An Indirect Foreign Tax Credit Arises When

An indirect foreign tax credit arises when:

A) taxes paid by a parent on foreign branch income is deducted from taxes owed to the parent's home country.
B) taxes paid by a foreign subsidiary are taken as a credit against a parent's taxes when dividends are received from the subsidiary.
C) taxing jurisdictions agree to share the taxes paid by a foreign subsidiary.
D) a foreign taxing jurisdiction does not tax a subsidiary within its jurisdiction and allows the parent country to tax the foreign source income.