Why do U.S. multinationals generally like the “check-the-box” regulations?
Answer to relevant QuestionsWhat is the difference between a direct foreign tax credit and an indirect (deemed paid) foreign tax credit? Manhattan Pictures is a U.S. corporation that owns 100% of Alpha, a Greek corporation. Manhattan Pictures receives a dividend of $42,000 from Alpha. Alpha has $320,000 of accumulated earnings and profits and has paid foreign ...How are foreign investors taxed when they invest in the U. S. securities markets? How does the definition of foreign- source income affect the computation of the foreign tax credit limitation? Suppose dividend payments were made tax deductible in calculating corporate taxable income in the United States. Assume that if dividends are received from foreign subsidiaries and the U. S. parent in turn distributes the ...
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