Tax-News.com: US Treasury Restricts US Foreign Tax Credits, by
Tax-News.com: The US Treasury Department and the Internal Revenue Service have issued Notice 2016-52, which declares their intention to prevent a US multinational that has been subject to a foreign-initiated tax adjustment to use foreign tax credits without repatriating the associated income.
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Tax-News.com: The US Treasury Department and the Internal Revenue Service have issued Notice 2016-52, which declares their intention to prevent a US multinational that has been subject to a foreign-initiated tax adjustment to use foreign tax credits without repatriating the associated income.
Continue reading...