatment	treatment	NOUN
ftr-323	849	8	of	of	ADP
ftr-323	849	9	gains	gain	NOUN
ftr-323	849	10	and	and	CCONJ
ftr-323	849	11	losses	loss	NOUN
ftr-323	849	12	from	from	ADP
ftr-323	849	13	the	the	DET
ftr-323	849	14	sale	sale	NOUN
ftr-323	849	15	of	of	ADP
ftr-323	849	16	cfc	cfc	PROPN
ftr-323	849	17	stock	stock	NOUN
ftr-323	849	18	,	,	PUNCT
ftr-323	849	19	which	which	PRON
ftr-323	849	20	means	mean	VERB
ftr-323	849	21	that	that	SCONJ
ftr-323	849	22	we	we	PRON
ftr-323	849	23	probably	probably	ADV
ftr-323	849	24	would	would	AUX
ftr-323	849	25	disallow	disallow	VERB
ftr-323	849	26	cfc	cfc	PROPN
ftr-323	849	27	stock	stock	NOUN
ftr-323	849	28	sale	sale	NOUN
ftr-323	849	29	losses	loss	NOUN
ftr-323	849	30	only	only	ADV
ftr-323	849	31	to	to	ADP
ftr-323	849	32	the	the	DET
ftr-323	849	33	extent	extent	NOUN
ftr-323	849	34	that	that	SCONJ
ftr-323	849	35	they	they	PRON
ftr-323	849	36	arise	arise	VERB
ftr-323	849	37	from	from	ADP
ftr-323	849	38	an	an	DET
ftr-323	849	39	activity	activity	NOUN
ftr-323	849	40	giving	give	VERB
ftr-323	849	41	rise	rise	NOUN
ftr-323	849	42	to	to	PART
ftr-323	849	43	exempt	exempt	VERB
ftr-323	849	44	foreign	foreign	ADJ
ftr-323	849	45	-	-	PUNCT
ftr-323	849	46	source	source	NOUN
ftr-323	849	47	income	income	NOUN
ftr-323	849	48	.	.	PUNCT
ftr-323	850	1	vii	vii	PROPN
ftr-323	850	2	.	.	PROPN
ftr-323	850	3	branch	branch	NOUN
ftr-323	850	4	exemption	exemption	NOUN
ftr-323	850	5	in	in	ADP
ftr-323	850	6	part	part	NOUN
ftr-323	850	7	vi	vi	PROPN
ftr-323	850	8	,	,	PUNCT
ftr-323	850	9	we	we	PRON
ftr-323	850	10	described	describe	VERB
ftr-323	850	11	the	the	DET
ftr-323	850	12	structure	structure	NOUN
ftr-323	850	13	and	and	CCONJ
ftr-323	850	14	limits	limit	NOUN
ftr-323	850	15	of	of	ADP
ftr-323	850	16	a	a	DET
ftr-323	850	17	principled	principled	ADJ
ftr-323	850	18	dividend	dividend	NOUN
ftr-323	850	19	exemption	exemption	NOUN
ftr-323	850	20	system	system	NOUN
ftr-323	850	21	in	in	ADP
ftr-323	850	22	the	the	DET
ftr-323	850	23	context	context	NOUN
ftr-323	850	24	of	of	ADP
ftr-323	850	25	usco	usco	NOUN
ftr-323	850	26	,	,	PUNCT
ftr-323	850	27	a	a	DET
ftr-323	850	28	u.s	u.s	PROPN
ftr-323	850	29	.	.	PROPN
ftr-323	850	30	domestic	domestic	ADJ
ftr-323	850	31	corporation	corporation	NOUN
ftr-323	850	32	that	that	PRON
ftr-323	850	33	owns	own	VERB
ftr-323	850	34	all	all	DET
ftr-323	850	35	the	the	DET
ftr-323	850	36	stock	stock	NOUN
ftr-323	850	37	of	of	ADP
ftr-323	850	38	fs	fs	PROPN
ftr-323	850	39	,	,	PUNCT
ftr-323	850	40	a	a	DET
ftr-323	850	41	corporation	corporation	NOUN
ftr-323	850	42	formed	form	VERB
ftr-323	850	43	under	under	ADP
ftr-323	850	44	the	the	DET
ftr-323	850	45	laws	law	NOUN
ftr-323	850	46	of	of	ADP
ftr-323	850	47	lowtaxia	lowtaxia	NOUN
ftr-323	850	48	and	and	CCONJ
ftr-323	850	49	carrying	carry	VERB
ftr-323	850	50	on	on	ADP
ftr-323	850	51	an	an	DET
ftr-323	850	52	active	active	ADJ
ftr-323	850	53	business	business	NOUN
ftr-323	850	54	there	there	ADV
ftr-323	850	55	.	.	PUNCT
ftr-323	851	1	we	we	PRON
ftr-323	851	2	concluded	conclude	VERB
ftr-323	851	3	that	that	SCONJ
ftr-323	851	4	under	under	ADP
ftr-323	851	5	a	a	DET
ftr-323	851	6	u.s	u.s	PROPN
ftr-323	851	7	.	.	PROPN
ftr-323	851	8	territorial	territorial	ADJ
ftr-323	851	9	or	or	CCONJ
ftr-323	851	10	exemption	exemption	NOUN
ftr-323	851	11	system	system	NOUN
ftr-323	851	12	,	,	PUNCT
ftr-323	851	13	dividends	dividend	NOUN
ftr-323	851	14	distributed	distribute	VERB
ftr-323	851	15	by	by	ADP
ftr-323	851	16	fs	f	NOUN
ftr-323	851	17	to	to	ADP
ftr-323	851	18	usco	usco	PROPN
ftr-323	851	19	should	should	AUX
ftr-323	851	20	be	be	AUX
ftr-323	851	21	exempt	exempt	ADJ
ftr-323	851	22	from	from	ADP
ftr-323	851	23	u.s	u.s	PROPN
ftr-323	851	24	.	.	PROPN
ftr-323	851	25	income	income	NOUN
ftr-323	851	26	tax	tax	NOUN
ftr-323	851	27	but	but	CCONJ
ftr-323	851	28	only	only	ADV
ftr-323	851	29	to	to	ADP
ftr-323	851	30	the	the	DET
ftr-323	851	31	extent	extent	NOUN
ftr-323	851	32	that	that	SCONJ
ftr-323	851	33	they	they	PRON
ftr-323	851	34	are	be	AUX
ftr-323	851	35	paid	pay	VERB
ftr-323	851	36	out	out	ADP
ftr-323	851	37	of	of	ADP
ftr-323	851	38	active	active	ADJ
ftr-323	851	39	foreign	foreign	ADJ
ftr-323	851	40	-	-	PUNCT
ftr-323	851	41	source	source	NOUN
ftr-323	851	42	income	income	NOUN
ftr-323	851	43	that	that	PRON
ftr-323	851	44	has	have	AUX
ftr-323	851	45	borne	bear	VERB
ftr-323	851	46	a	a	DET
ftr-323	851	47	meaningful	meaningful	ADJ
ftr-323	851	48	foreign	foreign	ADJ
ftr-323	851	49	tax	tax	NOUN
ftr-323	851	50	.	.	PUNCT
ftr-323	852	1	should	should	AUX
ftr-323	852	2	similar	similar	ADJ
ftr-323	852	3	conclusions	conclusion	NOUN
ftr-323	852	4	apply	apply	VERB
ftr-323	852	5	if	if	SCONJ
ftr-323	852	6	fs	fs	X
ftr-323	852	7	is	be	AUX
ftr-323	852	8	usco	usco	PROPN
ftr-323	852	9	’s	’s	PART
ftr-323	852	10	unincorporated	unincorporated	ADJ
ftr-323	852	11	branch	branch	NOUN
ftr-323	852	12	in	in	ADP
ftr-323	852	13	lowtaxia	lowtaxia	PROPN
ftr-323	852	14	?	?	PUNCT
ftr-323	853	1	the	the	DET
ftr-323	853	2	case	case	NOUN
ftr-323	853	3	for	for	ADP
ftr-323	853	4	a	a	DET
ftr-323	853	5	positive	positive	ADJ
ftr-323	853	6	answer	answer	NOUN
ftr-323	853	7	seems	seem	VERB
ftr-323	853	8	compelling	compelling	ADJ
ftr-323	853	9	.	.	PUNCT
ftr-323	854	1	if	if	SCONJ
ftr-323	854	2	foreign	foreign	ADJ
ftr-323	854	3	active	active	ADJ
ftr-323	854	4	income	income	NOUN
ftr-323	854	5	merits	merit	VERB
ftr-323	854	6	a	a	DET
ftr-323	854	7	u.s	u.s	PROPN
ftr-323	854	8	.	.	PROPN
ftr-323	854	9	exemption	exemption	NOUN
ftr-323	854	10	when	when	SCONJ
ftr-323	854	11	it	it	PRON
ftr-323	854	12	is	be	AUX
ftr-323	854	13	realized	realize	VERB
ftr-323	854	14	by	by	ADP
ftr-323	854	15	a	a	DET
ftr-323	854	16	u.s	u.s	PROPN
ftr-323	854	17	.	.	PROPN
ftr-323	854	18	corporation	corporation	NOUN
ftr-323	854	19	indirectly	indirectly	ADV
ftr-323	854	20	in	in	ADP
ftr-323	854	21	the	the	DET
ftr-323	854	22	form	form	NOUN
ftr-323	854	23	of	of	ADP
ftr-323	854	24	dividends	dividend	NOUN
ftr-323	854	25	from	from	ADP
ftr-323	854	26	a	a	DET
ftr-323	854	27	foreign	foreign	ADJ
ftr-323	854	28	subsidiary	subsidiary	NOUN
ftr-323	854	29	,	,	PUNCT
ftr-323	854	30	then	then	ADV
ftr-323	854	31	there	there	PRON
ftr-323	854	32	is	be	VERB
ftr-323	854	33	strong	strong	ADJ
ftr-323	854	34	intuitive	intuitive	ADJ
ftr-323	854	35	appeal	appeal	NOUN
ftr-323	854	36	for	for	ADP
ftr-323	854	37	treating	treat	VERB
ftr-323	854	38	the	the	DET
ftr-323	854	39	same	same	ADJ
ftr-323	854	40	income	income	NOUN
ftr-323	854	41	as	as	ADP
ftr-323	854	42	exempt	exempt	ADJ
ftr-323	854	43	150	150	NUM
ftr-323	854	44	.	.	PUNCT
ftr-323	855	1	see	see	VERB
ftr-323	855	2	staff	staff	NOUN
ftr-323	855	3	of	of	ADP
ftr-323	855	4	joint	joint	ADJ
ftr-323	855	5	comm	comm	NOUN
ftr-323	855	6	.	.	PUNCT
ftr-323	856	1	,	,	PUNCT
ftr-323	856	2	options	option	NOUN
ftr-323	856	3	,	,	PUNCT
ftr-323	856	4	supra	supra	PROPN
ftr-323	856	5	note	note	NOUN
ftr-323	856	6	41	41	NUM
ftr-323	856	7	,	,	PUNCT
ftr-323	856	8	at	at	ADP
ftr-323	856	9	191	191	NUM
ftr-323	856	10	;	;	PUNCT
ftr-323	856	11	see	see	VERB
ftr-323	856	12	also	also	ADV
ftr-323	856	13	staff	staff	NOUN
ftr-323	856	14	of	of	ADP
ftr-323	856	15	joint	joint	ADJ
ftr-323	856	16	comm	comm	NOUN
ftr-323	856	17	.	.	PUNCT
ftr-323	857	1	,	,	PUNCT
ftr-323	857	2	taxation	taxation	NOUN
ftr-323	857	3	of	of	ADP
ftr-323	857	4	cross	cross	ADJ
ftr-323	857	5	-	-	ADJ
ftr-323	857	6	border	border	ADJ
ftr-323	857	7	income	income	NOUN
ftr-323	857	8	,	,	PUNCT
ftr-323	857	9	supra	supra	PROPN
ftr-323	857	10	note	note	VERB
ftr-323	857	11	146	146	NUM
ftr-323	857	12	,	,	PUNCT
ftr-323	857	13	at	at	ADP
ftr-323	857	14	92	92	NUM
ftr-323	857	15	.	.	PUNCT
ftr-323	858	1	several	several	ADJ
ftr-323	858	2	countries	country	NOUN
ftr-323	858	3	with	with	ADP
ftr-323	858	4	territorial	territorial	ADJ
ftr-323	858	5	systems	system	NOUN
ftr-323	858	6	use	use	VERB
ftr-323	858	7	this	this	DET
ftr-323	858	8	complete	complete	ADJ
ftr-323	858	9	loss	loss	NOUN
ftr-323	858	10	disallowance	disallowance	NOUN
ftr-323	858	11	approach	approach	NOUN
ftr-323	858	12	,	,	PUNCT
ftr-323	858	13	including	include	VERB
ftr-323	858	14	germany	germany	PROPN
ftr-323	858	15	and	and	CCONJ
ftr-323	858	16	the	the	DET
ftr-323	858	17	netherlands	netherlands	PROPN
ftr-323	858	18	.	.	PUNCT
ftr-323	859	1	see	see	VERB
ftr-323	859	2	staff	staff	NOUN
ftr-323	859	3	of	of	ADP
ftr-323	859	4	joint	joint	ADJ
ftr-323	859	5	comm	comm	NOUN
ftr-323	859	6	.	.	PUNCT
ftr-323	859	7	,	,	PUNCT
ftr-323	859	8	background	background	NOUN
ftr-323	859	9	and	and	CCONJ
ftr-323	859	10	issues	issue	NOUN
ftr-323	859	11	,	,	PUNCT
ftr-323	859	12	supra	supra	PROPN
ftr-323	859	13	note	note	NOUN
ftr-323	859	14	48	48	NUM
ftr-323	859	15	,	,	PUNCT
ftr-323	859	16	at	at	ADP
ftr-323	859	17	26	26	NUM
ftr-323	859	18	,	,	PUNCT
ftr-323	859	19	33	33	NUM
ftr-323	859	20	.	.	NUM
ftr-323	859	21	442	442	NUM
ftr-323	859	22	florida	florida	PROPN
ftr-323	859	23	tax	tax	NOUN
ftr-323	859	24	review	review	NOUN
ftr-323	860	1	[	[	X
ftr-323	860	2	vol	vol	NOUN
ftr-323	860	3	.	.	PUNCT
ftr-323	860	4	13:8	13:8	NUM
ftr-323	860	5	when	when	SCONJ
ftr-323	860	6	it	it	PRON
ftr-323	860	7	is	be	AUX
ftr-323	860	8	earned	earn	VERB
ftr-323	860	9	directly	directly	ADV
ftr-323	860	10	through	through	ADP
ftr-323	860	11	the	the	DET
ftr-323	860	12	u.s	u.s	PROPN
ftr-323	860	13	.	.	PROPN
ftr-323	860	14	corporation	corporation	PROPN
ftr-323	860	15	’s	’s	PART
ftr-323	860	16	foreign	foreign	ADJ
ftr-323	860	17	branch	branch	NOUN
ftr-323	860	18	operations.151	operations.151	NOUN
ftr-323	860	19	however	however	ADV
ftr-323	860	20	,	,	PUNCT
ftr-323	860	21	foreign	foreign	ADJ
ftr-323	860	22	-	-	PUNCT
ftr-323	860	23	source	source	NOUN
ftr-323	860	24	branch	branch	NOUN
ftr-323	860	25	losses	loss	NOUN
ftr-323	860	26	should	should	AUX
ftr-323	860	27	not	not	PART
ftr-323	860	28	be	be	AUX
ftr-323	860	29	deductible	deductible	ADJ
ftr-323	860	30	against	against	ADP
ftr-323	860	31	a	a	DET
ftr-323	860	32	u.s	u.s	PROPN
ftr-323	860	33	.	.	PROPN
ftr-323	860	34	corporation	corporation	PROPN
ftr-323	860	35	’s	’s	PART
ftr-323	860	36	u.s.-source	u.s.-source	ADV
ftr-323	860	37	income.152	income.152	PROPN
ftr-323	861	1	we	we	PRON
ftr-323	861	2	will	will	AUX
ftr-323	861	3	develop	develop	VERB
ftr-323	861	4	that	that	DET
ftr-323	861	5	point	point	NOUN
ftr-323	861	6	fully	fully	ADV
ftr-323	861	7	in	in	ADP
ftr-323	861	8	part	part	NOUN
ftr-323	861	9	viii.c	viii.c	NUM
ftr-323	861	10	.	.	PUNCT
ftr-323	862	1	,	,	PUNCT
ftr-323	862	2	so	so	CCONJ
ftr-323	862	3	at	at	ADP
ftr-323	862	4	this	this	DET
ftr-323	862	5	point	point	NOUN
ftr-323	862	6	we	we	PRON
ftr-323	862	7	will	will	AUX
ftr-323	862	8	simply	simply	ADV
ftr-323	862	9	say	say	VERB
ftr-323	862	10	that	that	SCONJ
ftr-323	862	11	there	there	PRON
ftr-323	862	12	should	should	AUX
ftr-323	862	13	be	be	AUX
ftr-323	862	14	no	no	DET
ftr-323	862	15	deduction	deduction	NOUN
ftr-323	862	16	of	of	ADP
ftr-323	862	17	foreign	foreign	ADJ
ftr-323	862	18	branch	branch	NOUN
ftr-323	862	19	losses	loss	NOUN
ftr-323	862	20	against	against	ADP
ftr-323	862	21	u.s	u.s	PROPN
ftr-323	862	22	.	.	PROPN
ftr-323	862	23	income	income	NOUN
ftr-323	862	24	because	because	SCONJ
ftr-323	862	25	allowance	allowance	NOUN
ftr-323	862	26	of	of	ADP
ftr-323	862	27	the	the	DET
ftr-323	862	28	deduction	deduction	NOUN
ftr-323	862	29	would	would	AUX
ftr-323	862	30	confer	confer	VERB
ftr-323	862	31	an	an	DET
ftr-323	862	32	unwarranted	unwarranted	ADJ
ftr-323	862	33	and	and	CCONJ
ftr-323	862	34	distortive	distortive	ADJ
ftr-323	862	35	subsidy	subsidy	NOUN
ftr-323	862	36	on	on	ADP
ftr-323	862	37	the	the	DET
ftr-323	862	38	foreign	foreign	ADJ
ftr-323	862	39	operations	operation	NOUN
ftr-323	862	40	.	.	PUNCT
ftr-323	863	1	in	in	ADP
ftr-323	863	2	addition	addition	NOUN
ftr-323	863	3	,	,	PUNCT
ftr-323	863	4	for	for	ADP
ftr-323	863	5	reasons	reason	NOUN
ftr-323	863	6	given	give	VERB
ftr-323	863	7	in	in	ADP
ftr-323	863	8	part	part	NOUN
ftr-323	863	9	vi	vi	PROPN
ftr-323	863	10	,	,	PUNCT
ftr-323	863	11	the	the	DET
ftr-323	863	12	u.s	u.s	PROPN
ftr-323	863	13	.	.	PROPN
ftr-323	863	14	exemption	exemption	NOUN
ftr-323	863	15	system	system	NOUN
ftr-323	863	16	should	should	AUX
ftr-323	863	17	not	not	PART
ftr-323	863	18	apply	apply	VERB
ftr-323	863	19	to	to	ADP
ftr-323	863	20	passive	passive	ADJ
ftr-323	863	21	branch	branch	NOUN
ftr-323	863	22	income	income	NOUN
ftr-323	863	23	or	or	CCONJ
ftr-323	863	24	to	to	ADP
ftr-323	863	25	branch	branch	NOUN
ftr-323	863	26	income	income	NOUN
ftr-323	863	27	that	that	PRON
ftr-323	863	28	has	have	AUX
ftr-323	863	29	not	not	PART
ftr-323	863	30	borne	bear	VERB
ftr-323	863	31	a	a	DET
ftr-323	863	32	meaningful	meaningful	ADJ
ftr-323	863	33	foreign	foreign	ADJ
ftr-323	863	34	tax	tax	NOUN
ftr-323	863	35	.	.	PUNCT
ftr-323	864	1	thus	thus	ADV
ftr-323	864	2	,	,	PUNCT
ftr-323	864	3	while	while	SCONJ
ftr-323	864	4	foreign	foreign	ADJ
ftr-323	864	5	branch	branch	NOUN
ftr-323	864	6	operations	operation	NOUN
ftr-323	864	7	should	should	AUX
ftr-323	864	8	be	be	AUX
ftr-323	864	9	included	include	VERB
ftr-323	864	10	in	in	ADP
ftr-323	864	11	a	a	DET
ftr-323	864	12	u.s	u.s	PROPN
ftr-323	864	13	.	.	PROPN
ftr-323	864	14	exemption	exemption	NOUN
ftr-323	864	15	system	system	NOUN
ftr-323	864	16	,	,	PUNCT
ftr-323	864	17	they	they	PRON
ftr-323	864	18	should	should	AUX
ftr-323	864	19	be	be	AUX
ftr-323	864	20	included	include	VERB
ftr-323	864	21	in	in	ADP
ftr-323	864	22	a	a	DET
ftr-323	864	23	way	way	NOUN
ftr-323	864	24	that	that	PRON
ftr-323	864	25	quarantines	quarantine	NOUN
ftr-323	864	26	and	and	CCONJ
ftr-323	864	27	disallows	disallow	VERB
ftr-323	864	28	the	the	DET
ftr-323	864	29	deduction	deduction	NOUN
ftr-323	864	30	of	of	ADP
ftr-323	864	31	foreign	foreign	ADJ
ftr-323	864	32	branch	branch	NOUN
ftr-323	864	33	losses	loss	NOUN
ftr-323	864	34	as	as	ADV
ftr-323	864	35	well	well	ADV
ftr-323	864	36	as	as	ADP
ftr-323	864	37	excludes	exclude	NOUN
ftr-323	864	38	from	from	ADP
ftr-323	864	39	exemption	exemption	NOUN
ftr-323	864	40	treatment	treatment	NOUN
ftr-323	864	41	both	both	CCONJ
ftr-323	864	42	foreign	foreign	ADJ
ftr-323	864	43	branch	branch	NOUN
ftr-323	864	44	income	income	NOUN
ftr-323	864	45	that	that	PRON
ftr-323	864	46	does	do	AUX
ftr-323	864	47	not	not	PART
ftr-323	864	48	bear	bear	VERB
ftr-323	864	49	a	a	DET
ftr-323	864	50	meaningful	meaningful	ADJ
ftr-323	864	51	foreign	foreign	ADJ
ftr-323	864	52	tax	tax	NOUN
ftr-323	864	53	and	and	CCONJ
ftr-323	864	54	foreign	foreign	ADJ
ftr-323	864	55	passive	passive	ADJ
ftr-323	864	56	branch	branch	NOUN
ftr-323	864	57	income	income	NOUN
ftr-323	864	58	.	.	PUNCT
ftr-323	865	1	the	the	DET
ftr-323	865	2	question	question	NOUN
ftr-323	865	3	is	be	AUX
ftr-323	865	4	how	how	SCONJ
ftr-323	865	5	to	to	PART
ftr-323	865	6	accomplish	accomplish	VERB
ftr-323	865	7	these	these	DET
ftr-323	865	8	ends	end	NOUN
ftr-323	865	9	.	.	PUNCT
ftr-323	866	1	none	none	NOUN
ftr-323	866	2	of	of	ADP
ftr-323	866	3	the	the	DET
ftr-323	866	4	answers	answer	NOUN
ftr-323	866	5	are	be	AUX
ftr-323	866	6	simple	simple	ADJ
ftr-323	866	7	.	.	PUNCT
ftr-323	867	1	one	one	NUM
ftr-323	867	2	approach	approach	NOUN
ftr-323	867	3	is	be	AUX
ftr-323	867	4	to	to	PART
ftr-323	867	5	structure	structure	VERB
ftr-323	867	6	the	the	DET
ftr-323	867	7	u.s	u.s	PROPN
ftr-323	867	8	.	.	PROPN
ftr-323	867	9	exemption	exemption	NOUN
ftr-323	867	10	system	system	NOUN
ftr-323	867	11	so	so	SCONJ
ftr-323	867	12	that	that	SCONJ
ftr-323	867	13	it	it	PRON
ftr-323	867	14	treats	treat	VERB
ftr-323	867	15	a	a	DET
ftr-323	867	16	branch	branch	NOUN
ftr-323	867	17	as	as	SCONJ
ftr-323	867	18	if	if	SCONJ
ftr-323	867	19	it	it	PRON
ftr-323	867	20	were	be	AUX
ftr-323	867	21	a	a	DET
ftr-323	867	22	wholly	wholly	ADV
ftr-323	867	23	owned	own	VERB
ftr-323	867	24	foreign	foreign	ADJ
ftr-323	867	25	subsidiary	subsidiary	NOUN
ftr-323	867	26	to	to	PART
ftr-323	867	27	which	which	PRON
ftr-323	867	28	subpart	subpart	NOUN
ftr-323	867	29	f	f	PROPN
ftr-323	867	30	applies	apply	VERB
ftr-323	867	31	.	.	PUNCT
ftr-323	868	1	this	this	PRON
ftr-323	868	2	is	be	AUX
ftr-323	868	3	the	the	DET
ftr-323	868	4	path	path	NOUN
ftr-323	868	5	recommended	recommend	VERB
ftr-323	868	6	in	in	ADP
ftr-323	868	7	the	the	DET
ftr-323	868	8	2011	2011	NUM
ftr-323	868	9	ways	way	NOUN
ftr-323	868	10	and	and	CCONJ
ftr-323	868	11	means	mean	VERB
ftr-323	868	12	discussion	discussion	NOUN
ftr-323	868	13	draft,153	draft,153	VERB
ftr-323	868	14	the	the	DET
ftr-323	868	15	bush	bush	PROPN
ftr-323	868	16	tax	tax	NOUN
ftr-323	868	17	reform	reform	NOUN
ftr-323	868	18	advisory	advisory	ADJ
ftr-323	868	19	panel	panel	NOUN
ftr-323	868	20	report,154	report,154	VERB
ftr-323	868	21	and	and	CCONJ
ftr-323	868	22	in	in	ADP
ftr-323	868	23	the	the	DET
ftr-323	868	24	2005	2005	NUM
ftr-323	868	25	joint	joint	ADJ
ftr-323	868	26	committee	committee	NOUN
ftr-323	868	27	staff	staff	NOUN
ftr-323	868	28	proposal.155	proposal.155	NOUN
ftr-323	868	29	taking	take	VERB
ftr-323	868	30	this	this	DET
ftr-323	868	31	path	path	NOUN
ftr-323	868	32	would	would	AUX
ftr-323	868	33	automatically	automatically	ADV
ftr-323	868	34	block	block	VERB
ftr-323	868	35	branch	branch	NOUN
ftr-323	868	36	losses	loss	NOUN
ftr-323	868	37	from	from	ADP
ftr-323	868	38	being	be	AUX
ftr-323	868	39	deducted	deduct	VERB
ftr-323	868	40	against	against	ADP
ftr-323	868	41	u.s.-source	u.s.-source	DET
ftr-323	868	42	income156	income156	PROPN
ftr-323	868	43	and	and	CCONJ
ftr-323	868	44	it	it	PRON
ftr-323	868	45	would	would	AUX
ftr-323	868	46	also	also	ADV
ftr-323	868	47	prevent	prevent	VERB
ftr-323	868	48	the	the	DET
ftr-323	868	49	u.s	u.s	PROPN
ftr-323	868	50	.	.	PROPN
ftr-323	868	51	exemption	exemption	NOUN
ftr-323	868	52	from	from	ADP
ftr-323	868	53	applying	apply	VERB
ftr-323	868	54	to	to	ADP
ftr-323	868	55	passive	passive	ADJ
ftr-323	868	56	foreign	foreign	ADJ
ftr-323	868	57	income	income	NOUN
ftr-323	868	58	and	and	CCONJ
ftr-323	868	59	low	low	ADV
ftr-323	868	60	-	-	PUNCT
ftr-323	868	61	taxed	tax	VERB
ftr-323	868	62	foreign	foreign	ADJ
ftr-323	868	63	income	income	NOUN
ftr-323	868	64	,	,	PUNCT
ftr-323	868	65	assuming	assume	VERB
ftr-323	868	66	that	that	SCONJ
ftr-323	868	67	subpart	subpart	PROPN
ftr-323	868	68	f	f	PROPN
ftr-323	868	69	income	income	NOUN
ftr-323	868	70	is	be	AUX
ftr-323	868	71	defined	define	VERB
ftr-323	868	72	to	to	PART
ftr-323	868	73	include	include	VERB
ftr-323	868	74	the	the	DET
ftr-323	868	75	latter	latter	ADJ
ftr-323	868	76	.	.	PUNCT
ftr-323	869	1	the	the	DET
ftr-323	869	2	controlled	control	VERB
ftr-323	869	3	subsidiary	subsidiary	NOUN
ftr-323	869	4	approach	approach	NOUN
ftr-323	869	5	would	would	AUX
ftr-323	869	6	make	make	VERB
ftr-323	869	7	explicit	explicit	ADJ
ftr-323	869	8	the	the	DET
ftr-323	869	9	transfer	transfer	NOUN
ftr-323	869	10	pricing	pricing	NOUN
ftr-323	869	11	issues	issue	NOUN
ftr-323	869	12	that	that	PRON
ftr-323	869	13	exist	exist	VERB
ftr-323	869	14	between	between	ADP
ftr-323	869	15	parent	parent	NOUN
ftr-323	869	16	corporations	corporation	NOUN
ftr-323	869	17	and	and	CCONJ
ftr-323	869	18	“	"	PUNCT
ftr-323	869	19	real	real	ADJ
ftr-323	869	20	”	"	PUNCT
ftr-323	869	21	subsidiaries	subsidiary	NOUN
ftr-323	869	22	but	but	CCONJ
ftr-323	869	23	which	which	PRON
ftr-323	869	24	create	create	VERB
ftr-323	869	25	substantial	substantial	ADJ
ftr-323	869	26	practical	practical	ADJ
ftr-323	869	27	difficulties	difficulty	NOUN
ftr-323	869	28	in	in	ADP
ftr-323	869	29	practice	practice	NOUN
ftr-323	869	30	in	in	ADP
ftr-323	869	31	dealings	dealing	NOUN
ftr-323	869	32	with	with	ADP
ftr-323	869	33	a	a	DET
ftr-323	869	34	branch	branch	NOUN
ftr-323	869	35	.	.	PUNCT
ftr-323	870	1	treating	treat	VERB
ftr-323	870	2	the	the	DET
ftr-323	870	3	branch	branch	NOUN
ftr-323	870	4	as	as	ADP
ftr-323	870	5	a	a	DET
ftr-323	870	6	controlled	control	VERB
ftr-323	870	7	foreign	foreign	ADJ
ftr-323	870	8	corporation	corporation	NOUN
ftr-323	870	9	brings	bring	VERB
ftr-323	870	10	the	the	DET
ftr-323	870	11	outbound	outbound	ADJ
ftr-323	870	12	asset	asset	NOUN
ftr-323	870	13	transfer	transfer	NOUN
ftr-323	870	14	rules	rule	NOUN
ftr-323	870	15	of	of	ADP
ftr-323	870	16	section	section	NOUN
ftr-323	870	17	367	367	NUM
ftr-323	870	18	into	into	ADP
ftr-323	870	19	play	play	NOUN
ftr-323	870	20	and	and	CCONJ
ftr-323	870	21	in	in	ADP
ftr-323	870	22	practice	practice	NOUN
ftr-323	870	23	may	may	AUX
ftr-323	870	24	make	make	VERB
ftr-323	870	25	it	it	PRON
ftr-323	870	26	easier	easy	ADJ
ftr-323	870	27	to	to	PART
ftr-323	870	28	apply	apply	VERB
ftr-323	870	29	section	section	NOUN
ftr-323	870	30	482	482	NUM
ftr-323	870	31	to	to	PART
ftr-323	870	32	assure	assure	VERB
ftr-323	870	33	that	that	SCONJ
ftr-323	870	34	the	the	DET
ftr-323	870	35	united	united	PROPN
ftr-323	870	36	states	states	PROPN
ftr-323	870	37	receives	receive	VERB
ftr-323	870	38	its	its	PRON
ftr-323	870	39	fair	fair	ADJ
ftr-323	870	40	share	share	NOUN
ftr-323	870	41	of	of	ADP
ftr-323	870	42	income	income	NOUN
ftr-323	870	43	.	.	PUNCT
ftr-323	871	1	particularly	particularly	ADV
ftr-323	871	2	with	with	ADP
ftr-323	871	3	respect	respect	NOUN
ftr-323	871	4	to	to	ADP
ftr-323	871	5	use	use	NOUN
ftr-323	871	6	of	of	ADP
ftr-323	871	7	an	an	DET
ftr-323	871	8	intangible	intangible	NOUN
ftr-323	871	9	in	in	ADP
ftr-323	871	10	151	151	NUM
ftr-323	871	11	.	.	PUNCT
ftr-323	872	1	see	see	VERB
ftr-323	872	2	jane	jane	PROPN
ftr-323	872	3	g.	g.	PROPN
ftr-323	872	4	gravelle	gravelle	PROPN
ftr-323	872	5	,	,	PUNCT
ftr-323	872	6	cong	cong	PROPN
ftr-323	872	7	.	.	PUNCT
ftr-323	873	1	research	research	NOUN
ftr-323	873	2	serv	serv	PROPN
ftr-323	873	3	.	.	PUNCT
ftr-323	874	1	r42624	r42624	NOUN
ftr-323	874	2	,	,	PUNCT
ftr-323	874	3	moving	move	VERB
ftr-323	874	4	to	to	ADP
ftr-323	874	5	a	a	DET
ftr-323	874	6	territorial	territorial	ADJ
ftr-323	874	7	income	income	NOUN
ftr-323	874	8	tax	tax	NOUN
ftr-323	874	9	:	:	PUNCT
ftr-323	874	10	options	option	NOUN
ftr-323	874	11	and	and	CCONJ
ftr-323	874	12	challenges	challenge	NOUN
ftr-323	874	13	35	35	NUM
ftr-323	874	14	(	(	PUNCT
ftr-323	874	15	2012	2012	NUM
ftr-323	874	16	)	)	PUNCT
ftr-323	875	1	[	[	X
ftr-323	875	2	hereinafter	hereinafter	NOUN
ftr-323	875	3	gravelle	gravelle	NOUN
ftr-323	875	4	,	,	PUNCT
ftr-323	875	5	options	option	NOUN
ftr-323	875	6	and	and	CCONJ
ftr-323	875	7	challenges	challenge	NOUN
ftr-323	875	8	]	]	PUNCT
ftr-323	875	9	;	;	PUNCT
ftr-323	875	10	graetz	graetz	PROPN
ftr-323	875	11	&	&	CCONJ
ftr-323	875	12	oosterhuis	oosterhuis	PROPN
ftr-323	875	13	,	,	PUNCT
ftr-323	875	14	structuring	structure	VERB
ftr-323	875	15	an	an	DET
ftr-323	875	16	exemption	exemption	NOUN
ftr-323	875	17	system	system	NOUN
ftr-323	875	18	,	,	PUNCT
ftr-323	875	19	supra	supra	PROPN
ftr-323	875	20	note	note	NOUN
ftr-323	875	21	50	50	NUM
ftr-323	875	22	,	,	PUNCT
ftr-323	875	23	at	at	ADP
ftr-323	875	24	774	774	NUM
ftr-323	875	25	.	.	PUNCT
ftr-323	875	26	152	152	NUM
ftr-323	875	27	.	.	PUNCT
ftr-323	876	1	see	see	VERB
ftr-323	876	2	ault	ault	PROPN
ftr-323	876	3	&	&	CCONJ
ftr-323	876	4	arnold	arnold	PROPN
ftr-323	876	5	,	,	PUNCT
ftr-323	876	6	comparative	comparative	ADJ
ftr-323	876	7	taxation	taxation	NOUN
ftr-323	876	8	,	,	PUNCT
ftr-323	876	9	supra	supra	PROPN
ftr-323	876	10	note	note	VERB
ftr-323	876	11	50	50	NUM
ftr-323	876	12	,	,	PUNCT
ftr-323	876	13	at	at	ADP
ftr-323	876	14	473	473	NUM
ftr-323	876	15	.	.	NOUN
ftr-323	876	16	153	153	NUM
ftr-323	876	17	.	.	PUNCT
ftr-323	877	1	see	see	VERB
ftr-323	877	2	ways	way	NOUN
ftr-323	877	3	&	&	CCONJ
ftr-323	877	4	means	mean	VERB
ftr-323	877	5	technical	technical	ADJ
ftr-323	877	6	explanation	explanation	NOUN
ftr-323	877	7	,	,	PUNCT
ftr-323	877	8	supra	supra	PROPN
ftr-323	877	9	note	note	NOUN
ftr-323	877	10	60	60	NUM
ftr-323	877	11	,	,	PUNCT
ftr-323	877	12	at	at	ADP
ftr-323	877	13	22	22	NUM
ftr-323	877	14	.	.	PUNCT
ftr-323	878	1	154	154	NUM
ftr-323	878	2	.	.	PUNCT
ftr-323	879	1	see	see	VERB
ftr-323	879	2	president	president	PROPN
ftr-323	879	3	’s	’s	PART
ftr-323	879	4	tax	tax	NOUN
ftr-323	879	5	reform	reform	NOUN
ftr-323	879	6	advisory	advisory	ADJ
ftr-323	879	7	panel	panel	NOUN
ftr-323	879	8	,	,	PUNCT
ftr-323	879	9	supra	supra	PROPN
ftr-323	879	10	note	note	PROPN
ftr-323	879	11	108	108	NUM
ftr-323	879	12	,	,	PUNCT
ftr-323	879	13	at	at	ADP
ftr-323	879	14	106	106	NUM
ftr-323	879	15	.	.	PUNCT
ftr-323	880	1	155	155	NUM
ftr-323	880	2	.	.	PUNCT
ftr-323	880	3	see	see	VERB
ftr-323	880	4	staff	staff	NOUN
ftr-323	880	5	of	of	ADP
ftr-323	880	6	joint	joint	ADJ
ftr-323	880	7	comm	comm	NOUN
ftr-323	880	8	.	.	PUNCT
ftr-323	881	1	,	,	PUNCT
ftr-323	881	2	options	option	NOUN
ftr-323	881	3	,	,	PUNCT
ftr-323	881	4	supra	supra	PROPN
ftr-323	881	5	note	note	NOUN
ftr-323	881	6	41	41	NUM
ftr-323	881	7	,	,	PUNCT
ftr-323	881	8	at	at	ADP
ftr-323	881	9	191	191	NUM
ftr-323	881	10	.	.	PUNCT
ftr-323	881	11	156	156	NUM
ftr-323	881	12	.	.	PUNCT
ftr-323	882	1	this	this	PRON
ftr-323	882	2	assumes	assume	VERB
ftr-323	882	3	that	that	SCONJ
ftr-323	882	4	section	section	NOUN
ftr-323	882	5	904(f)(5	904(f)(5	PROPN
ftr-323	882	6	)	)	PUNCT
ftr-323	882	7	,	,	PUNCT
ftr-323	882	8	which	which	PRON
ftr-323	882	9	allows	allow	VERB
ftr-323	882	10	overall	overall	ADJ
ftr-323	882	11	foreign	foreign	ADJ
ftr-323	882	12	losses	loss	NOUN
ftr-323	882	13	to	to	PART
ftr-323	882	14	be	be	AUX
ftr-323	882	15	deducted	deduct	VERB
ftr-323	882	16	against	against	ADP
ftr-323	882	17	u.s	u.s	PROPN
ftr-323	882	18	.	.	PROPN
ftr-323	882	19	source	source	NOUN
ftr-323	882	20	income	income	NOUN
ftr-323	882	21	,	,	PUNCT
ftr-323	882	22	is	be	AUX
ftr-323	882	23	repealed	repeal	VERB
ftr-323	882	24	.	.	PUNCT
ftr-323	882	25	2012	2012	NUM
ftr-323	882	26	]	]	PUNCT
ftr-323	883	1	exemption	exemption	NOUN
ftr-323	883	2	when	when	SCONJ
ftr-323	883	3	the	the	DET
ftr-323	883	4	treasury	treasury	NOUN
ftr-323	883	5	is	be	AUX
ftr-323	883	6	empty	empty	ADJ
ftr-323	883	7	443	443	NUM
ftr-323	883	8	the	the	DET
ftr-323	883	9	sale	sale	NOUN
ftr-323	883	10	of	of	ADP
ftr-323	883	11	property	property	NOUN
ftr-323	883	12	,	,	PUNCT
ftr-323	883	13	separating	separate	VERB
ftr-323	883	14	the	the	DET
ftr-323	883	15	branch	branch	NOUN
ftr-323	883	16	essentially	essentially	ADV
ftr-323	883	17	transforms	transform	VERB
ftr-323	883	18	what	what	PRON
ftr-323	883	19	would	would	AUX
ftr-323	883	20	be	be	AUX
ftr-323	883	21	a	a	DET
ftr-323	883	22	sale	sale	NOUN
ftr-323	883	23	by	by	ADP
ftr-323	883	24	the	the	DET
ftr-323	883	25	branch	branch	NOUN
ftr-323	883	26	with	with	ADP
ftr-323	883	27	an	an	DET
ftr-323	883	28	embedded	embed	VERB
ftr-323	883	29	intangible	intangible	NOUN
ftr-323	883	30	into	into	ADP
ftr-323	883	31	a	a	DET
ftr-323	883	32	sale	sale	NOUN
ftr-323	883	33	with	with	ADP
ftr-323	883	34	a	a	DET
ftr-323	883	35	royalty	royalty	NOUN
ftr-323	883	36	back	back	ADV
ftr-323	883	37	to	to	ADP
ftr-323	883	38	the	the	DET
ftr-323	883	39	home	home	NOUN
ftr-323	883	40	office	office	NOUN
ftr-323	883	41	.	.	PUNCT
ftr-323	884	1	cash	cash	NOUN
ftr-323	884	2	transfers	transfer	NOUN
ftr-323	884	3	from	from	ADP
ftr-323	884	4	the	the	DET
ftr-323	884	5	branch	branch	NOUN
ftr-323	884	6	to	to	ADP
ftr-323	884	7	corporate	corporate	ADJ
ftr-323	884	8	headquarters	headquarter	NOUN
ftr-323	884	9	will	will	AUX
ftr-323	884	10	have	have	VERB
ftr-323	884	11	to	to	PART
ftr-323	884	12	be	be	AUX
ftr-323	884	13	characterized	characterize	VERB
ftr-323	884	14	as	as	ADP
ftr-323	884	15	exempt	exempt	ADJ
ftr-323	884	16	distributions	distribution	NOUN
ftr-323	884	17	,	,	PUNCT
ftr-323	884	18	taxable	taxable	ADJ
ftr-323	884	19	rents	rent	NOUN
ftr-323	884	20	,	,	PUNCT
ftr-323	884	21	royalties	royalty	NOUN
ftr-323	884	22	,	,	PUNCT
ftr-323	884	23	or	or	CCONJ
ftr-323	884	24	service	service	NOUN
ftr-323	884	25	fees.157	fees.157	NOUN
ftr-323	884	26	the	the	DET
ftr-323	884	27	effort	effort	NOUN
ftr-323	884	28	to	to	PART
ftr-323	884	29	conform	conform	VERB
ftr-323	884	30	transfer	transfer	NOUN
ftr-323	884	31	pricing	pricing	NOUN
ftr-323	884	32	with	with	ADP
ftr-323	884	33	a	a	DET
ftr-323	884	34	branch	branch	NOUN
ftr-323	884	35	to	to	ADP
ftr-323	884	36	that	that	PRON
ftr-323	884	37	with	with	SCONJ
ftr-323	884	38	a	a	DET
ftr-323	884	39	subsidiary	subsidiary	NOUN
ftr-323	884	40	is	be	AUX
ftr-323	884	41	consistent	consistent	ADJ
ftr-323	884	42	with	with	ADP
ftr-323	884	43	the	the	DET
ftr-323	884	44	oecd	oecd	PROPN
ftr-323	884	45	’s	’s	PART
ftr-323	884	46	effort	effort	NOUN
ftr-323	884	47	to	to	PART
ftr-323	884	48	achieve	achieve	VERB
ftr-323	884	49	that	that	DET
ftr-323	884	50	result.158	result.158	NOUN
ftr-323	884	51	what	what	PRON
ftr-323	884	52	if	if	SCONJ
ftr-323	884	53	usco	usco	PROPN
ftr-323	884	54	forms	form	VERB
ftr-323	884	55	a	a	DET
ftr-323	884	56	wholly	wholly	ADV
ftr-323	884	57	owned	own	VERB
ftr-323	884	58	u.s	u.s	PROPN
ftr-323	884	59	.	.	PROPN
ftr-323	884	60	subsidiary	subsidiary	NOUN
ftr-323	884	61	,	,	PUNCT
ftr-323	884	62	ds	ds	ADJ
ftr-323	884	63	,	,	PUNCT
ftr-323	884	64	and	and	CCONJ
ftr-323	884	65	then	then	ADV
ftr-323	884	66	forms	form	VERB
ftr-323	884	67	a	a	DET
ftr-323	884	68	partnership	partnership	NOUN
ftr-323	884	69	to	to	PART
ftr-323	884	70	operate	operate	VERB
ftr-323	884	71	the	the	DET
ftr-323	884	72	lowtaxia	lowtaxia	ADJ
ftr-323	884	73	branch	branch	NOUN
ftr-323	884	74	with	with	ADP
ftr-323	884	75	usco	usco	PROPN
ftr-323	884	76	having	have	VERB
ftr-323	884	77	a	a	DET
ftr-323	884	78	99	99	NUM
ftr-323	884	79	percent	percent	NOUN
ftr-323	884	80	interest	interest	NOUN
ftr-323	884	81	in	in	ADP
ftr-323	884	82	the	the	DET
ftr-323	884	83	partnership	partnership	NOUN
ftr-323	884	84	and	and	CCONJ
ftr-323	884	85	ds	ds	NOUN
ftr-323	884	86	holding	hold	VERB
ftr-323	884	87	the	the	DET
ftr-323	884	88	other	other	ADJ
ftr-323	884	89	1	1	NUM
ftr-323	884	90	percent?159	percent?159	NOUN
ftr-323	884	91	should	should	AUX
ftr-323	884	92	a	a	DET
ftr-323	884	93	taxpayer	taxpayer	NOUN
ftr-323	884	94	be	be	AUX
ftr-323	884	95	allowed	allow	VERB
ftr-323	884	96	to	to	PART
ftr-323	884	97	use	use	VERB
ftr-323	884	98	this	this	DET
ftr-323	884	99	self	self	NOUN
ftr-323	884	100	-	-	PUNCT
ftr-323	884	101	help	help	NOUN
ftr-323	884	102	to	to	PART
ftr-323	884	103	achieve	achieve	VERB
ftr-323	884	104	pass	pass	VERB
ftr-323	884	105	-	-	PUNCT
ftr-323	884	106	through	through	ADP
ftr-323	884	107	treatment	treatment	NOUN
ftr-323	884	108	instead	instead	ADV
ftr-323	884	109	of	of	ADP
ftr-323	884	110	foreign	foreign	ADJ
ftr-323	884	111	subsidiary	subsidiary	NOUN
ftr-323	884	112	treatment	treatment	NOUN
ftr-323	884	113	?	?	PUNCT
ftr-323	885	1	the	the	DET
ftr-323	885	2	u.s	u.s	PROPN
ftr-323	885	3	.	.	PROPN
ftr-323	885	4	exemption	exemption	NOUN
ftr-323	885	5	system	system	NOUN
ftr-323	885	6	could	could	AUX
ftr-323	885	7	be	be	AUX
ftr-323	885	8	structured	structure	VERB
ftr-323	885	9	to	to	PART
ftr-323	885	10	deny	deny	VERB
ftr-323	885	11	its	its	PRON
ftr-323	885	12	benefit	benefit	NOUN
ftr-323	885	13	to	to	ADP
ftr-323	885	14	the	the	DET
ftr-323	885	15	u.s	u.s	PROPN
ftr-323	885	16	.	.	PROPN
ftr-323	885	17	partners	partner	NOUN
ftr-323	885	18	’	'	PUNCT
ftr-323	885	19	share	share	NOUN
ftr-323	885	20	of	of	ADP
ftr-323	885	21	foreign	foreign	ADJ
ftr-323	885	22	passive	passive	ADJ
ftr-323	885	23	income	income	NOUN
ftr-323	885	24	and	and	CCONJ
ftr-323	885	25	low	low	ADV
ftr-323	885	26	-	-	PUNCT
ftr-323	885	27	taxed	tax	VERB
ftr-323	885	28	foreign	foreign	ADJ
ftr-323	885	29	income	income	NOUN
ftr-323	885	30	and	and	CCONJ
ftr-323	885	31	to	to	PART
ftr-323	885	32	prohibit	prohibit	VERB
ftr-323	885	33	overall	overall	ADJ
ftr-323	885	34	foreign	foreign	ADJ
ftr-323	885	35	losses	loss	NOUN
ftr-323	885	36	from	from	ADP
ftr-323	885	37	being	be	AUX
ftr-323	885	38	deducted	deduct	VERB
ftr-323	885	39	against	against	ADP
ftr-323	885	40	the	the	DET
ftr-323	885	41	u.s	u.s	PROPN
ftr-323	885	42	.	.	PROPN
ftr-323	885	43	partners	partner	NOUN
ftr-323	885	44	’	'	PUNCT
ftr-323	885	45	domestic	domestic	PROPN
ftr-323	885	46	income.160	income.160	NOUN
ftr-323	885	47	in	in	ADP
ftr-323	885	48	addition	addition	NOUN
ftr-323	885	49	,	,	PUNCT
ftr-323	885	50	the	the	DET
ftr-323	885	51	existence	existence	NOUN
ftr-323	885	52	of	of	ADP
ftr-323	885	53	a	a	DET
ftr-323	885	54	partnership	partnership	NOUN
ftr-323	885	55	would	would	AUX
ftr-323	885	56	require	require	VERB
ftr-323	885	57	the	the	DET
ftr-323	885	58	identification	identification	NOUN
ftr-323	885	59	of	of	ADP
ftr-323	885	60	rents	rent	NOUN
ftr-323	885	61	,	,	PUNCT
ftr-323	885	62	royalties	royalty	NOUN
ftr-323	885	63	,	,	PUNCT
ftr-323	885	64	or	or	CCONJ
ftr-323	885	65	service	service	NOUN
ftr-323	885	66	fees	fee	NOUN
ftr-323	885	67	,	,	PUNCT
ftr-323	885	68	achieving	achieve	VERB
ftr-323	885	69	part	part	NOUN
ftr-323	885	70	of	of	ADP
ftr-323	885	71	the	the	DET
ftr-323	885	72	objective	objective	NOUN
ftr-323	885	73	of	of	ADP
ftr-323	885	74	the	the	DET
ftr-323	885	75	deemed	deem	VERB
ftr-323	885	76	cfc	cfc	PROPN
ftr-323	885	77	rule	rule	NOUN
ftr-323	885	78	.	.	PUNCT
ftr-323	886	1	moreover	moreover	ADV
ftr-323	886	2	,	,	PUNCT
ftr-323	886	3	in	in	ADP
ftr-323	886	4	an	an	DET
ftr-323	886	5	exemption	exemption	NOUN
ftr-323	886	6	system	system	NOUN
ftr-323	886	7	,	,	PUNCT
ftr-323	886	8	it	it	PRON
ftr-323	886	9	will	will	AUX
ftr-323	886	10	be	be	AUX
ftr-323	886	11	necessary	necessary	ADJ
ftr-323	886	12	to	to	PART
ftr-323	886	13	apply	apply	VERB
ftr-323	886	14	section	section	NOUN
ftr-323	886	15	367	367	NUM
ftr-323	886	16	-	-	PUNCT
ftr-323	886	17	type	type	NOUN
ftr-323	886	18	principles	principle	NOUN
ftr-323	886	19	(	(	PUNCT
ftr-323	886	20	including	include	VERB
ftr-323	886	21	the	the	DET
ftr-323	886	22	section	section	NOUN
ftr-323	886	23	367(d	367(d	NUM
ftr-323	886	24	)	)	PUNCT
ftr-323	886	25	rules	rule	NOUN
ftr-323	886	26	for	for	ADP
ftr-323	886	27	intangibles	intangible	NOUN
ftr-323	886	28	)	)	PUNCT
ftr-323	886	29	with	with	ADP
ftr-323	886	30	respect	respect	NOUN
ftr-323	886	31	to	to	ADP
ftr-323	886	32	transfers	transfer	NOUN
ftr-323	886	33	to	to	ADP
ftr-323	886	34	a	a	DET
ftr-323	886	35	domestic	domestic	ADJ
ftr-323	886	36	or	or	CCONJ
ftr-323	886	37	foreign	foreign	ADJ
ftr-323	886	38	partnership	partnership	NOUN
ftr-323	886	39	that	that	PRON
ftr-323	886	40	has	have	VERB
ftr-323	886	41	a	a	DET
ftr-323	886	42	foreign	foreign	ADJ
ftr-323	886	43	trade	trade	NOUN
ftr-323	886	44	or	or	CCONJ
ftr-323	886	45	business	business	NOUN
ftr-323	886	46	.	.	PUNCT
ftr-323	887	1	if	if	SCONJ
ftr-323	887	2	these	these	DET
ftr-323	887	3	protections	protection	NOUN
ftr-323	887	4	are	be	AUX
ftr-323	887	5	present	present	ADJ
ftr-323	887	6	,	,	PUNCT
ftr-323	887	7	a	a	DET
ftr-323	887	8	taxpayer	taxpayer	NOUN
ftr-323	887	9	should	should	AUX
ftr-323	887	10	be	be	AUX
ftr-323	887	11	permitted	permit	VERB
ftr-323	887	12	to	to	PART
ftr-323	887	13	use	use	VERB
ftr-323	887	14	“	"	PUNCT
ftr-323	887	15	self	self	NOUN
ftr-323	887	16	-	-	PUNCT
ftr-323	887	17	help	help	NOUN
ftr-323	887	18	”	"	PUNCT
ftr-323	887	19	to	to	PART
ftr-323	887	20	cause	cause	VERB
ftr-323	887	21	a	a	DET
ftr-323	887	22	branch	branch	NOUN
ftr-323	887	23	to	to	PART
ftr-323	887	24	be	be	AUX
ftr-323	887	25	held	hold	VERB
ftr-323	887	26	by	by	ADP
ftr-323	887	27	a	a	DET
ftr-323	887	28	partnership.161	partnership.161	NOUN
ftr-323	887	29	the	the	DET
ftr-323	887	30	second	second	ADJ
ftr-323	887	31	approach	approach	NOUN
ftr-323	887	32	to	to	ADP
ftr-323	887	33	proper	proper	ADJ
ftr-323	887	34	treatment	treatment	NOUN
ftr-323	887	35	of	of	ADP
ftr-323	887	36	a	a	DET
ftr-323	887	37	foreign	foreign	ADJ
ftr-323	887	38	branch	branch	NOUN
ftr-323	887	39	is	be	AUX
ftr-323	887	40	to	to	PART
ftr-323	887	41	characterize	characterize	VERB
ftr-323	887	42	it	it	PRON
ftr-323	887	43	as	as	ADP
ftr-323	887	44	a	a	DET
ftr-323	887	45	disregarded	disregarded	ADJ
ftr-323	887	46	entity,162	entity,162	NOUN
ftr-323	887	47	but	but	CCONJ
ftr-323	887	48	deny	deny	VERB
ftr-323	887	49	the	the	DET
ftr-323	887	50	u.s	u.s	PROPN
ftr-323	887	51	.	.	PROPN
ftr-323	887	52	exemption	exemption	NOUN
ftr-323	887	53	to	to	ADP
ftr-323	887	54	the	the	DET
ftr-323	887	55	branch	branch	NOUN
ftr-323	887	56	’s	’s	PART
ftr-323	887	57	foreign	foreign	ADJ
ftr-323	887	58	-	-	PUNCT
ftr-323	887	59	source	source	NOUN
ftr-323	887	60	passive	passive	ADJ
ftr-323	887	61	and	and	CCONJ
ftr-323	887	62	low	low	ADV
ftr-323	887	63	-	-	PUNCT
ftr-323	887	64	taxed	tax	VERB
ftr-323	887	65	income	income	NOUN
ftr-323	887	66	,	,	PUNCT
ftr-323	887	67	and	and	CCONJ
ftr-323	887	68	prohibit	prohibit	VERB
ftr-323	887	69	deduction	deduction	NOUN
ftr-323	887	70	of	of	ADP
ftr-323	887	71	the	the	DET
ftr-323	887	72	branch	branch	NOUN
ftr-323	887	73	’s	’s	PART
ftr-323	887	74	overall	overall	ADJ
ftr-323	887	75	foreign	foreign	ADJ
ftr-323	887	76	losses	loss	NOUN
ftr-323	887	77	against	against	ADP
ftr-323	887	78	usco	usco	PROPN
ftr-323	887	79	’s	’s	PART
ftr-323	887	80	u.s.-source	u.s.-source	NOUN
ftr-323	887	81	157	157	NUM
ftr-323	887	82	.	.	PUNCT
ftr-323	888	1	see	see	VERB
ftr-323	888	2	gravelle	gravelle	NOUN
ftr-323	888	3	,	,	PUNCT
ftr-323	888	4	options	option	NOUN
ftr-323	888	5	and	and	CCONJ
ftr-323	888	6	challenges	challenge	NOUN
ftr-323	888	7	,	,	PUNCT
ftr-323	888	8	supra	supra	PROPN
ftr-323	888	9	note	note	NOUN
ftr-323	888	10	151	151	NUM
ftr-323	888	11	,	,	PUNCT
ftr-323	888	12	at	at	ADP
ftr-323	888	13	35–36	35–36	NUM
ftr-323	888	14	.	.	PUNCT
ftr-323	889	1	the	the	DET
ftr-323	889	2	bush	bush	PROPN
ftr-323	889	3	tax	tax	PROPN
ftr-323	889	4	reform	reform	PROPN
ftr-323	889	5	advisory	advisory	ADJ
ftr-323	889	6	panel	panel	NOUN
ftr-323	889	7	report	report	NOUN
ftr-323	889	8	noted	note	VERB
ftr-323	889	9	that	that	SCONJ
ftr-323	889	10	under	under	ADP
ftr-323	889	11	its	its	PRON
ftr-323	889	12	exemption	exemption	NOUN
ftr-323	889	13	proposal	proposal	NOUN
ftr-323	889	14	,	,	PUNCT
ftr-323	889	15	royalty	royalty	NOUN
ftr-323	889	16	income	income	NOUN
ftr-323	889	17	would	would	AUX
ftr-323	889	18	have	have	VERB
ftr-323	889	19	to	to	PART
ftr-323	889	20	be	be	AUX
ftr-323	889	21	imputed	impute	VERB
ftr-323	889	22	to	to	ADP
ftr-323	889	23	foreign	foreign	ADJ
ftr-323	889	24	branches	branch	NOUN
ftr-323	889	25	.	.	PUNCT
ftr-323	890	1	president	president	PROPN
ftr-323	890	2	’s	’s	PART
ftr-323	890	3	tax	tax	NOUN
ftr-323	890	4	reform	reform	NOUN
ftr-323	890	5	advisory	advisory	ADJ
ftr-323	890	6	panel	panel	NOUN
ftr-323	890	7	,	,	PUNCT
ftr-323	890	8	supra	supra	PROPN
ftr-323	890	9	note	note	PROPN
ftr-323	890	10	108	108	NUM
ftr-323	890	11	,	,	PUNCT
ftr-323	890	12	at	at	ADP
ftr-323	890	13	240	240	NUM
ftr-323	890	14	.	.	NOUN
ftr-323	890	15	158	158	NUM
ftr-323	890	16	.	.	PUNCT
ftr-323	891	1	see	see	VERB
ftr-323	891	2	oecd	oecd	PROPN
ftr-323	891	3	,	,	PUNCT
ftr-323	891	4	model	model	NOUN
ftr-323	891	5	tax	tax	NOUN
ftr-323	891	6	convention	convention	NOUN
ftr-323	891	7	on	on	ADP
ftr-323	891	8	income	income	NOUN
ftr-323	891	9	and	and	CCONJ
ftr-323	891	10	capital	capital	NOUN
ftr-323	891	11	,	,	PUNCT
ftr-323	891	12	art	art	NOUN
ftr-323	891	13	.	.	PUNCT
ftr-323	892	1	7	7	NUM
ftr-323	892	2	,	,	PUNCT
ftr-323	892	3	§	§	PROPN
ftr-323	892	4	2	2	NUM
ftr-323	892	5	(	(	PUNCT
ftr-323	892	6	2010	2010	NUM
ftr-323	892	7	)	)	PUNCT
ftr-323	892	8	.	.	PUNCT
ftr-323	893	1	159	159	NUM
ftr-323	893	2	.	.	PUNCT
ftr-323	894	1	see	see	VERB
