This course provides participants with an essential overview and comprehensive understanding of the US tax system, with particular emphasis on international aspects. The main focus of the course is on the cross-border issues faced by US-based and foreign-based multinationals with respect to US and foreign operations. The United States is well known for its complex income tax system. Multinational enterprises (MNEs) are faced with the complexities of different tax jurisdictions as they expand globally. To remain competitive, MNEs need to examine the US tax implications of their business strategies.