All foreign taxes qualify for the foreign tax credit.

Name: All foreign taxes qualify for the foreign tax credit.
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Quizplus · Accepted Answer

Not all foreign taxes qualify for the foreign tax credit. Only income, war profits, and excess profits taxes paid or accrued to a foreign country or a U.S. possession qualify for the foreign tax credit. Other taxes like property taxes, value-added taxes (VAT), sales taxes, and social security taxes are not eligible for the foreign tax credit.

All Foreign Taxes Qualify for the Foreign Tax Credit