ftr-323	894	2	,	,	PUNCT
ftr-323	894	3	e.g.	e.g.	ADV
ftr-323	894	4	,	,	PUNCT
ftr-323	894	5	gravelle	gravelle	NOUN
ftr-323	894	6	,	,	PUNCT
ftr-323	894	7	options	option	NOUN
ftr-323	894	8	and	and	CCONJ
ftr-323	894	9	challenges	challenge	NOUN
ftr-323	894	10	,	,	PUNCT
ftr-323	894	11	supra	supra	PROPN
ftr-323	894	12	note	note	NOUN
ftr-323	894	13	151	151	NUM
ftr-323	894	14	,	,	PUNCT
ftr-323	894	15	at	at	ADP
ftr-323	894	16	35	35	NUM
ftr-323	894	17	.	.	PUNCT
ftr-323	894	18	160	160	NUM
ftr-323	894	19	.	.	PUNCT
ftr-323	895	1	the	the	DET
ftr-323	895	2	ways	way	NOUN
ftr-323	895	3	and	and	CCONJ
ftr-323	895	4	means	mean	VERB
ftr-323	895	5	discussion	discussion	NOUN
ftr-323	895	6	draft	draft	NOUN
ftr-323	895	7	delegates	delegate	NOUN
ftr-323	895	8	these	these	DET
ftr-323	895	9	issues	issue	NOUN
ftr-323	895	10	to	to	PART
ftr-323	895	11	treasury	treasury	VERB
ftr-323	895	12	to	to	PART
ftr-323	895	13	solve	solve	VERB
ftr-323	895	14	in	in	ADP
ftr-323	895	15	regulations	regulation	NOUN
ftr-323	895	16	,	,	PUNCT
ftr-323	895	17	ways	way	NOUN
ftr-323	895	18	&	&	CCONJ
ftr-323	895	19	means	mean	VERB
ftr-323	895	20	technical	technical	ADJ
ftr-323	895	21	explanation	explanation	NOUN
ftr-323	895	22	,	,	PUNCT
ftr-323	895	23	supra	supra	PROPN
ftr-323	895	24	note	note	NOUN
ftr-323	895	25	60	60	NUM
ftr-323	895	26	,	,	PUNCT
ftr-323	895	27	at	at	ADP
ftr-323	895	28	22	22	NUM
ftr-323	895	29	,	,	PUNCT
ftr-323	895	30	but	but	CCONJ
ftr-323	895	31	it	it	PRON
ftr-323	895	32	seems	seem	VERB
ftr-323	895	33	to	to	ADP
ftr-323	895	34	us	we	PRON
ftr-323	895	35	that	that	SCONJ
ftr-323	895	36	many	many	ADJ
ftr-323	895	37	of	of	ADP
ftr-323	895	38	these	these	DET
ftr-323	895	39	questions	question	NOUN
ftr-323	895	40	need	need	VERB
ftr-323	895	41	to	to	PART
ftr-323	895	42	be	be	AUX
ftr-323	895	43	resolved	resolve	VERB
ftr-323	895	44	by	by	ADP
ftr-323	895	45	congress	congress	PROPN
ftr-323	895	46	in	in	ADP
ftr-323	895	47	the	the	DET
ftr-323	895	48	statute	statute	NOUN
ftr-323	895	49	itself	itself	PRON
ftr-323	895	50	.	.	PUNCT
ftr-323	896	1	161	161	NUM
ftr-323	896	2	.	.	PUNCT
ftr-323	897	1	this	this	DET
ftr-323	897	2	approach	approach	NOUN
ftr-323	897	3	possibly	possibly	ADV
ftr-323	897	4	could	could	AUX
ftr-323	897	5	be	be	AUX
ftr-323	897	6	extended	extend	VERB
ftr-323	897	7	to	to	ADP
ftr-323	897	8	a	a	DET
ftr-323	897	9	foreign	foreign	ADJ
ftr-323	897	10	legal	legal	ADJ
ftr-323	897	11	entity	entity	NOUN
ftr-323	897	12	that	that	PRON
ftr-323	897	13	is	be	AUX
ftr-323	897	14	treated	treat	VERB
ftr-323	897	15	as	as	ADP
ftr-323	897	16	a	a	DET
ftr-323	897	17	disregarded	disregarded	ADJ
ftr-323	897	18	entity	entity	NOUN
ftr-323	897	19	under	under	ADP
ftr-323	897	20	the	the	DET
ftr-323	897	21	u.s	u.s	PROPN
ftr-323	897	22	.	.	PROPN
ftr-323	897	23	check	check	PROPN
ftr-323	897	24	-	-	PUNCT
ftr-323	897	25	the	the	DET
ftr-323	897	26	-	-	PUNCT
ftr-323	897	27	box	box	NOUN
ftr-323	897	28	entity	entity	NOUN
ftr-323	897	29	classification	classification	NOUN
ftr-323	897	30	regulations	regulation	NOUN
ftr-323	897	31	,	,	PUNCT
ftr-323	897	32	provided	provide	VERB
ftr-323	897	33	that	that	SCONJ
ftr-323	897	34	the	the	DET
ftr-323	897	35	disregarded	disregarded	ADJ
ftr-323	897	36	entity	entity	NOUN
ftr-323	897	37	is	be	AUX
ftr-323	897	38	treated	treat	VERB
ftr-323	897	39	in	in	ADP
ftr-323	897	40	the	the	DET
ftr-323	897	41	same	same	ADJ
ftr-323	897	42	way	way	NOUN
ftr-323	897	43	described	describe	VERB
ftr-323	897	44	in	in	ADP
ftr-323	897	45	the	the	DET
ftr-323	897	46	text	text	NOUN
ftr-323	897	47	above	above	ADV
ftr-323	897	48	for	for	ADP
ftr-323	897	49	a	a	DET
ftr-323	897	50	partnership	partnership	NOUN
ftr-323	897	51	.	.	PUNCT
ftr-323	898	1	162	162	NUM
ftr-323	898	2	.	.	PUNCT
ftr-323	899	1	see	see	VERB
ftr-323	899	2	reg	reg	NOUN
ftr-323	899	3	.	.	PUNCT
ftr-323	900	1	§	§	PROPN
ftr-323	900	2	301.7701	301.7701	NUM
ftr-323	900	3	-	-	SYM
ftr-323	900	4	2(a	2(a	NUM
ftr-323	900	5	)	)	PUNCT
ftr-323	900	6	.	.	PUNCT
ftr-323	901	1	444	444	NUM
ftr-323	901	2	florida	florida	PROPN
ftr-323	901	3	tax	tax	NOUN
ftr-323	901	4	review	review	NOUN
ftr-323	901	5	[	[	X
ftr-323	901	6	vol	vol	NOUN
ftr-323	901	7	.	.	PUNCT
ftr-323	901	8	13:8	13:8	NUM
ftr-323	901	9	income.163	income.163	VERB
ftr-323	901	10	this	this	DET
ftr-323	901	11	approach	approach	NOUN
ftr-323	901	12	,	,	PUNCT
ftr-323	901	13	however	however	ADV
ftr-323	901	14	,	,	PUNCT
ftr-323	901	15	would	would	AUX
ftr-323	901	16	require	require	VERB
ftr-323	901	17	that	that	SCONJ
ftr-323	901	18	costs	cost	NOUN
ftr-323	901	19	be	be	AUX
ftr-323	901	20	allocated	allocate	VERB
ftr-323	901	21	between	between	ADP
ftr-323	901	22	usco	usco	PROPN
ftr-323	901	23	’s	’s	PART
ftr-323	901	24	headquarters	headquarters	NOUN
ftr-323	901	25	and	and	CCONJ
ftr-323	901	26	the	the	DET
ftr-323	901	27	branch	branch	NOUN
ftr-323	901	28	,	,	PUNCT
ftr-323	901	29	and	and	CCONJ
ftr-323	901	30	that	that	SCONJ
ftr-323	901	31	the	the	DET
ftr-323	901	32	branch	branch	NOUN
ftr-323	901	33	’s	’s	PART
ftr-323	901	34	share	share	NOUN
ftr-323	901	35	of	of	ADP
ftr-323	901	36	the	the	DET
ftr-323	901	37	costs	cost	NOUN
ftr-323	901	38	then	then	ADV
ftr-323	901	39	be	be	AUX
ftr-323	901	40	allocated	allocate	VERB
ftr-323	901	41	between	between	ADP
ftr-323	901	42	income	income	NOUN
ftr-323	901	43	qualifying	qualify	VERB
ftr-323	901	44	for	for	ADP
ftr-323	901	45	exemption	exemption	NOUN
ftr-323	901	46	and	and	CCONJ
ftr-323	901	47	disqualified	disqualify	VERB
ftr-323	901	48	income	income	NOUN
ftr-323	901	49	.	.	PUNCT
ftr-323	902	1	similar	similar	ADJ
ftr-323	902	2	allocations	allocation	NOUN
ftr-323	902	3	have	have	VERB
ftr-323	902	4	to	to	PART
ftr-323	902	5	be	be	AUX
ftr-323	902	6	made	make	VERB
ftr-323	902	7	under	under	ADP
ftr-323	902	8	current	current	ADJ
ftr-323	902	9	u.s	u.s	PROPN
ftr-323	902	10	.	.	PROPN
ftr-323	902	11	law	law	NOUN
ftr-323	902	12	for	for	ADP
ftr-323	902	13	foreign	foreign	ADJ
ftr-323	902	14	tax	tax	NOUN
ftr-323	902	15	credit	credit	NOUN
ftr-323	902	16	purposes.164	purposes.164	NOUN
ftr-323	902	17	more	more	ADV
ftr-323	902	18	importantly	importantly	ADV
ftr-323	902	19	,	,	PUNCT
ftr-323	902	20	there	there	PRON
ftr-323	902	21	would	would	AUX
ftr-323	902	22	usually	usually	ADV
ftr-323	902	23	be	be	AUX
ftr-323	902	24	a	a	DET
ftr-323	902	25	treaty	treaty	NOUN
ftr-323	902	26	between	between	ADP
ftr-323	902	27	the	the	DET
ftr-323	902	28	u.s	u.s	PROPN
ftr-323	902	29	.	.	PROPN
ftr-323	902	30	and	and	CCONJ
ftr-323	902	31	the	the	DET
ftr-323	902	32	country	country	NOUN
ftr-323	902	33	where	where	SCONJ
ftr-323	902	34	the	the	DET
ftr-323	902	35	branch	branch	NOUN
ftr-323	902	36	was	be	AUX
ftr-323	902	37	located	locate	VERB
ftr-323	902	38	and	and	CCONJ
ftr-323	902	39	the	the	DET
ftr-323	902	40	branch	branch	NOUN
ftr-323	902	41	would	would	AUX
ftr-323	902	42	usually	usually	ADV
ftr-323	902	43	be	be	AUX
ftr-323	902	44	a	a	DET
ftr-323	902	45	permanent	permanent	ADJ
ftr-323	902	46	establishment	establishment	NOUN
ftr-323	902	47	for	for	ADP
ftr-323	902	48	treaty	treaty	NOUN
ftr-323	902	49	purposes.165	purposes.165	PROPN
ftr-323	902	50	consequently	consequently	ADV
ftr-323	902	51	,	,	PUNCT
ftr-323	902	52	allocations	allocation	NOUN
ftr-323	902	53	between	between	ADP
ftr-323	902	54	headquarters	headquarters	NOUN
ftr-323	902	55	and	and	CCONJ
ftr-323	902	56	the	the	DET
ftr-323	902	57	branch	branch	NOUN
ftr-323	902	58	would	would	AUX
ftr-323	902	59	typically	typically	ADV
ftr-323	902	60	be	be	AUX
ftr-323	902	61	governed	govern	VERB
ftr-323	902	62	by	by	ADP
ftr-323	902	63	established	establish	VERB
ftr-323	902	64	principles	principle	NOUN
ftr-323	902	65	of	of	ADP
ftr-323	902	66	treaty	treaty	NOUN
ftr-323	902	67	law.166	law.166	VERB
ftr-323	902	68	thus	thus	ADV
ftr-323	902	69	,	,	PUNCT
ftr-323	902	70	the	the	DET
ftr-323	902	71	disregarded	disregarded	ADJ
ftr-323	902	72	entity	entity	NOUN
ftr-323	902	73	approach	approach	NOUN
ftr-323	902	74	to	to	ADP
ftr-323	902	75	structuring	structure	VERB
ftr-323	902	76	an	an	DET
ftr-323	902	77	exemption	exemption	NOUN
ftr-323	902	78	system	system	NOUN
ftr-323	902	79	may	may	AUX
ftr-323	902	80	not	not	PART
ftr-323	902	81	be	be	AUX
ftr-323	902	82	worse	bad	ADJ
ftr-323	902	83	for	for	ADP
ftr-323	902	84	taxpayers	taxpayer	NOUN
ftr-323	902	85	than	than	ADP
ftr-323	902	86	current	current	ADJ
ftr-323	902	87	law	law	NOUN
ftr-323	902	88	regarding	regard	VERB
ftr-323	902	89	cost	cost	NOUN
ftr-323	902	90	allocations	allocation	NOUN
ftr-323	902	91	but	but	CCONJ
ftr-323	902	92	it	it	PRON
ftr-323	902	93	certainly	certainly	ADV
ftr-323	902	94	will	will	AUX
ftr-323	902	95	not	not	PART
ftr-323	902	96	be	be	AUX
ftr-323	902	97	simple	simple	ADJ
ftr-323	902	98	.	.	PUNCT
ftr-323	903	1	indeed	indeed	ADV
ftr-323	903	2	,	,	PUNCT
ftr-323	903	3	the	the	DET
ftr-323	903	4	disregarded	disregarded	ADJ
ftr-323	903	5	entity	entity	NOUN
ftr-323	903	6	approach	approach	NOUN
ftr-323	903	7	would	would	AUX
ftr-323	903	8	be	be	AUX
ftr-323	903	9	better	well	ADJ
ftr-323	903	10	for	for	ADP
ftr-323	903	11	taxpayers	taxpayer	NOUN
ftr-323	903	12	if	if	SCONJ
ftr-323	903	13	they	they	PRON
ftr-323	903	14	are	be	AUX
ftr-323	903	15	allowed	allow	VERB
ftr-323	903	16	to	to	PART
ftr-323	903	17	make	make	VERB
ftr-323	903	18	sales	sale	NOUN
ftr-323	903	19	through	through	ADP
ftr-323	903	20	the	the	DET
ftr-323	903	21	branch	branch	NOUN
ftr-323	903	22	using	use	VERB
ftr-323	903	23	a	a	DET
ftr-323	903	24	home	home	NOUN
ftr-323	903	25	office	office	NOUN
ftr-323	903	26	intangible	intangible	NOUN
ftr-323	903	27	without	without	ADP
ftr-323	903	28	charging	charge	VERB
ftr-323	903	29	a	a	DET
ftr-323	903	30	royalty	royalty	NOUN
ftr-323	903	31	to	to	ADP
ftr-323	903	32	the	the	DET
ftr-323	903	33	home	home	NOUN
ftr-323	903	34	office	office	NOUN
ftr-323	903	35	.	.	PUNCT
ftr-323	904	1	embedding	embed	VERB
ftr-323	904	2	the	the	DET
ftr-323	904	3	intangible	intangible	ADJ
ftr-323	904	4	return	return	NOUN
ftr-323	904	5	in	in	ADP
ftr-323	904	6	the	the	DET
ftr-323	904	7	cost	cost	NOUN
ftr-323	904	8	of	of	ADP
ftr-323	904	9	the	the	DET
ftr-323	904	10	product	product	NOUN
ftr-323	904	11	opens	open	VERB
ftr-323	904	12	the	the	DET
ftr-323	904	13	door	door	NOUN
ftr-323	904	14	to	to	ADP
ftr-323	904	15	avoiding	avoid	VERB
ftr-323	904	16	u.s	u.s	PROPN
ftr-323	904	17	.	.	PROPN
ftr-323	904	18	tax	tax	NOUN
ftr-323	904	19	on	on	ADP
ftr-323	904	20	the	the	DET
ftr-323	904	21	return	return	NOUN
ftr-323	904	22	to	to	ADP
ftr-323	904	23	the	the	DET
ftr-323	904	24	intangible	intangible	NOUN
ftr-323	904	25	held	hold	VERB
ftr-323	904	26	in	in	ADP
ftr-323	904	27	the	the	DET
ftr-323	904	28	united	united	PROPN
ftr-323	904	29	states	states	PROPN
ftr-323	904	30	and	and	CCONJ
ftr-323	904	31	is	be	AUX
ftr-323	904	32	one	one	NUM
ftr-323	904	33	reason	reason	NOUN
ftr-323	904	34	we	we	PRON
ftr-323	904	35	prefer	prefer	VERB
ftr-323	904	36	the	the	DET
ftr-323	904	37	deemed	deem	VERB
ftr-323	904	38	cfc	cfc	PROPN
ftr-323	904	39	approach	approach	NOUN
ftr-323	904	40	or	or	CCONJ
ftr-323	904	41	the	the	DET
ftr-323	904	42	use	use	NOUN
ftr-323	904	43	of	of	ADP
ftr-323	904	44	a	a	DET
ftr-323	904	45	regarded	regarded	ADJ
ftr-323	904	46	partnership	partnership	NOUN
ftr-323	904	47	.	.	PUNCT
ftr-323	905	1	regardless	regardless	ADV
ftr-323	905	2	of	of	ADP
ftr-323	905	3	whether	whether	SCONJ
ftr-323	905	4	usco	usco	PROPN
ftr-323	905	5	’s	’s	PART
ftr-323	905	6	lowtaxia	lowtaxia	ADJ
ftr-323	905	7	branch	branch	NOUN
ftr-323	905	8	is	be	AUX
ftr-323	905	9	regarded	regard	VERB
ftr-323	905	10	as	as	ADP
ftr-323	905	11	a	a	DET
ftr-323	905	12	wholly	wholly	ADV
ftr-323	905	13	owned	own	VERB
ftr-323	905	14	foreign	foreign	ADJ
ftr-323	905	15	subsidiary	subsidiary	NOUN
ftr-323	905	16	or	or	CCONJ
ftr-323	905	17	as	as	ADP
ftr-323	905	18	a	a	DET
ftr-323	905	19	disregarded	disregarded	ADJ
ftr-323	905	20	entity	entity	NOUN
ftr-323	905	21	,	,	PUNCT
ftr-323	905	22	the	the	DET
ftr-323	905	23	united	united	PROPN
ftr-323	905	24	states	states	PROPN
ftr-323	905	25	would	would	AUX
ftr-323	905	26	have	have	VERB
ftr-323	905	27	to	to	PART
ftr-323	905	28	decide	decide	VERB
ftr-323	905	29	whether	whether	SCONJ
ftr-323	905	30	its	its	PRON
ftr-323	905	31	exemption	exemption	NOUN
ftr-323	905	32	system	system	NOUN
ftr-323	905	33	would	would	AUX
ftr-323	905	34	treat	treat	VERB
ftr-323	905	35	asset	asset	NOUN
ftr-323	905	36	transfers	transfer	NOUN
ftr-323	905	37	by	by	ADP
ftr-323	905	38	usco	usco	NOUN
ftr-323	905	39	to	to	ADP
ftr-323	905	40	the	the	DET
ftr-323	905	41	branch	branch	NOUN
ftr-323	905	42	as	as	ADP
ftr-323	905	43	taxable	taxable	ADJ
ftr-323	905	44	events	event	NOUN
ftr-323	905	45	or	or	CCONJ
ftr-323	905	46	as	as	ADP
ftr-323	905	47	nonrecognition	nonrecognition	NOUN
ftr-323	905	48	transfers	transfer	NOUN
ftr-323	905	49	.	.	PUNCT
ftr-323	906	1	the	the	DET
ftr-323	906	2	current	current	ADJ
ftr-323	906	3	scope	scope	NOUN
ftr-323	906	4	of	of	ADP
ftr-323	906	5	taxable	taxable	ADJ
ftr-323	906	6	transfers	transfer	NOUN
ftr-323	906	7	should	should	AUX
ftr-323	906	8	be	be	AUX
ftr-323	906	9	expanded	expand	VERB
ftr-323	906	10	to	to	PART
ftr-323	906	11	take	take	VERB
ftr-323	906	12	account	account	NOUN
ftr-323	906	13	of	of	ADP
ftr-323	906	14	the	the	DET
ftr-323	906	15	fact	fact	NOUN
ftr-323	906	16	that	that	SCONJ
ftr-323	906	17	in	in	ADP
ftr-323	906	18	an	an	DET
ftr-323	906	19	exemption	exemption	NOUN
ftr-323	906	20	system	system	NOUN
ftr-323	906	21	there	there	PRON
ftr-323	906	22	is	be	VERB
ftr-323	906	23	no	no	DET
ftr-323	906	24	second	second	ADJ
ftr-323	906	25	bite	bite	NOUN
ftr-323	906	26	at	at	ADP
ftr-323	906	27	the	the	DET
ftr-323	906	28	tax	tax	NOUN
ftr-323	906	29	apple	apple	NOUN
ftr-323	906	30	as	as	SCONJ
ftr-323	906	31	there	there	PRON
ftr-323	906	32	is	be	VERB
ftr-323	906	33	in	in	ADP
ftr-323	906	34	the	the	DET
ftr-323	906	35	deferral	deferral	ADJ
ftr-323	906	36	system	system	NOUN
ftr-323	906	37	of	of	ADP
ftr-323	906	38	current	current	ADJ
ftr-323	906	39	law.167	law.167	NOUN
ftr-323	906	40	these	these	PRON
ftr-323	906	41	are	be	AUX
ftr-323	906	42	complex	complex	ADJ
ftr-323	906	43	technical	technical	ADJ
ftr-323	906	44	issues	issue	NOUN
ftr-323	906	45	that	that	PRON
ftr-323	906	46	are	be	AUX
ftr-323	906	47	beyond	beyond	ADP
ftr-323	906	48	the	the	DET
ftr-323	906	49	scope	scope	NOUN
ftr-323	906	50	of	of	ADP
ftr-323	906	51	this	this	DET
ftr-323	906	52	article	article	NOUN
ftr-323	906	53	and	and	CCONJ
ftr-323	906	54	that	that	PRON
ftr-323	906	55	warrant	warrant	VERB
ftr-323	906	56	substantial	substantial	ADJ
ftr-323	906	57	focus	focus	NOUN
ftr-323	906	58	.	.	PUNCT
ftr-323	907	1	163	163	NUM
ftr-323	907	2	.	.	PUNCT
ftr-323	908	1	in	in	ADP
ftr-323	908	2	general	general	ADJ
ftr-323	908	3	,	,	PUNCT
ftr-323	908	4	this	this	PRON
ftr-323	908	5	is	be	AUX
ftr-323	908	6	the	the	DET
ftr-323	908	7	approach	approach	NOUN
ftr-323	908	8	taken	take	VERB
ftr-323	908	9	by	by	ADP
ftr-323	908	10	the	the	DET
ftr-323	908	11	australian	australian	ADJ
ftr-323	908	12	exemption	exemption	NOUN
ftr-323	908	13	regime	regime	NOUN
ftr-323	908	14	.	.	PUNCT
ftr-323	909	1	see	see	VERB
ftr-323	909	2	ault	ault	PROPN
ftr-323	909	3	&	&	CCONJ
ftr-323	909	4	arnold	arnold	PROPN
ftr-323	909	5	,	,	PUNCT
ftr-323	909	6	comparative	comparative	ADJ
ftr-323	909	7	taxation	taxation	NOUN
ftr-323	909	8	,	,	PUNCT
ftr-323	909	9	supra	supra	PROPN
ftr-323	909	10	note	note	VERB
ftr-323	909	11	50	50	NUM
ftr-323	909	12	,	,	PUNCT
ftr-323	909	13	at	at	ADP
ftr-323	909	14	468–69	468–69	NUM
ftr-323	909	15	,	,	PUNCT
ftr-323	909	16	474	474	NUM
ftr-323	909	17	;	;	PUNCT
ftr-323	909	18	see	see	VERB
ftr-323	909	19	also	also	ADV
ftr-323	909	20	staff	staff	NOUN
ftr-323	909	21	of	of	ADP
ftr-323	909	22	joint	joint	ADJ
ftr-323	909	23	comm	comm	NOUN
ftr-323	909	24	.	.	PUNCT
ftr-323	909	25	,	,	PUNCT
ftr-323	909	26	background	background	NOUN
ftr-323	909	27	and	and	CCONJ
ftr-323	909	28	issues	issue	NOUN
ftr-323	909	29	,	,	PUNCT
ftr-323	909	30	supra	supra	PROPN
ftr-323	909	31	note	note	NOUN
ftr-323	909	32	48	48	NUM
ftr-323	909	33	,	,	PUNCT
ftr-323	909	34	at	at	ADP
ftr-323	909	35	16	16	NUM
ftr-323	909	36	.	.	NOUN
ftr-323	909	37	164	164	NUM
ftr-323	909	38	.	.	PUNCT
ftr-323	910	1	see	see	VERB
ftr-323	910	2	gustafson	gustafson	PROPN
ftr-323	910	3	,	,	PUNCT
ftr-323	910	4	peroni	peroni	PROPN
ftr-323	910	5	&	&	CCONJ
ftr-323	910	6	pugh	pugh	PROPN
ftr-323	910	7	,	,	PUNCT
ftr-323	910	8	taxation	taxation	NOUN
ftr-323	910	9	of	of	ADP
ftr-323	910	10	international	international	ADJ
ftr-323	910	11	transactions	transaction	NOUN
ftr-323	910	12	,	,	PUNCT
ftr-323	910	13	supra	supra	PROPN
ftr-323	910	14	note	note	NOUN
ftr-323	910	15	10	10	NUM
ftr-323	910	16	,	,	PUNCT
ftr-323	910	17	at	at	ADP
ftr-323	910	18	691–93	691–93	ADJ
ftr-323	910	19	.	.	PUNCT
ftr-323	911	1	165	165	NUM
ftr-323	911	2	.	.	PUNCT
ftr-323	912	1	see	see	VERB
ftr-323	912	2	u.s	u.s	PROPN
ftr-323	912	3	.	.	PROPN
ftr-323	912	4	model	model	PROPN
ftr-323	912	5	income	income	PROPN
ftr-323	912	6	tax	tax	PROPN
ftr-323	912	7	convention	convention	PROPN
ftr-323	912	8	of	of	ADP
ftr-323	912	9	november	november	PROPN
ftr-323	912	10	15	15	NUM
ftr-323	912	11	,	,	PUNCT
ftr-323	912	12	2006	2006	NUM
ftr-323	912	13	,	,	PUNCT
ftr-323	912	14	art	art	NOUN
ftr-323	912	15	.	.	PUNCT
ftr-323	913	1	5	5	NUM
ftr-323	913	2	,	,	PUNCT
ftr-323	913	3	§	§	PROPN
ftr-323	913	4	2	2	NUM
ftr-323	913	5	[	[	X
ftr-323	913	6	hereinafter	hereinafter	NOUN
ftr-323	913	7	u.s	u.s	PROPN
ftr-323	913	8	.	.	PROPN
ftr-323	913	9	model	model	PROPN
ftr-323	913	10	treaty	treaty	PROPN
ftr-323	913	11	]	]	PUNCT
ftr-323	913	12	.	.	PUNCT
ftr-323	914	1	166	166	NUM
ftr-323	914	2	.	.	PUNCT
ftr-323	915	1	see	see	VERB
ftr-323	915	2	u.s	u.s	PROPN
ftr-323	915	3	.	.	PROPN
ftr-323	915	4	model	model	PROPN
ftr-323	915	5	treaty	treaty	PROPN
ftr-323	915	6	,	,	PUNCT
ftr-323	915	7	supra	supra	PROPN
ftr-323	915	8	note	note	PROPN
ftr-323	915	9	165	165	NUM
ftr-323	915	10	,	,	PUNCT
ftr-323	915	11	at	at	ADP
ftr-323	915	12	art	art	NOUN
ftr-323	915	13	.	.	PUNCT
ftr-323	916	1	7	7	NUM
ftr-323	916	2	;	;	PUNCT
ftr-323	916	3	u.s	u.s	PROPN
ftr-323	916	4	.	.	PROPN
ftr-323	916	5	model	model	PROPN
ftr-323	916	6	technical	technical	PROPN
ftr-323	916	7	explanation	explanation	NOUN
ftr-323	916	8	accompanying	accompany	VERB
ftr-323	916	9	the	the	DET
ftr-323	916	10	united	united	PROPN
ftr-323	916	11	states	states	PROPN
ftr-323	916	12	model	model	PROPN
ftr-323	916	13	income	income	PROPN
ftr-323	916	14	tax	tax	PROPN
ftr-323	916	15	convention	convention	PROPN
ftr-323	916	16	of	of	ADP
ftr-323	916	17	november	november	PROPN
ftr-323	916	18	15	15	NUM
ftr-323	916	19	,	,	PUNCT
ftr-323	916	20	2006	2006	NUM
ftr-323	916	21	,	,	PUNCT
ftr-323	916	22	at	at	ADP
ftr-323	916	23	22–25	22–25	NUM
ftr-323	916	24	(	(	PUNCT
ftr-323	916	25	2006	2006	NUM
ftr-323	916	26	)	)	PUNCT
ftr-323	916	27	.	.	PUNCT
ftr-323	917	1	167	167	NUM
ftr-323	917	2	.	.	PUNCT
ftr-323	918	1	there	there	PRON
ftr-323	918	2	is	be	VERB
ftr-323	918	3	a	a	DET
ftr-323	918	4	divergence	divergence	NOUN
ftr-323	918	5	of	of	ADP
ftr-323	918	6	views	view	NOUN
ftr-323	918	7	regarding	regard	VERB
ftr-323	918	8	this	this	DET
ftr-323	918	9	issue	issue	NOUN
ftr-323	918	10	.	.	PUNCT
ftr-323	919	1	see	see	VERB
ftr-323	919	2	,	,	PUNCT
ftr-323	919	3	e.g.	e.g.	ADV
ftr-323	919	4	,	,	PUNCT
ftr-323	919	5	ault	ault	PROPN
ftr-323	919	6	&	&	CCONJ
ftr-323	919	7	arnold	arnold	PROPN
ftr-323	919	8	,	,	PUNCT
ftr-323	919	9	comparative	comparative	ADJ
ftr-323	919	10	taxation	taxation	NOUN
ftr-323	919	11	,	,	PUNCT
ftr-323	919	12	supra	supra	PROPN
ftr-323	919	13	note	note	VERB
ftr-323	919	14	50	50	NUM
ftr-323	919	15	,	,	PUNCT
ftr-323	919	16	at	at	ADP
ftr-323	919	17	488–91	488–91	NUM
ftr-323	919	18	;	;	PUNCT
ftr-323	919	19	rosenbloom	rosenbloom	NOUN
ftr-323	919	20	,	,	PUNCT
ftr-323	919	21	from	from	ADP
ftr-323	919	22	the	the	DET
ftr-323	919	23	bottom	bottom	NOUN
ftr-323	919	24	up	up	ADP
ftr-323	919	25	,	,	PUNCT
ftr-323	919	26	supra	supra	PROPN
ftr-323	919	27	note	note	NOUN
ftr-323	919	28	69	69	NUM
ftr-323	919	29	,	,	PUNCT
ftr-323	919	30	at	at	ADP
ftr-323	919	31	1552–53	1552–53	NUM
ftr-323	919	32	.	.	PUNCT
ftr-323	920	1	addressing	address	VERB
ftr-323	920	2	the	the	DET
ftr-323	920	3	outbound	outbound	NOUN
ftr-323	920	4	transfer	transfer	NOUN
ftr-323	920	5	issues	issue	NOUN
ftr-323	920	6	goes	go	VERB
ftr-323	920	7	hand	hand	NOUN
ftr-323	920	8	-	-	PUNCT
ftr-323	920	9	in	in	ADP
ftr-323	920	10	-	-	PUNCT
ftr-323	920	11	hand	hand	NOUN
ftr-323	920	12	with	with	ADP
ftr-323	920	13	developing	develop	VERB
ftr-323	920	14	revised	revise	VERB
ftr-323	920	15	transfer	transfer	NOUN
ftr-323	920	16	pricing	pricing	NOUN
ftr-323	920	17	rules	rule	NOUN
ftr-323	920	18	adequate	adequate	ADJ
ftr-323	920	19	to	to	PART
ftr-323	920	20	handle	handle	VERB
ftr-323	920	21	the	the	DET
ftr-323	920	22	increased	increase	VERB
ftr-323	920	23	pressures	pressure	NOUN
ftr-323	920	24	that	that	PRON
ftr-323	920	25	would	would	AUX
ftr-323	920	26	result	result	VERB
ftr-323	920	27	from	from	ADP
ftr-323	920	28	shifting	shift	VERB
ftr-323	920	29	to	to	ADP
ftr-323	920	30	an	an	DET
ftr-323	920	31	exemption	exemption	NOUN
ftr-323	920	32	system	system	NOUN
ftr-323	920	33	.	.	PUNCT
ftr-323	921	1	2012	2012	NUM
ftr-323	921	2	]	]	PUNCT
ftr-323	921	3	exemption	exemption	NOUN
ftr-323	921	4	when	when	SCONJ
ftr-323	921	5	the	the	DET
ftr-323	921	6	treasury	treasury	NOUN
ftr-323	921	7	is	be	AUX
ftr-323	921	8	empty	empty	ADJ
ftr-323	921	9	445	445	NUM
ftr-323	921	10	in	in	ADP
ftr-323	921	11	short	short	ADJ
ftr-323	921	12	,	,	PUNCT
ftr-323	921	13	the	the	DET
ftr-323	921	14	case	case	NOUN
ftr-323	921	15	for	for	ADP
ftr-323	921	16	including	include	VERB
ftr-323	921	17	qualified	qualified	ADJ
ftr-323	921	18	foreign	foreign	ADJ
ftr-323	921	19	branch	branch	NOUN
ftr-323	921	20	income	income	NOUN
ftr-323	921	21	in	in	ADP
ftr-323	921	22	a	a	DET
ftr-323	921	23	u.s	u.s	PROPN
ftr-323	921	24	.	.	PROPN
ftr-323	921	25	exemption	exemption	NOUN
ftr-323	921	26	system	system	NOUN
ftr-323	921	27	seems	seem	VERB
ftr-323	921	28	compelling	compelling	ADJ
ftr-323	921	29	.	.	PUNCT
ftr-323	922	1	the	the	DET
ftr-323	922	2	problems	problem	NOUN
ftr-323	922	3	are	be	AUX
ftr-323	922	4	solvable	solvable	ADJ
ftr-323	922	5	and	and	CCONJ
ftr-323	922	6	the	the	DET
ftr-323	922	7	complexities	complexity	NOUN
ftr-323	922	8	are	be	AUX
ftr-323	922	9	probably	probably	ADV
ftr-323	922	10	no	no	ADV
ftr-323	922	11	worse	bad	ADJ
ftr-323	922	12	than	than	ADP
ftr-323	922	13	those	those	PRON
ftr-323	922	14	that	that	PRON
ftr-323	922	15	currently	currently	ADV
ftr-323	922	16	exist	exist	VERB
ftr-323	922	17	under	under	ADP
ftr-323	922	18	the	the	DET
ftr-323	922	19	u.s	u.s	PROPN
ftr-323	922	20	.	.	PROPN
ftr-323	922	21	worldwide	worldwide	ADJ
ftr-323	922	22	system	system	NOUN
ftr-323	922	23	with	with	ADP
ftr-323	922	24	a	a	DET
ftr-323	922	25	limited	limited	ADJ
ftr-323	922	26	foreign	foreign	ADJ
ftr-323	922	27	tax	tax	NOUN
ftr-323	922	28	credit	credit	NOUN
ftr-323	922	29	.	.	PUNCT
ftr-323	923	1	but	but	CCONJ
ftr-323	923	2	handling	handle	VERB
ftr-323	923	3	branches	branch	NOUN
ftr-323	923	4	within	within	ADP
ftr-323	923	5	an	an	DET
ftr-323	923	6	exemption	exemption	NOUN
ftr-323	923	7	system	system	NOUN
ftr-323	923	8	is	be	AUX
ftr-323	923	9	clearly	clearly	ADV
ftr-323	923	10	not	not	PART
ftr-323	923	11	easy	easy	ADJ
ftr-323	923	12	,	,	PUNCT
ftr-323	923	13	so	so	SCONJ
ftr-323	923	14	one	one	PRON
ftr-323	923	15	can	can	AUX
ftr-323	923	16	understand	understand	VERB
ftr-323	923	17	japan	japan	PROPN
ftr-323	923	18	’s	’s	PART
ftr-323	923	19	decision	decision	NOUN
ftr-323	923	20	to	to	PART
ftr-323	923	21	exclude	exclude	VERB
ftr-323	923	22	foreign	foreign	ADJ
ftr-323	923	23	branches	branch	NOUN
ftr-323	923	24	from	from	ADP
ftr-323	923	25	its	its	PRON
ftr-323	923	26	recently	recently	ADV
ftr-323	923	27	adopted	adopt	VERB
ftr-323	923	28	exemption	exemption	NOUN
ftr-323	923	29	system.168	system.168	NOUN
ftr-323	923	30	however	however	ADV
ftr-323	923	31	,	,	PUNCT
ftr-323	923	32	if	if	SCONJ
ftr-323	923	33	that	that	DET
ftr-323	923	34	approach	approach	NOUN
ftr-323	923	35	were	be	AUX
ftr-323	923	36	taken	take	VERB
ftr-323	923	37	by	by	ADP
ftr-323	923	38	the	the	DET
ftr-323	923	39	united	united	PROPN
ftr-323	923	40	states	states	PROPN
ftr-323	923	41	,	,	PUNCT
ftr-323	923	42	it	it	PRON
ftr-323	923	43	would	would	AUX
ftr-323	923	44	leave	leave	VERB
ftr-323	923	45	u.s	u.s	PROPN
ftr-323	923	46	.	.	PROPN
ftr-323	923	47	multinational	multinational	ADJ
ftr-323	923	48	corporations	corporation	NOUN
ftr-323	923	49	free	free	ADJ
ftr-323	923	50	to	to	PART
ftr-323	923	51	elect	elect	VERB
ftr-323	923	52	,	,	PUNCT
ftr-323	923	53	to	to	ADP
ftr-323	923	54	the	the	DET
ftr-323	923	55	detriment	detriment	NOUN
ftr-323	923	56	of	of	ADP
ftr-323	923	57	the	the	DET
ftr-323	923	58	fisc	fisc	NOUN
ftr-323	923	59	,	,	PUNCT
ftr-323	923	60	between	between	ADP
ftr-323	923	61	(	(	PUNCT
ftr-323	923	62	1	1	X
ftr-323	923	63	)	)	PUNCT
ftr-323	923	64	a	a	DET
ftr-323	923	65	controlled	control	VERB
ftr-323	923	66	subsidiary	subsidiary	NOUN
ftr-323	923	67	that	that	PRON
ftr-323	923	68	can	can	AUX
ftr-323	923	69	pay	pay	VERB
ftr-323	923	70	exempt	exempt	ADJ
ftr-323	923	71	dividends	dividend	NOUN
ftr-323	923	72	,	,	PUNCT
ftr-323	923	73	but	but	CCONJ
ftr-323	923	74	not	not	PART
ftr-323	923	75	exempt	exempt	ADJ
ftr-323	923	76	royalties	royalty	NOUN
ftr-323	923	77	,	,	PUNCT
ftr-323	923	78	interest	interest	NOUN
ftr-323	923	79	,	,	PUNCT
ftr-323	923	80	and	and	CCONJ
ftr-323	923	81	services	service	NOUN
ftr-323	923	82	fees	fee	NOUN
ftr-323	923	83	,	,	PUNCT
ftr-323	923	84	and	and	CCONJ
ftr-323	923	85	(	(	PUNCT
ftr-323	923	86	2	2	X
ftr-323	923	87	)	)	PUNCT
ftr-323	923	88	a	a	DET
ftr-323	923	89	branch	branch	NOUN
ftr-323	923	90	whose	whose	DET
ftr-323	923	91	transfers	transfer	NOUN
ftr-323	923	92	to	to	ADP
ftr-323	923	93	corporate	corporate	ADJ
ftr-323	923	94	headquarters	headquarter	NOUN
ftr-323	923	95	are	be	AUX
ftr-323	923	96	generally	generally	ADV
ftr-323	923	97	not	not	PART
ftr-323	923	98	subject	subject	ADJ
ftr-323	923	99	to	to	ADP
ftr-323	923	100	u.s	u.s	PROPN
ftr-323	923	101	.	.	PROPN
ftr-323	923	102	tax	tax	NOUN
ftr-323	923	103	regardless	regardless	ADV
ftr-323	923	104	of	of	ADP
ftr-323	923	105	how	how	SCONJ
ftr-323	923	106	they	they	PRON
ftr-323	923	107	are	be	AUX
ftr-323	923	108	characterized	characterize	VERB
ftr-323	923	109	,	,	PUNCT
ftr-323	923	110	but	but	CCONJ
ftr-323	923	111	that	that	PRON
ftr-323	923	112	lacks	lack	VERB
ftr-323	923	113	the	the	DET
ftr-323	923	114	separate	separate	ADJ
ftr-323	923	115	legal	legal	ADJ
ftr-323	923	116	personality	personality	NOUN
ftr-323	923	117	required	require	VERB
ftr-323	923	118	to	to	PART
ftr-323	923	119	participate	participate	VERB
ftr-323	923	120	in	in	ADP
ftr-323	923	121	transfer	transfer	NOUN
ftr-323	923	122	pricing	pricing	NOUN
ftr-323	923	123	tax	tax	NOUN
ftr-323	923	124	-	-	PUNCT
ftr-323	923	125	minimization	minimization	NOUN
ftr-323	923	126	strategies	strategy	NOUN
ftr-323	923	127	.	.	PUNCT
ftr-323	924	1	this	this	PRON
ftr-323	924	2	would	would	AUX
ftr-323	924	3	have	have	VERB
ftr-323	924	4	the	the	DET
ftr-323	924	5	undesirable	undesirable	ADJ
ftr-323	924	6	and	and	CCONJ
ftr-323	924	7	economically	economically	ADV
ftr-323	924	8	inefficient	inefficient	ADJ
ftr-323	924	9	effect	effect	NOUN
ftr-323	924	10	of	of	ADP
ftr-323	924	11	making	make	VERB
ftr-323	924	12	tax	tax	NOUN
ftr-323	924	13	planning	planning	NOUN
ftr-323	924	14	,	,	PUNCT
ftr-323	924	15	rather	rather	ADV
ftr-323	924	16	than	than	ADP
ftr-323	924	17	business	business	NOUN
ftr-323	924	18	considerations	consideration	NOUN
ftr-323	924	19	and	and	CCONJ
ftr-323	924	20	economics	economic	NOUN
ftr-323	924	21	,	,	PUNCT
ftr-323	924	22	the	the	DET
ftr-323	924	23	fundamental	fundamental	ADJ
ftr-323	924	24	driver	driver	NOUN
ftr-323	924	25	of	of	ADP
ftr-323	924	26	the	the	DET
ftr-323	924	27	choice	choice	NOUN
ftr-323	924	28	between	between	ADP
ftr-323	924	29	a	a	DET
ftr-323	924	30	foreign	foreign	ADJ
ftr-323	924	31	controlled	control	VERB
ftr-323	924	32	subsidiary	subsidiary	NOUN
ftr-323	924	33	and	and	CCONJ
ftr-323	924	34	a	a	DET
ftr-323	924	35	foreign	foreign	ADJ
ftr-323	924	36	branch.169	branch.169	NOUN
ftr-323	924	37	on	on	ADP
ftr-323	924	38	balance	balance	NOUN
ftr-323	924	39	,	,	PUNCT
ftr-323	924	40	it	it	PRON
ftr-323	924	41	clearly	clearly	ADV
ftr-323	924	42	seems	seem	VERB
ftr-323	924	43	better	well	ADJ
ftr-323	924	44	to	to	PART
ftr-323	924	45	include	include	VERB
ftr-323	924	46	branches	branch	NOUN
ftr-323	924	47	in	in	ADP
ftr-323	924	48	a	a	DET
ftr-323	924	49	u.s	u.s	PROPN
ftr-323	924	50	.	.	PROPN
ftr-323	924	51	exemption	exemption	NOUN
ftr-323	924	52	system	system	NOUN
ftr-323	924	53	.	.	PUNCT
ftr-323	925	1	viii	viii	PROPN
ftr-323	925	2	.	.	PUNCT
ftr-323	926	1	certain	certain	ADJ
ftr-323	926	2	structural	structural	ADJ
ftr-323	926	3	issues	issue	NOUN
ftr-323	926	4	for	for	ADP
ftr-323	926	5	international	international	ADJ
ftr-323	926	6	law	law	NOUN
ftr-323	926	7	purposes	purpose	NOUN
ftr-323	926	8	,	,	PUNCT
ftr-323	926	9	the	the	DET
ftr-323	926	10	role	role	NOUN
ftr-323	926	11	of	of	ADP
ftr-323	926	12	an	an	DET
ftr-323	926	13	exemption	exemption	NOUN
ftr-323	926	14	system	system	NOUN
ftr-323	926	15	is	be	AUX
ftr-323	926	16	to	to	PART
ftr-323	926	17	prevent	prevent	VERB
ftr-323	926	18	international	international	ADJ
ftr-323	926	19	double	double	ADJ
ftr-323	926	20	taxation	taxation	NOUN
ftr-323	926	21	of	of	ADP
ftr-323	926	22	foreign	foreign	ADJ
ftr-323	926	23	-	-	PUNCT
ftr-323	926	24	source	source	NOUN
ftr-323	926	25	income	income	NOUN
ftr-323	926	26	by	by	ADP
ftr-323	926	27	reducing	reduce	VERB
ftr-323	926	28	the	the	DET
ftr-323	926	29	residence	residence	NOUN
ftr-323	926	30	country	country	NOUN
ftr-323	926	31	tax	tax	NOUN
ftr-323	926	32	on	on	ADP
ftr-323	926	33	that	that	DET
ftr-323	926	34	income	income	NOUN
ftr-323	926	35	to	to	ADP
ftr-323	926	36	zero	zero	NUM
ftr-323	926	37	.	.	PUNCT
ftr-323	927	1	nothing	nothing	PRON
ftr-323	927	2	in	in	ADP
ftr-323	927	3	this	this	DET
ftr-323	927	4	rationale	rationale	NOUN
ftr-323	927	5	suggests	suggest	VERB
ftr-323	927	6	that	that	SCONJ
ftr-323	927	7	the	the	DET
ftr-323	927	8	residence	residence	NOUN
ftr-323	927	9	country	country	NOUN
ftr-323	927	10	should	should	AUX
ftr-323	927	11	dip	dip	VERB
ftr-323	927	12	below	below	ADP
ftr-323	927	13	zero	zero	NUM
ftr-323	927	14	by	by	ADP
ftr-323	927	15	conferring	confer	VERB
ftr-323	927	16	a	a	DET
ftr-323	927	17	negative	negative	ADJ
ftr-323	927	18	rate	rate	NOUN
ftr-323	927	19	of	of	ADP
ftr-323	927	20	tax	tax	NOUN
ftr-323	927	21	and	and	CCONJ
ftr-323	927	22	no	no	DET
ftr-323	927	23	normative	normative	ADJ
ftr-323	927	24	principle	principle	NOUN
ftr-323	927	25	supports	support	VERB
ftr-323	927	26	negative	negative	ADJ
ftr-323	927	27	taxation.170	taxation.170	NOUN
ftr-323	927	28	stated	state	VERB
ftr-323	927	29	differently	differently	ADV
ftr-323	927	30	,	,	PUNCT
ftr-323	927	31	a	a	DET
ftr-323	927	32	principled	principled	ADJ
ftr-323	927	33	exemption	exemption	NOUN
ftr-323	927	34	system	system	NOUN
ftr-323	927	35	stops	stop	VERB
ftr-323	927	36	at	at	ADP
ftr-323	927	37	zero	zero	NUM
ftr-323	927	38	.	.	PUNCT
ftr-323	928	1	168	168	NUM
ftr-323	928	2	.	.	PUNCT
ftr-323	929	1	see	see	VERB
ftr-323	929	2	generally	generally	ADV
ftr-323	929	3	lokken	lokken	PROPN
ftr-323	929	4	&	&	CCONJ
ftr-323	929	5	kitamura	kitamura	PROPN
ftr-323	929	6	,	,	PUNCT
ftr-323	929	7	credit	credit	NOUN
ftr-323	929	8	v.	v.	ADP
ftr-323	929	9	exemption	exemption	NOUN
ftr-323	929	10	,	,	PUNCT
ftr-323	929	11	supra	supra	PROPN
ftr-323	929	12	note	note	NOUN
ftr-323	929	13	1	1	NUM
ftr-323	929	14	,	,	PUNCT
ftr-323	929	15	at	at	ADP
ftr-323	929	16	629	629	NUM
ftr-323	929	17	.	.	NOUN
ftr-323	929	18	169	169	NUM
ftr-323	929	19	.	.	PUNCT
ftr-323	930	1	see	see	VERB
ftr-323	930	2	also	also	ADV
ftr-323	930	3	staff	staff	NOUN
ftr-323	930	4	of	of	ADP
ftr-323	930	5	joint	joint	ADJ
ftr-323	930	6	comm	comm	NOUN
ftr-323	930	7	.	.	PUNCT
ftr-323	930	8	,	,	PUNCT
ftr-323	930	9	background	background	NOUN
ftr-323	930	10	and	and	CCONJ
ftr-323	930	11	issues	issue	NOUN
ftr-323	930	12	,	,	PUNCT
ftr-323	930	13	supra	supra	PROPN
ftr-323	930	14	note	note	NOUN
ftr-323	930	15	48	48	NUM
ftr-323	930	16	,	,	PUNCT
ftr-323	930	17	at	at	ADP
ftr-323	930	18	10	10	NUM
ftr-323	930	19	.	.	PUNCT
ftr-323	930	20	170	170	NUM
ftr-323	930	21	.	.	PUNCT
ftr-323	931	1	a	a	DET
ftr-323	931	2	negative	negative	ADJ
ftr-323	931	3	rate	rate	NOUN
ftr-323	931	4	of	of	ADP
ftr-323	931	5	tax	tax	NOUN
ftr-323	931	6	arises	arise	VERB
ftr-323	931	7	when	when	SCONJ
ftr-323	931	8	an	an	DET
ftr-323	931	9	inappropriate	inappropriate	ADJ
ftr-323	931	10	tax	tax	NOUN
ftr-323	931	11	saving	saving	NOUN
ftr-323	931	12	effectively	effectively	ADV
ftr-323	931	13	causes	cause	VERB
ftr-323	931	14	the	the	DET
ftr-323	931	15	tax	tax	NOUN
ftr-323	931	16	rate	rate	NOUN
ftr-323	931	17	on	on	ADP
ftr-323	931	18	a	a	DET
ftr-323	931	19	particular	particular	ADJ
ftr-323	931	20	income	income	NOUN
ftr-323	931	21	item	item	NOUN
ftr-323	931	22	to	to	PART
ftr-323	931	23	fall	fall	VERB
ftr-323	931	24	below	below	ADP
ftr-323	931	25	zero	zero	NUM
ftr-323	931	26	.	.	PUNCT
ftr-323	932	1	for	for	ADP
ftr-323	932	2	example	example	NOUN
ftr-323	932	3	,	,	PUNCT
ftr-323	932	4	assume	assume	VERB
ftr-323	932	5	that	that	SCONJ
ftr-323	932	6	individual	individual	ADJ
ftr-323	932	7	a	a	DET
ftr-323	932	8	borrows	borrow	VERB
ftr-323	932	9	$	$	SYM
ftr-323	932	10	100	100	NUM
ftr-323	932	11	at	at	ADP
ftr-323	932	12	10	10	NUM
ftr-323	932	13	percent	percent	NOUN
ftr-323	932	14	per	per	ADP
ftr-323	932	15	annum	annum	X
ftr-323	932	16	interest	interest	NOUN
ftr-323	932	17	to	to	PART
ftr-323	932	18	purchase	purchase	VERB
ftr-323	932	19	a	a	DET
ftr-323	932	20	$	$	SYM
ftr-323	932	21	100	100	NUM
ftr-323	932	22	tax	tax	NOUN
ftr-323	932	23	-	-	PUNCT
ftr-323	932	24	exempt	exempt	ADJ
ftr-323	932	25	municipal	municipal	ADJ
ftr-323	932	26	bond	bond	NOUN
ftr-323	932	27	that	that	PRON
ftr-323	932	28	pays	pay	VERB
ftr-323	932	29	10	10	NUM
ftr-323	932	30	percent	percent	NOUN
ftr-323	932	31	per	per	ADP
ftr-323	932	32	annum	annum	X
ftr-323	932	33	interest	interest	NOUN
ftr-323	932	34	.	.	PUNCT
ftr-323	933	1	from	from	ADP
ftr-323	933	2	a	a	DET
ftr-323	933	3	before	before	ADP
ftr-323	933	4	-	-	PUNCT
ftr-323	933	5	tax	tax	NOUN
ftr-323	933	6	standpoint	standpoint	NOUN
ftr-323	933	7	,	,	PUNCT
ftr-323	933	8	this	this	PRON
ftr-323	933	9	makes	make	VERB
ftr-323	933	10	no	no	DET
ftr-323	933	11	sense	sense	NOUN
ftr-323	933	12	because	because	SCONJ
ftr-323	933	13	the	the	DET
ftr-323	933	14	10	10	NUM
ftr-323	933	15	percent	percent	NOUN
ftr-323	933	16	interest	interest	NOUN
ftr-323	933	17	charge	charge	NOUN
ftr-323	933	18	on	on	ADP
ftr-323	933	19	the	the	DET
ftr-323	933	20	loan	loan	NOUN
ftr-323	933	21	offsets	offset	VERB
ftr-323	933	22	the	the	DET
ftr-323	933	23	10	10	NUM
ftr-323	933	24	percent	percent	NOUN
ftr-323	933	25	interest	interest	NOUN
ftr-323	933	26	received	receive	VERB
ftr-323	933	27	on	on	ADP
ftr-323	933	28	the	the	DET
ftr-323	933	29	bond	bond	NOUN
ftr-323	933	30	so	so	SCONJ
ftr-323	933	31	that	that	SCONJ
ftr-323	933	32	the	the	DET
ftr-323	933	33	bond	bond	NOUN
ftr-323	933	34	investment	investment	NOUN
ftr-323	933	35	produces	produce	VERB
ftr-323	933	36	an	an	DET
ftr-323	933	37	economic	economic	ADJ
ftr-323	933	38	return	return	NOUN
ftr-323	933	39	of	of	ADP
ftr-323	933	40	$	$	SYM
ftr-323	933	41	0	0	NUM
ftr-323	933	42	even	even	ADV
ftr-323	933	43	though	though	SCONJ
ftr-323	933	44	the	the	DET
ftr-323	933	45	bond	bond	NOUN
ftr-323	933	46	interest	interest	NOUN
ftr-323	933	47	is	be	AUX
ftr-323	933	48	tax	tax	NOUN
ftr-323	933	49	exempt	exempt	ADJ
ftr-323	933	50	.	.	PUNCT
ftr-323	934	1	if	if	SCONJ
ftr-323	934	2	,	,	PUNCT
ftr-323	934	3	however	however	ADV
ftr-323	934	4	,	,	PUNCT
ftr-323	934	5	a	a	PRON
ftr-323	934	6	also	also	ADV
ftr-323	934	7	earns	earn	VERB
ftr-323	934	8	salary	salary	NOUN
ftr-323	934	9	income	income	NOUN
ftr-323	934	10	taxable	taxable	ADJ
ftr-323	934	11	at	at	ADP
ftr-323	934	12	a	a	DET
ftr-323	934	13	marginal	marginal	ADJ
ftr-323	934	14	rate	rate	NOUN
ftr-323	934	15	of	of	ADP
ftr-323	934	16	35	35	NUM
ftr-323	934	17	percent	percent	NOUN
ftr-323	934	18	and	and	CCONJ
ftr-323	934	19	the	the	DET
ftr-323	934	20	tax	tax	NOUN
ftr-323	934	21	system	system	NOUN
ftr-323	934	22	allows	allow	VERB
ftr-323	934	23	her	she	PRON
ftr-323	934	24	to	to	PART
ftr-323	934	25	deduct	deduct	VERB
ftr-323	934	26	the	the	DET
ftr-323	934	27	loan	loan	NOUN
ftr-323	934	28	interest	interest	NOUN
ftr-323	934	29	expense	expense	NOUN
ftr-323	934	30	against	against	ADP
ftr-323	934	31	her	her	PRON
ftr-323	934	32	salary	salary	NOUN
ftr-323	934	33	,	,	PUNCT
ftr-323	934	34	the	the	DET
ftr-323	934	35	deduction	deduction	NOUN
ftr-323	934	36	will	will	AUX
ftr-323	934	37	save	save	VERB
ftr-323	934	38	$	$	SYM
ftr-323	934	39	3.50	3.50	NUM
ftr-323	934	40	in	in	ADP
ftr-323	934	41	tax	tax	NOUN
ftr-323	934	42	.	.	PUNCT
ftr-323	935	1	since	since	SCONJ
ftr-323	935	2	the	the	DET
ftr-323	935	3	loan	loan	NOUN
ftr-323	935	4	was	be	AUX
ftr-323	935	5	incurred	incur	VERB
ftr-323	935	6	to	to	PART
ftr-323	935	7	acquire	acquire	VERB
ftr-323	935	8	the	the	DET
ftr-323	935	9	bond	bond	NOUN
ftr-323	935	10	,	,	PUNCT
ftr-323	935	11	not	not	PART
ftr-323	935	12	to	to	PART
ftr-323	935	13	earn	earn	VERB
ftr-323	935	14	salary	salary	NOUN
ftr-323	935	15	,	,	PUNCT
ftr-323	935	16	deduction	deduction	NOUN
ftr-323	935	17	of	of	ADP
ftr-323	935	18	the	the	DET
ftr-323	935	19	loan	loan	NOUN
ftr-323	935	20	interest	interest	NOUN
ftr-323	935	21	expense	expense	NOUN
ftr-323	935	22	against	against	ADP
ftr-323	935	23	salary	salary	NOUN
ftr-323	935	24	income	income	NOUN
ftr-323	935	25	is	be	AUX
ftr-323	935	26	inappropriate	inappropriate	ADJ
ftr-323	935	27	.	.	PUNCT
ftr-323	936	1	the	the	DET
ftr-323	936	2	interest	interest	NOUN
ftr-323	936	3	expense	expense	NOUN
ftr-323	936	4	should	should	AUX
ftr-323	936	5	be	be	AUX
ftr-323	936	6	deducted	deduct	VERB
ftr-323	936	7	against	against	ADP
ftr-323	936	8	the	the	DET
ftr-323	936	9	bond	bond	NOUN
ftr-323	936	10	446	446	NUM
ftr-323	936	11	florida	florida	PROPN
ftr-323	936	12	tax	tax	NOUN
ftr-323	936	13	review	review	NOUN
ftr-323	937	1	[	[	X
ftr-323	937	2	vol	vol	NOUN
ftr-323	937	3	.	.	PUNCT
ftr-323	937	4	13:8	13:8	NUM
ftr-323	937	5	the	the	DET
ftr-323	937	6	present	present	ADJ
ftr-323	937	7	u.s	u.s	PROPN
ftr-323	937	8	.	.	PROPN
ftr-323	937	9	international	international	ADJ
ftr-323	937	10	income	income	NOUN
ftr-323	937	11	tax	tax	NOUN
ftr-323	937	12	regime	regime	NOUN
ftr-323	937	13	goes	go	VERB
ftr-323	937	14	beyond	beyond	ADP
ftr-323	937	15	this	this	DET
ftr-323	937	16	zero	zero	NUM
ftr-323	937	17	limit	limit	NOUN
ftr-323	937	18	by	by	ADP
ftr-323	937	19	effectively	effectively	ADV
ftr-323	937	20	conferring	confer	VERB
ftr-323	937	21	a	a	DET
ftr-323	937	22	negative	negative	ADJ
ftr-323	937	23	u.s	u.s	PROPN
ftr-323	937	24	.	.	PROPN
ftr-323	937	25	tax	tax	NOUN
ftr-323	937	26	rate	rate	NOUN
ftr-323	937	27	in	in	ADP
ftr-323	937	28	certain	certain	ADJ
ftr-323	937	29	situations	situation	NOUN
