Title: Foreign Tax Credit in the US for the Value Added Tax
Abstract: This paper reviews the literature and evidence on the possibility of allowing a Foreign Tax Credit (FTC) in the US for the Value Added Tax (VAT) paid abroad. Additionally, reviews the differences between Direct and Indirect Taxes towards the allowance of a FTC; the possible inclusion as a tax treaty provision as an aid tool for developing countries; the shiftability issue of the indirect taxes and the limitations imposed by Sec. 901 and 904 of the Internal Revenue Code.
Publication Year: 2008
Publication Date: 2008-04-10
Language: en
Type: article
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