Quote:However, we aren't talking income tax here. If a corporate expense involves paying tax over seas, the company gets the credit.

Yes we are. The foreign tax credit is a provision for income taxes (individual or corporate)


Now could Apple claim the tax as an expense against their income if they do pay it out of the parent company funds? I think so, but that isn't the tax credit the white house and these articles are referring to. And it wouldn't result in a 1 for 1 increase of tax burden on tax payers.

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