ftr-323	937	30	.	.	PUNCT
ftr-323	938	1	below	below	ADV
ftr-323	938	2	,	,	PUNCT
ftr-323	938	3	we	we	PRON
ftr-323	938	4	explain	explain	VERB
ftr-323	938	5	how	how	SCONJ
ftr-323	938	6	those	those	DET
ftr-323	938	7	scenarios	scenario	NOUN
ftr-323	938	8	arise	arise	VERB
ftr-323	938	9	under	under	ADP
ftr-323	938	10	current	current	ADJ
ftr-323	938	11	u.s	u.s	PROPN
ftr-323	938	12	.	.	PROPN
ftr-323	938	13	law	law	NOUN
ftr-323	938	14	and	and	CCONJ
ftr-323	938	15	why	why	SCONJ
ftr-323	938	16	congress	congress	PROPN
ftr-323	938	17	should	should	AUX
ftr-323	938	18	resist	resist	VERB
ftr-323	938	19	beneficiary	beneficiary	ADJ
ftr-323	938	20	pressure	pressure	NOUN
ftr-323	938	21	to	to	PART
ftr-323	938	22	make	make	VERB
ftr-323	938	23	them	they	PRON
ftr-323	938	24	part	part	NOUN
ftr-323	938	25	of	of	ADP
ftr-323	938	26	a	a	DET
ftr-323	938	27	u.s	u.s	PROPN
ftr-323	938	28	.	.	PROPN
ftr-323	938	29	exemption	exemption	NOUN
ftr-323	938	30	system	system	NOUN
ftr-323	938	31	.	.	PUNCT
ftr-323	939	1	a.	a.	NOUN
ftr-323	939	2	export	export	NOUN
ftr-323	939	3	sales	sale	NOUN
ftr-323	939	4	redux	redux	VERB
ftr-323	939	5	part	part	NOUN
ftr-323	939	6	vi.b.3	vi.b.3	NOUN
ftr-323	939	7	has	have	AUX
ftr-323	939	8	explained	explain	VERB
ftr-323	939	9	how	how	SCONJ
ftr-323	939	10	the	the	DET
ftr-323	939	11	export	export	NOUN
ftr-323	939	12	sales	sale	NOUN
ftr-323	939	13	source	source	NOUN
ftr-323	939	14	rule	rule	NOUN
ftr-323	939	15	causes	cause	VERB
ftr-323	939	16	the	the	DET
ftr-323	939	17	present	present	ADJ
ftr-323	939	18	u.s	u.s	PROPN
ftr-323	939	19	.	.	PROPN
ftr-323	939	20	international	international	ADJ
ftr-323	939	21	tax	tax	NOUN
ftr-323	939	22	system	system	NOUN
ftr-323	939	23	to	to	PART
ftr-323	939	24	confer	confer	VERB
ftr-323	939	25	a	a	DET
ftr-323	939	26	zero	zero	NUM
ftr-323	939	27	tax	tax	NOUN
ftr-323	939	28	on	on	ADP
ftr-323	939	29	income	income	NOUN
ftr-323	939	30	that	that	PRON
ftr-323	939	31	bears	bear	VERB
ftr-323	939	32	little	little	ADJ
ftr-323	939	33	or	or	CCONJ
ftr-323	939	34	no	no	DET
ftr-323	939	35	foreign	foreign	ADJ
ftr-323	939	36	tax	tax	NOUN
ftr-323	939	37	.	.	PUNCT
ftr-323	940	1	that	that	PRON
ftr-323	940	2	,	,	PUNCT
ftr-323	940	3	however	however	ADV
ftr-323	940	4	,	,	PUNCT
ftr-323	940	5	is	be	AUX
ftr-323	940	6	not	not	PART
ftr-323	940	7	the	the	DET
ftr-323	940	8	end	end	NOUN
ftr-323	940	9	of	of	ADP
ftr-323	940	10	the	the	DET
ftr-323	940	11	rule	rule	NOUN
ftr-323	940	12	’s	’s	PART
ftr-323	940	13	mischief	mischief	NOUN
ftr-323	940	14	.	.	PUNCT
ftr-323	941	1	the	the	DET
ftr-323	941	2	rule	rule	NOUN
ftr-323	941	3	can	can	AUX
ftr-323	941	4	also	also	ADV
ftr-323	941	5	create	create	VERB
ftr-323	941	6	a	a	DET
ftr-323	941	7	negative	negative	ADJ
ftr-323	941	8	tax	tax	NOUN
ftr-323	941	9	on	on	ADP
ftr-323	941	10	export	export	NOUN
ftr-323	941	11	sales	sale	NOUN
ftr-323	941	12	income	income	NOUN
ftr-323	941	13	within	within	ADP
ftr-323	941	14	the	the	DET
ftr-323	941	15	present	present	ADJ
ftr-323	941	16	u.s	u.s	PROPN
ftr-323	941	17	.	.	PROPN
ftr-323	941	18	regime	regime	NOUN
ftr-323	941	19	.	.	PUNCT
ftr-323	942	1	example	example	NOUN
ftr-323	942	2	2	2	NUM
ftr-323	942	3	illustrates	illustrate	VERB
ftr-323	942	4	this	this	DET
ftr-323	942	5	point	point	NOUN
ftr-323	942	6	.	.	PUNCT
ftr-323	943	1	example	example	NOUN
ftr-323	943	2	2	2	NUM
ftr-323	943	3	assume	assume	VERB
ftr-323	943	4	that	that	SCONJ
ftr-323	943	5	usco	usco	NOUN
ftr-323	943	6	,	,	PUNCT
ftr-323	943	7	a	a	DET
ftr-323	943	8	u.s	u.s	PROPN
ftr-323	943	9	.	.	PROPN
ftr-323	943	10	multinational	multinational	ADJ
ftr-323	943	11	corporation	corporation	NOUN
ftr-323	943	12	,	,	PUNCT
ftr-323	943	13	has	have	VERB
ftr-323	943	14	a	a	DET
ftr-323	943	15	marginal	marginal	ADJ
ftr-323	943	16	effective	effective	ADJ
ftr-323	943	17	u.s	u.s	PROPN
ftr-323	943	18	.	.	PROPN
ftr-323	943	19	income	income	NOUN
ftr-323	943	20	tax	tax	NOUN
ftr-323	943	21	rate	rate	NOUN
ftr-323	943	22	of	of	ADP
ftr-323	943	23	35	35	NUM
ftr-323	943	24	percent	percent	NOUN
ftr-323	943	25	and	and	CCONJ
ftr-323	943	26	a	a	DET
ftr-323	943	27	marginal	marginal	ADJ
ftr-323	943	28	effective	effective	ADJ
ftr-323	943	29	tax	tax	NOUN
ftr-323	943	30	rate	rate	NOUN
ftr-323	943	31	of	of	ADP
ftr-323	943	32	45	45	NUM
ftr-323	943	33	percent	percent	NOUN
ftr-323	943	34	on	on	ADP
ftr-323	943	35	its	its	PRON
ftr-323	943	36	active	active	ADJ
ftr-323	943	37	foreign	foreign	ADJ
ftr-323	943	38	business	business	NOUN
ftr-323	943	39	income	income	NOUN
ftr-323	943	40	earned	earn	VERB
ftr-323	943	41	in	in	ADP
ftr-323	943	42	hightaxia	hightaxia	NOUN
ftr-323	943	43	,	,	PUNCT
ftr-323	943	44	a	a	DET
ftr-323	943	45	foreign	foreign	ADJ
ftr-323	943	46	country	country	NOUN
ftr-323	943	47	.	.	PUNCT
ftr-323	944	1	during	during	ADP
ftr-323	944	2	the	the	DET
ftr-323	944	3	current	current	ADJ
ftr-323	944	4	year	year	NOUN
ftr-323	944	5	,	,	PUNCT
ftr-323	944	6	usco	usco	PROPN
ftr-323	944	7	has	have	AUX
ftr-323	944	8	total	total	ADJ
ftr-323	944	9	worldwide	worldwide	ADV
ftr-323	944	10	pre	pre	ADJ
ftr-323	944	11	-	-	ADJ
ftr-323	944	12	tax	tax	ADJ
ftr-323	944	13	income	income	NOUN
ftr-323	944	14	of	of	ADP
ftr-323	944	15	$	$	SYM
ftr-323	944	16	1,000,000	1,000,000	NUM
ftr-323	944	17	,	,	PUNCT
ftr-323	944	18	$	$	SYM
ftr-323	944	19	500,000	500,000	NUM
ftr-323	944	20	of	of	ADP
ftr-323	944	21	which	which	PRON
ftr-323	944	22	is	be	AUX
ftr-323	944	23	u.s.-source	u.s.-source	ADJ
ftr-323	944	24	income	income	NOUN
ftr-323	944	25	from	from	ADP
ftr-323	944	26	transactions	transaction	NOUN
ftr-323	944	27	occurring	occur	VERB
ftr-323	944	28	entirely	entirely	ADV
ftr-323	944	29	within	within	ADP
ftr-323	944	30	the	the	DET
ftr-323	944	31	united	united	PROPN
ftr-323	944	32	states	states	PROPN
ftr-323	944	33	.	.	PUNCT
ftr-323	945	1	usco	usco	PROPN
ftr-323	945	2	earns	earn	VERB
ftr-323	945	3	$	$	SYM
ftr-323	945	4	300,000	300,000	NUM
ftr-323	945	5	of	of	ADP
ftr-323	945	6	pre	pre	ADJ
ftr-323	945	7	-	-	ADJ
ftr-323	945	8	tax	tax	ADJ
ftr-323	945	9	foreign	foreign	ADJ
ftr-323	945	10	-	-	PUNCT
ftr-323	945	11	source	source	NOUN
ftr-323	945	12	business	business	NOUN
ftr-323	945	13	income	income	NOUN
ftr-323	945	14	in	in	ADP
ftr-323	945	15	hightaxia	hightaxia	NOUN
ftr-323	945	16	and	and	CCONJ
ftr-323	945	17	pays	pay	VERB
ftr-323	945	18	$	$	SYM
ftr-323	945	19	135,000	135,000	NUM
ftr-323	945	20	of	of	ADP
ftr-323	945	21	foreign	foreign	ADJ
ftr-323	945	22	income	income	NOUN
ftr-323	945	23	tax	tax	NOUN
ftr-323	945	24	to	to	ADP
ftr-323	945	25	that	that	DET
ftr-323	945	26	country	country	NOUN
ftr-323	945	27	.	.	PUNCT
ftr-323	946	1	usco	usco	PROPN
ftr-323	946	2	also	also	ADV
ftr-323	946	3	produces	produce	VERB
ftr-323	946	4	inventory	inventory	NOUN
ftr-323	946	5	in	in	ADP
ftr-323	946	6	the	the	DET
ftr-323	946	7	united	united	PROPN
ftr-323	946	8	states	states	PROPN
ftr-323	946	9	and	and	CCONJ
ftr-323	946	10	sells	sell	VERB
ftr-323	946	11	the	the	DET
ftr-323	946	12	inventory	inventory	NOUN
ftr-323	946	13	to	to	ADP
ftr-323	946	14	independent	independent	ADJ
ftr-323	946	15	foreign	foreign	ADJ
ftr-323	946	16	distributors	distributor	NOUN
ftr-323	946	17	in	in	ADP
ftr-323	946	18	otherland	otherland	PROPN
ftr-323	946	19	.	.	PUNCT
ftr-323	947	1	title	title	NOUN
ftr-323	947	2	to	to	ADP
ftr-323	947	3	the	the	DET
ftr-323	947	4	inventory	inventory	NOUN
ftr-323	947	5	passes	pass	VERB
ftr-323	947	6	from	from	ADP
ftr-323	947	7	usco	usco	NOUN
ftr-323	947	8	to	to	ADP
ftr-323	947	9	the	the	DET
ftr-323	947	10	foreign	foreign	ADJ
ftr-323	947	11	distributors	distributor	NOUN
ftr-323	947	12	at	at	ADP
ftr-323	947	13	the	the	DET
ftr-323	947	14	time	time	NOUN
ftr-323	947	15	that	that	PRON
ftr-323	947	16	the	the	DET
ftr-323	947	17	distributors	distributor	NOUN
ftr-323	947	18	receive	receive	VERB
ftr-323	947	19	the	the	DET
ftr-323	947	20	inventory	inventory	NOUN
ftr-323	947	21	in	in	ADP
ftr-323	947	22	otherland	otherland	PROPN
ftr-323	947	23	.	.	PUNCT
ftr-323	948	1	usco	usco	PROPN
ftr-323	948	2	has	have	VERB
ftr-323	948	3	$	$	SYM
ftr-323	948	4	200,000	200,000	NUM
ftr-323	948	5	of	of	ADP
ftr-323	948	6	pre	pre	ADJ
ftr-323	948	7	-	-	ADJ
ftr-323	948	8	tax	tax	ADJ
ftr-323	948	9	income	income	NOUN
ftr-323	948	10	from	from	ADP
ftr-323	948	11	these	these	DET
ftr-323	948	12	inventory	inventory	NOUN
ftr-323	948	13	sales	sale	NOUN
ftr-323	948	14	during	during	ADP
ftr-323	948	15	the	the	DET
ftr-323	948	16	current	current	ADJ
ftr-323	948	17	year	year	NOUN
ftr-323	948	18	.	.	PUNCT
ftr-323	949	1	interest	interest	NOUN
ftr-323	949	2	where	where	SCONJ
ftr-323	949	3	it	it	PRON
ftr-323	949	4	will	will	AUX
ftr-323	949	5	produce	produce	VERB
ftr-323	949	6	no	no	DET
ftr-323	949	7	tax	tax	NOUN
ftr-323	949	8	saving	saving	NOUN
ftr-323	949	9	because	because	SCONJ
ftr-323	949	10	the	the	DET
ftr-323	949	11	bond	bond	NOUN
ftr-323	949	12	interest	interest	NOUN
ftr-323	949	13	is	be	AUX
ftr-323	949	14	tax	tax	NOUN
ftr-323	949	15	exempt	exempt	ADJ
ftr-323	949	16	.	.	PUNCT
ftr-323	950	1	for	for	ADP
ftr-323	950	2	this	this	DET
ftr-323	950	3	reason	reason	NOUN
ftr-323	950	4	,	,	PUNCT
ftr-323	950	5	the	the	DET
ftr-323	950	6	inappropriate	inappropriate	ADJ
ftr-323	950	7	$	$	SYM
ftr-323	950	8	3.50	3.50	NUM
ftr-323	950	9	tax	tax	NOUN
ftr-323	950	10	saving	saving	NOUN
ftr-323	950	11	produced	produce	VERB
ftr-323	950	12	by	by	ADP
ftr-323	950	13	incorrectly	incorrectly	ADV
ftr-323	950	14	deducting	deduct	VERB
ftr-323	950	15	the	the	DET
ftr-323	950	16	loan	loan	NOUN
ftr-323	950	17	expense	expense	NOUN
ftr-323	950	18	from	from	ADP
ftr-323	950	19	a	a	DET
ftr-323	950	20	’s	’s	ADJ
ftr-323	950	21	salary	salary	NOUN
ftr-323	950	22	income	income	NOUN
ftr-323	950	23	is	be	AUX
ftr-323	950	24	commonly	commonly	ADV
ftr-323	950	25	referred	refer	VERB
ftr-323	950	26	to	to	ADP
ftr-323	950	27	as	as	ADP
ftr-323	950	28	a	a	DET
ftr-323	950	29	$	$	SYM
ftr-323	950	30	3.50	3.50	NUM
ftr-323	950	31	negative	negative	ADJ
ftr-323	950	32	tax	tax	NOUN
ftr-323	950	33	on	on	ADP
ftr-323	950	34	the	the	DET
ftr-323	950	35	bond	bond	NOUN
ftr-323	950	36	interest	interest	NOUN
ftr-323	950	37	that	that	PRON
ftr-323	950	38	increases	increase	VERB
ftr-323	950	39	the	the	DET
ftr-323	950	40	return	return	NOUN
ftr-323	950	41	on	on	ADP
ftr-323	950	42	the	the	DET
ftr-323	950	43	bond	bond	NOUN
ftr-323	950	44	from	from	ADP
ftr-323	950	45	$	$	SYM
ftr-323	950	46	0	0	NUM
ftr-323	950	47	to	to	ADP
ftr-323	950	48	$	$	SYM
ftr-323	950	49	3.50	3.50	NUM
ftr-323	950	50	per	per	ADP
ftr-323	950	51	annum	annum	NOUN
ftr-323	950	52	.	.	PUNCT
ftr-323	951	1	(	(	PUNCT
ftr-323	951	2	an	an	DET
ftr-323	951	3	alternative	alternative	ADJ
ftr-323	951	4	explanation	explanation	NOUN
ftr-323	951	5	is	be	AUX
ftr-323	951	6	that	that	SCONJ
ftr-323	951	7	the	the	DET
ftr-323	951	8	deduction	deduction	NOUN
ftr-323	951	9	reduces	reduce	VERB
ftr-323	951	10	the	the	DET
ftr-323	951	11	aftertax	aftertax	ADJ
ftr-323	951	12	cost	cost	NOUN
ftr-323	951	13	of	of	ADP
ftr-323	951	14	the	the	DET
ftr-323	951	15	$	$	SYM
ftr-323	951	16	10	10	NUM
ftr-323	951	17	interest	interest	NOUN
ftr-323	951	18	expense	expense	NOUN
ftr-323	951	19	to	to	ADP
ftr-323	951	20	$	$	SYM
ftr-323	951	21	6.50	6.50	NUM
ftr-323	951	22	so	so	SCONJ
ftr-323	951	23	that	that	SCONJ
ftr-323	951	24	the	the	DET
ftr-323	951	25	$	$	SYM
ftr-323	951	26	10	10	NUM
ftr-323	951	27	interest	interest	NOUN
ftr-323	951	28	receipt	receipt	NOUN
ftr-323	951	29	produces	produce	VERB
ftr-323	951	30	$	$	SYM
ftr-323	951	31	3.50	3.50	NUM
ftr-323	951	32	of	of	ADP
ftr-323	951	33	net	net	ADJ
ftr-323	951	34	income	income	NOUN
ftr-323	951	35	.	.	PUNCT
ftr-323	951	36	)	)	PUNCT
ftr-323	952	1	because	because	SCONJ
ftr-323	952	2	the	the	DET
ftr-323	952	3	$	$	SYM
ftr-323	952	4	3.50	3.50	NUM
ftr-323	952	5	return	return	NOUN
ftr-323	952	6	is	be	AUX
ftr-323	952	7	entirely	entirely	ADV
ftr-323	952	8	a	a	DET
ftr-323	952	9	product	product	NOUN
ftr-323	952	10	of	of	ADP
ftr-323	952	11	manipulating	manipulate	VERB
ftr-323	952	12	the	the	DET
ftr-323	952	13	tax	tax	NOUN
ftr-323	952	14	system	system	NOUN
ftr-323	952	15	and	and	CCONJ
ftr-323	952	16	does	do	AUX
ftr-323	952	17	not	not	PART
ftr-323	952	18	involve	involve	VERB
ftr-323	952	19	any	any	DET
ftr-323	952	20	real	real	ADJ
ftr-323	952	21	economic	economic	ADJ
ftr-323	952	22	gain	gain	NOUN
ftr-323	952	23	,	,	PUNCT
ftr-323	952	24	congress	congress	PROPN
ftr-323	952	25	concluded	conclude	VERB
ftr-323	952	26	that	that	SCONJ
ftr-323	952	27	the	the	DET
ftr-323	952	28	result	result	NOUN
ftr-323	952	29	in	in	ADP
ftr-323	952	30	the	the	DET
ftr-323	952	31	foregoing	foregoing	NOUN
ftr-323	952	32	example	example	NOUN
ftr-323	952	33	was	be	AUX
ftr-323	952	34	unacceptable	unacceptable	ADJ
ftr-323	952	35	and	and	CCONJ
ftr-323	952	36	blocked	block	VERB
ftr-323	952	37	it	it	PRON
ftr-323	952	38	by	by	ADP
ftr-323	952	39	enacting	enact	VERB
ftr-323	952	40	the	the	DET
ftr-323	952	41	disallowance	disallowance	NOUN
ftr-323	952	42	provisions	provision	NOUN
ftr-323	952	43	of	of	ADP
ftr-323	952	44	section	section	NOUN
ftr-323	952	45	265	265	NUM
ftr-323	952	46	.	.	PUNCT
ftr-323	953	1	this	this	DET
ftr-323	953	2	provision	provision	NOUN
ftr-323	953	3	prevents	prevent	VERB
ftr-323	953	4	interest	interest	NOUN
ftr-323	953	5	on	on	ADP
ftr-323	953	6	a	a	DET
ftr-323	953	7	loan	loan	NOUN
ftr-323	953	8	incurred	incur	VERB
ftr-323	953	9	to	to	PART
ftr-323	953	10	finance	finance	VERB
ftr-323	953	11	a	a	DET
ftr-323	953	12	tax	tax	NOUN
ftr-323	953	13	-	-	PUNCT
ftr-323	953	14	exempt	exempt	ADJ
ftr-323	953	15	bond	bond	NOUN
ftr-323	953	16	investment	investment	NOUN
ftr-323	953	17	from	from	ADP
ftr-323	953	18	being	be	AUX
ftr-323	953	19	deducted	deduct	VERB
ftr-323	953	20	against	against	ADP
ftr-323	953	21	taxable	taxable	ADJ
ftr-323	953	22	income	income	NOUN
ftr-323	953	23	.	.	PUNCT
ftr-323	954	1	2012	2012	NUM
ftr-323	954	2	]	]	PUNCT
ftr-323	954	3	exemption	exemption	NOUN
ftr-323	954	4	when	when	SCONJ
ftr-323	954	5	the	the	DET
ftr-323	954	6	treasury	treasury	NOUN
ftr-323	954	7	is	be	AUX
ftr-323	954	8	empty	empty	ADJ
ftr-323	954	9	447	447	NUM
ftr-323	954	10	none	none	NOUN
ftr-323	954	11	of	of	ADP
ftr-323	954	12	that	that	DET
ftr-323	954	13	income	income	NOUN
ftr-323	954	14	is	be	AUX
ftr-323	954	15	taxed	tax	VERB
ftr-323	954	16	by	by	ADP
ftr-323	954	17	otherland	otherland	PROPN
ftr-323	954	18	because	because	SCONJ
ftr-323	954	19	usco	usco	PROPN
ftr-323	954	20	has	have	VERB
ftr-323	954	21	no	no	DET
ftr-323	954	22	office	office	NOUN
ftr-323	954	23	or	or	CCONJ
ftr-323	954	24	fixed	fix	VERB
ftr-323	954	25	place	place	NOUN
ftr-323	954	26	of	of	ADP
ftr-323	954	27	business	business	NOUN
ftr-323	954	28	there	there	ADV
ftr-323	954	29	.	.	PUNCT
ftr-323	955	1	under	under	ADP
ftr-323	955	2	the	the	DET
ftr-323	955	3	current	current	ADJ
ftr-323	955	4	u.s	u.s	PROPN
ftr-323	955	5	.	.	PROPN
ftr-323	955	6	export	export	NOUN
ftr-323	955	7	sales	sale	NOUN
ftr-323	955	8	source	source	NOUN
ftr-323	955	9	rule	rule	NOUN
ftr-323	955	10	,	,	PUNCT
ftr-323	955	11	usco	usco	NOUN
ftr-323	955	12	may	may	AUX
ftr-323	955	13	treat	treat	VERB
ftr-323	955	14	onehalf	onehalf	NOUN
ftr-323	955	15	(	(	PUNCT
ftr-323	955	16	i.e.	i.e.	X
ftr-323	955	17	,	,	PUNCT
ftr-323	955	18	$	$	SYM
ftr-323	955	19	100,000	100,000	NUM
ftr-323	955	20	)	)	PUNCT
ftr-323	955	21	of	of	ADP
ftr-323	955	22	this	this	DET
ftr-323	955	23	inventory	inventory	NOUN
ftr-323	955	24	sales	sale	NOUN
ftr-323	955	25	income	income	NOUN
ftr-323	955	26	as	as	ADP
ftr-323	955	27	foreign	foreign	ADJ
ftr-323	955	28	-	-	PUNCT
ftr-323	955	29	source	source	NOUN
ftr-323	955	30	income	income	NOUN
ftr-323	955	31	even	even	ADV
ftr-323	955	32	though	though	SCONJ
ftr-323	955	33	it	it	PRON
ftr-323	955	34	is	be	AUX
ftr-323	955	35	not	not	PART
ftr-323	955	36	subject	subject	ADJ
ftr-323	955	37	to	to	ADP
ftr-323	955	38	tax	tax	NOUN
ftr-323	955	39	in	in	ADP
ftr-323	955	40	any	any	DET
ftr-323	955	41	foreign	foreign	ADJ
ftr-323	955	42	country	country	NOUN
ftr-323	955	43	and	and	CCONJ
ftr-323	955	44	,	,	PUNCT
ftr-323	955	45	in	in	ADP
ftr-323	955	46	terms	term	NOUN
ftr-323	955	47	of	of	ADP
ftr-323	955	48	economic	economic	ADJ
ftr-323	955	49	connection	connection	NOUN
ftr-323	955	50	,	,	PUNCT
ftr-323	955	51	should	should	AUX
ftr-323	955	52	be	be	AUX
ftr-323	955	53	characterized	characterize	VERB
ftr-323	955	54	as	as	ADP
ftr-323	955	55	entirely	entirely	ADV
ftr-323	955	56	u.s.-source	u.s.-source	ADJ
ftr-323	955	57	income	income	NOUN
ftr-323	955	58	.	.	PUNCT
ftr-323	956	1	thus	thus	ADV
ftr-323	956	2	,	,	PUNCT
ftr-323	956	3	usco	usco	PROPN
ftr-323	956	4	has	have	VERB
ftr-323	956	5	total	total	ADJ
ftr-323	956	6	pre	pre	ADJ
ftr-323	956	7	-	-	ADJ
ftr-323	956	8	tax	tax	ADJ
ftr-323	956	9	foreign	foreign	ADJ
ftr-323	956	10	-	-	PUNCT
ftr-323	956	11	source	source	NOUN
ftr-323	956	12	income	income	NOUN
ftr-323	956	13	of	of	ADP
ftr-323	956	14	$	$	SYM
ftr-323	956	15	400,000	400,000	NUM
ftr-323	956	16	,	,	PUNCT
ftr-323	956	17	consisting	consist	VERB
ftr-323	956	18	of	of	ADP
ftr-323	956	19	$	$	SYM
ftr-323	956	20	300,000	300,000	NUM
ftr-323	956	21	earned	earn	VERB
ftr-323	956	22	in	in	ADP
ftr-323	956	23	hightaxia	hightaxia	NOUN
ftr-323	956	24	and	and	CCONJ
ftr-323	956	25	$	$	SYM
ftr-323	956	26	100,000	100,000	NUM
ftr-323	956	27	artificially	artificially	ADV
ftr-323	956	28	created	create	VERB
ftr-323	956	29	by	by	ADP
ftr-323	956	30	the	the	DET
ftr-323	956	31	export	export	NOUN
ftr-323	956	32	sales	sale	NOUN
ftr-323	956	33	source	source	NOUN
ftr-323	956	34	rule	rule	NOUN
ftr-323	956	35	with	with	ADP
ftr-323	956	36	respect	respect	NOUN
ftr-323	956	37	to	to	ADP
ftr-323	956	38	transactions	transaction	NOUN
ftr-323	956	39	with	with	ADP
ftr-323	956	40	otherland	otherland	NOUN
ftr-323	956	41	distributors	distributor	NOUN
ftr-323	956	42	.	.	PUNCT
ftr-323	957	1	under	under	ADP
ftr-323	957	2	current	current	ADJ
ftr-323	957	3	u.s	u.s	PROPN
ftr-323	957	4	.	.	PROPN
ftr-323	957	5	law	law	NOUN
ftr-323	957	6	,	,	PUNCT
ftr-323	957	7	this	this	DET
ftr-323	957	8	latter	latter	ADJ
ftr-323	957	9	$	$	SYM
ftr-323	957	10	100,000	100,000	NUM
ftr-323	957	11	of	of	ADP
ftr-323	957	12	foreignsource	foreignsource	NOUN
ftr-323	957	13	income	income	NOUN
ftr-323	957	14	falls	fall	VERB
ftr-323	957	15	within	within	ADP
ftr-323	957	16	the	the	DET
ftr-323	957	17	general	general	ADJ
ftr-323	957	18	category	category	NOUN
ftr-323	957	19	income	income	NOUN
ftr-323	957	20	limitation	limitation	NOUN
ftr-323	957	21	basket	basket	NOUN
ftr-323	957	22	,	,	PUNCT
ftr-323	957	23	where	where	SCONJ
ftr-323	957	24	the	the	DET
ftr-323	957	25	high	high	ADJ
ftr-323	957	26	foreign	foreign	ADJ
ftr-323	957	27	taxes	taxis	NOUN
ftr-323	957	28	on	on	ADP
ftr-323	957	29	usco	usco	PROPN
ftr-323	957	30	’s	’s	PART
ftr-323	957	31	active	active	ADJ
ftr-323	957	32	foreign	foreign	ADJ
ftr-323	957	33	business	business	NOUN
ftr-323	957	34	income	income	NOUN
ftr-323	957	35	in	in	ADP
ftr-323	957	36	hightaxia	hightaxia	NOUN
ftr-323	957	37	can	can	AUX
ftr-323	957	38	be	be	AUX
ftr-323	957	39	cross	cross	NOUN
ftr-323	957	40	credited	credit	VERB
ftr-323	957	41	against	against	ADP
ftr-323	957	42	the	the	DET
ftr-323	957	43	zero	zero	NUM
ftr-323	957	44	-	-	PUNCT
ftr-323	957	45	foreign	foreign	NOUN
ftr-323	957	46	-	-	PUNCT
ftr-323	957	47	taxed	tax	VERB
ftr-323	957	48	$	$	SYM
ftr-323	957	49	100,000	100,000	NUM
ftr-323	957	50	of	of	ADP
ftr-323	957	51	export	export	NOUN
ftr-323	957	52	sales	sale	NOUN
ftr-323	957	53	income	income	NOUN
ftr-323	957	54	.	.	PUNCT
ftr-323	958	1	usco	usco	PROPN
ftr-323	958	2	’s	’s	PART
ftr-323	958	3	foreign	foreign	ADJ
ftr-323	958	4	tax	tax	NOUN
ftr-323	958	5	credit	credit	NOUN
ftr-323	958	6	limitation	limitation	NOUN
ftr-323	958	7	for	for	ADP
ftr-323	958	8	the	the	DET
ftr-323	958	9	general	general	ADJ
ftr-323	958	10	category	category	NOUN
ftr-323	958	11	income	income	NOUN
ftr-323	958	12	limitation	limitation	NOUN
ftr-323	958	13	basket	basket	NOUN
ftr-323	958	14	is	be	AUX
ftr-323	958	15	$	$	SYM
ftr-323	958	16	140,000	140,000	NUM
ftr-323	958	17	(	(	PUNCT
ftr-323	958	18	i.e.	i.e.	X
ftr-323	958	19	,	,	PUNCT
ftr-323	958	20	$	$	SYM
ftr-323	958	21	400,000/$1,000,000	400,000/$1,000,000	NUM
ftr-323	958	22	×	×	NOUN
ftr-323	958	23	$	$	SYM
ftr-323	958	24	350,000	350,000	NUM
ftr-323	958	25	=	=	SYM
ftr-323	958	26	$	$	SYM
ftr-323	958	27	140,000	140,000	NUM
ftr-323	958	28	)	)	PUNCT
ftr-323	958	29	,	,	PUNCT
ftr-323	958	30	so	so	ADV
ftr-323	958	31	all	all	DET
ftr-323	958	32	$	$	SYM
ftr-323	958	33	135,000	135,000	NUM
ftr-323	958	34	of	of	ADP
ftr-323	958	35	the	the	DET
ftr-323	958	36	foreign	foreign	ADJ
ftr-323	958	37	taxes	taxis	NOUN
ftr-323	958	38	paid	pay	VERB
ftr-323	958	39	by	by	ADP
ftr-323	958	40	usco	usco	PROPN
ftr-323	958	41	can	can	AUX
ftr-323	958	42	be	be	AUX
ftr-323	958	43	credited	credit	VERB
ftr-323	958	44	in	in	ADP
ftr-323	958	45	the	the	DET
ftr-323	958	46	current	current	ADJ
ftr-323	958	47	year	year	NOUN
ftr-323	958	48	.	.	PUNCT
ftr-323	959	1	in	in	ADP
ftr-323	959	2	effect	effect	NOUN
ftr-323	959	3	,	,	PUNCT
ftr-323	959	4	usco	usco	PROPN
ftr-323	959	5	’s	’s	PART
ftr-323	959	6	total	total	ADJ
ftr-323	959	7	“	"	PUNCT
ftr-323	959	8	real	real	ADJ
ftr-323	959	9	”	"	PUNCT
ftr-323	959	10	foreignsource	foreignsource	NOUN
ftr-323	959	11	income	income	NOUN
ftr-323	959	12	for	for	ADP
ftr-323	959	13	the	the	DET
ftr-323	959	14	current	current	ADJ
ftr-323	959	15	year	year	NOUN
ftr-323	959	16	of	of	ADP
ftr-323	959	17	$	$	SYM
ftr-323	959	18	300,000	300,000	NUM
ftr-323	959	19	(	(	PUNCT
ftr-323	959	20	excluding	exclude	VERB
ftr-323	959	21	the	the	DET
ftr-323	959	22	$	$	SYM
ftr-323	959	23	100,000	100,000	NUM
ftr-323	959	24	of	of	ADP
ftr-323	959	25	export	export	NOUN
ftr-323	959	26	sales	sale	NOUN
ftr-323	959	27	income	income	NOUN
ftr-323	959	28	that	that	PRON
ftr-323	959	29	is	be	AUX
ftr-323	959	30	improperly	improperly	ADV
ftr-323	959	31	treated	treat	VERB
ftr-323	959	32	as	as	ADP
ftr-323	959	33	foreign	foreign	ADJ
ftr-323	959	34	-	-	PUNCT
ftr-323	959	35	source	source	NOUN
ftr-323	959	36	income	income	NOUN
ftr-323	959	37	under	under	ADP
ftr-323	959	38	current	current	ADJ
ftr-323	959	39	law	law	NOUN
ftr-323	959	40	)	)	PUNCT
ftr-323	959	41	effectively	effectively	ADV
ftr-323	959	42	bears	bear	VERB
ftr-323	959	43	a	a	DET
ftr-323	959	44	negative	negative	ADJ
ftr-323	959	45	u.s	u.s	PROPN
ftr-323	959	46	.	.	PROPN
ftr-323	959	47	tax	tax	NOUN
ftr-323	959	48	.	.	PUNCT
ftr-323	960	1	this	this	PRON
ftr-323	960	2	is	be	AUX
ftr-323	960	3	because	because	SCONJ
ftr-323	960	4	the	the	DET
ftr-323	960	5	u.s	u.s	PROPN
ftr-323	960	6	.	.	PROPN
ftr-323	960	7	credit	credit	NOUN
ftr-323	960	8	for	for	ADP
ftr-323	960	9	the	the	DET
ftr-323	960	10	$	$	SYM
ftr-323	960	11	135,000	135,000	NUM
ftr-323	960	12	of	of	ADP
ftr-323	960	13	tax	tax	NOUN
ftr-323	960	14	paid	pay	VERB
ftr-323	960	15	to	to	ADP
ftr-323	960	16	hightaxia	hightaxia	NOUN
ftr-323	960	17	eliminates	eliminate	VERB
ftr-323	960	18	the	the	DET
ftr-323	960	19	entire	entire	ADJ
ftr-323	960	20	$	$	SYM
ftr-323	960	21	105,000	105,000	NUM
ftr-323	960	22	of	of	ADP
ftr-323	960	23	u.s	u.s	PROPN
ftr-323	960	24	.	.	PROPN
ftr-323	960	25	tax	tax	NOUN
ftr-323	960	26	on	on	ADP
ftr-323	960	27	the	the	DET
ftr-323	960	28	$	$	SYM
ftr-323	960	29	300,000	300,000	NUM
ftr-323	960	30	of	of	ADP
ftr-323	960	31	properly	properly	ADV
ftr-323	960	32	characterized	characterize	VERB
ftr-323	960	33	foreign	foreign	ADJ
ftr-323	960	34	-	-	PUNCT
ftr-323	960	35	source	source	NOUN
ftr-323	960	36	income	income	NOUN
ftr-323	960	37	(	(	PUNCT
ftr-323	960	38	$	$	SYM
ftr-323	960	39	300,000	300,000	NUM
ftr-323	960	40	×	×	NOUN
ftr-323	960	41	.35	.35	NUM
ftr-323	960	42	=	=	SYM
ftr-323	960	43	$	$	SYM
ftr-323	960	44	105,000	105,000	NUM
ftr-323	960	45	)	)	PUNCT
ftr-323	960	46	and	and	CCONJ
ftr-323	960	47	also	also	ADV
ftr-323	960	48	reduces	reduce	VERB
ftr-323	960	49	the	the	DET
ftr-323	960	50	35	35	NUM
ftr-323	960	51	percent	percent	NOUN
ftr-323	960	52	u.s	u.s	PROPN
ftr-323	960	53	.	.	PROPN
ftr-323	960	54	tax	tax	NOUN
ftr-323	960	55	on	on	ADP
ftr-323	960	56	the	the	DET
ftr-323	960	57	$	$	SYM
ftr-323	960	58	100,000	100,000	NUM
ftr-323	960	59	of	of	ADP
ftr-323	960	60	artificially	artificially	ADV
ftr-323	960	61	characterized	characterize	VERB
ftr-323	960	62	foreign	foreign	ADJ
ftr-323	960	63	-	-	PUNCT
ftr-323	960	64	source	source	NOUN
ftr-323	960	65	income	income	NOUN
ftr-323	960	66	from	from	ADP
ftr-323	960	67	$	$	SYM
ftr-323	960	68	35,000	35,000	NUM
ftr-323	960	69	to	to	PART
ftr-323	960	70	$	$	SYM
ftr-323	960	71	5,000	5,000	NUM
ftr-323	960	72	.	.	PUNCT
ftr-323	961	1	thus	thus	ADV
ftr-323	961	2	,	,	PUNCT
ftr-323	961	3	$	$	SYM
ftr-323	961	4	30,000	30,000	NUM
ftr-323	961	5	of	of	ADP
ftr-323	961	6	u.s	u.s	PROPN
ftr-323	961	7	.	.	PROPN
ftr-323	961	8	tax	tax	NOUN
ftr-323	961	9	is	be	AUX
ftr-323	961	10	saved	save	VERB
ftr-323	961	11	with	with	ADP
ftr-323	961	12	respect	respect	NOUN
ftr-323	961	13	to	to	ADP
ftr-323	961	14	$	$	SYM
ftr-323	961	15	100,000	100,000	NUM
ftr-323	961	16	of	of	ADP
ftr-323	961	17	income	income	NOUN
ftr-323	961	18	that	that	PRON
ftr-323	961	19	is	be	AUX
ftr-323	961	20	,	,	PUNCT
ftr-323	961	21	in	in	ADP
ftr-323	961	22	substance	substance	NOUN
ftr-323	961	23	,	,	PUNCT
ftr-323	961	24	u.s.-source	u.s.-source	ADJ
ftr-323	961	25	income	income	NOUN
ftr-323	961	26	that	that	PRON
ftr-323	961	27	should	should	AUX
ftr-323	961	28	not	not	PART
ftr-323	961	29	produce	produce	VERB
ftr-323	961	30	a	a	DET
ftr-323	961	31	foreign	foreign	ADJ
ftr-323	961	32	tax	tax	NOUN
ftr-323	961	33	credit	credit	NOUN
ftr-323	961	34	.	.	PUNCT
ftr-323	962	1	this	this	DET
ftr-323	962	2	inappropriate	inappropriate	ADJ
ftr-323	962	3	saving	saving	NOUN
ftr-323	962	4	amounts	amount	NOUN
ftr-323	962	5	to	to	ADP
ftr-323	962	6	a	a	DET
ftr-323	962	7	10	10	NUM
ftr-323	962	8	percent	percent	NOUN
ftr-323	962	9	negative	negative	ADJ
ftr-323	962	10	tax	tax	NOUN
ftr-323	962	11	on	on	ADP
ftr-323	962	12	the	the	DET
ftr-323	962	13	$	$	SYM
ftr-323	962	14	300,000	300,000	NUM
ftr-323	962	15	of	of	ADP
ftr-323	962	16	“	"	PUNCT
ftr-323	962	17	real	real	ADJ
ftr-323	962	18	”	"	PUNCT
ftr-323	962	19	foreignsource	foreignsource	NOUN
ftr-323	962	20	income	income	NOUN
ftr-323	962	21	(	(	PUNCT
ftr-323	962	22	i.e.	i.e.	X
ftr-323	962	23	,	,	PUNCT
ftr-323	962	24	$	$	SYM
ftr-323	962	25	30,000	30,000	NUM
ftr-323	962	26	/	/	SYM
ftr-323	962	27	$	$	SYM
ftr-323	962	28	300,000	300,000	NUM
ftr-323	962	29	=	=	NUM
ftr-323	962	30	.10	.10	NUM
ftr-323	962	31	)	)	PUNCT
ftr-323	962	32	.	.	PUNCT
ftr-323	963	1	this	this	DET
ftr-323	963	2	negative	negative	ADJ
ftr-323	963	3	tax	tax	NOUN
ftr-323	963	4	result	result	NOUN
ftr-323	963	5	exceeds	exceed	VERB
ftr-323	963	6	the	the	DET
ftr-323	963	7	double	double	ADJ
ftr-323	963	8	tax	tax	NOUN
ftr-323	963	9	relief	relief	NOUN
ftr-323	963	10	purpose	purpose	NOUN
ftr-323	963	11	of	of	ADP
ftr-323	963	12	an	an	DET
ftr-323	963	13	exemption	exemption	NOUN
ftr-323	963	14	system	system	NOUN
ftr-323	963	15	.	.	PUNCT
ftr-323	964	1	nevertheless	nevertheless	ADV
ftr-323	964	2	,	,	PUNCT
ftr-323	964	3	it	it	PRON
ftr-323	964	4	seems	seem	VERB
ftr-323	964	5	likely	likely	ADJ
ftr-323	964	6	that	that	SCONJ
ftr-323	964	7	the	the	DET
ftr-323	964	8	benefit	benefit	NOUN
ftr-323	964	9	of	of	ADP
ftr-323	964	10	a	a	DET
ftr-323	964	11	negative	negative	ADJ
ftr-323	964	12	tax	tax	NOUN
ftr-323	964	13	will	will	AUX
ftr-323	964	14	be	be	AUX
ftr-323	964	15	even	even	ADV
ftr-323	964	16	harder	hard	ADJ
ftr-323	964	17	to	to	PART
ftr-323	964	18	surrender	surrender	VERB
ftr-323	964	19	than	than	ADP
ftr-323	964	20	the	the	DET
ftr-323	964	21	benefit	benefit	NOUN
ftr-323	964	22	of	of	ADP
ftr-323	964	23	a	a	DET
ftr-323	964	24	zero	zero	NUM
ftr-323	964	25	tax	tax	NOUN
ftr-323	964	26	.	.	PUNCT
ftr-323	965	1	consequently	consequently	ADV
ftr-323	965	2	,	,	PUNCT
ftr-323	965	3	taxpayers	taxpayer	NOUN
ftr-323	965	4	presently	presently	ADV
ftr-323	965	5	enjoying	enjoy	VERB
ftr-323	965	6	the	the	DET
ftr-323	965	7	effects	effect	NOUN
ftr-323	965	8	of	of	ADP
ftr-323	965	9	the	the	DET
ftr-323	965	10	export	export	NOUN
ftr-323	965	11	sales	sale	NOUN
ftr-323	965	12	source	source	NOUN
ftr-323	965	13	rule	rule	NOUN
ftr-323	965	14	in	in	ADP
ftr-323	965	15	the	the	DET
ftr-323	965	16	u.s	u.s	PROPN
ftr-323	965	17	.	.	PROPN
ftr-323	965	18	system	system	NOUN
ftr-323	965	19	can	can	AUX
ftr-323	965	20	be	be	AUX
ftr-323	965	21	expected	expect	VERB
ftr-323	965	22	to	to	PART
ftr-323	965	23	press	press	VERB
ftr-323	965	24	for	for	ADP
ftr-323	965	25	inclusion	inclusion	NOUN
ftr-323	965	26	of	of	ADP
ftr-323	965	27	the	the	DET
ftr-323	965	28	rule	rule	NOUN
ftr-323	965	29	,	,	PUNCT
ftr-323	965	30	and	and	CCONJ
ftr-323	965	31	its	its	PRON
ftr-323	965	32	negative	negative	ADJ
ftr-323	965	33	tax	tax	NOUN
ftr-323	965	34	consequence	consequence	NOUN
ftr-323	965	35	,	,	PUNCT
ftr-323	965	36	in	in	ADP
ftr-323	965	37	a	a	DET
ftr-323	965	38	u.s	u.s	PROPN
ftr-323	965	39	.	.	PROPN
ftr-323	965	40	exemption	exemption	NOUN
ftr-323	965	41	system	system	NOUN
ftr-323	965	42	.	.	PUNCT
ftr-323	966	1	as	as	SCONJ
ftr-323	966	2	explained	explain	VERB
ftr-323	966	3	earlier	early	ADV
ftr-323	966	4	,	,	PUNCT
ftr-323	966	5	however	however	ADV
ftr-323	966	6	,	,	PUNCT
ftr-323	966	7	nothing	nothing	PRON
ftr-323	966	8	in	in	ADP
ftr-323	966	9	international	international	ADJ
ftr-323	966	10	law	law	NOUN
ftr-323	966	11	requires	require	VERB
ftr-323	966	12	an	an	DET
ftr-323	966	13	448	448	NUM
ftr-323	966	14	florida	florida	PROPN
ftr-323	966	15	tax	tax	NOUN
ftr-323	966	16	review	review	NOUN
ftr-323	967	1	[	[	X
ftr-323	967	2	vol	vol	NOUN
ftr-323	967	3	.	.	PUNCT
ftr-323	968	1	13:8	13:8	NUM
ftr-323	968	2	exemption	exemption	NOUN
ftr-323	968	3	system	system	NOUN
ftr-323	968	4	to	to	PART
ftr-323	968	5	go	go	VERB
ftr-323	968	6	below	below	ADP
ftr-323	968	7	zero	zero	NUM
ftr-323	968	8	and	and	CCONJ
ftr-323	968	9	no	no	DET
ftr-323	968	10	equitable	equitable	ADJ
ftr-323	968	11	norm	norm	NOUN
ftr-323	968	12	requires	require	VERB
ftr-323	968	13	a	a	DET
ftr-323	968	14	subzero	subzero	NOUN
ftr-323	968	15	result	result	NOUN
ftr-323	968	16	.	.	PUNCT
ftr-323	969	1	thus	thus	ADV
ftr-323	969	2	,	,	PUNCT
ftr-323	969	3	a	a	DET
ftr-323	969	4	negative	negative	ADJ
ftr-323	969	5	tax	tax	NOUN
ftr-323	969	6	rate	rate	NOUN
ftr-323	969	7	in	in	ADP
ftr-323	969	8	a	a	DET
ftr-323	969	9	u.s	u.s	PROPN
ftr-323	969	10	.	.	PROPN
ftr-323	969	11	exemption	exemption	NOUN
ftr-323	969	12	system	system	NOUN
ftr-323	969	13	would	would	AUX
ftr-323	969	14	be	be	AUX
ftr-323	969	15	a	a	DET
ftr-323	969	16	tax	tax	NOUN
ftr-323	969	17	expenditure	expenditure	NOUN
ftr-323	969	18	that	that	PRON
ftr-323	969	19	should	should	AUX
ftr-323	969	20	be	be	AUX
ftr-323	969	21	subjected	subject	VERB
ftr-323	969	22	to	to	ADP
ftr-323	969	23	rigorous	rigorous	ADJ
ftr-323	969	24	cost	cost	NOUN
ftr-323	969	25	/	/	SYM
ftr-323	969	26	benefit	benefit	NOUN
ftr-323	969	27	analysis	analysis	NOUN
ftr-323	969	28	.	.	PUNCT
ftr-323	970	1	b.	b.	PROPN
ftr-323	970	2	misallocated	misallocated	PROPN
ftr-323	970	3	expenses	expense	VERB
ftr-323	970	4	a	a	DET
ftr-323	970	5	general	general	ADJ
ftr-323	970	6	principle	principle	NOUN
ftr-323	970	7	of	of	ADP
ftr-323	970	8	the	the	DET
ftr-323	970	9	u.s	u.s	PROPN
ftr-323	970	10	.	.	PROPN
ftr-323	970	11	income	income	NOUN
ftr-323	970	12	tax	tax	NOUN
ftr-323	970	13	is	be	AUX
ftr-323	970	14	that	that	SCONJ
ftr-323	970	15	expenses	expense	NOUN
ftr-323	970	16	allocable	allocable	ADJ
ftr-323	970	17	to	to	PART
ftr-323	970	18	exempt	exempt	VERB
ftr-323	970	19	income	income	NOUN
ftr-323	970	20	should	should	AUX
ftr-323	970	21	not	not	PART
ftr-323	970	22	be	be	AUX
ftr-323	970	23	allowed	allow	VERB
ftr-323	970	24	as	as	ADP
ftr-323	970	25	income	income	NOUN
ftr-323	970	26	tax	tax	NOUN
ftr-323	970	27	deductions171	deductions171	PROPN
ftr-323	970	28	unless	unless	SCONJ
ftr-323	970	29	congress	congress	PROPN
ftr-323	970	30	deliberately	deliberately	ADV
ftr-323	970	31	chooses	choose	VERB
ftr-323	970	32	to	to	PART
ftr-323	970	33	increase	increase	VERB
ftr-323	970	34	the	the	DET
ftr-323	970	35	exempt	exempt	ADJ
ftr-323	970	36	activity	activity	NOUN
ftr-323	970	37	’s	’s	PART
ftr-323	970	38	tax	tax	NOUN
ftr-323	970	39	advantage	advantage	NOUN
ftr-323	970	40	by	by	ADP
ftr-323	970	41	reducing	reduce	VERB
ftr-323	970	42	the	the	DET
ftr-323	970	43	effective	effective	ADJ
ftr-323	970	44	u.s	u.s	PROPN
ftr-323	970	45	.	.	PROPN
ftr-323	970	46	tax	tax	NOUN
ftr-323	970	47	rate	rate	NOUN
ftr-323	970	48	below	below	ADP
ftr-323	970	49	zero.172	zero.172	PROPN
ftr-323	970	50	nevertheless	nevertheless	ADV
ftr-323	970	51	,	,	PUNCT
ftr-323	970	52	the	the	DET
ftr-323	970	53	current	current	ADJ
ftr-323	970	54	u.s	u.s	PROPN
ftr-323	970	55	.	.	PROPN
ftr-323	970	56	international	international	ADJ
ftr-323	970	57	income	income	NOUN
ftr-323	970	58	tax	tax	NOUN
ftr-323	970	59	system	system	NOUN
ftr-323	970	60	allows	allow	VERB
ftr-323	970	61	certain	certain	ADJ
ftr-323	970	62	deductions	deduction	NOUN
ftr-323	970	63	that	that	PRON
ftr-323	970	64	effectively	effectively	ADV
ftr-323	970	65	create	create	VERB
ftr-323	970	66	a	a	DET
ftr-323	970	67	negative	negative	ADJ
ftr-323	970	68	u.s	u.s	PROPN
ftr-323	970	69	.	.	PROPN
ftr-323	970	70	tax	tax	NOUN
ftr-323	970	71	even	even	ADV
ftr-323	970	72	though	though	SCONJ
ftr-323	970	73	there	there	PRON
ftr-323	970	74	is	be	VERB
ftr-323	970	75	no	no	DET
ftr-323	970	76	evidence	evidence	NOUN
ftr-323	970	77	that	that	SCONJ
ftr-323	970	78	congress	congress	PROPN
ftr-323	970	79	intended	intend	VERB
ftr-323	970	80	to	to	PART
ftr-323	970	81	confer	confer	VERB
ftr-323	970	82	such	such	DET
ftr-323	970	83	a	a	DET
ftr-323	970	84	benefit	benefit	NOUN
ftr-323	970	85	.	.	PUNCT
ftr-323	971	1	example	example	NOUN
ftr-323	971	2	3	3	NUM
ftr-323	971	3	illustrates	illustrate	VERB
ftr-323	971	4	this	this	DET
ftr-323	971	5	phenomenon	phenomenon	NOUN
ftr-323	971	6	.	.	PUNCT
ftr-323	972	1	example	example	NOUN
ftr-323	972	2	3	3	NUM
ftr-323	972	3	usco	usco	NOUN
ftr-323	972	4	,	,	PUNCT
ftr-323	972	5	a	a	DET
ftr-323	972	6	u.s	u.s	PROPN
ftr-323	972	7	.	.	PROPN
ftr-323	972	8	multinational	multinational	ADJ
ftr-323	972	9	corporation	corporation	NOUN
ftr-323	972	10	is	be	AUX
ftr-323	972	11	taxed	tax	VERB
ftr-323	972	12	on	on	ADP
ftr-323	972	13	its	its	PRON
ftr-323	972	14	u.s.-source	u.s.-source	ADJ
ftr-323	972	15	income	income	NOUN
ftr-323	972	16	at	at	ADP
ftr-323	972	17	35	35	NUM
ftr-323	972	18	percent	percent	NOUN
ftr-323	972	19	.	.	PUNCT
ftr-323	973	1	usco	usco	PROPN
ftr-323	973	2	owns	own	VERB
ftr-323	973	3	all	all	DET
ftr-323	973	4	the	the	DET
ftr-323	973	5	stock	stock	NOUN
ftr-323	973	6	of	of	ADP
ftr-323	973	7	subco	subco	PROPN
ftr-323	973	8	,	,	PUNCT
ftr-323	973	9	a	a	DET
ftr-323	973	10	lowtaxia	lowtaxia	ADJ
ftr-323	973	11	corporation	corporation	NOUN
ftr-323	973	12	actively	actively	ADV
ftr-323	973	13	engaged	engage	VERB
ftr-323	973	14	in	in	ADP
ftr-323	973	15	manufacturing	manufacturing	NOUN
ftr-323	973	16	operations	operation	NOUN
ftr-323	973	17	.	.	PUNCT
ftr-323	974	1	lowtaxia	lowtaxia	PROPN
ftr-323	974	2	is	be	AUX
ftr-323	974	3	a	a	DET
ftr-323	974	4	tax	tax	NOUN
ftr-323	974	5	haven	haven	NOUN
ftr-323	974	6	that	that	PRON
ftr-323	974	7	has	have	VERB
ftr-323	974	8	no	no	DET
ftr-323	974	9	income	income	NOUN
ftr-323	974	10	tax	tax	NOUN
ftr-323	974	11	and	and	CCONJ
ftr-323	974	12	no	no	DET
ftr-323	974	13	withholding	withholding	NOUN
ftr-323	974	14	tax	tax	NOUN
ftr-323	974	15	on	on	ADP
ftr-323	974	16	dividends	dividend	NOUN
ftr-323	974	17	.	.	PUNCT
ftr-323	975	1	under	under	ADP
ftr-323	975	2	current	current	ADJ
ftr-323	975	3	u.s	u.s	PROPN
ftr-323	975	4	.	.	PROPN
ftr-323	975	5	income	income	PROPN
ftr-323	975	6	tax	tax	NOUN
ftr-323	975	7	law	law	NOUN
ftr-323	975	8	,	,	PUNCT
ftr-323	975	9	u.s	u.s	PROPN
ftr-323	975	10	.	.	PROPN
ftr-323	975	11	tax	tax	NOUN
ftr-323	975	12	on	on	ADP
ftr-323	975	13	subco	subco	PROPN
ftr-323	975	14	’s	’s	PART
ftr-323	975	15	lowtaxia	lowtaxia	ADJ
ftr-323	975	16	income	income	NOUN
ftr-323	975	17	is	be	AUX
ftr-323	975	18	deferred	defer	VERB
ftr-323	975	19	until	until	SCONJ
ftr-323	975	20	that	that	DET
ftr-323	975	21	income	income	NOUN
ftr-323	975	22	is	be	AUX
ftr-323	975	23	distributed	distribute	VERB
ftr-323	975	24	to	to	ADP
ftr-323	975	25	usco	usco	VERB
ftr-323	975	26	as	as	SCONJ
ftr-323	975	27	dividends.173	dividends.173	PROPN
ftr-323	975	28	usco	usco	PROPN
ftr-323	975	29	incurs	incur	VERB
ftr-323	975	30	$	$	SYM
ftr-323	975	31	100,000	100,000	NUM
ftr-323	975	32	of	of	ADP
ftr-323	975	33	expense	expense	NOUN
ftr-323	975	34	at	at	ADP
ftr-323	975	35	its	its	PRON
ftr-323	975	36	u.s	u.s	PROPN
ftr-323	975	37	.	.	PROPN
ftr-323	975	38	headquarters	headquarters	NOUN
ftr-323	975	39	solely	solely	ADV
ftr-323	975	40	for	for	ADP
ftr-323	975	41	its	its	PRON
ftr-323	975	42	own	own	ADJ
ftr-323	975	43	benefit	benefit	NOUN
ftr-323	975	44	to	to	PART
ftr-323	975	45	monitor	monitor	VERB
ftr-323	975	46	subco	subco	PROPN
ftr-323	975	47	’s	’s	PART
ftr-323	975	48	management	management	NOUN
ftr-323	975	49	and	and	CCONJ
ftr-323	975	50	operations	operation	NOUN
ftr-323	975	51	.	.	PUNCT
ftr-323	976	1	because	because	SCONJ
ftr-323	976	2	the	the	DET
ftr-323	976	3	united	united	PROPN
ftr-323	976	4	states	states	PROPN
ftr-323	976	5	defers	defer	VERB
ftr-323	976	6	the	the	DET
ftr-323	976	7	u.s	u.s	PROPN
ftr-323	976	8	.	.	PROPN
ftr-323	976	9	tax	tax	NOUN
ftr-323	976	10	on	on	ADP
ftr-323	976	11	subco	subco	PROPN
ftr-323	976	12	’s	’s	PART
ftr-323	976	13	income	income	NOUN
ftr-323	976	14	until	until	SCONJ
ftr-323	976	15	subco	subco	PROPN
ftr-323	976	16	pays	pay	VERB
ftr-323	976	17	dividends	dividend	NOUN
ftr-323	976	18	to	to	ADP
ftr-323	976	19	usco	usco	PROPN
ftr-323	976	20	,	,	PUNCT
ftr-323	976	21	usco	usco	NOUN
ftr-323	976	22	should	should	AUX
ftr-323	976	23	be	be	AUX
ftr-323	976	24	required	require	VERB
ftr-323	976	25	to	to	PART
ftr-323	976	26	defer	defer	VERB
ftr-323	976	27	a	a	DET
ftr-323	976	28	u.s	u.s	PROPN
ftr-323	976	29	.	.	PROPN
ftr-323	976	30	deduction	deduction	NOUN
ftr-323	976	31	for	for	ADP
ftr-323	976	32	the	the	DET
ftr-323	976	33	$	$	SYM
ftr-323	976	34	100,000	100,000	NUM
ftr-323	976	35	expense	expense	NOUN
ftr-323	976	36	until	until	SCONJ
ftr-323	976	37	subco	subco	PROPN
ftr-323	976	38	pays	pay	VERB
ftr-323	976	39	the	the	DET
ftr-323	976	40	related	related	ADJ
ftr-323	976	41	income	income	NOUN
ftr-323	976	42	to	to	ADP
ftr-323	976	43	usco	usco	PROPN
ftr-323	976	44	.	.	PUNCT
ftr-323	977	1	nevertheless	nevertheless	ADV
ftr-323	977	2	,	,	PUNCT
ftr-323	977	3	under	under	ADP
ftr-323	977	4	current	current	ADJ
ftr-323	977	5	law	law	NOUN
ftr-323	977	6	,	,	PUNCT
ftr-323	977	7	usco	usco	PROPN
ftr-323	977	8	is	be	AUX
ftr-323	977	9	allowed	allow	VERB
ftr-323	977	10	to	to	PART
ftr-323	977	11	deduct	deduct	VERB
ftr-323	977	12	the	the	DET
ftr-323	977	13	$	$	SYM
ftr-323	977	14	100,000	100,000	NUM
ftr-323	977	15	expense	expense	NOUN
ftr-323	977	16	at	at	ADP
ftr-323	977	17	the	the	DET
ftr-323	977	18	time	time	NOUN
ftr-323	977	19	it	it	PRON
ftr-323	977	20	is	be	AUX
ftr-323	977	21	incurred.174	incurred.174	ADJ
ftr-323	977	22	failure	failure	NOUN
ftr-323	977	23	to	to	PART
ftr-323	977	24	defer	defer	VERB
ftr-323	977	25	the	the	DET
