Corporate Foreign Tax Credit, 2007

Luttrell, Scott
June 2011
Statistics of Income (SOI) Bulletin;Summer2011, Vol. 31 Issue 1, p138
The article focuses on corporate foreign tax credit in relation to tax system in the U.S. It reveals that 6,675 corporations claimed an overall foreign tax credit of 86.5 billion dollars against their U.S. income tax liability for tax year 2007. These corporations accounted income subject to U.S. tax of 833.9 billion dollars.


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