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  2. Foreign tax credit - Wikipedia

    en.wikipedia.org/wiki/Foreign_tax_credit

    A reduction of tax (credit) is often provided in income tax systems for similar income taxes paid to other countries (foreign taxes). [1] [additional citation(s) needed] This is generally referred to as a foreign tax credit. Amounts in excess of income tax are usually nonrefundable. [2]

  3. Tax credit - Wikipedia

    en.wikipedia.org/wiki/Tax_credit

    This investment tax credit varies depending on the type of renewable energy project; solar, fuel cells ($1500/0.5 kW) and small wind (< 100 kW) are eligible for credit of 30% of the cost of development, with no maximum credit limit; there is a 10% credit for geothermal, microturbines (< 2 MW) and combined heat and power plants (< 50 MW). The ...

  4. Is There a Limit on Foreign Tax Credits? - AOL

    www.aol.com/finance/limit-foreign-tax-credits...

    The Foreign Tax Credit (FTC) is a non-refundable tax credit designed to alleviate this burden for U.S. citizens who earn income abroad by offsetting taxes paid to foreign governments and reducing ...

  5. Base erosion and profit shifting - Wikipedia

    en.wikipedia.org/wiki/Base_erosion_and_profit...

    Lower foreign tax rates entail smaller credits for foreign taxes and greater ultimate U.S. tax collections (Hines and Rice, 1994). [59] Dyreng and Lindsey (2009), [4] offer evidence that U.S. firms with foreign affiliates in certain tax havens pay lower foreign taxes and higher U.S. taxes than do otherwise-similar large U.S. companies.

  6. Foreign tax credit: What it is and how to properly avoid ...

    www.aol.com/finance/foreign-tax-credit-properly...

    For American citizens and resident aliens who pay income taxes in foreign countries, the... Skip to main content. Taxes. 24/7 help. For premium support please call: 800-290-4726 more ways to ...

  7. International taxation - Wikipedia

    en.wikipedia.org/wiki/International_taxation

    A credit for foreign taxes is subject to manipulation by planners if there are no limits, or weak limits, on such credit. Generally, the credit is at least limited to the tax within the system that the taxpayer would pay on income from outside the jurisdiction. [ 198 ]

  8. Alternative minimum tax - Wikipedia

    en.wikipedia.org/wiki/Alternative_minimum_tax

    Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...

  9. Foreign personal holding company - Wikipedia

    en.wikipedia.org/wiki/Foreign_personal_holding...

    For Foreign Tax Credit purposes, certain types of income are re-characterized (looked-through) based on the character of the income underlying the payment. [5] Dividends received from a 10% or more owned controlled foreign corporation (CFC) with respect to which the recipient is a U.S. shareholder (whether or not the controlling shareholder) are re-characterized based on the earnings and ...