ftr-323	977	26	deduction	deduction	NOUN
ftr-323	977	27	means	mean	VERB
ftr-323	977	28	that	that	SCONJ
ftr-323	977	29	during	during	ADP
ftr-323	977	30	the	the	DET
ftr-323	977	31	period	period	NOUN
ftr-323	977	32	that	that	PRON
ftr-323	977	33	subco	subco	PROPN
ftr-323	977	34	holds	hold	VERB
ftr-323	977	35	the	the	DET
ftr-323	977	36	related	related	ADJ
ftr-323	977	37	income	income	NOUN
ftr-323	977	38	offshore	offshore	ADV
ftr-323	977	39	,	,	PUNCT
ftr-323	977	40	usco	usco	PROPN
ftr-323	977	41	effectively	effectively	ADV
ftr-323	977	42	enjoys	enjoy	VERB
ftr-323	977	43	an	an	DET
ftr-323	977	44	interest	interest	NOUN
ftr-323	977	45	-	-	PUNCT
ftr-323	977	46	free	free	ADJ
ftr-323	977	47	loan	loan	NOUN
ftr-323	977	48	from	from	ADP
ftr-323	977	49	the	the	DET
ftr-323	977	50	u.s	u.s	PROPN
ftr-323	977	51	.	.	PROPN
ftr-323	977	52	government	government	NOUN
ftr-323	977	53	equal	equal	ADJ
ftr-323	977	54	to	to	ADP
ftr-323	977	55	the	the	DET
ftr-323	977	56	$	$	SYM
ftr-323	977	57	35,000	35,000	NUM
ftr-323	977	58	u.s	u.s	PROPN
ftr-323	977	59	.	.	PROPN
ftr-323	977	60	tax	tax	NOUN
ftr-323	977	61	saving	saving	NOUN
ftr-323	977	62	171	171	NUM
ftr-323	977	63	.	.	PUNCT
ftr-323	978	1	see	see	VERB
ftr-323	978	2	,	,	PUNCT
ftr-323	978	3	e.g.	e.g.	ADV
ftr-323	978	4	,	,	PUNCT
ftr-323	978	5	i.r.c	i.r.c	NOUN
ftr-323	978	6	.	.	PUNCT
ftr-323	979	1	§	§	PROPN
ftr-323	979	2	265	265	NUM
ftr-323	979	3	.	.	PUNCT
ftr-323	980	1	172	172	NUM
ftr-323	980	2	.	.	PUNCT
ftr-323	981	1	see	see	VERB
ftr-323	981	2	supra	supra	PROPN
ftr-323	981	3	note	note	PROPN
ftr-323	981	4	170	170	NUM
ftr-323	981	5	.	.	PUNCT
ftr-323	982	1	173	173	NUM
ftr-323	982	2	.	.	PUNCT
ftr-323	983	1	see	see	VERB
ftr-323	983	2	gustafson	gustafson	PROPN
ftr-323	983	3	,	,	PUNCT
ftr-323	983	4	peroni	peroni	PROPN
ftr-323	983	5	&	&	CCONJ
ftr-323	983	6	pugh	pugh	PROPN
ftr-323	983	7	,	,	PUNCT
ftr-323	983	8	taxation	taxation	NOUN
ftr-323	983	9	of	of	ADP
ftr-323	983	10	international	international	ADJ
ftr-323	983	11	transactions	transaction	NOUN
ftr-323	983	12	,	,	PUNCT
ftr-323	983	13	supra	supra	PROPN
ftr-323	983	14	note	note	NOUN
ftr-323	983	15	10	10	NUM
ftr-323	983	16	,	,	PUNCT
ftr-323	983	17	at	at	ADP
ftr-323	983	18	24–26	24–26	NUM
ftr-323	983	19	,	,	PUNCT
ftr-323	983	20	485–86	485–86	NUM
ftr-323	983	21	.	.	PUNCT
ftr-323	984	1	the	the	DET
ftr-323	984	2	exceptions	exception	NOUN
ftr-323	984	3	to	to	ADP
ftr-323	984	4	this	this	DET
ftr-323	984	5	rule	rule	NOUN
ftr-323	984	6	do	do	AUX
ftr-323	984	7	not	not	PART
ftr-323	984	8	apply	apply	VERB
ftr-323	984	9	to	to	ADP
ftr-323	984	10	manufacturing	manufacture	VERB
ftr-323	984	11	income	income	NOUN
ftr-323	984	12	.	.	PUNCT
ftr-323	985	1	174	174	NUM
ftr-323	985	2	.	.	PUNCT
ftr-323	986	1	see	see	VERB
ftr-323	986	2	generally	generally	ADV
ftr-323	986	3	reg	reg	ADJ
ftr-323	986	4	.	.	PUNCT
ftr-323	987	1	§	§	PROPN
ftr-323	987	2	1.861	1.861	NUM
ftr-323	987	3	-	-	PUNCT
ftr-323	987	4	8(g	8(g	NUM
ftr-323	987	5	)	)	PUNCT
ftr-323	987	6	ex	ex	X
ftr-323	987	7	.	.	PROPN
ftr-323	987	8	18	18	NUM
ftr-323	987	9	;	;	PUNCT
ftr-323	987	10	priv	priv	NOUN
ftr-323	987	11	.	.	PUNCT
ftr-323	988	1	ltr	ltr	PROPN
ftr-323	988	2	.	.	PUNCT
ftr-323	989	1	rul	rul	PROPN
ftr-323	989	2	.	.	PUNCT
ftr-323	990	1	88	88	NUM
ftr-323	990	2	-	-	SYM
ftr-323	990	3	06	06	NUM
ftr-323	990	4	-	-	PUNCT
ftr-323	990	5	002	002	NUM
ftr-323	990	6	(	(	PUNCT
ftr-323	990	7	sept	sept	PROPN
ftr-323	990	8	.	.	PROPN
ftr-323	990	9	24	24	NUM
ftr-323	990	10	,	,	PUNCT
ftr-323	990	11	1987	1987	NUM
ftr-323	990	12	)	)	PUNCT
ftr-323	990	13	;	;	PUNCT
ftr-323	991	1	priv	priv	NOUN
ftr-323	991	2	.	.	PUNCT
ftr-323	992	1	ltr	ltr	PROPN
ftr-323	992	2	.	.	PUNCT
ftr-323	993	1	rul	rul	PROPN
ftr-323	993	2	.	.	PUNCT
ftr-323	994	1	79	79	NUM
ftr-323	994	2	-	-	SYM
ftr-323	994	3	28	28	NUM
ftr-323	994	4	-	-	SYM
ftr-323	994	5	006	006	NUM
ftr-323	994	6	(	(	PUNCT
ftr-323	994	7	mar	mar	PROPN
ftr-323	994	8	.	.	PROPN
ftr-323	994	9	29	29	NUM
ftr-323	994	10	,	,	PUNCT
ftr-323	994	11	1979	1979	NUM
ftr-323	994	12	)	)	PUNCT
ftr-323	994	13	.	.	PUNCT
ftr-323	995	1	2012	2012	NUM
ftr-323	995	2	]	]	PUNCT
ftr-323	995	3	exemption	exemption	NOUN
ftr-323	995	4	when	when	SCONJ
ftr-323	995	5	the	the	DET
ftr-323	995	6	treasury	treasury	NOUN
ftr-323	995	7	is	be	AUX
ftr-323	995	8	empty	empty	ADJ
ftr-323	995	9	449	449	NUM
ftr-323	995	10	produced	produce	VERB
ftr-323	995	11	by	by	ADP
ftr-323	995	12	immediate	immediate	ADJ
ftr-323	995	13	deduction	deduction	NOUN
ftr-323	995	14	of	of	ADP
ftr-323	995	15	the	the	DET
ftr-323	995	16	$	$	SYM
ftr-323	995	17	100,000	100,000	NUM
ftr-323	995	18	expense.175	expense.175	NOUN
ftr-323	995	19	the	the	DET
ftr-323	995	20	value	value	NOUN
ftr-323	995	21	of	of	ADP
ftr-323	995	22	this	this	DET
ftr-323	995	23	$	$	SYM
ftr-323	995	24	35,000	35,000	NUM
ftr-323	995	25	interest	interest	NOUN
ftr-323	995	26	-	-	PUNCT
ftr-323	995	27	free	free	ADJ
ftr-323	995	28	loan	loan	NOUN
ftr-323	995	29	is	be	AUX
ftr-323	995	30	effectively	effectively	ADV
ftr-323	995	31	a	a	DET
ftr-323	995	32	negative	negative	ADJ
ftr-323	995	33	u.s	u.s	PROPN
ftr-323	995	34	.	.	PROPN
ftr-323	995	35	tax	tax	NOUN
ftr-323	995	36	on	on	ADP
ftr-323	995	37	the	the	DET
ftr-323	995	38	subco	subco	PROPN
ftr-323	995	39	income	income	NOUN
ftr-323	995	40	.	.	PUNCT
ftr-323	996	1	this	this	DET
ftr-323	996	2	negative	negative	ADJ
ftr-323	996	3	tax	tax	NOUN
ftr-323	996	4	is	be	AUX
ftr-323	996	5	a	a	DET
ftr-323	996	6	subsidy	subsidy	NOUN
ftr-323	996	7	that	that	PRON
ftr-323	996	8	distorts	distort	VERB
ftr-323	996	9	taxpayer	taxpayer	NOUN
ftr-323	996	10	choice	choice	NOUN
ftr-323	996	11	between	between	ADP
ftr-323	996	12	domestic	domestic	ADJ
ftr-323	996	13	and	and	CCONJ
ftr-323	996	14	foreign	foreign	ADJ
ftr-323	996	15	investment	investment	NOUN
ftr-323	996	16	because	because	SCONJ
ftr-323	996	17	the	the	DET
ftr-323	996	18	subsidy	subsidy	NOUN
ftr-323	996	19	is	be	AUX
ftr-323	996	20	available	available	ADJ
ftr-323	996	21	only	only	ADV
ftr-323	996	22	with	with	ADP
ftr-323	996	23	respect	respect	NOUN
ftr-323	996	24	to	to	ADP
ftr-323	996	25	foreign	foreign	ADJ
ftr-323	996	26	investments	investment	NOUN
ftr-323	996	27	.	.	PUNCT
ftr-323	997	1	the	the	DET
ftr-323	997	2	benefit	benefit	NOUN
ftr-323	997	3	to	to	ADP
ftr-323	997	4	usco	usco	NOUN
ftr-323	997	5	would	would	AUX
ftr-323	997	6	be	be	AUX
ftr-323	997	7	even	even	ADV
ftr-323	997	8	more	more	ADV
ftr-323	997	9	dramatic	dramatic	ADJ
ftr-323	997	10	if	if	SCONJ
ftr-323	997	11	the	the	DET
ftr-323	997	12	united	united	PROPN
ftr-323	997	13	states	states	PROPN
ftr-323	997	14	were	be	AUX
ftr-323	997	15	operating	operate	VERB
ftr-323	997	16	an	an	DET
ftr-323	997	17	exemption	exemption	NOUN
ftr-323	997	18	system	system	NOUN
ftr-323	997	19	.	.	PUNCT
ftr-323	998	1	in	in	ADP
ftr-323	998	2	that	that	DET
ftr-323	998	3	case	case	NOUN
ftr-323	998	4	,	,	PUNCT
ftr-323	998	5	the	the	DET
ftr-323	998	6	subco	subco	PROPN
ftr-323	998	7	income	income	NOUN
ftr-323	998	8	would	would	AUX
ftr-323	998	9	never	never	ADV
ftr-323	998	10	be	be	AUX
ftr-323	998	11	taxed	tax	VERB
ftr-323	998	12	by	by	ADP
ftr-323	998	13	the	the	DET
ftr-323	998	14	united	united	PROPN
ftr-323	998	15	states	states	PROPN
ftr-323	998	16	and	and	CCONJ
ftr-323	998	17	usco	usco	PROPN
ftr-323	998	18	would	would	AUX
ftr-323	998	19	enjoy	enjoy	VERB
ftr-323	998	20	a	a	DET
ftr-323	998	21	$	$	SYM
ftr-323	998	22	35,000	35,000	NUM
ftr-323	998	23	benefit	benefit	NOUN
ftr-323	998	24	forever	forever	ADV
ftr-323	998	25	;	;	PUNCT
ftr-323	998	26	not	not	PART
ftr-323	998	27	just	just	ADV
ftr-323	998	28	the	the	DET
ftr-323	998	29	benefit	benefit	NOUN
ftr-323	998	30	of	of	ADP
ftr-323	998	31	a	a	DET
ftr-323	998	32	$	$	SYM
ftr-323	998	33	35,000	35,000	NUM
ftr-323	998	34	interest	interest	NOUN
ftr-323	998	35	-	-	PUNCT
ftr-323	998	36	free	free	ADJ
ftr-323	998	37	loan	loan	NOUN
ftr-323	998	38	during	during	ADP
ftr-323	998	39	the	the	DET
ftr-323	998	40	period	period	NOUN
ftr-323	998	41	that	that	PRON
ftr-323	998	42	u.s	u.s	PROPN
ftr-323	998	43	.	.	PROPN
ftr-323	998	44	tax	tax	NOUN
ftr-323	998	45	on	on	ADP
ftr-323	998	46	subco	subco	PROPN
ftr-323	998	47	’s	’s	PART
ftr-323	998	48	income	income	NOUN
ftr-323	998	49	is	be	AUX
ftr-323	998	50	deferred	defer	VERB
ftr-323	998	51	.	.	PUNCT
ftr-323	999	1	in	in	ADP
ftr-323	999	2	other	other	ADJ
ftr-323	999	3	words	word	NOUN
ftr-323	999	4	,	,	PUNCT
ftr-323	999	5	an	an	DET
ftr-323	999	6	exemption	exemption	NOUN
ftr-323	999	7	system	system	NOUN
ftr-323	999	8	allowing	allow	VERB
ftr-323	999	9	usco	usco	NOUN
ftr-323	999	10	to	to	PART
ftr-323	999	11	deduct	deduct	VERB
ftr-323	999	12	$	$	SYM
ftr-323	999	13	100,000	100,000	NUM
ftr-323	999	14	of	of	ADP
ftr-323	999	15	administrative	administrative	ADJ
ftr-323	999	16	expense	expense	NOUN
ftr-323	999	17	against	against	ADP
ftr-323	999	18	its	its	PRON
ftr-323	999	19	u.s.-source	u.s.-source	ADJ
ftr-323	999	20	income	income	NOUN
ftr-323	999	21	,	,	PUNCT
ftr-323	999	22	even	even	ADV
ftr-323	999	23	though	though	SCONJ
ftr-323	999	24	the	the	DET
ftr-323	999	25	expense	expense	NOUN
ftr-323	999	26	is	be	AUX
ftr-323	999	27	economically	economically	ADV
ftr-323	999	28	allocable	allocable	ADJ
ftr-323	999	29	to	to	ADP
ftr-323	999	30	subco	subco	PROPN
ftr-323	999	31	’s	’s	PART
ftr-323	999	32	exempt	exempt	ADJ
ftr-323	999	33	income	income	NOUN
ftr-323	999	34	,	,	PUNCT
ftr-323	999	35	would	would	AUX
ftr-323	999	36	produce	produce	VERB
ftr-323	999	37	a	a	DET
ftr-323	999	38	permanent	permanent	ADJ
ftr-323	999	39	,	,	PUNCT
ftr-323	999	40	but	but	CCONJ
ftr-323	999	41	inappropriate	inappropriate	ADJ
ftr-323	999	42	,	,	PUNCT
ftr-323	999	43	$	$	SYM
ftr-323	999	44	35,000	35,000	NUM
ftr-323	999	45	net	net	ADJ
ftr-323	999	46	tax	tax	NOUN
ftr-323	999	47	saving	saving	NOUN
ftr-323	999	48	to	to	PART
ftr-323	999	49	usco	usco	PROPN
ftr-323	999	50	that	that	PRON
ftr-323	999	51	would	would	AUX
ftr-323	999	52	effectively	effectively	ADV
ftr-323	999	53	be	be	AUX
ftr-323	999	54	a	a	DET
ftr-323	999	55	negative	negative	ADJ
ftr-323	999	56	u.s	u.s	PROPN
ftr-323	999	57	.	.	PROPN
ftr-323	999	58	tax	tax	NOUN
ftr-323	999	59	on	on	ADP
ftr-323	999	60	the	the	DET
ftr-323	999	61	subco	subco	PROPN
ftr-323	999	62	income	income	NOUN
ftr-323	999	63	.	.	PUNCT
ftr-323	1000	1	for	for	ADP
ftr-323	1000	2	reasons	reason	NOUN
ftr-323	1000	3	previously	previously	ADV
ftr-323	1000	4	given	give	VERB
ftr-323	1000	5	,	,	PUNCT
ftr-323	1000	6	neither	neither	CCONJ
ftr-323	1000	7	the	the	DET
ftr-323	1000	8	double	double	ADJ
ftr-323	1000	9	tax	tax	NOUN
ftr-323	1000	10	relief	relief	NOUN
ftr-323	1000	11	rationale	rationale	NOUN
ftr-323	1000	12	of	of	ADP
ftr-323	1000	13	an	an	DET
ftr-323	1000	14	exemption	exemption	NOUN
ftr-323	1000	15	system	system	NOUN
ftr-323	1000	16	nor	nor	CCONJ
ftr-323	1000	17	equitable	equitable	ADJ
ftr-323	1000	18	considerations	consideration	NOUN
ftr-323	1000	19	require	require	VERB
ftr-323	1000	20	that	that	SCONJ
ftr-323	1000	21	an	an	DET
ftr-323	1000	22	exemption	exemption	NOUN
ftr-323	1000	23	system	system	NOUN
ftr-323	1000	24	provide	provide	VERB
ftr-323	1000	25	the	the	DET
ftr-323	1000	26	negative	negative	ADJ
ftr-323	1000	27	tax	tax	NOUN
ftr-323	1000	28	benefit	benefit	NOUN
ftr-323	1000	29	that	that	PRON
ftr-323	1000	30	results	result	VERB
ftr-323	1000	31	from	from	ADP
ftr-323	1000	32	allowing	allow	VERB
ftr-323	1000	33	a	a	DET
ftr-323	1000	34	deduction	deduction	NOUN
ftr-323	1000	35	against	against	ADP
ftr-323	1000	36	taxable	taxable	ADJ
ftr-323	1000	37	income	income	NOUN
ftr-323	1000	38	for	for	ADP
ftr-323	1000	39	a	a	DET
ftr-323	1000	40	parent	parent	NOUN
ftr-323	1000	41	corporation	corporation	NOUN
ftr-323	1000	42	’s	’s	PART
ftr-323	1000	43	headquarters	headquarters	NOUN
ftr-323	1000	44	expenses	expense	NOUN
ftr-323	1000	45	that	that	PRON
ftr-323	1000	46	are	be	AUX
ftr-323	1000	47	related	relate	VERB
ftr-323	1000	48	to	to	PART
ftr-323	1000	49	exempt	exempt	VERB
ftr-323	1000	50	foreign	foreign	ADJ
ftr-323	1000	51	income	income	NOUN
ftr-323	1000	52	earned	earn	VERB
ftr-323	1000	53	by	by	ADP
ftr-323	1000	54	a	a	DET
ftr-323	1000	55	foreign	foreign	ADJ
ftr-323	1000	56	subsidiary	subsidiary	NOUN
ftr-323	1000	57	.	.	PUNCT
ftr-323	1001	1	nevertheless	nevertheless	ADV
ftr-323	1001	2	,	,	PUNCT
ftr-323	1001	3	taxpayers	taxpayer	NOUN
ftr-323	1001	4	that	that	PRON
ftr-323	1001	5	enjoy	enjoy	VERB
ftr-323	1001	6	approximately	approximately	ADV
ftr-323	1001	7	that	that	DET
ftr-323	1001	8	benefit	benefit	VERB
ftr-323	1001	9	under	under	ADP
ftr-323	1001	10	the	the	DET
ftr-323	1001	11	present	present	ADJ
ftr-323	1001	12	u.s	u.s	PROPN
ftr-323	1001	13	.	.	PROPN
ftr-323	1001	14	system	system	NOUN
ftr-323	1001	15	,	,	PUNCT
ftr-323	1001	16	as	as	SCONJ
ftr-323	1001	17	illustrated	illustrate	VERB
ftr-323	1001	18	in	in	ADP
ftr-323	1001	19	example	example	NOUN
ftr-323	1001	20	3	3	NUM
ftr-323	1001	21	,	,	PUNCT
ftr-323	1001	22	will	will	AUX
ftr-323	1001	23	surely	surely	ADV
ftr-323	1001	24	push	push	VERB
ftr-323	1001	25	for	for	ADP
ftr-323	1001	26	a	a	DET
ftr-323	1001	27	u.s	u.s	PROPN
ftr-323	1001	28	.	.	PROPN
ftr-323	1001	29	exemption	exemption	NOUN
ftr-323	1001	30	system	system	NOUN
ftr-323	1001	31	that	that	PRON
ftr-323	1001	32	allows	allow	VERB
ftr-323	1001	33	such	such	ADJ
ftr-323	1001	34	expenses	expense	NOUN
ftr-323	1001	35	to	to	PART
ftr-323	1001	36	be	be	AUX
ftr-323	1001	37	deducted	deduct	VERB
ftr-323	1001	38	against	against	ADP
ftr-323	1001	39	taxable	taxable	ADJ
ftr-323	1001	40	u.s	u.s	PROPN
ftr-323	1001	41	.	.	PROPN
ftr-323	1001	42	income	income	NOUN
ftr-323	1001	43	.	.	PUNCT
ftr-323	1002	1	in	in	ADP
ftr-323	1002	2	doing	do	VERB
ftr-323	1002	3	so	so	ADV
ftr-323	1002	4	,	,	PUNCT
ftr-323	1002	5	they	they	PRON
ftr-323	1002	6	will	will	AUX
ftr-323	1002	7	likely	likely	ADV
ftr-323	1002	8	point	point	VERB
ftr-323	1002	9	out	out	ADP
ftr-323	1002	10	that	that	SCONJ
ftr-323	1002	11	several	several	ADJ
ftr-323	1002	12	major	major	ADJ
ftr-323	1002	13	commercial	commercial	ADJ
ftr-323	1002	14	nations	nation	NOUN
ftr-323	1002	15	allow	allow	VERB
ftr-323	1002	16	their	their	PRON
ftr-323	1002	17	resident	resident	ADJ
ftr-323	1002	18	corporations	corporation	NOUN
ftr-323	1002	19	to	to	PART
ftr-323	1002	20	deduct	deduct	VERB
ftr-323	1002	21	costs	cost	NOUN
ftr-323	1002	22	that	that	PRON
ftr-323	1002	23	support	support	VERB
ftr-323	1002	24	the	the	DET
ftr-323	1002	25	earning	earning	NOUN
ftr-323	1002	26	of	of	ADP
ftr-323	1002	27	exempt	exempt	ADJ
ftr-323	1002	28	or	or	CCONJ
ftr-323	1002	29	deferred	defer	VERB
ftr-323	1002	30	foreign	foreign	ADJ
ftr-323	1002	31	-	-	PUNCT
ftr-323	1002	32	source	source	NOUN
ftr-323	1002	33	income	income	NOUN
ftr-323	1002	34	if	if	SCONJ
ftr-323	1002	35	the	the	DET
ftr-323	1002	36	costs	cost	NOUN
ftr-323	1002	37	are	be	AUX
ftr-323	1002	38	incurred	incur	VERB
ftr-323	1002	39	within	within	ADP
ftr-323	1002	40	the	the	DET
ftr-323	1002	41	residence	residence	NOUN
ftr-323	1002	42	country.176	country.176	NOUN
ftr-323	1002	43	therefore	therefore	ADV
ftr-323	1002	44	,	,	PUNCT
ftr-323	1002	45	u.s	u.s	PROPN
ftr-323	1002	46	.	.	PROPN
ftr-323	1002	47	175	175	NUM
ftr-323	1002	48	.	.	PUNCT
ftr-323	1003	1	when	when	SCONJ
ftr-323	1003	2	dividends	dividend	NOUN
ftr-323	1003	3	are	be	AUX
ftr-323	1003	4	ultimately	ultimately	ADV
ftr-323	1003	5	paid	pay	VERB
ftr-323	1003	6	to	to	ADP
ftr-323	1003	7	usco	usco	PROPN
ftr-323	1003	8	,	,	PUNCT
ftr-323	1003	9	the	the	DET
ftr-323	1003	10	$	$	SYM
ftr-323	1003	11	100,000	100,000	NUM
ftr-323	1003	12	expense	expense	NOUN
ftr-323	1003	13	deduction	deduction	NOUN
ftr-323	1003	14	will	will	AUX
ftr-323	1003	15	not	not	PART
ftr-323	1003	16	be	be	AUX
ftr-323	1003	17	allowed	allow	VERB
ftr-323	1003	18	against	against	ADP
ftr-323	1003	19	those	those	DET
ftr-323	1003	20	dividends	dividend	NOUN
ftr-323	1003	21	because	because	SCONJ
ftr-323	1003	22	it	it	PRON
ftr-323	1003	23	was	be	AUX
ftr-323	1003	24	already	already	ADV
ftr-323	1003	25	claimed	claim	VERB
ftr-323	1003	26	in	in	ADP
ftr-323	1003	27	an	an	DET
ftr-323	1003	28	earlier	early	ADJ
ftr-323	1003	29	year	year	NOUN
ftr-323	1003	30	.	.	PUNCT
ftr-323	1004	1	thus	thus	ADV
ftr-323	1004	2	,	,	PUNCT
ftr-323	1004	3	usco	usco	PROPN
ftr-323	1004	4	will	will	AUX
ftr-323	1004	5	have	have	VERB
ftr-323	1004	6	$	$	SYM
ftr-323	1004	7	100,000	100,000	NUM
ftr-323	1004	8	more	more	ADJ
ftr-323	1004	9	income	income	NOUN
ftr-323	1004	10	at	at	ADP
ftr-323	1004	11	the	the	DET
ftr-323	1004	12	time	time	NOUN
ftr-323	1004	13	of	of	ADP
ftr-323	1004	14	the	the	DET
ftr-323	1004	15	dividend	dividend	NOUN
ftr-323	1004	16	distribution	distribution	NOUN
ftr-323	1004	17	than	than	SCONJ
ftr-323	1004	18	if	if	SCONJ
ftr-323	1004	19	the	the	DET
ftr-323	1004	20	expense	expense	NOUN
ftr-323	1004	21	deduction	deduction	NOUN
ftr-323	1004	22	had	have	AUX
ftr-323	1004	23	been	be	AUX
ftr-323	1004	24	delayed	delay	VERB
ftr-323	1004	25	.	.	PUNCT
ftr-323	1005	1	this	this	PRON
ftr-323	1005	2	will	will	AUX
ftr-323	1005	3	give	give	VERB
ftr-323	1005	4	the	the	DET
ftr-323	1005	5	u.s	u.s	PROPN
ftr-323	1005	6	.	.	PROPN
ftr-323	1005	7	treasury	treasury	PROPN
ftr-323	1005	8	$	$	SYM
ftr-323	1005	9	35,000	35,000	NUM
ftr-323	1005	10	more	more	ADJ
ftr-323	1005	11	tax	tax	NOUN
ftr-323	1005	12	on	on	ADP
ftr-323	1005	13	the	the	DET
ftr-323	1005	14	dividends	dividend	NOUN
ftr-323	1005	15	than	than	ADP
ftr-323	1005	16	otherwise	otherwise	ADV
ftr-323	1005	17	and	and	CCONJ
ftr-323	1005	18	will	will	AUX
ftr-323	1005	19	amount	amount	VERB
ftr-323	1005	20	to	to	ADP
ftr-323	1005	21	a	a	DET
ftr-323	1005	22	“	"	PUNCT
ftr-323	1005	23	recapture	recapture	NOUN
ftr-323	1005	24	”	"	PUNCT
ftr-323	1005	25	of	of	ADP
ftr-323	1005	26	usco	usco	PROPN
ftr-323	1005	27	’s	’s	PART
ftr-323	1005	28	earlier	early	ADJ
ftr-323	1005	29	$	$	SYM
ftr-323	1005	30	35,000	35,000	NUM
ftr-323	1005	31	tax	tax	NOUN
ftr-323	1005	32	saving	saving	NOUN
ftr-323	1005	33	,	,	PUNCT
ftr-323	1005	34	but	but	CCONJ
ftr-323	1005	35	the	the	DET
ftr-323	1005	36	treasury	treasury	NOUN
ftr-323	1005	37	will	will	AUX
ftr-323	1005	38	not	not	PART
ftr-323	1005	39	collect	collect	VERB
ftr-323	1005	40	any	any	DET
ftr-323	1005	41	interest	interest	NOUN
ftr-323	1005	42	on	on	ADP
ftr-323	1005	43	the	the	DET
ftr-323	1005	44	$	$	SYM
ftr-323	1005	45	35,000	35,000	NUM
ftr-323	1005	46	because	because	SCONJ
ftr-323	1005	47	this	this	DET
ftr-323	1005	48	tax	tax	NOUN
ftr-323	1005	49	was	be	AUX
ftr-323	1005	50	not	not	PART
ftr-323	1005	51	due	due	ADJ
ftr-323	1005	52	until	until	SCONJ
ftr-323	1005	53	usco	usco	PROPN
ftr-323	1005	54	received	receive	VERB
ftr-323	1005	55	the	the	DET
ftr-323	1005	56	extra	extra	ADJ
ftr-323	1005	57	$	$	SYM
ftr-323	1005	58	100,000	100,000	NUM
ftr-323	1005	59	of	of	ADP
ftr-323	1005	60	dividends	dividend	NOUN
ftr-323	1005	61	.	.	PUNCT
ftr-323	1006	1	consequently	consequently	ADV
ftr-323	1006	2	,	,	PUNCT
ftr-323	1006	3	the	the	DET
ftr-323	1006	4	$	$	SYM
ftr-323	1006	5	35,000	35,000	NUM
ftr-323	1006	6	tax	tax	NOUN
ftr-323	1006	7	saving	saving	NOUN
ftr-323	1006	8	in	in	ADP
ftr-323	1006	9	the	the	DET
ftr-323	1006	10	earlier	early	ADJ
ftr-323	1006	11	year	year	NOUN
ftr-323	1006	12	that	that	PRON
ftr-323	1006	13	is	be	AUX
ftr-323	1006	14	recovered	recover	VERB
ftr-323	1006	15	without	without	ADP
ftr-323	1006	16	interest	interest	NOUN
ftr-323	1006	17	in	in	ADP
ftr-323	1006	18	the	the	DET
ftr-323	1006	19	later	later	ADJ
ftr-323	1006	20	year	year	NOUN
ftr-323	1006	21	is	be	AUX
ftr-323	1006	22	equivalent	equivalent	ADJ
ftr-323	1006	23	to	to	ADP
ftr-323	1006	24	a	a	DET
ftr-323	1006	25	$	$	SYM
ftr-323	1006	26	35,000	35,000	NUM
ftr-323	1006	27	interest	interest	NOUN
ftr-323	1006	28	-	-	PUNCT
ftr-323	1006	29	free	free	ADJ
ftr-323	1006	30	loan	loan	NOUN
ftr-323	1006	31	from	from	ADP
ftr-323	1006	32	the	the	DET
ftr-323	1006	33	treasury	treasury	PROPN
ftr-323	1006	34	to	to	ADP
ftr-323	1006	35	usco	usco	PROPN
ftr-323	1006	36	.	.	PROPN
ftr-323	1006	37	176	176	NUM
ftr-323	1006	38	.	.	PUNCT
ftr-323	1007	1	see	see	VERB
ftr-323	1007	2	james	james	PROPN
ftr-323	1007	3	r.	r.	PROPN
ftr-323	1007	4	hines	hines	PROPN
ftr-323	1007	5	,	,	PUNCT
ftr-323	1007	6	jr	jr	PROPN
ftr-323	1007	7	.	.	PROPN
ftr-323	1007	8	,	,	PUNCT
ftr-323	1007	9	foreign	foreign	ADJ
ftr-323	1007	10	income	income	NOUN
ftr-323	1007	11	and	and	CCONJ
ftr-323	1007	12	domestic	domestic	ADJ
ftr-323	1007	13	deductions	deduction	NOUN
ftr-323	1007	14	,	,	PUNCT
ftr-323	1007	15	61	61	NUM
ftr-323	1007	16	nat’l	nat’l	NOUN
ftr-323	1007	17	tax	tax	NOUN
ftr-323	1007	18	j.	j.	PROPN
ftr-323	1007	19	461	461	PROPN
ftr-323	1007	20	,	,	PUNCT
ftr-323	1007	21	463	463	NUM
ftr-323	1007	22	(	(	PUNCT
ftr-323	1007	23	2008	2008	NUM
ftr-323	1007	24	)	)	PUNCT
ftr-323	1007	25	;	;	PUNCT
ftr-323	1007	26	samuels	samuels	PROPN
ftr-323	1007	27	,	,	PUNCT
ftr-323	1007	28	american	american	ADJ
ftr-323	1007	29	tax	tax	NOUN
ftr-323	1007	30	isolationism	isolationism	NOUN
ftr-323	1007	31	,	,	PUNCT
ftr-323	1007	32	supra	supra	PROPN
ftr-323	1007	33	note	note	NOUN
ftr-323	1007	34	24	24	NUM
ftr-323	1007	35	,	,	PUNCT
ftr-323	1007	36	at	at	ADP
ftr-323	1007	37	1594–95	1594–95	NUM
ftr-323	1007	38	;	;	PUNCT
ftr-323	1007	39	t.	t.	PROPN
ftr-323	1007	40	timothy	timothy	PROPN
ftr-323	1007	41	tuerff	tuerff	PROPN
ftr-323	1007	42	,	,	PUNCT
ftr-323	1007	43	manal	manal	PROPN
ftr-323	1007	44	corwin	corwin	PROPN
ftr-323	1007	45	,	,	PUNCT
ftr-323	1007	46	paul	paul	PROPN
ftr-323	1007	47	oosterhuis	oosterhuis	PROPN
ftr-323	1007	48	,	,	PUNCT
ftr-323	1007	49	john	john	PROPN
ftr-323	1007	50	m.	m.	PROPN
ftr-323	1007	51	samuels	samuels	PROPN
ftr-323	1007	52	&	&	CCONJ
ftr-323	1007	53	david	david	PROPN
ftr-323	1007	54	walker	walker	PROPN
ftr-323	1007	55	,	,	PUNCT
ftr-323	1007	56	keynote	keynote	PROPN
ftr-323	1007	57	panel	panel	NOUN
ftr-323	1007	58	session	session	NOUN
ftr-323	1007	59	1	1	NUM
ftr-323	1007	60	:	:	PUNCT
ftr-323	1007	61	tax	tax	NOUN
ftr-323	1007	62	reform	reform	NOUN
ftr-323	1007	63	—	—	PUNCT
ftr-323	1007	64	in	in	ADP
ftr-323	1007	65	search	search	NOUN
ftr-323	1007	66	of	of	ADP
ftr-323	1007	67	a	a	DET
ftr-323	1007	68	21st	21st	ADJ
ftr-323	1007	69	century	century	NOUN
ftr-323	1007	70	u.s	u.s	PROPN
ftr-323	1007	71	.	.	PROPN
ftr-323	1007	72	tax	tax	NOUN
ftr-323	1007	73	system	system	NOUN
ftr-323	1007	74	,	,	PUNCT
ftr-323	1007	75	88	88	NUM
ftr-323	1007	76	taxes	taxis	NOUN
ftr-323	1007	77	19	19	NUM
ftr-323	1007	78	,	,	PUNCT
ftr-323	1007	79	22	22	NUM
ftr-323	1007	80	(	(	PUNCT
ftr-323	1007	81	june	june	PROPN
ftr-323	1007	82	2010	2010	NUM
ftr-323	1007	83	)	)	PUNCT
ftr-323	1007	84	;	;	PUNCT
ftr-323	1007	85	group	group	NOUN
ftr-323	1007	86	comments	comment	NOUN
ftr-323	1007	87	,	,	PUNCT
ftr-323	1007	88	supra	supra	PROPN
ftr-323	1007	89	note	note	NOUN
ftr-323	1007	90	116	116	NUM
ftr-323	1007	91	;	;	PUNCT
ftr-323	1007	92	450	450	NUM
ftr-323	1007	93	florida	florida	PROPN
ftr-323	1007	94	tax	tax	NOUN
ftr-323	1007	95	review	review	NOUN
ftr-323	1008	1	[	[	X
ftr-323	1008	2	vol	vol	NOUN
ftr-323	1008	3	.	.	PUNCT
ftr-323	1009	1	13:8	13:8	NUM
ftr-323	1009	2	taxpayers	taxpayer	NOUN
ftr-323	1009	3	will	will	AUX
ftr-323	1009	4	argue	argue	VERB
ftr-323	1009	5	that	that	SCONJ
ftr-323	1009	6	u.s	u.s	PROPN
ftr-323	1009	7	.	.	PROPN
ftr-323	1009	8	resident	resident	NOUN
ftr-323	1009	9	corporations	corporation	NOUN
ftr-323	1009	10	should	should	AUX
ftr-323	1009	11	not	not	PART
ftr-323	1009	12	be	be	AUX
ftr-323	1009	13	barred	bar	VERB
ftr-323	1009	14	from	from	ADP
ftr-323	1009	15	deducting	deduct	VERB
ftr-323	1009	16	such	such	ADJ
ftr-323	1009	17	costs	cost	NOUN
ftr-323	1009	18	against	against	ADP
ftr-323	1009	19	their	their	PRON
ftr-323	1009	20	u.s.-source	u.s.-source	ADJ
ftr-323	1009	21	income	income	NOUN
ftr-323	1009	22	because	because	SCONJ
ftr-323	1009	23	to	to	PART
ftr-323	1009	24	do	do	AUX
ftr-323	1009	25	so	so	ADV
ftr-323	1009	26	would	would	AUX
ftr-323	1009	27	make	make	VERB
ftr-323	1009	28	them	they	PRON
ftr-323	1009	29	less	less	ADV
ftr-323	1009	30	competitive	competitive	ADJ
ftr-323	1009	31	in	in	ADP
ftr-323	1009	32	foreign	foreign	ADJ
ftr-323	1009	33	markets.177	markets.177	NOUN
ftr-323	1009	34	this	this	PRON
ftr-323	1009	35	is	be	AUX
ftr-323	1009	36	,	,	PUNCT
ftr-323	1009	37	of	of	ADP
ftr-323	1009	38	course	course	NOUN
ftr-323	1009	39	,	,	PUNCT
ftr-323	1009	40	nothing	nothing	PRON
ftr-323	1009	41	more	more	ADJ
ftr-323	1009	42	than	than	ADP
ftr-323	1009	43	a	a	DET
ftr-323	1009	44	reiteration	reiteration	NOUN
ftr-323	1009	45	of	of	ADP
ftr-323	1009	46	the	the	DET
ftr-323	1009	47	competitiveness	competitiveness	NOUN
ftr-323	1009	48	argument	argument	NOUN
ftr-323	1009	49	that	that	PRON
ftr-323	1009	50	fails	fail	VERB
ftr-323	1009	51	for	for	ADP
ftr-323	1009	52	the	the	DET
ftr-323	1009	53	reasons	reason	NOUN
ftr-323	1009	54	discussed	discuss	VERB
ftr-323	1009	55	below	below	ADV
ftr-323	1009	56	in	in	ADP
ftr-323	1009	57	part	part	NOUN
ftr-323	1009	58	ix	ix	ADJ
ftr-323	1009	59	.	.	PUNCT
ftr-323	1010	1	a	a	DET
ftr-323	1010	2	closely	closely	ADV
ftr-323	1010	3	related	relate	VERB
ftr-323	1010	4	argument	argument	NOUN
ftr-323	1010	5	is	be	AUX
ftr-323	1010	6	that	that	SCONJ
ftr-323	1010	7	if	if	SCONJ
ftr-323	1010	8	the	the	DET
ftr-323	1010	9	costs	cost	NOUN
ftr-323	1010	10	incurred	incur	VERB
ftr-323	1010	11	in	in	ADP
ftr-323	1010	12	the	the	DET
ftr-323	1010	13	united	united	PROPN
ftr-323	1010	14	states	states	PROPN
ftr-323	1010	15	are	be	AUX
ftr-323	1010	16	allocated	allocate	VERB
ftr-323	1010	17	to	to	PART
ftr-323	1010	18	exempt	exempt	VERB
ftr-323	1010	19	foreign	foreign	ADJ
ftr-323	1010	20	-	-	PUNCT
ftr-323	1010	21	source	source	NOUN
ftr-323	1010	22	income	income	NOUN
ftr-323	1010	23	and	and	CCONJ
ftr-323	1010	24	made	make	VERB
ftr-323	1010	25	deductible	deductible	ADJ
ftr-323	1010	26	only	only	ADV
ftr-323	1010	27	against	against	ADP
ftr-323	1010	28	that	that	DET
ftr-323	1010	29	income	income	NOUN
ftr-323	1010	30	,	,	PUNCT
ftr-323	1010	31	it	it	PRON
ftr-323	1010	32	is	be	AUX
ftr-323	1010	33	highly	highly	ADV
ftr-323	1010	34	likely	likely	ADJ
ftr-323	1010	35	that	that	SCONJ
ftr-323	1010	36	the	the	DET
ftr-323	1010	37	relevant	relevant	ADJ
ftr-323	1010	38	foreign	foreign	ADJ
ftr-323	1010	39	countries	country	NOUN
ftr-323	1010	40	will	will	AUX
ftr-323	1010	41	reject	reject	VERB
ftr-323	1010	42	the	the	DET
ftr-323	1010	43	u.s	u.s	PROPN
ftr-323	1010	44	.	.	PROPN
ftr-323	1010	45	position	position	NOUN
ftr-323	1010	46	and	and	CCONJ
ftr-323	1010	47	will	will	AUX
ftr-323	1010	48	not	not	PART
ftr-323	1010	49	allow	allow	VERB
ftr-323	1010	50	the	the	DET
ftr-323	1010	51	allocated	allocate	VERB
ftr-323	1010	52	expenses	expense	NOUN
ftr-323	1010	53	to	to	PART
ftr-323	1010	54	be	be	AUX
ftr-323	1010	55	deducted	deduct	VERB
ftr-323	1010	56	for	for	ADP
ftr-323	1010	57	purposes	purpose	NOUN
ftr-323	1010	58	of	of	ADP
ftr-323	1010	59	computing	compute	VERB
ftr-323	1010	60	source	source	NOUN
ftr-323	1010	61	-	-	PUNCT
ftr-323	1010	62	country	country	NOUN
ftr-323	1010	63	tax	tax	NOUN
ftr-323	1010	64	on	on	ADP
ftr-323	1010	65	the	the	DET
ftr-323	1010	66	foreign	foreign	ADJ
ftr-323	1010	67	-	-	PUNCT
ftr-323	1010	68	source	source	NOUN
ftr-323	1010	69	income	income	NOUN
ftr-323	1010	70	.	.	PUNCT
ftr-323	1011	1	if	if	SCONJ
ftr-323	1011	2	so	so	ADV
ftr-323	1011	3	,	,	PUNCT
ftr-323	1011	4	there	there	PRON
ftr-323	1011	5	will	will	AUX
ftr-323	1011	6	be	be	AUX
ftr-323	1011	7	no	no	DET
ftr-323	1011	8	current	current	ADJ
ftr-323	1011	9	deduction	deduction	NOUN
ftr-323	1011	10	in	in	ADP
ftr-323	1011	11	either	either	CCONJ
ftr-323	1011	12	the	the	DET
ftr-323	1011	13	united	united	PROPN
ftr-323	1011	14	states	states	PROPN
ftr-323	1011	15	or	or	CCONJ
ftr-323	1011	16	the	the	DET
ftr-323	1011	17	foreign	foreign	ADJ
ftr-323	1011	18	country	country	NOUN
ftr-323	1011	19	for	for	ADP
ftr-323	1011	20	the	the	DET
ftr-323	1011	21	affected	affect	VERB
ftr-323	1011	22	costs	cost	NOUN
ftr-323	1011	23	in	in	ADP
ftr-323	1011	24	spite	spite	NOUN
ftr-323	1011	25	of	of	ADP
ftr-323	1011	26	the	the	DET
ftr-323	1011	27	fact	fact	NOUN
ftr-323	1011	28	that	that	SCONJ
ftr-323	1011	29	the	the	DET
ftr-323	1011	30	costs	cost	NOUN
ftr-323	1011	31	have	have	AUX
ftr-323	1011	32	actually	actually	ADV
ftr-323	1011	33	been	be	AUX
ftr-323	1011	34	incurred.178	incurred.178	ADJ
ftr-323	1011	35	in	in	ADP
ftr-323	1011	36	other	other	ADJ
ftr-323	1011	37	words	word	NOUN
ftr-323	1011	38	,	,	PUNCT
ftr-323	1011	39	u.s	u.s	PROPN
ftr-323	1011	40	.	.	PROPN
ftr-323	1011	41	opponents	opponent	NOUN
ftr-323	1011	42	of	of	ADP
ftr-323	1011	43	cost	cost	NOUN
ftr-323	1011	44	allocation	allocation	NOUN
ftr-323	1011	45	implicitly	implicitly	ADV
ftr-323	1011	46	insist	insist	VERB
ftr-323	1011	47	that	that	SCONJ
ftr-323	1011	48	tax	tax	NOUN
ftr-323	1011	49	competition	competition	NOUN
ftr-323	1011	50	will	will	AUX
ftr-323	1011	51	not	not	PART
ftr-323	1011	52	force	force	VERB
ftr-323	1011	53	foreign	foreign	ADJ
ftr-323	1011	54	countries	country	NOUN
ftr-323	1011	55	to	to	PART
ftr-323	1011	56	respect	respect	VERB
ftr-323	1011	57	the	the	DET
ftr-323	1011	58	u.s	u.s	PROPN
ftr-323	1011	59	.	.	PROPN
ftr-323	1011	60	allocation	allocation	NOUN
ftr-323	1011	61	and	and	CCONJ
ftr-323	1011	62	that	that	SCONJ
ftr-323	1011	63	the	the	DET
ftr-323	1011	64	inability	inability	NOUN
ftr-323	1011	65	of	of	ADP
ftr-323	1011	66	u.s	u.s	PROPN
ftr-323	1011	67	.	.	PROPN
ftr-323	1011	68	multinationals	multinational	NOUN
ftr-323	1011	69	to	to	PART
ftr-323	1011	70	deduct	deduct	VERB
ftr-323	1011	71	the	the	DET
ftr-323	1011	72	allocated	allocate	VERB
ftr-323	1011	73	costs	cost	NOUN
ftr-323	1011	74	in	in	ADP
ftr-323	1011	75	the	the	DET
ftr-323	1011	76	respective	respective	ADJ
ftr-323	1011	77	foreign	foreign	ADJ
ftr-323	1011	78	countries	country	NOUN
ftr-323	1011	79	will	will	AUX
ftr-323	1011	80	render	render	VERB
ftr-323	1011	81	these	these	DET
ftr-323	1011	82	multinationals	multinational	NOUN
ftr-323	1011	83	less	less	ADV
ftr-323	1011	84	competitive	competitive	ADJ
ftr-323	1011	85	in	in	ADP
ftr-323	1011	86	foreign	foreign	ADJ
ftr-323	1011	87	markets.179	markets.179	NOUN
ftr-323	1011	88	we	we	PRON
ftr-323	1011	89	are	be	AUX
ftr-323	1011	90	not	not	PART
ftr-323	1011	91	convinced	convinced	ADJ
ftr-323	1011	92	that	that	SCONJ
ftr-323	1011	93	all	all	DET
ftr-323	1011	94	source	source	NOUN
ftr-323	1011	95	countries	country	NOUN
ftr-323	1011	96	are	be	AUX
ftr-323	1011	97	so	so	ADV
ftr-323	1011	98	resistant	resistant	ADJ
ftr-323	1011	99	to	to	ADP
ftr-323	1011	100	tax	tax	NOUN
ftr-323	1011	101	competition	competition	NOUN
ftr-323	1011	102	,	,	PUNCT
ftr-323	1011	103	but	but	CCONJ
ftr-323	1011	104	even	even	ADV
ftr-323	1011	105	if	if	SCONJ
ftr-323	1011	106	they	they	PRON
ftr-323	1011	107	are	be	AUX
ftr-323	1011	108	,	,	PUNCT
ftr-323	1011	109	this	this	DET
ftr-323	1011	110	line	line	NOUN
ftr-323	1011	111	of	of	ADP
ftr-323	1011	112	argument	argument	NOUN
ftr-323	1011	113	is	be	AUX
ftr-323	1011	114	nothing	nothing	PRON
ftr-323	1011	115	more	more	ADJ
ftr-323	1011	116	than	than	ADP
ftr-323	1011	117	a	a	DET
ftr-323	1011	118	tailored	tailor	VERB
ftr-323	1011	119	version	version	NOUN
ftr-323	1011	120	of	of	ADP
ftr-323	1011	121	the	the	DET
ftr-323	1011	122	competitiveness	competitiveness	NOUN
ftr-323	1011	123	rationale	rationale	NOUN
ftr-323	1011	124	that	that	PRON
ftr-323	1011	125	is	be	AUX
ftr-323	1011	126	examined	examine	VERB
ftr-323	1011	127	in	in	ADP
ftr-323	1011	128	part	part	NOUN
ftr-323	1011	129	ix	ix	ADV
ftr-323	1011	130	and	and	CCONJ
ftr-323	1011	131	found	find	VERB
ftr-323	1011	132	wanting	want	VERB
ftr-323	1011	133	.	.	PUNCT
ftr-323	1012	1	finally	finally	ADV
ftr-323	1012	2	,	,	PUNCT
ftr-323	1012	3	even	even	ADV
ftr-323	1012	4	if	if	SCONJ
ftr-323	1012	5	u.s	u.s	PROPN
ftr-323	1012	6	.	.	PROPN
ftr-323	1012	7	multinational	multinational	ADJ
ftr-323	1012	8	corporations	corporation	NOUN
ftr-323	1012	9	are	be	AUX
ftr-323	1012	10	made	make	VERB
ftr-323	1012	11	less	less	ADV
ftr-323	1012	12	competitive	competitive	ADJ
ftr-323	1012	13	by	by	ADP
ftr-323	1012	14	a	a	DET
ftr-323	1012	15	u.s	u.s	PROPN
ftr-323	1012	16	.	.	PROPN
ftr-323	1012	17	exemption	exemption	NOUN
ftr-323	1012	18	system	system	NOUN
ftr-323	1012	19	that	that	PRON
ftr-323	1012	20	bars	bar	VERB
ftr-323	1012	21	deducting	deduct	VERB
ftr-323	1012	22	costs	cost	NOUN
ftr-323	1012	23	against	against	ADP
ftr-323	1012	24	taxable	taxable	ADJ
ftr-323	1012	25	u.s.-source	u.s.-source	ADJ
ftr-323	1012	26	income	income	NOUN
ftr-323	1012	27	when	when	SCONJ
ftr-323	1012	28	the	the	DET
ftr-323	1012	29	costs	cost	NOUN
ftr-323	1012	30	are	be	AUX
ftr-323	1012	31	economically	economically	ADV
ftr-323	1012	32	connected	connect	VERB
ftr-323	1012	33	to	to	PART
ftr-323	1012	34	exempt	exempt	VERB
ftr-323	1012	35	foreign	foreign	ADJ
ftr-323	1012	36	-	-	PUNCT
ftr-323	1012	37	source	source	NOUN
ftr-323	1012	38	income	income	NOUN
ftr-323	1012	39	,	,	PUNCT
ftr-323	1012	40	example	example	NOUN
ftr-323	1012	41	3	3	NUM
ftr-323	1012	42	indicates	indicate	VERB
ftr-323	1012	43	that	that	SCONJ
ftr-323	1012	44	allowing	allow	VERB
ftr-323	1012	45	a	a	DET
ftr-323	1012	46	u.s	u.s	PROPN
ftr-323	1012	47	.	.	PROPN
ftr-323	1012	48	see	see	VERB
ftr-323	1012	49	also	also	ADV
ftr-323	1012	50	staff	staff	NOUN
ftr-323	1012	51	of	of	ADP
ftr-323	1012	52	joint	joint	ADJ
ftr-323	1012	53	comm	comm	NOUN
ftr-323	1012	54	.	.	PUNCT
ftr-323	1012	55	,	,	PUNCT
ftr-323	1012	56	background	background	NOUN
ftr-323	1012	57	and	and	CCONJ
ftr-323	1012	58	issues	issue	NOUN
ftr-323	1012	59	,	,	PUNCT
ftr-323	1012	60	supra	supra	PROPN
ftr-323	1012	61	note	note	NOUN
ftr-323	1012	62	48	48	NUM
ftr-323	1012	63	,	,	PUNCT
ftr-323	1012	64	at	at	ADP
ftr-323	1012	65	9	9	NUM
ftr-323	1012	66	(	(	PUNCT
ftr-323	1012	67	“	"	PUNCT
ftr-323	1012	68	most	most	ADJ
ftr-323	1012	69	jurisdictions	jurisdiction	NOUN
ftr-323	1012	70	with	with	ADP
ftr-323	1012	71	territorial	territorial	ADJ
ftr-323	1012	72	systems	system	NOUN
ftr-323	1012	73	permit	permit	NOUN
ftr-323	1012	74	deductions	deduction	NOUN
ftr-323	1012	75	for	for	ADP
ftr-323	1012	76	resident	resident	ADJ
ftr-323	1012	77	companies	company	NOUN
ftr-323	1012	78	’	'	PUNCT
ftr-323	1012	79	expenses	expense	NOUN
ftr-323	1012	80	for	for	ADP
ftr-323	1012	81	generating	generate	VERB
ftr-323	1012	82	exempt	exempt	ADJ
ftr-323	1012	83	foreign	foreign	ADJ
ftr-323	1012	84	income	income	NOUN
ftr-323	1012	85	.	.	PUNCT
ftr-323	1012	86	”	"	PUNCT
ftr-323	1012	87	)	)	PUNCT
ftr-323	1012	88	.	.	PUNCT
ftr-323	1013	1	177	177	NUM
ftr-323	1013	2	.	.	PUNCT
ftr-323	1014	1	see	see	VERB
ftr-323	1014	2	u.s	u.s	PROPN
ftr-323	1014	3	.	.	PROPN
ftr-323	1014	4	treas	treas	PROPN
ftr-323	1014	5	.	.	PUNCT
ftr-323	1015	1	dep’t	dep’t	PROPN
ftr-323	1015	2	,	,	PUNCT
ftr-323	1015	3	approaches	approach	NOUN
ftr-323	1015	4	,	,	PUNCT
ftr-323	1015	5	supra	supra	PROPN
ftr-323	1015	6	note	note	NOUN
ftr-323	1015	7	40	40	NUM
ftr-323	1015	8	,	,	PUNCT
ftr-323	1015	9	at	at	ADP
ftr-323	1015	10	61–62	61–62	NUM
ftr-323	1015	11	;	;	PUNCT
ftr-323	1015	12	michael	michael	PROPN
ftr-323	1015	13	j.	j.	PROPN
ftr-323	1015	14	mcintyre	mcintyre	PROPN
ftr-323	1015	15	,	,	PUNCT
ftr-323	1015	16	a	a	DET
ftr-323	1015	17	program	program	NOUN
ftr-323	1015	18	for	for	ADP
ftr-323	1015	19	international	international	ADJ
ftr-323	1015	20	tax	tax	NOUN
ftr-323	1015	21	reform	reform	NOUN
ftr-323	1015	22	,	,	PUNCT
ftr-323	1015	23	122	122	NUM
ftr-323	1015	24	tax	tax	NOUN
ftr-323	1015	25	notes	note	NOUN
ftr-323	1015	26	1021	1021	NUM
ftr-323	1015	27	(	(	PUNCT
ftr-323	1015	28	feb	feb	PROPN
ftr-323	1015	29	.	.	PROPN
ftr-323	1015	30	23	23	NUM
ftr-323	1015	31	,	,	PUNCT
ftr-323	1015	32	2009	2009	NUM
ftr-323	1015	33	)	)	PUNCT
ftr-323	1015	34	;	;	PUNCT
ftr-323	1015	35	samuels	samuels	PROPN
ftr-323	1015	36	,	,	PUNCT
ftr-323	1015	37	american	american	ADJ
ftr-323	1015	38	tax	tax	NOUN
ftr-323	1015	39	isolationism	isolationism	NOUN
ftr-323	1015	40	,	,	PUNCT
ftr-323	1015	41	supra	supra	PROPN
ftr-323	1015	42	note	note	NOUN
ftr-323	1015	43	24	24	NUM
ftr-323	1015	44	,	,	PUNCT
ftr-323	1015	45	at	at	ADP
ftr-323	1015	46	1594	1594	NUM
ftr-323	1015	47	–	–	PUNCT
ftr-323	1015	48	95	95	NUM
ftr-323	1015	49	;	;	PUNCT
ftr-323	1015	50	see	see	VERB
ftr-323	1015	51	also	also	ADV
ftr-323	1015	52	advisory	advisory	ADJ
ftr-323	1015	53	panel	panel	NOUN
ftr-323	1015	54	on	on	ADP
ftr-323	1015	55	canada	canada	PROPN
ftr-323	1015	56	’s	’s	PART
ftr-323	1015	57	system	system	NOUN
ftr-323	1015	58	of	of	ADP
ftr-323	1015	59	international	international	ADJ
ftr-323	1015	60	taxation	taxation	NOUN
ftr-323	1015	61	,	,	PUNCT
ftr-323	1015	62	final	final	ADJ
ftr-323	1015	63	report	report	NOUN
ftr-323	1015	64	:	:	PUNCT
ftr-323	1015	65	enhancing	enhance	VERB
ftr-323	1015	66	canada	canada	PROPN
ftr-323	1015	67	’s	’s	PART
ftr-323	1015	68	international	international	ADJ
ftr-323	1015	69	tax	tax	NOUN
ftr-323	1015	70	advantage	advantage	NOUN
ftr-323	1015	71	53	53	NUM
ftr-323	1015	72	(	(	PUNCT
ftr-323	1015	73	2008	2008	NUM
ftr-323	1015	74	)	)	PUNCT
ftr-323	1015	75	http://www.apcsit-gcrcfi.ca/07/cp-dc/pdf/finalreport	http://www.apcsit-gcrcfi.ca/07/cp-dc/pdf/finalreport	NOUN
ftr-323	1015	76	_	_	NOUN
ftr-323	1015	77	eng.dpf	eng.dpf	NOUN
ftr-323	1015	78	(	(	PUNCT
ftr-323	1015	79	making	make	VERB
ftr-323	1015	80	the	the	DET
ftr-323	1015	81	competitiveness	competitiveness	NOUN
ftr-323	1015	82	argument	argument	NOUN
ftr-323	1015	83	to	to	PART
ftr-323	1015	84	justify	justify	VERB
ftr-323	1015	85	allowing	allow	VERB
ftr-323	1015	86	deductions	deduction	NOUN
ftr-323	1015	87	against	against	ADP
ftr-323	1015	88	canadian	canadian	ADJ
ftr-323	1015	89	domestic	domestic	ADJ
ftr-323	1015	90	income	income	NOUN
ftr-323	1015	91	for	for	ADP
ftr-323	1015	92	interest	interest	NOUN
ftr-323	1015	93	expenses	expense	NOUN
ftr-323	1015	94	that	that	PRON
ftr-323	1015	95	support	support	VERB
ftr-323	1015	96	foreign	foreign	ADJ
ftr-323	1015	97	investment	investment	NOUN
ftr-323	1015	98	)	)	PUNCT
ftr-323	1015	99	.	.	PUNCT
ftr-323	1016	1	but	but	CCONJ
ftr-323	1016	2	see	see	VERB
ftr-323	1016	3	martin	martin	PROPN
ftr-323	1016	4	a.	a.	PROPN
ftr-323	1016	5	sullivan	sullivan	PROPN
ftr-323	1016	6	,	,	PUNCT
ftr-323	1016	7	the	the	DET
ftr-323	1016	8	effects	effect	NOUN
ftr-323	1016	9	of	of	ADP
ftr-323	1016	10	interest	interest	NOUN
ftr-323	1016	11	allocation	allocation	NOUN
ftr-323	1016	12	rules	rule	NOUN
ftr-323	1016	13	in	in	ADP
ftr-323	1016	14	a	a	DET
ftr-323	1016	15	territorial	territorial	ADJ
ftr-323	1016	16	system	system	NOUN
ftr-323	1016	17	,	,	PUNCT
ftr-323	1016	18	136	136	NUM
ftr-323	1016	19	tax	tax	NOUN
ftr-323	1016	20	notes	note	NOUN
ftr-323	1016	21	1098	1098	NUM
ftr-323	1016	22	,	,	PUNCT
ftr-323	1016	23	1102	1102	NUM
ftr-323	1016	24	(	(	PUNCT
ftr-323	1016	25	sept	sept	PROPN
ftr-323	1016	26	.	.	PROPN
ftr-323	1016	27	3	3	NUM
ftr-323	1016	28	,	,	PUNCT
ftr-323	1016	29	2012	2012	NUM
ftr-323	1016	30	)	)	PUNCT
ftr-323	1016	31	(	(	PUNCT
ftr-323	1016	32	arguing	argue	VERB
ftr-323	1016	33	that	that	SCONJ
ftr-323	1016	34	allocating	allocate	VERB
ftr-323	1016	35	interest	interest	NOUN
ftr-323	1016	36	expense	expense	NOUN
ftr-323	1016	37	to	to	PART
ftr-323	1016	38	exempt	exempt	VERB
ftr-323	1016	39	foreign	foreign	ADJ
ftr-323	1016	40	-	-	PUNCT
