31.08.2011 Foreign tax credit on hedged loan interest takes hedge costs ... The Supreme Tax Court has held that the hedge costs on a foreign currency loan are to be deducted from the interest received in calculating the net foreign income as the basis for the foreign tax credit available. Categories: Supreme Tax Court casesKeywords: loan interest, interest, foreign currenc ...
06.04.2011 No deduction for private currency speculation losses before ... The Supreme Tax Court has refused a taxpayer a deduction for a series of short-term losses incurred through speculating in foreign currencies. Categories: Supreme Tax Court casesKeywords: investment income, capital gain, foreign ...
