Splitting of Foreign Tax Credits: Guardian Industries
{"Image DocumentName": "Splitting of Foreign Tax Credits: Guardian Industries", "Image ImageDescription": "See Guardian Industries v. United States, 77 F.3d 1368 (Fed. Cir. 2007), aff\u2019g 65 Fed Cl. 50 (2003). IHC. (U.S.) Legally liable for the foreign taxes paid on the subsidiaries\u2019 income under Luxembourg law (so entitled to a foreign tax credit for taxes paid on the subsidiaries\u2019 income). As a result, in this structure, if the operating subsidiaries do not generate subpart F income or distribute dividends to the holding company, the U.S. holding company is entitled to foreign tax credits on foreign income not subject to U.S. tax. GIE. (Lux) Lux Subsidiaries. Lux Subsidiaries. Lux Subsidiaries.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}