1118 2002

Corporate Foreign Tax Credit, 00 Data Release F or 2002, corporations filing a U.S. tax return claimed $42.4 billion in foreign tax credits. The foreign tax credit enabled these corporations to reduce their U.S. tax liability by 34.9 percent, from $121.5 billion to $79.1 billion. In percentage terms, this represents the largest share of foreign tax credits claimed against U.S. taxes since 1990 [1]. Additional credits, including the general business credit and the U.S. possessions tax credit, further reduced total U.S. tax to $70.3 billion. The 4,767 corporations claiming foreign tax credits for 2002 earned $343.9 billion of worldwide taxable income and paid $121.5 billion in worldwide income taxes. Of these amounts, 46.8 percent ($160.9 million) of the income and 34.1 percent ($41.5 million) of the taxes were derived from foreign-sources. The United Kingdom, Japan, Canada, Germany, and the Netherlands accounted for the largest shares of foreign-source taxable income. These five countries combined to account for 36.5 percent of all foreign-source taxable income and 40.6 percent of all foreign taxes. Also, European countries were the source for 44.7 percent of foreign-source taxable income and 41.2 percent of foreign taxes. Corporations classified as manufacturers accounted for a majority share of financial measures related to the foreign tax credit. Manufacturing corporations claimed $29.4 billion (69.4 percent) in foreign tax credits, earned $105.2 billion (65.4 percent) in foreign-source taxable income, and paid $27.4 billion (66.0 percent) in foreign taxes. The services industry had the second-largest share of foreign tax credits (10.7 percent) and foreign taxes (12.7 percent) and was third in foreign-source income (9.4 percent). Finance, insurance, real estate, and rental and leasing corporations earned the second-largest share of foreign-source gross income (10.7 percent) with $17.2 billion. Data Sources and Limitations The statistics in this data release were derived based on corporation income tax returns with a foreign tax credit that were included in the 2002 Statistics of Income sample of returns with accounting periods This data release was prepared by Scott Luttrell, an economist with the Special Studies Returns Analysis Section, under the direction of Chris Carson, Chief. ending between July 2002 and June 2003. These returns were selected after administrative processing but prior to any amendments or audit examination. The 2002 corporation income tax return sample included approximately 138,000 returns sampled from over 5.3 million active corporate returns filed for this period. The corporate tax return forms included in this sample were Forms 1120, 1120-L, 1120-F, 1120PC, and 1120-REIT. The foreign tax credit is provided under section 901 of the Internal Revenue Code. Corporations report the foreign income and taxes related to the credit on Form 1118, Computation of Foreign Tax Credit-Corporations, filed with their income tax returns. The statistics in this data release are based on information reported on Forms 1118 and related corporate returns. Corporations with an “alternative minimum tax” (AMT) liability are required to compute a separate “alternative minimum tax foreign tax credit.” The AMT foreign tax credit data are not reflected in the statistics in this data release, even if the corporation reported both the “regular” foreign tax credit and the AMT foreign tax credit. Corporations reporting only the AMT computation had no regular tax and, therefore, were not included in the foreign tax credit statistics. There are small discrepancies between the more complete foreign tax credit data presented in this data release and those published in Statistics of Income-2002, Corporation Income Tax Returns. These differences can be attributed to several factors, including but not limited to the following reasons: Some of the returns designated for the Statistics of Income sample were received too late to be included in the regular corporation statistics, but were included in the foreign tax credit statistics presented in this data release. Certain corporations submitted preliminary data on their original returns because they lacked complete information on their foreign operations at the time of filing. On a case-by-case basis, additional information was requested directly from the taxpayer. However, amended returns filed at a later date, including those with carrybacks of foreign taxes to be credited for 2002, were not included in the statistics. Foreign income and taxes are understated in this data release to the extent that they were not reported on Form 1118. Also, the 2002 foreign tax credit statistics in this data release do not represent the final amounts credited that year. A complete foreign tax 285 Corporate Foreign Tax Credit, 2002 credit amount for 2002 would reflect the results of any audits as well as the carryback of any foreign tax credits from 2003 and 2004. In addition to currentyear foreign taxes, foreign taxes available for credit shown in this data release include only those carried forward to 2002 from previous years. Also, some corporations did not file Form 1118 because they did not have a U.S. income tax liability, and were thus unable to credit any foreign taxes paid, accrued, or deemed paid for 2002. Finally, other corporations could have deducted their foreign taxes from their gross incomes instead of claiming a foreign tax credit. Because the estimates are based on a sample, they are subject to sampling error. Coefficients of Variation (CVs) are used to measure the magnitude of this sampling error. The CV concept is defined in the section on sampling variability in the “SOI Sampling Methodology and Data Limitations” appendix of this publication. Figure A presents CVs for foreign tax credits by selected North American Industry Classification System (NAICS) divisions, industrial sectors, and sectors. The smaller the CV, the more reliable the estimate is judged to be. The industry classification used in this data release is based on NAICS, created under the auspices of the governments of the United States, Mexico, and Canada in response to the North American Free Trade Agreement (NAFTA). NAICS is unique among industry classifications in that the economic units that have similar production processes are classified in the same industry. NAICS replaced the Standard Industrial Classification (1997) of the United States. Prior to 1996, the SIC system was the basis for industrial groupings in data releases by Statistics of Income on the foreign tax credit. Figure A Coefficients of Variation for Foreign Tax Credit, by Selected Sector or Group, Tax Year 2002 Coefficients of variation for foreign tax credit (percentages) Selected sector or group All industries……………….......................................................... Agriculture, forestry, fishing, and hunting ………………………… Mining………………………….......................................................... Utilities.…………………………........................................................ Construction………………….......................................................... Manufacturing…………………........................................................ Food manufacturing………........................................................... Beverage and tobacco products................................................... Petroleum and coal products manufacturing ……….................... Chemical manufacturing ……………………………...................... Pharmaceutical and medicine manufacturing.......................... Fabricated metal products............................................................ Machinery manufacturing............................................................. Computer and electronic product manufacturing......................... Electrical equipment, appliance, and component manufacturing. Transportation equipment manufacturing….………….................. Motor vehicles and related manufacturing……………………… Wholesale and retail trade………………………………………....... Transportation and warehousing ................................................. Information ……………………………………………………………… Publishing (except Internet), motion picture and sound recording….…………..................................................... Telecommunications….…………................................................. Finance, insurance, real estate, rental, and leasing ……………… Finance and Insurance................................................................. Securities, commodity contracts, etc............................................ Insurance and related activities.................................................... Services………………………........................................................... Professional, scientific, and technical services…………………… Management of holding companies............................................. Accommodation and food services.............................................. [1] Less than 0.005 percent. 0.03 5.17 0.27 0.07 1.39 0.01 0.01 [1] [1] 0.02 0.01 0.07 0.10 0.01 0.02 0.05 0.01 0.10 0.31 0.17 0.02 0.02 0.04 0.03 0.01 [1] 0.21 0.42 0.27 0.02 Description of Tables 286 Table 1, columns 2 through 15, presents statistics on assets, receipts, income, and taxes reported on the basic corporation income tax returns for those corporations claiming a foreign tax credit. Columns 16 through 51 present statistics from Form 1118, Foreign Tax Credit--Corporations. Schedule references indicate the parts of Form 1118 from which the data were obtained. Columns 16 through 35 present statistics on foreign income (i.e., income from sources outside the United States, including U.S. Possessions) and deductions, reported primarily on Form 1118, Schedule A, Income or Loss Before Adjustments. Although the amounts of oil and gas income and deductions (columns 23 and 35, respectively) are included in the summary columns (i.e., columns 16 through 22 and 26 through 34), these amounts are also reported separately (on Form 1118, Schedule I, Reduction of Oil and Gas Extraction Taxes) because oil and gas extraction income is subject to special rules under Internal Revenue Code section 907, which effectively requires a separate limitation calculation for taxes related to oil and gas extraction income. This may result in a reduction of foreign taxes available for credit. Reductions in creditable oil and gas extraction income taxes are included with several other types of reductions in column 40 of Table 1. Corporate Foreign Tax Credit, 2002 Foreign branch income is also included in the summary amounts reported in columns 16 through 22 of Table 1, and is also reported separately (on Form 1118, Schedule F, Gross Income and Definitely Allocable Deductions for Foreign Branches) in column 24 of Table 1. For Tax Year 2002, Code section 863(b) income (income partly from within and partly from outside the United States) is included in the summary amounts reported in columns 16 through 22 of Table 1, and is aggregated on Form 1118, Schedule A, Income or (Loss) Before Adjustments, using a special country code. Total deductions not definitely allocable to specific types of income (column 31 of Table 1) are equal to the sum of columns 32 through 34, relating to research and development, interest, and any other “not definitely allocable expenses” (any differences are due to taxpayer reporting variations). Total foreign-source gross income (Table 1, column 16) less total foreign deductions (Table 1, column 25) is equal to foreign-source taxable income before adjustments (Table 1, column 36). Adjustments to foreign-source taxable income (reported in column 37 of Table 1) include the allocation of: (1) current-year foreign-source losses, (2) overall foreign losses, and (3) current-year U.S.-source losses as well as the recapture of prioryear overall foreign losses and recharacterization of prior-year foreign-source losses. These adjustments (reported on Schedule J, Separate Limitation Loss Allocations and Other Adjustments Necessary To Determine Numerators of Limitation Fractions, Yearend Recharacterization Balances, and Overall Foreign Loss Account Balances) affect the numerator of the limitation fraction used to compute the foreign tax credit. The income after adjustments (the numerator of the limitation fraction) is reported in column 38 of Table 1. The limitation fraction, foreign-source taxable income divided by total taxable income from all sources, is applied to the total U.S. tax against which the credit is allowed to determine any limitation on the foreign tax credit. Taxpayers are required to calculate this limitation for each income basket. Statistics on foreign taxes are reported in columns 39 through 51 of Table 1. Data on foreign income taxes paid, accrued, and “deemed paid” (through Controlled Foreign Corporations) from Form 1118, Schedule B, Foreign Tax Credit-Corporations, are reported in columns 42 through 51 of Table 1. Total foreign taxes paid or accrued (Table 1, column 43) is the sum of columns 44 through 50 (any differences are due to taxpayer reporting variations). Table 1, column 41 shows carryovers of excess or “unused” taxes from prior years, which can be added to the 2002 pool of creditable foreign taxes. Total foreign taxes paid, accrued, and “deemed paid,” plus carryover, are then adjusted for certain items (e.g., reductions of foreign taxes related to oil and gas extraction income under Internal Revenue Code section 907, reductions of foreign taxes related to income earned in sanctioned countries under Internal Revenue code section 901(j), as well as other reductions of creditable taxes) in column 40. Thus, total foreign taxes available for credit (Table 1, column 39) are equal to total foreign taxes paid, accrued, and “deemed paid” (column 42), plus any carryover of prior-year excess or “unused” foreign taxes (column 41), less any reduction in foreign taxes (column 40). Tables 2 is similar in column format to Table 1 except it provides data only from Form 1118 without the data from the basic corporation income tax return (for example, total assets and total receipts). Table 2 presents data by selected geographic region and country. Explanation of Selected Terms Adjustments to taxable income.--This includes several types of adjustments reported on Schedule J of Form 1118, Computation of Foreign Tax Credit-Corporations. These include the allocation of current-year foreign losses, overall foreign losses, and current-year U.S.-source losses. Adjustments due to prior-year loss allocations are also made, including the recapture of foreign-source losses and the recharacterization of foreign-source income. The overall result of these adjustments is shown in column 37 of Table 1. Carryover of foreign taxes.--Under Internal Revenue Code section 904, “U.S. persons” are allowed a 2-year carryback and 5-year carryforward of “excess” or “unused” foreign taxes for purposes of computing the “final” foreign tax credit for those years. Such taxes were included in the computation of the current-year foreign tax credit to the extent that they did not exceed the credit limitation for the current year. The 2002 statistics used for this article include only those foreign taxes that were carried forward from previous years (1997-2001). See column 41 of Table 1. 287 Corporate Foreign Tax Credit, 2002 288 Controlled Foreign Corporation.--Under Internal Revenue Code section 957, a foreign corporation is a ‘Controlled Foreign Corporation” if more than 50 percent of its outstanding voting stock, or more than 50 percent of the value of all its outstanding stock, is owned (directly, indirectly, or constructively) by “U.S. shareholders” on any day during the foreign corporation’s tax year. Internal Revenue Code section 951(b) defines a “U.S. shareholder” as a U.S. person with 10 percent or more of the total combined voting stock of the foreign corporation. Ownership attribution rules are provided in Internal Revenue Code section 958. See also Deemed Dividends and Subpart F. Current-year foreign taxes.--Current-year foreign taxes include foreign income taxes paid, accrued, or “deemed paid” and are shown in column 42 of Table 1 and column 14 of Table 2. Currentyear foreign taxes do not include any carryback or carryforward of foreign taxes from other tax years. Deemed dividends.--Certain types of income earned by Controlled Foreign Corporations (CFCs) are recognized under Subpart F of the Internal Revenue Code as current-year income of the U.S. corporation, even if no income is actually received from the CFC in the current tax year. In such cases, the U.S. corporation is deemed to have received a pro-rata share of this income and required to report it as a “deemed dividend” on Form 1118, Schedule A. See Internal Revenue Code section 951(a) for a more detailed description of income reported as deemed dividends. See also Controlled Foreign Corporation and Subpart F income. Dividend gross-up.--Since a dividend represents a distribution from after-tax earnings, the amount of income that a domestic corporation recognizes on receiving a dividend from a foreign corporation is net of all the foreign income taxes paid by that foreign corporation. U.S. corporations that satisfy ownership and other requirements are permitted to take an “indirect” foreign tax credit for taxes paid on the profits from which the dividends were distributed. Under Internal Revenue Code section 78, these taxes are “deemed paid” by the U.S. corporations under Internal Revenue Code sections 902 and 960(a). Consequently, the dividend income is “grossed-up” by the amount of the taxes deemed paid on the income from which the dividend was paid. This prevents U.S. corporations from crediting the foreign taxes deemed paid and deducting the same taxes in computing foreign-source taxable income. Foreign oil and gas extraction income (FOGEI).--FOGEI is the gross income from the extraction of oil and gas, as well as from the sale of assets used in the extraction of oil and gas, or from related services, working capital, dividend and partnership distributions, and any other oil and gas extraction income. In general, a foreign tax credit is not permitted for foreign taxes paid, accrued, or deemed paid in connection with the purchase or sale of oil or gas extracted in a foreign country if the taxpayer has no economic interest in the oil or gas and if the purchase or sales price differs from the fair market value. Foreign Sales Corporations (FSC).--A Foreign Sales Corporation was a company incorporated abroad and controlled by a U.S. “person.” A portion of the FSC’s “foreign trade income” was exempt from U.S. taxation. Although these statistics do not include FSC returns, FSC dividends received by corporations claiming a foreign tax credit are included. Dividends and interest generated by a FSC comprise a separate limitation category. In July 1999, the World Trade Organization (WTO) declared FSC provisions to be an illegal export subsidy. Congress repealed the FSC provisions and created the Extraterritorial Income Exclusion Act in November 2000, which allowed U.S. corporations to continue operating FSCs until December 2001. The European Union subsequently challenged the legality of the Extraterritorial Income Exclusion Act, and, in August 2001, the WTO ruled that it was inconsistent with United States obligations. The Appellate Body of the WTO affirmed this ruling on January 14, 2002. Foreign-source taxable income.--Foreign-source taxable income is equal to gross income (less loss) less deductions from sources outside the United States, including U.S. possessions, and is included in “income subject to U.S. tax” in the statistics. OPEC countries.--The members of the Organization of Petroleum Exporting Countries (OPEC) for 2002 were Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Specifically allocable income.--Internal Revenue Code section 863(b) provides special rules for determining taxable income from sources outside the United States with respect to gross income derived Corporate Foreign Tax Credit, 2002 partly from within and partly from outside the United States. The income apportioned to sources outside the United States under these special rules is commonly referred to as “Section 863(b) income.” Subpart F income.--Provisions of the Internal Revenue Code limit the ability of U.S. taxpayers to defer U.S. taxes by shifting certain types of income to lower-tax foreign countries. Subpart F identifies certain types of income, primarily passive investment income, earned by certain Controlled Foreign Corporations (CFCs), and requires the U.S corporation to report a pro-rata share of this current-year income for U.S. tax purposes, regardless of whether or not the income was actually repatriated to the U.S. corporation in the current tax year. See also Controlled Foreign Corporation and Deemed Dividends. Tax deemed paid.--See Dividend Gross-up. U.S. person.--A U.S. person is any citizen or resident of the United States, domestic partnership, corporation, association, company, or any estate or trust that is not considered “foreign.” See Internal Revenue Code section 7701 for more information on the definition of a U.S. person. Notes and References [1] Based on unpublished data. 289 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry Dividends received from ICDISCs or former DISCs [1] Foreign dividend income from foreign taxes deemed paid (gross-up) Major and selected minor industry of U.S. corporation filing return Number of returns Total assets Total receipts Dividends received from foreign corporations Includable income of controlled foreign corporations (1) All industries..................................................................... Agriculture, forestry, fishing, and hunting......................... Mining.................................................................................... Oil and gas extraction......................................................... Coal mining and metal ore mining...................................... Nonmetallic minerals.......................................................... Support activities for mining............................................... Utilities................................................................................... Construction......................................................................... Building, developing, and general contracting.................... Heavy construction............................................................. Special trade contractors.................................................... Manufacturing....................................................................... Food manufacturing........................................................... Beverage and tobacco products......................................... Tobacco manufacturing.................................................. Textile mills and textile product mills ................................ Apparel manufacturing....................................................... Leather and allied product manufacturing.......................... Wood product manufacturing............................................. Paper manufacturing.......................................................... Printing and related support activities................................ Petroleum and coal products manufacturing...................... Chemical manufacturing..................................................... Pharmaceutical and medicine manufacturing................ Other chemical manufacturing....................................... Plastics and rubber products manufacturing...................... Nonmetallic mineral product manufacturing....................... Primary metal manufacturing............................................. Fabricated metal products.................................................. Machinery manufacturing................................................... Computer and electronic product manufacturing............... Electrical equipment, appliance, and component manufacturing................................................................. Transportation equipment manufacturing........................... Motor vehicles and related manufacturing......................... Other transportation equipment manufacturing.................. Furniture and related products........................................... Miscellaneous manufacturing and manufacturing not allocable................................................................... Wholesale and retail trade................................................... Wholesale trade................................................................. Durable goods................................................................ Machinery, equipment, and supplies.......................... Other miscellaneous durable goods........................... Nondurable goods.......................................................... Drugs, chemicals, and allied products........................ Groceries and related products.................................. Petroleum and petroleum products............................ Other miscellaneous nondurable goods..................... Footnotes at end of table. (2) (3) 5,191,075,537 1,290,735 38,059,957 9,181,988 * 4,662,854 * 6,040,325 18,174,790 150,362,481 19,224,368 12,172,265 4,875,922 2,176,181 2,264,792,886 144,613,204 111,565,646 * 64,857,162 * 4,030,834 16,393,905 * 2,535,261 4,535,238 28,357,944 4,674,731 543,866,853 373,070,227 179,515,222 193,555,005 13,077,742 16,508,629 29,739,825 59,443,397 110,344,642 203,009,586 185,692,798 346,681,704 225,025,131 121,656,573 9,701,789 56,948,932 792,847,426 337,443,938 110,247,321 13,545,273 96,702,048 227,196,618 133,482,827 24,049,465 * 1,384,850 68,279,476 (4) 34,373,706 * 13,170 718,099 237,906 * 106,799 * 25,401 * 347,993 278,870 7,764 * 5,082 * 2,565 * 118 24,862,226 1,573,721 * 1,848,310 * 564,912 * 21,395 * 74,505 * 2,634 * 272 * 733,889 * 7,119 5,138,238 5,599,838 2,411,626 3,188,212 75,959 78,613 * 392,966 487,838 902,177 6,026,472 550,537 952,847 * 741,625 211,222 * 42,442 352,455 1,052,323 885,551 169,617 * 59,990 109,627 715,934 291,650 0 0 424,285 (5) 10,385 0 0 0 0 0 0 0 0 0 0 0 8,178 * 685 * 437 0 0 0 0 0 * 388 0 0 * 1,655 * 891 * 764 0 * 836 * 74 * 865 * 1,111 * 34 * 325 *5 *5 0 0 1,762 * 36 * 36 0 0 0 * 36 0 0 0 * 36 (6) 30,362,525 * 732 571,385 * 29,829 * 115,342 * 27,641 * 398,573 * 43,969 * 6,391 * 531 * 1,162 * 4,699 22,213,275 958,807 * 1,489,163 * 1,399,124 * 33,279 * 124,056 * 214 *3 * 180,950 * 8,986 3,304,532 6,939,181 4,371,912 2,567,268 35,427 * 77,052 * 132,387 169,850 1,112,143 2,515,743 2,000,196 2,562,652 * 2,135,759 426,893 * 26,512 542,143 1,225,387 743,077 105,403 * 441 104,962 637,675 185,036 * 3,396 *9 449,233 (7) 24,198,150 * 836 549,429 * 103,058 * 25,196 * 17,296 * 403,879 * 83,227 * 6,458 * 1,965 * 2,128 * 2,365 17,500,709 1,110,383 * 1,458,388 * 776,472 * 23,384 * 73,451 * 1,667 * 107 513,556 * 9,353 3,093,936 4,442,664 2,425,235 2,017,429 54,184 55,050 * 195,320 343,873 903,549 2,458,575 1,123,873 1,274,084 998,480 275,604 * 31,266 334,045 800,855 604,374 88,093 * 22,810 65,283 516,281 195,904 * 648 0 319,730 4,767 17,550,523,374 295 2,751,383 86 101,299,447 49 28,433,149 7 * 30,480,179 8 * 9,347,847 23 33,038,272 20 255,899,136 115 10,682,292 26 6,044,249 47 3,531,920 42 1,106,123 1,028 4,208,820,591 69 160,980,827 16 159,573,712 4 * 84,335,605 7 * 4,386,968 35 16,797,106 7 * 2,027,557 11 1,957,397 17 52,636,163 25 4,681,009 19 1,079,812,208 166 647,113,921 35 299,979,351 131 347,134,570 35 17,921,224 38 19,603,166 18 77,652,856 88 154,027,945 123 141,865,300 126 232,450,213 74 57 32 25 10 86 761 586 398 35 364 188 37 45 7 99 784,098,155 564,823,235 405,975,690 158,847,545 6,542,564 79,869,065 475,855,852 213,141,117 67,330,166 9,167,797 58,162,370 145,810,951 67,766,653 7,332,612 * 1,194,961 69,516,726 290 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Dividends received from ICDISCs or former DISCs [1] Foreign dividend income from foreign taxes deemed paid (gross-up) Major and selected minor industry of U.S. corporation filing return Number of returns Total assets Total receipts Dividends received from foreign corporations Includable income of controlled foreign corporations (1) Wholesale and retail trade--continued Retail trade......................................................................... Motor vehicle, parts dealers, and gas stations............... Furniture and home furnishing stores ............................ Building materials, garden equipment, and supplies...... Food and beverages stores............................................ Apparel and accessory stores........................................ General merchandise stores.......................................... Miscellaneous retail trade............................................... Transportation and warehousing........................................ Air, rail, and water transportation....................................... Water transportation....................................................... Air and rail transportation............................................... Other transportation and warehousing............................... Information............................................................................ Publishing, motion picture, and sound recording............... Broadcasting, Internet publishing....................................... Telecommunications.......................................................... Internet service providers, Web search portals, and data processing services........................................................ Other information services................................................. Finance, insurance, real estate, and rental and leasing... Finance and insurance....................................................... Commercial banking and other depository credit agencies..................................................................... Commercial banking................................................... Depository credit agencies other than banks............. Nondepository credit intermediation............................... Securities, commodity contracts, and other................... Insurance and related activities...................................... Insurance agencies and brokerages.......................... Funds, trusts, and other financial vehicles..................... Real estate and rental and leasing..................................... Real estate..................................................................... Rentals and leasing........................................................ Services................................................................................. Professional, scientific, and technical services.................. Management of holding companies................................... Administrative and support and waste management and remediation.............................................................. Education services, health care, and social assistance..... Arts, entertainment, and recreation.................................... Accommodation and food services.................................... Accommodation.............................................................. Food services and drinking places................................. Other services.................................................................... Repair and maintenance services.................................. Personal services, religious, grantmaking, civic, professional, etc............................................. Footnotes at end of table. (2) 175 15 3 20 19 19 4 95 50 14 8 6 36 300 163 74 19 5 40 686 396 27 6 21 42 61 236 12 30 290 277 262,714,735 2,224,920 * 1,584,920 * 64,949,486 2,640,723 31,755,677 * 110,518,239 49,040,770 138,220,990 83,984,531 * 5,630,245 * 78,354,286 54,236,459 542,488,614 297,962,795 74,096,751 117,987,226 * 46,056,953 6,384,889 5,937,385,336 5,933,593,135 29,627,523 * 6,185,869 23,441,654 390,942,863 2,549,355,955 2,945,683,813 56,520,268 17,982,981 3,792,201 2,766,943 1,025,258 5,877,119,733 89,490,847 5,556,009,369 75,960,695 27,514,076 4,291,383 119,240,235 57,797,242 61,442,994 4,613,127 * 742,661 3,870,466 (3) 455,403,488 5,750,401 * 2,739,892 * 58,688,399 6,666,115 48,535,209 * 258,529,906 74,493,566 106,992,308 28,621,377 * 4,815,181 * 23,806,196 78,370,931 239,752,360 124,212,272 36,021,939 54,776,505 * 18,944,345 5,797,300 994,233,023 992,448,532 2,249,807 * 445,435 1,804,373 81,820,017 185,980,830 721,478,220 17,830,106 919,658 1,784,491 734,852 1,049,640 583,519,992 68,427,418 363,405,702 34,208,595 15,180,995 2,723,561 94,589,549 49,150,901 45,438,648 4,984,171 * 649,667 4,334,504 (4) 166,771 * 27,208 * 37,110 * 10 * 13 * 30,538 * 440 * 71,453 159,965 * 70,309 * 10,476 * 59,833 89,656 1,997,905 545,498 * 278,674 * 1,064,219 * 49,985 * 59,530 1,843,088 1,838,109 260 * 18 242 * 87,154 1,065,316 682,488 * 159,916 * 2,891 4,979 4,979 0 3,440,296 323,490 2,780,320 52,155 * 36,218 * 19,036 177,475 * 15,866 161,608 * 51,603 0 * 51,603 (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 850 850 0 0 0 0 1,321 1,321 0 0 0 0 0 1,321 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (6) 482,310 * 30,786 * 15,787 * 98 * 2,719 * 312,829 * 43,296 * 76,794 91,398 * 50,471 * 18,171 * 32,300 * 40,928 1,389,222 819,980 * 67,807 * 399,008 * 77,122 * 25,304 3,028,215 3,019,829 * 42 0 * 42 * 361,752 934,009 1,588,973 * 303,043 * 135,054 8,386 8,219 * 167 1,792,551 246,987 1,388,539 84,572 * 17,676 * 1,023 49,664 * 31,923 * 17,741 * 4,090 * 34 * 4,056 (7) 196,481 * 31,879 * 20,285 0 * 730 40,038 * 9,756 * 93,793 76,567 * 24,754 * 13,720 * 11,034 * 51,813 1,030,448 527,425 * 49,970 * 354,027 * 64,842 * 34,183 1,819,981 1,812,008 * 10 0 * 10 * 29,244 967,112 732,597 * 311,129 * 83,045 * 7,973 * 7,910 * 63 2,329,640 296,497 1,772,489 40,594 * 15,484 * 10,615 165,937 * 17,883 * 148,054 * 28,024 0 * 28,024 13 1,425 413 809 61 35 13 49 17 32 45 31 14 291 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued U.S. Income tax before credits Major and selected minor industry of U.S. corporation filing return U.S. possessions tax credit Net income (less deficit) Income subject to U.S. tax Total Regular and alternative minimum tax Foreign tax credit claimed (8) All industries..................................................................... Agriculture, forestry, fishing, and hunting......................... Mining.................................................................................... Oil and gas extraction......................................................... Coal mining and metal ore mining...................................... Nonmetallic minerals.......................................................... Support activities for mining............................................... Utilities................................................................................... Construction......................................................................... Building, developing, and general contracting.................... Heavy construction............................................................. Special trade contractors.................................................... Manufacturing....................................................................... Food manufacturing........................................................... Beverage and tobacco products......................................... Tobacco manufacturing.................................................. Textile mills and textile product mills ................................ Apparel manufacturing....................................................... Leather and allied product manufacturing.......................... Wood product manufacturing............................................. Paper manufacturing.......................................................... Printing and related support activities................................ Petroleum and coal products manufacturing...................... Chemical manufacturing..................................................... Pharmaceutical and medicine manufacturing................ Other chemical manufacturing....................................... Plastics and rubber products manufacturing...................... Nonmetallic mineral product manufacturing....................... Primary metal manufacturing............................................. Fabricated metal products.................................................. Machinery manufacturing................................................... Computer and electronic product manufacturing............... Electrical equipment, appliance, and component manufacturing................................................................. Transportation equipment manufacturing........................... Motor vehicles and related manufacturing......................... Other transportation equipment manufacturing.................. Furniture and related products........................................... Miscellaneous manufacturing and manufacturing not allocable................................................................... Wholesale and retail trade................................................... Wholesale trade................................................................. Durable goods................................................................ Machinery, equipment, and supplies.......................... Other miscellaneous durable goods........................... Nondurable goods.......................................................... Drugs, chemicals, and allied products........................ Groceries and related products.................................. Petroleum and petroleum products............................ Other miscellaneous nondurable goods..................... Footnotes at end of table. (9) 343,851,050 159,575 3,652,660 1,518,183 * 536,811 * 239,277 1,358,390 7,675,481 890,833 599,073 232,714 59,045 156,577,713 8,225,484 17,447,351 * 10,961,538 * 131,904 1,340,289 * 129,068 244,741 2,820,717 500,079 27,931,082 39,027,065 22,998,094 16,028,971 761,357 889,589 1,132,697 4,669,471 5,259,004 19,348,457 6,556,099 14,612,545 7,314,594 7,297,951 567,262 4,983,450 34,295,289 11,855,930 2,672,941 685,778 1,987,163 9,182,989 5,735,273 250,497 * 8,991 3,188,228 (10) 121,538,682 53,038 1,332,879 536,899 * 199,913 * 93,248 502,819 2,696,626 309,884 209,895 79,942 20,047 55,499,456 2,886,860 6,106,901 * 3,835,496 * 46,556 468,920 * 45,090 85,368 1,009,345 174,959 10,051,558 13,746,078 8,105,224 5,640,854 265,786 310,880 399,835 1,635,648 1,854,083 7,171,626 2,232,772 5,054,640 2,567,761 2,486,880 198,168 1,754,385 12,066,655 4,212,716 992,503 239,727 752,776 3,220,213 2,014,679 86,941 * 3,068 1,115,524 (11) 121,646,488 53,036 1,332,844 536,892 * 199,913 * 93,248 502,791 2,695,209 308,737 209,401 79,525 19,811 55,588,002 2,887,607 6,107,943 * 3,836,538 * 46,556 468,920 * 45,090 85,367 1,009,345 174,959 10,050,005 13,745,019 8,104,780 5,640,239 265,905 310,880 399,835 1,634,518 1,853,936 7,170,782 2,325,271 5,053,353 2,567,751 2,485,602 198,168 1,754,546 12,068,045 4,212,627 992,414 239,727 752,687 3,220,213 2,014,679 86,941 * 3,068 1,115,524 (12) 42,419,115 3,256 928,046 271,118 * 176,871 * 28,234 451,823 176,658 17,102 3,157 9,104 4,842 29,439,519 1,225,138 1,863,305 * 879,030 * 23,818 75,455 * 5,502 797 551,239 10,097 8,562,653 6,135,897 3,157,375 2,978,522 67,038 58,892 227,695 655,771 1,104,513 5,375,927 1,432,300 1,580,652 1,212,678 367,974 32,701 450,128 1,287,796 907,352 203,740 28,094 175,646 703,612 332,288 4,516 * 257 366,551 (13) 359,235 0 0 0 0 0 0 0 0 0 0 0 334,588 * 1,654 * 70,466 * 4,660 0 0 0 0 * 2,831 * 1,854 0 * 238,970 * 235,757 * 3,213 * 3,808 0 0 0 * 11,299 0 0 0 0 0 0 * 3,705 * 19,591 0 0 0 0 0 0 0 0 0 357,156,755 163,953 3,929,151 1,564,351 * 562,813 * 246,326 * 1,555,662 8,880,658 966,307 599,794 306,588 59,925 164,058,591 8,598,825 17,506,916 * 11,001,370 * 148,130 1,354,015 * 134,052 247,555 2,953,680 506,823 28,352,530 42,361,558 25,974,323 16,387,236 786,506 940,958 1,173,420 4,751,888 5,883,243 20,169,952 6,885,819 15,153,610 7,576,197 7,577,413 568,857 5,580,252 35,327,772 12,832,228 3,505,061 692,565 2,812,496 9,327,167 5,763,487 270,672 * 9,328 3,283,681 292 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued U.S. Income tax before credits Major and selected minor industry of U.S. corporation filing return U.S. possessions tax credit Net income (less deficit) Income subject to U.S. tax Total Regular and alternative minimum tax Foreign tax credit claimed (8) Wholesale and retail trade--continued Retail trade......................................................................... Motor vehicle, parts dealers, and gas stations............... Furniture and home furnishing stores ............................ Building materials, garden equipment, and supplies...... Food and beverages stores............................................ Apparel and accessory stores........................................ General merchandise stores.......................................... Miscellaneous retail trade............................................... Transportation and warehousing........................................ Air, rail, and water transportation....................................... Water transportation....................................................... Air and rail transportation............................................... Other transportation and warehousing............................... Information............................................................................ Publishing, motion picture, and sound recording............... Broadcasting, Internet publishing....................................... Telecommunications.......................................................... Internet service providers, Web search portals, and data processing services........................................................ Other information services................................................. Finance, insurance, real estate, and rental and leasing... Finance and insurance....................................................... Commercial banking and other depository credit agencies..................................................................... Commercial banking................................................... Depository credit agencies other than banks............. Nondepository credit intermediation............................... Securities, commodity contracts, and other................... Insurance and related activities...................................... Insurance agencies and brokerages.......................... Funds, trusts, and other financial vehicles..................... Real estate and rental and leasing..................................... Real estate..................................................................... Rentals and leasing........................................................ Services................................................................................. Professional, scientific, and technical services.................. Management of holding companies................................... Administrative and support and waste management and remediation.............................................................. Education services, health care, and social assistance..... Arts, entertainment, and recreation.................................... Accommodation and food services.................................... Accommodation.............................................................. Food services and drinking places................................. Other services.................................................................... Repair and maintenance services.................................. Personal services, religious, grantmaking, civic, professional, etc............................................. Footnotes at end of table. (9) 22,439,359 185,391 * 102,793 * 4,424,425 158,974 2,742,758 * 10,722,764 4,102,254 4,934,307 405,331 * 148,057 * 257,274 4,528,976 24,522,670 18,307,667 1,305,981 3,228,947 * 923,363 756,712 49,472,003 49,262,488 322,902 * 86,796 236,106 5,511,975 12,735,698 29,622,398 2,271,278 1,069,515 209,515 162,849 46,666 61,670,519 5,168,595 48,955,350 1,487,883 1,323,984 175,121 4,161,022 1,496,155 2,664,866 398,564 * 24,088 374,476 (10) 7,853,939 64,707 * 35,877 * 1,548,425 55,572 959,679 * 3,753,122 1,436,557 1,795,321 210,895 * 52,570 * 158,325 1,584,426 8,589,210 6,413,815 458,535 1,128,561 * 323,072 265,226 17,581,766 17,511,112 111,935 * 30,322 81,613 1,929,158 4,508,009 10,582,674 794,973 379,336 70,654 54,333 16,321 21,613,846 1,815,000 17,141,635 533,466 462,840 60,827 1,461,140 528,464 932,676 138,940 * 8,046 130,893 (11) 7,855,418 66,323 * 35,877 * 1,548,425 55,436 959,679 * 3,753,122 1,436,557 1,795,321 210,895 * 52,570 * 158,325 1,584,426 8,586,165 6,412,609 456,697 1,128,561 * 323,072 265,226 17,609,680 17,539,074 111,798 * 30,185 81,613 1,929,154 4,508,009 10,610,777 794,754 379,336 70,606 54,285 16,321 21,609,448 1,815,000 17,141,435 533,466 462,840 60,827 1,456,942 524,306 932,635 138,940 * 8,046 130,893 (12) 380,444 32,520 * 21,800 * 13,421 808 148,406 * 50,940 112,549 113,059 23,897 * 12,405 * 11,492 89,163 2,686,388 1,711,298 369,566 453,529 * 118,356 33,640 3,216,757 3,200,661 1,555 * 1,346 209 182,320 1,576,070 1,155,612 318,749 285,105 16,096 14,184 1,912 4,550,535 418,124 3,471,665 119,327 19,782 43,182 447,591 40,845 406,747 30,864 * 535 30,330 (13) * 19,591 0 0 0 0 0 * 19,591 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 * 5,056 0 0 0 0 0 * 5,056 * 474 * 4,581 0 0 0 22,495,543 195,129 * 102,809 * 4,437,187 163,699 2,742,536 * 10,726,633 4,127,550 5,840,065 1,266,781 * 148,073 * 1,118,708 4,573,284 25,936,652 19,294,421 1,499,112 3,336,953 * 1,026,021 780,145 50,113,393 49,890,010 337,507 * 88,419 249,087 5,723,296 11,923,258 30,829,721 2,291,590 1,076,228 223,383 172,594 50,789 61,940,213 5,377,554 49,513,676 920,050 1,331,684 179,661 4,202,115 1,530,586 2,671,529 415,473 * 39,577 375,895 293 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes Gross income (less loss) Major and selected minor industry of U.S. corporation filing return General business U.S. income tax credit after credits [2] Foreign dividend income from foreign taxes deemed paid (gross-up) (18) 24,192,161 * 836 549,429 * 103,058 * 25,196 * 17,296 * 403,879 * 83,227 * 6,458 * 1,965 * 2,128 * 2,365 17,495,492 1,110,266 * 1,458,388 * 776,472 * 23,384 * 73,444 * 1,667 * 107 513,554 * 9,353 3,091,148 4,441,653 2,424,242 2,017,411 54,184 54,897 * 195,319 343,839 903,336 2,458,021 1,123,616 1,274,006 998,402 275,604 * 31,266 334,043 800,855 604,374 88,093 * 22,810 65,283 516,281 195,904 * 648 0 319,730 Total Dividends Interest (14) All industries..................................................................... Agriculture, forestry, fishing, and hunting......................... Mining.................................................................................... Oil and gas extraction......................................................... Coal mining and metal ore mining...................................... Nonmetallic minerals.......................................................... Support activities for mining............................................... Utilities................................................................................... Construction......................................................................... Building, developing, and general contracting.................... Heavy construction............................................................. Special trade contractors.................................................... Manufacturing....................................................................... Food manufacturing........................................................... Beverage and tobacco products......................................... Tobacco manufacturing.................................................. Textile mills and textile product mills ................................ Apparel manufacturing....................................................... Leather and allied product manufacturing.......................... Wood product manufacturing............................................. Paper manufacturing.......................................................... Printing and related support activities................................ Petroleum and coal products manufacturing...................... Chemical manufacturing..................................................... Pharmaceutical and medicine manufacturing................ Other chemical manufacturing....................................... Plastics and rubber products manufacturing...................... Nonmetallic mineral product manufacturing....................... Primary metal manufacturing............................................. Fabricated metal products.................................................. Machinery manufacturing................................................... Computer and electronic product manufacturing............... Electrical equipment, appliance, and component manufacturing................................................................. Transportation equipment manufacturing........................... Motor vehicles and related manufacturing......................... Other transportation equipment manufacturing.................. Furniture and related products........................................... Miscellaneous manufacturing and manufacturing not allocable................................................................... Wholesale and retail trade................................................... Wholesale trade................................................................. Durable goods................................................................ Machinery, equipment, and supplies.......................... Other miscellaneous durable goods........................... Nondurable goods.......................................................... Drugs, chemicals, and allied products........................ Groceries and related products.................................. Petroleum and petroleum products............................ Other miscellaneous nondurable goods..................... Footnotes at end of table. (15) 70,323,698 48,423 380,276 253,104 * 18,901 * 57,804 50,468 2,037,158 230,356 145,158 70,609 14,589 22,540,184 1,607,373 4,146,539 * 2,928,028 * 17,759 389,735 * 38,940 83,263 410,764 158,157 1,125,057 6,873,731 4,341,961 2,531,770 189,811 245,795 168,022 951,541 637,496 1,490,750 441,371 2,205,115 473,008 1,732,107 163,379 1,195,588 10,480,542 3,131,696 767,878 210,374 557,504 2,363,818 1,598,409 81,083 * 2,802 681,524 (16) 330,848,675 29,640 6,855,110 1,441,676 * 2,529,490 * 190,512 2,693,431 1,621,918 282,474 17,906 182,091 82,477 173,027,523 5,942,131 10,735,376 * 5,008,573 * 176,538 604,274 * 116,830 40,836 2,504,219 64,121 41,293,570 38,078,671 20,568,319 17,510,352 395,051 306,395 1,609,449 3,798,202 7,187,103 32,106,210 12,518,708 11,138,531 8,647,576 2,490,955 133,950 4,277,357 10,990,285 8,328,180 3,081,249 172,844 2,908,405 5,246,931 2,686,194 61,754 * 1,765 2,497,219 (17) 64,110,977 13,909 1,275,802 265,896 * 214,881 * 48,542 * 746,481 321,513 13,036 5,618 2,575 4,843 46,808,663 2,522,394 * 3,333,354 * 1,964,037 * 54,674 * 198,449 * 7,245 * 268 913,967 16,126 8,417,337 12,374,433 6,648,553 5,725,879 113,774 155,098 514,641 656,953 2,007,844 8,560,059 2,557,033 3,448,413 2,819,304 629,109 * 68,955 887,645 2,252,904 1,603,864 274,255 * 60,411 213,843 1,329,609 473,506 * 3,405 * 10 852,688 (19) 44,540,804 * 367 275,892 20,403 * 76,796 * 14,218 * 164,475 * 18,976 * 4,356 * 1,664 * 2,692 0 7,827,260 126,719 * 297,473 * 6,556 * 9,560 * 39,431 * 561 * 991 59,340 * 1,779 2,886,292 436,718 108,810 327,908 22,946 * 19,218 * 373,257 99,963 348,855 578,694 1,677,293 725,993 567,213 158,780 * 6,237 115,939 289,108 225,758 38,266 3,409 34,857 187,492 18,606 * 355 1,433 167,097 5,929,746 * 1,289 8,674 * 6,396 * 1,571 * 179 * 528 40,106 9,298 * 8,995 * 182 * 122 2,578,068 43,859 * 25,121 * 22,308 * 4,022 * 1,541 * 648 * 1,218 * 43,586 * 4,659 * 202,211 484,944 368,676 116,267 4,501 * 3,063 * 990 26,372 98,501 260,954 208,120 1,059,783 727,747 332,036 * 1,654 102,320 195,623 109,788 11,895 * 131 11,765 97,893 50,539 * 1,156 0 46,198 294 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes Gross income (less loss) Major and selected minor industry of U.S. corporation filing return General business U.S. income tax credit after credits [2] Foreign dividend income from foreign taxes deemed paid (gross-up) (18) 196,481 * 31,879 * 20,285 0 * 730 40,038 * 9,756 * 93,793 76,450 * 24,754 * 13,721 * 11,034 * 51,695 1,030,448 527,425 * 49,970 * 354,027 * 64,842 * 34,183 1,819,974 1,812,002 10 0 * 10 * 29,244 967,112 732,591 * 311,129 * 83,045 * 7,973 * 7,910 * 63 2,328,993 296,450 1,771,889 40,594 * 15,484 * 10,615 165,937 * 17,883 * 148,054 * 28,024 0 * 28,024 Total Dividends Interest (14) Wholesale and retail trade--continued Retail trade......................................................................... Motor vehicle, parts dealers, and gas stations............... Furniture and home furnishing stores ............................ Building materials, garden equipment, and supplies...... Food and beverages stores............................................ Apparel and accessory stores........................................ General merchandise stores.......................................... Miscellaneous retail trade............................................... Transportation and warehousing........................................ Air, rail, and water transportation....................................... Water transportation....................................................... Air and rail transportation............................................... Other transportation and warehousing............................... Information............................................................................ Publishing, motion picture, and sound recording............... Broadcasting, Internet publishing....................................... Telecommunications.......................................................... Internet service providers, Web search portals, and data processing services........................................................ Other information services................................................. Finance, insurance, real estate, and rental and leasing... Finance and insurance....................................................... Commercial banking and other depository credit agencies..................................................................... Commercial banking................................................... Depository credit agencies other than banks............. Nondepository credit intermediation............................... Securities, commodity contracts, and other................... Insurance and related activities...................................... Insurance agencies and brokerages.......................... Funds, trusts, and other financial vehicles..................... Real estate and rental and leasing..................................... Real estate..................................................................... Rentals and leasing........................................................ Services................................................................................. Professional, scientific, and technical services.................. Management of holding companies................................... Administrative and support and waste management and remediation.............................................................. Education services, health care, and social assistance..... Arts, entertainment, and recreation.................................... Accommodation and food services.................................... Accommodation.............................................................. Food services and drinking places................................. Other services.................................................................... Repair and maintenance services.................................. Personal services, religious, grantmaking, civic, professional, etc............................................. Footnotes at end of table. (15) 7,348,846 29,943 * 13,852 * 1,534,298 53,286 792,297 * 3,621,064 1,304,106 1,651,917 179,336 * 32,713 * 146,623 1,472,581 4,428,864 3,302,591 * 73,156 654,343 * 170,474 228,300 13,047,334 12,993,662 108,873 * 28,739 80,134 1,513,246 2,562,612 8,740,566 453,121 68,364 53,673 39,383 14,289 15,478,644 1,321,746 12,383,348 397,087 432,695 16,071 821,113 381,836 439,277 106,584 * 7,475 99,109 (16) 2,662,104 105,870 * 77,083 * 41,734 74,776 949,190 * 540,377 873,074 8,878,031 1,661,479 * 1,405,629 * 255,850 7,216,552 27,058,011 18,283,707 4,017,850 2,898,915 * 1,416,058 441,481 51,992,872 51,893,293 39,744 * 38,399 1,345 8,839,740 17,787,356 24,172,043 1,580,045 1,054,409 99,579 71,895 27,684 50,112,811 7,326,964 35,656,506 1,795,844 192,016 514,178 4,485,414 1,119,928 3,365,486 141,890 * 8,353 133,537 (17) 649,040 58,000 * 52,847 * 106 * 2,732 343,367 * 43,736 148,252 248,541 * 120,411 * 28,647 * 91,765 128,130 3,327,845 1,298,712 * 354,281 * 1,463,230 * 126,788 * 84,834 4,590,695 4,577,450 310 * 18 292 229,849 1,989,930 2,219,473 * 462,963 137,888 13,245 13,136 * 109 5,258,069 577,997 4,193,153 135,459 * 52,630 * 20,059 223,072 * 43,817 179,255 55,700 * 38 55,662 (19) 63,350 * 237 * 57 * 3,438 * 1,058 * 19,457 * 10,237 28,866 111,712 * 9,465 * 138 * 9,327 102,245 378,696 129,933 * 106,186 * 124,469 * 16,695 * 1,414 15,788,234 15,779,351 * 39,280 * 38,237 * 1,043 1,781,756 7,898,747 5,238,186 * 112,387 * 821,382 8,883 8,744 * 139 19,846,204 163,109 19,101,235 62,613 * 1,775 * 2,672 500,352 * 247,260 253,092 * 14,448 * 2,218 * 12,230 85,835 * 2,022 * 135 * 706 * 1,041 9,328 * 61,266 11,338 * 22,396 * 210 0 * 210 * 22,186 1,328,773 1,257,704 * 14,544 * 19,754 * 34,243 * 2,529 652,953 652,517 * 1,508 * 237 * 1,271 * 233,588 43,955 349,189 * 7,895 * 24,277 * 436 * 436 0 1,092,566 66,072 910,097 13,442 * 4,471 * 1,541 95,645 * 13,748 81,898 * 1,297 * 37 * 1,261 295 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Gross income (less loss)--Continued Major and selected minor industry of U.S. corporation filing return Deductions Definitely allocable deductions Total Total Rents, royalties, and license fees Service income Other income Oil and gas extraction income [3] Foreign branch income [3] (20) All industries..................................................................... Agriculture, forestry, fishing, and hunting......................... Mining.................................................................................... Oil and gas extraction......................................................... Coal mining and metal ore mining...................................... Nonmetallic minerals.......................................................... Support activities for mining............................................... Utilities................................................................................... Construction......................................................................... Building, developing, and general contracting.................... Heavy construction............................................................. Special trade contractors.................................................... Manufacturing....................................................................... Food manufacturing........................................................... Beverage and tobacco products......................................... Tobacco manufacturing.................................................. Textile mills and textile product mills ................................ Apparel manufacturing....................................................... Leather and allied product manufacturing.......................... Wood product manufacturing............................................. Paper manufacturing.......................................................... Printing and related support activities................................ Petroleum and coal products manufacturing...................... Chemical manufacturing..................................................... Pharmaceutical and medicine manufacturing................ Other chemical manufacturing....................................... Plastics and rubber products manufacturing...................... Nonmetallic mineral product manufacturing....................... Primary metal manufacturing............................................. Fabricated metal products.................................................. Machinery manufacturing................................................... Computer and electronic product manufacturing............... Electrical equipment, appliance, and component manufacturing................................................................. Transportation equipment manufacturing........................... Motor vehicles and related manufacturing......................... Other transportation equipment manufacturing.................. Furniture and related products........................................... Miscellaneous manufacturing and manufacturing not allocable................................................................... Wholesale and retail trade................................................... Wholesale trade................................................................. Durable goods................................................................ Machinery, equipment, and supplies.......................... Other miscellaneous durable goods........................... Nondurable goods.......................................................... Drugs, chemicals, and allied products........................ Groceries and related products.................................. Petroleum and petroleum products............................ Other miscellaneous nondurable goods..................... 57,250,191 * 7,988 173,512 * 265 * 9,716 * 7,723 * 155,808 * 67,996 * 37,339 * 7,844 * 25,799 * 3,695 32,100,060 471,436 1,771,149 * 519,119 * 28,553 * 159,104 * 30,372 * 68 * 352,301 * 10,919 373,095 9,065,581 5,544,455 3,521,126 111,672 * 23,152 * 49,931 675,408 1,222,878 11,840,627 2,341,490 2,276,788 1,859,831 416,956 * 6,158 1,289,378 3,652,276 2,693,504 1,953,891 * 17,383 1,936,508 739,613 412,759 * 7,016 0 319,838 (21) 17,052,272 * 2,862 455,559 * 2,696 * 263,205 * 1,149 * 188,509 * 64,927 198,692 * 748 * 135,316 * 62,627 2,876,944 * 8,972 * 186,921 * 2,477 0 * 14,428 * 49,908 * 244 * 119 * 15,985 * 4,344 347,143 * 246,790 100,353 * 2,351 * 9,155 * 136,272 29,567 283,126 1,460,611 106,387 * 211,073 * 4,760 * 206,312 0 10,340 415,966 179,429 53,233 * 18,139 35,094 126,196 * 41,943 * 3,814 * 169 * 80,270 (22) 123,702,269 * 3,679 4,124,915 1,049,357 * 1,939,695 * 101,584 * 1,034,279 * 1,065,279 22,595 * 67 * 13,581 * 8,946 65,919,104 1,702,344 3,688,091 * 1,739,912 * 60,367 * 119,419 * 27,077 * 39,159 * 664,938 * 9,958 26,521,354 11,413,142 5,595,468 5,817,674 90,125 * 44,875 * 340,029 1,992,471 2,421,063 7,208,199 4,712,889 3,202,259 2,398,065 804,194 * 21,333 1,640,012 3,579,177 3,021,251 673,512 50,693 622,819 2,347,739 1,543,475 * 46,516 * 152 757,596 (23) 16,334,230 0 1,351,607 1,315,537 * 36,071 0 0 0 0 0 0 0 * 14,654,776 0 0 0 0 0 0 0 0 0 * 14,560,748 0 0 0 0 0 0 0 * 94,027 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (24) 65,808,217 * -7 2,346,950 448,012 * 268,365 * 32,657 * 1,597,916 * 2,033 * 89,851 0 * 56,191 * 33,661 17,169,257 * 1,106,202 * 1,522,290 * 297,452 0 * 106,813 * 55,542 * 244 * 228,754 * 2,509 * 3,061,887 4,815,164 3,043,111 1,772,053 * 27,403 * 3,891 * 260,320 1,580,015 1,236,304 2,139,216 263,115 327,541 * 188,758 138,783 * 1,389 430,656 1,462,663 1,108,628 232,931 * 28,930 204,001 875,698 * 605,787 * 15,709 0 254,202 (25) 169,993,066 * 9,016 3,746,037 618,362 * 1,862,927 * 96,178 1,168,570 338,326 197,365 * 1,363 * 136,383 * 59,618 67,853,963 1,927,062 3,751,102 * 1,611,721 * 74,246 * 264,886 * 69,284 * 35,994 799,718 * 28,027 16,231,118 14,134,550 7,335,087 6,799,463 177,896 98,029 647,638 1,778,760 3,227,272 11,695,543 7,228,046 4,035,888 3,135,202 900,685 * 20,263 1,628,640 5,878,132 4,769,492 2,100,517 75,432 2,025,086 2,668,975 1,540,316 45,517 * 438 1,082,704 (26) 90,263,594 * 2,201 3,022,140 503,310 * 1,472,162 * 87,537 959,131 123,460 180,790 * 537 * 130,039 * 50,214 36,126,204 1,151,277 1,668,507 * 1,037,689 * 44,608 * 48,591 * 59,575 * 33,513 * 339,366 * 23,557 13,863,724 5,607,205 2,952,855 2,654,350 49,804 48,302 163,028 1,371,704 1,415,825 4,014,435 3,656,049 1,732,763 1,206,974 525,789 * 6,557 827,813 3,757,402 3,021,734 1,423,062 62,648 1,360,414 1,598,671 1,002,499 42,859 0 553,313 296 Footnotes at end of table. Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Gross income (less loss)--Continued Major and selected minor industry of U.S. corporation filing return Deductions Definitely allocable deductions Total Total Rents, royalties, and license fees Service income Other income Oil and gas extraction income [3] Foreign branch income [3] (20) Wholesale and retail trade--continued Retail trade......................................................................... Motor vehicle, parts dealers, and gas stations............... Furniture and home furnishing stores ............................ Building materials, garden equipment, and supplies...... Food and beverages stores............................................ Apparel and accessory stores........................................ General merchandise stores.......................................... Miscellaneous retail trade............................................... Transportation and warehousing........................................ Air, rail, and water transportation....................................... Water transportation....................................................... Air and rail transportation............................................... Other transportation and warehousing............................... Information............................................................................ Publishing, motion picture, and sound recording............... Broadcasting, Internet publishing....................................... Telecommunications.......................................................... Internet service providers, Web search portals, and data processing services........................................................ Other information services................................................. Finance, insurance, real estate, and rental and leasing... Finance and insurance....................................................... Commercial banking and other depository credit agencies..................................................................... Commercial banking................................................... Depository credit agencies other than banks............. Nondepository credit intermediation............................... Securities, commodity contracts, and other................... Insurance and related activities...................................... Insurance agencies and brokerages.......................... Funds, trusts, and other financial vehicles..................... Real estate and rental and leasing..................................... Real estate..................................................................... Rentals and leasing........................................................ Services................................................................................. Professional, scientific, and technical services.................. Management of holding companies................................... Administrative and support and waste management and remediation.............................................................. Education services, health care, and social assistance..... Arts, entertainment, and recreation.................................... Accommodation and food services.................................... Accommodation.............................................................. Food services and drinking places................................. Other services.................................................................... Repair and maintenance services.................................. Personal services, religious, grantmaking, civic, professional, etc............................................. Footnotes at end of table. (21) * 236,537 * 881 0 0 0 * 1,110 * 319 * 234,227 4,446,633 * 40,050 * 39,785 * 265 4,406,583 1,710,146 157,803 * 158,370 * 715,544 * 670,867 * 7,563 3,557,320 3,555,668 * 14 * 14 0 * 1,426,527 766,522 1,362,605 * 68,370 0 * 1,651 * 512 * 1,139 3,323,223 2,321,003 * 309,467 337,620 * 51,024 * 164,729 132,371 * 101,549 * 30,821 * 7,009 * 49 * 6,960 (22) 557,925 * 11,324 * 393 * -92 * 66,266 268,095 * 70,703 141,237 3,851,811 * 1,417,622 * 1,323,340 * 94,283 * 2,434,189 5,777,404 5,286,003 * 54,736 * 130,026 * 63,261 * 243,378 25,627,806 25,594,589 * 131 * 131 0 * 5,264,225 6,137,469 14,180,670 * 624,409 * 12,094 33,217 33,217 0 13,730,500 2,852,416 7,601,243 988,593 * 25,122 * 243,398 2,008,749 * 593,320 * 1,415,429 * 10,978 * 6,048 * 4,930 (23) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 * 5,057 * 5,057 0 0 0 0 0 * 5,057 0 0 0 0 0 * 322,790 0 * 322,790 0 0 0 0 0 0 0 0 0 (24) 354,035 * 3,775 0 0 0 * 209,783 * 13,003 127,475 3,525,425 * 18,092 * 6,705 * 11,387 * 3,507,333 4,502,949 3,847,145 * 13,099 * 118,798 * 258,868 * 265,040 13,033,259 13,033,026 0 0 0 * 2,788,033 613,405 9,631,588 * 649,455 0 * 233 * 165 * 67 23,675,837 3,999,908 17,529,431 289,193 * 8,059 * 44,534 1,804,712 * 544,450 * 1,260,262 0 0 0 (25) 1,108,640 * 11,204 * 3,929 * 3,027 * 70,674 261,335 * 265,052 493,419 7,737,077 1,458,668 * 1,327,211 * 131,457 6,278,409 14,531,191 9,513,790 * 2,921,971 * 803,608 * 1,028,137 263,685 34,787,658 34,754,239 * 15,783 * 15,751 * 32 7,652,743 11,136,466 15,842,323 * 667,911 * 106,924 33,418 17,821 * 15,597 34,914,302 5,370,276 24,945,886 1,051,969 93,281 * 374,839 3,033,879 894,608 2,139,271 * 44,172 0 * 44,172 (26) 735,668 * 9,325 * 1,027 * 25 * 70,257 185,073 * 150,864 319,097 6,940,284 * 845,479 * 780,687 * 64,792 6,094,806 6,188,837 2,041,930 * 2,579,815 * 676,484 * 672,973 * 217,634 17,102,968 17,084,712 * 105 * 105 0 5,014,545 4,579,028 7,479,353 * 479,536 * 11,680 18,256 8,427 * 9,829 16,819,308 4,410,063 9,283,339 601,784 * 70,321 * 327,595 2,087,943 * 794,832 1,293,111 * 38,262 0 * 38,262 958,772 * 3,549 * 3,500 * 38,283 * 3,990 277,124 * 405,627 226,699 142,884 * 49,176 0 * 49,176 93,708 14,833,472 10,883,830 * 3,294,307 * 111,620 * 473,605 * 70,110 608,843 574,233 0 0 0 * 108,139 * 27,575 438,519 * 787 0 34,610 * 8,377 26,234 5,625,823 1,115,989 2,679,519 230,964 * 45,980 * 72,705 1,454,934 * 116,099 * 1,338,836 * 25,731 0 * 25,731 297 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Deductions--Continued Major and selected minor industry of U.S. corporation filing return Definitely allocable deductions--Continued Depreciation, depletion, and amortization (27) Other definitely allocable deductions (30) 73,704,894 * 172 2,646,630 486,683 * 1,234,445 * 87,336 * 838,167 * 69,567 * 12,658 * 23 * 5,940 * 6,695 34,534,525 1,135,073 1,641,578 * 1,037,689 * 44,608 * 21,984 * 9,759 * 33,362 * 339,338 * 7,880 13,788,407 5,530,899 2,905,606 2,625,293 41,590 * 39,020 * 123,866 1,363,191 1,155,104 3,275,484 3,643,533 1,543,281 1,201,519 341,761 * 6,555 790,015 3,595,271 2,903,961 1,357,254 * 46,756 1,310,498 1,546,706 985,121 * 35,230 0 526,355 Deductions not allocable to specific types of income Total Other expenses Service expenses Research and development (32) 9,118,649 * 380 * 31,752 * 672 0 0 * 31,080 * 376 * 174 0 * 90 * 84 6,438,835 52,239 * 53,022 * 50,481 * 10,665 0 * 2,921 * 17 * 101,907 * 2,343 * 148,308 3,269,214 2,212,889 1,056,325 11,935 * 2,293 * 13,328 62,489 346,051 1,700,249 183,632 338,869 236,400 102,469 * 784 138,569 55,930 53,321 * 6,150 0 * 6,150 47,171 * 31,025 0 0 * 16,146 (28) 3,337,940 * 125 * 68,569 *8 * 59,183 *1 * 9,378 * 139 * 3,604 0 * 3,148 * 456 279,789 * 16,147 * 24,566 0 0 * 16,214 0 * 24 * 27 * 525 * 71,653 56,444 * 46,943 9,501 * 8,196 * 3,742 0 * 283 12,428 10,315 * 10,653 * 14,159 * 793 * 13,366 *2 * 34,411 97,447 70,866 44,707 * 10,351 34,356 26,158 * 3,929 * 2,232 0 * 19,998 (29) 11,739,435 * 1,904 * 274,826 * 1,222 * 178,533 * 200 * 94,871 * 29,130 * 162,473 * 514 * 118,896 * 43,063 1,297,534 * 57 * 2,364 0 0 * 8,228 * 49,816 * 127 *1 * 15,152 * 3,665 * 19,660 * 306 * 19,353 * 18 * 5,540 * 36,303 * 4,907 246,254 727,523 * 1,080 * 173,494 * 2,846 * 170,648 0 * 3,346 48,915 38,184 * 19,488 * 3,932 * 15,556 * 18,695 * 13,449 * 2,789 0 * 2,458 (31) 79,729,471 * 6,814 723,896 * 115,052 * 390,765 * 8,641 209,439 * 214,865 16,575 * 826 * 6,344 * 9,405 31,727,760 775,785 2,082,595 * 574,032 * 29,638 * 216,295 * 9,710 * 2,480 460,352 * 4,470 2,367,393 8,527,345 4,382,232 4,145,113 128,092 49,727 484,610 407,056 1,811,448 7,681,109 3,571,998 2,303,125 1,928,229 374,896 * 13,706 800,827 2,120,730 1,747,758 677,455 * 12,784 664,671 1,070,303 537,817 * 2,658 * 438 529,390 298 All industries..................................................................... Agriculture, forestry, fishing, and hunting......................... Mining.................................................................................... Oil and gas extraction......................................................... Coal mining and metal ore mining...................................... Nonmetallic minerals.......................................................... Support activities for mining............................................... Utilities................................................................................... Construction......................................................................... Building, developing, and general contracting.................... Heavy construction............................................................. Special trade contractors.................................................... Manufacturing....................................................................... Food manufacturing........................................................... Beverage and tobacco products......................................... Tobacco manufacturing.................................................. Textile mills and textile product mills ................................ Apparel manufacturing....................................................... Leather and allied product manufacturing.......................... Wood product manufacturing............................................. Paper manufacturing.......................................................... Printing and related support activities................................ Petroleum and coal products manufacturing...................... Chemical manufacturing..................................................... Pharmaceutical and medicine manufacturing................ Other chemical manufacturing....................................... Plastics and rubber products manufacturing...................... Nonmetallic mineral product manufacturing....................... Primary metal manufacturing............................................. Fabricated metal products.................................................. Machinery manufacturing................................................... Computer and electronic product manufacturing............... Electrical equipment, appliance, and component manufacturing................................................................. Transportation equipment manufacturing........................... Motor vehicles and related manufacturing......................... Other transportation equipment manufacturing.................. Furniture and related products........................................... Miscellaneous manufacturing and manufacturing not allocable................................................................... Wholesale and retail trade................................................... Wholesale trade................................................................. Durable goods................................................................ Machinery, equipment, and supplies.......................... Other miscellaneous durable goods........................... Nondurable goods.......................................................... Drugs, chemicals, and allied products........................ Groceries and related products.................................. Petroleum and petroleum products............................ Other miscellaneous nondurable goods..................... Footnotes at end of table. 1,481,325 0 * 32,114 * 15,399 0 0 * 16,715 * 24,625 * 2,055 0 * 2,055 0 14,356 0 0 0 0 * 2,165 0 0 0 0 0 * 203 0 * 203 0 0 * 2,859 * 3,322 * 2,039 * 1,113 * 783 * 1,829 * 1,816 * 13 0 * 41 15,770 8,724 * 1,612 * 1,609 *3 * 7,112 0 * 2,609 0 * 4,503 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Deductions--Continued Major and selected minor industry of U.S. corporation filing return Definitely allocable deductions--Continued Depreciation, depletion, and amortization (27) Other definitely allocable deductions (30) 691,310 * 7,029 * 1,027 0 * 70,257 176,189 * 150,263 286,546 2,955,499 * 806,116 * 768,465 * 37,650 2,149,383 2,514,268 1,782,237 * 284,774 * 106,865 * 128,230 * 212,161 13,951,915 13,951,204 * 105 * 105 0 3,864,424 3,518,271 6,556,723 * 474,613 * 11,680 * 711 * 682 * 28 13,424,389 2,361,233 8,345,226 436,496 * 61,095 * 210,631 2,009,708 * 750,679 1,259,029 0 0 0 Deductions not allocable to specific types of income Total Other expenses Service expenses Research and development (32) * 2,609 0 0 0 0 * 842 0 * 1,767 * 23,362 * 69 0 * 69 * 23,293 2,266,194 2,159,866 * 6,927 * 4,752 * 91,613 * 3,036 * 14,004 * 14,004 0 0 0 * 8,902 * 121 * 4,981 0 0 0 0 0 287,642 245,991 * 4,304 * 31,048 * 326 * 5,830 * 143 0 * 143 0 0 0 (28) 26,581 * 1,589 0 * 25 0 * 6,435 * 254 * 18,278 * 47,954 * 26,545 0 * 26,545 * 21,408 2,265,944 164,209 * 2,046,271 * 34,059 * 15,933 * 5,472 213,739 203,551 0 0 0 * 34,702 * 89,922 * 78,926 * 860 0 * 10,188 * 6,411 * 3,777 360,631 211,600 23,208 * 30,872 * 1,576 * 36,123 26,417 *1 26,416 * 30,834 0 * 30,834 (29) * 10,731 * 691 0 0 0 * 1,036 0 * 9,004 3,933,793 * 12,328 * 12,180 * 148 * 3,921,466 1,236,247 95,418 * 76,457 * 535,560 * 528,810 *1 2,481,833 2,481,300 0 0 0 * 1,114,585 584,335 782,380 * 4,063 0 * 533 * 520 * 13 2,272,780 1,800,552 * 198,733 134,379 * 7,649 * 77,420 * 46,619 * 39,416 * 7,203 * 7,427 0 * 7,427 (31) 372,972 * 1,879 * 2,902 * 3,001 * 417 76,261 * 114,189 174,322 796,792 * 613,189 * 546,524 * 66,665 183,603 8,342,354 7,471,860 * 342,156 * 127,124 * 355,164 * 46,050 17,684,690 17,669,528 * 15,677 * 15,645 * 32 2,638,199 6,557,438 8,362,970 * 188,374 * 95,243 15,162 * 9,394 * 5,768 18,094,994 960,212 15,662,547 450,184 * 22,960 * 47,244 945,936 * 99,776 846,161 * 5,910 0 * 5,910 Wholesale and retail trade--continued Retail trade......................................................................... Motor vehicle, parts dealers, and gas stations............... Furniture and home furnishing stores ............................ Building materials, garden equipment, and supplies...... Food and beverages stores............................................ Apparel and accessory stores........................................ General merchandise stores.......................................... Miscellaneous retail trade............................................... Transportation and warehousing........................................ Air, rail, and water transportation....................................... Water transportation....................................................... Air and rail transportation............................................... Other transportation and warehousing............................... Information............................................................................ Publishing, motion picture, and sound recording............... Broadcasting, Internet publishing....................................... Telecommunications.......................................................... Internet service providers, Web search portals, and data processing services........................................................ Other information services................................................. Finance, insurance, real estate, and rental and leasing... Finance and insurance....................................................... Commercial banking and other depository credit agencies..................................................................... Commercial banking................................................... Depository credit agencies other than banks............. Nondepository credit intermediation............................... Securities, commodity contracts, and other................... Insurance and related activities...................................... Insurance agencies and brokerages.......................... Funds, trusts, and other financial vehicles..................... Real estate and rental and leasing..................................... Real estate..................................................................... Rentals and leasing........................................................ Services................................................................................. Professional, scientific, and technical services.................. Management of holding companies................................... Administrative and support and waste management and remediation.............................................................. Education services, health care, and social assistance..... Arts, entertainment, and recreation.................................... Accommodation and food services.................................... Accommodation.............................................................. Food services and drinking places................................. Other services.................................................................... Repair and maintenance services.................................. Personal services, religious, grantmaking, civic, professional, etc............................................. Footnotes at end of table. * 7,046 * 17 0 0 0 * 1,414 * 347 * 5,268 * 3,038 * 490 * 42 * 448 * 2,548 * 172,379 * 66 * 172,313 0 0 0 455,481 * 448,656 0 0 0 * 832 * 386,499 * 61,325 0 0 * 6,825 * 814 * 6,010 761,507 36,679 * 716,172 * 37 0 * 3,421 * 5,198 * 4,736 * 463 0 0 0 299 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Deductions--Continued Major and selected minor industry of U.S. corporation filing return Deductions not allocable to specific types of income-Continued Interest Other Taxable income (less loss) before adjustments Taxable income (less loss) after adjustments Deductions from oil and gas extraction income [4] Adjustments to taxable income (33) All industries..................................................................... Agriculture, forestry, fishing, and hunting......................... Mining.................................................................................... Oil and gas extraction......................................................... Coal mining and metal ore mining...................................... Nonmetallic minerals.......................................................... Support activities for mining............................................... Utilities................................................................................... Construction......................................................................... Building, developing, and general contracting.................... Heavy construction............................................................. Special trade contractors.................................................... Manufacturing....................................................................... Food manufacturing........................................................... Beverage and tobacco products......................................... Tobacco manufacturing.................................................. Textile mills and textile product mills ................................ Apparel manufacturing....................................................... Leather and allied product manufacturing.......................... Wood product manufacturing............................................. Paper manufacturing.......................................................... Printing and related support activities................................ Petroleum and coal products manufacturing...................... Chemical manufacturing..................................................... Pharmaceutical and medicine manufacturing................ Other chemical manufacturing....................................... Plastics and rubber products manufacturing...................... Nonmetallic mineral product manufacturing....................... Primary metal manufacturing............................................. Fabricated metal products.................................................. Machinery manufacturing................................................... Computer and electronic product manufacturing............... Electrical equipment, appliance, and component manufacturing................................................................. Transportation equipment manufacturing........................... Motor vehicles and related manufacturing......................... Other transportation equipment manufacturing.................. Furniture and related products........................................... Miscellaneous manufacturing and manufacturing not allocable................................................................... Wholesale and retail trade................................................... Wholesale trade................................................................. Durable goods................................................................ Machinery, equipment, and supplies.......................... Other miscellaneous durable goods........................... Nondurable goods.......................................................... Drugs, chemicals, and allied products........................ Groceries and related products.................................. Petroleum and petroleum products............................ Other miscellaneous nondurable goods..................... Footnotes at end of table. (34) 36,911,292 * 5,088 331,507 * 21,795 * 201,359 * 189 108,163 * 45,882 * 7,260 0 * 1,776 * 5,484 12,578,951 221,322 * 1,187,477 * 51,410 * 3,047 * 132,650 * 4,698 * 2,115 * 238,288 * 674 * 920,072 2,663,057 1,101,568 1,561,489 38,694 * 6,062 * 38,123 103,662 661,211 5,147,063 662,701 208,363 137,159 71,204 * 1,594 338,075 1,382,728 1,240,088 551,482 * 2,258 549,224 688,606 448,539 *8 * 214 239,846 (35) 7,067,522 0 571,796 552,263 * 19,533 0 0 0 0 0 0 0 * 6,467,584 0 0 0 0 0 0 0 0 0 * 6,464,767 0 0 0 0 0 0 0 * 2,817 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (36) 160,855,609 20,625 3,109,073 823,313 * 666,564 * 94,334 1,524,861 1,283,592 85,109 16,543 45,708 22,858 105,173,560 4,015,069 6,984,274 * 3,396,852 * 102,291 339,388 * 47,546 4,843 1,704,502 36,094 25,062,453 23,944,121 13,233,231 10,710,889 217,154 208,366 961,810 2,019,442 3,959,830 20,410,667 5,290,662 7,102,643 5,512,373 1,590,270 113,687 2,648,717 5,112,152 3,558,688 980,732 97,413 883,319 2,577,956 1,145,877 16,237 * 1,326 1,414,515 (37) 15,034,623 * 8,394 338,015 * 6,260 * 131,325 * 1,749 * 198,681 * 658,563 * 20,147 0 * 11,723 * 8,425 8,763,970 400,144 * 179,059 [5] * 16,323 * 210 * 2,854 * 2,092 * 79,434 * 2,324 23,311 2,682,867 * 2,108,094 574,773 * 9,199 * 6,037 * 258,934 51,324 445,056 3,976,037 55,116 84,083 * 67,244 * 16,839 * 5,792 483,777 504,298 459,355 288,996 * 9,422 279,573 170,360 * 54,177 * 759 0 115,424 (38) 145,820,986 12,231 2,771,058 817,053 * 535,239 * 92,585 1,326,181 625,029 64,962 16,543 33,985 14,434 96,409,590 3,614,925 6,805,215 * 3,396,852 * 85,969 339,178 * 44,692 2,751 1,625,068 33,770 25,039,142 21,261,254 11,125,137 10,136,116 207,955 202,329 702,876 1,968,118 3,514,774 16,434,630 5,235,546 7,018,561 5,445,129 1,573,431 107,895 2,164,941 4,607,855 3,099,333 691,736 87,991 603,746 2,407,597 1,091,700 15,478 * 1,326 1,299,091 32,748,184 * 1,346 357,686 * 91,133 * 187,907 * 8,452 70,195 * 168,608 * 5,869 * 826 * 1,206 * 3,837 12,452,252 501,301 * 830,833 * 470,469 * 15,926 * 82,736 * 2,091 * 348 * 113,677 * 1,453 1,298,642 2,505,435 1,063,420 1,442,014 76,166 * 20,364 428,380 218,466 788,019 795,672 2,718,210 1,745,638 1,553,704 191,934 * 11,328 297,569 559,785 357,996 48,087 * 2,346 45,741 309,909 44,383 * 227 * 224 265,075 300 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Deductions--Continued Major and selected minor industry of U.S. corporation filing return Deductions not allocable to specific types of income-Continued Interest Other Taxable income (less loss) before adjustments Taxable income (less loss) after adjustments Deductions from oil and gas extraction income [4] Adjustments to taxable income (33) Wholesale and retail trade--continued Retail trade......................................................................... Motor vehicle, parts dealers, and gas stations............... Furniture and home furnishing stores ............................ Building materials, garden equipment, and supplies...... Food and beverages stores............................................ Apparel and accessory stores........................................ General merchandise stores.......................................... Miscellaneous retail trade............................................... Transportation and warehousing........................................ Air, rail, and water transportation....................................... Water transportation....................................................... Air and rail transportation............................................... Other transportation and warehousing............................... Information............................................................................ Publishing, motion picture, and sound recording............... Broadcasting, Internet publishing....................................... Telecommunications.......................................................... Internet service providers, Web search portals, and data processing services........................................................ Other information services................................................. Finance, insurance, real estate, and rental and leasing... Finance and insurance....................................................... Commercial banking and other depository credit agencies..................................................................... Commercial banking................................................... Depository credit agencies other than banks............. Nondepository credit intermediation............................... Securities, commodity contracts, and other................... Insurance and related activities...................................... Insurance agencies and brokerages.......................... Funds, trusts, and other financial vehicles..................... Real estate and rental and leasing..................................... Real estate..................................................................... Rentals and leasing........................................................ Services................................................................................. Professional, scientific, and technical services.................. Management of holding companies................................... Administrative and support and waste management and remediation.............................................................. Education services, health care, and social assistance..... Arts, entertainment, and recreation.................................... Accommodation and food services.................................... Accommodation.............................................................. Food services and drinking places................................. Other services.................................................................... Repair and maintenance services.................................. Personal services, religious, grantmaking, civic, professional, etc............................................. Footnotes at end of table. (34) 142,639 * 850 * 50 * 491 * 291 * 19,424 * 7,389 * 114,143 647,265 * 567,272 * 537,635 * 29,637 * 79,992 5,371,613 5,051,860 * 107,065 * 25,291 * 152,637 * 34,760 9,564,425 9,553,476 * 15,320 * 15,320 0 * 1,853,873 1,341,761 6,338,327 * 41,174 * 4,195 * 10,949 * 8,760 * 2,188 6,976,575 506,231 5,618,382 339,543 * 7,551 * 25,163 * 476,511 * 23,763 * 452,748 * 3,194 0 * 3,194 (35) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 * 4,920 * 4,920 0 0 0 0 0 * 4,920 0 0 0 0 0 * 23,222 0 * 23,222 0 0 0 0 0 0 0 0 0 (36) 1,553,464 94,666 * 73,154 * 38,707 4,102 687,856 * 275,325 379,654 1,140,954 202,811 * 78,418 * 124,393 938,143 12,526,820 8,769,917 1,095,879 2,095,307 * 387,920 177,797 17,205,214 17,139,053 23,962 * 22,649 1,313 1,186,996 6,650,890 8,329,720 912,135 947,485 66,161 54,074 12,087 15,198,509 1,956,688 10,710,619 743,875 98,735 139,339 1,451,535 225,321 1,226,215 97,718 * 8,353 89,365 (37) 44,942 * 359 * 3,504 0 * 1,661 * 2,414 [5] * 37,004 * 32,874 * 29,780 * 3,982 * 25,798 * 3,094 373,094 228,285 * 6,641 * 84,254 * 830 * 53,083 3,560,849 3,553,045 * 4,054 * 4,054 0 * 2,192 1,077,504 2,467,925 0 * 1,370 * 7,804 * 5,586 * 2,218 774,419 350,548 98,811 237,816 * 22,700 * 2,259 60,955 * 29,209 * 31,745 * 1,330 0 * 1,330 (38) 1,508,522 94,306 * 69,650 * 38,707 2,441 685,442 * 275,325 342,650 1,108,080 173,031 * 74,436 * 98,595 935,049 12,153,726 8,541,632 1,089,238 2,011,053 * 387,090 124,714 13,644,366 13,586,009 19,908 * 18,595 1,313 1,184,805 5,573,386 5,861,795 912,135 946,115 58,357 48,488 9,869 14,424,090 1,606,140 10,611,808 506,059 76,035 137,080 1,390,581 196,111 1,194,469 96,388 * 8,353 88,035 201,789 * 878 * 2,843 * 2,510 * 126 * 35,542 * 106,294 53,596 123,725 * 45,808 * 8,880 * 36,928 * 77,918 635,351 196,237 * 223,683 * 97,070 * 110,860 * 7,500 7,670,746 7,670,014 * 357 * 325 * 32 * 770,255 5,177,252 1,631,340 * 147,200 * 90,810 * 732 * 580 * 152 10,772,816 169,832 10,038,166 79,003 * 14,684 * 7,191 461,448 * 68,178 393,270 * 2,493 0 * 2,493 301 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Foreign taxes available for credit Major and selected minor industry of U.S. corporation filing return Total Paid or accrued Reduction for certain foreign taxes Carryover Total paid, accrued, and deemed paid Taxes withheld Total Dividends (39) All industries..................................................................... Agriculture, forestry, fishing, and hunting......................... Mining.................................................................................... Oil and gas extraction......................................................... Coal mining and metal ore mining...................................... Nonmetallic minerals.......................................................... Support activities for mining............................................... Utilities................................................................................... Construction......................................................................... Building, developing, and general contracting.................... Heavy construction............................................................. Special trade contractors.................................................... Manufacturing....................................................................... Food manufacturing........................................................... Beverage and tobacco products......................................... Tobacco manufacturing.................................................. Textile mills and textile product mills ................................ Apparel manufacturing....................................................... Leather and allied product manufacturing.......................... Wood product manufacturing............................................. Paper manufacturing.......................................................... Printing and related support activities................................ Petroleum and coal products manufacturing...................... Chemical manufacturing..................................................... Pharmaceutical and medicine manufacturing................ Other chemical manufacturing....................................... Plastics and rubber products manufacturing...................... Nonmetallic mineral product manufacturing....................... Primary metal manufacturing............................................. Fabricated metal products.................................................. Machinery manufacturing................................................... Computer and electronic product manufacturing............... Electrical equipment, appliance, and component manufacturing................................................................. Transportation equipment manufacturing........................... Motor vehicles and related manufacturing......................... Other transportation equipment manufacturing.................. Furniture and related products........................................... Miscellaneous manufacturing and manufacturing not allocable................................................................... Wholesale and retail trade................................................... Wholesale trade................................................................. Durable goods................................................................ Machinery, equipment, and supplies.......................... Other miscellaneous durable goods........................... Nondurable goods.......................................................... Drugs, chemicals, and allied products........................ Groceries and related products.................................. Petroleum and petroleum products............................ Other miscellaneous nondurable goods..................... Footnotes at end of table. (40) 1,844,165 0 183,751 * 110,950 * 63,723 * 9,079 0 0 0 0 0 0 1,642,048 * 738 * 766 0 0 0 0 0 * 15 0 * 1,638,468 * 20 *1 * 19 * 37 0 * 1,745 * 29 * 128 0 * 26 * 77 * 77 0 0 0 * 351 * 351 * 236 0 * 236 * 116 0 0 0 * 116 (41) 17,496,759 * 2,569 742,706 146,818 * 474,941 * 62,393 * 58,554 * 243,662 4,535 * 844 * 1,450 * 2,241 13,306,004 232,401 * 10,566 0 * 2,845 * 66,943 * 5,040 * 677 * 101,323 * 1,301 7,713,599 1,555,355 680,309 875,047 22,941 8,278 46,258 214,998 437,211 2,518,310 70,401 182,285 146,677 * 35,608 * 10,751 104,520 345,155 238,950 65,314 * 3,751 61,562 173,637 110,611 * 3,398 * 80 59,547 (42) 41,483,106 2,640 1,233,871 333,248 * 305,023 * 32,796 562,804 99,832 21,970 3,280 14,014 4,676 27,362,642 1,279,948 1,908,706 * 891,612 * 24,676 107,942 * 5,046 1,013 610,247 10,980 8,972,631 5,485,977 2,937,794 2,548,183 68,218 62,377 275,118 549,466 1,160,685 3,311,412 1,492,793 1,541,813 1,184,847 356,967 35,446 458,147 1,255,809 915,123 204,620 28,752 175,868 710,502 278,642 3,738 * 278 427,845 (43) 17,290,924 1,804 684,442 230,191 * 279,826 * 15,500 158,925 16,605 15,512 1,315 11,886 2,311 9,867,130 169,659 450,318 * 115,140 * 1,292 * 34,498 * 3,378 906 96,694 1,627 5,881,483 1,044,324 513,552 530,772 14,035 7,480 79,799 205,628 257,349 853,392 369,177 267,807 186,445 81,363 * 4,179 124,104 454,954 310,748 116,528 5,942 110,585 194,221 82,738 3,090 * 278 108,115 (44) 1,522,361 927 4,458 * 68 * 1,827 * 45 * 2,518 * 4,399 343 258 * 67 * 19 862,668 29,666 * 178,404 * 85,328 * 770 * 559 * 126 * 19 * 44,480 * 881 67,561 329,731 174,856 154,875 * 2,872 1,967 * 11,461 36,454 16,504 71,245 8,530 42,146 25,809 * 16,337 * 3,204 16,088 94,875 53,384 4,001 * 1,534 2,466 49,384 24,969 *3 *2 24,410 57,135,700 5,209 1,792,826 369,117 * 716,240 * 86,110 621,359 343,494 26,505 4,124 15,464 6,917 39,026,598 1,511,611 1,918,506 * 891,612 * 27,521 174,885 * 10,086 1,690 711,556 12,281 15,047,762 7,041,313 3,618,102 3,423,211 91,122 70,655 319,632 764,435 1,597,768 5,829,722 1,563,168 1,724,021 1,331,447 392,575 46,197 562,668 1,600,612 1,153,722 269,698 32,503 237,195 884,023 389,253 7,135 * 358 487,277 302 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Foreign taxes available for credit Major and selected minor industry of U.S. corporation filing return Total Paid or accrued Reduction for certain foreign taxes Carryover Total paid, accrued, and deemed paid Taxes withheld Total Dividends (39) Wholesale and retail trade--continued Retail trade......................................................................... Motor vehicle, parts dealers, and gas stations............... Furniture and home furnishing stores ............................ Building materials, garden equipment, and supplies...... Food and beverages stores............................................ Apparel and accessory stores........................................ General merchandise stores.......................................... Miscellaneous retail trade............................................... Transportation and warehousing........................................ Air, rail, and water transportation....................................... Water transportation....................................................... Air and rail transportation............................................... Other transportation and warehousing............................... Information............................................................................ Publishing, motion picture, and sound recording............... Broadcasting, Internet publishing....................................... Telecommunications.......................................................... Internet service providers, Web search portals, and data processing services........................................................ Other information services................................................. Finance, insurance, real estate, and rental and leasing... Finance and insurance....................................................... Commercial banking and other depository credit agencies..................................................................... Commercial banking................................................... Depository credit agencies other than banks............. Nondepository credit intermediation............................... Securities, commodity contracts, and other................... Insurance and related activities...................................... Insurance agencies and brokerages.......................... Funds, trusts, and other financial vehicles..................... Real estate and rental and leasing..................................... Real estate..................................................................... Rentals and leasing........................................................ Services................................................................................. Professional, scientific, and technical services.................. Management of holding companies................................... Administrative and support and waste management and remediation.............................................................. Education services, health care, and social assistance..... Arts, entertainment, and recreation.................................... Accommodation and food services.................................... Accommodation.............................................................. Food services and drinking places................................. Other services.................................................................... Repair and maintenance services.................................. Personal services, religious, grantmaking, civic, professional, etc............................................. Footnotes at end of table. (40) 0 0 0 0 0 0 0 0 0 0 0 0 0 * 566 * 566 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 * 17,448 * 65 * 17,382 0 0 0 0 0 0 0 0 0 (41) 106,205 * 1,521 * 1,148 0 * 622 * 68,769 0 * 34,146 45,368 * 23,565 * 3,362 * 20,203 21,803 643,360 295,382 * 219,103 * 86,244 * 24,767 * 17,863 1,182,107 1,169,776 0 0 0 * 39,327 469,932 656,876 * 28,065 * 3,640 12,332 11,588 * 744 981,292 129,782 523,489 37,431 * 8,502 * 1,773 270,265 * 57,255 213,010 * 10,049 0 * 10,049 (42) 340,686 34,231 * 20,653 * 16,534 1,371 92,132 * 52,183 123,581 143,543 50,901 * 31,054 * 19,847 92,642 2,380,642 1,620,109 216,999 405,011 * 98,411 40,111 3,708,041 3,695,021 1,556 * 1,348 209 178,403 1,403,818 1,824,492 350,442 286,752 13,020 11,034 1,987 5,274,117 583,353 4,029,531 138,468 20,669 43,112 426,559 44,729 381,830 32,425 * 536 31,889 (43) 144,205 2,352 * 368 * 16,534 * 641 52,094 * 42,427 29,788 67,094 26,147 * 17,334 * 8,813 40,947 1,350,194 1,092,684 * 167,028 50,984 * 33,569 5,929 1,888,066 1,883,019 1,547 * 1,348 199 149,158 436,706 1,091,901 39,313 203,707 5,048 3,124 1,924 2,945,124 286,902 2,257,642 97,875 5,185 32,496 260,622 26,846 233,776 4,401 * 536 3,865 (44) 41,490 * 1,273 0 * 10,318 *2 * 701 * 25,207 3,990 3,262 * 62 * 62 0 3,200 90,896 40,140 * 11,257 * 37,770 * 1,555 * 173 214,912 214,706 28 *2 26 * 11,791 23,779 177,867 * 6,136 * 1,241 207 207 0 245,622 13,578 208,980 3,406 * 518 * 404 16,607 * 639 * 15,968 2,129 *7 2,122 446,891 35,752 * 21,800 * 16,534 1,993 160,901 * 52,183 157,727 188,911 74,466 * 34,417 * 40,050 114,445 3,023,435 1,914,925 436,102 491,255 * 123,179 57,975 4,890,148 4,864,796 1,556 * 1,348 209 217,729 1,873,750 2,481,368 378,507 290,392 25,352 22,621 2,730 6,237,961 713,069 4,535,638 175,899 29,172 44,885 696,824 101,984 594,840 42,474 * 536 41,938 303 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Foreign taxes available for credit--Continued Major and selected minor industry of U.S. corporation filing return Paid or accrued--Continued Taxes withheld--Continued Other taxes paid or accrued on-Taxes deemed Specifically paid Rents, allocable Service Other income royalties, and Branch income income income license fees (section 863(b)) (46) (47) (48) (49) (50) (51) 2,332,939 * 306 12,619 * 63 * 3,157 * 59 * 9,339 * 5,725 * 2,788 * 392 * 2,165 * 231 1,261,229 42,699 * 75,277 * 15,774 * 287 * 6,437 * 1,982 *4 * 27,119 * 368 * 25,420 283,138 115,094 168,045 7,329 * 2,246 * 2,880 20,655 60,191 563,609 16,519 57,641 38,283 19,358 * 353 67,074 154,659 117,359 73,229 * 2,586 70,643 44,130 21,782 * 702 0 21,646 4,513,191 0 256,285 * 67,141 * 55,049 0 * 134,095 * 15 * 2,250 0 * 1,508 * 742 1,247,876 * 58,078 * 174,269 * 6,899 0 * 13,211 * 712 0 * 3,651 0 * 170,844 316,215 * 166,382 149,834 * 940 * 723 * 44,201 102,994 113,728 156,548 15,663 48,928 * 36,978 11,950 0 27,171 122,234 74,506 17,773 * 880 16,892 56,733 * 32,788 * 1,900 0 22,045 12,058 0 0 0 0 0 0 0 0 0 0 0 5,577 * 26 * 699 0 0 0 0 0 * 33 0 0 0 0 0 *3 0 0 0 * 1,519 * 147 * 1,476 * 1,594 * 1,594 0 0 * 79 * 158 * 158 0 0 0 * 158 * 158 0 0 0 494,755 [5] 10,580 * 166 0 0 * 10,414 * 1,764 * 7,763 * 159 * 6,294 * 1,311 72,905 * 664 * 448 * 142 0 * 665 * 51 *7 * 2,606 * 112 * 139 9,452 * 2,982 * 6,470 * 220 * 385 * 17,308 * 3,248 6,281 26,706 * 1,433 * 2,827 * 974 * 1,852 0 * 354 11,709 4,770 1,464 * 665 799 3,305 * 1,107 * 324 0 * 1,875 7,848,878 * 538 392,159 162,473 * 212,805 * 14,827 * 2,053 * 2,002 * 1,438 * 23 * 1,406 *9 6,296,512 32,722 * 19,313 * 6,997 0 * 13,493 * 454 * 633 * 18,210 * 79 * 5,586,260 87,471 * 51,831 35,639 * 968 * 11 * 48 40,345 50,748 23,748 305,176 106,025 * 74,540 * 31,485 0 10,809 63,114 54,268 17,005 * 70 16,934 37,263 * 788 * 47 * 90 36,338 24,192,182 * 836 549,429 * 103,058 * 25,196 * 17,296 * 403,879 * 83,227 6,458 * 1,965 * 2,128 * 2,365 17,495,513 1,110,289 * 1,458,388 * 776,472 * 23,384 * 73,444 * 1,667 * 107 513,554 * 9,353 3,091,148 4,441,653 2,424,242 2,017,411 54,184 54,897 * 195,319 343,838 903,336 2,458,019 1,123,616 1,274,006 998,402 275,604 * 31,266 334,043 800,855 604,374 88,093 * 22,810 65,283 516,281 195,904 * 648 0 319,730 Interest (45) All industries.................................................................... Agriculture, forestry, fishing, and hunting........................ Mining................................................................................... Oil and gas extraction........................................................ Coal mining and metal ore mining..................................... Nonmetallic minerals.......................................................... Support activities for mining............................................... Utilities.................................................................................. Construction......................................................................... Building, developing, and general contracting................... Heavy construction............................................................ Special trade contractors................................................... Manufacturing...................................................................... Food manufacturing........................................................... Beverage and tobacco products........................................ Tobacco manufacturing................................................. Textile mills and textile product mills ................................ Apparel manufacturing....................................................... Leather and allied product manufacturing.......................... Wood product manufacturing............................................. Paper manufacturing.......................................................... Printing and related support activities................................ Petroleum and coal products manufacturing..................... Chemical manufacturing.................................................... Pharmaceutical and medicine manufacturing................ Other chemical manufacturing....................................... Plastics and rubber products manufacturing...................... Nonmetallic mineral product manufacturing....................... Primary metal manufacturing............................................. Fabricated metal products................................................. Machinery manufacturing................................................... Computer and electronic product manufacturing............... Electrical equipment, appliance, and component manufacturing................................................................ Transportation equipment manufacturing.......................... Motor vehicles and related manufacturing......................... Other transportation equipment manufacturing................. Furniture and related products........................................... Miscellaneous manufacturing and manufacturing not allocable................................................................... Wholesale and retail trade.................................................. Wholesale trade................................................................. Durable goods................................................................ Machinery, equipment, and supplies......................... Other miscellaneous durable goods.......................... Nondurable goods.......................................................... Drugs, chemicals, and allied products....................... Groceries and related products.................................. Petroleum and petroleum products............................ Other miscellaneous nondurable goods.................... Footnotes at end of table. 566,742 * 33 8,341 * 279 * 6,988 * 569 * 506 * 2,701 * 929 * 484 * 445 0 120,363 5,804 * 1,908 0 * 235 * 134 * 54 * 242 * 594 * 186 31,259 18,317 2,407 15,910 1,703 * 2,149 * 3,900 1,932 8,378 11,390 20,379 8,647 8,266 * 381 * 623 2,529 8,206 6,305 3,056 * 206 2,850 3,249 1,146 * 114 * 187 1,801 304 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 1.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry--Continued Foreign income and taxes--Continued Foreign taxes available for credit--Continued Major and selected minor industry of U.S. corporation filing return Paid or accrued--Continued Taxes withheld--Continued Other taxes paid or accrued on-Taxes deemed Specifically paid Rents, allocable Service Other income royalties, and Branch income income income license fees (section 863(b)) (46) (47) (48) (49) (50) (51) 37,299 * 387 * 360 * 6,197 0 7,318 * 11,779 11,258 8,708 * 2,421 0 * 2,421 * 6,286 675,827 499,602 * 146,731 * 7,037 * 19,662 * 2,796 23,170 21,724 0 0 0 * 17,248 *2 * 4,474 *6 0 1,445 * 370 * 1,075 187,909 43,961 18,228 8,834 * 4,104 * 2,657 108,589 * 4,782 103,807 * 1,536 0 * 1,536 47,728 * 619 0 0 0 * 41,644 * 523 * 4,942 * 24,767 * 995 * 995 0 * 23,772 444,394 437,046 0 * 4,269 * 1,953 * 1,126 818,201 818,108 0 0 0 * 93,066 * 35,531 689,512 * 27,437 0 * 92 * 10 * 82 1,597,169 177,312 1,283,469 21,010 0 0 * 115,361 * 10,377 * 104,984 * 18 0 * 18 0 0 0 0 0 0 0 0 *2 0 0 0 *2 * 2,941 * 2,941 0 0 0 0 * 85 *1 0 0 0 0 *1 0 0 0 * 84 0 * 84 * 3,295 * 170 0 0 0 0 * 3,126 * 3,126 0 0 0 0 * 6,940 0 0 0 0 * 10 0 * 6,930 17,174 * 14,101 * 14,035 * 66 * 3,073 28,407 8,989 * 8,637 * 577 * 10,035 * 169 24,439 24,356 [5] [5] 0 * 14,066 7,571 2,720 * 332 0 * 83 * 65 * 18 320,013 41,797 * 214,127 51,107 * 194 * 10,442 * 2,039 * 1,862 * 177 * 307 * 307 * 307 8,847 * 54 0 0 * 631 * 1,522 * 4,918 * 1,721 * 10,927 * 8,447 * 2,167 * 6,280 * 2,480 102,496 100,487 * 366 * 11 0 * 1,632 576,790 574,043 * 15 * 15 0 * 6,106 367,404 198,822 * 5,009 * 1,696 2,747 * 2,092 * 655 402,902 6,522 358,145 * 12,129 * 286 * 18,814 7,006 * 4,875 * 2,130 0 0 0 196,481 * 31,879 * 20,285 0 * 730 40,038 * 9,756 * 93,793 76,450 * 24,754 * 13,721 * 11,034 * 51,695 1,030,448 527,425 * 49,970 * 354,027 * 64,842 * 34,183 1,819,974 1,812,002 * 10 0 * 10 * 29,244 967,112 732,591 * 311,129 * 83,045 * 7,973 * 7,910 * 63 2,328,993 296,450 1,771,889 40,594 * 15,484 * 10,615 165,937 * 17,883 * 148,054 * 28,024 0 * 28,024 Interest (45) Wholesale and retail trade--continued Retail trade......................................................................... Motor vehicle, parts dealers, and gas stations............... Furniture and home furnishing stores ........................... Building materials, garden equipment, and supplies..... Food and beverages stores........................................... Apparel and accessory stores........................................ General merchandise stores.......................................... Miscellaneous retail trade.............................................. Transportation and warehousing....................................... Air, rail, and water transportation....................................... Water transportation...................................................... Air and rail transportation............................................... Other transportation and warehousing............................... Information........................................................................... Publishing, motion picture, and sound recording............... Broadcasting, Internet publishing....................................... Telecommunications.......................................................... Internet service providers, Web search portals, and data processing services....................................................... Other information services................................................. Finance, insurance, real estate, and rental and leasing... Finance and insurance....................................................... Commercial banking and other depository credit agencies..................................................................... Commercial banking.................................................. Depository credit agencies other than banks............. Nondepository credit intermediation.............................. Securities, commodity contracts, and other................... Insurance and related activities..................................... Insurance agencies and brokerages.......................... Funds, trusts, and other financial vehicles..................... Real estate and rental and leasing.................................... Real estate..................................................................... Rentals and leasing....................................................... Services................................................................................ Professional, scientific, and technical services.................. Management of holding companies................................... Administrative and support and waste management and remediation............................................................. Education services, health care, and social assistance..... Arts, entertainment, and recreation.................................... Accommodation and food services.................................... Accommodation............................................................. Food services and drinking places................................. Other services.................................................................... Repair and maintenance services.................................. Personal services, religious, grantmaking, civic, professional, etc............................................. Footnotes at end of table. 1,901 * 19 *8 * 19 *8 * 900 *1 947 2,254 * 121 * 75 * 45 * 2,133 5,233 3,479 * 38 * 1,319 * 364 * 32 230,469 230,080 * 1,503 * 1,330 * 173 6,883 2,417 18,507 * 392 * 200,770 390 380 * 10 188,214 3,564 174,692 1,388 * 84 * 178 7,896 * 1,185 * 6,711 * 411 * 222 * 189 305 Corporate Foreign Tax Credit, 2002 Footnotes to Table 1 * Data should be used with caution because of the small number of sample returns on which they were based. [1] Interest-Charge Domestic International Sales Corporation (IC-DISC) and Domestic International Sales Corporation (DISC). [2] In addition to the credits shown in columns 12-14, this is after reduction by other credits, such as the jobs credit and the investment credit, which are not shown separately in this table. [3] Included in gross income (less loss), columns 16-22. See notes below. [4] Included in deductions, columns 25-34. See notes below. [5] Less than $500. NOTES: Detail may not add to totals because of rounding. Columns 2 through 15 present statistics on assets, receipts, income, and taxes reported on the Form 1120, Corporation Income Tax Return series for corporations claiming a foreign tax credit. Columns 16 through 51 present statistics from Form 1118, Foreign Tax Credit-Corporations . Schedule references indicate the schedule of Form 1118 from which the data were obtained. Columns 16 through 35 present statistics on foreign income (i.e., income from sources outside the United States) and deductions reported primarily on Schedule A, Form 1118. Although the amounts of oil and gas income and deductions (columns 23 and 35, respectively) are contained in the summary columns (i.e., columns 16 through 22 and 25 through 34), these amounts are also reported separately (on Schedule I) because oil and gas income is subject to special rules under Internal Revenue Code section 907, which may result in a reduction of foreign taxes available for credit. Foreign branch income and code section 863(b) income (income partly within and partly without the United States) are also included in the summary amounts reported in columns 16 through 22. Foreign branch income is also reported separately on Schedule F, shown in column 24. Total deductions not allocable to specific types of income (column 31) are equal to the sum of columns 32 through 34 (any differences are due to taxpayer-reporting practices). Total foreign-source gross income less loss (column 16) less total foreign deductions (column 25) is equal to foreign-source taxable income before adjustments (column 36). Adjustments to foreign-source taxable income (reported in column 37) include allocations of current-year U.S.