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A USCorporation May Be Able to Alleviate the Problem of Excess

Question 28

Multiple Choice

A U.S.corporation may be able to alleviate the problem of excess foreign taxes by:


A) Repatriating more foreign income to the United States in the year there is an excess limitation.
B) Generating "same basket" foreign-source income that is subject to a tax rate lower than the U.S.tax rate.
C) Deducting the excess foreign taxes.
D) a. ,b. ,and c.

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