1118 2001

Corporate Foreign Tax Credit, 2001 by Scott Luttrell I n 2001, U.S. corporations claimed $41.4 billion in foreign tax credits. This represents a decrease of 14.5 percent or nearly $7.0 billion from the all-time-high amount established in 2000. Under the foreign tax credit provisions, corporations claiming a foreign tax credit reduced their U.S. tax liability by 31.9 percent, from $129.3 to $87.9 billion. Other credits, such as the general business credit and U.S. possessions tax credit, further reduced their U.S. income tax to $80.1 billion. Domestic corporations claiming a foreign tax credit reported “worldwide taxable income” (i.e., both U.S. and foreign-source income) of $368.1 billion. Nearly 44.8 percent or $164.8 billion of this income was derived from foreign sources. Meanwhile, foreign taxes accounted for 34.4 percent or $44.5 billion of their total worldwide income taxes, a decrease of 2.2 percent from 2000. Among corporations claiming a foreign tax credit, manufacturers continued to account for a majority of the total foreign-source taxable income, current-year foreign taxes, and foreign tax credit. The $98.3 billion of foreign-source taxable income earned by manufacturers is more than four times the amount reported by the second-largest industry, services. While its percentage of the total foreign tax credit fell slightly in 2001, the foreign tax credit claimed by manufacturers was more than five times as large as for any other industry. Services continued as the second-leading industrial category, accounting for over $5.2 billion in foreign tax credits. Europe was the most significant region in terms of foreign-source taxable income and current-year foreign taxes in 2001. As the source of $77.9 billion in income and $21.6 billion in taxes, European countries accounted for 47.3 percent and 48.6 percent of the total for these measures, respectively. The United Kingdom (UK) was the most significant country in both categories, with $29.8 billion in foreign-source taxable income and $7.0 billion in current-year foreign taxes. Next to the UK, the most foreign-source income came from Canada with $11.8 billion, while Japan was the second-largest recipient of foreign taxes paid with $4.5 billion. The largest benefits of the foreign tax credit have become increasingly concentrated among a relatively small number of U.S. corporations. Ten of the 5,478 corporations claiming foreign tax credits in 2001 accounted for 41.3 percent of all foreign tax credits, while reporting 24.0 percent of worldwide taxable income and worldwide income taxes. The largest 100 foreign tax credits reported made up 83.6 percent of the foreign tax credit and 56.7 percent of worldwide taxable income. Background The United States taxes its corporations on the basis of worldwide income, regardless of the source. Because U.S. corporations are frequently taxed by foreign jurisdictions on their incomes earned abroad, foreign-source income may be subject to double taxation. Since 1918, the U.S. has allowed a credit against U.S. tax for a portion or all of the foreign income taxes. Alternately, corporations may deduct foreign taxes from their foreign-source incomes; however, the majority of taxpayers opt for the foreign tax credit because it offsets U.S. taxes dollar-for-dollar. The rules governing the foreign tax credit have undergone several modifications over the years. In their original form, the foreign tax credit provisions allowed taxpayers to credit all foreign taxes paid against their U.S. tax liability. This system allowed corporations to credit foreign taxes against U.S. taxes on domestic-source income in cases where foreign tax rates exceeded U.S. tax rates. With the Revenue Act of 1921, Congress added an “overall limitation” to the foreign tax credit provisions that restricted corporations to claiming a credit in proportion to the U.S. tax rate on foreign-source income. In one form or another, the limitation concept has been a part of the foreign tax credit provisions ever since. At times, a “per country” limitation has been included with the foreign tax credit regulations. By requiring taxpayers to compute a separate limitation for each country, Congress ensured that taxes paid in higher-tax foreign jurisdictions could not offset U.S. taxes imposed on income earned in lower-tax foreign countries. Increasingly, corporations circumvented the per country limitation by moving low-taxed, investment income to the high-tax countries, which prompted Congress to enact the next major revision to the foreign tax credit provisions. 183 Scott Luttrell is an economist with the Special Studies Returns Analysis Section. This article was prepared under the direction of Chris Carson, Chief. Corporate Foreign Tax Credit, 2001 The Revenue Act of 1962 introduced a separate limitation requirement for portfolio interest income. This limitation requirement was intended to remove the incentive for corporations to move low-taxed, investment interest overseas. Segregating the lowtaxed, portfolio income from higher-taxed business income made it more challenging for U.S. corporations to arrange foreign investment at the expense of U.S. tax revenue. To this end, Congress continued to add separate limitation categories to the foreign tax credit provisions, with the most significant revisions included under the Tax Reform Act of 1986. In 2001, U.S. corporations computed a separate foreign tax credit limitation for each of the following statutory categories of foreign-source income or “baskets” (each of these is described separately in the Explanation of Selected Terms) section: Passive income High withholding tax interest Financial services income Shipping income Dividends from each “noncontrolled” foreign corporation per Internal Revenue Code section 902 Dividends from an Interest-Charge Domestic International Sales Corporation (ICDISC) or former DISC Certain distributions from a Foreign Sales Corporation (FSC) or former FSC [1] Taxable income attributable to “foreign trade income” Income from U.S.-sanctioned countries per Internal Revenue Code 901(j) [2] Income resourced by a bilateral income tax treaty All other income from outside the United States (commonly referred to as the general limitation basket or overall basket) The total foreign tax credit claimed is the sum of credits allowed in each separate limitation category. In certain instances, the total foreign tax credit claimed was reduced for participation in or for coop184 eration with international boycotts unsanctioned by the U.S. Government [3]. For Tax Year 2001, corporations were permitted to carry over and carry back excess foreign taxes to other years. Corporations with excess foreign taxes that could not be credited because of the currentyear limitation can be carried back 2 years (necessitating an amended return) or carried forward 5 years, subject to the current-year foreign tax credit limitation. Consequently, the total foreign taxes for each separate limitation category in a given year may include current-year foreign taxes plus taxes carried forward from previous years [4]. ForeignTaxCredit,TaxYear2001 The foreign tax credit of $41.4 billion for 2001 represents a decrease of 14.5 percent from the record high of $48.4 billion claimed in 2000. Not surprisingly, this decrease followed substantial declines in most of the primary components of the foreign tax credit. Weakness in the economy, both domestically and abroad in 2001, is reflected in the 20.7-percent drop in worldwide taxable income experienced by corporations claiming a foreign tax credit. As seen in Figure A, the worldwide taxable income ($368.1 billion) and worldwide income tax ($129.3 billion) reached their lowest levels since 1995. Meanwhile, the most significant factor leading to the decrease in foreign tax credits was the 15.3percent slide in current-year foreign taxes. The reduction in foreign taxes significantly outpaced the 5.6-percent decrease in foreign-source taxable income and coincided with reductions of corporate tax rates among many European countries [5]. Although the foreign tax credit claimed by corporations fell by nearly $7.0 billion in 2001, the foreign tax credit claimed as a percentage of the total tax liability was the highest it has been over the 10-year period from 1992 to 2001. 184 IndustryComposition Figure B provides a summary of foreign income and taxes by the U.S. corporations’ industrial category, including the number of returns, foreign-source taxable income, current-year foreign taxes, and foreign tax credit claimed. Although their share of many financial measures has declined in recent years, corporations classified in manufacturing Corporate Foreign Tax Credit, 2001 Figure A U.S. Corporation Income Tax Returns with a Foreign Tax Credit: Income Subject to U.S. Tax, ForeignSource Taxable Income, Current-Year Foreign Taxes, and Foreign Tax Credit, Tax Years 1992-2001 [Money amounts are in millions of dollars] U.S. income tax before credits Number of U.S. corporation returns Income subject to U.S. tax 1 Foreign-source taxable income (less loss) ² As a percentage of income subject to U.S. tax (6) 44.8 37.8 42.9 39.0 38.5 40.8 39.7 39.7 41.4 44.8 Current-year foreign taxes As a percentage of foreign-source taxable income (less loss) (7) 44,505 52,514 41,309 40,684 45,080 41,177 30,930 26,470 23,716 22,574 (8) 27.0 30.1 24.9 27.7 28.5 27.3 25.7 26.1 25.0 26.0 3 Foreign tax credit claimed Tax year Amount As a percentage of income subject to U.S. tax (4) 35.1 35.3 35.2 35.2 35.3 35.3 35.6 35.5 35.8 35.0 Amount Amount Amount As a percentage of U.S. income tax before credits (10) 32.0 29.7 28.2 28.1 29.2 30.8 28.2 28.0 28.0 31.7 (1) 2001................... 