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Corporate foreign tax credit, 1999.
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For 1999, there were 5,789 U.S. corporations that claimed foreign tax credits, reducing their U.S. income tax liability by $38.3 billion. The $38.3 billion claimed under the foreign tax credit provisions represented an increase of nearly $1.0 billion from 1998, and allowed these corporations to reduce their U.S. tax liability by 28.2 percent, from $135.9 billion (U.S. income tax before credits) to $97.6 billion. Other credits further reduced their U.S. income tax liability to $92.1 billion.
U.S. corporations claiming a foreign tax credit reported foreign-source taxable income ...
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TREASURY AND IRS ISSUE GUIDANCE ON ABUSIVE FOREIGN TAX CREDIT TRANSACTIONS
Transcript from: Regulatory Intelligence Data
; ...and IRS are using to address foreign tax credit transactions that create results...inconsistent with the purpose of the foreign tax credit rules. Notice 2004-19 also...ensure that the mechanical foreign tax credit rules cannot be used to achieve...
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Corporate foreign tax credit, 1998.
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; ...foreign governments. Under the foreign tax credit provisions of the Internal...S. corporations claiming a foreign tax credit reported worldwide taxable...corporations that claimed a foreign tax credit. These countries, with $64...
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Corporate foreign tax credit, 2001.
Magazine article from: Statistics of Income. SOI Bulletin
; ...established in 2000. Under the foreign tax credit provisions, corporations claiming a foreign tax credit reduced their U.S. tax liability...Domestic corporations claiming a foreign tax credit reported worldwide taxable...
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Corporate foreign tax credit, 2000.
Magazine article from: Statistics of Income. SOI Bulletin
; The total foreign tax credit claimed by U.S. corporations (after...foreign jurisdictions. Under the foreign tax credit provisions, these corporations...billion. U.S. corporations claiming a foreign tax credit reported $462.3 billion of worldwide...
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Corporate foreign tax credit, 2002: data release.
Magazine article from: Statistics of Income. SOI Bulletin
; ...in foreign tax credits. The foreign tax credit enabled these corporations...financial measures related to the foreign tax credit. Manufacturing corporations...corporation income tax returns with a foreign tax credit that were included in the ...
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Corporate Foreign Tax Credit, 1996: An Industry and Geographic Focus.
Magazine article from: Statistics of Income. SOI Bulletin
; ...corporations to claim a record high foreign tax credit of $40.3 billion for 1996 as...in determining the amount of foreign tax credit claimed. As in prior years...share of foreign income and foreign tax credit since 1990. U.S. corporations...
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A history of controlled foreign corporations and the foreign tax credit.
Magazine article from: Statistics of Income. SOI Bulletin
; ...the years are the corporate foreign tax credit and controlled foreign corporations. The corporate foreign tax credit was created to alleviate the...branches. A brief history of the foreign tax credit and controlled foreign corporations...
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 "Catalyst (Dublin, Ohio)")
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Treasury clarifies foreign tax credit changes for 2003. (Newsflash: National).
Magazine article from: Catalyst (Dublin, Ohio)
; ...of statutory changes to the foreign tax credit rules that were enacted as...reforming the treatment for foreign tax credit purposes of dividends paid...2002, eliminates the separate foreign tax credit baskets for dividends from...
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Corporate foreign tax credit, 1997.(Statistical Data Included)
Magazine article from: Statistics of Income. SOI Bulletin
; ...S. corporations claiming a foreign tax credit earned $157.9 billion in foreign-sour...billion from 1996 [1]. Under the foreign tax credit provisions, these corporations...S. corporations claiming a foreign tax credit reported worldwide taxable...
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IRS proposes foreign tax credit regs.(FOREIGNTAXABUSE)
Magazine article from: California CPA
; ...released proposed regulations that would disallow foreign tax credits for foreign taxes purportedly paid in connection...artificially engineered, highly structured transactions. Foreign tax credits are designed to relieve U.S. taxpayers from...that a U.S. taxpayer voluntarily subjects itself to ...
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