Thursday, September 14, 2017
Virginia La Torre Jeker, When Sharia and U.S. Tax Law Collide, 87 Tax Notes Int'l 787 (Aug. 21, 2017):
Sharia law impacts the US tax analysis of transactions arising in any Muslim-majority country or in any country when Muslim persons are involved in the transaction. Neither the US courts nor the Internal Revenue Service have provided guidance as to how the matter should be resolved when US tax and Sharia laws collide.
This article addresses the role of Sharia law in US international taxation and seeks to raise professional awareness of the possible pitfalls when dealing with clients having a connection to Sharia and the US.