How are foreign tax credits treated in cases of significant differences in tax rates? скачать в хорошем качестве

How are foreign tax credits treated in cases of significant differences in tax rates?

FULL QUESTION: How are foreign tax credits treated in cases of significant differences in tax rates? For example, are US expats in the UK, where the tax rate is 40-45%, due to a UK tax credit with significantly lower tax rates in the US? ------- In this Q&A video, we dive into the complexities of foreign tax credits (FTCs) for US expats living in high-tax countries like the UK, where tax rates can reach 40-45%. We explain how the US Foreign Tax Credit works, strategies for dealing with excess credits, and how options like the Foreign Earned Income Exclusion (FEIE) can play a role. Discover how international tax treaties, such as the US-UK Tax Treaty, impact these scenarios and how strategic tax planning can help mitigate the higher tax burden. Whether you’re a US expat or a tax professional, understanding FTCs is crucial for optimal tax management. Visit this page for the full written answer: https://academyoftaxlaw.com/tax-knowl... QUESTION POSTED BY: Student PROGRAMME: Postgraduate Diploma in International Taxation TOPIC: Double Tax/ Foreign Tax Relief (WEEKS 25 & 26) LECTURER: Renier van Rensburg The Postgraduate Programme in International Taxation includes: Postgraduate Certificate in International Taxation Postgraduate Diploma in International Taxation Master (MSc) in International Taxation For more information on this programme and others, please visit our website: https://academyoftaxlaw.com/internati... -------------------