Page 191 - International Taxation IRS Training Guides
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GILTI FTCs







              TCJA
                               provides a deemed paid credit of 80% of foreign

                  taxes
                               attributable to tested income under IRC 960(d)


              Separate foreign tax credit basket so that
                                                                                                           these taxes

                                  credited against US tax imposed on other
                  are not

                  foreign-source income




              No carryforward or carryback of
                                                                                   taxes in GILTI basket























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