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USCo owns 100% of Forco, a foreign coporation. Forco earns 10 million of Subpart F income on which it pays country F tax at a
USCo owns 100% of Forco, a foreign coporation. Forco earns 10 million of Subpart F income on which it pays country F tax at a %15 rate. What are creditable foreign taxes of USco? What is USCos's foreign tax credit limitation?
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