Tax
Tax Reconciliation: Foreign Tax Credits
Analysis
StatementIncome Statement
SectionTax
CategoryProfitability
SignalHigher is better
VolatilityModerate
Rolls up to
How to read this metric
Higher credits indicate effective management of international tax exposure and double-taxation relief.
Detailed definition
The reduction in income tax expense resulting from credits claimed for taxes paid to foreign jurisdictions, intended to...
Peer comparison
Common in the tax reconciliation notes of large multinational corporations.
Metric ID:
tmo_tax_reconciliation_foreign_tax_creditsTax Reconciliation: Foreign Tax Credits at Other Companies
Frequently Asked Questions
- What does tax reconciliation: foreign tax credits mean?
- Tax savings achieved by claiming credits for taxes already paid to foreign governments.