Foreign recipients of U.S. income, 2000.
Data ReleaseUnited States-source income payments to "foreign persons" totaled $139.7 billion in 2000. This represents a decrease of 12 percent from 1999 levels, following a 27-percent increase from 1998 to 1999. A precipitous decrease in the income paid to Japanese recipients accounted for more than half of the decline. Tax withheld on U.S.-source income payments fell 38.4 percent, to $2.3 billion, while the effective U.S. tax rate on payments made to foreign recipients (U.S. tax withheld divided by total U.S.-source income) fell from 2.3 percent to 1.6 percent for Tax Year 2000. Meanwhile, the total number of payments reported on Forms 1042S rose to an all-time high of 2.53 million.
The United Kingdom surpassed Japan as the recipient of the most U.S.-source income, accounting for nearly $24 billion, despite a decline of $1.7 billion from 1999. Japanese recipients collected the second-largest share of U.S.-source income with $19.2 billion, a decrease of 35.8 percent from 1999. Interest payments remained the most significant category of U.S.-source income by far. Nearly 88 percent ($122.3 billion) of all income paid to foreign persons came from interest payments, an increase of 18.5 percentage points. Dividends, second among income categories, fell from $25.7 billion in 1999 to $12.5 billion in 2000. Corporations remained the most significant entity in terms of total U.S.-source income received and tax withheld, accounting for 65.1 percent and 58.4 percent, respectively.
Background
U.S.-source income of nonresident alien individuals and other foreign persons is reported on Form 1042S, Foreign Persons' U.S.-Source Income Subject to Withholding. This income is subject to a flat, statutory tax rate of 30 percent. However, this rate is frequently reduced or eliminated by way of an income tax treaty or statutory exemption (see Table 1 for the amount of income exempt from taxation). Income that is exempt from taxation because of a tax treaty is still required to be reported. The principal types of income are interest (other than that from bank deposits), dividends, rents, royalties, Social Security and railroad retirement payments, and personal services income, shown separately in Table 2. Other types of income include capital gains, scholarships, pensions and annuities, and certain real estate distributions. Certain types of income that are "effectively connected" with a U.S. trade or business, as well as bank deposit interest, are not subject to the withholding tax and are generally not reported on Form 1042S. The tax liability on effectively connected income is reported on other forms (see Explanation of Selected Terms).
U.S. individuals or businesses distributing U.S.-source income to foreign persons are required to withhold taxes on this income (except where statutory or treaty exemptions apply), or to appoint a withholding agent (normally a financial institution) to do so. A payer or designated agent is fully liable for all taxes owed by a recipient and also reports the income paid to each recipient on a Form 1042S. Without this withholding requirement, there would be no effective way to enforce taxpayer compliance because foreign recipients are generally not required to file U.S. tax returns to report this income.
During 2000, the United States had tax treaties in force with 61 of its trading partners (Table 1) [1]. For 2000, persons in treaty countries received 68.1 percent of total U.S.-source income payments to foreign persons, while accounting for 68.3 percent of the total U.S. tax withheld on these payments. There were ten non-treaty countries which received over $1 billion of U.S.-source income in 2000: Argentina, the Bahamas, Bermuda, the British Virgin Islands, the Cayman Islands, Hong Kong, Jersey, Netherlands Antilles, Singapore, and Taiwan (Table 2).
Data Highlights
More than $139.7 billion in U. S.-source income payments were made to foreign persons in 2000. Although this represents a decrease of 12 percent from the all-time high in 1999, it is the second-highest amount ever paid in a single year. The total number of Forms 1042S filed for 2000 reached 2.53 million, a slight increase from 1999 (2.40 million). The average income payment and the average U.S. tax withheld per payment, not including tax withheld by foreign governments and foreign withholding agents (see Data Sources and Limitations), were $55,157 and $893, respectively.
Of the $139.7 billion of total U.S.-source income reported on Forms 1042S, 91.6 percent was exempt from taxation, as compared to 80.9 percent in 1999. This increase caused the effective withholding rate (tax withheld as a percentage of total U.S.-source income paid) to dip from 2.3 percent to 1.6 percent. The effective withholding rate on the $11.8 billion of income subject to withholding tax was 19.2 percent; substantially less than the 30-percent statutory rate. Because of tax treaties and statutory exemptions, only $3.2 billion of the $11.8 billion of income subject to taxation were taxed at the statutory rate. This represents just 2.3 percent of the total U.S.-source income paid to foreign persons.
In 2000, interest payments reported on Form 1042S, which excludes bank deposit interest, increased 11.6 percent to $122.3 billion. Interest accounted for 87.6 percent of total U.S.-source income paid to foreign persons. Dividends, the second largest type of payment, fell 51.3 percent, to $12.5 billion. Dividends comprised almost 9 percent of total U.S.-source income.
