Final FTC Regulations: Significant Changes to the Creditability of Foreign Income Taxes

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By: Jed Rogers; Tamara Fusillo At a glance Schedule a consultation today The full story: The final regulations on foreign tax credits fundamentally modify the rules for determining the creditability of foreign tax.  For creditability, a foreign income tax must satisfy the net gain requirement, which includes tests to establish realization, gross receipts, and cost…

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