The foreign tax credit method followed by the United States is
A) to grant the parent firm credit against its U.S.tax liability for taxes paid to foreign tax authorities on foreign-source income.
B) in place for the purpose of avoiding double taxation.
C) to grant the parent firm credit against its U.S.tax liability for taxes paid to foreign tax authorities on foreign-source income,and is in place for the purpose of avoiding double taxation.
D) none of the options
Correct Answer:
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