What are the foreign tax credit limitations and why do they exist?
Answer to relevant QuestionsUnder 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? Bloomington Pharmaceuticals is a U.S. corporation considering where to locate a new manufacturing facility. The facility will require an investment of $50 million, and any profits during the n-year investment horizon will be ...Under what circumstances will a U.S. corporation have an incentive to shift U. S-source income to be foreign- source income? Georgia Peaches, Inc., is a large U. S. peach grower. Georgia Peaches has U. S.- source income of $ 1.5 billion, faces a of $1.5 billion, faces a U. S. tax rate of 35%, and paid foreign taxes of $ 200 million. The firm also ...What are constructive dividends? Do you think constructive dividends are more likely to occur in large publicly traded corporations or small privately held corporations? Why?
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