Recent court holdings allowing the credit against the tax may encourage similarly situated taxpayers, but procedural hurdles ...

Learn how Indian residents earning foreign income can claim Foreign Tax Credit (FTC) for FY 2024-25. Understand Form 67 submission, DTAA, and ...

ITAT Kolkata held that filing of Form No. 67 is directory and no mandatory and the credit for foreign taxes cannot be denied for mere delay in filing the Form No. 67. Accordingly, appeal of the ...

Being a U.S. citizen abroad comes with responsibilities, but double taxation doesn’t have to be one of them. Here's what you ...

The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending ...

Some understand the bill as increasing the rate of U.S. foreign withholding tax by a maximum of 20 percentage points, either to 35 per cent from the 15 per cent rate available under the Canada-U.S ...

Gavin Newsom said on Wednesday he wants to see President Donald Trump “match the ambition” that California is enacting with this tax credit.

Foreign firms have long reinvested profits to expand their operations in the country, but geopolitical tensions have dampened ...

BEIJING - China's finance, taxation, and commerce authorities on Monday unveiled a tax incentive granting foreign investors a ...

Provisions that aim to prevent U.S. tax credits from going to China are written in a way that could shut off just about all ...

The European Commission on Wednesday proposed an EU climate target for 2040 that for the first time will allow countries to ...