What is the definition of Foreign tax deduction? | Dictionary.net

FOREIGN TAX DEDUCTION

\fˈɒɹən tˈaks dɪdˈʌkʃən], \fˈɒɹən tˈaks dɪdˈʌkʃən], \f_ˈɒ_ɹ_ə_n t_ˈa_k_s d_ɪ_d_ˈʌ_k_ʃ_ə_n]\

Definitions of FOREIGN TAX DEDUCTION

1910 - Black's Law Dictionary (2nd edition)

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A deduction that is taken for taxes paid to a foreign government. It is tax withholding. It is done instead taking a foreign tax credit. It is better for the tax payer.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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