Foreign Tax Credit Pooling System: Is It Always Better? (Part 1 of 3)

• Main Authors: KHOO, Teng Aun, TAN, Clement Kai Guan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Foreign Tax Credit Pooling System Double Taxation; Accounting; Taxation
• Online Access: https://ink.library.smu.edu.sg/soa_research/1436; https://ink.library.smu.edu.sg/context/soa_research/article/2435/viewcontent/201501Part1FTCpoolingSystem.pdf
• Institution: Singapore Management University

Presently, there are two systems under which the FTC can be granted subject to satisfying certain conditions 1. FTC source-by-source and country-by-country system (SCS), and 2. FTC pooling system (PS) Under the SCS of computing the FTC, the excess of FTP over the STP on one type of FI (say divide...