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

The exact details of what the federal tax credit would entail remain unknown ... Movies coming into our Country that are produced in Foreign Lands.” It is unclear how the Trump administration ...

If approved and put into effect, such a tax credit would be the largest subsidy ... movies coming into our country that are produced in foreign lands." He did not make it clear how such tariffs ...

If double taxation sounds draconian, take heart. The U.S. tax code offers a foreign tax credit. This allows you to use all—or at least some—of those foreign taxes to offset your liability to ...

However, you can claim foreign tax credit (FTC) for taxes paid in the US—but only up to the lower of the actual US tax paid or the Indian tax payable on the same income. If you opt for the new ...

The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow ...

A burgeoning appetite for global diversification is driving Indian investors beyond domestic shores. Driven by a combination of technological advancements, a more permissive regulatory landscape ...

The U.S. is moving to curb imports of used cooking oil, preventing foreign supplies used to make biofuels from qualifying for a lucrative tax credit. In long-awaited guidance, U.S. Treasury ...

Foreign tax can generally be recovered on a Canadian tax return by claiming foreign tax credits. In most cases, this reduces the Canadian tax payable by the foreign tax already paid. However ...

To mitigate this, the government provides a Foreign Tax Credit (FTC) to safeguard taxpayers from paying taxes twice on the same income. This credit is accessible to all taxpayers by filing Form 67.

As the world continues to become a smaller place with Americans working abroad as well as investing in overseas companies, the chances of being charged foreign taxes also occurs. From foreign ...