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5. Foreign tax credit or FTC Scheme You are an assistant to the CFO at Home Depot. She wants you to provide very short responses

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5. Foreign tax credit or FTC Scheme You are an assistant to the CFO at Home Depot. She wants you to provide very short responses for following questions: a. If the tax rate in Canada is lower than in the US, what is the tax treatment under the FTC scheme for bringing cashflows from Canada? Ifthe tax rate in Mexico is greater than the tax rate in the US, what is the tax treatment under the FTC scheme for bringing cashflows from Mexico into the US? b

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