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Under U.S. tax law, what is the basis for the overall foreign tax credit limitation? Multiple Choice To make sure that foreign governments get their

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Under U.S. tax law, what is the basis for the overall foreign tax credit limitation? Multiple Choice To make sure that foreign governments get their fair share of a foreign subsidiary's income To ensure that the foreign tax credit taken by a corporation does not exceed the actual foreign tax it paid To make sure that the foreign tax credit taken by a corporation does not exceed the amount of taxes the foreign affiliate would have paid in the U.S. To minimize world-wide taxes on the U.S. corporation

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