Foreign corporations received 65.1 percent of all U.S.-source income paid to foreign persons in 2000, while accounting for 58.4 percent of the U.S. tax withheld. U.S.-source income paid to corporations totaled $90.9 billion, a decrease of $20.9 billion from 1999. Tax withheld on corporations is low in relation to the income they receive because such a large proportion of their income is comprised of interest that is exempt from taxation. In 2000, about 92.2 percent ($83.8 billion) of income paid to corporations was exempt from taxation. Interest comprised 98.2 percent of the tax-exempt income paid to corporations, while accounting for 90.9 percent of the total income distributed to corporations.
U.S.-source income paid to foreign individuals totaled $5.9 billion, or approximately the same level as in 1999. Compared to corporations, individuals have a higher percentage of tax withheld relative to total income. Individual recipients accounted for 4.2 percent of the U.S.-source income paid in 2000, while paying 16.8 percent of the total taxes. Additionally, individuals received 33.6 percent of their incomes in the form of Social Security benefits, railroad retirement benefits, and dividends, three of the income types that are taxed at the highest effective rate and generally receive limited treaty benefits.
Residents of the United Kingdom received 17 percent of all U.S.-source income paid in 2000, as shown in Figure A. The nine countries included in Figure A account for 65 percent of all U.S.-source income paid to foreign persons, although their share of the total has fallen over the years. Figure B shows that all of these countries except for the tax havens, the Cayman Islands and Bermuda, received less income in 2000 than in 1999. Gross income paid to residents of Japan saw the biggest decrease (in dollars), falling $10.7 billion from 1999 to 2000. Other countries, not specifically listed in Figure B, received 4 percent more income in 2000 than in 1999.
Data Sources and Limitations
Payers (or their authorized withholding agents) of most U.S.-source income to foreign persons must withhold tax in accordance with the Internal Revenue Code. Form 1042S, Foreign Persons' U.S.-Source Income Subject to Withholding, is filed by the payer to report this income and the U.S. tax withheld. Often, a financial institution acts as the payer's withholding agent. The statistics in this data release were tabulated by calendar year, using all Forms 1042S filed with the Internal Revenue Service for 2000. The data reflect the income that was paid and U.S. tax that was withheld for 2000, except for U.S. tax withheld by foreign governmental organizations and their withholding agents. In a few countries, under treaty provisions, foreign governmental organizations (or other authorized entities) withhold tax for income paid to foreign nominees and fiduciaries if the ultimate recipient is unknown or is not a resident of a treaty country. The purpose of such tax withholding is to prevent persons in nontreaty countries from reaping treaty benefits by indirectly channeling their income through a treaty country. When the ultimate recipient is not entitled to the treaty benefits, the foreign governmental organization (or withholding agent) remits the tax withheld back to the United States. This additional tax, therefore, is not generally attributable to specific income years. For this reason, the statistics in this data release generally do not include tax withheld by foreign governments and foreign withholding agents (except for Canada, which remits its tax payments during the same calendar year in which the U.S. income is paid). These amounts, however, are shown in column 7 of Table 1 for Tax Year 2000.
Because all Forms 1042S were used for the statistics, the data are not subject to sampling error. However, the data are subject to nonsampling error, such as computer data entry error and taxpayer reporting error. Although the data were subjected to tests, the data for certain basic numerical relationships, including the calculation of the correct tax withheld, the possibility of error was not completely eliminated. However, as a further check, Forms 1042S with income amounts greater than $3 million were manually verified.
Explanation of Selected Terms
Foreign Persons.--For purposes of this data release, foreign persons include: (a) individuals whose residence is not within the United States and who are not U.S. citizens (i.e., nonresident aliens); and (b) corporations and other organizations (including partnerships, private foundations, estates, and trusts) created or organized outside the United States. Also, individuals re siding, and organizations created or organized, in Puerto Rico and U.S. possessions are considered foreign persons.
Income Effectively Connected with a U.S. Trade or Business.--Income that is "effectively connected" with a U.S. trade or business is exempt from the withholding tax requirements. Most of this income is taxed at the ordinary graduated U.S. rates, in the same manner as any other income paid to U.S. citizens and residents. Foreign corporations must report such income on Form 1120F, US. Tax Return of a Foreign Corporation, and individuals must report such income on Form 1040NR, US. Nonresident Alien Income Tax Return [2]. Effectively connected real estate distributions are reported on Form 8288A, Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests. Effectively connected income may be erroneously reported on Forms 1042S, but the extent of its inclusion in the statistics, while unknown, is believed to be insignificant.
Notes and References
[1] U.S. Department of the Treasury, Internal Revenue Service, U.S. Tax Treaties, Publication 901. The U.S. income tax treaty with the former Union of Soviet Socialist Republics (U.S.S.R.) remains in effect for the following members of the Commonwealth of Independent States (C.I.S.): Armenia, Azerbaijan, Belarus, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. That treaty will remain in effect until new treaties with these individual countries are negotiated and ratified. New treaties with Russia and Kazakhstan entered into force in 1994 and 1996, respectively.
[2] For information on Forms 1120F, see Statistics of Income, Corporation Income Tax Returns, Publication 16, published annually. The Statistics of Income program does not produce data from Forms 1040NR.
