Question: Corporations are allowed a dividends-received deduction for dividends from other domestic, taxable corporations. Why is this deduction not available for dividends from foreign corporations?

Corporations are allowed a dividends-received deduction for dividends from other domestic, taxable corporations. Why is this deduction not available for dividends from foreign corporations?

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The dividendsreceived deduction was enacted to mitigate the double tax that would occur ... View full answer

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