ParCo (DDD-country based company) has 3 branches in different countries: AAA, BBB and CCC.

The branches generated incomes of DDD currency (DC) DC100,000; DC200,000 and DC300,000 respectively.

DDD-country income tax rate is 35%.

Income tax rates for the countries are listed below:

Country	AAA	BBB	CCC
Income tax rate	50%	40%	30%

1) DDDs income tax before FTC;

2) Foreign income taxes paid;

3) Foreign tax credit (FTC) allowed;

4) Net DDD-country tax liability before excess FTC;

5) Excess foreign tax credit.