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The Changing Landscape of the Foreign Tax Credit Regime

Introduction The tax landscape is changing for the amount U.S. multinational corporations may claim through the foreign tax credit. This change is the result of the Statutory Pay-As-You-Go Act of 2010 that requires any increased spending must be offset by a corresponding increase in revenue. [1...

The Repeal of the 80/20 Regime

On August 10, 2010, the President signed into law the Education, Jobs and Medicaid Assistance Act , P.L. 111-226, which, although not evident in the name of the Act, contained certain key foreign tax credit provisions and other rules that significantly affect U.S. multinational corporations. The...

State Net Capitol Journal – December 14, 2015; Alaska Governor Proposes Challenging Deficit Reduction Plan

Budget & Taxes AK Gov Proposes Challenging Deficit Reduction Plan Last week Alaska Gov. Bill Walker (I) unveiled his long-awaited plan to address the state’s multi-billion budget deficit, resulting from plunging oil prices and reduced oil production in the state. The proposal includes...