Foreign Tax Credit

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Foreign tax credit

Home country credit against domestic income tax. Received in return for foreign taxes paid on foreign derived earnings.

Foreign Tax Credit

A direct, dollar-for-dollar reduction in one's U.S. tax liability because of taxes levied by a foreign government. The United States is one of the only countries that taxes income that citizens earn abroad. However, the foreign tax credit exempts income paid as taxes to foreign governments, eliminating the possibility of double taxation.

foreign tax credit

The reduction in a U.S. tax liability because of taxes accrued or paid to a foreign government during the same taxable year.

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Deduction pour impot paye a l'etranger Double-Tax Agreement Expatriate Foreign Tax Credit or Deduction Form 1116 Form 1118 Form 1118 (Schedule I) Form 1118 (Schedule J) Form 1118 (Schedule K) Inst 1116 Inst 1118 Inst 1118 (Schedule J) Inst 1118 (Schedule K) Publication 514 Resident Alien tax credit			shareholder cannot claim a full foreign tax credit on these new taxes, the time to consider planning options is now. Canadian 'anti-hybrid' rules: review agreements by January 2010 by Lysenko, Jonathan / Financial Executive individual investor to claim a foreign tax credit for his or her share of Canadian income taxes paid by NS ULC. Preparing Canadian structures for 2010 by Felten, Brent E. / The Tax Adviser Obama also takes aim at foreign tax credit "loopholes. Obama unveils broad international tax reform plans by Franken, Jessica / Nonwovens Industry			Foreign Currency Translation Foreign Debt Foreign Direct Investment Foreign Equity Market Foreign Exchange Foreign Exchange Broker Foreign Exchange Control Act Foreign Exchange Controls Foreign Exchange Dealer Foreign Exchange Market Foreign Exchange Rate Foreign Exchange Risk Foreign Exchange Swap Foreign holdings foreign investment in real estate Foreign Investment in Real Property Tax Act Foreign Investment Risk Matrix foreign judgment Foreign Market Foreign Market Beta Foreign Official Institutions Foreign Plan Foreign public borrower Foreign Restricted List Foreign Sales Corporation Foreign Tax Credit Foreign Tax Credit or Deduction Foreign-Source Income Foreign-Targeted Issue Foreigner Forensic Accountant Forensic Accounting Forex Forfaiter Forfaiting Forfeiting forfeiture Forfetizacion Forfinjaan Ahwa forgery Forint Form 10-K Form 10-Q Form 1000 Form 1023 Form 1024 Form 1028 Form 1040 (PR) Form 1040 (PR) (Anejo H-PR) Form 1040 (Schedule C) Form 1040 (Schedule D-1)			Foreign Service Staff Officer Foreign Service Tour Foreign Service Tour Extension Foreign Service Written Exam Foreign Service Written Examination Foreign Service Youth Foundation Foreign Settlements Foreign Signaling Transfer Point Foreign Source Income Foreign Source Incomes Foreign Source Retirement Income Foreign Sovereign Immunities Act Foreign Stock Car Racing Association Foreign stout Foreign stout Foreign stout Foreign Student Advisor Foreign Student Affairs Office Foreign Student Financial Aid Application FOreign Students Association in Daejeon Foreign Studies Service Bureau Foreign Subsidiary Foreign Supplier Assessment Center Foreign Systems Acquisition Foreign Targeted Issue Foreign Targeted Issues Foreign Tax Credit Foreign Tax Credit or Deduction Foreign Tax Credits Foreign Tax Processing System Foreign Technical Department Foreign Technology Division Foreign Telecommunication Administration Foreign Terrorist Asset Tracking Foreign Terrorist Asset Tracking Center foreign terrorist organization Foreign terrorist organizations Foreign Terrorist Tracking Task Force Foreign Trade Foreign Trade Antitrust Improvements Act Foreign Trade Arbitration Commission Foreign Trade Arbitration Commission Foreign Trade Association Foreign Trade Association Foreign Trade Association of Southern California Foreign Trade Bank of Cambodia Foreign Trade Development Agency Foreign Trade Development Officer Foreign Trade Gross Receipts Foreign Trade Institute of Pakistan Foreign Trade Policy Foreign Trade Prices Foreign Trade Research Institute

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