2000……............ 1999……............ 1998……………… 1997……............ 1996……............ 1995................... 1994................... 1993................... 1992................... 5,478 5,917 5,789 5,927 6,569 6,100 6,710 7,199 6,322 5,147 (2) 368,071 462,323 385,832 377,130 410,126 370,049 303,308 255,439 228,688 194,204 (3) 129,340 163,009 135,855 132,741 144,779 130,748 107,996 90,786 81,913 67,942 (5) 164,753 174,567 165,713 147,117 157,989 150,826 120,518 101,521 94,687 86,924 (9) 41,358 48,355 38,271 37,338 42,223 40,255 30,416 25,419 22,895 21,533 ¹ "Worldwide taxable income" is also used to describe "Income subject to U.S. tax." ² Foreign-source taxable income (less loss) shown is before adjustments, such as for allocations of current-year U.S.-source losses and recapture of foreign losses. ³ The percentages shown in this column are not effective tax rates. An effective tax rate would contain a measure of economic income in the denominator and taxes on that income in the numerator. NOTE: Detail may not add to totals because of rounding. maintained their dominance in categories related to the foreign tax credit in 2001. U.S. manufacturing corporations continued to account for the majority of foreign tax credits claimed, foreign-source taxable income, and current-year foreign taxes. The $27.5 billion in foreign tax credits claimed by manufacturers was $22.3 billion more than the second-leading industrial category, services. While manufacturing accounted for 72.9 percent of the $7- billion decline of the total foreign tax credit claimed from 2000 to 2001, its share of the total foreign tax credit fell by just 0.9 percent. Manufacturing was similarly dominant with its share of current-year foreign taxes (67.5 percent of the total) and foreign-source taxable income (59.6 percent of the total). Within manufacturing, corporations in the petroleum and coal products manufacturing grouping were the largest contributors of overall foreign tax credits (24.2 percent), foreign source taxable income (17.9 percent), and current-year foreign taxes (28.5 percent). Shares of the total foreign tax credit for petroleum and coal products manufacturing and chemical manufacturing saw modest increases in 2001 while computer and electronic product manufacturing dropped from 14.0 percent to 8.4 percent. Services solidified its position as the second most prominent industry in terms of measures related to the foreign tax credit, accounting for 12.7 percent of the total foreign tax credit, 13.9 percent of foreignsource taxable income, and 11.3 percent of currentyear foreign taxes. Finance, insurance, real estate, rental and leasing, and information were responsible for 7.5 percent and 7.2 percent of the total foreign tax credit, respectively. OilandGasExtractionIncome U.S. corporations claiming a credit for any income taxes paid, accrued, or deemed paid on foreign oil and gas extraction income (FOGEI) are required to report the income, deductions, and taxes related to foreign oil and gas extraction activities separately. Section 907 of the Internal Revenue Code provides separate rules for FOGEI, which affect the amount of foreign taxes available for credit. In addition to prohibiting credits for certain levies which do not meet the standard of a true income tax (as defined by 185 Corporate Foreign Tax Credit, 2001 Figure B U.S. Corporation Income Tax Returns with a Foreign Tax Credit: Foreign-Source Taxable Income, Current-Year Foreign Taxes, and Foreign Tax Credit, by Selected Sector or Group, Tax Year 2001, and Selected Sector or Group Shares of Total Foreign Tax Credit, Tax Years 2000-2001 [Money amounts are in thousands of dollars] 2001 Selected sector or group Number of returns Percentage of total foreign tax credit Foreign-source taxable income (less loss) ¹ (2) 164,753,343 335,865 2,511,835 1,441,523 79,139 98,292,466 8,231,442 29,573,067 18,703,028 9,523,426 15,722,129 4,262,251 4,639,937 787,855 13,279,995 8,558,477 20,350,486 8,794,440 9,644,044 23,034,241 2,517,884 17,338,629 Current-year foreign taxes Foreign tax credit claimed 2001 2000 (1) All industries.................................................................................... Agriculture, forestry, fishing, and hunting........................................ Mining................................................................................................. Utilities................................................................................................. Construction......................................................................................... Manufacturing...................................................................................... Beverage and tobacco products........................................................ Petroleum and coal products manufacturing..................................... Chemical manufacturing.................................................................... Pharmaceutical and medicine manufacturing............................... Computer and electronic product manufacturing............................... Transportation equipment manufacturing.......................................... Wholesale and retail trade.................................................................. Transportation and warehousing....................................................... 5,478 331 131 15 235 911 14 22 139 56 110 50 586 78 299 166 958 151 242 1,934 378 905 (3) 44,505,156 107,431 911,811 323,139 19,361 30,038,255 2,488,315 12,696,851 4,813,945 2,329,887 3,153,463 952,157 1,282,789 123,043 2,671,044 1,560,612 3,989,308 1,803,039 1,651,711 5,038,974 429,656 3,971,638 (4) 41,358,458 89,089 733,744 348,432 17,389 27,516,993 2,459,547 9,991,472 4,924,110 2,279,434 3,464,528 955,360 1,217,807 122,344 2,964,028 1,769,968 3,103,849 1,530,564 1,008,457 5,244,781 515,115 3,862,923 (5) 100.0 0.2 1.8 0.8 (²) 66.5 5.9 24.2 11.9 5.5 8.4 2.3 2.9 0.3 7.2 4.3 7.5 3.7 2.4 12.7 1.3 9.3 (6) 100.0 (²) 1.6 0.4 0.1 67.4 4.7 22.7 10.0 5.0 14.0 4.0 2.6 0.6 6.4 4.8 9.9 6.6 2.3 11.1 0.8 8.8 186 Information........................................................................................... Publishing, motion picture, and sound recording.............................. Finance, insurance, real estate, and rental and leasing................... Securities, commodity contracts, etc................................................. Insurance and related activities......................................................... Services................................................................................................ Professional, scientific, and technical services................................. Management of holding companies ................................................. ¹ Before adjustments. ² Less than 0.05 percent. NOTE: Detail may not add to the total for "All industries" because of rounding. 186 U.S. tax principles), the rules of Section 907 limit the crediting of taxes where taxes are paid at a rate in excess of the statutory U.S. corporate tax rate. Excess FOGEI taxes that are subject to limitation in the current year may be carried back 2 years or forward 5 years. Oil and gas extraction income was one of the few income categories to experience significant growth from Tax Year 2000 to 2001. As seen in Figure C, $30.9 billion in FOGEI gross income were generated in 2001, an increase of 22.0 percent from 2000. Taxes paid on FOGEI totaled $9.1 billion, or 12.3 percent higher than in 2000. After limitations of $2.9 billion, the total amount of FOGEI taxes available for credit in 2001 was $6.2 billion. In 2001, Norway was the leading source of FOGEI gross income and taxes paid, with $5.8 billion and $2.8 billion, respectively. Norway accounted for 18.6 percent of FOGEI gross income and 31.0 percent of FOGEI taxes. The UK was responsible for $5.2 billion of FOGEI gross income and $1.6 billion of the taxes paid. Nigeria was third in both categories, with $2.5 billion in gross income and $947 million in taxes paid. Together, these three countries combined to account for 43.8 percent of FOGEI gross income and 59.0 percent of FOGEI taxes. As a note of caution when using these data, FOGEI is typically earned by a foreign subsidiary of the U.S. taxpayer claiming a foreign tax credit. As a result, FOGEI may be reported for the country of incorporation of Corporate Foreign Tax Credit, 2001 Figure C U.S. Corporation Income Tax Returns with a Foreign Tax Credit: Foreign Oil and Gas Extraction Gross Income, by Selected Industry and Country, Tax Year 2001 [Money amounts are in millions of dollars] Selected industry, country Selected industry: All industries…………………........................... Petroleum (including integrated) and coal products manufacturing……............... Wholesale petroleum trade………………...... Oil and gas extraction……………….............. All other industries…………………................ Selected country: All countries..................................................... Norway………………………………............... United Kingdom………………………............. Nigeria…………………………….................... Indonesia………………………………............ Canada……………………………................... Bermuda........................................................ United Arab Emirates..................................... Saudi Arabia…………………......................... Malaysia……………………………................. Australia…………………………..................... Thailand……………………………….............. Spain.............................................................. Trinidad.......................................................... Egypt.............................................................. Former Soviet Union…………………………… Argentina........................................................ Netherlands…………………………................ All other countries¹…………………................ Gross income (less loss) Percentage of total 30,946 27,920 *863 803 1,360 100.0 90.2 * 2.8 2.6 4.4 30,946 *5,762 *5,161 *2,529 *2,087 *2,068 *1,353 *1,025 *1,008 *924 *755 *750 *662 *613 *492 *483 *468 *450 4,356 100.0 * 18.6 * 16.7 * 8.5 * 6.7 * 6.7 * 4.4 * 3.3 * 3.3 * 3.0 * 2.4 * 2.4 * 2.1 * 2.0 * 1.6 * 1.6 * 1.5 * 1.5 14.1 * Data should be used with caution because of the small number of sample returns on which they are based. ¹ Includes U.S. Possessions. NOTE: Detail may not add to totals because of rounding. the foreign company instead of the country where the income was generated. The petroleum and coal products manufacturing industry was responsible for 90.2 percent of the FOGEI gross income and 89.9 percent of FOGEI taxes. The wholesale petroleum trade and oil and gas extraction industries combined to account for 5.4 percent of the gross income and 4.8 percent of the taxes. GeographicFocus European countries have traditionally accounted for much of the foreign-source taxable income and foreign taxes reported by U.S. corporations claiming a foreign tax credit, and Tax Year 2001 was no exception. Of the $164.8 billion in foreign-source taxable income, nearly half (47.3 percent) was earned from Europe, and, of the $44.5 billion in current-year foreign taxes, nearly half (48.6 percent) was paid to European nations. Among individual countries, the United Kingdom was the most significant, accounting for 18.1 percent of foreign-source taxable income and 15.8 percent of current-year foreign taxes. As shown in Figure D, the $29.8 million in income earned from the UK is more than the income earned from any other country or geographic region. The UK was also notable as the only country among the leaders in foreign-source taxable income and current-year foreign taxes that experienced increases in both measures (both in absolute terms and in its share of the total) during 2001. Asia was second among geographic regions with respect to economic measures related to the foreign tax credit in 2001. Over 17.0 percent or $28.2 billion of the foreign-source taxable income came from Asia, which also received over 20.0 percent or $9.0 billion of the current-year foreign taxes. While maintaining its position as the second most prominent region, Asia’s share of current-year taxes fell by 11.1 percentage points from 2000 levels, and its share of foreign-source taxable income dropped by 7.8 percent points. These declines mirror the substantial downturn in U.S. real exports destined for Asia in 2001 [6]. Japan accounted for the second-largest share of foreign taxes ($4.5 billion), but their share of the total dropped from 19.1 percent in 2000 to 10.2 percent in 2001. Similarly, Japan’s share of foreignsource taxable income fell from 12.1 percent to 7.0 percent. Behind the UK, Canada was the next largest source of foreign-source taxable income among individual countries. Notably, the $11.8 billion in taxable income from Canada are a 25.3-percent decrease from 2000 [7]. Taxes paid to Canada in 2001 fell 7.7 percent, which places them third behind the UK and Japan. Figure F, which presents foreign-source taxable income by selected industrial group and by selected country, reveals some significant differences in industrial composition among the leading countries. As mentioned previously, manufacturing is the dominant industrial classification for most financial measures related to the foreign tax credit. Therefore, it is 187 Corporate Foreign Tax Credit, 2001 Figure D U.S. Corporation Income Tax Returns with a Foreign Tax Credit: Foreign-Source Taxable Income and Current-Year Foreign Taxes, by Selected Geographic Area and Country, Tax Year 2001 [Money amounts are in thousands of dollars] Selected geographic area or country Foreign-source taxable income (less loss) ² (1) Percentage of total (2) 100.0 7.2 11.0 3.6 2.0 47.3 2.2 2.9 2.8 4.8 1.9 18.1 4.1 4.1 2.2 0.9 17.1 7.0 2.7 2.3 12.5 Percentage of total Current-year foreign Percentage of total Percentage of total in 2000 taxes in 2000 (3) 100.0 9.6 12.4 3.4 1.9 48.8 3.0 6.2 2.4 5.5 1.1 16.1 1.5 3.4 2.9 1.2 24.9 12.1 2.9 2.5 17.9 (4) 44,505,156 4,067,258 4,369,874 1,585,132 1,012,468 21,611,291 1,238,867 1,226,022 247,896 1,700,399 1,742,683 7,047,798 3,681,006 1,756,138 1,715,561 1,003,069 9,009,574 4,549,401 1,079,347 938,719 2,652,251 (5) 100.0 9.1 9.8 3.6 2.3 48.6 2.8 2.8 0.6 3.8 3.9 15.8 8.3 3.9 3.9 2.3 20.2 10.2 2.4 2.1 6.0 (6) 100.0 9.9 10.4 3.5 2.0 51.5 3.1 8.8 0.7 6.7 1.7 13.1 3.5 2.8 4.6 2.7 31.3 19.1 3.2 2.8 7.1 All countries............................................... Canada............................................................. Latin America.................................................. Mexico.......................................................... Brazil............................................................ Europe............................................................. France.......................................................... Germany...................................................... Ireland.......................................................... Netherlands.................................................. Spain............................................................ United Kingdom........................................... Norway......................................................... Switzerland.................................................. Africa................................................................ Nigeria......................................................... Asia.................................................................. Japan........................................................... Oceania............................................................ Australia....................................................... 164,753,343 11,784,109 18,166,392 6,010,428 3,298,513 77,952,092 3,547,254 4,838,264 4,550,866 7,835,289 3,204,769 29,778,504 6,761,310 6,713,757 3,618,463 1,557,194 28,164,919 11,549,583 4,523,451 3,772,661 188 20,543,917 All other ¹......................................................... ¹ Includes data from returns with no country stated. ² Before adjustments. NOTE: Detail may not add to totals because of rounding. 188 not surprising to observe the leading countries in terms of foreign-source taxable income with significant amounts earned by manufacturers. Income from manufacturers accounts for at least half of the income paid by all of the countries except for the United Kingdom. Manufacturing income from the UK accounts for 38.8 percent of the income from that country, while manufacturing income accounts for between 61.3 percent and 98.3 percent for the other countries listed in Figure F. Next to manufacturing, the services and finance, insurance, real estate, rental and leasing industrial groups are the next largest in terms of foreign-source taxable income. Foreign-source taxable income derived from the UK in these two industries totaled $15.2 billion or 35 percent of the total for these industries. By comparison, the next largest contributor to these industries was Canada, which accounted for $2.4 billion or just 5.8 percent of the total for these industries. ConcentrationofForeignTaxCredits For 2001, some 5,478 corporations claimed foreign tax credits, combining for a total foreign tax credit of $41.4 billion. While the average foreign tax credit claimed was approximately $7.5 million per corporation, the majority of the total foreign tax credit was actually concentrated among a relatively small number of corporations. As shown in Figure G, corporations reporting the 10 largest foreign tax credits accounted for 41.3 percent of the total foreign tax credit and 24.0 percent of the foreign-source taxable income in 2001. Meanwhile, 50 corporations accounted for 71.3 percent of the total foreign tax credit and 46.7 percent of foreign-source taxable income. The largest 100 returns in terms of foreign tax credit claimed accounted for 83.6 percent and 56.7 percent of the foreign tax credit and foreignsource taxable income, respectively. From 1992 to 1998, the concentration of foreign tax credits was relatively stable among the three Corporate Foreign Tax Credit, 2001 Figure E U.S. Corporation Income Tax Returns with a Foreign Tax Credit: Foreign-Source Taxable Income, Taxes Paid, and Taxes Deemed Paid, by Geographic Area, Tax Year 2001 Billions of dollars 70 62.1 60 50 40 28.2 20.6 30 18.2 15.8 11.8 11.8 3.7 3.7 3.6 1.4 0.4 20 10 1.0 3.0 2.3 2.1 2.4 4.5 4.5 4.5 0.4 0.6 1.5 1.2 0 Canada Latin America European Union Other Europe Africa Asia Oceania All other¹ Geographic area Foreign-source taxable income (less loss) Current-year foreign taxes paid or accrued Current-year tax deemed paid ¹ Includes data from returns with no country stated. categories displayed in Figure G. During this 7-year period, the top 100 corporations with foreign tax credits accounted for a high of 81.5 percent of the total foreign tax credit in 1993 and a low of 78.9 percent in 1997. A similarly small difference of 3 percent is seen among the highest (68.1 percent) and lowest (65.1 percent ) measures for the top 50 returns in terms of total foreign tax credits. As one might expect, there was slightly more variation between the highest (37.3 percent) and lowest (32.5 percent ) measures in the smaller, top 10 category. Relative to the first 7 years of the observation period, Tax Years 2000 and 2001 reveal a marked increase in the concentration levels of foreign tax credits and foreign-source taxable income among the largest returns. The share of the total foreign tax credit by the top 10 returns increased from 31.7 percent in 1999 to 42.2 percent in 2000, with a slight decline to 41.3 percent in 2001. Likewise, shares of foreign-source taxable income increased from 12.2 percent in 1999 to 19.9 percent in 2000 and 24.0 percent in 2001. Summary For 2001, there were 5,478 corporations claiming a total foreign tax credit of $41.4 billion. These corporations reported $368.1 billion of taxable income and $129.3 billion in income taxes before 189 Corporate Foreign Tax Credit, 2001 Figure F U.S. Corporation Income Tax Returns with a Foreign Tax Credit: Foreign-Source Taxable Income (Less Loss)¹, by Selected Sector or Group and Selected Country, Tax Year 2001 [Money amounts are in thousands of dollars] Selected sector or group All countries (1) All industries.................................................................. 