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

Should Trump succeed in swaying Republican holdouts and passing the 1,116-page bill as-is, there is good news for child tax credit beneficiaries, who would see a temporary $500 increase to $2,500 per ...

Every province and territory allows a corporation to claim a foreign tax credit for taxes it paid to another country on foreign non-business income. This credit reduces the provincial tax otherwise ...

has ruled that a delay in filing the requisite Form 67 should not be the sole basis for denying a claim for Foreign Tax Credit (FTC). The Tribunal’s ruling came in the case of Uttamkumar Tukaram Patil ...

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 ...

In late October 2024, the United States Court of Appeals for the Eleventh Circuit ruled in Romano v. Hancock Life Insurance Company, F.4th 729 (11th Cir. 2024) that certain foreign tax credits ...

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 ...