A U.S.corporation may be able to alleviate the problem of excess foreign taxes by:

Question

Quizplus · Accepted Answer

Generating "same basket" foreign-source income that is subject to a tax rate lower than the U.S. tax rate is the best choice as it allows the corporation to reduce its overall tax burden by taking advantage of the lower foreign tax rates. Repatriating more foreign income or deducting excess foreign taxes may not be feasible or practical options in certain situations.

A USCorporation May Be Able to Alleviate the Problem of Excess