164,753,343 Agriculture, forestry, fishing, and hunting....................... Mining.................................................................................. Utilities................................................................................ Construction....................................................................... 335,865 2,511,835 1,441,523 79,139 United Kingdom (2) 29,778,504 2,215 290,095 780,637 1,367 11,564,180 548,688 6,201,336 1,036,099 739,275 1,529,556 141,794 236,202 41,570 1,649,488 927,919 8,007,408 4,834,931 1,492,328 7,205,341 233,603 6,411,880 Canada (3) 11,784,109 598 290,584 13,373 20,625 7,437,498 286,440 2,436,206 807,943 208,714 419,895 965,660 1,087,077 92,733 487,444 272,308 1,138,490 69,732 1,039,578 1,215,686 162,645 695,404 Japan (4) 11,549,583 -21,974 -1,693 7,084,520 987,002 937,936 1,343,830 706,110 2,656,495 197,669 460,668 54,569 1,385,031 1,125,250 1,836,785 189,711 1,518,208 704,343 99,298 447,007 Netherlands (5) 7,835,289 14 65,758 1,310 -209 5,378,306 266,484 633,874 1,142,448 353,104 1,317,507 445,650 80,797 -72,544 280,156 312,641 617,945 248,185 341,671 1,483,755 678,581 283,666 Norway (6) 6,761,310 -14,834 693 (²) 6,643,961 1,325 6,554,798 56,559 993 15,478 4,929 2,705 -3,414 16,582 15,723 48,449 1,217 47,347 34,861 3,561 8,422 Switzerland Rest of world (7) 6,713,757 -1,869 -86 5,436,057 3,362,674 12,018 1,285,159 464,509 212,879 65,329 210,866 -1,034 112,941 56,553 476,247 428,954 44,998 476,725 110,777 341,303 (8) 90,330,791 333,038 1,826,721 645,510 55,577 54,747,944 2,778,829 12,796,899 13,030,990 7,050,721 9,570,319 2,441,220 2,561,622 675,975 9,348,353 370,795 8,225,162 3,021,710 5,159,914 11,913,530 1,229,419 9,150,947 Manufacturing..................................................................... 98,292,466 Beverage and tobacco products...................................... 8,231,442 Petroleum and coal products manufacturing................... 29,573,067 Chemical manufacturing.................................................. 18,703,028 Pharmaceutical and medicine manufacturing............. 9,523,426 Computer and electronic product manufacturing............. 15,722,129 Transportation equipment manufacturing........................ 4,262,251 Wholesale and retail trade................................................. Transportation and warehousing..................................... 4,639,937 787,855 Information.......................................................................... 13,279,995 Publishing, motion picture, and sound recording............. 8,558,477 Finance, insurance, real estate, and rental and leasing. 20,350,486 Securities, commodity contracts, etc............................... Insurance and related activities....................................... 8,794,440 9,644,044 190 Services............................................................................... 23,034,241 Professional, scientific, and technical services............... 2,517,884 Management of holding companies ................................ 17,338,629 ¹ Before adjustments. ² Less than $500. NOTE: Detail may not add to the total for "All industries" or "All countries" because of rounding. Figure G U.S. Corporation Income Tax Returns with a Foreign Tax Credit: Percentage of Total Foreign Tax Credit, and Percentage of Total Taxable Income, by Top 10, Top 50, and Top 100 Returns in Terms of Foreign Tax Credit Claimed, Tax Years 1992-2001 [Money amounts are in thousands of dollars] Top 10 returns Tax year Number of U.S. corporation returns (1) 2001................ 2000................ 1999................ 1998................ 1997................ 1996................ 1995................ 1994................ 1993................ 1992................ 5,478 5,917 5,789 5,927 6,569 6,100 6,710 7,199 6,322 5,147 Top 50 returns Top 100 returns Total foreign tax Income subject to Percentage of Percentage of Percentage of Percentage of Percentage of Percentage of credit claimed U.S. tax¹ total foreign tax total taxable total foreign tax total taxable total foreign tax total taxable income credit income credit income credit (2) 41,358 48,355 38,271 37,338 42,223 40,255 30,416 25,419 22,895 21,533 (3) 129,340 163,009 135,855 132,741 144,779 130,748 107,996 90,786 81,913 67,942 (4) 41.3 42.2 31.7 33.6 34.4 34.4 36.5 32.5 37.3 35.6 (5) 24.0 19.9 12.2 12.4 14.6 14.7 15.3 14.4 14.4 14.3 (6) 71.3 72.1 64.1 65.5 66.2 66.7 66.2 65.1 68.1 66.1 (7) 46.7 40.4 33.4 28.9 33.8 34.0 34.4 35.4 36.1 35.9 (8) 83.6 84.9 80.8 79.2 78.9 79.9 79.5 79.7 81.5 80.7 (9) 56.7 54.4 47.4 39.4 44.9 46.2 44.4 47.2 45.5 46.7 190 ¹ "Worldwide taxable income" is also used to describe "Income subject to U.S. tax." Corporate Foreign Tax Credit, 2001 credits. The foreign tax credit and other credits combined to reduce the U.S. income tax liability by 38.1 percent to $80.1 billion. The manufacturing sector tallied the largest share of foreign tax credits, foreign-source taxable income, and current-year foreign taxes. Among manufacturing corporations, those in the petroleum and coal products grouping reported the most foreign tax credits with $9.9 billion. U.S. corporations within the services industry contributed the next largest share of foreign tax credits with $5.2 billion. Europe was the source for 47.3 percent of foreign-source taxable income and 48.6 percent of current-year foreign taxes. The UK was the leading country, by far, with $29.8 billion in foreign-source taxable income and $7.0 billion in current-year foreign taxes. The UK, Japan, and Canada combine to account for nearly a third (32.2 percent) of the taxable income and 35.2 percent of foreign taxes. DataSourcesandLimitations The statistics in this article were derived based on corporation income tax returns with a foreign tax credit that were included in the 2001 Statistics of Income sample of returns with accounting periods ending between July 2001 and June 2002. These returns were selected after administrative processing but prior to any amendments or audit examination. The 2001 corporation income tax return sample included approximately 139,000 returns sampled from over 5.0 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 article 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 article, 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 article and those published in Statistics of Income-2001, 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 article. 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 2001, were not included in the statistics. Foreign income and taxes are understated in this article to the extent that they were not reported on Form 1118. Also, the 2001 foreign tax credit statistics in this article do not represent the final amounts credited that year. A complete foreign tax credit amount for 2001 would reflect the results of any audits as well as the carryback of any foreign tax credits from 2002 and 2003. In addition to currentyear foreign taxes, foreign taxes available for credit shown in this article include only those carried forward to 2001 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 2001. 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 (CV’s) 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 H presents CV’s 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. 191 Corporate Foreign Tax Credit, 2001 Figure H Coefficients of Variation for Foreign Tax Credit, by Selected Sector or Group, Tax Year 2001 Selected sector or group Coefficients of variation for foreign tax credit (percentages) All industries………………….………………...……................. Agriculture, forestry, fishing, and hunting……….................... Mining…………………………………..………………................... Utilities.…………………………………..………………................. Construction…………………………………………….................. Manufacturing…………………………………………................... Beverage and tobacco products.............................................. Petroleum and coal products manufacuring ………................ Chemical manufacturing ……………………………................. Pharmaceutical and medicine manufacturing..................... Computer and electronic product manufacturing..................... Transportation equipment manufacturing….