This book outlines a systematic approach that helps U.S. multinationals operating worldwide reduce their tax burden. Embedded in this approach are five issues crucial to planning a successful multinational tax strategy: an appreciation of the principles of taxation and the U.S. taxation of foreign income; the choice of a transfer pricing method; the use of tax vehicles for exporting, and the efficient use of value-added taxation. Riahi-Belkaoui explores each of these issues in a clear, concise manner. His book will be useful not only to professionals in international business and international tax experts, but also to their colleagues in the academic community.