As the income tax return (ITR) filing season is here, Indian investors with global exposure must pay attention to how their ...

Further, the investor may also be required to pay tax in the country of the Foreign company whose stocks/ units are held by him. In such case, he can claim tax credit of such taxes which are paid ...

“The problem is that pretty much all the studios are moving tons of production overseas to reduce production costs and leverage foreign credits,“ Rosenblatt Securities analyst Barton Crockett told ...

that amount can be subtracted from their U.S. tax liability thanks to the foreign tax credit. That may have applied to Leo during the many years he worked in Peru, which also taxes full-year ...

U.S. President Donald Trump would have the power to retaliate against countries that impose special digital service taxes on ...

Meyer Burger closes Arizona solar panel plant in latest blow to industry in U.S. Taylor Swift reveals she’s bought back ...

The House of Representatives has passed a sweeping tax reconciliation bill that makes significant changes to the U.S. energy tax credit regime.

Summary: Indian residents earning income abroad that is also taxed in India can seek relief from double taxation through the Foreign Tax Credit (FTC) mechanism. Available under Section 90 or 90A of ...

Further, these partnerships often invest in foreign entities. Many partners, especially limited partners, have no ability to direct the partnership’s operations and investment choices. Since foreign ...

The bill extends tax credit benefits and transferability for nuclear energy projects, including restarts and upgrades, while ...

Newsom’s proposal comes a day after Trump announced plans to impose a 100% tariff on films shot outside the U.S.