Credit Method

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Full Text of the Document

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....use the income is also income derived by a resident of that State or because the capital is also capital owned by a resident of that State), the first-mentioned State shall allow: (a) as a deduction from the tax on the income of that resident an amount equal to the income tax paid in that other State; (b) as a deduction from the tax on the capital of that resident, an amount equal to the capit....