Assertion: taxpayer's tax | /r/HasProperty | foreign levy
Facets:
value: for foreign tax credit purposes
type: PURPOSE
Source sentences:
text: The tax must be a foreign levy that is not payment for a specific economic benefit and the tax must be imposed in place of, and not in addition to, an income tax otherwise generally imposed.
text: For foreign tax credit purposes, all qualified taxes paid to U.S. possessions are considered foreign taxes.