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Also available:
World English Dictionary
Dictionnaire Français
foreign tax credit
for·eign tax cred·it
(
plural
for·eign tax cred·its
)
noun
Definition:
credit for paying tax abroad:
a credit against federal income tax for a taxpayer who has paid taxes to another country
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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