Table 1.--Forms 1042S: Number, Total U.S.-Source Income, and U.S. Tax Withheld, Tax Treaty Countries and Total Non-Tax Treaty Countries, 2000 [Money amounts are in thousands of dollars] U.S. source income Number of forms Exempt from Country or geographic area 1042S Total withholding (1) (2) (3) Total 2,532,052 139,660,703 127,889,238 Treaty countries, total 1,977,573 95,060,578 85,746,745 Armenia 892 7,765 6,916 Australia (2) 47,480 3,876,041 3,566,407 Austria 22,766 698,342 491,017 Azerbaijan 470 2,714 2,466 Barbados 2,223 459,956 439,223 Belarus 543 2,752 2,311 Belgium 24,055 1,157,455 1,047,638 Canada 468,941 6,974,836 5,907,676 China 96,336 1,157,402 1,126,642 Cyprus 2,362 13,023 10,427 Czech Republic 3,252 51,924 50,773 Denmark 6,679 436,062 328,157 Egypt 7,105 75,769 71,563 Estonia 417 3,932 3,588 Finland 3,496 169,789 159,977 France (3) 45,943 4,938,791 4,494,027 Georgia 624 4,090 3,674 Germany 278,409 5,635,766 5,213,368 Greece 19,288 114,602 66,217 Hungary 2,843 37,340 34,144 Iceland 2,362 6,697 3,795 India 30,617 144,817 122,916 Indonesia 8,753 31,211 25,920 Ireland 33,085 2,652,962 2,408,895 Israel 21,614 351,730 330,611 Italy 47,293 2,178,655 1,952,409 Jamaica 4,933 167,840 157,754 Japan 118,892 19,198,773 17,492,199 Kazakhstan 530 5,814 5,591 Korea, Republic of (South) 23,665 617,101 606,398 Kyrgyzstan 466 4,040 3,860 Latvia 280 1,740 1,476 Lithuania 588 2,831 2,170 Luxembourg 5,691 4,366,856 3,572,237 Mexico 112,281 1,234,810 961,374 Moldova 273 1,608 1,438 Morocco 1,868 4,805 3,133 Netherlands 29,086 4,615,782 4,242,290 New Zealand 11,852 112,735 71,262 Norway 11,279 560,113 510,636 Pakistan 6,446 16,079 12,635 Philippines 28,605 252,554 187,261 Poland 6,445 53,827 39,358 Portugal 10,826 380,165 336,018 Romania 3,547 18,632 17,624 Russia 11,490 58,140 42,807 Slovak Republic 898 20,406 19,938 Spain 25,466 3,870,168 3,763,618 Sweden 14,269 978,559 691,444 Switzerland 48,159 3,007,631 2,309,609 Tajikistan 160 666 573 Thailand 8,628 33,208 28,610 Trinidad and Tobago 4,200 19,429 14,253 Tunisia 348 1,597 1,409 Turkey 6,869 61,784 53,903 Turkmenistan 211 10,064 9,939 Ukraine 2,835 15,213 13,477 United Kingdom 256,017 23,963,756 22,532,772 Uzbekistan 427 2,449 2,123 Venezuela 33,096 147,292 127,602 Nontreaty countries, total (4) 554,479 44,600,125 42,142,493 U.S. source income U.S. tax witheld By domestic Country or geographic area Subject to witholding withholding Total agents (1) (4) (5) (6) Total 11,771,465 2,353,310 2,260,107 Treaty countries, total 9,313,833 1,638,192 1,544,989 Armenia 849 114 114 Australia (2) 309,634 46,961 46,961 Austria 207,325 32,130 31,404 Azerbaijan 247 31 31 Barbados 20,732 3,298 3,298 Belarus 440 82 82 Belgium 109,617 22,663 17,187 Canada 1,067,160 161,795 161,795 China 30,760 4,797 4,747 Cyprus 2,597 484 484 Czech Republic 1,151 229 229 Denmark 107,905 16,702 16,702 Egypt 4,206 747 747 Estonia 344 53 53 Finland 9,811 1,907 1,907 France (3) 444,764 65,442 64,152 Georgia 415 44 44 Germany 422,398 56,844 56,844 Greece 48,386 12,538 12,538 Hungary 3,196 562 562 Iceland 2,902 488 488 India 21,901 3,929 3,929 Indonesia 5,291 850 850 Ireland 244,066 56,728 56,728 Israel 21,119 5,078 5,078 Italy 226,446 34,500 34,500 Jamaica 10,087 2,250 2,250 Japan 1,706,574 246,995 246,995 Kazakhstan 223 37 37 Korea, Republic of (South) 10,703 2,163 2,163 Kyrgyzstan 180 31 31 Latvia 264 28 28 Lithuania 661 126 126 Luxembourg 794,619 210,259 198,682 Mexico 273,435 61,580 61,580 Moldova 171 30 30 Morocco 1,672 275 275 Netherlands 373,492 53,366 52,704 New Zealand 41,472 6,227 6,227 Norway 49,477 9,279 9,279 Pakistan 3,244 821 621 Philippines 65,293 17,229 17,229 Poland 14,469 3,592 3,592 Portugal 44,147 9,433 9,433 Romania 1,009 138 138 Russia 15,334 2,195 2,195 Slovak Republic 467 79 79 Spain 106,550 21,396 21,396 Sweden 287,115 45,580 45,580 Switzerland 698,022 179,711 107,574 Tajikistan 95 14 14 Thailand 4,398 866 866 Trinidad and Tobago 5,177 1,385 1,385 Tunisia 188 36 36 Turkey 7,881 1,507 1,507 Turkmenistan 125 26 26 Ukraine 1,735 237 237 United Kingdom 