The Purpose of the Deemed Paid Foreign Tax Credit Is

The purpose of the deemed paid foreign tax credit is:

A) To allow foreign corporations to compete fairly with U.S. corporations doing business in the foreign jurisdiction.
B) To allow U.S. corporations operating through foreign subsidiaries to receive a foreign tax credit for income taxes paid by their subsidiaries.
C) To allow U.S. corporations operating through foreign branches to receive a foreign tax credit for income taxes paid by their branches.
D) To allow U.S. corporations to compete fairly with foreign corporations doing business in the United States.