…………............. Wholesale and retail trade………………………………………... Transportation and warehousing ............................................ Information ……………………………………………................... Finance, insurance, real estate, and rental, and leasing …… Securities, commodity contracts, etc....................................... Insurance and related activities............................................... Services………………………...................................................... Professional, scientific, and technical services....................... Management of holding companies......................................... 0.03 0.04 1.22 -2.94 0.01 0.01 -0.02 0.02 0.03 0.02 0.15 0.30 0.13 0.12 0.23 -0.12 0.48 0.14 192 The industry classification used in this article 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 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 articles by Statistics of Income on the foreign tax credit. DescriptionofTables1-3 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 192 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 and column 27 of Table 2. 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 2001, Code section 863(b) income (income partly from within and partly from without 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 prior-year overall foreign losses and recharacterization of prioryear foreign-source losses. These adjustments (reported on Schedule J, Separate Limitation Loss Corporate Foreign Tax Credit, 2001 Allocations and Other Adjustments Necessary To Determine Numerators of Limitation Fractions, Year-End 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--Corporation, are reported in columns 42 through 51 of Table 1. Total foreign taxes paid or accrued (Table 1, column 43) are 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 2001 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 and 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 and 3 are similar in column format to Table 1 except that they provide 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 reported by industrial grouping and separate income basket, while Table 3 presents data by selected geographic region and country. ExplanationofSelectedTerms 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 and column 24 of Table 2. 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 2001 statistics used for this article include only those foreign taxes that were carried forward from previous years (1996-2000). See column 41 of Table 1 and column 28 of Table 2. 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, column 29 of Table 2, and column 15 of Table 3. Current-year 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 (CFC’s) 193 Corporate Foreign Tax Credit, 2001 194 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. European Union (E.U.).--The European Union (E.U.) is a union of 15 independent states based on the former European Community and founded to enhance political, economic, and social cooperation. Formerly known as the European Community (E.C.) or the European Economic Community (E.E.C.), the member states include Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom. Financial services income.--This separate limitation category or basket applies to certain income from financial services activities. Financial services income includes all income, including “passive income,” (see below) that is generated from banking, insurance, financing, or similar activities, and from certain types of insurance investments. Financial services income excludes “high withholding tax interest,” dividends from noncontrolled foreign corporations as defined in Internal Revenue Code section 902, and certain types of export financing interest. 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 FSC’s 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.--Foreignsource 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. Foreign trade income.--Includes gross receipts from foreign trade earned by a Foreign Sales Corporation (FSC) from: 1) the sale of “export property,” 2) the leasing of export property for use outside the United States, or 3) services in connection with the sale or leasing of export property. The related separate limitation category, taxable income attributable to foreign trade income, is unusual in the 2001 statistics. Code Section 923(b), which permits the foreign trade 194 Corporate Foreign Tax Credit, 2001 income basket, has since been repealed, effective September 30, 2000. General limitation income.---This separate limitation category or basket comprises foreign income not included in any other separate limitation category. High withholding tax interest.--This separate limitation category or basket includes interest income subject to a withholding tax greater than or equal to 5 percent. This basket does not include interest received from the financing of certain export activities. Income resourced by bilateral tax treaty.-Selected U.S. income tax treaties contain provisions reclassifying certain income items from being U.S.source income to foreign-source income. This usually occurs when a tax treaty allows the other country to tax what would otherwise be U.S.-source income. Certain dividends and income from a U.S.owned foreign corporation can be included in this category. A separate foreign tax credit limitation has to be computed for each amount resourced by a tax treaty. Interest-Charge Domestic International Sales Corporation (IC-DISC).--IC-DISC’s were small domestic corporations formed to export U.S. products. An IC-DISC could defer the tax liability on a portion of its income but had to ultimately pay the deferred tax plus interest. Under the DISC provisions, a U.S. manufacturer could set up a DISC (located in the United States) whose income was not taxed at the DISC level. Instead, the corporate shareholder was taxed directly on a portion of the DISC’s income that was deemed distributed. The portion of the income not deemed distributed was not subject to U.S. taxation until it was actually distributed. The foreign trading partners of the United States that are party to the General Agreement on Tariffs and Trade (GATT) maintained that the DISC provisions constituted an illegal export trade subsidy because they allowed indefinite deferral of direct taxes on income from exports earned in the United States. Essentially, this pre-1985 system of tax deferral for export income was replaced by the exemption system of Foreign Sales Corporations (FSC’s), now also repealed. To elect IC-DISC status, at least 95 percent of the corporation’s gross receipts had to be “qualified export receipts,” and at least 95 percent of its assets “qualified export assets.” Distributions from an IC-DISC are a separate limitation category. Noncontrolled section 902 corporation.--A noncontrolled foreign corporation is defined by Internal Revenue Code section 902 as a foreign corporation in which a U.S. corporation possesses at least 10 percent of the voting stock and the U.S. shareholders own no more than 50 percent of the stock measured by voting power or value. These foreign corporations are also referred to as “10/50 companies.” Each noncontrolled section 902 foreign corporation is treated individually, with dividends from each corporation placed in separate categories or baskets to avoid the averaging of high-taxed and lowtaxed dividends. OPEC Countries.--The members of the Organization of Petroleum Exporting Countries (OPEC) for 2001 were Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Passive income.--This separate limitation category or basket includes dividends, interest (with the exception noted below), rents, royalties, annuities, and net capital gains, as well as commodity transactions not connected with the active conduct of a trade or business. High-taxed passive income is excluded from this basket and is included, instead, under financial services income. Interest subject to a high withholding tax is categorized in a separate basket (see High withholding tax interest, above). Furthermore, income that by definition is passive, yet is subject to a foreign tax rate exceeding the highest applicable U.S. rate, is placed in the general limitation basket instead of the passive income basket. Section 901(j) income.--Internal Revenue Code section 901(j) denies credit for taxes paid or accrued to select foreign governments that the United States deems ineligible. These countries include the following: (1) countries not recognized by the United States, (2) countries with which the United States has severed or does not conduct diplomatic relations, or (3) countries identified by the United States as providing support for terrorism. For 2001, countries subject to these restrictions were Cuba, Iran, Iraq, Libya, North Korea, Sudan, and Syria. Income and deductions from section 901(j) countries are reported on Form 1118, even though these taxes are not creditable. A separate limitation credit is computed for informational purposes and is not included in the foreign tax credit of the corporation. 195 Corporate Foreign Tax Credit, 2001 196 Shipping income.--This separate limitation category or basket applies to certain income from shipping-related activities. Shipping income includes the following: (1) all income from the use (or leasing for use) of a vessel or aircraft in foreign commerce, (2) income from services directly related to the use of a vessel or aircraft, (3) gains on the sale or exchange of a vessel or aircraft used in the performance of such services, and (4) income generated from other space and oceanic activities not included elsewhere. Income that would be “foreign base company shipping income” for purposes of determining the income received from Controlled Foreign Corporations, under Internal Revenue Code section 954(f), is also classified as shipping income. 