Why does the United States require that repatriated foreign income be separated into baskets by type of

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Why does the United States require that repatriated foreign income be separated into baskets by type of income, with separate foreign tax credit limitations applied to each basket? Does the presence of separate baskets increase the U.S. tax on foreign income?
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Taxes And Business Strategy A Planning Approach

ISBN: 9780132752671

5th Edition

Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon

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