SOI Tax Stats - Corporate foreign tax credit statistics

 

Corporate Foreign Tax Credit, Tax Year 2017 One SheetPDF

What is the Corporate Foreign Tax Credit?

The corporate foreign tax credit is a set of provisions designed by Congress to eliminate potential double taxation on the foreign-source income of U.S. corporations. Double taxation occurs when an item of income is taxed by both the United States, as the corporation's country of residence, as well as by the country where the income was generated. The current provisions allow U.S. businesses to credit their foreign taxes paid, accrued, or deemed paid against their U.S. income tax liability, subject to limitations that prevent taxpayers from using taxes paid in a country with a higher tax rate than the U.S. to offset their tax liability on U.S. income. Corporations are required to calculate this credit separately for different income categories to prevent taxpayers from combining income that is traditionally taxed at low rates, such as dividend or interest income, with income that is typically taxed at higher rates, such as active business income. The corporate foreign tax credit is reported on Form 1118, Foreign Tax Credit - Corporations.

For information about selected terms and concepts and a description of the data sources and limitations, please visit Corporate Foreign Tax Credit Study Metadata.


Statistical tables

The following tables are available as Microsoft Excel® files.  A free Excel viewer is available for download, if needed.

U.S. Corporation Income Tax Returns with a Foreign Tax Credit

Data presented Classified by Tax years
Table 1:  Total Assets, Income, Taxes, and Credits, and Foreign Income, Deductions, and Taxes Major and selected minor industry 2020XLSX   2018XLSX   2017XLSX   2016XLSX   2015XLSX   2014XLS   2013XLS   2012XLS   2011XLS   2010XLS   2009XLS   2008XLS   2007XLS   2006XLS   2005XLS   2004XLS   2003XLS   2002XLS   2001XLS   2000XLS   1999XLS   1998 (by NAICS)XLS   1998 (by SIC)XLS   1997XLS   1996XLS   1995XLS   1994XLS   1993XLS   1992XLS
Table 1.1:  Returns with Income in Excess Credit Position: Foreign Income, Deductions, and Taxes for Tax Year 2010 only Major and selected minor industry 2010XLS
Table 1.2:  Returns with Income in Excess Limitation Position: Foreign Income, Deductions, and Taxes for Tax Year 2010 only Major and selected minor industry 2010XLS
Table 2 [Discontinued]:  Foreign Income, Deductions, and Taxes Industrial sector and by type of foreign income for which separate credit was computed  2006XLS   2005XLS   2004XLS   2003XLS   2002XLS   2001XLS   2000XLS   1999XLS   1998XLS   1997XLS   1996XLS   1995XLS   1994XLS   1993XLS   1992XLS

Table 2: Foreign Income, Deductions, and Taxes
Note: Listed as 'Table 3' prior to Tax Year 2006.

Selected country to which foreign taxes were paid 2020XLSX   2018XLSX   2017XLSX   2016XLS   2015XLS   2014XLS   2013XLS   2012XLS   2011XLS   2010XLS   2009XLS   2008XLS   2007XLS   2006XLS   2005XLS   2004XLS   2003XLS   2002XLS   2001XLS   2000XLS   1999XLS   1998XLS   1997XLS   1996 XLS   1995XLS   1994XLS   1993XLS   1992XLS
Table 3:  Foreign Income, Deductions, and Taxes Category of foreign income for which separate credit was computed 2020XLSX   2019XLSX   2018XLSX

SOI Bulletin articles

The following are available as PDF files. A free Adobe® Reader is available for download, if needed.

  • Corporate Foreign Tax Credit

 2018PDF   2016–2017PDF  2013PDF  2012PDF  2011PDF   2010PDF   2009PDF   2008PDF   2007PDF   2006PDF   2005PDF   2004PDF   2003PDF   2002PDF   2001PDF   2000PDF   1999PDF   1998PDF   1997PDF   1996PDF   1995XLS   1994PDF


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Foreign Tax Credit, Claimed on Corporation Income Tax Returns