1,430,964 223,901 222,565 Uzbekistan 327 48 48 Venezuela 19,691 3,630 3,630 Nontreaty countries, total (4) 2,457,632 715,118 715,116 U.S. tax withheld By foreign governments and withholding Country or geographic area agents (7) Total 93,203 Treaty countries, total 93,203 Armenia -- Australia (2) -- Austria 726 Azerbaijan -- Barbados -- Belarus -- Belgium 5,476 Canada -- China -- Cyprus -- Czech Republic -- Denmark -- Egypt -- Estonia -- Finland -- France (3) 1,290 Georgia -- Germany -- Greece -- Hungary -- Iceland -- India -- Indonesia -- Ireland -- Israel -- Italy -- Jamaica -- Japan -- Kazakhstan -- Korea, Republic of (South) -- Kyrgyzstan -- Latvia -- Lithuania -- Luxembourg 11,577 Mexico -- Moldova -- Morocco -- Netherlands 662 New Zealand -- Norway -- Pakistan -- Philippines -- Poland -- Portugal -- Romania -- Russia -- Slovak Republic -- Spain -- Sweden -- Switzerland 72,137 Tajikistan -- Thailand -- Trinidad and Tobago -- Tunisia -- Turkey -- Turkmenistan -- Ukraine -- United Kingdom 1,336 Uzbekistan -- Venezuela -- Nontreaty countries, total (4) -- (1) Canada remits to the United States tax payments during the same calendar year in which the U.S. income is paid. Therefore, these payments are included in column 6 rather than column 7. For other countries, tax payments remitted to the United States are generally not attributable to specific income years. (2) Includes Christmas Island. (3) Includes Guadeloupe/French Guiana/Martinique/Reunion. (4) Includes Puerto Rico and U.S. possessions. The U.S. and Bermuda have had a tax treaty in effect since 1986, however, this treaty provides no reduction of withholding rates. NOTE: Detail may not add to totals because of rounding. Table 2.--Forms 1042S: Number, U.S. Tax Withheld, and U.S.--Source Income, by Principal Type of Income, Selected Recipient Type, and Selected Country of Recipient, 2000 [Money amounts are in thousands of dollars] Selected country or geographic Number of U.S. tax area and selected recipient type Forms 1042S withheld (1) (1) (2) All countries, total 2,532,052 2,260,107 Individuals, total 2,154,505 380,301 Corporations, total 167,839 1,320,828 Partnerships, total 4,572 43,258 Fiduciaries, total 32,662 147,467 Nominees, total 3,020 75,062 Governments and international organizations, total 878 1,573 Tax-exempt organizations, total (2) 5,323 48,026 Private foundations, total 494 1,837 Artists and athletes, total 1,437 4,238 Other, total 76,181 108,809 Unknown, total 85,141 128,707 Argentina 27,646 7,546 Individuals 23,904 5,945 Corporations 928 646 Australia 47,466 46,960 Individuals 37,847 3,268 Corporations 5,588 30,237 Austria 22,766 31,404 Individuals 20,444 2,610 Corporations 1,065 19,290 Bahamas 13,495 37,872 Individuals 4,013 2,944 Corporations 7,226 27,170 Bahrain 1,802 1,018 Individuals 1,402 190 Corporations 279 272 Barbados 2,223 3,298 Individuals 1,540 624 Corporations 434 661 Belgium 24,055 17,187 Individuals 20,543 3,037 Corporations 928 9,872 Bermuda 10,373 105,067 Individuals 4,776 3,322 Corporations 3,372 58,276 Brazil 21,838 6,337 Individuals 19,710 5,120 Corporations 666 631 British Virgin Islands 29,082 63,479 Individuals 4,133 4,153 Corporations 21,740 45,626 Canada 488,941 161,795 Individuals 422,337 28,842 Corporations 19,377 87,639 Cayman Islands 25,278 198,312 Individuals 2,559 11,741 Corporations 18,750 122,230 Chile 10,810 6,745 Individuals 8,933 2,413 Corporations 977 3,712 China 96,336 4,747 Individuals 91,011 3,621 Corporations 562 976 Colombia 19,717 4,299 Individuals 17,277 3,491 Corporations 943 609 Denmark 6,679 16,702 Individuals 5,975 1,374 Corporations 374 14,231 Finland 3,496 1,907 Individuals 3,088 740 Corporations 168 1,119 France 45,444 62,705 Individuals 39,754 10,628 Corporations 2,531 45,790 Germany 278,409 56,844 Individuals 264,495 15,786 Corporations 3,928 24,767 Greece 19,288 12,538 Individuals 18,361 11,808 Corporations 368 625 Guernsey 2,102 10,548 Individuals 184 147 Corporations 1,103 8,282 Hong Kong 36,806 28,024 Individuals 29,990 7,980 Corporations 3,439 8,811 