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Feds Crack Down On Multinationals' Foreign Tax Credits

By Vidya Kauri (September 15, 2016, 6:11 PM EDT) -- The ability of multinational companies to lower their U.S. tax bills by claiming a credit for taxes paid abroad may soon be limited, after the U.S. Department of the Treasury revealed Thursday it is drafting rules to curb this practice when foreign governments make tax adjustments....

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