SOI Tax Stats - Corporate Foreign Tax Credit Statistics

 

Corporate Foreign Tax Credit, Tax Year 2017 One Sheet PDF PDF
 
Please note change to “Tax Year 2017” in hyperlinked text.

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      SOI Bulletin Articles      Archive
 


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

Table 1 
Data Presented:    Total Assets, Income, Taxes, and Credits, and Foreign Income, Deductions, and Taxes
Classified by:        Major and selected minor industry

Table 1.1 
Data Presented:    Returns with Income in Excess Credit Position: Foreign Income, Deductions, and Taxes for Tax Year 2010 only
Classified by:        Major and selected minor industry

Table 1.2 
Data Presented:    Returns with Income in Excess Limitation Position: Foreign Income, Deductions, and Taxes for Tax Year 2010 only
Classified by:        Major and selected minor industry

Table 2 Discontinued* 
Data Presented:    Foreign Income, Deductions, and Taxes
Classified by:        Industrial sector and by type of foreign income for which separate credit was computed 
                            *Note: Tax Year 2006 is the last year published for this table.

Table 2
Data Presented:    Foreign Income, Deductions, and Taxes
Classified by:        Selected country to which foreign taxes were paid
                            *Note: Listed as 'Table 3' prior to Tax Year 2006. 
 


SOI Bulletin Articles

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

  • Corporate Foreign Tax Credit

         2013 PDF  2012 PDF

         2011 PDF   2010 PDF   2009 PDF   2008 PDF   2007 PDF   2006 PDF   2005 PDF   2004 PDF   2003 PDF   2002 PDF   2001 PDF   2000 PDF   1999 PDF   1998 PDF

         1997 PDF   1996 PDF   1995 XLS   1994 PDF

 


Archives

Foreign Tax Credit, Claimed on Corporation Income Tax Returns