Under what circumstances is it advantageous to take a deduction rather than a credit for taxes paid

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Under what circumstances is it advantageous to take a deduction rather than a credit for taxes paid in a foreign country?

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International Accounting

ISBN: 978-0077862206

4th edition

Authors: Timothy Doupnik, Hector Perera

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Question Posted: Nov 26, 2015 12:57 AM

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Under what circumstances is it advantageous to take a deduction rather than a credit for taxes paid

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US companies are allowed either to 1 deduct all foreign taxes paid or 2 take a credit fo...View the full answer

International Accounting

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