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Foreign Tax Credit in the US for the Value Added Tax

Andres E. Bazo
affiliation not provided to SSRN

Tax Notes International, Vol. 51, No. 4, 2008

Abstract:
This paper reviews the literature and evidence on the possibility of allowing a Foreign Tax Credit (FTC) in the US for the Value Added Tax (VAT) paid abroad. Additionally, reviews the differences between Direct and Indirect Taxes towards the allowance of a FTC; the possible inclusion as a tax treaty provision as an aid tool for developing countries; the shiftability issue of the indirect taxes and the limitations imposed by Sec. 901 and 904 of the Internal Revenue Code.

Keywords: Foreign Tax Credit, VAT, Shiftability

JEL Classifications: E61, E62, F2, F3, H2

Accepted Paper Series

Date posted: December 24, 2008 ; Last revised: February 19, 2009

Suggested Citation

Bazo, Andres E., Foreign Tax Credit in the US for the Value Added Tax (April 10, 2008). Tax Notes International, Vol. 51, No. 4, 2008. Available at SSRN: http://ssrn.com/abstract=1319819

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Andres E. Bazo (Contact Author)

affiliation not provided to SSRN ( email )