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 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 (CFC’s), 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. FSC’s are reported on the parent corporation’s return and are included in these statistics when provided by the taxpayer. [2] A foreign tax credit is not allowed for foreign taxes paid to countries sanctioned by the U.S. Government. Nevertheless, a foreign tax credit limitation is computed for each sanctioned country. These countries for Tax Year 2001 were Cuba, Iran, Iraq, Libya, North Korea, Sudan, and Syria. [3] According to Internal Revenue Code section 999, U.S. persons who participate or cooperate in international boycotts not sanctioned by U.S. law, regulation, or executive order are penalized under special boycott provisions. Under the boycott provisions, penalties include a reduction of foreign tax credits, an increase in taxable income for Controlled Foreign Corporations under subpart F, the exclusion of extraterritorial income, and a reduction in benefits otherwise allowed regarding Foreign Sales Corporations (FSC’s) and Interest-Charge Domestic International Sales Corporation (IC-DISC’s), as applicable. For more information on international boycotts, see Redmiles, Melissa, “International Boycott Reports, 2001 and 2002,” Statistics of Income Bulletin, Spring 2005, Volume 24, Number 4. [4] Taxes carried back to 2001 returns from 2002 and 2003 are not reflected in the data, as amended returns and refund claims are not included in the statistics. [5] For more data on national and average subnational (State or provincial) income tax rates, see KPMG, “Corporate Tax Rate Survey,” www.us.kpmg.com/microsite/Global_Tax/ TaxFacts, January 2002. [6] Growth of U.S. exports was tempered by a worldwide economic slowdown in economic activity, as world output growth slowed from 4.7 percent in 2000 to 2.3 percent in 2001. The largest percentage-point declines in U.S. real exports were generally for those destined for Asia: South Korea (-58.4 percent), Taiwan (-37.3 percent), and Japan (-37.1 percent). For more information on this topic, see Kliesen, Kevin L., NotesandReferences [1] Since income tax returns for Foreign Sales Corporations were not a part of the sample used for the statistics, this income category is not included. Distributions from FSC’s or former 196 Corporate Foreign Tax Credit, 2001 “The 2001 Recession: How was it different and what developments may have caused it?,” Federal Reserve Bank of St. Louis Review, September/October 2003. [7] For geographic region data for Tax Year 2000, see Luttrell, Scott, “Corporate Foreign Tax Credit, 2000,” Statistics of Income Bulletin, Fall 2004, Volume 24, Number 2. SOURCE: IRS, Statistics of Income Bulletin, Fall 2005, Publication 1136. (Rev. 12-05.) 197 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry [All figures are estimates based on a sample--money amounts are in thousands of dollars] Major and selected minor industry of U.S. corporation filing return Number of returns Total assets Total receipts Includable Dividends Dividends income of received from received from controlled IC-DISC's or foreign foreign former corporations corporations DISC's ¹ Foreign dividend income from foreign taxes deemed paid (gross-up) (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.................... (2) (3) 5,413,718,263 3,624,948 36,700,668 4,622,250 6,279,637 *4,700,379 21,098,402 142,562,527 27,260,428 17,889,895 7,113,038 2,257,494 2,306,021,902 105,282,366 118,705,827 *73,263,391 *1,314,574 20,004,573 *2,315,103 28,647,508 43,836,591 4,968,751 539,194,077 335,445,964 152,524,239 182,921,724 22,764,226 17,238,579 32,138,672 67,375,234 121,054,660 193,828,800 181,404,391 413,012,656 249,395,605 163,617,051 9,192,713 48,296,638 824,991,201 340,862,208 133,337,874 10,170,942 123,166,932 207,524,335 124,088,058 2,599,872 15,949,992 64,886,413 (4) 36,671,846 *111,684 624,408 *7,964 260,584 *26,013 *329,848 860,351 24,250 4,596 *2,679 *16,974 24,557,676 1,207,251 *1,869,785 *327,240 *83,625 *19,456 *7,747 *541 *384,555 *15,762 9,664,148 5,503,902 2,511,592 2,992,310 379,699 186,544 *373,224 579,429 758,791 1,561,818 494,248 1,107,666 513,593 594,073 *68,328 291,158 1,670,675 1,362,894 63,015 *299 62,715 1,299,879 360,278 *5,143 *736,408 198,050 (5) 71,079 -----------71,048 *1,073 *437 ------*388 -*764 -*764 -*504 -*15 *1,229 *34 *65,263 *6 *6 --*1,336 *28 *28 ---*28 ---*28 (6) 27,729,237 *165,846 198,769 *31,287 10,646 *6,428 *150,408 *608,178 *1,581 *1,300 *6 *274 18,655,945 689,477 *2,484,684 *2,402,327 *13,190 *54,605 *1,102 *454 *199,301 *13,227 2,348,012 4,128,571 2,023,994 2,104,577 233,541 *77,083 *399,647 234,386 1,427,371 2,421,173 2,190,731 1,316,506 *1,169,155 147,351 *38,707 384,178 791,450 590,469 48,426 *21 48,405 542,043 *154,863 *2,760 *15,515 368,905 (7) 27,344,500 *106,584 318,094 *4,332 110,793 *11,457 191,512 *304,706 *12,229 *2,626 *877 *8,726 20,519,342 841,309 *1,829,877 *1,219,070 *39,483 17,616 *6,275 *169 *289,541 *18,309 7,634,156 3,486,166 1,536,133 1,950,033 313,949 53,285 *485,844 355,694 1,010,810 2,345,885 796,412 628,133 283,868 344,265 *65,908 300,521 966,790 695,033 38,825 -38,825 656,208 205,548 *2,989 *286,938 160,733 5,478 17,865,851,224 331 6,243,677 131 104,918,221 96 11 8 16 15 235 185 31 18 911 51 14 4 6 40 6 10 18 13 22 139 56 84 39 38 16 67 114 110 73 50 26 24 11 72 586 425 288 56 232 136 32 11 13 80 10,484,706 39,484,560 *9,181,516 45,767,439 286,305,655 15,557,091 7,917,157 6,048,407 1,591,527 4,348,082,581 137,423,780 146,308,563 *76,743,695 *2,222,344 18,708,171 *1,864,117 77,800,837 65,961,726 4,894,762 1,093,707,341 594,449,448 246,833,034 347,616,414 41,503,848 19,256,405 69,385,950 154,015,386 199,242,819 239,418,247 801,576,869 594,068,044 409,567,166 184,500,878 8,317,865 77,956,058 473,947,325 210,884,925 63,087,211 6,357,939 56,729,272 147,797,714 71,942,295 1,713,350 16,572,196 57,569,872 198 198 Footnotes at end of table. Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Major and selected minor industry of U.S. corporation filing return Number of returns Total assets Total receipts Includable Dividends Dividends income of received from received from controlled IC-DISC's or foreign foreign former corporations corporations DISC's ¹ Foreign dividend income from foreign taxes deemed paid (gross-up) (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 and telecommunications.............................. Information services and data processing 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) 162 17 3 5 9 17 7 103 78 15 9 6 63 299 166 115 18 958 504 263,062,400 664,149 *2,040,112 *59,117,324 *21,272,003 17,497,385 *119,632,340 42,839,089 68,107,371 15,135,829 *6,973,712 *8,162,117 52,971,542 930,016,010 292,631,312 574,822,778 62,561,920 5,654,638,859 5,632,752,737 41,602,739 *7,792,248 33,810,490 379,184,857 2,155,632,705 3,035,750,829 *50,330,244 20,581,608 21,886,123 5,580,061 16,306,061 5,978,034,434 91,161,970 5,685,321,322 54,315,390 40,714,677 3,775,423 95,761,939 55,706,790 40,055,149 6,983,713 *629,819 *6,353,894 (3) 484,128,992 1,701,661 *3,693,339 *54,263,400 *51,388,239 33,410,980 *272,403,294 67,268,079 84,431,746 8,881,792 *7,202,311 *1,679,481 75,549,954 334,037,150 123,298,832 174,204,283 36,534,035 1,017,963,820 997,473,702 6,373,348 3,671,568 2,701,780 70,228,562 183,800,066 736,225,502 *14,248,848 846,224 20,490,117 1,406,400 19,083,718 636,123,873 69,874,046 434,278,481 43,694,723 22,677,093 2,599,551 55,101,310 22,718,083 32,383,226 7,898,670 *294,546 *7,604,123 (4) 307,781 *39 -*7 *75 *122,540 *68,348 *116,771 146,690 *58,054 *57,936 *118 88,636 2,646,092 883,608 1,299,696 462,788 2,419,597 2,416,848 838 *563 275 *75,902 1,190,872 1,132,995 *210,332 *16,242 2,749 1,566 *1,183 3,610,421 261,189 2,641,860 339,437 *23,050 *10,546 299,139 *114,344 *184,795 *35,200 *279 *34,921 (5) -----------------*2 ---------*2 *2 -*1 ----*1 ------- (6) 200,981 *4,551 *1 *313 *1,024 *72,924 *100,790 *21,379 213,340 *177,098 *177,098 -*36,242 810,102 713,649 *51,941 *44,512 4,326,385 4,322,419 *4,167 *4,031 *137 *402,236 1,363,993 2,452,382 *163,003 *99,641 *3,967 *3,313 *654 1,957,640 193,159 1,607,559 *76,458 *14,681 *1 *61,490 *30,302 *31,188 *4,291 -*4,291 (7) 271,757 *2,665 *125 -*204 *92,215 *74,573 *101,975 62,434 *19,550 *19,527 *23 42,885 1,280,097 507,648 *343,522 428,927 1,741,920 1,739,877 *7 -*7 *92,126 1,015,812 574,013 *101,015 *57,919 *2,043 *1,299 *744 2,032,304 202,246 1,571,158 88,294 *10,268 *3,601 134,086 *14,048 *120,037 *22,652 *84 *22,568 35 10 25 20 151 242 9 57 454 426 27 1,934 378 905 97 241 231 66 14 52 15 4 11 199 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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) 368,071,310 618,196 4,178,371 971,449 635,946 *355,551 2,215,426 6,408,330 1,096,362 620,585 361,592 114,185 178,044,366 5,994,502 18,597,427 *11,370,569 *133,034 1,333,644 *108,146 887,360 3,854,569 594,275 49,469,709 42,950,033 24,958,556 17,991,477 1,631,850 1,013,060 2,380,026 4,079,575 6,108,055 13,659,390 7,581,998 12,580,213 5,057,187 7,523,026 427,306 4,660,194 33,519,117 10,791,659 3,538,389 242,147 3,296,242 