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In many foreign tax systems, the corporate tax is treated as an advance payment of the shareholder's tax liability, which is then credited to the
In many foreign tax systems, the corporate tax is treated as an advance payment of the shareholder's tax liability, which is then credited to the shareholder upon receipt of a dividend. Does this raise a subsidy issue according to Treas. Reg. 1.901-2(e)(3)? Provide US tax codes or regulations to support the answer.
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