Congress Enacts International Tax Legislation, Limits Use of Foreign Credits

Congress Enacts International Tax Legislation, Limits Use of Foreign Credits

By David G. Noren, James A. Riedy, PC, Lowell D. Yoder, Robert A. Clary, II and Menna Eltaki

Congress recently enacted international tax provisions that were previously designated as revenue raisers in the not-yet enacted Extenders Legislation; prospective effective dates allow time for necessary planning.

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