ftr-323	1016	41	source	source	NOUN
ftr-323	1016	42	income	income	NOUN
ftr-323	1016	43	does	do	AUX
ftr-323	1016	44	not	not	PART
ftr-323	1016	45	harm	harm	VERB
ftr-323	1016	46	the	the	DET
ftr-323	1016	47	international	international	ADJ
ftr-323	1016	48	competitiveness	competitiveness	NOUN
ftr-323	1016	49	of	of	ADP
ftr-323	1016	50	u.s	u.s	PROPN
ftr-323	1016	51	.	.	PROPN
ftr-323	1016	52	multinational	multinational	ADJ
ftr-323	1016	53	corporations	corporation	NOUN
ftr-323	1016	54	)	)	PUNCT
ftr-323	1016	55	.	.	PUNCT
ftr-323	1017	1	178	178	NUM
ftr-323	1017	2	.	.	PUNCT
ftr-323	1018	1	see	see	VERB
ftr-323	1018	2	graetz	graetz	PROPN
ftr-323	1018	3	&	&	CCONJ
ftr-323	1018	4	oosterhuis	oosterhuis	PROPN
ftr-323	1018	5	,	,	PUNCT
ftr-323	1018	6	structuring	structure	VERB
ftr-323	1018	7	an	an	DET
ftr-323	1018	8	exemption	exemption	NOUN
ftr-323	1018	9	system	system	NOUN
ftr-323	1018	10	,	,	PUNCT
ftr-323	1018	11	supra	supra	PROPN
ftr-323	1018	12	note	note	NOUN
ftr-323	1018	13	50	50	NUM
ftr-323	1018	14	,	,	PUNCT
ftr-323	1018	15	at	at	ADP
ftr-323	1018	16	782	782	NUM
ftr-323	1018	17	;	;	PUNCT
ftr-323	1018	18	martin	martin	PROPN
ftr-323	1018	19	a.	a.	PROPN
ftr-323	1018	20	sullivan	sullivan	PROPN
ftr-323	1018	21	,	,	PUNCT
ftr-323	1018	22	obama	obama	PROPN
ftr-323	1018	23	chooses	choose	VERB
ftr-323	1018	24	a	a	DET
ftr-323	1018	25	clumsy	clumsy	ADJ
ftr-323	1018	26	way	way	NOUN
ftr-323	1018	27	to	to	PART
ftr-323	1018	28	limit	limit	VERB
ftr-323	1018	29	deferral	deferral	ADJ
ftr-323	1018	30	,	,	PUNCT
ftr-323	1018	31	123	123	NUM
ftr-323	1018	32	tax	tax	NOUN
ftr-323	1018	33	notes	note	NOUN
ftr-323	1018	34	1163	1163	NUM
ftr-323	1018	35	,	,	PUNCT
ftr-323	1018	36	1164–65	1164–65	NUM
ftr-323	1018	37	(	(	PUNCT
ftr-323	1018	38	june	june	PROPN
ftr-323	1018	39	8	8	NUM
ftr-323	1018	40	,	,	PUNCT
ftr-323	1018	41	2009	2009	NUM
ftr-323	1018	42	)	)	PUNCT
ftr-323	1018	43	.	.	PUNCT
ftr-323	1019	1	179	179	NUM
ftr-323	1019	2	.	.	PUNCT
ftr-323	1020	1	see	see	VERB
ftr-323	1020	2	sources	source	NOUN
ftr-323	1020	3	cited	cite	VERB
ftr-323	1020	4	supra	supra	PROPN
ftr-323	1020	5	note	note	PROPN
ftr-323	1020	6	177	177	NUM
ftr-323	1020	7	.	.	PUNCT
ftr-323	1021	1	2012	2012	NUM
ftr-323	1021	2	]	]	PUNCT
ftr-323	1021	3	exemption	exemption	NOUN
ftr-323	1021	4	when	when	SCONJ
ftr-323	1021	5	the	the	DET
ftr-323	1021	6	treasury	treasury	NOUN
ftr-323	1021	7	is	be	AUX
ftr-323	1021	8	empty	empty	ADJ
ftr-323	1021	9	451	451	NUM
ftr-323	1021	10	deduction	deduction	NOUN
ftr-323	1021	11	for	for	ADP
ftr-323	1021	12	such	such	ADJ
ftr-323	1021	13	costs	cost	NOUN
ftr-323	1021	14	is	be	AUX
ftr-323	1021	15	a	a	DET
ftr-323	1021	16	tax	tax	NOUN
ftr-323	1021	17	expenditure	expenditure	NOUN
ftr-323	1021	18	subsidy	subsidy	NOUN
ftr-323	1021	19	that	that	PRON
ftr-323	1021	20	must	must	AUX
ftr-323	1021	21	undergo	undergo	VERB
ftr-323	1021	22	a	a	DET
ftr-323	1021	23	rigorous	rigorous	ADJ
ftr-323	1021	24	cost	cost	NOUN
ftr-323	1021	25	/	/	SYM
ftr-323	1021	26	benefit	benefit	NOUN
ftr-323	1021	27	analysis	analysis	NOUN
ftr-323	1021	28	to	to	PART
ftr-323	1021	29	see	see	VERB
ftr-323	1021	30	if	if	SCONJ
ftr-323	1021	31	it	it	PRON
ftr-323	1021	32	can	can	AUX
ftr-323	1021	33	compete	compete	VERB
ftr-323	1021	34	with	with	ADP
ftr-323	1021	35	other	other	ADJ
ftr-323	1021	36	important	important	ADJ
ftr-323	1021	37	uses	use	NOUN
ftr-323	1021	38	for	for	ADP
ftr-323	1021	39	u.s	u.s	PROPN
ftr-323	1021	40	.	.	PROPN
ftr-323	1021	41	federal	federal	ADJ
ftr-323	1021	42	revenue	revenue	NOUN
ftr-323	1021	43	.	.	PUNCT
ftr-323	1022	1	this	this	PRON
ftr-323	1022	2	is	be	AUX
ftr-323	1022	3	particularly	particularly	ADV
ftr-323	1022	4	so	so	ADV
ftr-323	1022	5	in	in	ADP
ftr-323	1022	6	light	light	NOUN
ftr-323	1022	7	of	of	ADP
ftr-323	1022	8	the	the	DET
ftr-323	1022	9	current	current	ADJ
ftr-323	1022	10	u.s	u.s	PROPN
ftr-323	1022	11	.	.	PROPN
ftr-323	1022	12	fiscal	fiscal	ADJ
ftr-323	1022	13	situation	situation	NOUN
ftr-323	1022	14	.	.	PUNCT
ftr-323	1023	1	one	one	NUM
ftr-323	1023	2	last	last	ADJ
ftr-323	1023	3	issue	issue	NOUN
ftr-323	1023	4	merits	merit	VERB
ftr-323	1023	5	discussion	discussion	NOUN
ftr-323	1023	6	here	here	ADV
ftr-323	1023	7	.	.	PUNCT
ftr-323	1024	1	a	a	DET
ftr-323	1024	2	number	number	NOUN
ftr-323	1024	3	of	of	ADP
ftr-323	1024	4	countries	country	NOUN
ftr-323	1024	5	employing	employ	VERB
ftr-323	1024	6	exemption	exemption	NOUN
ftr-323	1024	7	systems	system	NOUN
ftr-323	1024	8	reduce	reduce	VERB
ftr-323	1024	9	the	the	DET
ftr-323	1024	10	percentage	percentage	NOUN
ftr-323	1024	11	of	of	ADP
ftr-323	1024	12	income	income	NOUN
ftr-323	1024	13	qualifying	qualify	VERB
ftr-323	1024	14	for	for	ADP
ftr-323	1024	15	exemption	exemption	NOUN
ftr-323	1024	16	by	by	ADP
ftr-323	1024	17	some	some	DET
ftr-323	1024	18	stated	state	VERB
ftr-323	1024	19	percentage	percentage	NOUN
ftr-323	1024	20	(	(	PUNCT
ftr-323	1024	21	e.g.	e.g.	ADV
ftr-323	1024	22	,	,	PUNCT
ftr-323	1024	23	5	5	NUM
ftr-323	1024	24	percent	percent	NOUN
ftr-323	1024	25	)	)	PUNCT
ftr-323	1024	26	as	as	ADP
ftr-323	1024	27	an	an	DET
ftr-323	1024	28	alternative	alternative	NOUN
ftr-323	1024	29	to	to	ADP
ftr-323	1024	30	disallowing	disallow	VERB
ftr-323	1024	31	a	a	DET
ftr-323	1024	32	domestic	domestic	ADJ
ftr-323	1024	33	corporation	corporation	NOUN
ftr-323	1024	34	’s	’s	PART
ftr-323	1024	35	expenses	expense	NOUN
ftr-323	1024	36	relating	relate	VERB
ftr-323	1024	37	to	to	ADP
ftr-323	1024	38	earning	earn	VERB
ftr-323	1024	39	exempt	exempt	ADJ
ftr-323	1024	40	dividend	dividend	NOUN
ftr-323	1024	41	income	income	NOUN
ftr-323	1024	42	from	from	ADP
ftr-323	1024	43	its	its	PRON
ftr-323	1024	44	foreign	foreign	ADJ
ftr-323	1024	45	corporate	corporate	ADJ
ftr-323	1024	46	holdings.180	holdings.180	NOUN
ftr-323	1024	47	thus	thus	ADV
ftr-323	1024	48	,	,	PUNCT
ftr-323	1024	49	under	under	ADP
ftr-323	1024	50	those	those	DET
ftr-323	1024	51	systems	system	NOUN
ftr-323	1024	52	,	,	PUNCT
ftr-323	1024	53	no	no	DET
ftr-323	1024	54	expense	expense	NOUN
ftr-323	1024	55	allocation	allocation	NOUN
ftr-323	1024	56	or	or	CCONJ
ftr-323	1024	57	apportionment	apportionment	ADJ
ftr-323	1024	58	rules	rule	NOUN
ftr-323	1024	59	apply	apply	VERB
ftr-323	1024	60	to	to	PART
ftr-323	1024	61	disallow	disallow	VERB
ftr-323	1024	62	any	any	DET
ftr-323	1024	63	portion	portion	NOUN
ftr-323	1024	64	of	of	ADP
ftr-323	1024	65	a	a	DET
ftr-323	1024	66	domestic	domestic	ADJ
ftr-323	1024	67	corporation	corporation	NOUN
ftr-323	1024	68	’s	’s	PART
ftr-323	1024	69	expenses	expense	NOUN
ftr-323	1024	70	that	that	PRON
ftr-323	1024	71	may	may	AUX
ftr-323	1024	72	be	be	AUX
ftr-323	1024	73	properly	properly	ADV
ftr-323	1024	74	allocable	allocable	ADJ
ftr-323	1024	75	to	to	ADP
ftr-323	1024	76	the	the	DET
ftr-323	1024	77	tax	tax	NOUN
ftr-323	1024	78	-	-	PUNCT
ftr-323	1024	79	exempt	exempt	ADJ
ftr-323	1024	80	dividend	dividend	NOUN
ftr-323	1024	81	income	income	NOUN
ftr-323	1024	82	.	.	PUNCT
ftr-323	1025	1	this	this	DET
ftr-323	1025	2	approach	approach	NOUN
ftr-323	1025	3	reduces	reduce	VERB
ftr-323	1025	4	complexity	complexity	NOUN
ftr-323	1025	5	by	by	ADP
ftr-323	1025	6	eliminating	eliminate	VERB
ftr-323	1025	7	the	the	DET
ftr-323	1025	8	time	time	NOUN
ftr-323	1025	9	-	-	PUNCT
ftr-323	1025	10	consuming	consume	VERB
ftr-323	1025	11	and	and	CCONJ
ftr-323	1025	12	costly	costly	ADJ
ftr-323	1025	13	disputes	dispute	NOUN
ftr-323	1025	14	that	that	PRON
ftr-323	1025	15	arise	arise	VERB
ftr-323	1025	16	under	under	ADP
ftr-323	1025	17	the	the	DET
ftr-323	1025	18	deduction	deduction	NOUN
ftr-323	1025	19	allocation	allocation	NOUN
ftr-323	1025	20	and	and	CCONJ
ftr-323	1025	21	apportionment	apportionment	ADJ
ftr-323	1025	22	rules	rule	NOUN
ftr-323	1025	23	.	.	PUNCT
ftr-323	1026	1	however	however	ADV
ftr-323	1026	2	,	,	PUNCT
ftr-323	1026	3	by	by	ADP
ftr-323	1026	4	using	use	VERB
ftr-323	1026	5	an	an	DET
ftr-323	1026	6	arbitrary	arbitrary	ADJ
ftr-323	1026	7	percentage	percentage	NOUN
ftr-323	1026	8	in	in	ADP
ftr-323	1026	9	place	place	NOUN
ftr-323	1026	10	of	of	ADP
ftr-323	1026	11	a	a	DET
ftr-323	1026	12	fact	fact	NOUN
ftr-323	1026	13	-	-	PUNCT
ftr-323	1026	14	based	base	VERB
ftr-323	1026	15	allocation	allocation	NOUN
ftr-323	1026	16	and	and	CCONJ
ftr-323	1026	17	apportionment	apportionment	ADJ
ftr-323	1026	18	deduction	deduction	NOUN
ftr-323	1026	19	disallowance	disallowance	NOUN
ftr-323	1026	20	approach	approach	NOUN
ftr-323	1026	21	,	,	PUNCT
ftr-323	1026	22	this	this	DET
ftr-323	1026	23	approach	approach	NOUN
ftr-323	1026	24	will	will	AUX
ftr-323	1026	25	result	result	VERB
ftr-323	1026	26	in	in	ADP
ftr-323	1026	27	the	the	DET
ftr-323	1026	28	overtaxation	overtaxation	NOUN
ftr-323	1026	29	of	of	ADP
ftr-323	1026	30	some	some	DET
ftr-323	1026	31	dividend	dividend	NOUN
ftr-323	1026	32	income	income	NOUN
ftr-323	1026	33	paid	pay	VERB
ftr-323	1026	34	by	by	ADP
ftr-323	1026	35	foreign	foreign	ADJ
ftr-323	1026	36	corporations	corporation	NOUN
ftr-323	1026	37	(	(	PUNCT
ftr-323	1026	38	to	to	ADP
ftr-323	1026	39	the	the	DET
ftr-323	1026	40	extent	extent	NOUN
ftr-323	1026	41	that	that	SCONJ
ftr-323	1026	42	the	the	DET
ftr-323	1026	43	domestic	domestic	ADJ
ftr-323	1026	44	corporation	corporation	NOUN
ftr-323	1026	45	’s	’s	PART
ftr-323	1026	46	expenses	expense	NOUN
ftr-323	1026	47	that	that	PRON
ftr-323	1026	48	would	would	AUX
ftr-323	1026	49	properly	properly	ADV
ftr-323	1026	50	be	be	AUX
ftr-323	1026	51	allocable	allocable	ADJ
ftr-323	1026	52	to	to	ADP
ftr-323	1026	53	the	the	DET
ftr-323	1026	54	exempt	exempt	ADJ
ftr-323	1026	55	dividend	dividend	NOUN
ftr-323	1026	56	income	income	NOUN
ftr-323	1026	57	and	and	CCONJ
ftr-323	1026	58	disallowed	disallow	VERB
ftr-323	1026	59	,	,	PUNCT
ftr-323	1026	60	expressed	express	VERB
ftr-323	1026	61	as	as	ADP
ftr-323	1026	62	a	a	DET
ftr-323	1026	63	percentage	percentage	NOUN
ftr-323	1026	64	of	of	ADP
ftr-323	1026	65	the	the	DET
ftr-323	1026	66	dividend	dividend	NOUN
ftr-323	1026	67	income	income	NOUN
ftr-323	1026	68	paid	pay	VERB
ftr-323	1026	69	by	by	ADP
ftr-323	1026	70	the	the	DET
ftr-323	1026	71	foreign	foreign	ADJ
ftr-323	1026	72	corporation	corporation	NOUN
ftr-323	1026	73	,	,	PUNCT
ftr-323	1026	74	are	be	AUX
ftr-323	1026	75	less	less	ADJ
ftr-323	1026	76	than	than	ADP
ftr-323	1026	77	the	the	DET
ftr-323	1026	78	arbitrary	arbitrary	ADJ
ftr-323	1026	79	percentage	percentage	NOUN
ftr-323	1026	80	used	use	VERB
ftr-323	1026	81	in	in	ADP
ftr-323	1026	82	place	place	NOUN
ftr-323	1026	83	of	of	ADP
ftr-323	1026	84	expense	expense	NOUN
ftr-323	1026	85	disallowance	disallowance	NOUN
ftr-323	1026	86	rules	rule	NOUN
ftr-323	1026	87	)	)	PUNCT
ftr-323	1026	88	and	and	CCONJ
ftr-323	1026	89	the	the	DET
ftr-323	1026	90	undertaxation	undertaxation	NOUN
ftr-323	1026	91	of	of	ADP
ftr-323	1026	92	other	other	ADJ
ftr-323	1026	93	such	such	ADJ
ftr-323	1026	94	dividend	dividend	NOUN
ftr-323	1026	95	income	income	NOUN
ftr-323	1026	96	(	(	PUNCT
ftr-323	1026	97	to	to	ADP
ftr-323	1026	98	the	the	DET
ftr-323	1026	99	extent	extent	NOUN
ftr-323	1026	100	that	that	SCONJ
ftr-323	1026	101	the	the	DET
ftr-323	1026	102	domestic	domestic	ADJ
ftr-323	1026	103	corporation	corporation	NOUN
ftr-323	1026	104	’s	’s	PART
ftr-323	1026	105	expenses	expense	NOUN
ftr-323	1026	106	that	that	PRON
ftr-323	1026	107	would	would	AUX
ftr-323	1026	108	properly	properly	ADV
ftr-323	1026	109	be	be	AUX
ftr-323	1026	110	allocable	allocable	ADJ
ftr-323	1026	111	to	to	ADP
ftr-323	1026	112	the	the	DET
ftr-323	1026	113	exempt	exempt	ADJ
ftr-323	1026	114	dividend	dividend	NOUN
ftr-323	1026	115	income	income	NOUN
ftr-323	1026	116	and	and	CCONJ
ftr-323	1026	117	disallowed	disallow	VERB
ftr-323	1026	118	,	,	PUNCT
ftr-323	1026	119	expressed	express	VERB
ftr-323	1026	120	as	as	ADP
ftr-323	1026	121	a	a	DET
ftr-323	1026	122	percentage	percentage	NOUN
ftr-323	1026	123	of	of	ADP
ftr-323	1026	124	the	the	DET
ftr-323	1026	125	dividend	dividend	NOUN
ftr-323	1026	126	income	income	NOUN
ftr-323	1026	127	paid	pay	VERB
ftr-323	1026	128	by	by	ADP
ftr-323	1026	129	the	the	DET
ftr-323	1026	130	foreign	foreign	ADJ
ftr-323	1026	131	corporation	corporation	NOUN
ftr-323	1026	132	,	,	PUNCT
ftr-323	1026	133	are	be	AUX
ftr-323	1026	134	greater	great	ADJ
ftr-323	1026	135	than	than	ADP
ftr-323	1026	136	the	the	DET
ftr-323	1026	137	arbitrary	arbitrary	ADJ
ftr-323	1026	138	percentage	percentage	NOUN
ftr-323	1026	139	used	use	VERB
ftr-323	1026	140	in	in	ADP
ftr-323	1026	141	place	place	NOUN
ftr-323	1026	142	of	of	ADP
ftr-323	1026	143	expense	expense	NOUN
ftr-323	1026	144	disallowance	disallowance	NOUN
ftr-323	1026	145	rules	rule	NOUN
ftr-323	1026	146	)	)	PUNCT
ftr-323	1026	147	.	.	PUNCT
ftr-323	1027	1	for	for	ADP
ftr-323	1027	2	this	this	DET
ftr-323	1027	3	reason	reason	NOUN
ftr-323	1027	4	,	,	PUNCT
ftr-323	1027	5	we	we	PRON
ftr-323	1027	6	believe	believe	VERB
ftr-323	1027	7	that	that	SCONJ
ftr-323	1027	8	a	a	DET
ftr-323	1027	9	properly	properly	ADV
ftr-323	1027	10	designed	design	VERB
ftr-323	1027	11	exemption	exemption	NOUN
ftr-323	1027	12	system	system	NOUN
ftr-323	1027	13	should	should	AUX
ftr-323	1027	14	not	not	PART
ftr-323	1027	15	use	use	VERB
ftr-323	1027	16	this	this	DET
ftr-323	1027	17	approach	approach	NOUN
ftr-323	1027	18	;	;	PUNCT
ftr-323	1027	19	instead	instead	ADV
ftr-323	1027	20	it	it	PRON
ftr-323	1027	21	should	should	AUX
ftr-323	1027	22	use	use	VERB
ftr-323	1027	23	properly	properly	ADV
ftr-323	1027	24	constructed	construct	VERB
ftr-323	1027	25	expense	expense	NOUN
ftr-323	1027	26	allocation	allocation	NOUN
ftr-323	1027	27	and	and	CCONJ
ftr-323	1027	28	apportionment	apportionment	NOUN
ftr-323	1027	29	rules.181	rules.181	PROPN
ftr-323	1027	30	alternatively	alternatively	ADV
ftr-323	1027	31	,	,	PUNCT
ftr-323	1027	32	if	if	SCONJ
ftr-323	1027	33	this	this	DET
ftr-323	1027	34	percentage	percentage	NOUN
ftr-323	1027	35	haircut	haircut	NOUN
ftr-323	1027	36	approach	approach	NOUN
ftr-323	1027	37	180	180	NUM
ftr-323	1027	38	.	.	PUNCT
ftr-323	1028	1	this	this	DET
ftr-323	1028	2	rule	rule	NOUN
ftr-323	1028	3	is	be	AUX
ftr-323	1028	4	sometimes	sometimes	ADV
ftr-323	1028	5	referred	refer	VERB
ftr-323	1028	6	to	to	ADP
ftr-323	1028	7	as	as	ADP
ftr-323	1028	8	an	an	DET
ftr-323	1028	9	expense	expense	NOUN
ftr-323	1028	10	“	"	PUNCT
ftr-323	1028	11	haircut	haircut	ADJ
ftr-323	1028	12	.	.	PUNCT
ftr-323	1028	13	”	"	PUNCT
ftr-323	1029	1	countries	country	NOUN
ftr-323	1029	2	using	use	VERB
ftr-323	1029	3	some	some	DET
ftr-323	1029	4	variation	variation	NOUN
ftr-323	1029	5	of	of	ADP
ftr-323	1029	6	this	this	DET
ftr-323	1029	7	approach	approach	NOUN
ftr-323	1029	8	include	include	VERB
ftr-323	1029	9	france	france	PROPN
ftr-323	1029	10	,	,	PUNCT
ftr-323	1029	11	germany	germany	PROPN
ftr-323	1029	12	,	,	PUNCT
ftr-323	1029	13	japan	japan	PROPN
ftr-323	1029	14	,	,	PUNCT
ftr-323	1029	15	and	and	CCONJ
ftr-323	1029	16	switzerland	switzerland	PROPN
ftr-323	1029	17	.	.	PUNCT
ftr-323	1030	1	see	see	VERB
ftr-323	1030	2	staff	staff	NOUN
ftr-323	1030	3	of	of	ADP
ftr-323	1030	4	joint	joint	ADJ
ftr-323	1030	5	comm	comm	NOUN
ftr-323	1030	6	.	.	PUNCT
ftr-323	1030	7	,	,	PUNCT
ftr-323	1030	8	background	background	NOUN
ftr-323	1030	9	and	and	CCONJ
ftr-323	1030	10	issues	issue	NOUN
ftr-323	1030	11	,	,	PUNCT
ftr-323	1030	12	supra	supra	PROPN
ftr-323	1030	13	note	note	NOUN
ftr-323	1030	14	48	48	NUM
ftr-323	1030	15	,	,	PUNCT
ftr-323	1030	16	at	at	ADP
ftr-323	1030	17	23	23	NUM
ftr-323	1030	18	,	,	PUNCT
ftr-323	1030	19	25	25	NUM
ftr-323	1030	20	,	,	PUNCT
ftr-323	1030	21	28	28	NUM
ftr-323	1030	22	,	,	PUNCT
ftr-323	1030	23	40	40	NUM
ftr-323	1030	24	.	.	PUNCT
ftr-323	1031	1	181	181	NUM
ftr-323	1031	2	.	.	PUNCT
ftr-323	1032	1	the	the	DET
ftr-323	1032	2	exemption	exemption	NOUN
ftr-323	1032	3	proposals	proposal	NOUN
ftr-323	1032	4	of	of	ADP
ftr-323	1032	5	both	both	CCONJ
ftr-323	1032	6	the	the	DET
ftr-323	1032	7	bush	bush	PROPN
ftr-323	1032	8	tax	tax	PROPN
ftr-323	1032	9	reform	reform	PROPN
ftr-323	1032	10	commission	commission	PROPN
ftr-323	1032	11	and	and	CCONJ
ftr-323	1032	12	the	the	DET
ftr-323	1032	13	staff	staff	NOUN
ftr-323	1032	14	of	of	ADP
ftr-323	1032	15	the	the	DET
ftr-323	1032	16	joint	joint	ADJ
ftr-323	1032	17	committee	committee	NOUN
ftr-323	1032	18	on	on	ADP
ftr-323	1032	19	taxation	taxation	NOUN
ftr-323	1032	20	would	would	AUX
ftr-323	1032	21	retain	retain	VERB
ftr-323	1032	22	the	the	DET
ftr-323	1032	23	allocation	allocation	NOUN
ftr-323	1032	24	and	and	CCONJ
ftr-323	1032	25	apportionment	apportionment	ADJ
ftr-323	1032	26	rules	rule	NOUN
ftr-323	1032	27	to	to	PART
ftr-323	1032	28	determine	determine	VERB
ftr-323	1032	29	which	which	DET
ftr-323	1032	30	deductions	deduction	NOUN
ftr-323	1032	31	are	be	AUX
ftr-323	1032	32	properly	properly	ADV
ftr-323	1032	33	allocable	allocable	ADJ
ftr-323	1032	34	to	to	PART
ftr-323	1032	35	exempt	exempt	VERB
ftr-323	1032	36	dividend	dividend	NOUN
ftr-323	1032	37	income	income	NOUN
ftr-323	1032	38	and	and	CCONJ
ftr-323	1032	39	,	,	PUNCT
ftr-323	1032	40	thus	thus	ADV
ftr-323	1032	41	,	,	PUNCT
ftr-323	1032	42	are	be	AUX
ftr-323	1032	43	nondeductible	nondeductible	ADJ
ftr-323	1032	44	.	.	PUNCT
ftr-323	1033	1	see	see	VERB
ftr-323	1033	2	president	president	PROPN
ftr-323	1033	3	’s	’s	PART
ftr-323	1033	4	tax	tax	NOUN
ftr-323	1033	5	reform	reform	NOUN
ftr-323	1033	6	advisory	advisory	ADJ
ftr-323	1033	7	panel	panel	NOUN
ftr-323	1033	8	,	,	PUNCT
ftr-323	1033	9	supra	supra	PROPN
ftr-323	1033	10	note	note	PROPN
ftr-323	1033	11	108	108	NUM
ftr-323	1033	12	,	,	PUNCT
ftr-323	1033	13	at	at	ADP
ftr-323	1033	14	134	134	NUM
ftr-323	1033	15	;	;	PUNCT
ftr-323	1033	16	staff	staff	NOUN
ftr-323	1033	17	of	of	ADP
ftr-323	1033	18	joint	joint	ADJ
ftr-323	1033	19	comm	comm	NOUN
ftr-323	1033	20	.	.	PUNCT
ftr-323	1034	1	,	,	PUNCT
ftr-323	1034	2	options	option	NOUN
ftr-323	1034	3	,	,	PUNCT
ftr-323	1034	4	supra	supra	PROPN
ftr-323	1034	5	note	note	NOUN
ftr-323	1034	6	41	41	NUM
ftr-323	1034	7	,	,	PUNCT
ftr-323	1034	8	at	at	ADP
ftr-323	1034	9	190	190	NUM
ftr-323	1034	10	;	;	PUNCT
ftr-323	1034	11	see	see	VERB
ftr-323	1034	12	also	also	ADV
ftr-323	1034	13	staff	staff	NOUN
ftr-323	1034	14	of	of	ADP
ftr-323	1034	15	joint	joint	ADJ
ftr-323	1034	16	comm	comm	NOUN
ftr-323	1034	17	.	.	PUNCT
ftr-323	1035	1	,	,	PUNCT
ftr-323	1035	2	taxation	taxation	NOUN
ftr-323	1035	3	of	of	ADP
ftr-323	1035	4	cross	cross	ADJ
ftr-323	1035	5	-	-	ADJ
ftr-323	1035	6	border	border	ADJ
ftr-323	1035	7	income	income	NOUN
ftr-323	1035	8	,	,	PUNCT
ftr-323	1035	9	supra	supra	PROPN
ftr-323	1035	10	note	note	VERB
ftr-323	1035	11	146	146	NUM
ftr-323	1035	12	,	,	PUNCT
ftr-323	1035	13	at	at	ADP
ftr-323	1035	14	83–84	83–84	NOUN
ftr-323	1035	15	.	.	PUNCT
ftr-323	1036	1	commentators	commentator	NOUN
ftr-323	1036	2	graetz	graetz	PROPN
ftr-323	1036	3	and	and	CCONJ
ftr-323	1036	4	oosterhuis	oosterhuis	PROPN
ftr-323	1036	5	also	also	ADV
ftr-323	1036	6	favored	favor	VERB
ftr-323	1036	7	retaining	retain	VERB
ftr-323	1036	8	allocation	allocation	NOUN
ftr-323	1036	9	and	and	CCONJ
ftr-323	1036	10	apportionment	apportionment	ADJ
ftr-323	1036	11	rules	rule	NOUN
ftr-323	1036	12	for	for	ADP
ftr-323	1036	13	deductions	deduction	NOUN
ftr-323	1036	14	in	in	ADP
ftr-323	1036	15	their	their	PRON
ftr-323	1036	16	exemption	exemption	NOUN
ftr-323	1036	17	system	system	NOUN
ftr-323	1036	18	proposal	proposal	NOUN
ftr-323	1036	19	,	,	PUNCT
ftr-323	1036	20	although	although	SCONJ
ftr-323	1036	21	they	they	PRON
ftr-323	1036	22	argued	argue	VERB
ftr-323	1036	23	that	that	SCONJ
ftr-323	1036	24	“	"	PUNCT
ftr-323	1036	25	stewardship	stewardship	NOUN
ftr-323	1036	26	expenses	expense	NOUN
ftr-323	1036	27	”	"	PUNCT
ftr-323	1036	28	should	should	AUX
ftr-323	1036	29	be	be	AUX
ftr-323	1036	30	narrowly	narrowly	ADV
ftr-323	1036	31	defined	define	VERB
ftr-323	1036	32	in	in	ADP
ftr-323	1036	33	such	such	DET
ftr-323	1036	34	a	a	DET
ftr-323	1036	35	system	system	NOUN
ftr-323	1036	36	because	because	SCONJ
ftr-323	1036	37	any	any	DET
ftr-323	1036	38	such	such	ADJ
ftr-323	1036	39	expenses	expense	NOUN
ftr-323	1036	40	allocable	allocable	ADJ
ftr-323	1036	41	to	to	PART
ftr-323	1036	42	exempt	exempt	VERB
ftr-323	1036	43	income	income	NOUN
ftr-323	1036	44	would	would	AUX
ftr-323	1036	45	not	not	PART
ftr-323	1036	46	be	be	AUX
ftr-323	1036	47	deductible	deductible	ADJ
ftr-323	1036	48	in	in	ADP
ftr-323	1036	49	any	any	DET
ftr-323	1036	50	jurisdiction	jurisdiction	NOUN
ftr-323	1036	51	—	—	PUNCT
ftr-323	1036	52	an	an	DET
ftr-323	1036	53	inappropriate	inappropriate	ADJ
ftr-323	1036	54	452	452	NUM
ftr-323	1036	55	florida	florida	PROPN
ftr-323	1036	56	tax	tax	NOUN
ftr-323	1036	57	review	review	NOUN
ftr-323	1036	58	[	[	X
ftr-323	1036	59	vol	vol	NOUN
ftr-323	1036	60	.	.	PUNCT
ftr-323	1037	1	13:8	13:8	NUM
ftr-323	1037	2	is	be	AUX
ftr-323	1037	3	to	to	PART
ftr-323	1037	4	be	be	AUX
ftr-323	1037	5	adopted	adopt	VERB
ftr-323	1037	6	in	in	ADP
ftr-323	1037	7	place	place	NOUN
ftr-323	1037	8	of	of	ADP
ftr-323	1037	9	allocation	allocation	NOUN
ftr-323	1037	10	and	and	CCONJ
ftr-323	1037	11	apportionment	apportionment	NOUN
ftr-323	1037	12	of	of	ADP
ftr-323	1037	13	deduction	deduction	NOUN
ftr-323	1037	14	rules	rule	NOUN
ftr-323	1037	15	,	,	PUNCT
ftr-323	1037	16	we	we	PRON
ftr-323	1037	17	believe	believe	VERB
ftr-323	1037	18	that	that	SCONJ
ftr-323	1037	19	it	it	PRON
ftr-323	1037	20	makes	make	VERB
ftr-323	1037	21	sense	sense	NOUN
ftr-323	1037	22	for	for	SCONJ
ftr-323	1037	23	the	the	DET
ftr-323	1037	24	percentage	percentage	NOUN
ftr-323	1037	25	haircut	haircut	NOUN
ftr-323	1037	26	to	to	PART
ftr-323	1037	27	vary	vary	VERB
ftr-323	1037	28	by	by	ADP
ftr-323	1037	29	industry	industry	NOUN
ftr-323	1037	30	group	group	NOUN
ftr-323	1037	31	so	so	SCONJ
ftr-323	1037	32	that	that	SCONJ
ftr-323	1037	33	industry	industry	NOUN
ftr-323	1037	34	groups	group	NOUN
ftr-323	1037	35	with	with	ADP
ftr-323	1037	36	higher	high	ADJ
ftr-323	1037	37	expenses	expense	NOUN
ftr-323	1037	38	allocable	allocable	ADJ
ftr-323	1037	39	to	to	ADP
ftr-323	1037	40	tax	tax	NOUN
ftr-323	1037	41	-	-	PUNCT
ftr-323	1037	42	exempt	exempt	ADJ
ftr-323	1037	43	foreign	foreign	ADJ
ftr-323	1037	44	income	income	NOUN
ftr-323	1037	45	on	on	ADP
ftr-323	1037	46	average	average	ADJ
ftr-323	1037	47	would	would	AUX
ftr-323	1037	48	have	have	VERB
ftr-323	1037	49	a	a	DET
ftr-323	1037	50	higher	high	ADJ
ftr-323	1037	51	percentage	percentage	NOUN
ftr-323	1037	52	haircut	haircut	NOUN
ftr-323	1037	53	,	,	PUNCT
ftr-323	1037	54	and	and	CCONJ
ftr-323	1037	55	those	those	PRON
ftr-323	1037	56	with	with	ADP
ftr-323	1037	57	lower	low	ADJ
ftr-323	1037	58	expenses	expense	NOUN
ftr-323	1037	59	allocable	allocable	ADJ
ftr-323	1037	60	to	to	ADP
ftr-323	1037	61	such	such	ADJ
ftr-323	1037	62	income	income	NOUN
ftr-323	1037	63	on	on	ADP
ftr-323	1037	64	average	average	ADJ
ftr-323	1037	65	would	would	AUX
ftr-323	1037	66	have	have	VERB
ftr-323	1037	67	a	a	DET
ftr-323	1037	68	smaller	small	ADJ
ftr-323	1037	69	percentage	percentage	NOUN
ftr-323	1037	70	haircut	haircut	NOUN
ftr-323	1037	71	.	.	PUNCT
ftr-323	1038	1	these	these	DET
ftr-323	1038	2	percentages	percentage	NOUN
ftr-323	1038	3	could	could	AUX
ftr-323	1038	4	be	be	AUX
ftr-323	1038	5	developed	develop	VERB
ftr-323	1038	6	by	by	ADP
ftr-323	1038	7	treasury	treasury	PROPN
ftr-323	1038	8	and	and	CCONJ
ftr-323	1038	9	irs	irs	PROPN
ftr-323	1038	10	studies	study	NOUN
ftr-323	1038	11	as	as	SCONJ
ftr-323	1038	12	has	have	AUX
ftr-323	1038	13	been	be	AUX
ftr-323	1038	14	done	do	VERB
ftr-323	1038	15	to	to	PART
ftr-323	1038	16	determine	determine	VERB
ftr-323	1038	17	the	the	DET
ftr-323	1038	18	class	class	NOUN
ftr-323	1038	19	lives	life	NOUN
ftr-323	1038	20	of	of	ADP
ftr-323	1038	21	assets	asset	NOUN
ftr-323	1038	22	for	for	ADP
ftr-323	1038	23	depreciation	depreciation	NOUN
ftr-323	1038	24	purposes	purpose	NOUN
ftr-323	1038	25	.	.	PUNCT
ftr-323	1039	1	c.	c.	PROPN
ftr-323	1039	2	foreign	foreign	ADJ
ftr-323	1039	3	losses	loss	NOUN
ftr-323	1039	4	since	since	SCONJ
ftr-323	1039	5	1913	1913	NUM
ftr-323	1039	6	,	,	PUNCT
ftr-323	1039	7	u.s	u.s	PROPN
ftr-323	1039	8	.	.	PROPN
ftr-323	1039	9	federal	federal	ADJ
ftr-323	1039	10	income	income	NOUN
ftr-323	1039	11	tax	tax	NOUN
ftr-323	1039	12	law	law	NOUN
ftr-323	1039	13	has	have	AUX
ftr-323	1039	14	provided	provide	VERB
ftr-323	1039	15	that	that	SCONJ
ftr-323	1039	16	u.s	u.s	PROPN
ftr-323	1039	17	.	.	PROPN
ftr-323	1039	18	residents	resident	NOUN
ftr-323	1039	19	are	be	AUX
ftr-323	1039	20	generally	generally	ADV
ftr-323	1039	21	taxable	taxable	ADJ
ftr-323	1039	22	on	on	ADP
ftr-323	1039	23	both	both	CCONJ
ftr-323	1039	24	their	their	PRON
ftr-323	1039	25	u.s.-source	u.s.-source	NOUN
ftr-323	1039	26	and	and	CCONJ
ftr-323	1039	27	foreign	foreign	ADJ
ftr-323	1039	28	-	-	PUNCT
ftr-323	1039	29	source	source	NOUN
ftr-323	1039	30	income	income	NOUN
ftr-323	1039	31	at	at	ADP
ftr-323	1039	32	the	the	DET
ftr-323	1039	33	time	time	NOUN
ftr-323	1039	34	it	it	PRON
ftr-323	1039	35	is	be	AUX
ftr-323	1039	36	earned	earn	VERB
ftr-323	1039	37	.	.	PUNCT
ftr-323	1040	1	as	as	SCONJ
ftr-323	1040	2	mentioned	mention	VERB
ftr-323	1040	3	earlier	early	ADV
ftr-323	1040	4	,	,	PUNCT
ftr-323	1040	5	a	a	DET
ftr-323	1040	6	major	major	ADJ
ftr-323	1040	7	exception	exception	NOUN
ftr-323	1040	8	to	to	ADP
ftr-323	1040	9	this	this	DET
ftr-323	1040	10	general	general	ADJ
ftr-323	1040	11	rule	rule	NOUN
ftr-323	1040	12	is	be	AUX
ftr-323	1040	13	the	the	DET
ftr-323	1040	14	so	so	ADV
ftr-323	1040	15	-	-	PUNCT
ftr-323	1040	16	called	call	VERB
ftr-323	1040	17	“	"	PUNCT
ftr-323	1040	18	deferral	deferral	ADJ
ftr-323	1040	19	principle	principle	NOUN
ftr-323	1040	20	”	"	PUNCT
ftr-323	1040	21	or	or	CCONJ
ftr-323	1040	22	“	"	PUNCT
ftr-323	1040	23	deferral	deferral	ADJ
ftr-323	1040	24	privilege	privilege	NOUN
ftr-323	1040	25	”	"	PUNCT
ftr-323	1040	26	under	under	ADP
ftr-323	1040	27	which	which	PRON
ftr-323	1040	28	u.s	u.s	PROPN
ftr-323	1040	29	.	.	PROPN
ftr-323	1040	30	residents	resident	NOUN
ftr-323	1040	31	are	be	AUX
ftr-323	1040	32	allowed	allow	VERB
ftr-323	1040	33	to	to	PART
ftr-323	1040	34	conduct	conduct	VERB
ftr-323	1040	35	profitable	profitable	ADJ
ftr-323	1040	36	overseas	overseas	ADJ
ftr-323	1040	37	business	business	NOUN
ftr-323	1040	38	activities	activity	NOUN
ftr-323	1040	39	through	through	ADP
ftr-323	1040	40	a	a	DET
ftr-323	1040	41	cfc	cfc	NOUN
ftr-323	1040	42	without	without	ADP
ftr-323	1040	43	paying	pay	VERB
ftr-323	1040	44	u.s	u.s	PROPN
ftr-323	1040	45	.	.	PROPN
ftr-323	1040	46	tax	tax	NOUN
ftr-323	1040	47	on	on	ADP
ftr-323	1040	48	the	the	DET
ftr-323	1040	49	resulting	result	VERB
ftr-323	1040	50	income	income	NOUN
ftr-323	1040	51	until	until	SCONJ
ftr-323	1040	52	the	the	DET
ftr-323	1040	53	foreign	foreign	ADJ
ftr-323	1040	54	corporation	corporation	NOUN
ftr-323	1040	55	makes	make	VERB
ftr-323	1040	56	dividend	dividend	NOUN
ftr-323	1040	57	distributions	distribution	NOUN
ftr-323	1040	58	or	or	CCONJ
ftr-323	1040	59	the	the	DET
ftr-323	1040	60	u.s	u.s	PROPN
ftr-323	1040	61	.	.	PROPN
ftr-323	1040	62	residents	resident	NOUN
ftr-323	1040	63	sell	sell	VERB
ftr-323	1040	64	the	the	DET
ftr-323	1040	65	cfc	cfc	NOUN
ftr-323	1040	66	’s	’s	PART
ftr-323	1040	67	stock	stock	NOUN
ftr-323	1040	68	at	at	ADP
ftr-323	1040	69	a	a	DET
ftr-323	1040	70	price	price	NOUN
ftr-323	1040	71	that	that	PRON
ftr-323	1040	72	reflects	reflect	VERB
ftr-323	1040	73	its	its	PRON
ftr-323	1040	74	accumulated	accumulate	VERB
ftr-323	1040	75	earnings	earning	NOUN
ftr-323	1040	76	.	.	PUNCT
ftr-323	1041	1	in	in	ADP
ftr-323	1041	2	the	the	DET
ftr-323	1041	3	interim	interim	ADJ
ftr-323	1041	4	,	,	PUNCT
ftr-323	1041	5	payment	payment	NOUN
ftr-323	1041	6	of	of	ADP
ftr-323	1041	7	u.s	u.s	PROPN
ftr-323	1041	8	.	.	PROPN
ftr-323	1041	9	income	income	NOUN
ftr-323	1041	10	tax	tax	NOUN
ftr-323	1041	11	on	on	ADP
ftr-323	1041	12	the	the	DET
ftr-323	1041	13	foreign	foreign	ADJ
ftr-323	1041	14	corporation	corporation	NOUN
ftr-323	1041	15	’s	’s	PART
ftr-323	1041	16	earnings	earning	NOUN
ftr-323	1041	17	is	be	AUX
ftr-323	1041	18	deferred	defer	VERB
ftr-323	1041	19	without	without	ADP
ftr-323	1041	20	incurring	incur	VERB
ftr-323	1041	21	an	an	DET
ftr-323	1041	22	interest	interest	NOUN
ftr-323	1041	23	charge.182	charge.182	NOUN
ftr-323	1041	24	thus	thus	ADV
ftr-323	1041	25	,	,	PUNCT
ftr-323	1041	26	because	because	SCONJ
ftr-323	1041	27	there	there	PRON
ftr-323	1041	28	is	be	VERB
ftr-323	1041	29	no	no	DET
ftr-323	1041	30	interest	interest	NOUN
ftr-323	1041	31	charge	charge	NOUN
ftr-323	1041	32	,	,	PUNCT
ftr-323	1041	33	the	the	DET
ftr-323	1041	34	effect	effect	NOUN
ftr-323	1041	35	of	of	ADP
ftr-323	1041	36	this	this	DET
ftr-323	1041	37	deferral	deferral	ADJ
ftr-323	1041	38	privilege	privilege	NOUN
ftr-323	1041	39	is	be	AUX
ftr-323	1041	40	to	to	PART
ftr-323	1041	41	shrink	shrink	VERB
ftr-323	1041	42	the	the	DET
ftr-323	1041	43	u.s	u.s	PROPN
ftr-323	1041	44	.	.	PROPN
ftr-323	1041	45	tax	tax	NOUN
ftr-323	1041	46	on	on	ADP
ftr-323	1041	47	the	the	DET
ftr-323	1041	48	foreign	foreign	ADJ
ftr-323	1041	49	-	-	PUNCT
ftr-323	1041	50	source	source	NOUN
ftr-323	1041	51	income	income	NOUN
ftr-323	1041	52	.	.	PUNCT
ftr-323	1042	1	this	this	DET
ftr-323	1042	2	shrinkage	shrinkage	NOUN
ftr-323	1042	3	increases	increase	VERB
ftr-323	1042	4	with	with	ADP
ftr-323	1042	5	the	the	DET
ftr-323	1042	6	passage	passage	NOUN
ftr-323	1042	7	of	of	ADP
ftr-323	1042	8	time	time	NOUN
ftr-323	1042	9	and	and	CCONJ
ftr-323	1042	10	causes	cause	VERB
ftr-323	1042	11	the	the	DET
ftr-323	1042	12	tax	tax	NOUN
ftr-323	1042	13	’s	’s	PART
ftr-323	1042	14	present	present	ADJ
ftr-323	1042	15	value	value	NOUN
ftr-323	1042	16	to	to	PART
ftr-323	1042	17	approach	approach	VERB
ftr-323	1042	18	zero	zero	NUM
ftr-323	1042	19	if	if	SCONJ
ftr-323	1042	20	the	the	DET
ftr-323	1042	21	period	period	NOUN
ftr-323	1042	22	between	between	ADP
ftr-323	1042	23	the	the	DET
ftr-323	1042	24	earning	earning	NOUN
ftr-323	1042	25	of	of	ADP
ftr-323	1042	26	the	the	DET
ftr-323	1042	27	income	income	NOUN
ftr-323	1042	28	and	and	CCONJ
ftr-323	1042	29	the	the	DET
ftr-323	1042	30	dividend	dividend	NOUN
ftr-323	1042	31	distribution	distribution	NOUN
ftr-323	1042	32	(	(	PUNCT
ftr-323	1042	33	the	the	DET
ftr-323	1042	34	deferral	deferral	ADJ
ftr-323	1042	35	period	period	NOUN
ftr-323	1042	36	)	)	PUNCT
ftr-323	1042	37	is	be	AUX
ftr-323	1042	38	sufficiently	sufficiently	ADV
ftr-323	1042	39	long.183	long.183	NUM
ftr-323	1042	40	consequently	consequently	ADV
ftr-323	1042	41	,	,	PUNCT
ftr-323	1042	42	the	the	DET
ftr-323	1042	43	effective	effective	ADJ
ftr-323	1042	44	u.s	u.s	PROPN
ftr-323	1042	45	.	.	PROPN
ftr-323	1042	46	tax	tax	NOUN
ftr-323	1042	47	rate	rate	NOUN
ftr-323	1042	48	on	on	ADP
ftr-323	1042	49	foreign	foreign	ADJ
ftr-323	1042	50	-	-	PUNCT
ftr-323	1042	51	source	source	NOUN
ftr-323	1042	52	income	income	NOUN
ftr-323	1042	53	earned	earn	VERB
ftr-323	1042	54	by	by	ADP
ftr-323	1042	55	a	a	DET
ftr-323	1042	56	foreign	foreign	ADJ
ftr-323	1042	57	corporation	corporation	NOUN
ftr-323	1042	58	that	that	PRON
ftr-323	1042	59	pays	pay	VERB
ftr-323	1042	60	a	a	DET
ftr-323	1042	61	low	low	ADJ
ftr-323	1042	62	foreign	foreign	ADJ
ftr-323	1042	63	tax	tax	NOUN
ftr-323	1042	64	is	be	AUX
ftr-323	1042	65	less	less	ADJ
ftr-323	1042	66	—	—	PUNCT
ftr-323	1042	67	often	often	ADV
ftr-323	1042	68	dramatically	dramatically	ADV
ftr-323	1042	69	less	less	ADV
ftr-323	1042	70	—	—	PUNCT
ftr-323	1042	71	than	than	ADP
ftr-323	1042	72	the	the	DET
ftr-323	1042	73	effective	effective	ADJ
ftr-323	1042	74	u.s	u.s	PROPN
ftr-323	1042	75	.	.	PROPN
ftr-323	1042	76	tax	tax	NOUN
ftr-323	1042	77	rate	rate	NOUN
ftr-323	1042	78	on	on	ADP
ftr-323	1042	79	income	income	NOUN
ftr-323	1042	80	from	from	ADP
ftr-323	1042	81	u.s	u.s	PROPN
ftr-323	1042	82	.	.	PROPN
ftr-323	1042	83	operations	operation	NOUN
ftr-323	1042	84	,	,	PUNCT
ftr-323	1042	85	and	and	CCONJ
ftr-323	1042	86	this	this	DET
ftr-323	1042	87	tax	tax	NOUN
ftr-323	1042	88	preference	preference	NOUN
ftr-323	1042	89	is	be	AUX
ftr-323	1042	90	a	a	DET
ftr-323	1042	91	distortive	distortive	ADJ
ftr-323	1042	92	incentive	incentive	NOUN
ftr-323	1042	93	for	for	SCONJ
ftr-323	1042	94	u.s	u.s	PROPN
ftr-323	1042	95	.	.	PROPN
ftr-323	1042	96	residents	resident	NOUN
ftr-323	1042	97	to	to	PART
ftr-323	1042	98	locate	locate	VERB
ftr-323	1042	99	their	their	PRON
ftr-323	1042	100	business	business	NOUN
ftr-323	1042	101	operations	operation	NOUN
ftr-323	1042	102	in	in	ADP
ftr-323	1042	103	low	low	ADJ
ftr-323	1042	104	-	-	PUNCT
ftr-323	1042	105	tax	tax	NOUN
ftr-323	1042	106	foreign	foreign	ADJ
ftr-323	1042	107	countries	country	NOUN
ftr-323	1042	108	.	.	PUNCT
ftr-323	1043	1	because	because	SCONJ
ftr-323	1043	2	income	income	NOUN
ftr-323	1043	3	from	from	ADP
ftr-323	1043	4	foreign	foreign	ADJ
ftr-323	1043	5	operations	operation	NOUN
ftr-323	1043	6	is	be	AUX
ftr-323	1043	7	lightly	lightly	ADV
ftr-323	1043	8	taxed	tax	VERB
ftr-323	1043	9	as	as	ADP
ftr-323	1043	10	a	a	DET
ftr-323	1043	11	result	result	NOUN
ftr-323	1043	12	of	of	ADP
ftr-323	1043	13	the	the	DET
ftr-323	1043	14	deferral	deferral	ADJ
ftr-323	1043	15	privilege	privilege	NOUN
ftr-323	1043	16	,	,	PUNCT
ftr-323	1043	17	losses	loss	NOUN
ftr-323	1043	18	from	from	ADP
ftr-323	1043	19	foreign	foreign	ADJ
ftr-323	1043	20	operations	operation	NOUN
ftr-323	1043	21	ought	ought	AUX
ftr-323	1043	22	not	not	PART
ftr-323	1043	23	to	to	PART
ftr-323	1043	24	be	be	AUX
ftr-323	1043	25	deductible	deductible	ADJ
ftr-323	1043	26	against	against	ADP
ftr-323	1043	27	more	more	ADV
ftr-323	1043	28	heavily	heavily	ADV
ftr-323	1043	29	taxed	tax	VERB
ftr-323	1043	30	u.s.-source	u.s.-source	ADJ
ftr-323	1043	31	income	income	NOUN
ftr-323	1043	32	.	.	PUNCT
ftr-323	1044	1	to	to	PART
ftr-323	1044	2	allow	allow	VERB
ftr-323	1044	3	the	the	DET
ftr-323	1044	4	deduction	deduction	NOUN
ftr-323	1044	5	would	would	AUX
ftr-323	1044	6	boost	boost	VERB
ftr-323	1044	7	the	the	DET
ftr-323	1044	8	deferral	deferral	ADJ
ftr-323	1044	9	result	result	NOUN
ftr-323	1044	10	,	,	PUNCT
ftr-323	1044	11	in	in	ADP
ftr-323	1044	12	their	their	PRON
ftr-323	1044	13	opinion	opinion	NOUN
ftr-323	1044	14	,	,	PUNCT
ftr-323	1044	15	for	for	ADP
ftr-323	1044	16	expenses	expense	NOUN
ftr-323	1044	17	incurred	incur	VERB
ftr-323	1044	18	to	to	PART
ftr-323	1044	19	earn	earn	VERB
ftr-323	1044	20	business	business	NOUN
ftr-323	1044	21	income	income	NOUN
ftr-323	1044	22	.	.	PUNCT
ftr-323	1045	1	see	see	VERB
ftr-323	1045	2	graetz	graetz	PROPN
ftr-323	1045	3	&	&	CCONJ
ftr-323	1045	4	oosterhuis	oosterhuis	PROPN
ftr-323	1045	5	,	,	PUNCT
ftr-323	1045	6	structuring	structure	VERB
ftr-323	1045	7	an	an	DET
ftr-323	1045	8	exemption	exemption	NOUN
ftr-323	1045	9	system	system	NOUN
ftr-323	1045	10	,	,	PUNCT
ftr-323	1045	11	supra	supra	PROPN
ftr-323	1045	12	note	note	NOUN
ftr-323	1045	13	50	50	NUM
ftr-323	1045	14	,	,	PUNCT
ftr-323	1045	15	at	at	ADP
ftr-323	1045	16	781–82	781–82	NOUN
ftr-323	1045	17	.	.	PUNCT
ftr-323	1046	1	we	we	PRON
ftr-323	1046	2	take	take	VERB
ftr-323	1046	3	a	a	DET
ftr-323	1046	4	different	different	ADJ
ftr-323	1046	5	view	view	NOUN
ftr-323	1046	6	.	.	PUNCT
ftr-323	1047	1	see	see	VERB
ftr-323	1047	2	supra	supra	ADJ
ftr-323	1047	3	text	text	NOUN
ftr-323	1047	4	accompanying	accompanying	ADJ
ftr-323	1047	5	notes	note	NOUN
ftr-323	1047	6	178–80	178–80	PROPN
ftr-323	1047	7	.	.	PROPN
ftr-323	1047	8	182	182	NUM
ftr-323	1047	9	.	.	PUNCT
ftr-323	1048	1	see	see	VERB
ftr-323	1048	2	gustafson	gustafson	PROPN
ftr-323	1048	3	,	,	PUNCT
ftr-323	1048	4	peroni	peroni	PROPN
ftr-323	1048	5	&	&	CCONJ
ftr-323	1048	6	pugh	pugh	PROPN
ftr-323	1048	7	,	,	PUNCT
ftr-323	1048	8	taxation	taxation	NOUN
ftr-323	1048	9	of	of	ADP
ftr-323	1048	10	international	international	ADJ
ftr-323	1048	11	transactions	transaction	NOUN
ftr-323	1048	12	,	,	PUNCT
ftr-323	1048	13	supra	supra	PROPN
ftr-323	1048	14	note	note	NOUN
ftr-323	1048	15	10	10	NUM
ftr-323	1048	16	,	,	PUNCT
ftr-323	1048	17	at	at	ADP
ftr-323	1048	18	24–26	24–26	NUM
ftr-323	1048	19	,	,	PUNCT
ftr-323	1048	20	485–86	485–86	NUM
ftr-323	1048	21	.	.	PUNCT
ftr-323	1049	1	the	the	DET
ftr-323	1049	2	exceptions	exception	NOUN
ftr-323	1049	3	to	to	ADP
ftr-323	1049	4	this	this	DET
ftr-323	1049	5	rule	rule	NOUN
ftr-323	1049	6	are	be	AUX
ftr-323	1049	7	readily	readily	ADV
ftr-323	1049	8	avoidable	avoidable	ADJ
ftr-323	1049	9	.	.	PUNCT
ftr-323	1050	1	see	see	VERB
ftr-323	1050	2	,	,	PUNCT
ftr-323	1050	3	e.g.	e.g.	ADV
ftr-323	1050	4	,	,	PUNCT
ftr-323	1050	5	peroni	peroni	PROPN
ftr-323	1050	6	,	,	PUNCT
ftr-323	1050	7	fleming	fleming	PROPN
ftr-323	1050	8	&	&	CCONJ
ftr-323	1050	9	shay	shay	PROPN
ftr-323	1050	10	,	,	PUNCT
ftr-323	1050	11	getting	get	VERB
ftr-323	1050	12	serious	serious	ADJ
ftr-323	1050	13	,	,	PUNCT
ftr-323	1050	14	supra	supra	ADJ
ftr-323	1050	15	note	note	NOUN
ftr-323	1050	16	3	3	NUM
ftr-323	1050	17	,	,	PUNCT
ftr-323	1050	18	at	at	ADP
ftr-323	1050	19	459–64	459–64	PROPN
ftr-323	1050	20	.	.	PUNCT
ftr-323	1051	1	this	this	DET
ftr-323	1051	2	discussion	discussion	NOUN
ftr-323	1051	3	and	and	CCONJ
ftr-323	1051	4	example	example	NOUN
ftr-323	1051	5	4	4	NUM
ftr-323	1051	6	assume	assume	VERB
ftr-323	1051	7	that	that	SCONJ
ftr-323	1051	8	the	the	DET
ftr-323	1051	9	necessary	necessary	ADJ
ftr-323	1051	10	avoidance	avoidance	NOUN
ftr-323	1051	11	criteria	criterion	NOUN
ftr-323	1051	12	are	be	AUX
ftr-323	1051	13	satisfied	satisfied	ADJ
ftr-323	1051	14	.	.	PUNCT
ftr-323	1052	1	183	183	NUM
ftr-323	1052	2	.	.	PUNCT
ftr-323	1053	1	see	see	VERB
ftr-323	1053	2	fleming	fleming	PROPN
ftr-323	1053	3	,	,	PUNCT
ftr-323	1053	4	peroni	peroni	PROPN
ftr-323	1053	5	&	&	CCONJ
ftr-323	1053	6	shay	shay	PROPN
ftr-323	1053	7	,	,	PUNCT
ftr-323	1053	8	worse	bad	ADJ
ftr-323	1053	9	than	than	ADP
ftr-323	1053	10	exemption	exemption	NOUN
ftr-323	1053	11	,	,	PUNCT
ftr-323	1053	12	supra	supra	PROPN
ftr-323	1053	13	note	note	NOUN
ftr-323	1053	14	4	4	NUM
ftr-323	1053	15	,	,	PUNCT
ftr-323	1053	16	at	at	ADP
ftr-323	1053	17	96–104	96–104	PROPN
ftr-323	1053	18	.	.	PUNCT
ftr-323	1053	19	2012	2012	NUM
ftr-323	1053	20	]	]	PUNCT
ftr-323	1053	21	exemption	exemption	NOUN
ftr-323	1053	22	when	when	SCONJ
ftr-323	1053	23	the	the	DET
ftr-323	1053	24	treasury	treasury	NOUN
ftr-323	1053	25	is	be	AUX
ftr-323	1053	26	empty	empty	ADJ
ftr-323	1053	27	453	453	NUM
ftr-323	1053	28	privilege	privilege	NOUN
ftr-323	1053	29	’s	’s	PART
ftr-323	1053	30	bias	bias	NOUN
ftr-323	1053	31	towards	towards	ADP
ftr-323	1053	32	establishing	establish	VERB
ftr-323	1053	33	business	business	NOUN
ftr-323	1053	34	and	and	CCONJ
ftr-323	1053	35	investment	investment	NOUN
ftr-323	1053	36	activities	activity	NOUN
ftr-323	1053	37	in	in	ADP
ftr-323	1053	38	low	low	ADJ
ftr-323	1053	39	-	-	PUNCT
ftr-323	1053	40	tax	tax	NOUN
ftr-323	1053	41	foreign	foreign	ADJ
ftr-323	1053	42	countries	country	NOUN
ftr-323	1053	43	.	.	PUNCT
ftr-323	1054	1	this	this	DET
ftr-323	1054	2	point	point	NOUN
ftr-323	1054	3	is	be	AUX
ftr-323	1054	4	illustrated	illustrate	VERB
ftr-323	1054	5	by	by	ADP
ftr-323	1054	6	the	the	DET
ftr-323	1054	7	following	follow	VERB
ftr-323	1054	8	example	example	NOUN
ftr-323	1054	9	:	:	PUNCT
ftr-323	1054	10	example	example	NOUN
