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. Date of origin31.08.2011CategoriesSupreme Tax Court casesKeywordsloan interest, interest, foreign currenc ...
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. Date of origin06.04.2011CategoriesSupreme Tax Court casesKeywordsinvestment income, capital gain, foreign ...
