•  
  •  
 

Abstract

The driving force behind the bill that ultimately became the American Jobs Creation Act of 20041 was pressure from the World Trade Organization to repeal the Extra-Territorial Income Exclusion Act of 2000.2 That Act had been branded as “inconsistent with international trade agreements” by WTO in early 2002.3 The resultant legislation contained far more than repeal of the 2000 Act, which the legislation accomplished,4 and included a successor to the repealed legislation which has virtually nothing to do with international trade.5 That provision, a deduction for “domestic production activities,” is available to taxpayers with gross receipts derived from property which was “manufactured, produced, grown, or extracted” in the United States.6

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.