7,253,270 3,749,991 36,023 940,011 2,527,245 (10) 129,339,728 213,254 1,505,948 344,307 236,049 *124,613 800,979 2,242,916 383,347 217,001 126,703 39,643 62,452,071 2,109,540 6,509,239 *3,979,699 *46,411 471,417 *37,712 310,280 1,349,902 207,900 17,326,338 14,945,402 8,636,726 6,308,676 586,996 354,787 872,295 1,429,897 2,145,114 4,971,378 2,572,345 4,421,259 1,783,884 2,637,375 150,669 1,633,191 11,760,429 3,805,553 1,235,498 83,844 1,151,654 2,570,055 1,327,070 12,477 340,338 890,170 (11) 129,374,846 213,254 1,505,753 344,266 236,049 *124,613 800,826 2,242,915 381,866 216,394 126,096 39,376 62,515,785 2,109,506 6,509,099 *3,979,699 *46,660 471,417 *37,712 310,280 1,349,902 207,899 17,325,190 14,943,591 8,631,797 6,311,795 586,854 354,787 858,480 1,429,671 2,144,876 4,970,526 2,660,093 4,415,404 1,782,282 2,633,122 150,669 1,633,170 11,760,401 3,805,525 1,235,470 83,703 1,151,767 2,570,055 1,327,070 12,477 340,338 890,170 (12) 41,358,458 89,089 733,744 213,636 186,777 *12,628 320,703 348,432 17,389 4,995 2,695 9,699 27,516,993 880,595 2,459,547 *1,481,636 *40,331 124,246 *6,780 46,970 407,608 19,515 9,991,472 4,924,110 2,279,434 2,644,677 365,233 61,412 613,919 504,034 1,216,682 3,464,528 1,014,780 955,360 484,147 471,212 44,047 375,824 1,217,807 884,950 80,696 2,868 77,828 804,253 261,141 3,005 300,260 239,848 (13) 255,319 -----------254,775 -*56,816 ------*1,525 -*184,829 *176,404 *8,425 *78 ---*10,906 ------*622 ----------- 200 379,079,509 795,831 4,579,632 999,795 660,797 *357,310 2,561,731 6,678,821 1,206,148 703,878 364,046 138,225 189,903,561 6,377,076 18,770,413 *11,524,393 *147,525 1,342,313 *114,851 905,006 4,004,811 605,094 49,940,819 45,713,527 26,703,196 19,010,331 1,681,977 1,086,350 3,751,864 4,293,832 6,832,367 16,421,256 8,181,191 14,127,193 5,413,656 8,713,537 439,202 5,166,895 34,308,311 11,513,059 3,774,480 252,497 3,521,983 7,738,579 3,940,128 41,096 1,009,587 2,747,769 200 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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 and telecommunications............................... Information services and data processing 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) 22,727,458 60,564 *163,385 *3,714,930 *1,411,420 2,355,634 *11,919,315 3,102,210 4,597,408 501,438 *464,007 *37,431 4,095,970 32,409,068 17,829,386 11,540,310 3,039,371 51,511,435 50,668,169 787,212 340,990 446,222 5,903,327 15,179,972 28,043,522 *1,464,906 754,135 843,266 242,530 600,736 55,688,657 5,766,705 41,496,159 2,999,328 1,132,987 257,820 3,577,051 653,528 2,923,523 458,607 *3,464 *455,143 (10) 7,954,876 21,170 *57,023 *1,300,137 *493,803 825,094 *4,171,642 1,086,007 1,610,850 178,083 *163,263 *14,821 1,432,766 11,354,798 6,257,618 4,032,817 1,064,364 18,281,286 17,988,013 274,248 119,136 155,112 2,065,244 5,348,541 10,031,372 *513,596 268,608 293,272 82,318 210,954 19,534,832 2,029,245 14,537,685 1,064,471 395,932 89,629 1,257,435 234,999 1,022,436 160,435 *1,166 *159,270 (11) 7,954,876 21,170 *57,023 *1,300,137 *493,803 825,094 *4,171,642 1,086,007 1,610,850 178,083 *163,263 *14,821 1,432,766 11,346,920 6,252,939 4,029,617 1,064,364 18,278,779 17,987,539 274,248 119,136 155,112 2,065,244 5,348,541 10,030,900 *513,596 268,606 291,240 81,041 210,199 19,518,322 2,029,245 14,536,765 1,052,260 395,932 89,629 1,254,055 231,766 1,022,290 160,435 *1,166 *159,270 (12) 332,857 2,636 *488 *10,485 *9,708 106,736 *95,323 107,481 122,344 46,654 *42,403 *4,251 75,690 2,964,028 1,769,968 750,784 443,277 3,103,849 3,093,475 39,171 15,891 23,280 315,798 1,530,564 1,008,457 *131,500 199,485 10,374 6,251 4,122 5,244,781 515,115 3,862,923 355,177 16,343 34,607 435,307 76,271 359,036 25,307 *122 *25,185 (13) ------------------------------*543 -----*543 *543 ----- 22,795,252 60,958 *163,535 *3,720,502 *1,416,495 2,359,630 *11,942,161 3,131,971 4,677,760 539,089 *489,876 *49,213 4,138,671 34,392,232 19,037,113 12,181,326 3,173,793 45,925,373 44,989,641 890,689 430,676 460,012 6,172,474 16,251,683 20,911,398 *1,457,980 763,397 935,732 251,469 684,263 56,611,839 5,912,734 42,025,612 3,157,159 1,151,535 302,751 3,587,473 661,816 2,925,657 474,574 *16,309 *458,266 201 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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 ³ Foreign dividend income from foreign taxes deemed paid (gross-up) 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) 80,134,069 118,510 668,092 125,294 46,135 *106,480 390,183 1,525,908 324,852 175,031 123,698 26,122 30,965,939 1,166,689 3,973,257 *2,485,268 *3,957 344,377 *29,831 262,676 891,285 184,807 5,715,465 9,316,048 5,826,911 3,489,136 218,486 283,422 251,009 899,073 866,112 1,430,990 826,746 3,007,178 955,488 2,051,690 106,336 1,188,196 10,393,271 2,848,371 1,135,637 78,880 1,056,757 1,712,734 1,033,161 9,473 39,446 630,655 (16) 372,905,130 397,447 6,600,448 1,058,910 2,743,754 *68,908 2,728,876 2,264,812 142,932 38,732 27,225 76,976 171,558,061 4,529,565 12,125,912 *5,905,410 *223,587 699,470 *104,922 529,416 2,459,698 77,903 47,036,057 31,734,552 15,479,458 16,255,094 1,600,215 422,151 2,755,615 3,515,396 8,424,484 28,766,104 13,456,440 9,656,693 6,280,171 3,376,522 248,605 3,191,275 12,153,171 9,780,352 1,676,022 63,828 1,612,194 8,104,330 1,888,357 58,412 3,059,463 3,098,099 (17) 65,166,156 277,548 804,919 *39,250 303,672 *32,441 461,998 1,468,185 26,034 6,067 2,714 17,253 43,841,171 1,891,893 *4,354,345 *2,729,443 *96,815 74,323 *8,849 *884 604,458 *28,966 12,045,821 9,692,658 4,528,601 5,164,058 615,906 262,278 *797,516 802,544 2,476,919 4,168,633 2,814,042 2,322,904 1,545,164 777,740 *107,035 674,382 2,420,508 1,916,011 111,003 327 110,676 1,805,008 494,310 *7,903 *751,927 550,868 (18) 27,329,970 *106,584 317,782 *4,332 110,793 *11,457 191,200 *304,683 12,328 *2,725 *877 *8,726 20,500,476 841,217 *1,829,877 *1,219,070 *39,483 *17,610 *6,275 *169 *289,541 *18,309 7,632,591 3,475,966 1,535,226 1,940,740 313,949 53,285 *484,899 354,751 1,010,342 2,345,111 792,844 627,866 283,868 343,998 *65,908 300,484 965,677 694,030 38,784 -38,784 655,246 205,550 *2,990 *286,938 159,769 (19) 68,435,076 *589 282,091 15,669 112,344 *5,407 *148,672 *469,559 15,721 *2,856 *504 *12,360 9,455,174 148,347 *811,761 *1,213 *3,916 *13,215 *789 *39,617 75,836 *3,449 2,532,214 583,994 179,345 404,649 58,259 20,985 *329,736 112,822 611,396 332,895 2,604,864 1,084,537 820,319 264,218 *7,960 78,581 441,092 361,689 86,837 2,071 84,766 274,852 17,459 *1,285 *31,488 224,620 202 4,421,869 *1,187 43,308 *3 1,455 *109 *41,741 *27,400 1,174 *150 *87 *936 1,709,375 47,953 *15,192 *8,369 *1,274 *2,692 *821 *433 *48,706 *2,036 425,717 437,305 348,374 88,931 *1,160 *2,154 *1,237 9,215 42,870 71,824 152,185 380,168 282,860 97,308 *286 66,147 122,830 45,805 13,066 *131 12,936 32,738 26,247 --6,491 202 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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 ³ Foreign dividend income from foreign taxes deemed paid (gross-up) (18) 271,646 *2,665 *125 -*204 *92,110 *74,567 *101,975 62,434 *19,550 *19,527 *23 42,885 1,280,046 507,596 *343,523 428,927 1,745,090 1,743,047 *8 -*8 *92,126 1,015,812 577,183 *101,015 *57,919 *2,043 *1,299 *744 2,034,869 202,298 1,570,268 88,295 *10,268 *3,601 137,487 *17,451 *120,036 *22,652 *84 *22,568 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 and telecommunications.............................. Information services and data processing 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) 7,544,900 18,413 *56,132 *1,289,468 *477,496 713,380 *4,022,868 967,142 1,452,965 112,147 *102,419 *9,728 1,340,817 6,878,316 3,165,209 3,124,456 588,652 14,233,103 13,953,839 217,553 86,554 130,999 1,549,225 3,699,923 8,427,196 *353,582 59,942 279,264 75,408 203,856 13,573,113 1,434,244 10,111,293 690,207 373,469 54,211 776,967 142,584 634,383 132,722 *851 *131,871 (16) 2,372,819 11,452 *4,349 *39,536 *84,938 592,183 *674,338 966,022 9,007,604 2,558,370 *2,508,114 *50,256 6,449,235 32,116,783 17,432,368 10,846,589 3,837,825 63,484,260 63,339,453 385,053 281,647 103,406 8,370,135 28,781,791 24,941,803 *1,207,047 860,671 144,807 61,937 82,870 75,179,611 8,533,716 58,834,128 2,674,642 214,042 629,054 4,081,021 1,176,037 2,904,984 213,008 *3,322 *209,686 (17) 504,497 4,602 *1 *321 *1,103 *195,464 *169,138 133,869 358,468 *235,122 *235,004 *118 123,346 3,631,998 1,565,490 1,550,557 515,951 6,683,120 6,676,354 5,006 *4,594 413 478,137 2,570,479 3,506,848 *373,339 115,883 6,766 5,002 *1,764 5,654,204 461,630 4,341,906 401,531 37,730 *10,548 361,364 *145,380 *215,983 39,495 *279 *39,217 (19) 79,403 *531 *210 *5,959 *1,489 *11,173 *35,152 *24,889 125,856 *390 *228 *162 125,466 472,140 119,088 *268,656 *84,396 23,229,022 23,210,596 *291,344 *277,030 *14,314 2,140,910 14,562,532 5,559,160 *168,823 656,650 18,426 9,512 *8,913 33,943,832 214,114 33,157,384 52,290 *848 *4,484 508,743 *243,426 *265,317 *5,969 *1 *5,968 77,025 *27 *403 *184 *6,599 *4,977 *53,451 11,384 *14,112 ---*14,112 1,336,708 1,239,989 *64,284 *32,435 499,680 499,461 *13,473 *12,639 *834 *199,940 *9,091 267,928 *1,164 *9,030 *219 *193 *26 666,096 71,251 524,370 17,012 *6,092 *698 44,437 *15,426 29,010 *2,236 *22 *2,213 203 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Gross income (less loss)--Continued Major and selected minor industry of U.S. corporation filing return Rents, royalties, and license fees Service income Other income Oil and gas extraction 4 income Foreign branch 4 income Deductions Definitely allocable deductions Total Total (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..................... Footnotes