India 30,617 3,929 Individuals 29,306 3,615 Corporations 122 49 Ireland 33,085 56,728 Individuals 29,296 1,987 Corporations 1,811 22,118 Israel 21,614 5,078 Individuals 18,784 2,637 Corporations 824 1,252 Italy 47,293 34,500 Individuals 44,333 4,024 Corporations 1,194 26,442 Jamaica 4,933 2,250 Individuals 4,454 2,174 Corporations 147 53 Japan 118,892 246,995 Individuals 94,243 7,203 Corporations 8,204 164,470 Jersey 3,549 41,663 Individuals 504 445 Corporations 1,881 30,815 Korea, Republic of (South) 23,665 2,163 Individuals 23,002 2,050 Corporations 252 52 Kuwait 3,863 4,115 Individuals 3,270 418 Corporations 268 1,777 Luxembourg 5,691 198,682 Individuals 1,575 694 Corporations 2,341 165,835 Mexico 112,281 61,580 Individuals 106,615 57,238 Corporations 1,816 1,429 Netherlands 29,086 52,704 Individuals 24,236 5,222 Corporations 1,815 34,900 Netherlands Antilles 4,902 22,316 Individuals 2,152 1,307 Corporations 1,927 13,614 New Zealand 11,852 6,227 Individuals 10,005 1,026 Corporations 602 3,426 Norway 11,279 9,279 Individuals 10,520 4,631 Corporations 356 4,213 Panama 13,197 13,562 Individuals 4,740 1,979 Corporations 7,120 9,039 Philippines 28,605 17,229 Individuals 27,518 13,572 Corporations 309 3,557 Portugal 10,826 9,433 Individuals 10,290 7,954 Corporations 223 583 Puerto Rico 14,777 2,407 Individuals 10,349 182 Corporations 905 390 Saudi Arabia 13,624 21,236 Individuals 12,370 18,562 Corporations 556 2,122 Singapore 29,993 9,679 Individuals 26,544 2,557 Corporations 1,124 3,877 Spain 25,466 21,396 Individuals 23,186 7,771 Corporations 1,249 11,373 Sweden 14,269 45,580 Individuals 12,898 3,272 Corporations 566 41,826 Switzerland 48,159 107,574 Individuals 31,611 6,558 Corporations 4,229 71,342 Taiwan 77,659 21,656 Individuals 67,611 13,807 Corporations 1,967 1,856 United Arab Emirates 5,359 1,441 Individuals 4,642 662 Corporations 243 655 United Kingdom 256,017 222,565 Individuals 215,345 17,065 Corporations 14,720 144,968 Venezuela 33,096 3,630 Individuals 29,567 3,003 Corporations 1,767 322 Principal types of U.S.--source income Selected country or geographic Total U.S.-- area and selected recipient type source income Interest (3) (4) All countries, total 139,660,703 122,308,933 Individuals, total 5,864,833 1,927,225 Corporations, total 90,880,424 82,594,811 Partnerships, total 2,397,352 2,200,226 Fiduciaries, total 4,086,461 3,002,316 Nominees, total 4,740,302 4,315,608 Governments and international organizations, total 7,786,742 6,645,478 Tax-exempt organizations, total (2) 4,351,673 3,202,624 Private foundations, total 103,330 62,951 Artists and athletes, total 15,658 -- Other, total 2,571,137 2,000,075 Unknown, total 16,862,790 15,857,619 Argentina 1,251,862 1,213,234 Individuals 88,276 56,684 Corporations 1,154,237 1,150,069 Australia 3,876,038 3,500,940 Individuals 40,892 7,725 Corporations 3,531,369 3,327,611 Austria 698,342 472,918 Individuals 25,748 6,038 Corporations 488,074 347,490 Bahamas 1,560,639 1,381,978 Individuals 68,381 55,310 Corporations 1,215,893 1,081,729 Bahrain 179,851 173,460 Individuals 1,359 379 Corporations 126,800 125,046 Barbados 459,956 436,806 Individuals 6,466 2,263 Corporations 139,573 135,016 Belgium 1,157,455 1,036,818 Individuals 31,531 4,650 Corporations 866,075 797,256 Bermuda 4,720,273 4,329,432 Individuals 44,091 28,138 Corporations 2,362,807 2,140,065 Brazil 151,557 114,721 Individuals 79,426 47,648 Corporations 64,865 62,044 British Virgin Islands 1,841,726 1,596,792 Individuals 108,610 93,195 Corporations 1,221,995 1,039,261 Canada 6,974,836 5,167,983 Individuals 666,955 196,490 Corporations 4,240,320 3,612,452 Cayman Islands 16,971,215 16,221,436 Individuals 167,163 127,147 Corporations 8,793,196 8,328,643 Chile 364,656 308,233 Individuals 37,368 24,894 Corporations 178,206 136,544 China 1,157,402 728,906 Individuals 443,325 17,429 Corporations 431,677 430,593 Colombia 223,314 198,940 Individuals 58,466 36,970 Corporations 24,318 22,195 Denmark 436,062 320,682 Individuals 9,126 307 Corporations 382,700 287,091 Finland 169,789 