Effective foreign tax rate. For purposes of this section, the term "effective foreign tax rate" means— (1) With respect to a single controlled foreign corporation, the percentage which — (A) The income, war profits, or excess profits taxes paid or... Statistics of Income from Returns of Net Income - Page 222by United States. Internal Revenue Service - 1951Full view - About this book
| United States. Internal Revenue Service - 1924 - 396 pages
...$50, 000 Income from sources without the United States 25,000 Total nt-t income (without deduction of income and profits taxes paid or accrued to foreign countries or possessions of the United States) 75, OIK) United States normal tax and surtax on $75,000 13. 290 Foreign income and profits... | |
| 1951 - 984 pages
...with net income. Of this amount, $96,253,292 is reported on returns with balance sheets and $155,584 on returns with no balance sheets. Such credit is...LIABILITY AND COLLECTIONS, FACTORS AFFECTING COMPARABILITY The tax liability shown in this report (the total amount reported on the corporation returns as filed)... | |
| Robert Hiester Montgomery - 1925 - 1928 pages
...$50,000 Income from sources without the United States 25,000 Total net income (without deduction of income and profits taxes paid or accrued to foreign countries or possessions of the United States) 75,ooo United States normal tax and surtax on $75,000 13,290 Foreign income and profits taxes... | |
| United States. Internal Revenue Service - 1951 - 530 pages
...is not tabulated separately. The Internal Revenue Code provides the following methods for reporting income and profits taxes paid or accrued to foreign countries or possessions of the United States: (1) Under section 131 of the Code such tax may be claimed as a credit against income tax payable... | |
| 1954 - 766 pages
...net income from all sources (computed without deduction for any income, war-profits, and excewprofit* taxes paid or accrued to foreign countries or possessions of the United States) I ..-.— ^ П. Total United State» income tax (before credit for foreign taxes) I . Taxes... | |
| United States. Internal Revenue Service - 1931 - 502 pages
...00 Income from sources without the United States 25, 000. 00 Total net income (without deduction of income and profits taxes paid or accrued to foreign countries or possessions of the United States) 75,000.00 United States income tax on $75,000 10, 183. 75 Foreign income and profits taxes... | |
| United States. Bureau of Internal Revenue - 1933 - 452 pages
...taxable year, is the amount allowable as a credit against the income tax under Title I for income or profits taxes paid or accrued to foreign countries or possessions of the United States. The operation of the limitations on the credit for foreign taxes may be illustrated by the... | |
| United States. Internal Revenue Service - 1936 - 604 pages
...taxable year, is the amount allowable as a credit against the income tax under Title I for income or profits taxes paid or accrued to foreign countries or possessions of the United States. The operation of the limitations on the credit for foreign taxes may be illustrated by the... | |
| United States. Board of Tax Appeals - 1937 - 1380 pages
...000. 00 Income from sources without the United States 25,000.00 Total net income (without deduction of income and profits taxes paid or accrued to foreign countries or possessions of the United States 75, 000. 00 United States income tax on $75,000 10,183.75 Foreign Income and profits taxes upon... | |
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