Which of the Following Foreign Taxes Are Not Creditable for U.S.tax

question 43

Multiple Choice

Which of the following foreign taxes are not creditable for U.S.tax purposes?

• A) Direct taxes paid by a U.S. corporation on income earned in a foreign branch.
• B) Deemed paid taxes on a dividend received by a U.S. corporation from its 100 percent owned foreign subsidiary.
• C) Withholding taxes imposed on a dividend received by a U.S. corporation from its 100 percent owned foreign subsidiary.
• D) All of these taxes are creditable.