English Dictionary

nowhere income

名詞

アメリカ英語 不可算名詞

(US, accounting) Income that is generated in the United States by a corporation but that is not taxed by the destination US state (the state in which a buyer, for example, is based), due to the state not having the jurisdiction to tax the corporation.

日本語の意味

アメリカ国内で法人が生み出す所得で、例えば買付先の州など、法人に対して課税する法的権限を持たない州において課税されない所得。

The auditors classified a sizable portion of the company's revenue as nowhere income, generated in the United States but not taxable by the buyers' home states because those states lacked jurisdiction.

監査人は、同社の収益の大部分を、米国内で発生したものの買い手の所在州では課税されない所得として分類し、これらはその州が課税権を有していないため課税が免れていました。

意味（1）

(US, accounting) Income that is generated in the United States by a corporation but that is not taxed by the destination US state (the state in which a buyer, for example, is based), due to the state not having the jurisdiction to tax the corporation.

The bill seems to me, and I have not had a very careful reading of it, but it looks like a tax exemption for big business and it looks to me like it will assuredly create additional nowhere income for income tax purposes for corporations that are doing business in most of the States.