ftr-323	1054	11	4	4	NUM
ftr-323	1054	12	assume	assume	VERB
ftr-323	1054	13	that	that	SCONJ
ftr-323	1054	14	usco	usco	NOUN
ftr-323	1054	15	,	,	PUNCT
ftr-323	1054	16	a	a	DET
ftr-323	1054	17	u.s	u.s	PROPN
ftr-323	1054	18	.	.	PROPN
ftr-323	1054	19	multinational	multinational	ADJ
ftr-323	1054	20	corporation	corporation	NOUN
ftr-323	1054	21	that	that	PRON
ftr-323	1054	22	pays	pay	VERB
ftr-323	1054	23	u.s	u.s	PROPN
ftr-323	1054	24	.	.	PROPN
ftr-323	1054	25	federal	federal	ADJ
ftr-323	1054	26	income	income	NOUN
ftr-323	1054	27	tax	tax	NOUN
ftr-323	1054	28	at	at	ADP
ftr-323	1054	29	a	a	DET
ftr-323	1054	30	marginal	marginal	ADJ
ftr-323	1054	31	effective	effective	ADJ
ftr-323	1054	32	tax	tax	NOUN
ftr-323	1054	33	rate	rate	NOUN
ftr-323	1054	34	of	of	ADP
ftr-323	1054	35	35	35	NUM
ftr-323	1054	36	percent	percent	NOUN
ftr-323	1054	37	,	,	PUNCT
ftr-323	1054	38	is	be	AUX
ftr-323	1054	39	deciding	decide	VERB
ftr-323	1054	40	between	between	ADP
ftr-323	1054	41	building	build	VERB
ftr-323	1054	42	a	a	DET
ftr-323	1054	43	factory	factory	NOUN
ftr-323	1054	44	in	in	ADP
ftr-323	1054	45	the	the	DET
ftr-323	1054	46	united	united	PROPN
ftr-323	1054	47	states	states	PROPN
ftr-323	1054	48	or	or	CCONJ
ftr-323	1054	49	in	in	ADP
ftr-323	1054	50	lowtaxia	lowtaxia	NOUN
ftr-323	1054	51	,	,	PUNCT
ftr-323	1054	52	a	a	DET
ftr-323	1054	53	tax	tax	NOUN
ftr-323	1054	54	haven	haven	NOUN
ftr-323	1054	55	that	that	PRON
ftr-323	1054	56	has	have	VERB
ftr-323	1054	57	no	no	DET
ftr-323	1054	58	business	business	NOUN
ftr-323	1054	59	profits	profit	NOUN
ftr-323	1054	60	tax	tax	NOUN
ftr-323	1054	61	,	,	PUNCT
ftr-323	1054	62	no	no	DET
ftr-323	1054	63	withholding	withholding	NOUN
ftr-323	1054	64	tax	tax	NOUN
ftr-323	1054	65	,	,	PUNCT
ftr-323	1054	66	and	and	CCONJ
ftr-323	1054	67	no	no	DET
ftr-323	1054	68	branch	branch	NOUN
ftr-323	1054	69	profits	profit	VERB
ftr-323	1054	70	tax	tax	NOUN
ftr-323	1054	71	.	.	PUNCT
ftr-323	1055	1	also	also	ADV
ftr-323	1055	2	,	,	PUNCT
ftr-323	1055	3	assume	assume	VERB
ftr-323	1055	4	that	that	SCONJ
ftr-323	1055	5	the	the	DET
ftr-323	1055	6	effective	effective	ADJ
ftr-323	1055	7	rate	rate	NOUN
ftr-323	1055	8	of	of	ADP
ftr-323	1055	9	u.s	u.s	PROPN
ftr-323	1055	10	.	.	PROPN
ftr-323	1055	11	federal	federal	ADJ
ftr-323	1055	12	income	income	NOUN
ftr-323	1055	13	tax	tax	NOUN
ftr-323	1055	14	on	on	ADP
ftr-323	1055	15	the	the	DET
ftr-323	1055	16	profits	profit	NOUN
ftr-323	1055	17	of	of	ADP
ftr-323	1055	18	a	a	DET
ftr-323	1055	19	lowtaxia	lowtaxia	ADJ
ftr-323	1055	20	factory	factory	NOUN
ftr-323	1055	21	operated	operate	VERB
ftr-323	1055	22	through	through	ADP
ftr-323	1055	23	subco	subco	PROPN
ftr-323	1055	24	,	,	PUNCT
ftr-323	1055	25	usco	usco	PROPN
ftr-323	1055	26	’s	’s	PART
ftr-323	1055	27	lowtaxia	lowtaxia	PROPN
ftr-323	1055	28	cfc	cfc	PROPN
ftr-323	1055	29	,	,	PUNCT
ftr-323	1055	30	will	will	AUX
ftr-323	1055	31	be	be	AUX
ftr-323	1055	32	only	only	ADV
ftr-323	1055	33	5	5	NUM
ftr-323	1055	34	percent	percent	NOUN
ftr-323	1055	35	because	because	SCONJ
ftr-323	1055	36	subco	subco	PROPN
ftr-323	1055	37	will	will	AUX
ftr-323	1055	38	not	not	PART
ftr-323	1055	39	pay	pay	VERB
ftr-323	1055	40	dividends	dividend	NOUN
ftr-323	1055	41	for	for	ADP
ftr-323	1055	42	many	many	ADJ
ftr-323	1055	43	years	year	NOUN
ftr-323	1055	44	,	,	PUNCT
ftr-323	1055	45	and	and	CCONJ
ftr-323	1055	46	,	,	PUNCT
ftr-323	1055	47	under	under	ADP
ftr-323	1055	48	current	current	ADJ
ftr-323	1055	49	federal	federal	ADJ
ftr-323	1055	50	income	income	NOUN
ftr-323	1055	51	tax	tax	NOUN
ftr-323	1055	52	law	law	NOUN
ftr-323	1055	53	,	,	PUNCT
ftr-323	1055	54	there	there	PRON
ftr-323	1055	55	will	will	AUX
ftr-323	1055	56	be	be	AUX
ftr-323	1055	57	no	no	DET
ftr-323	1055	58	u.s	u.s	PROPN
ftr-323	1055	59	.	.	PROPN
ftr-323	1055	60	tax	tax	NOUN
ftr-323	1055	61	on	on	ADP
ftr-323	1055	62	subco	subco	PROPN
ftr-323	1055	63	’s	’s	PART
ftr-323	1055	64	profits	profit	NOUN
ftr-323	1055	65	until	until	SCONJ
ftr-323	1055	66	dividend	dividend	NOUN
ftr-323	1055	67	payments	payment	NOUN
ftr-323	1055	68	are	be	AUX
ftr-323	1055	69	made	make	VERB
ftr-323	1055	70	or	or	CCONJ
ftr-323	1055	71	usco	usco	NOUN
ftr-323	1055	72	sells	sell	VERB
ftr-323	1055	73	subco	subco	PROPN
ftr-323	1055	74	stock	stock	NOUN
ftr-323	1055	75	.	.	PUNCT
ftr-323	1056	1	(	(	PUNCT
ftr-323	1056	2	the	the	DET
ftr-323	1056	3	lowtaxia	lowtaxia	ADJ
ftr-323	1056	4	tax	tax	NOUN
ftr-323	1056	5	rate	rate	NOUN
ftr-323	1056	6	will	will	AUX
ftr-323	1056	7	,	,	PUNCT
ftr-323	1056	8	of	of	ADP
ftr-323	1056	9	course	course	NOUN
ftr-323	1056	10	,	,	PUNCT
ftr-323	1056	11	be	be	AUX
ftr-323	1056	12	zero	zero	NUM
ftr-323	1056	13	.	.	PUNCT
ftr-323	1056	14	)	)	PUNCT
ftr-323	1057	1	clearly	clearly	ADV
ftr-323	1057	2	,	,	PUNCT
ftr-323	1057	3	the	the	DET
ftr-323	1057	4	u.s	u.s	PROPN
ftr-323	1057	5	.	.	PROPN
ftr-323	1057	6	system	system	NOUN
ftr-323	1057	7	biases	bias	NOUN
ftr-323	1057	8	usco	usco	PROPN
ftr-323	1057	9	in	in	ADP
ftr-323	1057	10	favor	favor	NOUN
ftr-323	1057	11	of	of	ADP
ftr-323	1057	12	locating	locate	VERB
ftr-323	1057	13	the	the	DET
ftr-323	1057	14	new	new	ADJ
ftr-323	1057	15	facility	facility	NOUN
ftr-323	1057	16	in	in	ADP
ftr-323	1057	17	lowtaxia	lowtaxia	PROPN
ftr-323	1057	18	.	.	PUNCT
ftr-323	1058	1	now	now	ADV
ftr-323	1058	2	assume	assume	VERB
ftr-323	1058	3	that	that	SCONJ
ftr-323	1058	4	usco	usco	PROPN
ftr-323	1058	5	expects	expect	VERB
ftr-323	1058	6	the	the	DET
ftr-323	1058	7	new	new	ADJ
ftr-323	1058	8	factory	factory	NOUN
ftr-323	1058	9	to	to	PART
ftr-323	1058	10	produce	produce	VERB
ftr-323	1058	11	losses	loss	NOUN
ftr-323	1058	12	during	during	ADP
ftr-323	1058	13	a	a	DET
ftr-323	1058	14	multi	multi	ADJ
ftr-323	1058	15	-	-	ADJ
ftr-323	1058	16	year	year	ADJ
ftr-323	1058	17	start	start	VERB
ftr-323	1058	18	-	-	PUNCT
ftr-323	1058	19	up	up	NOUN
ftr-323	1058	20	period	period	NOUN
ftr-323	1058	21	regardless	regardless	ADV
ftr-323	1058	22	of	of	ADP
ftr-323	1058	23	where	where	SCONJ
ftr-323	1058	24	it	it	PRON
ftr-323	1058	25	is	be	AUX
ftr-323	1058	26	located	locate	VERB
ftr-323	1058	27	.	.	PUNCT
ftr-323	1059	1	if	if	SCONJ
ftr-323	1059	2	usco	usco	PROPN
ftr-323	1059	3	builds	build	VERB
ftr-323	1059	4	the	the	DET
ftr-323	1059	5	factory	factory	NOUN
ftr-323	1059	6	in	in	ADP
ftr-323	1059	7	lowtaxia	lowtaxia	NOUN
ftr-323	1059	8	,	,	PUNCT
ftr-323	1059	9	operates	operate	VERB
ftr-323	1059	10	the	the	DET
ftr-323	1059	11	factory	factory	NOUN
ftr-323	1059	12	as	as	ADP
ftr-323	1059	13	an	an	DET
ftr-323	1059	14	unincorporated	unincorporated	ADJ
ftr-323	1059	15	branch	branch	NOUN
ftr-323	1059	16	during	during	ADP
ftr-323	1059	17	the	the	DET
ftr-323	1059	18	start	start	VERB
ftr-323	1059	19	-	-	PUNCT
ftr-323	1059	20	up	up	ADP
ftr-323	1059	21	period	period	NOUN
ftr-323	1059	22	,	,	PUNCT
ftr-323	1059	23	and	and	CCONJ
ftr-323	1059	24	is	be	AUX
ftr-323	1059	25	allowed	allow	VERB
ftr-323	1059	26	to	to	PART
ftr-323	1059	27	deduct	deduct	VERB
ftr-323	1059	28	the	the	DET
ftr-323	1059	29	initial	initial	ADJ
ftr-323	1059	30	losses	loss	NOUN
ftr-323	1059	31	against	against	ADP
ftr-323	1059	32	u.s.-source	u.s.-source	ADJ
ftr-323	1059	33	income	income	NOUN
ftr-323	1059	34	,	,	PUNCT
ftr-323	1059	35	thirty	thirty	NUM
ftr-323	1059	36	-	-	PUNCT
ftr-323	1059	37	five	five	NUM
ftr-323	1059	38	cents	cent	NOUN
ftr-323	1059	39	of	of	ADP
ftr-323	1059	40	u.s	u.s	PROPN
ftr-323	1059	41	.	.	PROPN
ftr-323	1059	42	tax	tax	NOUN
ftr-323	1059	43	saving	saving	NOUN
ftr-323	1059	44	on	on	ADP
ftr-323	1059	45	u.s.-source	u.s.-source	ADJ
ftr-323	1059	46	income	income	NOUN
ftr-323	1059	47	will	will	AUX
ftr-323	1059	48	result	result	VERB
ftr-323	1059	49	from	from	ADP
ftr-323	1059	50	each	each	DET
ftr-323	1059	51	dollar	dollar	NOUN
ftr-323	1059	52	of	of	ADP
ftr-323	1059	53	branch	branch	NOUN
ftr-323	1059	54	loss	loss	NOUN
ftr-323	1059	55	even	even	ADV
ftr-323	1059	56	though	though	SCONJ
ftr-323	1059	57	the	the	DET
ftr-323	1059	58	lowtaxia	lowtaxia	ADJ
ftr-323	1059	59	branch	branch	NOUN
ftr-323	1059	60	generates	generate	VERB
ftr-323	1059	61	no	no	DET
ftr-323	1059	62	u.s.-source	u.s.-source	ADJ
ftr-323	1059	63	income	income	NOUN
ftr-323	1059	64	.	.	PUNCT
ftr-323	1060	1	this	this	DET
ftr-323	1060	2	outcome	outcome	NOUN
ftr-323	1060	3	is	be	AUX
ftr-323	1060	4	effectively	effectively	ADV
ftr-323	1060	5	a	a	DET
ftr-323	1060	6	negative	negative	ADJ
ftr-323	1060	7	u.s	u.s	PROPN
ftr-323	1060	8	.	.	PROPN
ftr-323	1060	9	tax	tax	NOUN
ftr-323	1060	10	on	on	ADP
ftr-323	1060	11	the	the	DET
ftr-323	1060	12	lowtaxia	lowtaxia	ADJ
ftr-323	1060	13	branch	branch	NOUN
ftr-323	1060	14	during	during	ADP
ftr-323	1060	15	the	the	DET
ftr-323	1060	16	start	start	VERB
ftr-323	1060	17	-	-	PUNCT
ftr-323	1060	18	up	up	ADP
ftr-323	1060	19	years	year	NOUN
ftr-323	1060	20	that	that	PRON
ftr-323	1060	21	will	will	AUX
ftr-323	1060	22	magnify	magnify	VERB
ftr-323	1060	23	the	the	DET
ftr-323	1060	24	incentive	incentive	NOUN
ftr-323	1060	25	for	for	ADP
ftr-323	1060	26	usco	usco	NOUN
ftr-323	1060	27	to	to	PART
ftr-323	1060	28	locate	locate	VERB
ftr-323	1060	29	the	the	DET
ftr-323	1060	30	new	new	ADJ
ftr-323	1060	31	factory	factory	NOUN
ftr-323	1060	32	in	in	ADP
ftr-323	1060	33	lowtaxia	lowtaxia	PROPN
ftr-323	1060	34	initially	initially	ADV
ftr-323	1060	35	as	as	ADP
ftr-323	1060	36	a	a	DET
ftr-323	1060	37	branch	branch	NOUN
ftr-323	1060	38	operation184	operation184	PROPN
ftr-323	1060	39	that	that	PRON
ftr-323	1060	40	will	will	AUX
ftr-323	1060	41	later	later	ADV
ftr-323	1060	42	be	be	AUX
ftr-323	1060	43	transferred	transfer	VERB
ftr-323	1060	44	to	to	PART
ftr-323	1060	45	subco	subco	VERB
ftr-323	1060	46	to	to	PART
ftr-323	1060	47	gain	gain	VERB
ftr-323	1060	48	the	the	DET
ftr-323	1060	49	benefit	benefit	NOUN
ftr-323	1060	50	of	of	ADP
ftr-323	1060	51	deferral	deferral	NOUN
ftr-323	1060	52	when	when	SCONJ
ftr-323	1060	53	the	the	DET
ftr-323	1060	54	factory	factory	NOUN
ftr-323	1060	55	becomes	become	VERB
ftr-323	1060	56	profitable	profitable	ADJ
ftr-323	1060	57	.	.	PUNCT
ftr-323	1061	1	congress	congress	PROPN
ftr-323	1061	2	responded	respond	VERB
ftr-323	1061	3	to	to	ADP
ftr-323	1061	4	this	this	DET
ftr-323	1061	5	problem	problem	NOUN
ftr-323	1061	6	by	by	ADP
ftr-323	1061	7	providing	provide	VERB
ftr-323	1061	8	that	that	SCONJ
ftr-323	1061	9	a	a	DET
ftr-323	1061	10	taxpayer	taxpayer	NOUN
ftr-323	1061	11	can	can	AUX
ftr-323	1061	12	deduct	deduct	VERB
ftr-323	1061	13	foreign	foreign	ADJ
ftr-323	1061	14	-	-	PUNCT
ftr-323	1061	15	source	source	NOUN
ftr-323	1061	16	branch	branch	NOUN
ftr-323	1061	17	losses	loss	NOUN
ftr-323	1061	18	against	against	ADP
ftr-323	1061	19	u.s.-source	u.s.-source	ADJ
ftr-323	1061	20	income	income	NOUN
ftr-323	1061	21	only	only	ADV
ftr-323	1061	22	to	to	ADP
ftr-323	1061	23	the	the	DET
ftr-323	1061	24	extent	extent	NOUN
ftr-323	1061	25	that	that	SCONJ
ftr-323	1061	26	the	the	DET
ftr-323	1061	27	losses	loss	NOUN
ftr-323	1061	28	exceed	exceed	VERB
ftr-323	1061	29	the	the	DET
ftr-323	1061	30	taxpayer	taxpayer	NOUN
ftr-323	1061	31	’s	’s	PART
ftr-323	1061	32	positive	positive	ADJ
ftr-323	1061	33	foreign	foreign	ADJ
ftr-323	1061	34	-	-	PUNCT
ftr-323	1061	35	source	source	NOUN
ftr-323	1061	36	income	income	NOUN
ftr-323	1061	37	,	,	PUNCT
ftr-323	1061	38	if	if	SCONJ
ftr-323	1061	39	any	any	PRON
ftr-323	1061	40	,	,	PUNCT
ftr-323	1061	41	from	from	ADP
ftr-323	1061	42	other	other	ADJ
ftr-323	1061	43	operations.185	operations.185	NOUN
ftr-323	1061	44	if	if	SCONJ
ftr-323	1061	45	,	,	PUNCT
ftr-323	1061	46	however	however	ADV
ftr-323	1061	47	,	,	PUNCT
ftr-323	1061	48	a	a	DET
ftr-323	1061	49	taxpayer	taxpayer	NOUN
ftr-323	1061	50	has	have	VERB
ftr-323	1061	51	an	an	DET
ftr-323	1061	52	overall	overall	ADJ
ftr-323	1061	53	foreign	foreign	ADJ
ftr-323	1061	54	184	184	NUM
ftr-323	1061	55	.	.	PUNCT
ftr-323	1062	1	see	see	VERB
ftr-323	1062	2	generally	generally	ADV
ftr-323	1062	3	staff	staff	NOUN
ftr-323	1062	4	of	of	ADP
ftr-323	1062	5	joint	joint	ADJ
ftr-323	1062	6	comm	comm	NOUN
ftr-323	1062	7	.	.	PUNCT
ftr-323	1063	1	,	,	PUNCT
ftr-323	1063	2	analysis	analysis	NOUN
ftr-323	1063	3	of	of	ADP
ftr-323	1063	4	alternative	alternative	ADJ
ftr-323	1063	5	policies	policy	NOUN
ftr-323	1063	6	,	,	PUNCT
ftr-323	1063	7	supra	supra	PROPN
ftr-323	1063	8	note	note	NOUN
ftr-323	1063	9	50	50	NUM
ftr-323	1063	10	,	,	PUNCT
ftr-323	1063	11	at	at	ADP
ftr-323	1063	12	60	60	NUM
ftr-323	1063	13	.	.	PUNCT
ftr-323	1063	14	185	185	NUM
ftr-323	1063	15	.	.	PUNCT
ftr-323	1064	1	see	see	VERB
ftr-323	1064	2	i.r.c	i.r.c	NOUN
ftr-323	1064	3	.	.	PUNCT
ftr-323	1065	1	§	§	PROPN
ftr-323	1065	2	904(f)(5	904(f)(5	PROPN
ftr-323	1065	3	)	)	PUNCT
ftr-323	1065	4	;	;	PUNCT
ftr-323	1066	1	gustafson	gustafson	PROPN
ftr-323	1066	2	,	,	PUNCT
ftr-323	1066	3	peroni	peroni	PROPN
ftr-323	1066	4	&	&	CCONJ
ftr-323	1066	5	pugh	pugh	PROPN
ftr-323	1066	6	,	,	PUNCT
ftr-323	1066	7	taxation	taxation	NOUN
ftr-323	1066	8	of	of	ADP
ftr-323	1066	9	international	international	ADJ
ftr-323	1066	10	transactions	transaction	NOUN
ftr-323	1066	11	,	,	PUNCT
ftr-323	1066	12	supra	supra	PROPN
ftr-323	1066	13	note	note	NOUN
ftr-323	1066	14	10	10	NUM
ftr-323	1066	15	,	,	PUNCT
ftr-323	1066	16	at	at	ADP
ftr-323	1066	17	679–80	679–80	PROPN
ftr-323	1066	18	.	.	PUNCT
ftr-323	1067	1	454	454	NUM
ftr-323	1067	2	florida	florida	PROPN
ftr-323	1067	3	tax	tax	NOUN
ftr-323	1067	4	review	review	NOUN
ftr-323	1067	5	[	[	X
ftr-323	1067	6	vol	vol	NOUN
ftr-323	1067	7	.	.	PUNCT
ftr-323	1068	1	13:8	13:8	NUM
ftr-323	1068	2	source	source	NOUN
ftr-323	1068	3	loss	loss	NOUN
ftr-323	1068	4	,	,	PUNCT
ftr-323	1068	5	the	the	DET
ftr-323	1068	6	overall	overall	ADJ
ftr-323	1068	7	loss	loss	NOUN
ftr-323	1068	8	is	be	AUX
ftr-323	1068	9	deductible	deductible	ADJ
ftr-323	1068	10	against	against	ADP
ftr-323	1068	11	u.s.-source	u.s.-source	ADJ
ftr-323	1068	12	income	income	NOUN
ftr-323	1068	13	,	,	PUNCT
ftr-323	1068	14	thus	thus	ADV
ftr-323	1068	15	producing	produce	VERB
ftr-323	1068	16	the	the	DET
ftr-323	1068	17	incentive	incentive	NOUN
ftr-323	1068	18	enhancement	enhancement	NOUN
ftr-323	1068	19	illustrated	illustrate	VERB
ftr-323	1068	20	in	in	ADP
ftr-323	1068	21	example	example	NOUN
ftr-323	1068	22	4.186	4.186	NUM
ftr-323	1068	23	this	this	PRON
ftr-323	1068	24	is	be	AUX
ftr-323	1068	25	highly	highly	ADV
ftr-323	1068	26	significant	significant	ADJ
ftr-323	1068	27	.	.	PUNCT
ftr-323	1069	1	under	under	ADP
ftr-323	1069	2	the	the	DET
ftr-323	1069	3	u.s	u.s	PROPN
ftr-323	1069	4	.	.	PROPN
ftr-323	1069	5	income	income	PROPN
ftr-323	1069	6	tax	tax	NOUN
ftr-323	1069	7	regime	regime	NOUN
ftr-323	1069	8	,	,	PUNCT
ftr-323	1069	9	deductible	deductible	ADJ
ftr-323	1069	10	losses	loss	NOUN
ftr-323	1069	11	of	of	ADP
ftr-323	1069	12	a	a	DET
ftr-323	1069	13	foreign	foreign	ADJ
ftr-323	1069	14	branch	branch	NOUN
ftr-323	1069	15	are	be	AUX
ftr-323	1069	16	immediately	immediately	ADV
ftr-323	1069	17	taken	take	VERB
ftr-323	1069	18	into	into	ADP
ftr-323	1069	19	account	account	NOUN
ftr-323	1069	20	on	on	ADP
ftr-323	1069	21	the	the	DET
ftr-323	1069	22	owner	owner	NOUN
ftr-323	1069	23	’s	’s	PART
ftr-323	1069	24	u.s	u.s	PROPN
ftr-323	1069	25	.	.	PROPN
ftr-323	1069	26	income	income	NOUN
ftr-323	1069	27	tax	tax	NOUN
ftr-323	1069	28	return	return	NOUN
ftr-323	1069	29	whereas	whereas	SCONJ
ftr-323	1069	30	profits	profit	NOUN
ftr-323	1069	31	earned	earn	VERB
ftr-323	1069	32	by	by	ADP
ftr-323	1069	33	a	a	DET
ftr-323	1069	34	cfc	cfc	NOUN
ftr-323	1069	35	are	be	AUX
ftr-323	1069	36	generally	generally	ADV
ftr-323	1069	37	not	not	PART
ftr-323	1069	38	subject	subject	ADJ
ftr-323	1069	39	to	to	ADP
ftr-323	1069	40	u.s	u.s	PROPN
ftr-323	1069	41	.	.	PROPN
ftr-323	1069	42	tax	tax	NOUN
ftr-323	1069	43	until	until	SCONJ
ftr-323	1069	44	paid	pay	VERB
ftr-323	1069	45	out	out	ADP
ftr-323	1069	46	as	as	ADP
ftr-323	1069	47	dividends	dividend	NOUN
ftr-323	1069	48	or	or	CCONJ
ftr-323	1069	49	until	until	SCONJ
ftr-323	1069	50	a	a	DET
ftr-323	1069	51	stock	stock	NOUN
ftr-323	1069	52	sale	sale	NOUN
ftr-323	1069	53	occurs	occur	VERB
ftr-323	1069	54	.	.	PUNCT
ftr-323	1070	1	thus	thus	ADV
ftr-323	1070	2	,	,	PUNCT
ftr-323	1070	3	overall	overall	ADJ
ftr-323	1070	4	foreign	foreign	ADJ
ftr-323	1070	5	-	-	PUNCT
ftr-323	1070	6	source	source	NOUN
ftr-323	1070	7	branch	branch	NOUN
ftr-323	1070	8	losses	loss	NOUN
ftr-323	1070	9	are	be	AUX
ftr-323	1070	10	quite	quite	ADV
ftr-323	1070	11	likely	likely	ADJ
ftr-323	1070	12	to	to	PART
ftr-323	1070	13	occur	occur	VERB
ftr-323	1070	14	because	because	SCONJ
ftr-323	1070	15	the	the	DET
ftr-323	1070	16	preceding	precede	VERB
ftr-323	1070	17	factors	factor	NOUN
ftr-323	1070	18	will	will	AUX
ftr-323	1070	19	cause	cause	VERB
ftr-323	1070	20	u.s	u.s	PROPN
ftr-323	1070	21	.	.	PROPN
ftr-323	1070	22	taxpayers	taxpayer	NOUN
ftr-323	1070	23	to	to	ADP
ftr-323	1070	24	(	(	PUNCT
ftr-323	1070	25	1	1	NUM
ftr-323	1070	26	)	)	PUNCT
ftr-323	1070	27	bunch	bunch	NOUN
ftr-323	1070	28	loss	loss	NOUN
ftr-323	1070	29	activities	activity	NOUN
ftr-323	1070	30	in	in	ADP
ftr-323	1070	31	foreign	foreign	ADJ
ftr-323	1070	32	branches	branch	NOUN
ftr-323	1070	33	,	,	PUNCT
ftr-323	1070	34	so	so	SCONJ
ftr-323	1070	35	the	the	DET
ftr-323	1070	36	losses	loss	NOUN
ftr-323	1070	37	will	will	AUX
ftr-323	1070	38	be	be	AUX
ftr-323	1070	39	immediately	immediately	ADV
ftr-323	1070	40	available	available	ADJ
ftr-323	1070	41	to	to	ADP
ftr-323	1070	42	the	the	DET
ftr-323	1070	43	u.s	u.s	PROPN
ftr-323	1070	44	.	.	PROPN
ftr-323	1070	45	owner	owner	NOUN
ftr-323	1070	46	and	and	CCONJ
ftr-323	1070	47	(	(	PUNCT
ftr-323	1070	48	2	2	X
ftr-323	1070	49	)	)	PUNCT
ftr-323	1070	50	move	move	VERB
ftr-323	1070	51	the	the	DET
ftr-323	1070	52	activities	activity	NOUN
ftr-323	1070	53	to	to	AUX
ftr-323	1070	54	cfcs	cfc	VERB
ftr-323	1070	55	when	when	SCONJ
ftr-323	1070	56	they	they	PRON
ftr-323	1070	57	become	become	VERB
ftr-323	1070	58	profitable	profitable	ADJ
ftr-323	1070	59	in	in	ADP
ftr-323	1070	60	order	order	NOUN
ftr-323	1070	61	to	to	PART
ftr-323	1070	62	defer	defer	VERB
ftr-323	1070	63	u.s	u.s	PROPN
ftr-323	1070	64	.	.	PROPN
ftr-323	1070	65	tax	tax	NOUN
ftr-323	1070	66	on	on	ADP
ftr-323	1070	67	the	the	DET
ftr-323	1070	68	foreign	foreign	ADJ
ftr-323	1070	69	-	-	PUNCT
ftr-323	1070	70	source	source	NOUN
ftr-323	1070	71	income	income	NOUN
ftr-323	1070	72	.	.	PUNCT
ftr-323	1071	1	the	the	DET
ftr-323	1071	2	u.s	u.s	PROPN
ftr-323	1071	3	.	.	PROPN
ftr-323	1071	4	tax	tax	NOUN
ftr-323	1071	5	system	system	NOUN
ftr-323	1071	6	weakly	weakly	ADJ
ftr-323	1071	7	addresses	address	VERB
ftr-323	1071	8	this	this	DET
ftr-323	1071	9	strategy	strategy	NOUN
ftr-323	1071	10	with	with	ADP
ftr-323	1071	11	the	the	DET
ftr-323	1071	12	socalled	socalled	ADJ
ftr-323	1071	13	“	"	PUNCT
ftr-323	1071	14	branch	branch	NOUN
ftr-323	1071	15	loss	loss	NOUN
ftr-323	1071	16	recapture	recapture	NOUN
ftr-323	1071	17	rules	rule	NOUN
ftr-323	1071	18	,	,	PUNCT
ftr-323	1071	19	”	"	PUNCT
ftr-323	1071	20	which	which	PRON
ftr-323	1071	21	require	require	VERB
ftr-323	1071	22	that	that	SCONJ
ftr-323	1071	23	a	a	DET
ftr-323	1071	24	foreign	foreign	ADJ
ftr-323	1071	25	branch	branch	NOUN
ftr-323	1071	26	’s	’s	PART
ftr-323	1071	27	prior	prior	ADJ
ftr-323	1071	28	losses	loss	NOUN
ftr-323	1071	29	must	must	AUX
ftr-323	1071	30	be	be	AUX
ftr-323	1071	31	added	add	VERB
ftr-323	1071	32	to	to	ADP
ftr-323	1071	33	the	the	DET
ftr-323	1071	34	u.s	u.s	PROPN
ftr-323	1071	35	.	.	PROPN
ftr-323	1071	36	owner	owner	PROPN
ftr-323	1071	37	’s	’s	PART
ftr-323	1071	38	income	income	NOUN
ftr-323	1071	39	when	when	SCONJ
ftr-323	1071	40	the	the	DET
ftr-323	1071	41	branch	branch	NOUN
ftr-323	1071	42	’s	’s	PART
ftr-323	1071	43	assets	asset	NOUN
ftr-323	1071	44	are	be	AUX
ftr-323	1071	45	transferred	transfer	VERB
ftr-323	1071	46	to	to	ADP
ftr-323	1071	47	a	a	DET
ftr-323	1071	48	cfc.187	cfc.187	NOUN
ftr-323	1071	49	however	however	ADV
ftr-323	1071	50	,	,	PUNCT
ftr-323	1071	51	because	because	SCONJ
ftr-323	1071	52	the	the	DET
ftr-323	1071	53	resulting	result	VERB
ftr-323	1071	54	tax	tax	NOUN
ftr-323	1071	55	increase	increase	NOUN
ftr-323	1071	56	occurs	occur	VERB
ftr-323	1071	57	in	in	ADP
ftr-323	1071	58	a	a	DET
ftr-323	1071	59	year	year	NOUN
ftr-323	1071	60	subsequent	subsequent	ADJ
ftr-323	1071	61	to	to	ADP
ftr-323	1071	62	the	the	DET
ftr-323	1071	63	years	year	NOUN
ftr-323	1071	64	when	when	SCONJ
ftr-323	1071	65	tax	tax	NOUN
ftr-323	1071	66	savings	saving	NOUN
ftr-323	1071	67	were	be	AUX
ftr-323	1071	68	realized	realize	VERB
ftr-323	1071	69	from	from	ADP
ftr-323	1071	70	the	the	DET
ftr-323	1071	71	branch	branch	NOUN
ftr-323	1071	72	loss	loss	NOUN
ftr-323	1071	73	deductions	deduction	NOUN
ftr-323	1071	74	,	,	PUNCT
ftr-323	1071	75	the	the	DET
ftr-323	1071	76	time	time	NOUN
ftr-323	1071	77	value	value	NOUN
ftr-323	1071	78	of	of	ADP
ftr-323	1071	79	money	money	NOUN
ftr-323	1071	80	concept188	concept188	PROPN
ftr-323	1071	81	establishes	establish	VERB
ftr-323	1071	82	that	that	SCONJ
ftr-323	1071	83	the	the	DET
ftr-323	1071	84	strategy	strategy	NOUN
ftr-323	1071	85	of	of	ADP
ftr-323	1071	86	operating	operate	VERB
ftr-323	1071	87	through	through	ADP
ftr-323	1071	88	a	a	DET
ftr-323	1071	89	foreign	foreign	ADJ
ftr-323	1071	90	branch	branch	NOUN
ftr-323	1071	91	during	during	ADP
ftr-323	1071	92	the	the	DET
ftr-323	1071	93	start	start	VERB
ftr-323	1071	94	-	-	PUNCT
ftr-323	1071	95	up	up	ADP
ftr-323	1071	96	loss	loss	NOUN
ftr-323	1071	97	period	period	NOUN
ftr-323	1071	98	and	and	CCONJ
ftr-323	1071	99	then	then	ADV
ftr-323	1071	100	switching	switch	VERB
ftr-323	1071	101	to	to	ADP
ftr-323	1071	102	a	a	DET
ftr-323	1071	103	cfc	cfc	NOUN
ftr-323	1071	104	operation	operation	NOUN
ftr-323	1071	105	when	when	SCONJ
ftr-323	1071	106	profits	profit	NOUN
ftr-323	1071	107	begin	begin	VERB
ftr-323	1071	108	to	to	PART
ftr-323	1071	109	flow	flow	VERB
ftr-323	1071	110	remains	remain	VERB
ftr-323	1071	111	an	an	DET
ftr-323	1071	112	attractive	attractive	ADJ
ftr-323	1071	113	move	move	NOUN
ftr-323	1071	114	and	and	CCONJ
ftr-323	1071	115	an	an	DET
ftr-323	1071	116	additional	additional	ADJ
ftr-323	1071	117	incentive	incentive	NOUN
ftr-323	1071	118	to	to	PART
ftr-323	1071	119	locate	locate	VERB
ftr-323	1071	120	business	business	NOUN
ftr-323	1071	121	operations	operation	NOUN
ftr-323	1071	122	in	in	ADP
ftr-323	1071	123	low	low	ADJ
ftr-323	1071	124	-	-	PUNCT
ftr-323	1071	125	tax	tax	NOUN
ftr-323	1071	126	foreign	foreign	ADJ
ftr-323	1071	127	countries	country	NOUN
ftr-323	1071	128	.	.	PUNCT
ftr-323	1072	1	the	the	DET
ftr-323	1072	2	relationship	relationship	NOUN
ftr-323	1072	3	of	of	ADP
ftr-323	1072	4	the	the	DET
ftr-323	1072	5	preceding	precede	VERB
ftr-323	1072	6	discussion	discussion	NOUN
ftr-323	1072	7	to	to	ADP
ftr-323	1072	8	a	a	DET
ftr-323	1072	9	possible	possible	ADJ
ftr-323	1072	10	u.s	u.s	PROPN
ftr-323	1072	11	.	.	PROPN
ftr-323	1072	12	exemption	exemption	NOUN
ftr-323	1072	13	system	system	NOUN
ftr-323	1072	14	lies	lie	VERB
ftr-323	1072	15	in	in	ADP
ftr-323	1072	16	the	the	DET
ftr-323	1072	17	fact	fact	NOUN
ftr-323	1072	18	that	that	SCONJ
ftr-323	1072	19	as	as	ADP
ftr-323	1072	20	a	a	DET
ftr-323	1072	21	general	general	ADJ
ftr-323	1072	22	rule	rule	NOUN
ftr-323	1072	23	,	,	PUNCT
ftr-323	1072	24	only	only	ADV
ftr-323	1072	25	domestic	domestic	ADJ
ftr-323	1072	26	business	business	NOUN
ftr-323	1072	27	losses	loss	NOUN
ftr-323	1072	28	are	be	AUX
ftr-323	1072	29	deductible	deductible	ADJ
ftr-323	1072	30	under	under	ADP
ftr-323	1072	31	an	an	DET
ftr-323	1072	32	exemption	exemption	NOUN
ftr-323	1072	33	system	system	NOUN
ftr-323	1072	34	.	.	PUNCT
ftr-323	1073	1	this	this	PRON
ftr-323	1073	2	is	be	AUX
ftr-323	1073	3	because	because	SCONJ
ftr-323	1073	4	the	the	DET
ftr-323	1073	5	tax	tax	NOUN
ftr-323	1073	6	base	base	NOUN
ftr-323	1073	7	is	be	AUX
ftr-323	1073	8	limited	limit	VERB
ftr-323	1073	9	to	to	ADP
ftr-323	1073	10	net	net	ADJ
ftr-323	1073	11	domestic	domestic	ADJ
ftr-323	1073	12	business	business	NOUN
ftr-323	1073	13	income	income	NOUN
ftr-323	1073	14	and	and	CCONJ
ftr-323	1073	15	foreign	foreign	ADJ
ftr-323	1073	16	losses	loss	NOUN
ftr-323	1073	17	are	be	AUX
ftr-323	1073	18	186	186	NUM
ftr-323	1073	19	.	.	PUNCT
ftr-323	1074	1	see	see	VERB
ftr-323	1074	2	bittker	bittker	NOUN
ftr-323	1074	3	&	&	CCONJ
ftr-323	1074	4	lokken	lokken	PROPN
ftr-323	1074	5	,	,	PUNCT
ftr-323	1074	6	taxation	taxation	NOUN
ftr-323	1074	7	of	of	ADP
ftr-323	1074	8	income	income	NOUN
ftr-323	1074	9	,	,	PUNCT
ftr-323	1074	10	estates	estate	NOUN
ftr-323	1074	11	,	,	PUNCT
ftr-323	1074	12	and	and	CCONJ
ftr-323	1074	13	gifts	gift	NOUN
ftr-323	1074	14	,	,	PUNCT
ftr-323	1074	15	supra	supra	PROPN
ftr-323	1074	16	note	note	NOUN
ftr-323	1074	17	127	127	NUM
ftr-323	1074	18	,	,	PUNCT
ftr-323	1074	19	at	at	ADP
ftr-323	1074	20	71–27	71–27	NUM
ftr-323	1074	21	to	to	ADP
ftr-323	1074	22	71–29	71–29	NUM
ftr-323	1074	23	.	.	PUNCT
ftr-323	1075	1	granted	grant	VERB
ftr-323	1075	2	,	,	PUNCT
ftr-323	1075	3	the	the	DET
ftr-323	1075	4	overall	overall	ADJ
ftr-323	1075	5	foreign	foreign	ADJ
ftr-323	1075	6	-	-	PUNCT
ftr-323	1075	7	source	source	NOUN
ftr-323	1075	8	loss	loss	NOUN
ftr-323	1075	9	is	be	AUX
ftr-323	1075	10	“	"	PUNCT
ftr-323	1075	11	recaptured	recapture	VERB
ftr-323	1075	12	”	"	PUNCT
ftr-323	1075	13	by	by	ADP
ftr-323	1075	14	recharacterizing	recharacterize	VERB
ftr-323	1075	15	an	an	DET
ftr-323	1075	16	appropriate	appropriate	ADJ
ftr-323	1075	17	amount	amount	NOUN
ftr-323	1075	18	of	of	ADP
ftr-323	1075	19	foreign	foreign	ADJ
ftr-323	1075	20	-	-	PUNCT
ftr-323	1075	21	source	source	NOUN
ftr-323	1075	22	income	income	NOUN
ftr-323	1075	23	as	as	ADP
ftr-323	1075	24	u.s.-source	u.s.-source	ADJ
ftr-323	1075	25	income	income	NOUN
ftr-323	1075	26	in	in	ADP
ftr-323	1075	27	later	later	ADJ
ftr-323	1075	28	years	year	NOUN
ftr-323	1075	29	for	for	ADP
ftr-323	1075	30	foreign	foreign	ADJ
ftr-323	1075	31	tax	tax	NOUN
ftr-323	1075	32	credit	credit	NOUN
ftr-323	1075	33	limitation	limitation	NOUN
ftr-323	1075	34	purposes	purpose	NOUN
ftr-323	1075	35	,	,	PUNCT
ftr-323	1075	36	see	see	VERB
ftr-323	1075	37	i.r.c	i.r.c	NOUN
ftr-323	1075	38	.	.	PUNCT
ftr-323	1076	1	§	§	PROPN
ftr-323	1076	2	904(f)(1	904(f)(1	PROPN
ftr-323	1076	3	)	)	PUNCT
ftr-323	1076	4	,	,	PUNCT
ftr-323	1076	5	but	but	CCONJ
ftr-323	1076	6	because	because	SCONJ
ftr-323	1076	7	of	of	ADP
ftr-323	1076	8	the	the	DET
ftr-323	1076	9	time	time	NOUN
ftr-323	1076	10	value	value	NOUN
ftr-323	1076	11	of	of	ADP
ftr-323	1076	12	money	money	NOUN
ftr-323	1076	13	,	,	PUNCT
ftr-323	1076	14	this	this	DET
ftr-323	1076	15	recharacterization	recharacterization	NOUN
ftr-323	1076	16	does	do	AUX
ftr-323	1076	17	not	not	PART
ftr-323	1076	18	eliminate	eliminate	VERB
ftr-323	1076	19	the	the	DET
ftr-323	1076	20	advantage	advantage	NOUN
ftr-323	1076	21	of	of	ADP
ftr-323	1076	22	deducting	deduct	VERB
ftr-323	1076	23	an	an	DET
ftr-323	1076	24	overall	overall	ADJ
ftr-323	1076	25	foreign	foreign	ADJ
ftr-323	1076	26	loss	loss	NOUN
ftr-323	1076	27	against	against	ADP
ftr-323	1076	28	u.s.source	u.s.source	ADJ
ftr-323	1076	29	income	income	NOUN
ftr-323	1076	30	.	.	PUNCT
ftr-323	1077	1	187	187	NUM
ftr-323	1077	2	.	.	PUNCT
ftr-323	1077	3	see	see	VERB
ftr-323	1077	4	i.r.c	i.r.c	NOUN
ftr-323	1077	5	.	.	PUNCT
ftr-323	1078	1	§	§	PROPN
ftr-323	1078	2	367(a)(3)(c	367(a)(3)(c	PROPN
ftr-323	1078	3	)	)	PUNCT
ftr-323	1078	4	;	;	PUNCT
ftr-323	1079	1	reg	reg	NOUN
ftr-323	1079	2	.	.	PUNCT
ftr-323	1080	1	§	§	PROPN
ftr-323	1080	2	1.367(a)-6	1.367(a)-6	NUM
ftr-323	1080	3	t	t	NOUN
ftr-323	1080	4	;	;	PUNCT
ftr-323	1080	5	bittker	bittker	NOUN
ftr-323	1080	6	&	&	CCONJ
ftr-323	1080	7	lokken	lokken	PROPN
ftr-323	1080	8	,	,	PUNCT
ftr-323	1080	9	taxation	taxation	NOUN
ftr-323	1080	10	of	of	ADP
ftr-323	1080	11	income	income	NOUN
ftr-323	1080	12	,	,	PUNCT
ftr-323	1080	13	estates	estate	NOUN
ftr-323	1080	14	,	,	PUNCT
ftr-323	1080	15	and	and	CCONJ
ftr-323	1080	16	gifts	gift	NOUN
ftr-323	1080	17	,	,	PUNCT
ftr-323	1080	18	supra	supra	PROPN
ftr-323	1080	19	note	note	NOUN
ftr-323	1080	20	127	127	NUM
ftr-323	1080	21	,	,	PUNCT
ftr-323	1080	22	at	at	ADP
ftr-323	1080	23	71–27	71–27	NUM
ftr-323	1080	24	to	to	ADP
ftr-323	1080	25	71–29	71–29	NUM
ftr-323	1080	26	;	;	PUNCT
ftr-323	1080	27	gustafson	gustafson	PROPN
ftr-323	1080	28	,	,	PUNCT
ftr-323	1080	29	peroni	peroni	PROPN
ftr-323	1080	30	&	&	CCONJ
ftr-323	1080	31	pugh	pugh	PROPN
ftr-323	1080	32	,	,	PUNCT
ftr-323	1080	33	taxation	taxation	NOUN
ftr-323	1080	34	of	of	ADP
ftr-323	1080	35	international	international	ADJ
ftr-323	1080	36	transactions	transaction	NOUN
ftr-323	1080	37	,	,	PUNCT
ftr-323	1080	38	supra	supra	PROPN
ftr-323	1080	39	note	note	NOUN
ftr-323	1080	40	10	10	NUM
ftr-323	1080	41	,	,	PUNCT
ftr-323	1080	42	at	at	ADP
ftr-323	1080	43	855–59	855–59	NUM
ftr-323	1080	44	;	;	PUNCT
ftr-323	1080	45	isenbergh	isenbergh	NOUN
ftr-323	1080	46	,	,	PUNCT
ftr-323	1080	47	international	international	ADJ
ftr-323	1080	48	taxation	taxation	NOUN
ftr-323	1080	49	,	,	PUNCT
ftr-323	1080	50	supra	supra	PROPN
ftr-323	1080	51	note	note	NOUN
ftr-323	1080	52	64	64	NUM
ftr-323	1080	53	,	,	PUNCT
ftr-323	1080	54	at	at	ADP
ftr-323	1080	55	¶	¶	PROPN
ftr-323	1080	56	92.10	92.10	NUM
ftr-323	1080	57	;	;	PUNCT
ftr-323	1080	58	kuntz	kuntz	PROPN
ftr-323	1080	59	&	&	CCONJ
ftr-323	1080	60	peroni	peroni	PROPN
ftr-323	1080	61	,	,	PUNCT
ftr-323	1080	62	u.s	u.s	PROPN
ftr-323	1080	63	.	.	PROPN
ftr-323	1080	64	international	international	ADJ
ftr-323	1080	65	taxation	taxation	PROPN
ftr-323	1080	66	,	,	PUNCT
ftr-323	1080	67	supra	supra	PROPN
ftr-323	1080	68	note	note	PROPN
ftr-323	1080	69	94	94	NUM
ftr-323	1080	70	,	,	PUNCT
ftr-323	1080	71	at	at	ADP
ftr-323	1080	72	¶	¶	PROPN
ftr-323	1080	73	b2.04[4][g][ix	b2.04[4][g][ix	PROPN
ftr-323	1080	74	]	]	PUNCT
ftr-323	1080	75	;	;	PUNCT
ftr-323	1080	76	see	see	VERB
ftr-323	1080	77	also	also	ADV
ftr-323	1080	78	fleming	fleme	VERB
ftr-323	1080	79	,	,	PUNCT
ftr-323	1080	80	peroni	peroni	PROPN
ftr-323	1080	81	&	&	CCONJ
ftr-323	1080	82	shay	shay	PROPN
ftr-323	1080	83	,	,	PUNCT
ftr-323	1080	84	worse	bad	ADJ
ftr-323	1080	85	than	than	ADP
ftr-323	1080	86	exemption	exemption	NOUN
ftr-323	1080	87	,	,	PUNCT
ftr-323	1080	88	supra	supra	PROPN
ftr-323	1080	89	note	note	NOUN
ftr-323	1080	90	4	4	NUM
ftr-323	1080	91	,	,	PUNCT
ftr-323	1080	92	at	at	ADP
ftr-323	1080	93	148	148	NUM
ftr-323	1080	94	.	.	PUNCT
ftr-323	1080	95	188	188	NUM
ftr-323	1080	96	.	.	PUNCT
ftr-323	1081	1	see	see	VERB
ftr-323	1081	2	generally	generally	ADV
ftr-323	1081	3	joseph	joseph	PROPN
ftr-323	1081	4	m.	m.	PROPN
ftr-323	1081	5	dodge	dodge	PROPN
ftr-323	1081	6	,	,	PUNCT
ftr-323	1081	7	j.	j.	PROPN
ftr-323	1081	8	clifton	clifton	PROPN
ftr-323	1081	9	fleming	fleming	PROPN
ftr-323	1081	10	,	,	PUNCT
ftr-323	1081	11	jr	jr	PROPN
ftr-323	1081	12	.	.	PROPN
ftr-323	1081	13	&	&	CCONJ
ftr-323	1081	14	robert	robert	PROPN
ftr-323	1081	15	j.	j.	PROPN
ftr-323	1081	16	peroni	peroni	PROPN
ftr-323	1081	17	,	,	PUNCT
ftr-323	1081	18	federal	federal	ADJ
ftr-323	1081	19	income	income	NOUN
ftr-323	1081	20	tax	tax	NOUN
ftr-323	1081	21	:	:	PUNCT
ftr-323	1081	22	doctrine	doctrine	NOUN
ftr-323	1081	23	,	,	PUNCT
ftr-323	1081	24	structure	structure	NOUN
ftr-323	1081	25	,	,	PUNCT
ftr-323	1081	26	and	and	CCONJ
ftr-323	1081	27	policy	policy	NOUN
ftr-323	1081	28	145–47	145–47	NUM
ftr-323	1081	29	(	(	PUNCT
ftr-323	1081	30	4th	4th	ADJ
ftr-323	1081	31	ed	ed	NOUN
ftr-323	1081	32	.	.	PROPN
ftr-323	1081	33	2012	2012	NUM
ftr-323	1081	34	)	)	PUNCT
ftr-323	1081	35	.	.	PUNCT
ftr-323	1082	1	2012	2012	NUM
ftr-323	1082	2	]	]	PUNCT
ftr-323	1082	3	exemption	exemption	NOUN
ftr-323	1082	4	when	when	SCONJ
ftr-323	1082	5	the	the	DET
ftr-323	1082	6	treasury	treasury	NOUN
ftr-323	1082	7	is	be	AUX
ftr-323	1082	8	empty	empty	ADJ
ftr-323	1082	9	455	455	NUM
ftr-323	1082	10	irrelevant	irrelevant	ADJ
ftr-323	1082	11	in	in	ADP
ftr-323	1082	12	calculating	calculate	VERB
ftr-323	1082	13	that	that	SCONJ
ftr-323	1082	14	amount.189	amount.189	ADP
ftr-323	1082	15	allowing	allow	VERB
ftr-323	1082	16	a	a	DET
ftr-323	1082	17	deduction	deduction	NOUN
ftr-323	1082	18	for	for	ADP
ftr-323	1082	19	foreign	foreign	ADJ
ftr-323	1082	20	losses	loss	NOUN
ftr-323	1082	21	against	against	ADP
ftr-323	1082	22	domestic	domestic	ADJ
ftr-323	1082	23	income	income	NOUN
ftr-323	1082	24	would	would	AUX
ftr-323	1082	25	magnify	magnify	VERB
ftr-323	1082	26	the	the	DET
ftr-323	1082	27	exemption	exemption	NOUN
ftr-323	1082	28	system	system	NOUN
ftr-323	1082	29	’s	’s	PART
ftr-323	1082	30	distortive	distortive	ADJ
ftr-323	1082	31	effect	effect	NOUN
ftr-323	1082	32	on	on	ADP
ftr-323	1082	33	the	the	DET
ftr-323	1082	34	decision	decision	NOUN
ftr-323	1082	35	whether	whether	SCONJ
ftr-323	1082	36	to	to	PART
ftr-323	1082	37	locate	locate	VERB
ftr-323	1082	38	business	business	NOUN
ftr-323	1082	39	operations	operation	NOUN
ftr-323	1082	40	in	in	ADP
ftr-323	1082	41	the	the	DET
ftr-323	1082	42	taxpayer	taxpayer	NOUN
ftr-323	1082	43	’s	’s	PART
ftr-323	1082	44	residence	residence	NOUN
ftr-323	1082	45	country	country	NOUN
ftr-323	1082	46	or	or	CCONJ
ftr-323	1082	47	in	in	ADP
ftr-323	1082	48	a	a	DET
ftr-323	1082	49	low	low	ADJ
ftr-323	1082	50	-	-	PUNCT
ftr-323	1082	51	tax	tax	NOUN
ftr-323	1082	52	foreign	foreign	ADJ
ftr-323	1082	53	country	country	NOUN
ftr-323	1082	54	.	.	PUNCT
ftr-323	1083	1	this	this	DET
ftr-323	1083	2	point	point	NOUN
ftr-323	1083	3	is	be	AUX
ftr-323	1083	4	illustrated	illustrate	VERB
ftr-323	1083	5	by	by	ADP
ftr-323	1083	6	the	the	DET
ftr-323	1083	7	following	follow	VERB
ftr-323	1083	8	example	example	NOUN
ftr-323	1083	9	:	:	PUNCT
ftr-323	1083	10	example	example	NOUN
ftr-323	1083	11	5	5	NUM
ftr-323	1083	12	forco	forco	NOUN
ftr-323	1083	13	is	be	AUX
ftr-323	1083	14	a	a	DET
ftr-323	1083	15	corporation	corporation	NOUN
ftr-323	1083	16	resident	resident	NOUN
ftr-323	1083	17	in	in	ADP
ftr-323	1083	18	foreignlandia	foreignlandia	PROPN
ftr-323	1083	19	,	,	PUNCT
ftr-323	1083	20	an	an	DET
ftr-323	1083	21	exemption	exemption	NOUN
ftr-323	1083	22	system	system	NOUN
ftr-323	1083	23	country	country	NOUN
ftr-323	1083	24	that	that	PRON
ftr-323	1083	25	uses	use	VERB
ftr-323	1083	26	the	the	DET
ftr-323	1083	27	foreignlandia	foreignlandia	ADJ
ftr-323	1083	28	dollar	dollar	NOUN
ftr-323	1083	29	as	as	ADP
ftr-323	1083	30	its	its	PRON
ftr-323	1083	31	currency	currency	NOUN
ftr-323	1083	32	.	.	PUNCT
ftr-323	1084	1	forco	forco	NOUN
ftr-323	1084	2	is	be	AUX
ftr-323	1084	3	debating	debate	VERB
ftr-323	1084	4	whether	whether	SCONJ
ftr-323	1084	5	to	to	PART
ftr-323	1084	6	build	build	VERB
ftr-323	1084	7	a	a	DET
ftr-323	1084	8	new	new	ADJ
ftr-323	1084	9	manufacturing	manufacturing	NOUN
ftr-323	1084	10	facility	facility	NOUN
ftr-323	1084	11	in	in	ADP
ftr-323	1084	12	foreignlandia	foreignlandia	PROPN
ftr-323	1084	13	or	or	CCONJ
ftr-323	1084	14	in	in	ADP
ftr-323	1084	15	lowtaxia	lowtaxia	NOUN
ftr-323	1084	16	,	,	PUNCT
ftr-323	1084	17	which	which	PRON
ftr-323	1084	18	has	have	VERB
ftr-323	1084	19	no	no	DET
ftr-323	1084	20	business	business	NOUN
ftr-323	1084	21	profits	profit	NOUN
ftr-323	1084	22	tax	tax	NOUN
ftr-323	1084	23	,	,	PUNCT
ftr-323	1084	24	no	no	DET
ftr-323	1084	25	withholding	withholding	NOUN
ftr-323	1084	26	tax	tax	NOUN
ftr-323	1084	27	,	,	PUNCT
ftr-323	1084	28	and	and	CCONJ
ftr-323	1084	29	no	no	DET
ftr-323	1084	30	branch	branch	NOUN
ftr-323	1084	31	profits	profit	VERB
ftr-323	1084	32	tax	tax	NOUN
ftr-323	1084	33	.	.	PUNCT
ftr-323	1085	1	foreignlandia	foreignlandia	PROPN
ftr-323	1085	2	imposes	impose	VERB
ftr-323	1085	3	a	a	DET
ftr-323	1085	4	tax	tax	NOUN
ftr-323	1085	5	on	on	ADP
ftr-323	1085	6	domestic	domestic	ADJ
ftr-323	1085	7	corporate	corporate	ADJ
ftr-323	1085	8	profits	profit	NOUN
ftr-323	1085	9	at	at	ADP
ftr-323	1085	10	an	an	DET
ftr-323	1085	11	effective	effective	ADJ
ftr-323	1085	12	rate	rate	NOUN
ftr-323	1085	13	of	of	ADP
ftr-323	1085	14	30	30	NUM
ftr-323	1085	15	percent	percent	NOUN
ftr-323	1085	16	.	.	PUNCT
ftr-323	1086	1	when	when	SCONJ
ftr-323	1086	2	forco	forco	NOUN
ftr-323	1086	3	considers	consider	VERB
ftr-323	1086	4	the	the	DET
ftr-323	1086	5	positive	positive	ADJ
ftr-323	1086	6	prospects	prospect	NOUN
ftr-323	1086	7	of	of	ADP
ftr-323	1086	8	its	its	PRON
ftr-323	1086	9	new	new	ADJ
ftr-323	1086	10	facility	facility	NOUN
ftr-323	1086	11	—	—	PUNCT
ftr-323	1086	12	i.e.	i.e.	X
ftr-323	1086	13	,	,	PUNCT
ftr-323	1086	14	potential	potential	ADJ
ftr-323	1086	15	profits	profit	NOUN
ftr-323	1086	16	—	—	PUNCT
ftr-323	1086	17	it	it	PRON
ftr-323	1086	18	will	will	AUX
ftr-323	1086	19	conclude	conclude	VERB
ftr-323	1086	20	that	that	PRON
ftr-323	1086	21	foreignlandia	foreignlandia	PROPN
ftr-323	1086	22	’s	’s	PART
ftr-323	1086	23	exemption	exemption	NOUN
ftr-323	1086	24	system	system	NOUN
ftr-323	1086	25	encourages	encourage	VERB
ftr-323	1086	26	location	location	NOUN
ftr-323	1086	27	of	of	ADP
ftr-323	1086	28	the	the	DET
ftr-323	1086	29	facility	facility	NOUN
ftr-323	1086	30	in	in	ADP
ftr-323	1086	31	lowtaxia	lowtaxia	PROPN
ftr-323	1086	32	to	to	PART
ftr-323	1086	33	shelter	shelter	VERB
ftr-323	1086	34	those	those	DET
ftr-323	1086	35	profits	profit	NOUN
ftr-323	1086	36	from	from	ADP
ftr-323	1086	37	the	the	DET
ftr-323	1086	38	30	30	NUM
ftr-323	1086	39	percent	percent	NOUN
ftr-323	1086	40	foreignlandia	foreignlandia	NOUN
ftr-323	1086	41	tax	tax	NOUN
ftr-323	1086	42	.	.	PUNCT
ftr-323	1087	1	when	when	SCONJ
ftr-323	1087	2	forco	forco	NOUN
ftr-323	1087	3	then	then	ADV
ftr-323	1087	4	considers	consider	VERB
ftr-323	1087	5	the	the	DET
ftr-323	1087	6	risks	risk	NOUN
ftr-323	1087	7	—	—	PUNCT
ftr-323	1087	8	loss	loss	NOUN
ftr-323	1087	9	years	year	NOUN
ftr-323	1087	10	in	in	ADP
ftr-323	1087	11	the	the	DET
ftr-323	1087	12	start	start	VERB
ftr-323	1087	13	-	-	PUNCT
ftr-323	1087	14	up	up	ADP
ftr-323	1087	15	phase	phase	NOUN
ftr-323	1087	16	—	—	PUNCT
ftr-323	1087	17	forco	forco	NOUN
ftr-323	1087	18	will	will	AUX
ftr-323	1087	19	recognize	recognize	VERB
ftr-323	1087	20	that	that	SCONJ
ftr-323	1087	21	if	if	SCONJ
ftr-323	1087	22	foreignlandia	foreignlandia	PROPN
ftr-323	1087	23	allows	allow	VERB
ftr-323	1087	24	lowtaxia	lowtaxia	ADJ
ftr-323	1087	25	losses	loss	NOUN
ftr-323	1087	26	to	to	PART
ftr-323	1087	27	be	be	AUX
ftr-323	1087	28	deducted	deduct	VERB
ftr-323	1087	29	from	from	ADP
ftr-323	1087	30	forco	forco	NOUN
ftr-323	1087	31	’s	’s	PART
ftr-323	1087	32	foreignlandia	foreignlandia	PROPN
ftr-323	1087	33	income	income	NOUN
ftr-323	1087	34	,	,	PUNCT
ftr-323	1087	35	each	each	DET
ftr-323	1087	36	dollar	dollar	NOUN
ftr-323	1087	37	of	of	ADP
ftr-323	1087	38	lowtaxia	lowtaxia	ADJ
ftr-323	1087	39	loss	loss	NOUN
ftr-323	1087	40	will	will	AUX
ftr-323	1087	41	save	save	VERB
ftr-323	1087	42	thirty	thirty	NUM
ftr-323	1087	43	cents	cent	NOUN
ftr-323	1087	44	of	of	ADP
ftr-323	1087	45	tax	tax	NOUN
ftr-323	1087	46	on	on	ADP
ftr-323	1087	47	foreignlandia	foreignlandia	PROPN
ftr-323	1087	48	domestic	domestic	ADJ
ftr-323	1087	49	income	income	NOUN
ftr-323	1087	50	even	even	ADV
ftr-323	1087	51	though	though	SCONJ
ftr-323	1087	52	the	the	DET
ftr-323	1087	53	foreignlandia	foreignlandia	PROPN
ftr-323	1087	54	income	income	NOUN
ftr-323	1087	55	is	be	AUX
ftr-323	1087	56	not	not	PART
ftr-323	1087	57	generated	generate	VERB