157,744 Individuals 5,743 315 Corporations 110,710 104,564 France 4,937,798 4,218,084 Individuals 126,642 17,170 Corporations 4,441,775 3,934,517 Germany 5,635,766 4,794,362 Individuals 356,057 51,389 Corporations 4,586,028 4,242,098 Greece 114,602 54,867 Individuals 61,791 4,940 Corporations 46,461 44,115 Guernsey 406,825 370,517 Individuals 1,188 656 Corporations 335,732 307,486 Hong Kong 2,809,023 2,701,910 Individuals 88,203 53,419 Corporations 499,397 466,655 India 144,817 10,373 Individuals 138,365 5,386 Corporations 5,162 4,829 Ireland 2,652,962 2,354,625 Individuals 140,854 108,569 Corporations 1,841,675 1,724,662 Israel 351,730 297,083 Individuals 83,812 41,556 Corporations 175,571 168,638 Italy 2,178,855 1,819,885 Individuals 160,732 14,737 Corporations 1,592,857 1,422,377 Jamaica 167,840 151,826 Individuals 16,810 1,377 Corporations 150,514 150,104 Japan 19,198,773 17,297,195 Individuals 277,337 152,421 Corporations 13,387,482 12,136,273 Jersey 1,928,543 1,773,425 Individuals 9,730 8,016 Corporations 1,508,035 1,393,548 Korea, Republic of (South) 617,101 531,726 Individuals 89,399 5,339 Corporations 507,037 506,390 Kuwait 428,345 393,387 Individuals 4,365 2,132 Corporations 156,323 150,842 Luxembourg 4,366,856 3,568,615 Individuals 7,979 3,925 Corporations 3,867,899 3,253,013 Mexico 1,234,810 936,411 Individuals 485,267 221,492 Corporations 155,109 146,202 Netherlands 4,615,782 3,453,862 Individuals 56,913 9,839 Corporations 1,933,293 1,460,454 Netherlands Antilles 3,636,686 3,558,744 Individuals 25,552 18,504 Corporations 3,347,413 3,299,563 New Zealand 112,735 62,249 Individuals 12,115 1,662 Corporations 45,170 20,988 Norway 560,113 463,701 Individuals 24,263 388 Corporations 227,995 199,842 Panama 240,906 183,773 Individuals 40,199 30,637 Corporations 173,771 135,937 Philippines 252,554 192,004 Individuals 65,372 6,105 Corporations 50,224 49,546 Portugal 380,165 333,734 Individuals 36,530 1,591 Corporations 30,093 28,087 Puerto Rico 380,193 375,956 Individuals 1,106 260 Corporations 174,181 172,523 Saudi Arabia 701,910 612,307 Individuals 77,749 11,622 Corporations 148,672 141,694 Singapore 2,350,828 2,088,934 Individuals 33,352 18,227 Corporations 533,337 516,564 Spain 3,870,168 3,731,593 Individuals 78,303 11,940 Corporations 3,598,809 3,542,497 Sweden 978,559 671,860 Individuals 25,791 4,368 Corporations 922,167 647,695 Switzerland 3,007,631 2,174,186 Individuals 79,997 24,141 Corporations 2,093,215 1,535,500 Taiwan 1,471,049 1,340,976 Individuals 127,052 52,703 Corporations 614,432 609,103 United Arab Emirates 830,443 737,605 Individuals 52,514 49,435 Corporations 489,104 474,159 United Kingdom 23,963,756 21,743,102 Individuals 382,923 97,291 Corporations 16,600,317 15,456,084 Venezuela 147,292 113,438 Individuals 83,471 53,694 Corporations 55,536 53,109 Principal types of U.S.--source income Social Security Rents and rail- and road Selected country or geographic royal- retirement area and selected recipient type Dividends ties payments (5) (6) (7) All countries, total 12,523,760 594,831 1,094,466 Individuals, total 870,267 70,422 1,094,466 Corporations, total 7,135,155 372,397 -- Partnerships, total 178,973 12,380 -- Fiduciaries, total 996,776 329 -- Nominees, total 416,845 1 -- Governments and international organizations, total 622,297 282 -- Tax-exempt organizations, total (2) 1,146,004 80 -- Private foundations, total 40,062 38 -- Artists and athletes, total -- -- -- Other, total 519,941 671 -- Unknown, total 597,441 138,233 -- Argentina 15,622 670 7,500 Individuals 9,807 56 7,500 Corporations 4,052 70 -- Australia 341,663 9,876 54 Individuals 11,811 3,076 54 Corporations 196,643 4,750 -- Austria 202,500 3,967 5,535 Individuals 6,199 2,647 5,535 Corporations 133,475 224 -- Bahamas 129,086 145 748 Individuals 9,527 10 748 Corporations 91,726 113 -- Bahrain 4,996 2 3 Individuals 609 -- 3 Corporations 998 1 -- Barbados 19,418 357 1,597 Individuals 1,226 (3) 1,597 Corporations 3,981 313 -- Belgium 99,328 4,612 3,796 Individuals 12,878 2,328 3,796 Corporations 