Under current tax law,U.S.corporations are:
A) not permitted to claim tax payments to foreign governments as a credit against U.S.taxes.
B) permitted to claim tax payments to foreign governments as a credit against U.S.taxes.
C) exempt from the corporate income tax if they have production facilities located abroad.
D) required to pay both foreign taxes and U.S.taxes with no credits.
Correct Answer:
Verified
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