All taxes paid to a foreign government by a U.S.corporation are creditable on the corporation's U.S.tax return.

Name: All taxes paid to a foreign government by a U.S.corporation are creditable on the corporation's U.S.tax return.
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Not all foreign taxes are creditable; only those that meet specific criteria under U.S. tax law, such as being an income tax or a tax in lieu of an income tax, are eligible for the foreign tax credit.

All Taxes Paid to a Foreign Government by a U