62,573 2,054 -- Bermuda 347,673 646 809 Individuals 13,464 64 809 Corporations 202,894 535 -- Brazil 12,323 1,289 4,654 Individuals 9,337 333 4,654 Corporations 1,712 157 -- British Virgin Islands 213,850 455 400 Individuals 14,485 -- 400 Corporations 154,805 455 -- Canada 1,306,615 55,101 234,877 Individuals 70,000 8,716 234,877 Corporations 567,466 32,249 -- Cayman Islands 712,062 444 363 Individuals 39,275 3 363 Corporations 432,390 424 -- Chile 19,501 86 2,682 Individuals 4,827 15 2,682 Corporations 12,590 3 -- China 15,769 423 367 Individuals 13,903 118 367 Corporations 742 299 -- Colombia 7,031 470 5,680 Individuals 5,420 65 5,680 Corporations 1,140 213 -- Denmark 102,836 959 3,802 Individuals 1,232 135 3,802 Corporations 94,632 368 -- Finland 6,701 175 2,010 Individuals 790 66 2,010 Corporations 5,592 21 -- France 507,654 73,786 20,897 Individuals 29,140 1,586 20,897 Corporations 394,173 66,278 -- Germany 432,849 30,941 67,184 Individuals 103,971 14,918 67,184 Corporations 212,979 10,706 -- Greece 7,915 70 38,671 Individuals 5,342 53 38,671 Corporations 2,211 5 -- Guernsey 34,705 (3) -- Individuals 492 -- -- Corporations 27,201 (3) -- Hong Kong 90,904 182 2,301 Individuals 22,377 40 2,301 Corporations 29,615 92 -- India 5,627 333 1,323 Individuals 4,622 130 1,323 Corporations 74 170 -- Ireland 261,081 15,809 13,776 Individuals 12,234 496 13,776 Corporations 109,360 6,082 -- Israel 21,079 1,015 6,251 Individuals 10,675 297 6,251 Corporations 5,560 536 -- Italy 217,878 7,151 97,059 Individuals 14,579 460 97,059 Corporations 167,092 1,068 -- Jamaica 1,493 233 7,066 Individuals 1,106 155 7,066 Corporations 294 70 -- Japan 1,565,120 8,295 27,224 Individuals 18,856 4,464 27,224 Corporations 1,049,235 3,391 -- Jersey 151,700 -- -- Individuals 1,688 -- -- Corporations 112,180 -- -- Korea, Republic of (South) 3,689 125 655 Individuals 3,217 52 655 Corporations 325 35 -- Kuwait 33,437 7 -- Individuals 1,275 7 -- Corporations 5,152 -- -- Luxembourg 772,474 15,267 196 Individuals 3,202 4 196 Corporations 592,045 15,263 -- Mexico 50,857 9,533 188,484 Individuals 28,850 863 186,484 Corporations 6,522 1,359 -- Netherlands 974,223 86,884 11,197 Individuals 14,650 436 11,197 Corporations 329,197 80,199 -- Netherlands Antilles 70,227 3,090 -- Individuals 4,367 (3) -- Corporations 46,519 -- -- New Zealand 37,358 1,654 703 Individuals 3,441 594 703 Corporations 22,236 974 -- Norway 73,651 696 16,427 Individuals 1,735 521 16,427 Corporations 27,846 109 -- Panama 46,641 26 1,479 Individuals 5,394 14 1,479 Corporations 32,057 4 -- Philippines 4,879 60 44,640 Individuals 3,921 22 44,640 Corporations 572 28 -- Portugal 12,761 47 30,169 Individuals 1,437 18 30,169 Corporations 1,897 1 -- Puerto Rico 3,737 49 3 Individuals 500 44 3 Corporations 1,510 5 -- Saudi Arabia 83,935 29 41 Individuals 60,676 28 41 Corporations 6,830 (3) -- Singapore 252,295 413 76 Individuals 6,988 26 76 Corporations 13,711 310 -- Spain 77,497 5,152 22,566 Individuals 23,254 773 22,566 Corporations 42,835 1,074 -- Sweden 276,659 5,963 9,700 Individuals 3,915 495 9,700 Corporations 269,456 2,235 -- Switzerland 730,722 7,143 9,653 Individuals 27,706 1,474 9,653 Corporations 495,356 2,724 -- Taiwan 95,207 149 155 Individuals 41,019 45 155 Corporations 4,780 56 -- United Arab Emirates 91,524 137 -- Individuals 2,085 1 -- Corporations 14,671 136 -- United Kingdom 1,549,117 230,171 77,551 Individuals 100,672 22,989 77,551 Corporations 979,732 130,320 -- Venezuela 15,567 639 1,388 Individuals 12,827 54 1,388 Corporations 1,848 4 -- Principal types of U.S.