Corporations are allowed a dividends-received deduction for dividends from other domestic, taxable corporations. Why is this deduction

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Corporations are allowed a dividends-received deduction for dividends from other domestic, taxable corporations. Why is this deduction not available for dividends from foreign corporations?

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Principles Of Taxation For Business And Investment Planning 2016 Edition

ISBN: 9781259549250

19th Edition

Authors: Sally Jones, Shelley Rhoades Catanach

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Question Posted: Nov 03, 2015 05:28 AM

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Corporations are allowed a dividends-received deduction for dividends from other domestic, taxable corporations. Why is this deduction

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The dividendsreceived deduction was enacted to mitigate the double tax that would occur ...View the full answer

Principles Of Taxation For Business And Investment Planning 2016 Edition

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