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What is the withholding tax on the dividend paid to ForCo

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Problem - ForCo, a foreign corporation not engaged in a U.S. trade or business,received an $800,000 dividend from USCo, a domestic corporation. ForCo incurred $75,000 in expenses related to earning the dividend. All of USCo's income is from U.S. sources. ForCo is eligible for an income tax treaty that limits with-holding on dividends to 10%. What is the withholding tax on the dividend paid to ForCo?

Reference no: EM132647983

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