ftr-323	1087	58	by	by	ADP
ftr-323	1087	59	the	the	DET
ftr-323	1087	60	lowtaxia	lowtaxia	PROPN
ftr-323	1087	61	operation	operation	NOUN
ftr-323	1087	62	.	.	PUNCT
ftr-323	1088	1	thus	thus	ADV
ftr-323	1088	2	,	,	PUNCT
ftr-323	1088	3	these	these	DET
ftr-323	1088	4	tax	tax	NOUN
ftr-323	1088	5	savings	saving	NOUN
ftr-323	1088	6	would	would	AUX
ftr-323	1088	7	amount	amount	VERB
ftr-323	1088	8	to	to	ADP
ftr-323	1088	9	a	a	DET
ftr-323	1088	10	negative	negative	ADJ
ftr-323	1088	11	foreignlandia	foreignlandia	ADJ
ftr-323	1088	12	tax	tax	NOUN
ftr-323	1088	13	on	on	ADP
ftr-323	1088	14	the	the	DET
ftr-323	1088	15	lowtaxia	lowtaxia	PROPN
ftr-323	1088	16	operation	operation	NOUN
ftr-323	1088	17	during	during	ADP
ftr-323	1088	18	loss	loss	NOUN
ftr-323	1088	19	years	year	NOUN
ftr-323	1088	20	and	and	CCONJ
ftr-323	1088	21	will	will	AUX
ftr-323	1088	22	enhance	enhance	VERB
ftr-323	1088	23	the	the	DET
ftr-323	1088	24	exemption	exemption	NOUN
ftr-323	1088	25	system	system	NOUN
ftr-323	1088	26	’s	’s	PART
ftr-323	1088	27	bias	bias	NOUN
ftr-323	1088	28	in	in	ADP
ftr-323	1088	29	favor	favor	NOUN
ftr-323	1088	30	of	of	ADP
ftr-323	1088	31	forco	forco	NOUN
ftr-323	1088	32	building	build	VERB
ftr-323	1088	33	the	the	DET
ftr-323	1088	34	new	new	ADJ
ftr-323	1088	35	facility	facility	NOUN
ftr-323	1088	36	in	in	ADP
ftr-323	1088	37	lowtaxia	lowtaxia	NOUN
ftr-323	1088	38	.	.	PUNCT
ftr-323	1089	1	consequently	consequently	ADV
ftr-323	1089	2	,	,	PUNCT
ftr-323	1089	3	exemption	exemption	NOUN
ftr-323	1089	4	systems	system	NOUN
ftr-323	1089	5	typically	typically	ADV
ftr-323	1089	6	prohibit	prohibit	VERB
ftr-323	1089	7	the	the	DET
ftr-323	1089	8	deduction	deduction	NOUN
ftr-323	1089	9	of	of	ADP
ftr-323	1089	10	foreign	foreign	ADJ
ftr-323	1089	11	losses	loss	NOUN
ftr-323	1089	12	.	.	PUNCT
ftr-323	1090	1	but	but	CCONJ
ftr-323	1090	2	to	to	PART
ftr-323	1090	3	repeat	repeat	VERB
ftr-323	1090	4	a	a	DET
ftr-323	1090	5	familiar	familiar	ADJ
ftr-323	1090	6	point	point	NOUN
ftr-323	1090	7	,	,	PUNCT
ftr-323	1090	8	it	it	PRON
ftr-323	1090	9	is	be	AUX
ftr-323	1090	10	painful	painful	ADJ
ftr-323	1090	11	for	for	SCONJ
ftr-323	1090	12	the	the	DET
ftr-323	1090	13	beneficiaries	beneficiary	NOUN
ftr-323	1090	14	of	of	ADP
ftr-323	1090	15	negative	negative	ADJ
ftr-323	1090	16	taxes	taxis	NOUN
ftr-323	1090	17	to	to	PART
ftr-323	1090	18	let	let	VERB
ftr-323	1090	19	them	they	PRON
ftr-323	1090	20	go	go	VERB
ftr-323	1090	21	.	.	PUNCT
ftr-323	1091	1	thus	thus	ADV
ftr-323	1091	2	,	,	PUNCT
ftr-323	1091	3	if	if	SCONJ
ftr-323	1091	4	the	the	DET
ftr-323	1091	5	united	united	PROPN
ftr-323	1091	6	states	states	PROPN
ftr-323	1091	7	adopts	adopt	VERB
ftr-323	1091	8	an	an	DET
ftr-323	1091	9	exemption	exemption	NOUN
ftr-323	1091	10	system	system	NOUN
ftr-323	1091	11	,	,	PUNCT
ftr-323	1091	12	the	the	DET
ftr-323	1091	13	beneficiaries	beneficiary	NOUN
ftr-323	1091	14	of	of	ADP
ftr-323	1091	15	the	the	DET
ftr-323	1091	16	negative	negative	ADJ
ftr-323	1091	17	taxes	taxis	NOUN
ftr-323	1091	18	produced	produce	VERB
ftr-323	1091	19	by	by	ADP
ftr-323	1091	20	the	the	DET
ftr-323	1091	21	current	current	ADJ
ftr-323	1091	22	u.s	u.s	PROPN
ftr-323	1091	23	.	.	PROPN
ftr-323	1091	24	federal	federal	ADJ
ftr-323	1091	25	income	income	NOUN
ftr-323	1091	26	tax	tax	NOUN
ftr-323	1091	27	treatment	treatment	NOUN
ftr-323	1091	28	of	of	ADP
ftr-323	1091	29	overall	overall	ADJ
ftr-323	1091	30	foreign	foreign	ADJ
ftr-323	1091	31	losses	loss	NOUN
ftr-323	1091	32	illustrated	illustrate	VERB
ftr-323	1091	33	in	in	ADP
ftr-323	1091	34	example	example	NOUN
ftr-323	1091	35	4	4	NUM
ftr-323	1091	36	can	can	AUX
ftr-323	1091	37	be	be	AUX
ftr-323	1091	38	expected	expect	VERB
ftr-323	1091	39	to	to	PART
ftr-323	1091	40	argue	argue	VERB
ftr-323	1091	41	that	that	SCONJ
ftr-323	1091	42	the	the	DET
ftr-323	1091	43	united	united	PROPN
ftr-323	1091	44	states	states	PROPN
ftr-323	1091	45	should	should	AUX
ftr-323	1091	46	depart	depart	VERB
ftr-323	1091	47	from	from	ADP
ftr-323	1091	48	the	the	DET
ftr-323	1091	49	international	international	ADJ
ftr-323	1091	50	consensus	consensus	NOUN
ftr-323	1091	51	and	and	CCONJ
ftr-323	1091	52	allow	allow	VERB
ftr-323	1091	53	losses	loss	NOUN
ftr-323	1091	54	from	from	ADP
ftr-323	1091	55	exempt	exempt	ADJ
ftr-323	1091	56	foreign	foreign	ADJ
ftr-323	1091	57	activities	activity	NOUN
ftr-323	1091	58	to	to	PART
ftr-323	1091	59	be	be	AUX
ftr-323	1091	60	deducted	deduct	VERB
ftr-323	1091	61	against	against	ADP
ftr-323	1091	62	u.s.-source	u.s.-source	ADJ
ftr-323	1091	63	income	income	NOUN
ftr-323	1091	64	.	.	PUNCT
ftr-323	1092	1	this	this	DET
ftr-323	1092	2	argument	argument	NOUN
ftr-323	1092	3	should	should	AUX
ftr-323	1092	4	be	be	AUX
ftr-323	1092	5	rejected	reject	VERB
ftr-323	1092	6	because	because	SCONJ
ftr-323	1092	7	it	it	PRON
ftr-323	1092	8	has	have	VERB
ftr-323	1092	9	no	no	DET
ftr-323	1092	10	basis	basis	NOUN
ftr-323	1092	11	in	in	ADP
ftr-323	1092	12	international	international	ADJ
ftr-323	1092	13	law	law	NOUN
ftr-323	1092	14	and	and	CCONJ
ftr-323	1092	15	,	,	PUNCT
ftr-323	1092	16	for	for	ADP
ftr-323	1092	17	the	the	DET
ftr-323	1092	18	reasons	reason	NOUN
ftr-323	1092	19	189	189	NUM
ftr-323	1092	20	.	.	PUNCT
ftr-323	1093	1	see	see	VERB
ftr-323	1093	2	ault	ault	PROPN
ftr-323	1093	3	&	&	CCONJ
ftr-323	1093	4	arnold	arnold	PROPN
ftr-323	1093	5	,	,	PUNCT
ftr-323	1093	6	comparative	comparative	ADJ
ftr-323	1093	7	taxation	taxation	NOUN
ftr-323	1093	8	,	,	PUNCT
ftr-323	1093	9	supra	supra	PROPN
ftr-323	1093	10	note	note	NOUN
ftr-323	1093	11	50	50	NUM
ftr-323	1093	12	,	,	PUNCT
ftr-323	1093	13	at	at	ADP
ftr-323	1093	14	476–77	476–77	NOUN
ftr-323	1093	15	.	.	PUNCT
ftr-323	1094	1	456	456	NUM
ftr-323	1094	2	florida	florida	PROPN
ftr-323	1094	3	tax	tax	PROPN
ftr-323	1094	4	review	review	NOUN
ftr-323	1095	1	[	[	X
ftr-323	1095	2	vol	vol	NOUN
ftr-323	1095	3	.	.	PUNCT
ftr-323	1096	1	13:8	13:8	NUM
ftr-323	1096	2	given	give	VERB
ftr-323	1096	3	above	above	ADV
ftr-323	1096	4	,	,	PUNCT
ftr-323	1096	5	would	would	AUX
ftr-323	1096	6	magnify	magnify	VERB
ftr-323	1096	7	the	the	DET
ftr-323	1096	8	distortive	distortive	ADJ
ftr-323	1096	9	effects	effect	NOUN
ftr-323	1096	10	of	of	ADP
ftr-323	1096	11	a	a	DET
ftr-323	1096	12	u.s	u.s	PROPN
ftr-323	1096	13	.	.	PROPN
ftr-323	1096	14	exemption	exemption	NOUN
ftr-323	1096	15	system	system	NOUN
ftr-323	1096	16	.	.	PUNCT
ftr-323	1097	1	ix	ix	INTJ
ftr-323	1097	2	.	.	PUNCT
ftr-323	1097	3	competitiveness	competitiveness	NOUN
ftr-323	1097	4	vs.	vs.	ADP
ftr-323	1097	5	revenue	revenue	NOUN
ftr-323	1097	6	in	in	ADP
ftr-323	1097	7	earlier	early	ADJ
ftr-323	1097	8	parts	part	NOUN
ftr-323	1097	9	of	of	ADP
ftr-323	1097	10	this	this	DET
ftr-323	1097	11	article	article	NOUN
ftr-323	1097	12	we	we	PRON
ftr-323	1097	13	have	have	AUX
ftr-323	1097	14	explained	explain	VERB
ftr-323	1097	15	that	that	SCONJ
ftr-323	1097	16	a	a	DET
ftr-323	1097	17	properly	properly	ADV
ftr-323	1097	18	designed	design	VERB
ftr-323	1097	19	u.s	u.s	PROPN
ftr-323	1097	20	.	.	PROPN
ftr-323	1097	21	exemption	exemption	NOUN
ftr-323	1097	22	system	system	NOUN
ftr-323	1097	23	will	will	AUX
ftr-323	1097	24	fully	fully	ADV
ftr-323	1097	25	satisfy	satisfy	VERB
ftr-323	1097	26	the	the	DET
ftr-323	1097	27	international	international	ADJ
ftr-323	1097	28	law	law	NOUN
ftr-323	1097	29	obligation	obligation	NOUN
ftr-323	1097	30	of	of	ADP
ftr-323	1097	31	the	the	DET
ftr-323	1097	32	united	united	PROPN
ftr-323	1097	33	states	states	PROPN
ftr-323	1097	34	to	to	PART
ftr-323	1097	35	relieve	relieve	VERB
ftr-323	1097	36	double	double	ADJ
ftr-323	1097	37	taxation	taxation	NOUN
ftr-323	1097	38	and	and	CCONJ
ftr-323	1097	39	that	that	SCONJ
ftr-323	1097	40	if	if	SCONJ
ftr-323	1097	41	an	an	DET
ftr-323	1097	42	exemption	exemption	NOUN
ftr-323	1097	43	system	system	NOUN
ftr-323	1097	44	goes	go	VERB
ftr-323	1097	45	beyond	beyond	ADP
ftr-323	1097	46	double	double	ADJ
ftr-323	1097	47	taxation	taxation	NOUN
ftr-323	1097	48	relief	relief	NOUN
ftr-323	1097	49	,	,	PUNCT
ftr-323	1097	50	it	it	PRON
ftr-323	1097	51	is	be	AUX
ftr-323	1097	52	,	,	PUNCT
ftr-323	1097	53	to	to	ADP
ftr-323	1097	54	that	that	DET
ftr-323	1097	55	extent	extent	NOUN
ftr-323	1097	56	,	,	PUNCT
ftr-323	1097	57	a	a	DET
ftr-323	1097	58	subsidy	subsidy	NOUN
ftr-323	1097	59	regime	regime	NOUN
ftr-323	1097	60	that	that	PRON
ftr-323	1097	61	effectively	effectively	ADV
ftr-323	1097	62	spends	spend	VERB
ftr-323	1097	63	u.s	u.s	PROPN
ftr-323	1097	64	.	.	PROPN
ftr-323	1097	65	revenue	revenue	NOUN
ftr-323	1097	66	for	for	ADP
ftr-323	1097	67	a	a	DET
ftr-323	1097	68	limited	limited	ADJ
ftr-323	1097	69	set	set	NOUN
ftr-323	1097	70	of	of	ADP
ftr-323	1097	71	beneficiaries	beneficiary	NOUN
ftr-323	1097	72	at	at	ADP
ftr-323	1097	73	a	a	DET
ftr-323	1097	74	time	time	NOUN
ftr-323	1097	75	when	when	SCONJ
ftr-323	1097	76	there	there	PRON
ftr-323	1097	77	is	be	VERB
ftr-323	1097	78	not	not	PART
ftr-323	1097	79	nearly	nearly	ADV
ftr-323	1097	80	enough	enough	ADJ
ftr-323	1097	81	money	money	NOUN
ftr-323	1097	82	in	in	ADP
ftr-323	1097	83	the	the	DET
ftr-323	1097	84	treasury	treasury	NOUN
ftr-323	1097	85	to	to	PART
ftr-323	1097	86	fund	fund	VERB
ftr-323	1097	87	pressing	press	VERB
ftr-323	1097	88	public	public	ADJ
ftr-323	1097	89	needs	need	NOUN
ftr-323	1097	90	.	.	PUNCT
ftr-323	1098	1	however	however	ADV
ftr-323	1098	2	,	,	PUNCT
ftr-323	1098	3	many	many	ADJ
ftr-323	1098	4	of	of	ADP
ftr-323	1098	5	the	the	DET
ftr-323	1098	6	proponents	proponent	NOUN
ftr-323	1098	7	for	for	ADP
ftr-323	1098	8	replacing	replace	VERB
ftr-323	1098	9	the	the	DET
ftr-323	1098	10	current	current	ADJ
ftr-323	1098	11	u.s	u.s	PROPN
ftr-323	1098	12	.	.	PROPN
ftr-323	1098	13	international	international	ADJ
ftr-323	1098	14	income	income	NOUN
ftr-323	1098	15	tax	tax	NOUN
ftr-323	1098	16	regime	regime	NOUN
ftr-323	1098	17	with	with	ADP
ftr-323	1098	18	a	a	DET
ftr-323	1098	19	territorial	territorial	ADJ
ftr-323	1098	20	system	system	NOUN
ftr-323	1098	21	have	have	AUX
ftr-323	1098	22	not	not	PART
ftr-323	1098	23	been	be	AUX
ftr-323	1098	24	significantly	significantly	ADV
ftr-323	1098	25	concerned	concerned	ADJ
ftr-323	1098	26	with	with	ADP
ftr-323	1098	27	the	the	DET
ftr-323	1098	28	nature	nature	NOUN
ftr-323	1098	29	and	and	CCONJ
ftr-323	1098	30	extent	extent	NOUN
ftr-323	1098	31	of	of	ADP
ftr-323	1098	32	the	the	DET
ftr-323	1098	33	u.s	u.s	PROPN
ftr-323	1098	34	.	.	PROPN
ftr-323	1098	35	international	international	ADJ
ftr-323	1098	36	law	law	NOUN
ftr-323	1098	37	obligation	obligation	NOUN
ftr-323	1098	38	to	to	PART
ftr-323	1098	39	ameliorate	ameliorate	VERB
ftr-323	1098	40	double	double	ADJ
ftr-323	1098	41	taxation	taxation	NOUN
ftr-323	1098	42	.	.	PUNCT
ftr-323	1099	1	instead	instead	ADV
ftr-323	1099	2	,	,	PUNCT
ftr-323	1099	3	the	the	DET
ftr-323	1099	4	advocacy	advocacy	NOUN
ftr-323	1099	5	in	in	ADP
ftr-323	1099	6	favor	favor	NOUN
ftr-323	1099	7	of	of	ADP
ftr-323	1099	8	territoriality	territoriality	NOUN
ftr-323	1099	9	has	have	AUX
ftr-323	1099	10	centered	center	VERB
ftr-323	1099	11	on	on	ADP
ftr-323	1099	12	securing	secure	VERB
ftr-323	1099	13	a	a	DET
ftr-323	1099	14	competitiveness	competitiveness	NOUN
ftr-323	1099	15	subsidy190	subsidy190	VERB
ftr-323	1099	16	through	through	ADP
ftr-323	1099	17	the	the	DET
ftr-323	1099	18	tax	tax	NOUN
ftr-323	1099	19	system	system	NOUN
ftr-323	1099	20	for	for	ADP
ftr-323	1099	21	the	the	DET
ftr-323	1099	22	foreign	foreign	ADJ
ftr-323	1099	23	activities	activity	NOUN
ftr-323	1099	24	of	of	ADP
ftr-323	1099	25	u.s	u.s	PROPN
ftr-323	1099	26	.	.	PROPN
ftr-323	1099	27	multinational	multinational	PROPN
ftr-323	1099	28	corporations.191	corporations.191	PROPN
ftr-323	1099	29	in	in	ADP
ftr-323	1099	30	an	an	DET
ftr-323	1099	31	earlier	early	ADJ
ftr-323	1099	32	work	work	NOUN
ftr-323	1099	33	,	,	PUNCT
ftr-323	1099	34	we	we	PRON
ftr-323	1099	35	argued	argue	VERB
ftr-323	1099	36	that	that	SCONJ
ftr-323	1099	37	this	this	DET
ftr-323	1099	38	competiveness	competiveness	NOUN
ftr-323	1099	39	plea	plea	NOUN
ftr-323	1099	40	has	have	VERB
ftr-323	1099	41	numerous	numerous	ADJ
ftr-323	1099	42	flaws.192	flaws.192	NOUN
ftr-323	1099	43	first	first	ADV
ftr-323	1099	44	,	,	PUNCT
ftr-323	1099	45	it	it	PRON
ftr-323	1099	46	misdefines	misdefine	VERB
ftr-323	1099	47	competitiveness	competitiveness	NOUN
ftr-323	1099	48	as	as	ADP
ftr-323	1099	49	improvement	improvement	NOUN
ftr-323	1099	50	in	in	ADP
ftr-323	1099	51	the	the	DET
ftr-323	1099	52	after	after	ADP
ftr-323	1099	53	-	-	PUNCT
ftr-323	1099	54	tax	tax	NOUN
ftr-323	1099	55	profitability	profitability	NOUN
ftr-323	1099	56	of	of	ADP
ftr-323	1099	57	already	already	ADV
ftr-323	1099	58	successful	successful	ADJ
ftr-323	1099	59	u.s	u.s	PROPN
ftr-323	1099	60	.	.	PROPN
ftr-323	1099	61	multinational	multinational	ADJ
ftr-323	1099	62	corporations	corporation	NOUN
ftr-323	1099	63	instead	instead	ADV
ftr-323	1099	64	of	of	ADP
ftr-323	1099	65	more	more	ADV
ftr-323	1099	66	broadly	broadly	ADV
ftr-323	1099	67	as	as	ADP
ftr-323	1099	68	improvement	improvement	NOUN
ftr-323	1099	69	in	in	ADP
ftr-323	1099	70	the	the	DET
ftr-323	1099	71	living	live	VERB
ftr-323	1099	72	standard	standard	NOUN
ftr-323	1099	73	of	of	ADP
ftr-323	1099	74	americans.193	americans.193	NOUN
ftr-323	1099	75	and	and	CCONJ
ftr-323	1099	76	even	even	ADV
ftr-323	1099	77	if	if	SCONJ
ftr-323	1099	78	competitiveness	competitiveness	NOUN
ftr-323	1099	79	was	be	AUX
ftr-323	1099	80	defined	define	VERB
ftr-323	1099	81	in	in	ADP
ftr-323	1099	82	terms	term	NOUN
ftr-323	1099	83	of	of	ADP
ftr-323	1099	84	the	the	DET
ftr-323	1099	85	190	190	NUM
ftr-323	1099	86	.	.	PUNCT
ftr-323	1100	1	see	see	VERB
ftr-323	1100	2	,	,	PUNCT
ftr-323	1100	3	e.g.	e.g.	ADV
ftr-323	1100	4	,	,	PUNCT
ftr-323	1100	5	staff	staff	NOUN
ftr-323	1100	6	of	of	ADP
ftr-323	1100	7	joint	joint	ADJ
ftr-323	1100	8	comm	comm	NOUN
ftr-323	1100	9	.	.	PUNCT
ftr-323	1101	1	,	,	PUNCT
ftr-323	1101	2	impact	impact	NOUN
ftr-323	1101	3	of	of	ADP
ftr-323	1101	4	international	international	ADJ
ftr-323	1101	5	tax	tax	NOUN
ftr-323	1101	6	reform	reform	NOUN
ftr-323	1101	7	,	,	PUNCT
ftr-323	1101	8	supra	supra	PROPN
ftr-323	1101	9	note	note	PROPN
ftr-323	1101	10	17	17	NUM
ftr-323	1101	11	,	,	PUNCT
ftr-323	1101	12	at	at	ADP
ftr-323	1101	13	5	5	NUM
ftr-323	1101	14	;	;	PUNCT
ftr-323	1101	15	r.	r.	PROPN
ftr-323	1101	16	glenn	glenn	PROPN
ftr-323	1101	17	hubbard	hubbard	PROPN
ftr-323	1101	18	,	,	PUNCT
ftr-323	1101	19	tax	tax	NOUN
ftr-323	1101	20	policy	policy	NOUN
ftr-323	1101	21	and	and	CCONJ
ftr-323	1101	22	international	international	ADJ
ftr-323	1101	23	competitiveness	competitiveness	NOUN
ftr-323	1101	24	,	,	PUNCT
ftr-323	1101	25	82	82	NUM
ftr-323	1101	26	taxes	taxis	NOUN
ftr-323	1101	27	213	213	NUM
ftr-323	1101	28	(	(	PUNCT
ftr-323	1101	29	mar	mar	PROPN
ftr-323	1101	30	.	.	PROPN
ftr-323	1101	31	2004	2004	NUM
ftr-323	1101	32	)	)	PUNCT
ftr-323	1101	33	;	;	PUNCT
ftr-323	1101	34	olson	olson	NOUN
ftr-323	1101	35	,	,	PUNCT
ftr-323	1101	36	merrill	merrill	PROPN
ftr-323	1101	37	,	,	PUNCT
ftr-323	1101	38	mundaca	mundaca	PROPN
ftr-323	1101	39	,	,	PUNCT
ftr-323	1101	40	reilly	reilly	PROPN
ftr-323	1101	41	&	&	CCONJ
ftr-323	1101	42	spellings	spelling	NOUN
ftr-323	1101	43	,	,	PUNCT
ftr-323	1101	44	new	new	ADJ
ftr-323	1101	45	ground	ground	NOUN
ftr-323	1101	46	,	,	PUNCT
ftr-323	1101	47	supra	supra	PROPN
ftr-323	1101	48	note	note	NOUN
ftr-323	1101	49	23	23	NUM
ftr-323	1101	50	,	,	PUNCT
ftr-323	1101	51	at	at	ADP
ftr-323	1101	52	60	60	NUM
ftr-323	1101	53	,	,	PUNCT
ftr-323	1101	54	64–66	64–66	NUM
ftr-323	1101	55	;	;	PUNCT
ftr-323	1101	56	phillip	phillip	PROPN
ftr-323	1101	57	r.	r.	PROPN
ftr-323	1101	58	west	west	PROPN
ftr-323	1101	59	,	,	PUNCT
ftr-323	1101	60	across	across	ADP
ftr-323	1101	61	the	the	DET
ftr-323	1101	62	great	great	ADJ
ftr-323	1101	63	divide	divide	NOUN
ftr-323	1101	64	:	:	PUNCT
ftr-323	1101	65	a	a	DET
ftr-323	1101	66	centrist	centrist	ADJ
ftr-323	1101	67	tax	tax	NOUN
ftr-323	1101	68	reform	reform	NOUN
ftr-323	1101	69	proposal	proposal	NOUN
ftr-323	1101	70	,	,	PUNCT
ftr-323	1101	71	130	130	NUM
ftr-323	1101	72	tax	tax	NOUN
ftr-323	1101	73	notes	note	NOUN
ftr-323	1101	74	1025	1025	NUM
ftr-323	1101	75	,	,	PUNCT
ftr-323	1101	76	1040	1040	NUM
ftr-323	1101	77	(	(	PUNCT
ftr-323	1101	78	feb	feb	PROPN
ftr-323	1101	79	.	.	PROPN
ftr-323	1101	80	28	28	NUM
ftr-323	1101	81	,	,	PUNCT
ftr-323	1101	82	2011	2011	NUM
ftr-323	1101	83	)	)	PUNCT
ftr-323	1101	84	.	.	PUNCT
ftr-323	1102	1	for	for	ADP
ftr-323	1102	2	a	a	DET
ftr-323	1102	3	commentator	commentator	NOUN
ftr-323	1102	4	who	who	PRON
ftr-323	1102	5	supports	support	VERB
ftr-323	1102	6	adoption	adoption	NOUN
ftr-323	1102	7	of	of	ADP
ftr-323	1102	8	an	an	DET
ftr-323	1102	9	exemption	exemption	NOUN
ftr-323	1102	10	system	system	NOUN
ftr-323	1102	11	on	on	ADP
ftr-323	1102	12	the	the	DET
ftr-323	1102	13	grounds	ground	NOUN
ftr-323	1102	14	that	that	SCONJ
ftr-323	1102	15	it	it	PRON
ftr-323	1102	16	would	would	AUX
ftr-323	1102	17	increase	increase	VERB
ftr-323	1102	18	worldwide	worldwide	ADV
ftr-323	1102	19	economic	economic	ADJ
ftr-323	1102	20	efficiency	efficiency	NOUN
ftr-323	1102	21	,	,	PUNCT
ftr-323	1102	22	rather	rather	ADV
ftr-323	1102	23	than	than	ADP
ftr-323	1102	24	competitiveness	competitiveness	NOUN
ftr-323	1102	25	grounds	ground	NOUN
ftr-323	1102	26	,	,	PUNCT
ftr-323	1102	27	see	see	VERB
ftr-323	1102	28	chorvat	chorvat	NOUN
ftr-323	1102	29	,	,	PUNCT
ftr-323	1102	30	ending	end	VERB
ftr-323	1102	31	foreign	foreign	ADJ
ftr-323	1102	32	business	business	NOUN
ftr-323	1102	33	tax	tax	NOUN
ftr-323	1102	34	,	,	PUNCT
ftr-323	1102	35	supra	supra	PROPN
ftr-323	1102	36	note	note	NOUN
ftr-323	1102	37	102	102	NUM
ftr-323	1102	38	.	.	NOUN
ftr-323	1103	1	191	191	NUM
ftr-323	1103	2	.	.	PUNCT
ftr-323	1104	1	for	for	ADP
ftr-323	1104	2	an	an	DET
ftr-323	1104	3	explanation	explanation	NOUN
ftr-323	1104	4	of	of	ADP
ftr-323	1104	5	the	the	DET
ftr-323	1104	6	subsidy	subsidy	NOUN
ftr-323	1104	7	effect	effect	NOUN
ftr-323	1104	8	of	of	ADP
ftr-323	1104	9	an	an	DET
ftr-323	1104	10	exemption	exemption	NOUN
ftr-323	1104	11	system	system	NOUN
ftr-323	1104	12	,	,	PUNCT
ftr-323	1104	13	see	see	VERB
ftr-323	1104	14	fleming	fleming	NOUN
ftr-323	1104	15	,	,	PUNCT
ftr-323	1104	16	peroni	peroni	PROPN
ftr-323	1104	17	&	&	CCONJ
ftr-323	1104	18	shay	shay	PROPN
ftr-323	1104	19	,	,	PUNCT
ftr-323	1104	20	worldwide	worldwide	ADV
ftr-323	1104	21	v.	v.	ADP
ftr-323	1104	22	territorial	territorial	ADJ
ftr-323	1104	23	,	,	PUNCT
ftr-323	1104	24	supra	supra	PROPN
ftr-323	1104	25	note	note	NOUN
ftr-323	1104	26	21	21	NUM
ftr-323	1104	27	,	,	PUNCT
ftr-323	1104	28	at	at	ADP
ftr-323	1104	29	1091	1091	NUM
ftr-323	1104	30	.	.	PUNCT
ftr-323	1105	1	as	as	SCONJ
ftr-323	1105	2	professor	professor	NOUN
ftr-323	1105	3	kleinbard	kleinbard	NOUN
ftr-323	1105	4	has	have	AUX
ftr-323	1105	5	observed	observe	VERB
ftr-323	1105	6	,	,	PUNCT
ftr-323	1105	7	the	the	DET
ftr-323	1105	8	competitiveness	competitiveness	NOUN
ftr-323	1105	9	argument	argument	NOUN
ftr-323	1105	10	in	in	ADP
ftr-323	1105	11	favor	favor	NOUN
ftr-323	1105	12	of	of	ADP
ftr-323	1105	13	territoriality	territoriality	NOUN
ftr-323	1105	14	“	"	PUNCT
ftr-323	1105	15	is	be	AUX
ftr-323	1105	16	indistinguishable	indistinguishable	ADJ
ftr-323	1105	17	from	from	ADP
ftr-323	1105	18	a	a	DET
ftr-323	1105	19	call	call	NOUN
ftr-323	1105	20	for	for	ADP
ftr-323	1105	21	export	export	NOUN
ftr-323	1105	22	subsidies	subsidy	NOUN
ftr-323	1105	23	,	,	PUNCT
ftr-323	1105	24	on	on	ADP
ftr-323	1105	25	the	the	DET
ftr-323	1105	26	grounds	ground	NOUN
ftr-323	1105	27	that	that	SCONJ
ftr-323	1105	28	other	other	ADJ
ftr-323	1105	29	countries	country	NOUN
ftr-323	1105	30	offer	offer	VERB
ftr-323	1105	31	export	export	NOUN
ftr-323	1105	32	subsidies	subsidy	NOUN
ftr-323	1105	33	.	.	PUNCT
ftr-323	1105	34	”	"	PUNCT
ftr-323	1106	1	kleinbard	kleinbard	PROPN
ftr-323	1106	2	,	,	PUNCT
ftr-323	1106	3	lessons	lesson	NOUN
ftr-323	1106	4	,	,	PUNCT
ftr-323	1106	5	supra	supra	PROPN
ftr-323	1106	6	note	note	NOUN
ftr-323	1106	7	3	3	NUM
ftr-323	1106	8	,	,	PUNCT
ftr-323	1106	9	at	at	ADP
ftr-323	1106	10	129	129	NUM
ftr-323	1106	11	.	.	PUNCT
ftr-323	1106	12	192	192	NUM
ftr-323	1106	13	.	.	PUNCT
ftr-323	1107	1	see	see	VERB
ftr-323	1107	2	fleming	fleming	PROPN
ftr-323	1107	3	,	,	PUNCT
ftr-323	1107	4	peroni	peroni	PROPN
ftr-323	1107	5	&	&	CCONJ
ftr-323	1107	6	shay	shay	PROPN
ftr-323	1107	7	,	,	PUNCT
ftr-323	1107	8	worldwide	worldwide	ADV
ftr-323	1107	9	v.	v.	ADP
ftr-323	1107	10	territorial	territorial	ADJ
ftr-323	1107	11	,	,	PUNCT
ftr-323	1107	12	supra	supra	PROPN
ftr-323	1107	13	note	note	NOUN
ftr-323	1107	14	21	21	NUM
ftr-323	1107	15	,	,	PUNCT
ftr-323	1107	16	at	at	ADP
ftr-323	1107	17	1085–86	1085–86	NUM
ftr-323	1107	18	.	.	PUNCT
ftr-323	1108	1	193	193	NUM
ftr-323	1108	2	.	.	PUNCT
ftr-323	1109	1	the	the	DET
ftr-323	1109	2	world	world	PROPN
ftr-323	1109	3	economic	economic	PROPN
ftr-323	1109	4	forum	forum	PROPN
ftr-323	1109	5	defines	define	VERB
ftr-323	1109	6	competitiveness	competitiveness	NOUN
ftr-323	1109	7	as	as	ADP
ftr-323	1109	8	“	"	PUNCT
ftr-323	1109	9	the	the	DET
ftr-323	1109	10	set	set	NOUN
ftr-323	1109	11	of	of	ADP
ftr-323	1109	12	institutions	institution	NOUN
ftr-323	1109	13	,	,	PUNCT
ftr-323	1109	14	policies	policy	NOUN
ftr-323	1109	15	,	,	PUNCT
ftr-323	1109	16	and	and	CCONJ
ftr-323	1109	17	factors	factor	NOUN
ftr-323	1109	18	that	that	PRON
ftr-323	1109	19	determine	determine	VERB
ftr-323	1109	20	the	the	DET
ftr-323	1109	21	level	level	NOUN
ftr-323	1109	22	of	of	ADP
ftr-323	1109	23	productivity	productivity	NOUN
ftr-323	1109	24	of	of	ADP
ftr-323	1109	25	a	a	DET
ftr-323	1109	26	country	country	NOUN
ftr-323	1109	27	.	.	PUNCT
ftr-323	1109	28	”	"	PUNCT
ftr-323	1110	1	world	world	PROPN
ftr-323	1110	2	economic	economic	PROPN
ftr-323	1110	3	forum	forum	PROPN
ftr-323	1110	4	,	,	PUNCT
ftr-323	1110	5	the	the	DET
ftr-323	1110	6	global	global	ADJ
ftr-323	1110	7	competitiveness	competitiveness	NOUN
ftr-323	1110	8	report	report	NOUN
ftr-323	1110	9	:	:	PUNCT
ftr-323	1110	10	2012	2012	NUM
ftr-323	1110	11	-	-	SYM
ftr-323	1110	12	2013	2013	NUM
ftr-323	1110	13	,	,	PUNCT
ftr-323	1110	14	at	at	ADP
ftr-323	1110	15	4	4	NUM
ftr-323	1110	16	(	(	PUNCT
ftr-323	1110	17	klaus	klaus	PROPN
ftr-323	1110	18	schwab	schwab	PROPN
ftr-323	1110	19	ed	ed	NOUN
ftr-323	1110	20	.	.	PROPN
ftr-323	1110	21	,	,	PUNCT
ftr-323	1110	22	2012	2012	NUM
ftr-323	1110	23	)	)	PUNCT
ftr-323	1110	24	,	,	PUNCT
ftr-323	1110	25	http://reports.weforum.org/globalcompetitiveness-report-2012-2013/.	http://reports.weforum.org/globalcompetitiveness-report-2012-2013/.	PROPN
ftr-323	1110	26	the	the	DET
ftr-323	1110	27	world	world	PROPN
ftr-323	1110	28	economic	economic	PROPN
ftr-323	1110	29	forum	forum	PROPN
ftr-323	1110	30	’s	’s	PART
ftr-323	1110	31	report	report	NOUN
ftr-323	1110	32	focuses	focus	VERB
ftr-323	1110	33	on	on	ADP
ftr-323	1110	34	various	various	ADJ
ftr-323	1110	35	factors	factor	NOUN
ftr-323	1110	36	in	in	ADP
ftr-323	1110	37	defining	define	VERB
ftr-323	1110	38	competitiveness	competitiveness	NOUN
ftr-323	1110	39	,	,	PUNCT
ftr-323	1110	40	including	include	VERB
ftr-323	1110	41	institutions	institution	NOUN
ftr-323	1110	42	,	,	PUNCT
ftr-323	1110	43	infrastructure	infrastructure	NOUN
ftr-323	1110	44	,	,	PUNCT
ftr-323	1110	45	2012	2012	NUM
ftr-323	1110	46	]	]	PUNCT
ftr-323	1110	47	exemption	exemption	NOUN
ftr-323	1110	48	when	when	SCONJ
ftr-323	1110	49	the	the	DET
ftr-323	1110	50	treasury	treasury	NOUN
ftr-323	1110	51	is	be	AUX
ftr-323	1110	52	empty	empty	ADJ
ftr-323	1110	53	457	457	NUM
ftr-323	1110	54	financial	financial	ADJ
ftr-323	1110	55	interests	interest	NOUN
ftr-323	1110	56	of	of	ADP
ftr-323	1110	57	u.s	u.s	PROPN
ftr-323	1110	58	.	.	PROPN
ftr-323	1110	59	multinational	multinational	ADJ
ftr-323	1110	60	corporations	corporation	NOUN
ftr-323	1110	61	,	,	PUNCT
ftr-323	1110	62	the	the	DET
ftr-323	1110	63	need	need	NOUN
ftr-323	1110	64	for	for	ADP
ftr-323	1110	65	that	that	DET
ftr-323	1110	66	kind	kind	NOUN
ftr-323	1110	67	of	of	ADP
ftr-323	1110	68	competitiveness	competitiveness	NOUN
ftr-323	1110	69	subsidy	subsidy	NOUN
ftr-323	1110	70	has	have	AUX
ftr-323	1110	71	never	never	ADV
ftr-323	1110	72	been	be	AUX
ftr-323	1110	73	convincingly	convincingly	ADV
ftr-323	1110	74	established	establish	VERB
ftr-323	1110	75	.	.	PUNCT
ftr-323	1111	1	isolated	isolate	VERB
ftr-323	1111	2	anecdotes	anecdote	NOUN
ftr-323	1111	3	of	of	ADP
ftr-323	1111	4	u.s	u.s	PROPN
ftr-323	1111	5	.	.	PROPN
ftr-323	1111	6	corporations	corporation	NOUN
ftr-323	1111	7	responding	respond	VERB
ftr-323	1111	8	predictably	predictably	ADV
ftr-323	1111	9	to	to	ADP
ftr-323	1111	10	tax	tax	NOUN
ftr-323	1111	11	-	-	PUNCT
ftr-323	1111	12	reduction	reduction	NOUN
ftr-323	1111	13	opportunities	opportunity	NOUN
ftr-323	1111	14	have	have	AUX
ftr-323	1111	15	been	be	AUX
ftr-323	1111	16	brought	bring	VERB
ftr-323	1111	17	forward194	forward194	PROPN
ftr-323	1112	1	but	but	CCONJ
ftr-323	1112	2	there	there	PRON
ftr-323	1112	3	has	have	AUX
ftr-323	1112	4	never	never	ADV
ftr-323	1112	5	been	be	AUX
ftr-323	1112	6	a	a	DET
ftr-323	1112	7	systematic	systematic	ADJ
ftr-323	1112	8	demonstration	demonstration	NOUN
ftr-323	1112	9	that	that	PRON
ftr-323	1112	10	a	a	DET
ftr-323	1112	11	comprehensive	comprehensive	ADJ
ftr-323	1112	12	subsidy	subsidy	NOUN
ftr-323	1112	13	,	,	PUNCT
ftr-323	1112	14	such	such	ADJ
ftr-323	1112	15	as	as	ADP
ftr-323	1112	16	a	a	DET
ftr-323	1112	17	broadly	broadly	ADV
ftr-323	1112	18	applicable	applicable	ADJ
ftr-323	1112	19	territorial	territorial	ADJ
ftr-323	1112	20	regime	regime	NOUN
ftr-323	1112	21	,	,	PUNCT
ftr-323	1112	22	is	be	AUX
ftr-323	1112	23	required	require	VERB
ftr-323	1112	24	to	to	PART
ftr-323	1112	25	make	make	VERB
ftr-323	1112	26	the	the	DET
ftr-323	1112	27	general	general	ADJ
ftr-323	1112	28	population	population	NOUN
ftr-323	1112	29	of	of	ADP
ftr-323	1112	30	u.s	u.s	PROPN
ftr-323	1112	31	.	.	PROPN
ftr-323	1112	32	multinational	multinational	ADJ
ftr-323	1112	33	corporations	corporation	NOUN
ftr-323	1112	34	competitive	competitive	ADJ
ftr-323	1112	35	in	in	ADP
ftr-323	1112	36	foreign	foreign	ADJ
ftr-323	1112	37	markets	market	NOUN
ftr-323	1112	38	.	.	PUNCT
ftr-323	1113	1	indeed	indeed	ADV
ftr-323	1113	2	,	,	PUNCT
ftr-323	1113	3	a	a	DET
ftr-323	1113	4	recent	recent	ADJ
ftr-323	1113	5	study	study	NOUN
ftr-323	1113	6	by	by	ADP
ftr-323	1113	7	a	a	DET
ftr-323	1113	8	leading	lead	VERB
ftr-323	1113	9	public	public	ADJ
ftr-323	1113	10	finance	finance	NOUN
ftr-323	1113	11	economist	economist	NOUN
ftr-323	1113	12	has	have	AUX
ftr-323	1113	13	concluded	conclude	VERB
ftr-323	1113	14	that	that	SCONJ
ftr-323	1113	15	“	"	PUNCT
ftr-323	1113	16	[	[	X
ftr-323	1113	17	t]he	t]he	X
ftr-323	1113	18	importance	importance	NOUN
ftr-323	1113	19	of	of	ADP
ftr-323	1113	20	low	low	ADJ
ftr-323	1113	21	tax	tax	NOUN
ftr-323	1113	22	burdens	burden	NOUN
ftr-323	1113	23	on	on	ADP
ftr-323	1113	24	foreign	foreign	ADJ
ftr-323	1113	25	income	income	NOUN
ftr-323	1113	26	for	for	ADP
ftr-323	1113	27	u.s	u.s	PROPN
ftr-323	1113	28	.	.	PROPN
ftr-323	1113	29	worldwide	worldwide	ADJ
ftr-323	1113	30	‘	'	PUNCT
ftr-323	1113	31	competitiveness	competitiveness	NOUN
ftr-323	1113	32	’	'	PUNCT
ftr-323	1113	33	does	do	AUX
ftr-323	1113	34	not	not	PART
ftr-323	1113	35	seem	seem	VERB
ftr-323	1113	36	to	to	PART
ftr-323	1113	37	have	have	VERB
ftr-323	1113	38	much	much	ADJ
ftr-323	1113	39	empirical	empirical	ADJ
ftr-323	1113	40	support	support	NOUN
ftr-323	1113	41	.	.	PUNCT
ftr-323	1114	1	”195	”195	NOUN
ftr-323	1114	2	the	the	DET
ftr-323	1114	3	same	same	ADJ
ftr-323	1114	4	study	study	NOUN
ftr-323	1114	5	finds	find	VERB
ftr-323	1114	6	an	an	DET
ftr-323	1114	7	absence	absence	NOUN
ftr-323	1114	8	of	of	ADP
ftr-323	1114	9	strong	strong	ADJ
ftr-323	1114	10	empirical	empirical	ADJ
ftr-323	1114	11	support	support	NOUN
ftr-323	1114	12	for	for	ADP
ftr-323	1114	13	the	the	DET
ftr-323	1114	14	contention	contention	NOUN
ftr-323	1114	15	that	that	SCONJ
ftr-323	1114	16	low	low	ADJ
ftr-323	1114	17	u.s	u.s	PROPN
ftr-323	1114	18	.	.	PROPN
ftr-323	1114	19	tax	tax	NOUN
ftr-323	1114	20	burdens	burden	NOUN
ftr-323	1114	21	on	on	ADP
ftr-323	1114	22	the	the	DET
ftr-323	1114	23	foreign	foreign	ADJ
ftr-323	1114	24	income	income	NOUN
ftr-323	1114	25	of	of	ADP
ftr-323	1114	26	u.s	u.s	PROPN
ftr-323	1114	27	.	.	PROPN
ftr-323	1114	28	multinational	multinational	ADJ
ftr-323	1114	29	corporations	corporation	NOUN
ftr-323	1114	30	increases	increase	VERB
ftr-323	1114	31	u.s	u.s	PROPN
ftr-323	1114	32	.	.	PROPN
ftr-323	1114	33	domestic	domestic	ADJ
ftr-323	1114	34	investment.196	investment.196	PROPN
ftr-323	1114	35	more	more	ADV
ftr-323	1114	36	generally	generally	ADV
ftr-323	1114	37	,	,	PUNCT
ftr-323	1114	38	the	the	DET
ftr-323	1114	39	competitiveness	competitiveness	NOUN
ftr-323	1114	40	argument	argument	NOUN
ftr-323	1114	41	conflicts	conflict	NOUN
ftr-323	1114	42	with	with	ADP
ftr-323	1114	43	orthodox	orthodox	ADJ
ftr-323	1114	44	economic	economic	ADJ
ftr-323	1114	45	theory	theory	NOUN
ftr-323	1114	46	as	as	SCONJ
ftr-323	1114	47	explained	explain	VERB
ftr-323	1114	48	by	by	ADP
ftr-323	1114	49	another	another	DET
ftr-323	1114	50	prominent	prominent	ADJ
ftr-323	1114	51	public	public	ADJ
ftr-323	1114	52	finance	finance	NOUN
ftr-323	1114	53	economist	economist	NOUN
ftr-323	1114	54	:	:	PUNCT
ftr-323	1115	1	[	[	X
ftr-323	1115	2	t]he	t]he	ADV
ftr-323	1115	3	argument	argument	NOUN
ftr-323	1115	4	that	that	SCONJ
ftr-323	1115	5	because	because	SCONJ
ftr-323	1115	6	most	most	ADJ
ftr-323	1115	7	other	other	ADJ
ftr-323	1115	8	countries	country	NOUN
ftr-323	1115	9	do	do	AUX
ftr-323	1115	10	not	not	PART
ftr-323	1115	11	tax	tax	VERB
ftr-323	1115	12	their	their	PRON
ftr-323	1115	13	foreign	foreign	ADJ
ftr-323	1115	14	subsidiaries	subsidiary	NOUN
ftr-323	1115	15	,	,	PUNCT
ftr-323	1115	16	the	the	DET
ftr-323	1115	17	united	united	PROPN
ftr-323	1115	18	states	states	PROPN
ftr-323	1115	19	also	also	ADV
ftr-323	1115	20	should	should	AUX
ftr-323	1115	21	not	not	PART
ftr-323	1115	22	do	do	VERB
ftr-323	1115	23	so	so	ADV
ftr-323	1115	24	in	in	SCONJ
ftr-323	1115	25	order	order	NOUN
ftr-323	1115	26	to	to	PART
ftr-323	1115	27	allow	allow	VERB
ftr-323	1115	28	its	its	PRON
ftr-323	1115	29	firms	firm	NOUN
ftr-323	1115	30	to	to	PART
ftr-323	1115	31	compete	compete	VERB
ftr-323	1115	32	abroad	abroad	ADV
ftr-323	1115	33	does	do	AUX
ftr-323	1115	34	not	not	PART
ftr-323	1115	35	stand	stand	VERB
ftr-323	1115	36	up	up	ADP
ftr-323	1115	37	to	to	ADP
ftr-323	1115	38	economic	economic	ADJ
ftr-323	1115	39	analysis	analysis	NOUN
ftr-323	1115	40	.	.	PUNCT
ftr-323	1116	1	a	a	DET
ftr-323	1116	2	country	country	NOUN
ftr-323	1116	3	does	do	AUX
ftr-323	1116	4	not	not	PART
ftr-323	1116	5	compete	compete	VERB
ftr-323	1116	6	in	in	ADP
ftr-323	1116	7	the	the	DET
ftr-323	1116	8	manner	manner	NOUN
ftr-323	1116	9	that	that	SCONJ
ftr-323	1116	10	a	a	DET
ftr-323	1116	11	firm	firm	NOUN
ftr-323	1116	12	does	do	VERB
ftr-323	1116	13	,	,	PUNCT
ftr-323	1116	14	because	because	SCONJ
ftr-323	1116	15	its	its	PRON
ftr-323	1116	16	resources	resource	NOUN
ftr-323	1116	17	(	(	PUNCT
ftr-323	1116	18	labor	labor	NOUN
ftr-323	1116	19	and	and	CCONJ
ftr-323	1116	20	savings	saving	NOUN
ftr-323	1116	21	provided	provide	VERB
ftr-323	1116	22	by	by	ADP
ftr-323	1116	23	its	its	PRON
ftr-323	1116	24	citizens	citizen	NOUN
ftr-323	1116	25	)	)	PUNCT
ftr-323	1116	26	do	do	AUX
ftr-323	1116	27	not	not	PART
ftr-323	1116	28	disappear	disappear	VERB
ftr-323	1116	29	if	if	SCONJ
ftr-323	1116	30	another	another	DET
ftr-323	1116	31	firm	firm	NOUN
ftr-323	1116	32	undercuts	undercut	VERB
ftr-323	1116	33	prices	price	NOUN
ftr-323	1116	34	;	;	PUNCT
ftr-323	1116	35	they	they	PRON
ftr-323	1116	36	are	be	AUX
ftr-323	1116	37	simply	simply	ADV
ftr-323	1116	38	used	use	VERB
ftr-323	1116	39	in	in	ADP
ftr-323	1116	40	a	a	DET
ftr-323	1116	41	different	different	ADJ
ftr-323	1116	42	way	way	NOUN
ftr-323	1116	43	.	.	PUNCT
ftr-323	1117	1	that	that	PRON
ftr-323	1117	2	is	is	ADV
ftr-323	1117	3	,	,	PUNCT
ftr-323	1117	4	a	a	DET
ftr-323	1117	5	country	country	NOUN
ftr-323	1117	6	does	do	AUX
ftr-323	1117	7	not	not	PART
ftr-323	1117	8	compete	compete	VERB
ftr-323	1117	9	with	with	ADP
ftr-323	1117	10	the	the	DET
ftr-323	1117	11	rest	rest	NOUN
ftr-323	1117	12	of	of	ADP
ftr-323	1117	13	the	the	DET
ftr-323	1117	14	world	world	NOUN
ftr-323	1117	15	,	,	PUNCT
ftr-323	1117	16	it	it	PRON
ftr-323	1117	17	trades	trade	VERB
ftr-323	1117	18	with	with	ADP
ftr-323	1117	19	them	they	PRON
ftr-323	1117	20	,	,	PUNCT
ftr-323	1117	21	both	both	CCONJ
ftr-323	1117	22	its	its	PRON
ftr-323	1117	23	products	product	NOUN
ftr-323	1117	24	and	and	CCONJ
ftr-323	1117	25	its	its	PRON
ftr-323	1117	26	capital	capital	NOUN
ftr-323	1117	27	.	.	PUNCT
ftr-323	1118	1	it	it	PRON
ftr-323	1118	2	can	can	AUX
ftr-323	1118	3	generally	generally	ADV
ftr-323	1118	4	be	be	AUX
ftr-323	1118	5	shown	show	VERB
ftr-323	1118	6	that	that	SCONJ
ftr-323	1118	7	the	the	DET
ftr-323	1118	8	united	united	PROPN
ftr-323	1118	9	states	states	PROPN
ftr-323	1118	10	would	would	AUX
ftr-323	1118	11	still	still	ADV
ftr-323	1118	12	be	be	AUX
ftr-323	1118	13	better	well	ADJ
ftr-323	1118	14	off	off	ADV
ftr-323	1118	15	,	,	PUNCT
ftr-323	1118	16	or	or	CCONJ
ftr-323	1118	17	at	at	ADV
ftr-323	1118	18	least	least	ADJ
ftr-323	1118	19	no	no	PRON
ftr-323	1118	20	worse	bad	ADJ
ftr-323	1118	21	macroeconomic	macroeconomic	ADJ
ftr-323	1118	22	environment	environment	NOUN
ftr-323	1118	23	,	,	PUNCT
ftr-323	1118	24	health	health	NOUN
ftr-323	1118	25	and	and	CCONJ
ftr-323	1118	26	primary	primary	ADJ
ftr-323	1118	27	education	education	NOUN
ftr-323	1118	28	,	,	PUNCT
ftr-323	1118	29	higher	high	ADJ
ftr-323	1118	30	education	education	NOUN
ftr-323	1118	31	and	and	CCONJ
ftr-323	1118	32	training	training	NOUN
ftr-323	1118	33	,	,	PUNCT
ftr-323	1118	34	goods	good	NOUN
ftr-323	1118	35	and	and	CCONJ
ftr-323	1118	36	labor	labor	NOUN
ftr-323	1118	37	markets	market	NOUN
ftr-323	1118	38	efficiency	efficiency	NOUN
ftr-323	1118	39	,	,	PUNCT
ftr-323	1118	40	innovation	innovation	NOUN
ftr-323	1118	41	,	,	PUNCT
ftr-323	1118	42	and	and	CCONJ
ftr-323	1118	43	market	market	NOUN
ftr-323	1118	44	size	size	NOUN
ftr-323	1118	45	.	.	PUNCT
ftr-323	1119	1	using	use	VERB
ftr-323	1119	2	this	this	DET
ftr-323	1119	3	approach	approach	NOUN
ftr-323	1119	4	to	to	ADP
ftr-323	1119	5	measuring	measure	VERB
ftr-323	1119	6	competitiveness	competitiveness	NOUN
ftr-323	1119	7	,	,	PUNCT
ftr-323	1119	8	the	the	DET
ftr-323	1119	9	united	united	PROPN
ftr-323	1119	10	states	states	PROPN
ftr-323	1119	11	was	be	AUX
ftr-323	1119	12	ranked	rank	VERB
ftr-323	1119	13	first	first	ADV
ftr-323	1119	14	overall	overall	ADV
ftr-323	1119	15	in	in	ADP
ftr-323	1119	16	the	the	DET
ftr-323	1119	17	world	world	NOUN
ftr-323	1119	18	economic	economic	PROPN
ftr-323	1119	19	forum	forum	PROPN
ftr-323	1119	20	’s	’s	PART
ftr-323	1119	21	global	global	ADJ
ftr-323	1119	22	competitiveness	competitiveness	NOUN
ftr-323	1119	23	report	report	NOUN
ftr-323	1119	24	in	in	ADP
ftr-323	1119	25	2007	2007	NUM
ftr-323	1119	26	-	-	SYM
ftr-323	1119	27	2008	2008	NUM
ftr-323	1119	28	and	and	CCONJ
ftr-323	1119	29	2008	2008	NUM
ftr-323	1119	30	-	-	SYM
ftr-323	1119	31	2009	2009	NUM
ftr-323	1119	32	,	,	PUNCT
ftr-323	1119	33	second	second	ADJ
ftr-323	1119	34	overall	overall	ADV
ftr-323	1119	35	in	in	ADP
ftr-323	1119	36	2009	2009	NUM
ftr-323	1119	37	-	-	SYM
ftr-323	1119	38	2010	2010	NUM
ftr-323	1119	39	,	,	PUNCT
ftr-323	1119	40	fourth	fourth	ADJ
ftr-323	1119	41	overall	overall	NOUN
ftr-323	1119	42	in	in	ADP
ftr-323	1119	43	2010	2010	NUM
ftr-323	1119	44	-	-	SYM
ftr-323	1119	45	2011	2011	NUM
ftr-323	1119	46	,	,	PUNCT
ftr-323	1119	47	fifth	fifth	ADJ
ftr-323	1119	48	overall	overall	ADV
ftr-323	1119	49	in	in	ADP
ftr-323	1119	50	2011	2011	NUM
ftr-323	1119	51	-	-	SYM
ftr-323	1119	52	2012	2012	NUM
ftr-323	1119	53	,	,	PUNCT
ftr-323	1119	54	and	and	CCONJ
ftr-323	1119	55	seventh	seventh	ADJ
ftr-323	1119	56	overall	overall	ADV
ftr-323	1119	57	in	in	ADP
ftr-323	1119	58	2012	2012	NUM
ftr-323	1119	59	-	-	SYM
ftr-323	1119	60	2013	2013	NUM
ftr-323	1119	61	.	.	PUNCT
ftr-323	1120	1	i	i	PRON
ftr-323	1120	2	d.	d.	PROPN
ftr-323	1120	3	at	at	ADP
ftr-323	1120	4	359	359	NUM
ftr-323	1120	5	(	(	PUNCT
ftr-323	1120	6	for	for	ADP
ftr-323	1120	7	u.s	u.s	PROPN
ftr-323	1120	8	.	.	PROPN
ftr-323	1120	9	rankings	ranking	NOUN
ftr-323	1120	10	after	after	ADP
ftr-323	1120	11	the	the	DET
ftr-323	1120	12	2010	2010	NUM
ftr-323	1120	13	-	-	SYM
ftr-323	1120	14	2011	2011	NUM
ftr-323	1120	15	report	report	NOUN
ftr-323	1120	16	)	)	PUNCT
ftr-323	1120	17	;	;	PUNCT
ftr-323	1120	18	world	world	PROPN
ftr-323	1120	19	economic	economic	PROPN
ftr-323	1120	20	forum	forum	PROPN
ftr-323	1120	21	,	,	PUNCT
ftr-323	1120	22	the	the	DET
ftr-323	1120	23	global	global	ADJ
ftr-323	1120	24	competitiveness	competitiveness	NOUN
ftr-323	1120	25	report	report	NOUN
ftr-323	1120	26	:	:	PUNCT
ftr-323	1120	27	2009	2009	NUM
ftr-323	1120	28	-	-	SYM
ftr-323	1120	29	2010	2010	NUM
ftr-323	1120	30	,	,	PUNCT
ftr-323	1120	31	at	at	ADP
ftr-323	1120	32	320	320	NUM
ftr-323	1120	33	(	(	PUNCT
ftr-323	1120	34	klaus	klaus	PROPN
ftr-323	1120	35	schwab	schwab	PROPN
ftr-323	1120	36	ed	ed	NOUN
ftr-323	1120	37	.	.	PROPN
ftr-323	1120	38	,	,	PUNCT
ftr-323	1120	39	2009	2009	NUM
ftr-323	1120	40	)	)	PUNCT
ftr-323	1120	41	(	(	PUNCT
ftr-323	1120	42	for	for	ADP
ftr-323	1120	43	u.s	u.s	PROPN
ftr-323	1120	44	.	.	PROPN
ftr-323	1120	45	rankings	ranking	NOUN
ftr-323	1120	46	prior	prior	ADV
ftr-323	1120	47	to	to	ADP
ftr-323	1120	48	the	the	DET
ftr-323	1120	49	2010	2010	NUM
ftr-323	1120	50	-	-	SYM
ftr-323	1120	51	2011	2011	NUM
ftr-323	1120	52	report	report	NOUN
ftr-323	1120	53	)	)	PUNCT
ftr-323	1120	54	;	;	PUNCT
ftr-323	1120	55	see	see	VERB
ftr-323	1120	56	also	also	ADV
ftr-323	1120	57	staff	staff	NOUN
ftr-323	1120	58	of	of	ADP
ftr-323	1120	59	joint	joint	ADJ
ftr-323	1120	60	comm	comm	NOUN
ftr-323	1120	61	.	.	PUNCT
ftr-323	1120	62	,	,	PUNCT
ftr-323	1120	63	taxation	taxation	NOUN
ftr-323	1120	64	of	of	ADP
ftr-323	1120	65	cross	cross	ADJ
ftr-323	1120	66	-	-	ADJ
ftr-323	1120	67	border	border	ADJ
ftr-323	1120	68	income	income	NOUN
ftr-323	1120	69	,	,	PUNCT
ftr-323	1120	70	supra	supra	PROPN
ftr-323	1120	71	note	note	VERB
ftr-323	1120	72	146	146	NUM
ftr-323	1120	73	,	,	PUNCT
ftr-323	1120	74	at	at	ADP
ftr-323	1120	75	88	88	NUM
ftr-323	1120	76	.	.	PUNCT
ftr-323	1121	1	194	194	NUM
ftr-323	1121	2	.	.	PUNCT
ftr-323	1122	1	see	see	VERB
ftr-323	1122	2	,	,	PUNCT
ftr-323	1122	3	e.g.	e.g.	ADV
ftr-323	1122	4	,	,	PUNCT
ftr-323	1122	5	bret	bret	PROPN
ftr-323	1122	6	wells	wells	PROPN
ftr-323	1122	7	,	,	PUNCT
ftr-323	1122	8	what	what	PRON
ftr-323	1122	9	corporate	corporate	ADJ
ftr-323	1122	10	inversions	inversion	NOUN
ftr-323	1122	11	teach	teach	VERB
ftr-323	1122	12	about	about	ADP
ftr-323	1122	13	international	international	ADJ
ftr-323	1122	14	tax	tax	NOUN
ftr-323	1122	15	reform	reform	NOUN
ftr-323	1122	16	,	,	PUNCT
ftr-323	1122	17	127	127	NUM
ftr-323	1122	18	tax	tax	NOUN
ftr-323	1122	19	notes	note	NOUN
ftr-323	1122	20	1345	1345	NUM
ftr-323	1122	21	(	(	PUNCT
