Why does the United States use a basket approach in the foreign tax credit limitation computation?

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Why does the United States use a "basket" approach in the foreign tax credit limitation computation?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 20, 2017 12:39 PM

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Why does the United States use a basket approach in the foreign tax credit limitation computation?

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The basket approach limits foreign tax credit blending o...View the full answer

Taxation Of Individuals And Business Entities 2015

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