Under what conditions will foreign tax credits result in a U S corporation paying exactly the same tax on foreign income as it would if this income were earned directly in the United States ...

If the foreign tax rate is no greater than the US tax rate ...

Under what conditions will foreign tax credits result in a U.S. corporation paying exactly the same tax

Question:

Under what conditions will foreign tax credits result in a U.S. paying exactly the same tax on foreign income as it would if this income were earned directly in the United States?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...