CFA Level 3 | PWM: Foreign Tax Credit Provisions (Credit/Exemption/Deduction Method)

Visit https://www.noesis.edu.sg for more info on CFA prep courses in Malaysia, Singapore, or wherever you are.

☕ Like the content? Support this channel by buying me a coffee at https://www.buymeacoffee.com/riskmaestro

CFA Level 3
Topic: Private Wealth Management
Reading: Taxes and Private Wealth Management in a Global Context

Residence–source conflicts are the most common source of double taxation. Foreign tax credit provisions or double taxation treaties help to mitigate/eliminate double taxation. The foreign tax credit provisions we will discuss are:

1) Credit Method
- Taxpayer pays source jurisdiction in full.-
- Residence jurisdiction reduces tax rate by the amount paid to the source jurisdiction (limited to a minimum of zero).

2) Exemption Method
- Taxpayer pays source jurisdiction in full.
- Residence jurisdiction exempts taxpayer on foreign-sourced income.

3) Deduction Method
- Taxpayer pays source jurisdiction in full.
- Taxpayer pays residence jurisdiction, at a discounted rate.

Visit www.noesis.edu.sg for more info on CFA prep courses in Malaysia, Singapore, Vietnam, or wherever you are.

Facebook: https://www.facebook.com/noesisMY/

LinkedIn: https://www.linkedin.com/company/noesisklsg

Видео CFA Level 3 | PWM: Foreign Tax Credit Provisions (Credit/Exemption/Deduction Method) канала Fabian Moa, CFA, FRM, CTP, FMVA