ftr-323	1122	22	june	june	PROPN
ftr-323	1122	23	21	21	NUM
ftr-323	1122	24	,	,	PUNCT
ftr-323	1122	25	2010	2010	NUM
ftr-323	1122	26	)	)	PUNCT
ftr-323	1122	27	.	.	PUNCT
ftr-323	1123	1	195	195	NUM
ftr-323	1123	2	.	.	PUNCT
ftr-323	1123	3	harry	harry	PROPN
ftr-323	1123	4	grubert	grubert	PROPN
ftr-323	1123	5	,	,	PUNCT
ftr-323	1123	6	foreign	foreign	ADJ
ftr-323	1123	7	taxes	taxis	NOUN
ftr-323	1123	8	and	and	CCONJ
ftr-323	1123	9	the	the	DET
ftr-323	1123	10	growing	grow	VERB
ftr-323	1123	11	share	share	NOUN
ftr-323	1123	12	of	of	ADP
ftr-323	1123	13	u.s	u.s	PROPN
ftr-323	1123	14	.	.	PROPN
ftr-323	1123	15	multinational	multinational	ADJ
ftr-323	1123	16	company	company	NOUN
ftr-323	1123	17	income	income	NOUN
ftr-323	1123	18	abroad	abroad	ADV
ftr-323	1123	19	:	:	PUNCT
ftr-323	1123	20	profits	profit	NOUN
ftr-323	1123	21	,	,	PUNCT
ftr-323	1123	22	not	not	PART
ftr-323	1123	23	sales	sale	NOUN
ftr-323	1123	24	,	,	PUNCT
ftr-323	1123	25	are	be	AUX
ftr-323	1123	26	being	be	AUX
ftr-323	1123	27	globalized	globalize	VERB
ftr-323	1123	28	,	,	PUNCT
ftr-323	1123	29	65	65	NUM
ftr-323	1123	30	nat’l	nat’l	NOUN
ftr-323	1123	31	tax	tax	NOUN
ftr-323	1123	32	j.	j.	PROPN
ftr-323	1123	33	247	247	PROPN
ftr-323	1123	34	,	,	PUNCT
ftr-323	1123	35	268	268	NUM
ftr-323	1123	36	(	(	PUNCT
ftr-323	1123	37	2012	2012	NUM
ftr-323	1123	38	)	)	PUNCT
ftr-323	1124	1	[	[	X
ftr-323	1124	2	hereinafter	hereinafter	NOUN
ftr-323	1124	3	grubert	grubert	NOUN
ftr-323	1124	4	,	,	PUNCT
ftr-323	1124	5	foreign	foreign	ADJ
ftr-323	1124	6	taxes	taxis	NOUN
ftr-323	1124	7	]	]	PUNCT
ftr-323	1124	8	.	.	PUNCT
ftr-323	1125	1	196	196	NUM
ftr-323	1125	2	.	.	PUNCT
ftr-323	1126	1	i	i	PRON
ftr-323	1126	2	d.	d.	PROPN
ftr-323	1126	3	at	at	ADP
ftr-323	1126	4	257	257	NUM
ftr-323	1126	5	.	.	PUNCT
ftr-323	1127	1	458	458	NUM
ftr-323	1127	2	florida	florida	PROPN
ftr-323	1127	3	tax	tax	NOUN
ftr-323	1127	4	review	review	NOUN
ftr-323	1127	5	[	[	X
ftr-323	1127	6	vol	vol	NOUN
ftr-323	1127	7	.	.	PUNCT
ftr-323	1128	1	13:8	13:8	NUM
ftr-323	1128	2	off	off	ADP
ftr-323	1128	3	,	,	PUNCT
ftr-323	1128	4	if	if	SCONJ
ftr-323	1128	5	it	it	PRON
ftr-323	1128	6	taxes	tax	VERB
ftr-323	1128	7	foreign	foreign	ADJ
ftr-323	1128	8	and	and	CCONJ
ftr-323	1128	9	domestic	domestic	ADJ
ftr-323	1128	10	investments	investment	NOUN
ftr-323	1128	11	by	by	ADP
ftr-323	1128	12	its	its	PRON
ftr-323	1128	13	firms	firm	NOUN
ftr-323	1128	14	at	at	ADP
ftr-323	1128	15	the	the	DET
ftr-323	1128	16	same	same	ADJ
ftr-323	1128	17	rate	rate	NOUN
ftr-323	1128	18	,	,	PUNCT
ftr-323	1128	19	even	even	ADV
ftr-323	1128	20	if	if	SCONJ
ftr-323	1128	21	other	other	ADJ
ftr-323	1128	22	countries	country	NOUN
ftr-323	1128	23	do	do	AUX
ftr-323	1128	24	not.197	not.197	VERB
ftr-323	1128	25	finally	finally	ADV
ftr-323	1128	26	,	,	PUNCT
ftr-323	1128	27	even	even	ADV
ftr-323	1128	28	if	if	SCONJ
ftr-323	1128	29	there	there	PRON
ftr-323	1128	30	was	be	VERB
ftr-323	1128	31	a	a	DET
ftr-323	1128	32	convincing	convincing	ADJ
ftr-323	1128	33	demonstration	demonstration	NOUN
ftr-323	1128	34	that	that	SCONJ
ftr-323	1128	35	u.s	u.s	PROPN
ftr-323	1128	36	.	.	PROPN
ftr-323	1128	37	multinational	multinational	ADJ
ftr-323	1128	38	corporations	corporation	NOUN
ftr-323	1128	39	needed	need	VERB
ftr-323	1128	40	a	a	DET
ftr-323	1128	41	publicly	publicly	ADV
ftr-323	1128	42	funded	fund	VERB
ftr-323	1128	43	subsidy	subsidy	NOUN
ftr-323	1128	44	,	,	PUNCT
ftr-323	1128	45	this	this	DET
ftr-323	1128	46	need	need	NOUN
ftr-323	1128	47	should	should	AUX
ftr-323	1128	48	be	be	AUX
ftr-323	1128	49	required	require	VERB
ftr-323	1128	50	to	to	PART
ftr-323	1128	51	undergo	undergo	VERB
ftr-323	1128	52	a	a	DET
ftr-323	1128	53	cost	cost	NOUN
ftr-323	1128	54	/	/	SYM
ftr-323	1128	55	benefit	benefit	NOUN
ftr-323	1128	56	analysis	analysis	NOUN
ftr-323	1128	57	in	in	ADP
ftr-323	1128	58	which	which	PRON
ftr-323	1128	59	it	it	PRON
ftr-323	1128	60	competes	compete	VERB
ftr-323	1128	61	against	against	ADP
ftr-323	1128	62	other	other	ADJ
ftr-323	1128	63	salutary	salutary	ADJ
ftr-323	1128	64	uses	use	NOUN
ftr-323	1128	65	for	for	ADP
ftr-323	1128	66	the	the	DET
ftr-323	1128	67	currently	currently	ADV
ftr-323	1128	68	inadequate	inadequate	ADJ
ftr-323	1128	69	u.s	u.s	PROPN
ftr-323	1128	70	.	.	PROPN
ftr-323	1128	71	revenue	revenue	NOUN
ftr-323	1128	72	stream	stream	NOUN
ftr-323	1128	73	.	.	PUNCT
ftr-323	1129	1	this	this	PRON
ftr-323	1129	2	has	have	AUX
ftr-323	1129	3	never	never	ADV
ftr-323	1129	4	happened	happen	VERB
ftr-323	1129	5	.	.	PUNCT
ftr-323	1130	1	x.	x.	NOUN
ftr-323	1130	2	conclusion	conclusion	VERB
ftr-323	1130	3	the	the	DET
ftr-323	1130	4	thrust	thrust	NOUN
ftr-323	1130	5	of	of	ADP
ftr-323	1130	6	this	this	DET
ftr-323	1130	7	article	article	NOUN
ftr-323	1130	8	has	have	AUX
ftr-323	1130	9	been	be	AUX
ftr-323	1130	10	to	to	PART
ftr-323	1130	11	argue	argue	VERB
ftr-323	1130	12	that	that	SCONJ
ftr-323	1130	13	if	if	SCONJ
ftr-323	1130	14	the	the	DET
ftr-323	1130	15	united	united	PROPN
ftr-323	1130	16	states	states	PROPN
ftr-323	1130	17	decides	decide	VERB
ftr-323	1130	18	to	to	PART
ftr-323	1130	19	replace	replace	VERB
ftr-323	1130	20	its	its	PRON
ftr-323	1130	21	current	current	ADJ
ftr-323	1130	22	crippled	crippled	ADJ
ftr-323	1130	23	international	international	ADJ
ftr-323	1130	24	income	income	NOUN
ftr-323	1130	25	tax	tax	NOUN
ftr-323	1130	26	regime	regime	NOUN
ftr-323	1130	27	with	with	ADP
ftr-323	1130	28	an	an	DET
ftr-323	1130	29	exemption	exemption	NOUN
ftr-323	1130	30	or	or	CCONJ
ftr-323	1130	31	territorial	territorial	ADJ
ftr-323	1130	32	system	system	NOUN
ftr-323	1130	33	,	,	PUNCT
ftr-323	1130	34	then	then	ADV
ftr-323	1130	35	the	the	DET
ftr-323	1130	36	policy	policy	NOUN
ftr-323	1130	37	discussion	discussion	NOUN
ftr-323	1130	38	needs	need	VERB
ftr-323	1130	39	to	to	PART
ftr-323	1130	40	be	be	AUX
ftr-323	1130	41	fundamentally	fundamentally	ADV
ftr-323	1130	42	reframed	reframe	VERB
ftr-323	1130	43	.	.	PUNCT
ftr-323	1131	1	to	to	PART
ftr-323	1131	2	be	be	AUX
ftr-323	1131	3	specific	specific	ADJ
ftr-323	1131	4	,	,	PUNCT
ftr-323	1131	5	in	in	ADP
ftr-323	1131	6	preceding	precede	VERB
ftr-323	1131	7	portions	portion	NOUN
ftr-323	1131	8	of	of	ADP
ftr-323	1131	9	this	this	DET
ftr-323	1131	10	article	article	NOUN
ftr-323	1131	11	we	we	PRON
ftr-323	1131	12	have	have	AUX
ftr-323	1131	13	pointed	point	VERB
ftr-323	1131	14	out	out	ADP
ftr-323	1131	15	that	that	SCONJ
ftr-323	1131	16	the	the	DET
ftr-323	1131	17	united	united	PROPN
ftr-323	1131	18	states	states	PROPN
ftr-323	1131	19	is	be	AUX
ftr-323	1131	20	in	in	ADP
ftr-323	1131	21	a	a	DET
ftr-323	1131	22	serious	serious	ADJ
ftr-323	1131	23	revenue	revenue	NOUN
ftr-323	1131	24	bind	bind	NOUN
ftr-323	1131	25	and	and	CCONJ
ftr-323	1131	26	that	that	SCONJ
ftr-323	1131	27	replacing	replace	VERB
ftr-323	1131	28	the	the	DET
ftr-323	1131	29	badly	badly	ADV
ftr-323	1131	30	flawed	flawed	ADJ
ftr-323	1131	31	u.s	u.s	PROPN
ftr-323	1131	32	.	.	PROPN
ftr-323	1131	33	international	international	ADJ
ftr-323	1131	34	income	income	NOUN
ftr-323	1131	35	tax	tax	NOUN
ftr-323	1131	36	system	system	NOUN
ftr-323	1131	37	with	with	ADP
ftr-323	1131	38	an	an	DET
ftr-323	1131	39	exemption	exemption	NOUN
ftr-323	1131	40	or	or	CCONJ
ftr-323	1131	41	territorial	territorial	ADJ
ftr-323	1131	42	system	system	NOUN
ftr-323	1131	43	would	would	AUX
ftr-323	1131	44	likely	likely	ADV
ftr-323	1131	45	gain	gain	VERB
ftr-323	1131	46	much	much	ADV
ftr-323	1131	47	-	-	PUNCT
ftr-323	1131	48	needed	need	VERB
ftr-323	1131	49	revenue	revenue	NOUN
ftr-323	1131	50	for	for	ADP
ftr-323	1131	51	the	the	DET
ftr-323	1131	52	treasury	treasury	NOUN
ftr-323	1131	53	if	if	SCONJ
ftr-323	1131	54	the	the	DET
ftr-323	1131	55	replacement	replacement	NOUN
ftr-323	1131	56	system	system	NOUN
ftr-323	1131	57	were	be	AUX
ftr-323	1131	58	properly	properly	ADV
ftr-323	1131	59	structured	structure	VERB
ftr-323	1131	60	.	.	PUNCT
ftr-323	1132	1	we	we	PRON
ftr-323	1132	2	have	have	AUX
ftr-323	1132	3	also	also	ADV
ftr-323	1132	4	identified	identify	VERB
ftr-323	1132	5	the	the	DET
ftr-323	1132	6	following	follow	VERB
ftr-323	1132	7	design	design	NOUN
ftr-323	1132	8	characteristics	characteristic	NOUN
ftr-323	1132	9	that	that	SCONJ
ftr-323	1132	10	the	the	DET
ftr-323	1132	11	replacement	replacement	NOUN
ftr-323	1132	12	system	system	NOUN
ftr-323	1132	13	must	must	AUX
ftr-323	1132	14	have	have	VERB
ftr-323	1132	15	in	in	ADP
ftr-323	1132	16	order	order	NOUN
ftr-323	1132	17	to	to	PART
ftr-323	1132	18	fulfill	fulfill	VERB
ftr-323	1132	19	its	its	PRON
ftr-323	1132	20	revenue	revenue	NOUN
ftr-323	1132	21	potential	potential	NOUN
ftr-323	1132	22	:	:	PUNCT
ftr-323	1132	23	1	1	X
ftr-323	1132	24	.	.	X
ftr-323	1132	25	a	a	DET
ftr-323	1132	26	robust	robust	ADJ
ftr-323	1132	27	subject	subject	NOUN
ftr-323	1132	28	-	-	PUNCT
ftr-323	1132	29	to	to	ADP
ftr-323	1132	30	-	-	PUNCT
ftr-323	1132	31	tax	tax	NOUN
ftr-323	1132	32	requirement	requirement	NOUN
ftr-323	1132	33	and	and	CCONJ
ftr-323	1132	34	continued	continue	VERB
ftr-323	1132	35	current	current	ADJ
ftr-323	1132	36	taxation	taxation	NOUN
ftr-323	1132	37	of	of	ADP
ftr-323	1132	38	passive	passive	ADJ
ftr-323	1132	39	and	and	CCONJ
ftr-323	1132	40	mobile	mobile	ADJ
ftr-323	1132	41	income	income	NOUN
ftr-323	1132	42	under	under	ADP
ftr-323	1132	43	an	an	DET
ftr-323	1132	44	updated	update	VERB
ftr-323	1132	45	subpart	subpart	NOUN
ftr-323	1132	46	f	f	PROPN
ftr-323	1132	47	regime	regime	NOUN
ftr-323	1132	48	;	;	PUNCT
ftr-323	1132	49	2	2	NUM
ftr-323	1132	50	.	.	X
ftr-323	1132	51	disqualification	disqualification	NOUN
ftr-323	1132	52	from	from	ADP
ftr-323	1132	53	exemption	exemption	NOUN
ftr-323	1132	54	for	for	ADP
ftr-323	1132	55	royalties	royalty	NOUN
ftr-323	1132	56	,	,	PUNCT
ftr-323	1132	57	interest	interest	NOUN
ftr-323	1132	58	,	,	PUNCT
ftr-323	1132	59	services	service	NOUN
ftr-323	1132	60	payments	payment	NOUN
ftr-323	1132	61	,	,	PUNCT
ftr-323	1132	62	and	and	CCONJ
ftr-323	1132	63	other	other	ADJ
ftr-323	1132	64	foreign	foreign	ADJ
ftr-323	1132	65	-	-	PUNCT
ftr-323	1132	66	source	source	NOUN
ftr-323	1132	67	items	item	NOUN
ftr-323	1132	68	that	that	PRON
ftr-323	1132	69	do	do	AUX
ftr-323	1132	70	not	not	PART
ftr-323	1132	71	bear	bear	VERB
ftr-323	1132	72	a	a	DET
ftr-323	1132	73	significant	significant	ADJ
ftr-323	1132	74	foreign	foreign	ADJ
ftr-323	1132	75	tax	tax	NOUN
ftr-323	1132	76	;	;	PUNCT
ftr-323	1132	77	3	3	X
ftr-323	1132	78	.	.	X
ftr-323	1132	79	elimination	elimination	NOUN
ftr-323	1132	80	of	of	ADP
ftr-323	1132	81	the	the	DET
ftr-323	1132	82	current	current	ADJ
ftr-323	1132	83	tax	tax	NOUN
ftr-323	1132	84	exemption	exemption	NOUN
ftr-323	1132	85	for	for	ADP
ftr-323	1132	86	50	50	NUM
ftr-323	1132	87	percent	percent	NOUN
ftr-323	1132	88	of	of	ADP
ftr-323	1132	89	the	the	DET
ftr-323	1132	90	income	income	NOUN
ftr-323	1132	91	from	from	ADP
ftr-323	1132	92	u.s	u.s	PROPN
ftr-323	1132	93	.	.	PROPN
ftr-323	1132	94	export	export	NOUN
ftr-323	1132	95	sales	sale	NOUN
ftr-323	1132	96	;	;	PUNCT
ftr-323	1132	97	4	4	X
ftr-323	1132	98	.	.	X
ftr-323	1133	1	allocation	allocation	NOUN
ftr-323	1133	2	of	of	ADP
ftr-323	1133	3	domestic	domestic	ADJ
ftr-323	1133	4	expenses	expense	NOUN
ftr-323	1133	5	to	to	ADP
ftr-323	1133	6	foreignsource	foreignsource	VERB
ftr-323	1133	7	exempt	exempt	ADJ
ftr-323	1133	8	income	income	NOUN
ftr-323	1133	9	in	in	ADP
ftr-323	1133	10	a	a	DET
ftr-323	1133	11	more	more	ADV
ftr-323	1133	12	realistic	realistic	ADJ
ftr-323	1133	13	way	way	NOUN
ftr-323	1133	14	than	than	ADP
ftr-323	1133	15	an	an	DET
ftr-323	1133	16	inadequate	inadequate	ADJ
ftr-323	1133	17	5	5	NUM
ftr-323	1133	18	percent	percent	NOUN
ftr-323	1133	19	“	"	PUNCT
ftr-323	1133	20	haircut	haircut	ADJ
ftr-323	1133	21	;	;	PUNCT
ftr-323	1133	22	”	"	PUNCT
ftr-323	1133	23	and	and	CCONJ
ftr-323	1133	24	5	5	NUM
ftr-323	1133	25	.	.	X
ftr-323	1133	26	a	a	DET
ftr-323	1133	27	prohibition	prohibition	NOUN
ftr-323	1133	28	against	against	ADP
ftr-323	1133	29	deducting	deduct	VERB
ftr-323	1133	30	foreign	foreign	ADJ
ftr-323	1133	31	losses	loss	NOUN
ftr-323	1133	32	from	from	ADP
ftr-323	1133	33	u.s.-source	u.s.-source	ADJ
ftr-323	1133	34	income	income	NOUN
ftr-323	1133	35	.	.	PUNCT
ftr-323	1134	1	as	as	SCONJ
ftr-323	1134	2	we	we	PRON
ftr-323	1134	3	have	have	AUX
ftr-323	1134	4	explained	explain	VERB
ftr-323	1134	5	in	in	ADP
ftr-323	1134	6	earlier	early	ADJ
ftr-323	1134	7	parts	part	NOUN
ftr-323	1134	8	of	of	ADP
ftr-323	1134	9	this	this	DET
ftr-323	1134	10	article	article	NOUN
ftr-323	1134	11	,	,	PUNCT
ftr-323	1134	12	a	a	DET
ftr-323	1134	13	territorial	territorial	ADJ
ftr-323	1134	14	system	system	NOUN
ftr-323	1134	15	that	that	PRON
ftr-323	1134	16	lacks	lack	VERB
ftr-323	1134	17	these	these	DET
ftr-323	1134	18	features	feature	NOUN
ftr-323	1134	19	would	would	AUX
ftr-323	1134	20	exceed	exceed	VERB
ftr-323	1134	21	the	the	DET
ftr-323	1134	22	international	international	ADJ
ftr-323	1134	23	law	law	NOUN
ftr-323	1134	24	obligation	obligation	NOUN
ftr-323	1134	25	of	of	ADP
ftr-323	1134	26	the	the	DET
ftr-323	1134	27	united	united	PROPN
ftr-323	1134	28	states	states	PROPN
ftr-323	1134	29	to	to	PART
ftr-323	1134	30	alleviate	alleviate	VERB
ftr-323	1134	31	international	international	ADJ
ftr-323	1134	32	double	double	ADJ
ftr-323	1134	33	taxation	taxation	NOUN
ftr-323	1134	34	suffered	suffer	VERB
ftr-323	1134	35	by	by	ADP
ftr-323	1134	36	u.s	u.s	PROPN
ftr-323	1134	37	.	.	PROPN
ftr-323	1134	38	residents	resident	NOUN
ftr-323	1134	39	,	,	PUNCT
ftr-323	1134	40	and	and	CCONJ
ftr-323	1134	41	to	to	ADP
ftr-323	1134	42	that	that	DET
ftr-323	1134	43	extent	extent	NOUN
ftr-323	1134	44	the	the	DET
ftr-323	1134	45	united	united	PROPN
ftr-323	1134	46	states	states	PROPN
ftr-323	1134	47	would	would	AUX
ftr-323	1134	48	simply	simply	ADV
ftr-323	1134	49	197	197	NUM
ftr-323	1134	50	.	.	PUNCT
ftr-323	1135	1	gravelle	gravelle	NOUN
ftr-323	1135	2	,	,	PUNCT
ftr-323	1135	3	options	option	NOUN
ftr-323	1135	4	and	and	CCONJ
ftr-323	1135	5	challenges	challenge	NOUN
ftr-323	1135	6	,	,	PUNCT
ftr-323	1135	7	supra	supra	PROPN
ftr-323	1135	8	note	note	NOUN
ftr-323	1135	9	151	151	NUM
ftr-323	1135	10	,	,	PUNCT
ftr-323	1135	11	at	at	ADP
ftr-323	1135	12	17	17	NUM
ftr-323	1135	13	;	;	PUNCT
ftr-323	1135	14	see	see	VERB
ftr-323	1135	15	also	also	ADV
ftr-323	1135	16	eric	eric	PROPN
ftr-323	1135	17	toder	toder	PROPN
ftr-323	1135	18	,	,	PUNCT
ftr-323	1135	19	international	international	ADJ
ftr-323	1135	20	competitiveness	competitiveness	NOUN
ftr-323	1135	21	:	:	PUNCT
ftr-323	1135	22	who	who	PRON
ftr-323	1135	23	competes	compete	VERB
ftr-323	1135	24	against	against	ADP
ftr-323	1135	25	whom	whom	PRON
ftr-323	1135	26	and	and	CCONJ
ftr-323	1135	27	for	for	ADP
ftr-323	1135	28	what	what	PRON
ftr-323	1135	29	?	?	PUNCT
ftr-323	1135	30	,	,	PUNCT
ftr-323	1135	31	65	65	NUM
ftr-323	1135	32	tax	tax	NOUN
ftr-323	1135	33	l.	l.	PROPN
ftr-323	1135	34	rev	rev	PROPN
ftr-323	1135	35	.	.	PROPN
ftr-323	1135	36	505	505	NUM
ftr-323	1135	37	,	,	PUNCT
ftr-323	1135	38	507–08	507–08	NUM
ftr-323	1135	39	,	,	PUNCT
ftr-323	1135	40	532–34	532–34	NUM
ftr-323	1135	41	(	(	PUNCT
ftr-323	1135	42	2012	2012	NUM
ftr-323	1135	43	)	)	PUNCT
ftr-323	1135	44	.	.	PUNCT
ftr-323	1136	1	2012	2012	NUM
ftr-323	1136	2	]	]	PUNCT
ftr-323	1136	3	exemption	exemption	NOUN
ftr-323	1136	4	when	when	SCONJ
ftr-323	1136	5	the	the	DET
ftr-323	1136	6	treasury	treasury	NOUN
ftr-323	1136	7	is	be	AUX
ftr-323	1136	8	empty	empty	ADJ
ftr-323	1136	9	459	459	NUM
ftr-323	1136	10	be	be	AUX
ftr-323	1136	11	engaging	engage	VERB
ftr-323	1136	12	in	in	ADP
ftr-323	1136	13	the	the	DET
ftr-323	1136	14	transfer	transfer	NOUN
ftr-323	1136	15	of	of	ADP
ftr-323	1136	16	scarce	scarce	ADJ
ftr-323	1136	17	revenue	revenue	NOUN
ftr-323	1136	18	to	to	ADP
ftr-323	1136	19	the	the	DET
ftr-323	1136	20	u.s	u.s	PROPN
ftr-323	1136	21	.	.	PROPN
ftr-323	1136	22	multinational	multinational	ADJ
ftr-323	1136	23	community	community	NOUN
ftr-323	1136	24	.	.	PUNCT
ftr-323	1137	1	the	the	DET
ftr-323	1137	2	response	response	NOUN
ftr-323	1137	3	of	of	ADP
ftr-323	1137	4	territoriality	territoriality	NOUN
ftr-323	1137	5	advocates	advocate	NOUN
ftr-323	1137	6	is	be	AUX
ftr-323	1137	7	that	that	SCONJ
ftr-323	1137	8	providing	provide	VERB
ftr-323	1137	9	relief	relief	NOUN
ftr-323	1137	10	from	from	ADP
ftr-323	1137	11	double	double	ADJ
ftr-323	1137	12	taxation	taxation	NOUN
ftr-323	1137	13	is	be	AUX
ftr-323	1137	14	only	only	ADV
ftr-323	1137	15	an	an	DET
ftr-323	1137	16	incidental	incidental	ADJ
ftr-323	1137	17	consideration	consideration	NOUN
ftr-323	1137	18	with	with	ADP
ftr-323	1137	19	respect	respect	NOUN
ftr-323	1137	20	to	to	ADP
ftr-323	1137	21	adoption	adoption	NOUN
ftr-323	1137	22	of	of	ADP
ftr-323	1137	23	a	a	DET
ftr-323	1137	24	u.s	u.s	PROPN
ftr-323	1137	25	.	.	PROPN
ftr-323	1137	26	exemption	exemption	NOUN
ftr-323	1137	27	system	system	NOUN
ftr-323	1137	28	,	,	PUNCT
ftr-323	1137	29	that	that	SCONJ
ftr-323	1137	30	the	the	DET
ftr-323	1137	31	primary	primary	ADJ
ftr-323	1137	32	purpose	purpose	NOUN
ftr-323	1137	33	of	of	ADP
ftr-323	1137	34	such	such	DET
ftr-323	1137	35	a	a	DET
ftr-323	1137	36	system	system	NOUN
ftr-323	1137	37	is	be	AUX
ftr-323	1137	38	to	to	PART
ftr-323	1137	39	deliver	deliver	VERB
ftr-323	1137	40	a	a	DET
ftr-323	1137	41	competitive	competitive	ADJ
ftr-323	1137	42	assistance	assistance	NOUN
ftr-323	1137	43	subsidy	subsidy	NOUN
ftr-323	1137	44	to	to	ADP
ftr-323	1137	45	u.s	u.s	PROPN
ftr-323	1137	46	.	.	PROPN
ftr-323	1137	47	multinationals	multinational	NOUN
ftr-323	1137	48	,	,	PUNCT
ftr-323	1137	49	and	and	CCONJ
ftr-323	1137	50	that	that	DET
ftr-323	1137	51	design	design	NOUN
ftr-323	1137	52	features	feature	NOUN
ftr-323	1137	53	that	that	PRON
ftr-323	1137	54	would	would	AUX
ftr-323	1137	55	raise	raise	VERB
ftr-323	1137	56	revenue	revenue	NOUN
ftr-323	1137	57	are	be	AUX
ftr-323	1137	58	ipso	ipso	ADV
ftr-323	1137	59	facto	facto	X
ftr-323	1137	60	objectionable	objectionable	ADJ
ftr-323	1137	61	because	because	SCONJ
ftr-323	1137	62	they	they	PRON
ftr-323	1137	63	would	would	AUX
ftr-323	1137	64	curtail	curtail	VERB
ftr-323	1137	65	the	the	DET
ftr-323	1137	66	competitiveness	competitiveness	NOUN
ftr-323	1137	67	subsidy	subsidy	NOUN
ftr-323	1137	68	effect	effect	NOUN
ftr-323	1137	69	of	of	ADP
ftr-323	1137	70	a	a	DET
ftr-323	1137	71	u.s	u.s	PROPN
ftr-323	1137	72	.	.	PROPN
ftr-323	1137	73	exemption	exemption	NOUN
ftr-323	1137	74	system.198	system.198	NOUN
ftr-323	1137	75	this	this	DET
ftr-323	1137	76	response	response	NOUN
ftr-323	1137	77	is	be	AUX
ftr-323	1137	78	supplemented	supplement	VERB
ftr-323	1137	79	by	by	ADP
ftr-323	1137	80	the	the	DET
ftr-323	1137	81	argument	argument	NOUN
ftr-323	1137	82	that	that	SCONJ
ftr-323	1137	83	even	even	ADV
ftr-323	1137	84	if	if	SCONJ
ftr-323	1137	85	an	an	DET
ftr-323	1137	86	exemption	exemption	NOUN
ftr-323	1137	87	system	system	NOUN
ftr-323	1137	88	lacking	lack	VERB
ftr-323	1137	89	these	these	DET
ftr-323	1137	90	five	five	NUM
ftr-323	1137	91	critical	critical	ADJ
ftr-323	1137	92	design	design	NOUN
ftr-323	1137	93	features	feature	NOUN
ftr-323	1137	94	would	would	AUX
ftr-323	1137	95	exceed	exceed	VERB
ftr-323	1137	96	the	the	DET
ftr-323	1137	97	requirements	requirement	NOUN
ftr-323	1137	98	of	of	ADP
ftr-323	1137	99	international	international	ADJ
ftr-323	1137	100	law	law	NOUN
ftr-323	1137	101	,	,	PUNCT
ftr-323	1137	102	represent	represent	VERB
ftr-323	1137	103	bad	bad	ADJ
ftr-323	1137	104	tax	tax	NOUN
ftr-323	1137	105	policy	policy	NOUN
ftr-323	1137	106	,	,	PUNCT
ftr-323	1137	107	and	and	CCONJ
ftr-323	1137	108	lose	lose	VERB
ftr-323	1137	109	badly	badly	ADV
ftr-323	1137	110	needed	need	VERB
ftr-323	1137	111	revenue	revenue	NOUN
ftr-323	1137	112	,	,	PUNCT
ftr-323	1137	113	the	the	DET
ftr-323	1137	114	united	united	PROPN
ftr-323	1137	115	states	states	PROPN
ftr-323	1137	116	must	must	AUX
ftr-323	1137	117	,	,	PUNCT
ftr-323	1137	118	nevertheless	nevertheless	ADV
ftr-323	1137	119	,	,	PUNCT
ftr-323	1137	120	take	take	VERB
ftr-323	1137	121	that	that	DET
ftr-323	1137	122	path	path	NOUN
ftr-323	1137	123	because	because	SCONJ
ftr-323	1137	124	other	other	ADJ
ftr-323	1137	125	commercially	commercially	ADV
ftr-323	1137	126	important	important	ADJ
ftr-323	1137	127	countries	country	NOUN
ftr-323	1137	128	have	have	AUX
ftr-323	1137	129	done	do	VERB
ftr-323	1137	130	so	so	ADV
ftr-323	1137	131	.	.	PUNCT
ftr-323	1138	1	thus	thus	ADV
ftr-323	1138	2	,	,	PUNCT
ftr-323	1138	3	the	the	DET
ftr-323	1138	4	united	united	PROPN
ftr-323	1138	5	states	states	PROPN
ftr-323	1138	6	must	must	AUX
ftr-323	1138	7	mimic	mimic	VERB
ftr-323	1138	8	those	those	DET
ftr-323	1138	9	countries	country	NOUN
ftr-323	1138	10	and	and	CCONJ
ftr-323	1138	11	engage	engage	VERB
ftr-323	1138	12	in	in	ADP
ftr-323	1138	13	a	a	DET
ftr-323	1138	14	race	race	NOUN
ftr-323	1138	15	to	to	ADP
ftr-323	1138	16	the	the	DET
ftr-323	1138	17	bottom	bottom	NOUN
ftr-323	1138	18	so	so	SCONJ
ftr-323	1138	19	that	that	SCONJ
ftr-323	1138	20	its	its	PRON
ftr-323	1138	21	multinationals	multinational	NOUN
ftr-323	1138	22	can	can	AUX
ftr-323	1138	23	compete	compete	VERB
ftr-323	1138	24	on	on	ADP
ftr-323	1138	25	a	a	DET
ftr-323	1138	26	level	level	NOUN
ftr-323	1138	27	playing	play	VERB
ftr-323	1138	28	field.199	field.199	NOUN
ftr-323	1138	29	this	this	DET
ftr-323	1138	30	narrower	narrow	ADJ
ftr-323	1138	31	use	use	NOUN
ftr-323	1138	32	of	of	ADP
ftr-323	1138	33	the	the	DET
ftr-323	1138	34	competitiveness	competitiveness	NOUN
ftr-323	1138	35	argument	argument	NOUN
ftr-323	1138	36	has	have	VERB
ftr-323	1138	37	the	the	DET
ftr-323	1138	38	same	same	ADJ
ftr-323	1138	39	flaws	flaw	NOUN
ftr-323	1138	40	as	as	ADP
ftr-323	1138	41	its	its	PRON
ftr-323	1138	42	application	application	NOUN
ftr-323	1138	43	to	to	ADP
ftr-323	1138	44	the	the	DET
ftr-323	1138	45	more	more	ADV
ftr-323	1138	46	general	general	ADJ
ftr-323	1138	47	question	question	NOUN
ftr-323	1138	48	of	of	ADP
ftr-323	1138	49	whether	whether	SCONJ
ftr-323	1138	50	a	a	DET
ftr-323	1138	51	territorial	territorial	ADJ
ftr-323	1138	52	system	system	NOUN
ftr-323	1138	53	should	should	AUX
ftr-323	1138	54	be	be	AUX
ftr-323	1138	55	adopted	adopt	VERB
ftr-323	1138	56	as	as	ADP
ftr-323	1138	57	a	a	DET
ftr-323	1138	58	replacement	replacement	NOUN
ftr-323	1138	59	for	for	ADP
ftr-323	1138	60	the	the	DET
ftr-323	1138	61	current	current	ADJ
ftr-323	1138	62	u.s	u.s	PROPN
ftr-323	1138	63	.	.	PROPN
ftr-323	1138	64	international	international	ADJ
ftr-323	1138	65	taxation	taxation	NOUN
ftr-323	1138	66	regime	regime	NOUN
ftr-323	1138	67	.	.	PUNCT
ftr-323	1139	1	but	but	CCONJ
ftr-323	1139	2	even	even	ADV
ftr-323	1139	3	if	if	SCONJ
ftr-323	1139	4	one	one	NUM
ftr-323	1139	5	were	be	AUX
ftr-323	1139	6	to	to	PART
ftr-323	1139	7	credit	credit	VERB
ftr-323	1139	8	the	the	DET
ftr-323	1139	9	competitiveness	competitiveness	NOUN
ftr-323	1139	10	argument	argument	NOUN
ftr-323	1139	11	in	in	ADP
ftr-323	1139	12	this	this	DET
ftr-323	1139	13	more	more	ADV
ftr-323	1139	14	limited	limited	ADJ
ftr-323	1139	15	context	context	NOUN
ftr-323	1139	16	,	,	PUNCT
ftr-323	1139	17	it	it	PRON
ftr-323	1139	18	must	must	AUX
ftr-323	1139	19	be	be	AUX
ftr-323	1139	20	recognized	recognize	VERB
ftr-323	1139	21	that	that	SCONJ
ftr-323	1139	22	the	the	DET
ftr-323	1139	23	game	game	NOUN
ftr-323	1139	24	has	have	AUX
ftr-323	1139	25	changed	change	VERB
ftr-323	1139	26	.	.	PUNCT
ftr-323	1140	1	the	the	DET
ftr-323	1140	2	united	united	PROPN
ftr-323	1140	3	states	states	PROPN
ftr-323	1140	4	is	be	AUX
ftr-323	1140	5	in	in	ADP
ftr-323	1140	6	a	a	DET
ftr-323	1140	7	revenue	revenue	NOUN
ftr-323	1140	8	crisis	crisis	NOUN
ftr-323	1140	9	,	,	PUNCT
ftr-323	1140	10	and	and	CCONJ
ftr-323	1140	11	a	a	DET
ftr-323	1140	12	correctly	correctly	ADV
ftr-323	1140	13	designed	design	VERB
ftr-323	1140	14	territorial	territorial	ADJ
ftr-323	1140	15	system	system	NOUN
ftr-323	1140	16	would	would	AUX
ftr-323	1140	17	have	have	VERB
ftr-323	1140	18	the	the	DET
ftr-323	1140	19	twin	twin	ADJ
ftr-323	1140	20	virtues	virtue	NOUN
ftr-323	1140	21	of	of	ADP
ftr-323	1140	22	helping	help	VERB
ftr-323	1140	23	to	to	PART
ftr-323	1140	24	ease	ease	VERB
ftr-323	1140	25	that	that	DET
ftr-323	1140	26	crisis	crisis	NOUN
ftr-323	1140	27	while	while	SCONJ
ftr-323	1140	28	ensuring	ensure	VERB
ftr-323	1140	29	that	that	SCONJ
ftr-323	1140	30	the	the	DET
ftr-323	1140	31	united	united	PROPN
ftr-323	1140	32	states	states	PROPN
ftr-323	1140	33	satisfies	satisfy	VERB
ftr-323	1140	34	its	its	PRON
ftr-323	1140	35	international	international	ADJ
ftr-323	1140	36	law	law	NOUN
ftr-323	1140	37	obligation	obligation	NOUN
ftr-323	1140	38	.	.	PUNCT
ftr-323	1141	1	by	by	ADP
ftr-323	1141	2	contrast	contrast	NOUN
ftr-323	1141	3	,	,	PUNCT
ftr-323	1141	4	a	a	DET
ftr-323	1141	5	u.s	u.s	PROPN
ftr-323	1141	6	.	.	PROPN
ftr-323	1141	7	territorial	territorial	ADJ
ftr-323	1141	8	system	system	NOUN
ftr-323	1141	9	that	that	PRON
ftr-323	1141	10	lacks	lack	VERB
ftr-323	1141	11	the	the	DET
ftr-323	1141	12	five	five	NUM
ftr-323	1141	13	critical	critical	ADJ
ftr-323	1141	14	design	design	NOUN
ftr-323	1141	15	features	feature	NOUN
ftr-323	1141	16	described	describe	VERB
ftr-323	1141	17	in	in	ADP
ftr-323	1141	18	this	this	DET
ftr-323	1141	19	article	article	NOUN
ftr-323	1141	20	would	would	AUX
ftr-323	1141	21	amount	amount	VERB
ftr-323	1141	22	to	to	ADP
ftr-323	1141	23	a	a	DET
ftr-323	1141	24	tax	tax	NOUN
ftr-323	1141	25	expenditure	expenditure	NOUN
ftr-323	1141	26	that	that	PRON
ftr-323	1141	27	diverts	divert	VERB
ftr-323	1141	28	scarce	scarce	ADJ
ftr-323	1141	29	revenue	revenue	NOUN
ftr-323	1141	30	to	to	ADP
ftr-323	1141	31	the	the	DET
ftr-323	1141	32	benefit	benefit	NOUN
ftr-323	1141	33	of	of	ADP
ftr-323	1141	34	a	a	DET
ftr-323	1141	35	narrow	narrow	ADJ
ftr-323	1141	36	subset	subset	NOUN
ftr-323	1141	37	of	of	ADP
ftr-323	1141	38	u.s	u.s	PROPN
ftr-323	1141	39	.	.	PROPN
ftr-323	1141	40	taxpayers.200	taxpayers.200	PROPN
ftr-323	1141	41	198	198	NUM
ftr-323	1141	42	.	.	PUNCT
ftr-323	1142	1	see	see	VERB
ftr-323	1142	2	,	,	PUNCT
ftr-323	1142	3	e.g.	e.g.	ADV
ftr-323	1142	4	,	,	PUNCT
ftr-323	1142	5	barbara	barbara	PROPN
ftr-323	1142	6	angus	angus	PROPN
ftr-323	1142	7	,	,	PUNCT
ftr-323	1142	8	tom	tom	PROPN
ftr-323	1142	9	neubig	neubig	PROPN
ftr-323	1142	10	,	,	PUNCT
ftr-323	1142	11	eric	eric	PROPN
ftr-323	1142	12	solomon	solomon	PROPN
ftr-323	1142	13	&	&	CCONJ
ftr-323	1142	14	mark	mark	PROPN
ftr-323	1142	15	weinberger	weinberger	PROPN
ftr-323	1142	16	,	,	PUNCT
ftr-323	1142	17	the	the	DET
ftr-323	1142	18	u.s	u.s	PROPN
ftr-323	1142	19	.	.	PROPN
ftr-323	1142	20	international	international	ADJ
ftr-323	1142	21	tax	tax	NOUN
ftr-323	1142	22	system	system	NOUN
ftr-323	1142	23	at	at	ADP
ftr-323	1142	24	a	a	DET
ftr-323	1142	25	crossroads	crossroad	NOUN
ftr-323	1142	26	,	,	PUNCT
ftr-323	1142	27	127	127	NUM
ftr-323	1142	28	tax	tax	NOUN
ftr-323	1142	29	notes	note	NOUN
ftr-323	1142	30	45	45	NUM
ftr-323	1142	31	,	,	PUNCT
ftr-323	1142	32	59	59	NUM
ftr-323	1142	33	(	(	PUNCT
ftr-323	1142	34	apr	apr	PROPN
ftr-323	1142	35	.	.	PROPN
ftr-323	1142	36	5	5	NUM
ftr-323	1142	37	,	,	PUNCT
ftr-323	1142	38	2010	2010	NUM
ftr-323	1142	39	)	)	PUNCT
ftr-323	1142	40	(	(	PUNCT
ftr-323	1142	41	generally	generally	ADV
ftr-323	1142	42	objecting	object	VERB
ftr-323	1142	43	to	to	ADP
ftr-323	1142	44	a	a	DET
ftr-323	1142	45	subject	subject	VERB
ftr-323	1142	46	-	-	PUNCT
ftr-323	1142	47	to	to	ADP
ftr-323	1142	48	-	-	PUNCT
ftr-323	1142	49	tax	tax	NOUN
ftr-323	1142	50	requirement	requirement	NOUN
ftr-323	1142	51	)	)	PUNCT
ftr-323	1142	52	;	;	PUNCT
ftr-323	1142	53	olson	olson	NOUN
ftr-323	1142	54	,	,	PUNCT
ftr-323	1142	55	merrill	merrill	PROPN
ftr-323	1142	56	,	,	PUNCT
ftr-323	1142	57	mundaca	mundaca	PROPN
ftr-323	1142	58	,	,	PUNCT
ftr-323	1142	59	reilly	reilly	PROPN
ftr-323	1142	60	&	&	CCONJ
ftr-323	1142	61	spellings	spelling	NOUN
ftr-323	1142	62	,	,	PUNCT
ftr-323	1142	63	new	new	ADJ
ftr-323	1142	64	ground	ground	NOUN
ftr-323	1142	65	,	,	PUNCT
ftr-323	1142	66	supra	supra	PROPN
ftr-323	1142	67	note	note	NOUN
ftr-323	1142	68	23	23	NUM
ftr-323	1142	69	,	,	PUNCT
ftr-323	1142	70	at	at	ADP
ftr-323	1142	71	65	65	NUM
ftr-323	1142	72	(	(	PUNCT
ftr-323	1142	73	same	same	ADJ
ftr-323	1142	74	and	and	CCONJ
ftr-323	1142	75	also	also	ADV
ftr-323	1142	76	generally	generally	ADV
ftr-323	1142	77	objecting	object	VERB
ftr-323	1142	78	to	to	ADP
ftr-323	1142	79	a	a	DET
ftr-323	1142	80	territorial	territorial	ADJ
ftr-323	1142	81	regime	regime	NOUN
ftr-323	1142	82	that	that	PRON
ftr-323	1142	83	raises	raise	VERB
ftr-323	1142	84	revenue	revenue	NOUN
ftr-323	1142	85	)	)	PUNCT
ftr-323	1142	86	;	;	PUNCT
ftr-323	1142	87	see	see	VERB
ftr-323	1142	88	also	also	ADV
ftr-323	1142	89	martin	martin	PROPN
ftr-323	1142	90	a.	a.	PROPN
ftr-323	1142	91	sullivan	sullivan	PROPN
ftr-323	1142	92	,	,	PUNCT
ftr-323	1142	93	let	let	VERB
ftr-323	1142	94	’s	’s	PRON
ftr-323	1142	95	promote	promote	VERB
ftr-323	1142	96	the	the	DET
ftr-323	1142	97	competitiveness	competitiveness	NOUN
ftr-323	1142	98	of	of	ADP
ftr-323	1142	99	all	all	DET
ftr-323	1142	100	american	american	ADJ
ftr-323	1142	101	businesses	business	NOUN
ftr-323	1142	102	,	,	PUNCT
ftr-323	1142	103	133	133	NUM
ftr-323	1142	104	tax	tax	NOUN
ftr-323	1142	105	notes	note	NOUN
ftr-323	1142	106	1175	1175	NUM
ftr-323	1142	107	,	,	PUNCT
ftr-323	1142	108	1179	1179	NUM
ftr-323	1142	109	(	(	PUNCT
ftr-323	1142	110	dec	dec	PROPN
ftr-323	1142	111	.	.	PROPN
ftr-323	1142	112	5	5	NUM
ftr-323	1142	113	,	,	PUNCT
ftr-323	1142	114	2011	2011	NUM
ftr-323	1142	115	)	)	PUNCT
ftr-323	1143	1	[	[	X
ftr-323	1143	2	hereinafter	hereinafter	NOUN
ftr-323	1143	3	sullivan	sullivan	NOUN
ftr-323	1143	4	,	,	PUNCT
ftr-323	1143	5	promote	promote	VERB
ftr-323	1143	6	competitiveness	competitiveness	NOUN
ftr-323	1143	7	of	of	ADP
ftr-323	1143	8	all	all	PRON
ftr-323	1143	9	]	]	PUNCT
ftr-323	1143	10	(	(	PUNCT
ftr-323	1143	11	“	"	PUNCT
ftr-323	1143	12	u.s	u.s	PROPN
ftr-323	1143	13	.	.	PROPN
ftr-323	1143	14	multinationals	multinational	NOUN
ftr-323	1143	15	are	be	AUX
ftr-323	1143	16	not	not	PART
ftr-323	1143	17	interested	interested	ADJ
ftr-323	1143	18	in	in	ADP
ftr-323	1143	19	territorial	territorial	ADJ
ftr-323	1143	20	systems	system	NOUN
ftr-323	1143	21	.	.	PUNCT
ftr-323	1143	22	.	.	PUNCT
ftr-323	1143	23	.	.	PUNCT
ftr-323	1144	1	[	[	X
ftr-323	1144	2	that	that	DET
ftr-323	1144	3	effect	effect	NOUN
ftr-323	1144	4	]	]	PUNCT
ftr-323	1144	5	an	an	DET
ftr-323	1144	6	overall	overall	ADJ
ftr-323	1144	7	tax	tax	NOUN
ftr-323	1144	8	increase	increase	NOUN
ftr-323	1144	9	.	.	PUNCT
ftr-323	1145	1	nor	nor	CCONJ
ftr-323	1145	2	do	do	AUX
ftr-323	1145	3	u.s	u.s	PROPN
ftr-323	1145	4	.	.	PROPN
ftr-323	1145	5	multinationals	multinational	NOUN
ftr-323	1145	6	want	want	VERB
ftr-323	1145	7	a	a	DET
ftr-323	1145	8	territorial	territorial	ADJ
ftr-323	1145	9	system	system	NOUN
ftr-323	1145	10	that	that	PRON
ftr-323	1145	11	is	be	AUX
ftr-323	1145	12	revenue	revenue	NOUN
ftr-323	1145	13	neutral	neutral	ADJ
ftr-323	1145	14	relative	relative	ADJ
ftr-323	1145	15	to	to	ADP
ftr-323	1145	16	current	current	ADJ
ftr-323	1145	17	law	law	NOUN
ftr-323	1145	18	.	.	PUNCT
ftr-323	1146	1	they	they	PRON
ftr-323	1146	2	want	want	VERB
ftr-323	1146	3	a	a	DET
ftr-323	1146	4	territorial	territorial	ADJ
ftr-323	1146	5	system	system	NOUN
ftr-323	1146	6	that	that	PRON
ftr-323	1146	7	reduces	reduce	VERB
ftr-323	1146	8	their	their	PRON
ftr-323	1146	9	taxes	taxis	NOUN
ftr-323	1146	10	.	.	PUNCT
ftr-323	1146	11	”	"	PUNCT
ftr-323	1146	12	)	)	PUNCT
ftr-323	1146	13	.	.	PUNCT
ftr-323	1147	1	199	199	NUM
ftr-323	1147	2	.	.	PUNCT
ftr-323	1148	1	but	but	CCONJ
ftr-323	1148	2	see	see	VERB
ftr-323	1148	3	gravelle	gravelle	NOUN
ftr-323	1148	4	,	,	PUNCT
ftr-323	1148	5	options	option	NOUN
ftr-323	1148	6	and	and	CCONJ
ftr-323	1148	7	challenges	challenge	NOUN
ftr-323	1148	8	,	,	PUNCT
ftr-323	1148	9	supra	supra	PROPN
ftr-323	1148	10	note	note	NOUN
ftr-323	1148	11	151	151	NUM
ftr-323	1148	12	,	,	PUNCT
ftr-323	1148	13	at	at	ADP
ftr-323	1148	14	17	17	NUM
ftr-323	1148	15	(	(	PUNCT
ftr-323	1148	16	“	"	PUNCT
ftr-323	1148	17	[	[	X
ftr-323	1148	18	m]oving	m]ove	VERB
ftr-323	1148	19	to	to	ADP
ftr-323	1148	20	a	a	DET
ftr-323	1148	21	territorial	territorial	ADJ
ftr-323	1148	22	system	system	NOUN
ftr-323	1148	23	because	because	SCONJ
ftr-323	1148	24	other	other	ADJ
ftr-323	1148	25	countries	country	NOUN
ftr-323	1148	26	have	have	AUX
ftr-323	1148	27	generally	generally	ADV
ftr-323	1148	28	done	do	VERB
ftr-323	1148	29	so	so	ADV
ftr-323	1148	30	does	do	AUX
ftr-323	1148	31	not	not	PART
ftr-323	1148	32	mean	mean	VERB
ftr-323	1148	33	such	such	DET
ftr-323	1148	34	a	a	DET
ftr-323	1148	35	system	system	NOUN
ftr-323	1148	36	is	be	AUX
ftr-323	1148	37	desirable	desirable	ADJ
ftr-323	1148	38	either	either	CCONJ
ftr-323	1148	39	for	for	ADP
ftr-323	1148	40	them	they	PRON
ftr-323	1148	41	or	or	CCONJ
ftr-323	1148	42	for	for	ADP
ftr-323	1148	43	the	the	DET
ftr-323	1148	44	united	united	PROPN
ftr-323	1148	45	states	states	PROPN
ftr-323	1148	46	.	.	PUNCT
ftr-323	1148	47	”	"	PUNCT
ftr-323	1148	48	)	)	PUNCT
ftr-323	1148	49	.	.	PUNCT
ftr-323	1149	1	200	200	NUM
ftr-323	1149	2	.	.	PUNCT
ftr-323	1150	1	this	this	DET
ftr-323	1150	2	point	point	NOUN
ftr-323	1150	3	is	be	AUX
ftr-323	1150	4	roughly	roughly	ADV
ftr-323	1150	5	illustrated	illustrate	VERB
ftr-323	1150	6	by	by	ADP
ftr-323	1150	7	the	the	DET
ftr-323	1150	8	fact	fact	NOUN
ftr-323	1150	9	that	that	SCONJ
ftr-323	1150	10	approximately	approximately	ADV
ftr-323	1150	11	2,040,000	2,040,000	NUM
ftr-323	1150	12	c	c	NOUN
ftr-323	1150	13	corporation	corporation	NOUN
ftr-323	1150	14	returns	return	NOUN
ftr-323	1150	15	were	be	AUX
ftr-323	1150	16	filed	file	VERB
ftr-323	1150	17	for	for	ADP
ftr-323	1150	18	2004	2004	NUM
ftr-323	1150	19	.	.	PUNCT
ftr-323	1151	1	see	see	VERB
ftr-323	1151	2	staff	staff	NOUN
ftr-323	1151	3	of	of	ADP
ftr-323	1151	4	joint	joint	ADJ
ftr-323	1151	5	comm	comm	NOUN
ftr-323	1151	6	.	.	PUNCT
ftr-323	1152	1	on	on	ADP
ftr-323	1152	2	tax’n	tax’n	NUM
ftr-323	1152	3	,	,	PUNCT
ftr-323	1152	4	jcx-66	jcx-66	PROPN
ftr-323	1152	5	-	-	PUNCT
ftr-323	1152	6	12	12	NUM
ftr-323	1152	7	,	,	PUNCT
ftr-323	1152	8	selected	select	VERB
ftr-323	1152	9	issues	issue	NOUN
ftr-323	1152	10	relating	relate	VERB
ftr-323	1152	11	to	to	ADP
ftr-323	1152	12	choice	choice	NOUN
ftr-323	1152	13	of	of	ADP
ftr-323	1152	14	business	business	NOUN
ftr-323	1152	15	entity	entity	NOUN
ftr-323	1152	16	5	5	NUM
ftr-323	1152	17	(	(	PUNCT
ftr-323	1152	18	2012	2012	NUM
ftr-323	1152	19	)	)	PUNCT
ftr-323	1152	20	.	.	PUNCT
ftr-323	1153	1	however	however	ADV
ftr-323	1153	2	,	,	PUNCT
ftr-323	1153	3	about	about	ADV
ftr-323	1153	4	80	80	NUM
ftr-323	1153	5	percent	percent	NOUN
ftr-323	1153	6	of	of	ADP
ftr-323	1153	7	the	the	DET
ftr-323	1153	8	foreign	foreign	ADJ
ftr-323	1153	9	income	income	NOUN
ftr-323	1153	10	earned	earn	VERB
ftr-323	1153	11	that	that	DET
ftr-323	1153	12	year	year	NOUN
ftr-323	1153	13	by	by	ADP
ftr-323	1153	14	u.s	u.s	PROPN
ftr-323	1153	15	.	.	PROPN
ftr-323	1153	16	multinational	multinational	ADJ
ftr-323	1153	17	corporations	corporation	NOUN
ftr-323	1153	18	was	be	AUX
ftr-323	1153	19	earned	earn	VERB
ftr-323	1153	20	by	by	ADP
ftr-323	1153	21	fewer	few	ADJ
ftr-323	1153	22	than	than	ADP
ftr-323	1153	23	900	900	NUM
ftr-323	1153	24	corporations	corporation	NOUN
ftr-323	1153	25	.	.	PUNCT
ftr-323	1154	1	grubert	grubert	NOUN
ftr-323	1154	2	,	,	PUNCT
ftr-323	1154	3	460	460	NUM
ftr-323	1154	4	florida	florida	PROPN
ftr-323	1154	5	tax	tax	NOUN
ftr-323	1154	6	review	review	NOUN
ftr-323	1154	7	[	[	X
ftr-323	1154	8	vol	vol	NOUN
ftr-323	1154	9	.	.	PUNCT
ftr-323	1154	10	13:8	13:8	NUM
ftr-323	1154	11	in	in	ADP
ftr-323	1154	12	the	the	DET
ftr-323	1154	13	best	good	ADJ
ftr-323	1154	14	of	of	ADP
ftr-323	1154	15	times	time	NOUN
ftr-323	1154	16	,	,	PUNCT
ftr-323	1154	17	that	that	DET
ftr-323	1154	18	kind	kind	NOUN
ftr-323	1154	19	of	of	ADP
ftr-323	1154	20	tax	tax	NOUN
ftr-323	1154	21	expenditure	expenditure	NOUN
ftr-323	1154	22	should	should	AUX
ftr-323	1154	23	be	be	AUX
ftr-323	1154	24	required	require	VERB
ftr-323	1154	25	to	to	PART
ftr-323	1154	26	undergo	undergo	VERB
ftr-323	1154	27	a	a	DET
ftr-323	1154	28	rigorous	rigorous	ADJ
ftr-323	1154	29	cost	cost	NOUN
ftr-323	1154	30	/	/	SYM
ftr-323	1154	31	benefit	benefit	NOUN
ftr-323	1154	32	analysis	analysis	NOUN
ftr-323	1154	33	and	and	CCONJ
ftr-323	1154	34	be	be	AUX
ftr-323	1154	35	ranked	rank	VERB
ftr-323	1154	36	against	against	ADP
ftr-323	1154	37	other	other	ADJ
ftr-323	1154	38	meritorious	meritorious	ADJ
ftr-323	1154	39	revenue	revenue	NOUN
ftr-323	1154	40	uses	use	NOUN
ftr-323	1154	41	.	.	PUNCT
ftr-323	1155	1	in	in	ADP
ftr-323	1155	2	the	the	DET
ftr-323	1155	3	currently	currently	ADV
ftr-323	1155	4	difficult	difficult	ADJ
ftr-323	1155	5	times	time	NOUN
ftr-323	1155	6	from	from	ADP
ftr-323	1155	7	a	a	DET
ftr-323	1155	8	u.s	u.s	PROPN
ftr-323	1155	9	.	.	PROPN
ftr-323	1155	10	revenue	revenue	NOUN
ftr-323	1155	11	standpoint	standpoint	NOUN
ftr-323	1155	12	,	,	PUNCT
ftr-323	1155	13	those	those	DET
ftr-323	1155	14	requirements	requirement	NOUN
ftr-323	1155	15	merit	merit	VERB
ftr-323	1155	16	extra	extra	ADJ
ftr-323	1155	17	attention	attention	NOUN
ftr-323	1155	18	.	.	PUNCT
ftr-323	1156	1	foreign	foreign	ADJ
ftr-323	1156	2	taxes	taxis	NOUN
ftr-323	1156	3	,	,	PUNCT
ftr-323	1156	4	supra	supra	PROPN
ftr-323	1156	5	note	note	NOUN
ftr-323	1156	6	195	195	NUM
ftr-323	1156	7	,	,	PUNCT
ftr-323	1156	8	at	at	ADP
ftr-323	1156	9	251	251	NUM
ftr-323	1156	10	;	;	PUNCT
ftr-323	1156	11	see	see	VERB
ftr-323	1156	12	also	also	ADV
ftr-323	1156	13	sullivan	sullivan	PROPN
ftr-323	1156	14	,	,	PUNCT
ftr-323	1156	15	promote	promote	VERB
ftr-323	1156	16	competitiveness	competitiveness	NOUN
ftr-323	1156	17	of	of	ADP
ftr-323	1156	18	all	all	PRON
ftr-323	1156	19	,	,	PUNCT
ftr-323	1156	20	supra	supra	PROPN
ftr-323	1156	21	note	note	NOUN
ftr-323	1156	22	198	198	NUM
ftr-323	1156	23	,	,	PUNCT
ftr-323	1156	24	at	at	ADP
ftr-323	1156	25	1175	1175	NUM
ftr-323	1156	26	,	,	PUNCT
ftr-323	1156	27	1178–79	1178–79	PROPN
ftr-323	1156	28	(	(	PUNCT
ftr-323	1156	29	noting	note	VERB
ftr-323	1156	30	that	that	SCONJ
ftr-323	1156	31	tax	tax	NOUN
ftr-323	1156	32	system	system	NOUN
ftr-323	1156	33	features	feature	VERB
ftr-323	1156	34	that	that	PRON
ftr-323	1156	35	promote	promote	VERB
ftr-323	1156	36	the	the	DET
ftr-323	1156	37	competitiveness	competitiveness	NOUN
ftr-323	1156	38	of	of	ADP
ftr-323	1156	39	u.s	u.s	PROPN
ftr-323	1156	40	.	.	PROPN
ftr-323	1156	41	multinationals	multinational	NOUN
ftr-323	1156	42	harm	harm	VERB
ftr-323	1156	43	u.s	u.s	PROPN
ftr-323	1156	44	.	.	PROPN
ftr-323	1156	45	businesses	business	NOUN
ftr-323	1156	46	that	that	PRON
ftr-323	1156	47	focus	focus	VERB
ftr-323	1156	48	on	on	ADP
ftr-323	1156	49	the	the	DET
ftr-323	1156	50	domestic	domestic	ADJ
ftr-323	1156	51	market	market	NOUN
ftr-323	1156	52	and/or	and/or	CCONJ
ftr-323	1156	53	on	on	ADP
ftr-323	1156	54	exporting	export	VERB
ftr-323	1156	55	from	from	ADP
ftr-323	1156	56	the	the	DET
ftr-323	1156	57	united	united	PROPN
ftr-323	1156	58	states	states	PROPN
ftr-323	1156	59	)	)	PUNCT
ftr-323	1156	60	.	.	PUNCT