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

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

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 ...

Living overseas won’t let you off the hook from certain tax obligations, as you’re still required to file a tax return with ...

Common mistakes to avoid while claiming foreign tax credit All three experts agree that filing Form 67 late or with incomplete details is a major reason for rejections. Errors in reporting foreign ...

U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced outside ...

The House tax and spending bill passed in May also extends the tax credit, known as 45Z, through 2031, but bans most foreign feedstocks from being eligible for credits.

Foreign tax credit, or FTC, is a key provision in international taxation that helps residents avoid double taxation. When a taxpayer earns income abroad and pays tax in a foreign country, FTC allows ...

U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20% of the value of the credit for biofuels made from feedstocks produced ...

The House tax and spending bill passed in May also extends the tax credit, known as 45z, through 2031, but bans most foreign feedstocks from being eligible for credits. Both the House and Senate ...