Under U.S. tax laws, how are taxes paid by U.S. corporations to foreign governments treated?

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Under U.S. tax laws, taxpayers can choose to deduct total foreign taxes paid or take a credit for foreign income taxes. This is known as the foreign tax credit, which is designed to avoid double taxation of the same income in both the United States and foreign countries. The credit is generally limited to the amount of U.S. tax owed on the foreign income.

Under US Tax Laws, How Are Taxes Paid by U