2. Int'l Tax Update Significant Developments in the Global Tax System - Andrew Seidler
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FDII Example<br />
US<br />
Corp<br />
US<br />
sales<br />
$500<br />
Revenue<br />
$1,000<br />
Revenue<br />
Non US<br />
related or<br />
unrelated<br />
U.S. Corp.<br />
P&L<br />
Sales of products for use <strong>in</strong> <strong>the</strong> U.S. 500.0<br />
Sales of products for use outside <strong>the</strong> U.S. 1,000.0<br />
Total deductiable eligible revenue 1,500.0<br />
COGS 300.0<br />
Gross profit 1,200.0<br />
Allocable deductions (<strong>in</strong>clud<strong>in</strong>g Interest) 100.0<br />
Potential FDII eligible <strong>in</strong>come 1,100.0<br />
O<strong>the</strong>r <strong>in</strong>come/(deduction) for non-FDII eligible activities -<br />
<strong>Tax</strong>able <strong>in</strong>come 1,100.0<br />
Qualified Bus<strong>in</strong>ess Asset Investments (QBAI) 500.0
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