What is a foreign tax credit? Why do countries give credit for taxes paid on foreign-source income?

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Multinational Business Finance

ISBN: 978-0132743464

13th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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Question Posted: Oct 13, 2015 06:28 AM

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What is a foreign tax credit? Why do countries give credit for taxes paid on foreign-source income?

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To prevent double taxation of the same income most countries grant a foreign tax credit for income t...View the full answer

Multinational Business Finance

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