-source losses and recapture of foreign losses, as well as other adjustments. These adjustments (reported on Schedule J) affect the numerator of the limitation fraction used to compute the foreign tax credit. The foreign-source taxable income after adjustments (the numerator of the limitation fraction) is reported in column 38. The limitation fraction, which represents the ratio of foreign-source taxable income after adjustments to total (U.S. and foreign) taxable income after adjustments, is applied to the total U.S. tax against which the credit is allowed to determine any limitation on the foreign tax credit. Statistics on foreign taxes are reported in columns 39 through 51. Data on foreign taxes paid, accrued, and deemed paid (through related foreign corporations or their subsidiaries) from Schedule B, Form 1118, are reported in columns 42 through 51. Total foreign taxes paid or accrued (column 43) are the sum of columns 44 through 50 (any differences are due to taxpayer-reporting practices). Total foreign taxes paid, accrued, and deemed paid (column 42) are equal to the sum of total taxes paid or accrued (column 43) and taxes deemed paid (column 51). Total foreign taxes paid, accrued, and deemed paid are then adjusted for certain items (e.g., reductions of foreign taxes under Code section 907 related to oil and gas income), which are reported in column 40, as well as carryovers of foreign taxes not credited in prior years, which are reported in column 41. Thus, total foreign taxes available for credit (column 39) are equal to total foreign taxes paid, accrued, and deemed paid (column 42) less certain foreign taxes (column 40), plus any carryover of prior-year foreign taxes (column 41). 306 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid Foreign income and taxes Gross income (less loss) Selected country Number of returns Total Dividends Foreign dividend income from foreign taxes deemed paid (gross-up) (4) 24,192,161 3,648,815 2,735,699 818,216 57,725 *1 11,066 4,520 15,773 * 1,630 * 154 23,094 * 1,487 737,121 662,540 * 52,449 0 * 823 * 18,071 3,238 1,122,093 74,656 3,987 810,236 80,131 66,843 4,271 * 2,977 6,025 12,155 56,207 * 4,605 * 544 285,709 * 85,239 123,438 36,360 40,671 0 11,202,160 10,013,687 321,529 401,878 239,603 22,112 431,605 709,502 40,981 421,988 594,376 669,163 Interest Rents, royalties, and license fees (1) All geographic areas................................................... Canada.......................................................................... Latin America, total..................................................... Mexico....................................................................... Central America, total................................................ Belize..................................................................... Costa Rica............................................................. El Salvador............................................................ Guatemala............................................................. Honduras............................................................... Nicaragua.............................................................. Panama (including Canal Zone)............................ Central America not allocable................................ Caribbean countries, total.......................................... Cayman Islands (British)........................................ Dominican Republic............................................... Haiti........................................................................ Jamaica................................................................. Trinidad.................................................................. Other Caribbean countries..................................... South America, total.................................................. Argentina............................................................... Bolivia.................................................................... Brazil...................................................................... Chili........................................................................ Colombia................................................................ Ecuador................................................................. Paraguay............................................................... Peru....................................................................... Uruguay................................................................. Venezuela.............................................................. Other South American countries............................ Latin America not allocable........................................ Other Western Hemisphere, total............................... Bahamas.................................................................... Bermuda.................................................................... Netherlands Antilles................................................... Other British West Indies........................................... All other Western Hemisphere................................... Europe, total................................................................. European Union, total................................................ Austria.................................................................... Belgium.................................................................. Denmark................................................................ Finland................................................................... France (including Andorra).................................... Germany................................................................ Greece................................................................... Ireland.................................................................... Italy (including San Marino)................................... Luxembourg........................................................... Footnotes at end of table. (2) 330,848,675 25,136,403 31,119,896 9,523,361 1,222,860 3,750 186,272 152,042 410,536 64,166 49,958 336,864 * 19,271 6,970,760 4,352,349 492,838 12,378 144,672 1,615,532 352,991 12,840,417 915,759 139,103 6,597,670 1,783,560 1,285,967 162,576 66,029 530,801 203,470 1,079,189 76,291 562,497 4,930,057 -438,789 4,182,891 721,660 376,570 87,762 135,980,775 111,846,436 2,318,227 5,231,318 2,084,844 529,999 6,704,941 13,096,133 443,548 8,947,480 4,870,901 4,317,160 (3) 64,110,977 6,989,081 6,426,671 1,745,735 188,579 * 22 29,841 14,659 39,762 * 8,602 * 489 90,387 * 4,817 2,092,183 1,595,953 * 225,230 * 450 * 2,134 45,816 222,601 2,398,492 99,040 61,420 1,533,898 350,217 108,865 12,855 * 10,954 17,475 60,792 131,165 * 11,810 * 1,682 3,212,312 515,510 2,367,631 92,642 235,687 * 843 31,331,802 28,008,041 1,097,449 1,935,002 674,843 71,547 1,073,910 1,454,975 51,815 3,290,725 924,156 2,693,156 (5) 44,540,804 3,534,997 7,405,696 1,191,957 210,799 * 642 20,225 34,245 42,750 6,708 * 2,307 103,922 0 1,849,775 1,708,598 71,478 * 6,746 37,152 23,029 2,772 4,029,329 869,670 17,265 2,264,305 434,221 62,644 27,020 41,752 116,436 82,500 107,714 * 5,801 * 123,836 912,487 330,985 443,958 71,416 50,541 * 15,586 18,314,125 15,913,981 137,089 174,241 104,071 57,314 522,247 887,481 144,923 287,686 281,138 601,422 (6) 57,250,191 3,755,468 3,874,440 2,030,675 162,306 * 21 61,505 11,372 24,197 7,158 2,751 55,169 * 133 170,530 85,003 14,358 * 1,121 21,208 29,536 19,304 1,510,929 175,714 9,919 871,702 103,706 93,407 32,580 2,487 50,623 15,121 154,777 893 0 667,939 46,614 597,467 14,204 4,666 4,987 25,668,433 20,888,014 511,256 621,412 207,727 268,139 2,348,417 3,322,918 82,989 4,349,565 1,117,662 85,341 4,767 1,346 1,086 629 326 20 119 86 199 72 53 141 3 294 141 134 27 64 107 81 683 322 64 446 215 212 171 43 177 100 266 34 12 231 82 163 58 83 37 2,011 1,957 180 242 188 206 450 479 129 225 361 103 307 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes Gross income (less loss) Selected country Number of returns Total Dividends Foreign dividend income from foreign taxes deemed paid (gross-up) (4) Interest Rents, royalties, and license fees (1) Europe--continued European Union--continued Netherlands........................................................... Portugal................................................................. Spain...................................................................... Sweden.................................................................. United Kingdom..................................................... European Union not allocable................................ Other West European countries, total........................ Liechtenstein.......................................................... Monaco.................................................................. Norway................................................................... Switzerland............................................................ Turkey.................................................................... Other West European countries not allocable....... East European countries, total................................... Romania................................................................ Former Soviet Union.............................................. Other East European countries............................. Europe not allocable.................................................. Africa, total................................................................... North Africa, total....................................................... Algeria.................................................................... Egypt...................................................................... Libya...................................................................... Morocco................................................................. Other North African countries................................ East Africa, total......................................................... Ethiopia.................................................................. Kenya..................................................................... Tanzania................................................................ Uganda.................................................................. Other East African countries.................................. West and Central Africa, total.................................... Gabon.................................................................... Ghana.................................................................... Liberia.................................................................... Nigeria................................................................... Zaire....................................................................... Other West and Central African countries............. Southern Africa, total................................................. Malawi.................................................................... South Africa (including Namibia)........................... Zambia................................................................... Zimbabwe.............................................................. Other Southern African countries.......................... Africa not allocable.................................................... Footnotes at end of table. (2) (3) (5) (6) 743 157 320 225 1,352 3 349 6 13 152 274 148 67 299 67 178 229 23 332 145 23 121 10 54 33 88 11 40 8 9 62 115 13 18 17 50 11 76 232 8 225 12 24 12 3 10,576,790 651,590 4,104,352 2,126,602 45,837,977 * 4,574 16,782,443 * 9,210 161,293 5,998,811 8,872,842 789,780 950,508 5,234,570 156,327 2,967,468 2,110,775 2,117,326 7,505,295 1,536,772 52,588 1,338,373 * 13,357 84,150 48,304 424,887 7,154 74,268 * 3,407 * 534 339,523 4,484,183 181,646 28,479 16,718 2,194,735 29,877 2,032,728 1,024,712 * 1,944 933,648 * 1,474 31,586 56,060 * 34,741 4,236,889 190,853 1,365,162 871,490 8,076,069 0 2,678,360 * 9,006 0 182,137 2,420,983 60,219 * 6,015 636,624 11,024 109,165 516,435 * 8,777 1,151,044 42,770 * 563 20,862 * 9,953 * 8,907 * 2,486 87,192 0 * 8,336 * 1,601 0 77,256 924,020 * 105,375 * 2,685 * 4,643 427,686 * 3,385 380,245 97,011 * 827 78,074 * 32 * 16,925 * 1,153 * 51 1,322,724 56,677 1,071,760 363,456 3,346,335 0 958,323 * 84 0 188,361 742,495 27,341 * 42 220,909 4,750 35,020 181,139 * 9,241 525,647 13,899 * 113 9,357 * 2,703 * 1,614 * 113 16,176 0 * 4,991 * 609 0 10,575 443,747 * 56,033 * 1,333 0 * 191,503 * 6,891 * 187,988 51,807 * 1,078 39,580 0 * 10,635 * 514 * 17 1,061,303 29,612 90,211 168,178 11,367,065 0 877,930 * 56 * 1,415 218,012 339,589 313,768 5,090 399,029 3,663 263,852 131,514 * 1,123,184 631,727 190,926 * 24,046 144,192 * 619 244 * 21,824 238,182 0 * 23,008 * 253 [2] 214,920 57,103 * 3,981 * 361 * 9,051 15,496 *8 28,206 141,749 *3 141,326 0 * 420 0 * 3,768 1,993,401 193,593 701,720 381,182 4,701,566 * 1,125 3,855,523 * 19 * 90 95,867 2,759,991 67,898 931,658 829,824 33,452 186,052 610,320 * 95,072 424,163 86,119 * 808 70,486 * 82 13,917 * 826 8,325 936 5,782 * 48 * 497 1,061 22,479 * 327 * 550 * 22 14,467 * 952 6,162 307,120 * 34 252,376 * -404 * 787 54,326 * 121 308 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes Gross income (less loss) Selected country Number of returns Total Dividends Foreign dividend income from foreign taxes deemed paid (gross-up) (4) 4,392,866 64,818 * 194 * 37 * 44 38,374 * 316 * 35 0 7,438 * 8,651 * 4,242 5,485 534,755 * 1,248 30,228 95,504 141,722 7,798 59,571 150,472 * 700 47,307 * 192 * 14 3,793,029 109,604 183,918 3,175,150 211,033 113,323 0 * 264 717,739 646,802 70,811 * 126 60,421 55,712 * 4,709 * 98 * 3,986 * 221 * 404 623,104 0 0 *1 Interest Rents, royalties, and license fees (1) Asia, total...................................................................... Middle East, total....................................................... Bahrain.................................................................. Iran......................................................................... Iraq......................................................................... Israel...................................................................... Kuwait.................................................................... Lebanon................................................................. Qatar...................................................................... Saudi Arabia.......................................................... United Arab Emirates............................................. Other areas of Arabian Peninsula.......................... Other Middle East countries.................................. Southern and Southeast Asia, total........................... Bangladesh............................................................ India....................................................................... Indonesia............................................................... Malaysia................................................................. Pakistan................................................................. Philippines............................................................. Singapore.............................................................. Sri Lanka................................................................ Thailand................................................................. Vietnam.................................................................. Other Southern and Southeast Asian countries.... Eastern Asia, total...................................................... China..................................................................... Hong Kong............................................................. Japan (including Okinawa and Ryukyu Islands).... South Korea, Republic of....................................... Taiwan................................................................... Other Eastern Asian countries............................... Asia not allocable....................................................... Oceania, total............................................................... Australia..................................................................... New Zealand.............................................................. Other countries of Oceania........................................ Puerto Rico and U.S. Possessions, total................... Puerto Rico................................................................ U.S. Possessions, total.............................................. American Samoa................................................... Guam..................................................................... Virgin Islands, U.S................................................. Other U.S. Possessions......................................... Country not stated....................................................... Section 863(b) income................................................. Foreign Sales Corporation dividends [1].................. Interest-Charge Domestic International Sales Corporation dividends [1]....................................... Footnotes at end of table. (2) 68,792,611 5,330,317 385,207 19,355 * 5,089 567,974 76,319 70,879 599,369 1,790,221 852,249 576,957 386,699 18,797,810 89,739 1,254,435 3,660,518 3,805,506 314,901 1,019,127 7,309,054 44,275 1,168,599 49,943 81,714 44,318,462 4,136,471 5,097,094 25,807,673 3,397,109 5,664,011 216,105 * 346,022 8,677,352 7,679,625 776,641 221,086 6,159,081 5,741,255 417,825 18,837 215,741 151,725 31,523 26,512,049 23,197,616 280,575 * 907 (3) 10,973,252 452,825 * 133,525 * 7,736 * 2,854 81,747 * 1,904 * 852 * 23 35,393 79,674 * 10,283 98,834 4,389,012 * 1,276 68,063 265,532 1,312,667 10,285 126,464 2,444,168 * 1,466 154,205 * 535 * 4,350 6,130,599 954,372 1,242,240 3,067,927 460,893 405,167 [2] * 817 1,696,412 1,375,390 179,213 * 141,809 298,625 277,931 * 20,695 * 196 * 14,799 * 1,477 * 4,223 1,750,296 0 280,575 * 907 (5) 6,208,610 485,189 * 171,488 * 468 * 346 160,546 * 524 9,266 12,936 11,466 77,544 * 6,342 34,263 2,570,283 * 25,760 576,017 329,873 63,556 100,020 356,070 772,702 * 17,337 302,090 18,014 * 8,843 3,090,133 127,996 754,825 667,206 661,191 839,755 * 39,159 * 63,005 1,153,964 974,770 170,019 * 9,175 939,899 787,157 152,742 * 6,601 121,962 7,291 * 16,887 5,435,449 * 3,849 0 0 (6) 14,333,742 435,545 3,055 * 11,058 * 685 162,567 6,522 6,380 1,734 63,990 85,796 39,404 54,355 3,494,956 * 678 150,878 60,513 487,318 -3,029 134,117 2,500,429 1,281 120,736 5,470 36,566 10,386,893 1,465,289 693,975 6,267,809 1,033,878 920,354 * 5,589 * 16,348 1,347,388 1,259,684 85,850 1,854 2,156,551 2,135,404 21,147 * 10,217 4,712 5,314 * 904 5,007,208 * 14,859 0 0 1,415 282 54 18 8 184 62 54 54 125 106 45 105 578 31 280 195 244 70 205 334 33 253 51 49 1,236 313 321 1,019 316 278 20 9 552 520 220 49 400 369 121 13 86 61 19 1,916 202 20 7 309 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes--Continued Gross income (less loss)--Continued Selected country Service income Other income Oil and gas extraction income [3] Foreign branch income [3] Total deductions (7) All geographic areas............................................................................ Canada.................................................................................................. Latin America, total.............................................................................. Mexico................................................................................................ Central America, total......................................................................... Belize............................................................................................. Costa Rica...................................................................................... El Salvador..................................................................................... Guatemala...................................................................................... Honduras........................................................................................ Nicaragua....................................................................................... Panama (including Canal Zone)..................................................... Central America not allocable........................................................ Caribbean countries, total.................................................................. Cayman Islands (British)................................................................ Dominican Republic....................................................................... Haiti................................................................................................ Jamaica.......................................................................................... Trinidad.......................................................................................... Other Caribbean countries............................................................. South America, total........................................................................... Argentina........................................................................................ Bolivia............................................................................................. Brazil.............................................................................................. Chili................................................................................................ Columbia........................................................................................ Ecuador.......................................................................................... Paraguay........................................................................................ Peru................................................................................................ Uruguay.......................................................................................... Venezuela...................................................................................... Other South American countries.................................................... Latin America not allocable................................................................ Other Western Hemisphere, total....................................................... Bahamas............................................................................................ Bermuda............................................................................................. Netherlands Antilles........................................................................... Other British West Indies................................................................... All other Western Hemisphere........................................................... Europe, total......................................................................................... European Union, total........................................................................ Austria............................................................................................ Belgium.......................................................................................... Denmark......................................................................................... Finland........................................................................................... France (including Andorra)............................................................. Germany........................................................................................ Greece........................................................................................... Ireland............................................................................................ Italy (including San Marino)............................................................ Luxembourg................................................................................... Footnotes at end of table. (8) 123,702,269 6,040,934 9,514,163 3,160,028 554,215 3,051 61,082 85,213 251,337 38,415 43,998 58,283 * 12,835 1,987,749 257,958 111,456 3,528 54,172 1,461,918 98,716 3,375,738 -334,353 48,918 928,526 791,657 938,932 57,228 6,069 288,839 28,164 573,592 48,165 436,434 -256,360 -1,486,949 625,403 506,376 33,534 65,313 43,639,333 31,603,724 228,223 2,021,745 821,997 80,852 1,645,041 5,401,818 96,715 413,042 1,368,831 265,991 (9) 16,334,230 * 1,653,880 2,175,398 0 0 0 0 0 0 0 0 0 0 * 1,211,422 0 0 0 0 * 1,161,129 * 50,293 963,976 * 344,569 * 54,142 43,947 0 * 362,752 * -2 0 * 6,088 0 * 152,480 0 0 * 216,554 0 * 88,620 0 * 127,934 0 6,189,514 3,660,001 * 99,680 0 * 896,930 0 0 0 0 * 165,472 0 0 (10) 65,808,217 3,036,581 5,987,969 2,419,650 360,252 * 59 62,533 * 15,465 * 107,580 * 997 * 1,525 161,336 * 10,758 797,714 570,044 110,681 * 8,902 35,911 7,329 64,848 2,238,725 -543,757 * 20,559 1,474,154 377,626 294,532 46,970 * 47,311 117,159 37,196 338,125 * 28,849 * 171,626 -586,534 * -1,084,370 419,770 * 1,775 13,613 * 62,680 28,350,443 23,699,990 163,692 823,439 198,291 33,687 771,816 5,036,297 224,065 590,504 1,200,392 -64,531 (11) 169,993,066 10,084,225 16,417,583 4,669,509 840,657 1,519 131,723 91,801 304,780 37,346 38,619 230,122 * 4,747 2,667,550 1,192,028 156,258 9,709 113,627 1,036,223 159,705 7,732,935 1,454,981 56,657 3,095,990 1,051,514 609,454 97,013 52,729 378,515 163,351 718,438 54,292 506,933 944,246 -221,361 952,744 65,960 108,326 38,629 64,086,856 53,990,807 785,673 2,629,017 772,349 243,878 4,017,261 9,010,438 292,986 2,702,229 2,733,061 711,884 310 17,052,272 1,167,108 1,163,225 576,750 49,236 * 11 2,554 * 2,034 * 36,717 * 1,652 * 258 6,010 0 133,402 * 42,298 17,866 * 533 29,183 37,162 * 6,360 403,837 31,031 * -2,406 189,002 23,628 15,276 28,622 * 1,791 51,404 * 4,738 55,733 * 5,017 0 107,970 69,812 24,994 * 661 * 11,470 * 1,034 5,824,923 5,418,988 22,680 77,040 36,603 30,035 683,720 1,319,439 26,124 184,475 584,737 * 2,088 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes--Continued Gross income (less loss)--Continued Selected country Service income Other income Oil and gas extraction income [3] (9) Foreign branch income [3] Total deductions (7) Europe--continued European Union--continued Netherlands.................................................................................... Portugal.......................................................................................... Spain.............................................................................................. Sweden.......................................................................................... United Kingdom.............................................................................. European Union not allocable........................................................ Other West European countries, total................................................ Liechtenstein.................................................................................. Monaco.......................................................................................... Norway........................................................................................... Switzerland..................................................................................... Turkey............................................................................................ Other West European countries not allocable................................ East European countries, total........................................................... Romania......................................................................................... Former Soviet Union...................................................................... Other East European countries...................................................... Europe not allocable.......................................................................... Africa, total........................................................................................... North Africa, total............................................................................... Algeria............................................................................................ Egypt.............................................................................................. Libya............................................................................................... Morocco......................................................................................... Other North African countries......................................................... East Africa, total................................................................................. Ethiopia.......................................................................................... Kenya............................................................................................. Tanzania........................................................................................ Uganda........................................................................................... Other East African countries.......................................................... West and Central Africa, total............................................................ Gabon............................................................................................ Ghana............................................................................................ Liberia............................................................................................ Nigeria............................................................................................ Zaire............................................................................................... Other West and Central African countries...................................... Southern Africa, total.......................................................................... Malawi............................................................................................ South Africa (including Namibia).................................................... Zambia........................................................................................... Zimbabwe....................................................................................... Other Southern African countries................................................... Africa not allocable............................................................................. Footnotes at end of table. (8) (10) (11) 86,364 8,361 176,883 41,181 2,139,264 * -7 96,726 0 * 31 31,816 47,735 8,112 * 9,032 291,900 3,816 125,896 162,189 * 17,308 551,808 87,624 * 9,360 55,078 0 * 21,056 * 2,130 2,194 * 595 * 1,549 *4 * 20 * 26 328,008 * 499 * 21,781 * 199 6,505 * 8,757 290,267 133,981 0 133,144 0 * 492 * 345 0 1,876,109 172,494 698,616 301,115 16,207,678 * 3,456 8,315,582 * 44 * 159,757 5,282,618 2,562,048 312,444 -1,329 2,856,283 99,623 2,247,482 509,178 863,743 4,220,906 1,115,434 17,698 1,038,399 [2] 38,412 20,925 72,817 * 5,623 30,601 * 892 * 17 35,684 2,708,826 * 15,431 * 1,769 * 2,804 1,539,079 * 9,883 1,139,860 293,044 *2 289,147 * 1,846 * 2,327 * -278 * 30,785 * 137,278 0 0 0 * 2,360,641 0 * 1,578,265 0 0 * 1,578,286 0 * -21 0 * 951,249 0 * 951,249 0 0 * 2,350,560 * 672,295 0 * 664,701 0 0 * 7,594 [2] 0 0 0 0 [2] * 1,677,982 * 157,790 0 0 * 614,780 * 10,150 * 895,261 * 284 0 * 284 0 0 0 0 1,368,644 136,956 344,210 246,498 12,626,029 0 3,115,057 0 0 1,649,338 962,508 502,005 * 1,207 1,494,719 84,126 916,351 494,242 * 40,676 1,625,033 396,541 * -24,526 341,701 0 * 42,830 * 36,536 58,026 * 1,540 * 41,135 0 * 20 * 15,330 771,973 * 19,366 * 22,076 0 * 71,070 * 12,302 647,158 398,494 0 396,550 *1 * 1,597 * 345 0 3,512,891 287,594 1,297,203 856,036 24,137,296 * 1,009 5,924,019 * 271 678 2,225,083 2,748,171 473,517 476,300 2,499,015 106,075 1,463,663 929,278 1,673,015 2,900,836 774,564 22,483 667,871 4,558 44,605 35,047 106,760 3,071 43,828 * 1,393 * 333 58,135 1,283,668 13,045 19,310 9,181 553,082 14,742 674,308 701,347 * 24 669,032 1,002 5,147 26,142 * 34,497 311 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes--Continued Gross income (less loss)--Continued Selected country Service income Other income Oil and gas extraction income [3] (9) 2,674,464 * 1,541,318 * -4,861 0 0 0 * 20,225 0 * 17,659 * 1,071,475 * 172,246 * 264,573 0 * 905,508 0 0 * 697,494 0 * 100,789 * 9,470 * 10 0 * 97,744 0 0 * 227,638 * 223,803 0 * 3,835 0 0 0 0 * 1,081,678 * 916,252 * 17,967 * 147,459 0 0 0 0 0 0 0 * -7,818 0 0 0 Foreign branch income [3] Total deductions (7) Asia, total.............................................................................................. Middle East, total................................................................................ Bahrain........................................................................................... Iran................................................................................................. Iraq................................................................................................. Israel.............................................................................................. Kuwait............................................................................................ Lebanon......................................................................................... Qatar.............................................................................................. Saudi Arabia................................................................................... United Arab Emirates..................................................................... Other areas of Arabian Peninsula.................................................. Other Middle East countries........................................................... Southern and Southeast Asia, total.................................................... Bangladesh.................................................................................... India............................................................................................... Indonesia........................................................................................ Malaysia......................................................................................... Pakistan......................................................................................... Philippines...................................................................................... Singapore....................................................................................... Sri Lanka........................................................................................ Thailand......................................................................................... Vietnam.......................................................................................... Other Southern and Southeast Asian countries............................. Eastern Asia, total.............................................................................. China.............................................................................................. Hong Kong..................................................................................... Japan (including Okinawa and Ryukyu Islands)............................ South Korea, Republic of............................................................... Taiwan............................................................................................ Other Eastern Asian countries....................................................... Asia not allocable............................................................................... Oceania, total........................................................................................ Australia............................................................................................. New Zealand...................................................................................... Other countries of Oceania................................................................ Puerto Rico and U.S. Possessions, total........................................... Puerto Rico........................................................................................ U.S. Possessions, total...................................................................... American Samoa............................................................................ Guam............................................................................................. Virgin Islands, U.S.......................................................................... Other U.S. Possessions................................................................. Country not stated............................................................................... Section 863(b) income......................................................................... Foreign Sales Corporation dividends [1]........................................... Interest-Charge Domestic International Sales Corporation dividends [1]............................................................... Footnotes at end of table. (8) 31,181,372 3,630,062 32,089 * 56 * 579 41,883 61,354 54,177 581,536 1,598,548 567,277 516,160 176,402 7,425,057 60,669 390,050 2,890,918 1,720,681 193,676 328,730 1,313,751 21,369 461,900 20,267 23,048 19,873,387 1,336,437 1,984,502 12,332,684 899,049 3,164,154 156,561 * 252,866 3,475,266 3,143,956 264,521 66,789 2,068,943 1,883,149 185,794 * 1,264 58,379 118,181 * 7,970 8,097,362 23,164,292 0 0 (10) 22,650,108 1,369,178 * 199,752 [2] 0 125,486 22,901 15,521 * 6,245 139,243 407,488 343,821 108,721 4,772,133 * 62,529 836,689 533,701 471,671 129,283 513,280 1,727,097 * 18,309 422,184 * 30,985 26,405 16,393,665 584,791 1,539,164 11,710,896 1,078,638 1,463,670 * 16,505 * 115,132 * 1,315,399 1,107,663 185,081 * 22,655 1,919,538 1,703,952 215,586 * 6,531 138,015 50,138 * 20,901 1,509,678 0 0 0 (11) 39,475,879 3,187,690 174,891 12,933 * 2,202 332,092 54,231 55,979 208,001 1,212,133 658,616 257,469 219,142 8,896,492 63,552 907,591 2,253,897 1,023,098 171,751 588,601 3,134,528 25,271 657,515 37,602 33,086 27,099,327 1,824,692 3,364,810 15,358,459 1,873,131 4,492,688 185,547 * 292,371 4,310,962 3,759,961 497,991 53,010 3,526,984 3,206,062 320,923 15,577 165,366 120,974 19,004 18,840,540 16,624,083 195,170 0 1,702,769 261,878 * 44,855 0 * 582 82,857 * 5,699 * 168 * 3,141 73,385 33,307 * 526 * 17,359 383,747 * 108 39,200 18,177 79,562 * 6,151 14,176 127,533 * 2,122 82,361 * 5,464 * 8,893 1,044,422 142,774 237,635 296,896 131,064 221,257 * 14,795 * 12,722 286,583 279,023 6,226 * 1,334 634,642 601,903 32,739 * 461 11,903 19,240 * 1,135 5,598,629 * 14,615 0 0 312 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes--Continued Foreign taxes paid, accrued, and deemed paid Selected country Deductions from Taxable income oil and gas (less loss) before extraction income adjustments [4] Foreign taxes paid or accrued Total Taxes withheld at source on-Total Dividends (16) 1,522,361 300,154 201,403 6,733 4,237 0 2,114 * 119 * 225 * 428 0 * 634 * 717 21,464 * 535 * 15,015 * 126 * 557 * 4,368 * 864 168,969 * 269 * 72 26,856 128,252 13,352 * 28 [2] *6 * 97 * 33 *1 0 95 0 *8 *9 * 78 0 449,454 272,339 6,237 9,909 382 1,231 28,057 39,288 * 816 4,277 25,984 * 20,632 Interest (17) 566,742 63,679 168,053 23,074 541 * 83 * 62 * 72 * 52 *1 * -2 * 273 0 3,239 0 * 2,238 0 * 770 * 231 0 141,199 31,548 * 160 102,236 2,207 * 143 * 394 * 55 2,230 *2 2,226 0 0 * 35 *6 0 0 * 29 0 247,812 244,065 * 498 1,117 *6 * 49 * 236 * 22,548 * 30 * 2,649 6,464 0 (12) All geographic areas...................................................... Canada............................................................................ Latin America, total........................................................ Mexico.......................................................................... Central America, total.................................................. Belize....................................................................... Costa Rica............................................................... El Salvador............................................................... Guatemala............................................................... Honduras................................................................. Nicaragua................................................................. Panama (including Canal Zone).............................. Central America not allocable.................................. Caribbean countries, total............................................ Cayman Islands (British).......................................... Dominican Republic................................................. Haiti.......................................................................... Jamaica.................................................................... Trinidad.................................................................... Other Caribbean countries....................................... South America, total..................................................... Argentina.................................................................. Bolivia...................................................................... Brazil........................................................................ Chili.......................................................................... Columbia.................................................................. Ecuador.................................................................... Paraguay.................................................................. Peru......................................................................... Uruguay................................................................... Venezuela................................................................ Other South American countries.............................. Latin America not allocable.......................................... Other Western Hemisphere, total................................. Bahamas...................................................................... Bermuda...................................................................... Netherlands Antilles..................................................... Other British West Indies............................................. All other Western Hemisphere..................................... Europe, total................................................................... European Union, total.................................................. Austria...................................................................... Belgium.................................................................... Denmark.................................................................. Finland..................................................................... France (including Andorra)...................................... Germany.................................................................. Greece..................................................................... Ireland...................................................................... Italy (including San Marino)..................................... Luxembourg............................................................. Footnotes at end of table. (13) 160,855,609 15,052,178 14,702,312 4,853,852 382,203 2,230 54,549 60,241 105,756 26,820 11,339 106,742 * 14,524 4,303,210 3,160,321 336,581 2,669 31,045 579,309 193,285 5,107,482 -539,222 82,447 3,501,680 732,046 676,513 65,564 13,300 152,286 40,119 360,750 21,999 55,565 3,985,811 -217,428 3,230,147 655,700 268,244 49,133 71,893,919 57,855,629 1,532,553 2,602,301 1,312,495 286,122 2,687,680 4,085,695 150,561 6,245,251 2,137,840 3,605,276 (14) 41,483,106 4,747,040 4,848,777 1,385,227 118,362 * 122 22,277 9,424 31,572 8,529 1,361 40,497 * 4,580 975,096 665,810 87,257 * 885 7,503 206,841 6,799 2,369,547 192,829 8,381 1,370,528 281,061 258,264 25,651 4,592 40,752 20,451 148,511 * 18,527 * 544 290,407 85,351 123,460 36,373 41,809 * 3,414 17,075,875 12,921,006 344,935 456,479 407,597 32,367 703,564 1,170,197 72,676 455,930 812,334 703,168 (15) 17,290,924 1,098,202 2,113,078 567,011 60,637 * 120 11,211 4,904 15,799 6,898 1,207 17,403 * 3,093 237,976 * 3,270 34,808 * 885 6,681 188,770 3,561 1,247,454 118,173 4,395 560,292 200,930 191,421 21,380 1,615 34,727 8,296 92,304 * 13,922 0 4,699 * 112 * 22 * 12 1,138 * 3,414 5,873,715 2,907,318 23,406 54,601 167,994 10,256 271,959 460,695 31,694 33,942 217,958 34,005 7,067,522 * 363,153 1,382,074 0 0 0 0 0 0 0 0 0 0 * 860,476 0 0 0 0 * 785,334 * 75,142 521,598 * 240,916 * 19,264 * 21,332 0 * 116,547 * 631 0 * -20 0 * 122,928 0 0 * 16,000 0 0 0 * 16,000 0 2,145,402 1,385,484 * 2,928 0 * 145,062 0 0 0 * 125 0 * 1,313 0 313 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes--Continued Foreign taxes paid, accrued, and deemed paid Selected country Deductions from Taxable income oil and gas (less loss) before extraction income adjustments [4] Foreign taxes paid or accrued Total Taxes withheld at source on-Total Dividends (16) Interest (17) (12) Europe--continued European Union--continued Netherlands.............................................................. Portugal.................................................................... Spain........................................................................ Sweden.................................................................... United Kingdom....................................................... European Union not allocable.................................. Other West European countries, total.......................... Liechtenstein............................................................ Monaco.................................................................... Norway..................................................................... Switzerland.............................................................. Turkey...................................................................... Other West European countries not allocable......... East European countries, total..................................... Romania................................................................... Former Soviet Union................................................ Other East European countries................................ Europe not allocable.................................................... Africa, total..................................................................... North Africa, total......................................................... Algeria...................................................................... Egypt........................................................................ Libya........................................................................ Morocco................................................................... Other North African countries.................................. East Africa, total........................................................... Ethiopia.................................................................... Kenya....................................................................... Tanzania.................................................................. Uganda.................................................................... Other East African countries.................................... West and Central Africa, total...................................... Gabon...................................................................... Ghana...................................................................... Liberia...................................................................... Nigeria...................................................................... Zaire......................................................................... Other West and Central African countries............... Southern Africa, total................................................... Malawi...................................................................... South Africa (including Namibia).............................. Zambia..................................................................... Zimbabwe................................................................ Other Southern African countries............................. Africa not allocable....................................................... Footnotes at end of table. (13) (14) (15) * 70,293 0 0 *4 * 1,165,759 0 * 481,307 0 0 * 480,418 0 * 880 *9 * 278,611 0 * 278,611 0 0 * 586,736 * 238,253 * 182 * 237,111 0 *4 * 956 *2 0 0 0 0 *2 * 347,995 0 0 0 * 170,831 * 6,409 * 170,755 * 486 0 * 486 0 0 0 0 7,063,899 363,996 2,807,149 1,270,567 21,700,681 * 3,565 10,858,424 * 8,939 160,615 3,773,728 6,124,671 316,264 474,208 2,735,555 50,253 1,503,805 1,181,497 444,310 4,604,459 762,208 30,104 670,502 8,799 39,545 13,257 318,127 4,083 30,440 * 2,014 * 201 281,388 3,200,515 168,601 9,169 7,537 1,641,653 15,135 1,358,419 323,364 * 1,919 264,616 473 26,439 29,917 * 244 1,492,294 96,618 1,201,965 377,086 4,593,529 * 268 3,538,841 * 84 * 15 2,519,137 926,350 93,194 * 61 603,380 25,302 312,403 265,675 * 12,648 1,720,345 212,625 * 16,196 181,398 * 2,703 9,643 * 2,685 28,373 * 1,310 11,901 * 910 0 14,252 1,394,437 * 60,361 * 1,554 0 917,549 * 8,028 406,944 84,892 * 1,145 68,168 * 21 14,838 * 720 * 17 169,570 39,941 130,205 13,630 1,247,194 * 268 2,580,518 [2] * 15 2,330,775 183,855 65,854 * 19 382,472 20,552 277,383 84,537 * 3,407 1,194,698 198,726 * 16,084 172,041 0 8,029 * 2,572 12,197 * 1,310 6,910 * 301 0 3,676 950,690 * 4,329 * 221 0 726,047 * 1,137 218,956 33,085 * 67 28,587 * 21 * 4,204 * 206 0 30,213 2,958 20,173 958 81,221 0 150,572 [2] 0 5,673 138,927 5,972 *1 26,543 * 4,361 4,503 17,679 *1 10,908 * 65 0 0 0 * 65 0 * 2,052 0 * 961 * 285 0 * 806 * 6,545 * 290 * 219 0 * 4,249 * 108 * 1,679 2,246 * 67 * 510 *5 * 1,506 * 158 0 967 * 771 1,099 * 89 207,544 0 * 274 0 0 * 173 * 87 * 13 0 3,474 * 259 * 2,766 449 0 867 * 802 0 * 399 0 * 403 0 0 0 0 0 0 0 *4 *4 0 0 0 0 0 * 61 0 * 42 0 * 20 0 0 314 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes--Continued Foreign taxes paid, accrued, and deemed paid Selected country Deductions from Taxable income oil and gas (less loss) before extraction income adjustments [4] Foreign taxes paid or accrued Total Taxes withheld at source on-Total Dividends (16) 397,069 12,914 0 0 0 11,122 0 * 80 0 * 771 0 0 * 940 41,458 * 107 8,646 4,630 * 243 * 954 17,799 1,163 * 108 7,807 0 0 342,698 * 1,479 * 125,553 130,539 38,258 46,869 0 0 17,605 3,489 14,116 0 16,061 16,061 0 0 0 0 0 129,610 0 0 *2 Interest (17) 44,103 2,359 0 0 0 2,166 0 *8 0 * 158 0 * 13 * 14 31,219 0 1,162 5,495 433 * 85 15,630 2,897 0 5,509 *5 *4 10,525 1,836 * 129 6,353 1,132 1,075 0 0 22,464 18,818 3,432 * 214 3,658 3,532 * 126 0 *2 * 27 * 97 16,037 * 34 0 0 (12) Asia, total........................................................................ Middle East, total......................................................... Bahrain..................................................................... Iran........................................................................... Iraq........................................................................... Israel........................................................................ Kuwait...................................................................... Lebanon................................................................... Qatar........................................................................ Saudi Arabia............................................................ United Arab Emirates............................................... Other areas of Arabian Peninsula............................ Other Middle East countries..................................... Southern and Southeast Asia, total............................. Bangladesh.............................................................. India......................................................................... Indonesia................................................................. Malaysia................................................................... Pakistan................................................................... Philippines................................................................ Singapore................................................................. Sri Lanka.................................................................. Thailand................................................................... Vietnam.................................................................... Other Southern and Southeast Asian countries....... Eastern Asia, total........................................................ China........................................................................ Hong Kong............................................................... Japan (including Okinawa and Ryukyu Islands)...... South Korea, Republic of......................................... Taiwan..................................................................... Other Eastern Asian countries................................. Asia not allocable........................................................ Oceania, total................................................................. Australia....................................................................... New Zealand................................................................ Other countries of Oceania.......................................... Puerto Rico and U.S. Possessions, total..................... Puerto Rico.................................................................. U.S. Possessions, total................................................ American Samoa..................................................... Guam....................................................................... Virgin Islands, U.S................................................... Other U.S. Possessions........................................... Country not stated......................................................... Section 863(b) income................................................... Foreign Sales Corporation dividends [1]..................... Interest-Charge Domestic International Sales Corporation dividends [1]......................................... Footnotes at end of table. (13) 29,316,732 2,142,627 210,316 6,422 * 2,887 235,882 22,087 14,900 391,368 578,088 193,633 319,488 167,557 9,901,318 26,187 346,844 1,406,620 2,782,408 143,150 430,527 4,174,526 19,003 511,083 12,341 48,629 17,219,135 2,311,779 1,732,284 10,449,214 1,523,978 1,171,323 30,558 * 53,652 4,366,390 3,919,664 278,650 168,076 2,632,096 2,535,194 96,902 3,260 50,374 30,750 12,518 7,671,509 6,573,532 * 85,405 * 907 (14) 9,318,942 535,937 * 637 * 37 * 44 83,188 10,763 2,072 * 65,028 190,927 47,471 121,431 14,340 2,334,594 * 13,959 171,412 708,897 539,166 52,010 161,774 420,386 * 2,671 257,832 2,414 4,072 6,448,147 267,369 486,169 4,841,101 504,688 347,848 * 972 * 264 1,288,498 1,141,705 128,336 18,457 382,692 359,820 22,872 * 706 16,364 2,087 * 3,715 1,804,393 6,135 0 *2 (15) 4,926,078 471,120 * 442 0 0 44,814 10,447 2,037 * 65,028 183,489 * 38,820 117,189 8,855 1,799,838 * 12,711 141,185 613,393 397,444 44,212 102,203 269,915 * 1,970 210,525 2,222 4,058 2,655,120 157,765 302,251 1,665,951 293,654 234,527 * 972 0 570,759 494,903 57,525 18,331 322,271 304,108 18,163 * 609 12,378 1,865 * 3,311 1,181,289 6,135 0 *2 1,853,112 * 1,222,168 * 1,787 0 0 0 * 20,450 0 * 4,374 * 952,044 * 163,181 * 80,331 0 * 525,834 * -309 0 * 471,210 0 * 26,902 * 8,443 *1 0 * 19,333 * 152 * 102 * 105,110 * 104,949 0 * 161 0 0 0 0 * 379,123 * 340,401 * 7,096 * 31,626 0 0 0 0 0 0 0 * 341,923 0 0 0 315 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes--Continued Foreign taxes paid, accrued, and deemed paid--Continued Selected country Taxes withheld at source on-Continued Rents, royalties, and license fees (18) Foreign taxes paid or accrued--Continued Other taxes paid or accrued on-Branch income (19) 4,513,191 248,449 556,321 265,434 18,742 * 42 * 2,561 * 599 * 416 * 256 * 112 * 12,380 * 2,377 22,155 *5 12,576 * 634 * 4,238 * 2,659 * 2,044 249,990 31,392 * 1,527 132,985 11,974 20,205 5,068 * 1,130 15,665 * 4,745 12,219 * 13,081 0 * 3,899 0 * 14 0 * 550 * 3,335 1,281,616 993,520 13,553 34,242 64,510 * 275 45,176 305,357 * 29,046 20,739 65,535 * 5,801 Specifically allocable income [section 863(b)] (20) 12,058 * 26 * 2,253 * 230 * 261 0 * 261 0 0 0 0 0 0 0 0 0 0 0 0 0 * 1,762 * 21 0 0 * 306 * 217 * 33 0 0 * 1,185 0 0 0 * 26 0 0 0 * 26 0 * 725 * 725 0 0 0 0 0 0 0 0 0 0 Service income (21) 494,755 43,470 61,022 14,291 4,414 0 * 412 * 210 * 3,517 * 134 * 13 * 129 0 4,076 0 * 196 *5 * 33 * 3,585 * 258 38,240 5,692 0 21,194 1,071 2,253 4,220 *5 1,780 * 93 1,932 0 0 * 240 0 0 0 * 240 0 118,575 104,784 0 *9 * 778 * 136 51,406 * 891 * 13 * 1,111 * 11,661 0 Other income (22) 7,848,878 328,539 732,065 113,206 14,945 0 * 2,552 * 2,471 4,287 * 4,556 * 697 * 381 0 174,359 * 29 * 1,815 * 119 * 281 * 171,750 * 366 429,554 18,092 * 1,713 168,794 34,958 132,000 * 3,491 * 164 4,562 * 275 65,024 * 480 0 * 13 0 [2] *4 *5 *5 3,516,948 1,081,086 * 1,051 8,810 * 102,228 * 260 100,730 89,015 * 1,139 * 917 32,883 * 6,855 Taxes deemed paid (23) 24,192,182 3,648,838 2,735,699 818,216 57,725 *1 11,066 4,520 15,773 * 1,630 * 154 23,094 * 1,487 737,121 662,540 * 52,449 0 * 823 * 18,071 * 3,238 1,122,093 74,656 * 3,987 810,236 80,131 66,843 4,271 * 2,977 6,025 12,155 56,207 * 4,605 * 544 285,709 * 85,239 123,438 36,360 40,671 0 11,202,160 10,013,687 321,529 401,878 239,603 22,112 431,605 709,502 40,981 421,988 594,376 669,163 All geographic areas.................................................... Canada........................................................................... Latin America, total...................................................... Mexico........................................................................ Central America, total................................................. Belize...................................................................... Costa Rica.............................................................. El Salvador............................................................. Guatemala.............................................................. Honduras................................................................ Nicaragua............................................................... Panama (including Canal Zone)............................. Central America not allocable................................. Caribbean countries, total........................................... Cayman Islands (British)........................................ Dominican Republic................................................ Haiti........................................................................ Jamaica.................................................................. Trinidad................................................................... Other Caribbean countries..................................... South America, total................................................... Argentina................................................................ Bolivia..................................................................... Brazil....................................................................... Chili......................................................................... Columbia................................................................ Ecuador.................................................................. Paraguay................................................................ Peru........................................................................ Uruguay.................................................................. Venezuela............................................................... Other South American countries............................ Latin America not allocable........................................ Other Western Hemisphere, total................................ Bahamas.................................................................... Bermuda..................................................................... Netherlands Antilles.................................................... Other British West Indies............................................ All other Western Hemisphere.................................... Europe, total.................................................................. European Union, total................................................. Austria.................................................................... Belgium................................................................... Denmark................................................................. Finland.................................................................... France (including Andorra)..................................... Germany................................................................. Greece.................................................................... Ireland..................................................................... Italy (including San Marino).................................... Luxembourg............................................................ 2,332,939 113,886 391,960 144,041 17,497 * -5 3,250 1,432 7,302 1,523 387 3,606 0 12,681 * 2,702 2,969 *2 803 6,177 * 29 217,740 31,159 922 108,227 22,162 23,252 8,145 261 10,484 1,899 10,870 * 360 0 * 391 * 106 0 0 * 211 * 75 258,584 210,799 * 2,067 * 513 * 90 8,305 46,355 3,596 651 * 4,250 75,431 * 716 316 Footnotes at end of table. Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes--Continued Foreign taxes paid, accrued, and deemed paid--Continued Selected country Taxes withheld at source on-Continued Rents, royalties, and license fees (18) Foreign taxes paid or accrued--Continued Other taxes paid or accrued on-Branch income (19) Specifically allocable income [section 863(b)] (20) Service income (21) Other income (22) Taxes deemed paid (23) Europe--continued European Union--continued Netherlands............................................................ Portugal.................................................................. Spain...................................................................... Sweden................................................................... United Kingdom...................................................... European Union not allocable................................ Other West European countries, total........................ Liechtenstein.......................................................... Monaco................................................................... Norway................................................................... Switzerland............................................................. Turkey..................................................................... Other West European countries not allocable........ East European countries, total................................... Romania................................................................. Former Soviet Union............................................... Other East European countries.............................. Europe not allocable................................................... Africa, total.................................................................... North Africa, total........................................................ Algeria.................................................................... Egypt...................................................................... Libya....................................................................... Morocco.................................................................. Other North African countries................................. East Africa, total......................................................... Ethiopia................................................................... Kenya..................................................................... Tanzania................................................................. Uganda................................................................... Other East African countries................................... West and Central Africa, total..................................... Gabon..................................................................... Ghana..................................................................... Liberia..................................................................... Nigeria.................................................................... Zaire....................................................................... Other West and Central African countries.............. Southern Africa, total.................................................. Malawi.................................................................... South Africa (including Namibia)............................ Zambia.................................................................... Zimbabwe............................................................... Other Southern African countries........................... Africa not allocable..................................................... Footnotes at end of table. 1,494 13,635 39,976 * 2,416 11,303 0 11,878 0 0 *2 5,899 5,974 *2 32,628 2,362 3,299 26,967 * 3,280 10,318 3,882 0 3,438 0 * 444 0 1,200 0 * 348 * 15 0 * 837 1,899 0 *2 0 * 699 * 1,029 * 170 3,336 0 3,229 *2 * 57 * 48 0 73,343 6,965 15,871 7,318 305,790 0 107,152 0 0 * 38,560 15,809 52,767 * 16 180,861 * 6,633 149,765 24,464 * 82 188,802 * 45,312 * 16,084 * 23,895 0 * 5,308 * 25 * 5,712 * 370 * 5,313 0 0 * 29 113,172 * 3,763 0 0 * 11,540 0 * 97,868 24,606 0 21,973 * 13 * 2,620 0 0 0 0 0 0 * 725 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 * 1,729 * 104 2,076 * 338 34,534 0 * 1,356 0 0 * 193 * 905 * 259 0 12,434 * 301 * 2,466 9,667 0 6,486 * 755 0 * 539 0 * 217 0 * 285 0 * 284 *1 0 0 5,383 * 272 0 0 * 1,929 0 * 3,182 * 63 0 63 0 0 0 0 61,824 15,509 51,010 * 2,510 606,077 * 268 2,309,286 0 * 15 * 2,286,174 22,228 * 869 0 126,531 * 6,637 114,583 5,311 * 45 977,317 * 147,910 0 * 143,771 0 * 1,592 * 2,547 * 2,948 * 940 *4 0 0 * 2,004 * 823,687 0 0 0 * 707,629 0 * 116,057 2,772 0 2,772 0 *1 0 0 1,322,724 56,677 1,071,760 363,456 3,346,335 0 958,323 * 84 0 188,361 742,495 27,341 * 42 220,909 4,750 35,020 181,139 * 9,241 525,647 13,899 * 113 9,357 * 2,703 * 1,614 * 113 16,176 0 * 4,991 * 609 0 10,575 443,747 * 56,033 * 1,333 0 * 191,503 * 6,891 * 187,988 51,807 * 1,078 39,580 0 * 10,635 * 514 * 17 317 Corporate Foreign Tax Credit, 2002 [All figures are estimates based on a sample--money amounts are in thousands of dollars] Table 2.--U.S. Corporation Returns with a Foreign Tax Credit, 2002: Foreign Income, Deductions, and Taxes Reported on Form 1118, by Selected Country to Which Foreign Taxes Were Paid--Continued Foreign income and taxes--Continued Foreign taxes paid, accrued, and deemed paid--Continued Selected country Taxes withheld at source on-Continued Rents, royalties, and license fees (18) Foreign taxes paid or accrued--Continued Other taxes paid or accrued on-Branch income (19) 1,819,188 204,176 0 0 0 * 8,294 * 7,085 * 1,745 * 1,463 * 103,520 * 12,088 * 64,528 * 5,453 481,870 * 12,262 110,339 60,164 11,593 * 23,083 35,973 174,788 * 1,791 46,807 * 1,608 * 3,461 1,133,142 21,526 151,458 792,771 86,950 79,470 * 967 0 95,056 79,325 12,000 * 3,731 94,509 80,398 14,111 * 607 9,887 * 444 * 3,173 225,349 0 0 0 Specifically allocable income [section 863(b)] (20) * 730 0 0 0 0 0 0 0 0 0 0 0 0 * 297 0 * 184 [2] * 25 0 * 88 0 0 0 0 0 * 434 0 0 0 * 365 * 68 0 0 * 1,940 * 1,940 0 0 * 256 * 256 0 0 0 0 0 0 6,101 0 0 Service income (21) 22,769 * 2,856 0 0 0 * 349 * 1,325 * 22 * 265 * 734 0 * 84 * 78 14,298 0 1,531 2,105 3,718 * 84 739 968 *9 5,045 * 34 * 66 5,615 1,530 * 719 1,063 * 979 1,324 0 0 13,359 12,815 * 504 * 41 18,938 18,377 * 562 0 * 91 * 471 0 209,895 0 0 0 Other income (22) 1,570,321 228,697 * 440 0 0 5,154 * 1,977 *4 * 63,300 * 76,582 * 26,732 * 52,540 * 1,968 1,079,388 * 342 10,079 536,785 350,606 * 19,799 18,879 20,212 * 58 122,050 * 487 * 91 262,236 33,845 17,881 142,736 46,157 21,617 0 0 328,583 298,004 16,331 * 14,248 28,078 25,347 2,731 0 * 2,384 * 347 0 367,015 0 0 0 Taxes deemed paid (23) 4,392,864 64,818 * 194 * 37 * 44 38,374 * 316 * 35 0 7,438 * 8,651 * 4,242 5,485 534,755 * 1,248 30,228 95,504 141,722 7,798 59,571 150,472 * 700 47,307 * 192 * 14 3,793,027 109,604 183,918 3,175,150 211,033 113,321 0 * 264 717,739 646,802 70,811 * 126 60,421 55,712 * 4,709 * 98 * 3,986 * 221 * 404 623,104 0 0 0 Asia, total....................................................................... Middle East, total........................................................ Bahrain................................................................... Iran......................................................................... Iraq......................................................................... Israel....................................................................... Kuwait..................................................................... Lebanon.................................................................. Qatar....................................................................... Saudi Arabia........................................................... United Arab Emirates............................................. Other areas of Arabian Peninsula.......................... Other Middle East countries................................... Southern and Southeast Asia, total............................ Bangladesh............................................................. India........................................................................ Indonesia................................................................ Malaysia................................................................. Pakistan.................................................................. Philippines.............................................................. Singapore............................................................... Sri Lanka................................................................ Thailand.................................................................. Vietnam.................................................................. Other Southern and Southeast Asian countries..... Eastern Asia, total...................................................... China...................................................................... Hong Kong.............................................................. Japan (including Okinawa and Ryukyu Islands)..... South Korea, Republic of........................................ Taiwan.................................................................... Other Eastern Asian countries................................ Asia not allocable....................................................... Oceania, total................................................................ Australia...................................................................... New Zealand.............................................................. Other countries of Oceania......................................... Puerto Rico and U.S. Possessions, total.................... Puerto Rico................................................................. U.S. Possessions, total............................................... American Samoa.................................................... Guam...................................................................... Virgin Islands, U.S.................................................. Other U.S. Possessions......................................... Country not stated........................................................ Section 863(b) income.................................................. Foreign Sales Corporation dividends [1]................... Interest-Charge Domestic International Sales Corporation dividends [1]........................................ 1,071,897 20,118 *2 0 0 17,728 * 60 177 [2] 1,724 [2] * 24 * 402 151,308 0 9,244 4,214 30,825 * 207 13,093 69,887 *5 23,307 88 * 435 900,471 97,549 6,511 592,489 119,813 84,104 *5 0 91,752 80,512 11,142 * 97 160,770 160,137 * 633 *1 * 15 * 577 * 40 233,382 0 0 0 318 * Data should be used with caution because of the small number of sample returns on which they are based. [1] Dividends from a Foreign Sales Corporation or an Interest-Charge Domestic International Sales Corporation were not reported for specific foreign countries. [2] Less than $500. [3] Included in gross income (less loss), columns 2-8. [4] Included in total deductions, column 11. NOTE: Detail may not add to totals because of rounding.