The Foreign Tax Credit Regime Is the Primary Mechanism Used

question 53

True/False

The foreign tax credit regime is the primary mechanism used by the United States government to mitigate or eliminate the potential double taxation of income earned by U.S.persons outside the United States.

---

Definitions:

Individualism

A social and political philosophy that emphasizes the moral worth of the individual, endorsing independence and self-reliance while often opposing external interference.

Toledo, Ohio

A city in the U.S. state of Ohio, known for its industry, particularly in glass and auto parts manufacturing.

Progressive Reformers

Advocates for political, social, and economic reforms aimed at addressing the injustices and inefficiencies of the early 20th century.

Streetcars

Rail vehicles which run on tracks in urban streets for public passenger transport; also known as trams or trolleys in some regions.