{"id":2103,"date":"2023-10-16T16:50:55","date_gmt":"2023-10-16T16:50:55","guid":{"rendered":"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/"},"modified":"2025-08-05T12:43:11","modified_gmt":"2025-08-05T12:43:11","slug":"understanding-section-905c-and-the-foreign-tax-credit","status":"publish","type":"insight","link":"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/","title":{"rendered":"Understanding Section 905(c) and the Foreign Tax Credit"},"content":{"rendered":"
\n\n\n\n\n
\n
\n

Multinational companies are often subject to double taxation. In his latest article for\u00a0<\/span>WTS Global<\/a>, GTM’s\u00a0<\/span>Andrew McKinley<\/a> explains how the Foreign Tax Credit (FTC) can prevent double taxation and promote fairness for U.S. businesses in the global marketplace. He also explains the significance of IRC Section 905(c), and how it ensures accurate tax reporting and compliance. Read the full article here<\/a>.\u00a0<\/span><\/p>\n\n <\/div>\n<\/div><\/div>","protected":false},"template":"","meta":{"_acf_changed":true},"class_list":["post-2103","insight","type-insight","status-publish","hentry"],"acf":[],"yoast_head":"\nUnderstanding Section 905(c) and the Foreign Tax Credit<\/title>\n<meta name=\"description\" content=\"Multinational companies are often subject to double taxation. In his latest article for\u00a0WTS Global, GTM's\u00a0Andrew McKinley explains how the Foreign Tax Credit (FTC) can prevent double taxation and promote fairness for U.S. businesses in the global marketplace.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding Section 905(c) and the Foreign Tax Credit\" \/>\n<meta property=\"og:description\" content=\"Multinational companies are often subject to double taxation. In his latest article for\u00a0WTS Global, GTM's\u00a0Andrew McKinley explains how the Foreign Tax Credit (FTC) can prevent double taxation and promote fairness for U.S. businesses in the global marketplace.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/\" \/>\n<meta property=\"og:site_name\" content=\"GTM Tax\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-05T12:43:11+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/\",\"url\":\"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/\",\"name\":\"Understanding Section 905(c) and the Foreign Tax Credit\",\"isPartOf\":{\"@id\":\"https:\/\/gtmtax.com\/#website\"},\"datePublished\":\"2023-10-16T16:50:55+00:00\",\"dateModified\":\"2025-08-05T12:43:11+00:00\",\"description\":\"Multinational companies are often subject to double taxation. In his latest article for\u00a0WTS Global, GTM's\u00a0Andrew McKinley explains how the Foreign Tax Credit (FTC) can prevent double taxation and promote fairness for U.S. businesses in the global marketplace.\",\"breadcrumb\":{\"@id\":\"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gtmtax.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Understanding Section 905(c) and the Foreign Tax Credit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gtmtax.com\/#website\",\"url\":\"https:\/\/gtmtax.com\/\",\"name\":\"GTM Tax\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gtmtax.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Understanding Section 905(c) and the Foreign Tax Credit","description":"Multinational companies are often subject to double taxation. In his latest article for\u00a0WTS Global, GTM's\u00a0Andrew McKinley explains how the Foreign Tax Credit (FTC) can prevent double taxation and promote fairness for U.S. businesses in the global marketplace.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/","og_locale":"en_US","og_type":"article","og_title":"Understanding Section 905(c) and the Foreign Tax Credit","og_description":"Multinational companies are often subject to double taxation. In his latest article for\u00a0WTS Global, GTM's\u00a0Andrew McKinley explains how the Foreign Tax Credit (FTC) can prevent double taxation and promote fairness for U.S. businesses in the global marketplace.","og_url":"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/","og_site_name":"GTM Tax","article_modified_time":"2025-08-05T12:43:11+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/","url":"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/","name":"Understanding Section 905(c) and the Foreign Tax Credit","isPartOf":{"@id":"https:\/\/gtmtax.com\/#website"},"datePublished":"2023-10-16T16:50:55+00:00","dateModified":"2025-08-05T12:43:11+00:00","description":"Multinational companies are often subject to double taxation. In his latest article for\u00a0WTS Global, GTM's\u00a0Andrew McKinley explains how the Foreign Tax Credit (FTC) can prevent double taxation and promote fairness for U.S. businesses in the global marketplace.","breadcrumb":{"@id":"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gtmtax.com\/insight\/understanding-section-905c-and-the-foreign-tax-credit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gtmtax.com\/"},{"@type":"ListItem","position":2,"name":"Understanding Section 905(c) and the Foreign Tax Credit"}]},{"@type":"WebSite","@id":"https:\/\/gtmtax.com\/#website","url":"https:\/\/gtmtax.com\/","name":"GTM Tax","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gtmtax.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/gtmtax.com\/wp-json\/wp\/v2\/insight\/2103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtmtax.com\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/gtmtax.com\/wp-json\/wp\/v2\/types\/insight"}],"wp:attachment":[{"href":"https:\/\/gtmtax.com\/wp-json\/wp\/v2\/media?parent=2103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}