--source income Personal Selected country or geographic services income area and selected recipient type (8) All countries, total 463,789 Individuals, total 463,077 Corporations, total 704 Partnerships, total 6 Fiduciaries, total -- Nominees, total -- Governments and international organizations, total -- Tax-exempt organizations, total (2) -- Private foundations, total -- Artists and athletes, total -- Other, total 2 Unknown, total (3) Argentina 367 Individuals 367 Corporations -- Australia 2,219 Individuals 2,218 Corporations -- Austria 178 Individuals 172 Corporations -- Bahamas 5 Individuals 5 Corporations -- Bahrain -- Individuals -- Corporations -- Barbados 7 Individuals 7 Corporations -- Belgium 2,161 Individuals 2,161 Corporations -- Bermuda 7 Individuals 7 Corporations -- Brazil 810 Individuals 810 Corporations -- British Virgin Islands -- Individuals -- Corporations -- Canada 23,903 Individuals 23,234 Corporations 669 Cayman Islands -- Individuals -- Corporations -- Chile 63 Individuals 63 Corporations -- China 208,857 Individuals 208,857 Corporations -- Colombia 82 Individuals 82 Corporations -- Denmark 684 Individuals 684 Corporations -- Finland 57 Individuals 57 Corporations -- France 27,317 Individuals 27,314 Corporations 3 Germany 24,959 Individuals 24,959 Corporations -- Greece 2,312 Individuals 2,312 Corporations -- Guernsey -- Individuals -- Corporations -- Hong Kong 74 Individuals 74 Corporations -- India 19,893 Individuals 19,869 Corporations 24 Ireland 238 Individuals 238 Corporations -- Israel 9,679 Individuals 9,679 Corporations -- Italy 13,914 Individuals 13,914 Corporations -- Jamaica 323 Individuals 323 Corporations -- Japan 28,687 Individuals 28,687 Corporations -- Jersey -- Individuals -- Corporations -- Korea, Republic of (South) 25,616 Individuals 25,616 Corporations -- Kuwait (3) Individuals (3) Corporations -- Luxembourg 81 Individuals 81 Corporations -- Mexico 569 Individuals 569 Corporations -- Netherlands 3,687 Individuals 3,687 Corporations -- Netherlands Antilles 29 Individuals 29 Corporations -- New Zealand 383 Individuals 376 Corporations 7 Norway 1,412 Individuals 1,412 Corporations -- Panama 11 Individuals 11 Corporations -- Philippines 982 Individuals 982 Corporations -- Portugal 971 Individuals 971 Corporations -- Puerto Rico 5 Individuals 5 Corporations -- Saudi Arabia 3 Individuals 3 Corporations -- Singapore 225 Individuals 225 Corporations -- Spain 4,897 Individuals 4,897 Corporations -- Sweden 133 Individuals 133 Corporations -- Switzerland 1,367 Individuals 1,367 Corporations -- Taiwan 219 Individuals 219 Corporations -- United Arab Emirates 9 Individuals 9 Corporations -- United Kingdom 17,051 Individuals 17,051 Corporations -- Venezuela 664 Individuals 664 Corporations -- (1) Excludes small amounts of U.S. tax withheld by foreign governments and withholding agents. See Table 1. (2) Unrelated business income paid to foreign tax-exempt organizations is subject to withholding tax. (3) Indicates amount less than $500. NOTES: Detail may not add to totals because of rounding. All countries with total U.S.-source income over $100 million for tax year 2000 were selected for this table. FIGURE A Percentage of Income Paid to Foreign Persons in Selected Countries, Tax Year 2000 139.7 Billion Other Countries 34.6% United Kingdom 17.2% Japan 13.7% Cayman Islands 12.2% Canada 5.0% Germany 4.0% France 3.5% Bermuda 3.4% Netherlands 3.3% Luxembourg 3.1% Figure B Income Paid to Foreign Persons in Selected Countries, Percentage Change 1999 to 2000 [Money amounts are in thousands of dollars] Percentage Income paid in change, 1999 to Selected country 2000 2000 All countries 139,660,703 -12.0 United Kingdom 23,963,756 -6.7 Japan 19,199,773 -35.8 Cayman Islands 16,971,215 85.0 Canada 6,974,836 -36.9 Germany 5,636,766 -47.9 France 4,937,798 -5.6 Bermuda 4,720,273 26.2 Netherlands 4,615,782 -43.6 Luxembourg 4,366,856 -11.2 Other countries 48,275,648 4.4
This data release was written by Scott Luttrell, an economist with the Special Studies Returns Analysis Section, under the direction of Chris Carson, Chief.
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| Publication: | Statistics of Income. SOI Bulletin |
|---|---|
| Article Type: | Illustration |
| Geographic Code: | 00WOR |
| Date: | Jun 22, 2003 |
| Words: | 6466 |
| Previous Article: | U.S. possessions corporation returns, 1997 and 1999. |
| Next Article: | SOI sampling methodology and data limitations: appendix. |
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