CFA Level 3 | PWM: Foreign Tax Credit Provisions (Credit/Exemption/Deduction Method)

Visit www.noesis.edu.sg for more info on CFA prep courses in Malaysia, Singapore, or wherever you are.
☕ Like the content? Support this channel by buying me a coffee at www.buymeacoff...
CFA Level 3
Topic: Private Wealth Management
Reading: Taxes and Private Wealth Management in a Global Context
Residence-source conflicts are the most common source of double taxation. Foreign tax credit provisions or double taxation treaties help to mitigate/eliminate double taxation. The foreign tax credit provisions we will discuss are:
1) Credit Method
Taxpayer pays source jurisdiction in full.-
Residence jurisdiction reduces tax rate by the amount paid to the source jurisdiction (limited to a minimum of zero).
2) Exemption Method
Taxpayer pays source jurisdiction in full.
Residence jurisdiction exempts taxpayer on foreign-sourced income.
3) Deduction Method
Taxpayer pays source jurisdiction in full.
Taxpayer pays residence jurisdiction, at a discounted rate.
Visit www.noesis.edu.sg for more info on CFA prep courses in Malaysia, Singapore, Vietnam, or wherever you are.
Facebook: / noesismy
LinkedIn: / noesisklsg

[@11stacem]

Thank you so much! You are AWESOME!

[@FabianMoa]

You're welcome!

[@asadabdulkadirmohamed7904]

How did you get the 58 under the deduction method ? I don't really understand that part .

[@tapmijyo]

Very cool Info

[@coryjbender]

great stuff man - cheers from NY

[@FabianMoa]

Thanks, Cory!

[@MP-mu2gu]

LEGEND SIR