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Home Q & A Board Humanities Legal Studies
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Wilt66 Wilt66
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6 years ago
In order to avoid double taxation on the income of foreign subsidiary companies, U.S. tax law:
 A) does not tax income repatriated to the U.S. parent company.
 B) allows the U.S. parent company to take a 100 percent tax credit for foreign income taxes paid.
 C) provides a deduction for foreign income taxes paid.
 D) none of the above. U.S. companies are usually subject to double taxation when they have foreign subsidiaries.
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jdbreijdbrei
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