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Re: JRoon71 post# 423972

Sunday, 05/05/2024 8:22:48 PM

Sunday, May 05, 2024 8:22:48 PM

Post# of 426557

Based on the search results provided, it does not appear that tax loss credits for a company registered in Ireland can be directly used by a company registered in the US. The key points are:
Irish resident companies are generally taxable in Ireland on their worldwide income and capital gains, with a credit available for foreign taxes paid.
Foreign taxes borne by an Irish resident company may be creditable in Ireland, with a system of onshore pooling of excess foreign tax credits available.
However, the search results do not indicate that tax loss credits from an Irish company can be directly utilized by a US-registered company. The tax systems operate independently.
The search results suggest that the tax treatment and ability to utilize tax credits is specific to the company's tax residency. There is no mention of a mechanism to transfer tax loss credits between an Irish company and a US company. The tax systems appear to be separate, with each company subject to the tax rules of their respective jurisdictions.



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