DC, a Delaware corporation, purchases goods manufactured in the United States by several related corporations and sells them in the United States and countries X and Y. The sales in country X are made through a branch of DC in country X, and the country Y sales are made by an unrelated country Y corporation functioning as DC’s independent sales agent. For the current taxable year, DC’s U.S. taxable income (determined without regard to foreign income taxes) is $1,000, of which $,100 is from the sales through the country X branch, $100 is from the sales to customers in country Y and $800 is from sales in the U.S. DC’s U.S. tax before credit for foreign income taxes is $350. Its country X tax for the year is $40. It pays no country Y tax because it has no permanent establishment in that country. What is DC’s U.S. tax after the foreign tax credit? Assume alternatively:
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more