Examlex
It is illegal to use price sensitive information that is not generally available to the public to buy or sell shares or other securities.This offence is known as:
Foreign Tax Credit
A tax credit that allows taxpayers to offset income tax paid to foreign countries against their U.S. tax liability to avoid double taxation.
U.S. Income Tax
A charge imposed by the U.S. federal government on the yearly income of individuals, companies, trusts, and various legal bodies.
Foreign Government
It refers to the government of a country other than one's own.
Retirement Savings Contributions Credit
A tax credit available to low and moderate-income individuals and families who contribute to qualified retirement savings accounts, aiming to encourage retirement savings.
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