Education Jobs and Medicaid Assistance Act Archives

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New International Tax Provisions

October 14, 2010

On August 10 2010, President Obama signed into law the Education Jobs and Medicaid Assistance Act (Act). Th Act tightens the rules on the use of foreign tax credit by multinationals to lower their U.S tax bill. In general, the new law’s foreign tax provisions attempt to (1) make foreign tax credits (FTCs) available only…

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