at end of table. (21) 19,042,809 *240 1,449,263 *65,981 335,900 *1,000 1,046,382 *53,339 57,153 *18,921 *18,121 *20,111 2,908,121 *28,887 *152,089 *2,001 -*9,864 *36,618 -*1,055 *2,753 *4,384 668,492 *567,244 101,248 *5,648 *6,423 *44,926 20,518 233,604 1,078,671 61,131 531,691 *5,201 526,491 *18 21,347 2,299,409 2,099,815 126,146 15,937 110,209 1,973,669 *21,264 *3,766 *1,883,824 *64,815 (22) 142,094,092 *6,916 3,458,166 933,468 1,880,952 *17,504 *626,242 -47,150 18,692 *1,656 *1,725 *15,311 68,504,815 1,350,663 3,245,746 *1,460,240 *59,331 *123,312 *21,668 *469,572 764,779 *10,778 24,311,773 10,474,318 4,733,866 5,740,452 156,549 *22,786 *822,383 1,897,448 2,883,968 12,170,342 5,275,606 3,065,801 2,204,373 861,428 *61,146 1,316,845 4,557,743 3,953,268 1,079,362 *25,122 1,054,240 2,873,906 907,424 *36,692 *105,286 1,824,504 (23) 30,945,555 -815,891 803,213 12,678 -------27,952,946 ---------27,920,233 -------*32,712 -------*863,337 *863,337 ---*863,337 --*863,337 -- (24) 80,847,969 *-3,596 2,137,725 *292,562 543,613 *36,554 *1,264,997 *-213 *35,605 -*8,129 *27,477 17,894,889 *910,476 *1,400,854 *163,959 *1,364 *16,829 *39,627 -*88,382 *1,864 *3,030,895 4,059,751 2,564,409 1,495,342 72,314 *4,497 *337,213 1,071,102 717,591 4,454,351 169,886 1,162,573 *878,977 *283,596 *12,671 342,648 1,477,186 1,116,809 186,012 *25,000 161,012 930,797 *419,455 *4,156 *42,426 464,761 (25) 208,151,787 *61,581 4,088,613 408,810 2,042,250 *20,583 1,616,969 823,289 63,794 *16,831 *18,362 *28,600 73,265,594 1,569,639 3,894,470 *1,489,267 *78,096 289,778 *49,207 *132,261 909,868 *17,470 17,462,990 13,031,524 5,956,032 7,075,492 379,539 145,062 884,814 1,907,531 4,466,776 13,043,975 8,118,300 5,394,441 3,793,084 1,601,357 *61,415 1,428,438 7,513,234 6,546,301 1,216,656 47,234 1,169,423 5,329,645 957,676 *42,884 *2,186,546 2,142,539 (26) 98,242,474 *12 3,378,672 375,825 1,675,528 *9,060 1,318,259 103,620 57,144 *15,156 *15,184 *26,804 37,855,496 973,331 *1,370,568 *884,401 *41,881 *58,176 *42,113 *60,915 307,287 *10,660 15,082,350 4,943,584 1,852,133 3,091,451 76,210 41,504 *261,060 1,339,191 1,741,188 4,732,082 3,622,879 2,524,516 1,548,674 975,843 *37,009 588,992 5,733,329 5,199,617 987,915 34,485 953,430 4,211,702 699,999 *40,415 *2,004,265 1,467,024 204 50,837,026 *5,569 288,227 *210 32,535 *1,100 254,382 *16,196 *13,004 *6,506 *3,283 *3,215 26,348,303 268,557 1,732,094 *493,443 *24,042 *461,147 *30,723 *19,173 724,029 *13,649 509,274 6,839,124 3,935,176 2,903,947 449,905 56,394 *276,156 327,312 1,208,254 8,670,452 1,907,953 2,023,893 1,421,246 602,647 *6,538 799,636 1,468,742 755,538 233,890 *20,371 213,519 521,648 242,350 *5,775 -273,523 204 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Gross income (less loss)--Continued Major and selected minor industry of U.S. corporation filing return Rents, royalties, and license fees Service income Other income Oil and gas extraction income 4 Foreign branch income 4 Deductions Definitely allocable deductions Total Total (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 and telecommunications.............................. Information services and data processing 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) 199,594 *192 -*273 -*1,616 *1,694 *195,818 4,105,128 *80,760 *37,504 *43,256 4,024,368 2,423,435 127,245 930,462 *1,365,727 2,485,113 2,476,095 ---*266,315 *1,148,281 1,043,529 *132,078 *17,971 *9,018 *2,670 *6,348 3,261,610 2,270,451 214,146 476,513 *107,722 *153,791 *33,871 *30,339 *3,533 *5,116 *31 *5,085 (22) 604,475 *947 *22 -*367 228,213 *159,911 215,016 4,276,676 *2,219,621 *2,215,850 *3,771 2,057,056 9,696,994 4,462,805 4,691,759 *542,430 28,000,694 27,944,774 *88,592 *24 *88,568 *5,300,645 8,736,281 13,807,606 *431,791 *11,650 55,920 27,624 *28,296 23,620,545 3,073,054 16,837,579 1,475,414 *13,472 *352,730 1,742,408 *512,817 1,229,591 *125,888 *2,430 *123,458 (23) ------------------------------*1,313,380 -*1,313,380 ---------- (24) 360,378 *947 ---*173,974 *3,083 182,374 *2,717,420 *3,570 -*3,570 *2,713,849 4,549,785 2,672,473 *1,328,670 *548,642 15,121,072 15,079,021 *88,557 -*88,557 *5,102,983 *483,057 9,404,425 *464,240 -*42,051 *7,485 *34,566 36,918,096 4,517,845 30,415,752 281,336 *25,010 *26,118 1,556,518 *494,925 *1,061,593 *95,517 *1,908 *93,610 (25) 966,933 *2,316 *757 *1,573 *2,656 191,717 *267,701 500,214 8,219,749 *2,197,700 *2,177,146 *20,554 6,022,050 18,836,788 8,873,891 7,724,176 2,238,720 43,133,774 43,061,115 *222,450 *207,302 *15,148 7,290,130 19,987,350 15,297,759 *664,719 263,427 72,659 32,865 39,794 52,145,370 6,015,832 41,495,498 1,172,977 138,869 *478,679 2,707,300 *886,268 1,821,031 *136,215 *2,815 *133,400 (26) 533,712 *1,381 *732 *102 *2,585 160,032 *52,061 316,819 7,919,276 *2,108,383 *2,089,841 *18,541 5,810,893 10,130,951 1,637,490 6,910,462 1,583,000 13,695,148 13,656,999 *71,758 *61,292 *10,466 4,455,471 2,760,041 6,259,446 *454,676 110,283 38,150 16,298 21,851 19,368,825 4,840,326 11,388,364 766,669 117,833 *405,021 1,728,626 *709,946 1,018,679 *121,987 *1,643 *120,345 713,204 *2,515 *3,992 *32,983 *81,775 63,608 *233,876 294,455 79,042 *2,927 -*2,927 *76,115 14,612,171 10,650,145 3,061,631 900,394 1,341,221 1,288,587 *103 -*103 *92,002 *748,406 447,477 -*598 52,634 *15,829 36,805 6,664,551 2,312,169 2,712,844 180,598 *44,003 *103,901 1,297,148 *226,625 1,070,523 *13,888 *497 *13,392 205 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions--Continued Major and selected minor industry of U.S. corporation filing return Definitely allocable deductions--Continued Deductions not allocable to specific types of income Depreciation, depletion, and amortization Other expenses Service expenses Other definitely allocable deductions Total Research and development (32) 9,122,373 *348 *26,944 ---*26,944 *54,014 *298 -*144 *154 6,492,490 *11,450 *40,254 *40,055 *11,349 -*1,814 *1,185 *127,128 *2,244 *129,000 2,384,318 1,393,065 991,253 41,988 *8,109 *11,423 50,239 530,939 2,422,536 161,007 444,829 *252,664 *192,164 *2,900 109,777 29,864 29,371 *2,785 -*2,785 26,586 *18,134 --*8,452 (27) 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. (28) 4,183,330 *4 *84,435 *585 74,970 -*8,880 -*465 -*465 -522,569 *45,189 *30,359 --*10,781 (²) *11 *2,345 -*75,427 194,867 *193,476 1,391 *8,066 *5,229 *3,243 *2,383 *7,877 *34,230 *12,500 *42,530 -*42,530 *3 47,530 207,239 165,693 32,742 *15,472 *17,270 132,951 *1,442 *1,520 *959 129,031 (29) 12,853,301 -567,238 *46,734 182,469 *200 *337,835 *14,407 *47,539 *15,128 *14,249 *18,161 1,488,267 ----*5,498 *33,257 *32 *547 *2,753 *3,699 184,327 *160,823 *23,504 -*5,242 *6,899 *21,356 103,346 959,214 *263 *140,482 *3,117 *137,365 *71 *21,281 2,016,902 2,004,959 98,059 *2,787 *95,272 1,906,900 *14,108 *3,444 *1,881,218 *8,130 (30) 80,023,642 *9 2,643,870 309,955 1,418,089 *8,860 *906,965 88,056 *9,133 *28 *467 *8,638 35,556,436 923,135 *1,294,110 *884,401 *41,881 *40,733 *8,856 *60,872 *304,155 *7,906 15,003,223 4,564,390 1,497,834 3,066,555 61,397 *30,999 *99,697 1,301,778 1,628,044 3,738,637 3,609,283 2,282,289 1,545,557 736,732 *36,936 518,116 3,489,483 3,010,776 852,548 *13,146 839,402 2,158,228 684,450 *32,844 *113,394 1,327,541 (31) 109,909,312 *61,569 709,940 *32,985 366,722 *11,523 298,710 719,669 6,649 *1,675 *3,178 *1,796 35,410,098 596,308 *2,523,902 *604,866 *36,216 *231,602 *7,093 *71,346 602,581 *6,811 2,380,641 8,087,940 4,103,899 3,984,041 303,329 103,557 623,754 568,340 2,725,588 8,311,893 4,495,421 2,869,925 2,244,410 625,515 *24,405 839,446 1,779,905 1,346,684 228,741 *12,749 215,992 1,117,943 257,677 *2,470 *182,281 675,515 206 1,182,200 -83,130 *18,551 --*64,579 *1,157 *7 -*3 *4 288,224 *5,008 *46,100 --*1,164 --*240 -----*6,748 *35 *151,222 *13,675 *1,921 -*833 *59,216 -*59,216 -*2,065 19,705 18,188 *4,566 *3,079 *1,487 *13,622 -*2,607 *8,693 *2,322 206 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions--Continued Major and selected minor industry of U.S. corporation filing return Definitely allocable deductions--Continued Deductions not allocable to specific types of income Depreciation, depletion, and amortization Other expenses Service expenses Other definitely allocable deductions Total Research and development (32) *493 ------*493 *22,662 ---*22,662 2,216,287 2,041,746 *35,566 *138,975 *11,964 *11,964 -----*11,964 *6,925 ----267,500 216,564 *68 *44,855 *187 *4,897 *6 -*6 *923 -*923 (27) 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 and telecommunications............................. Information services and data processing 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. (28) 41,546 *1,381 *21 *-4 *2,080 *34,293 *249 *3,526 *16,451 ---*16,451 2,249,483 176,535 *1,976,641 *96,306 357,734 349,834 *2,332 *1,768 *565 *46,504 *213,326 87,639 *372 *32 *7,900 *3,551 *4,350 744,951 550,844 107,946 *19,937 *3,846 *28,606 *12,811 -*12,811 *20,961 -*20,961 (29) *11,943 --*106 -*1,153 *1,694 *8,990 3,885,215 *15,674 *6,718 *8,956 3,869,541 1,896,038 91,632 *648,726 *1,155,680 538,456 534,184 ---*28,827 *264,660 240,686 *96,171 *11 *4,272 *1,412 *2,860 2,399,239 1,671,813 *333,077 281,466 *28,716 *75,644 *3,956 *1 *3,955 *4,567 -*4,567 (30) 478,707 -*711 -*504 123,505 *49,719 304,268 4,016,188 *2,092,403 *2,083,123 *9,279 1,923,785 5,815,364 1,368,895 4,120,738 *325,731 12,426,140 12,409,351 *69,159 *59,524 *9,635 4,367,524 1,971,134 5,891,295 *358,133 *110,239 16,788 *10,124 *6,665 15,978,963 2,612,388 10,709,583 465,171 *85,270 *300,771 1,711,339 *709,946 *1,001,393 *94,441 *1,643 *92,799 (31) 433,221 *935 *25 *1,471 *71 31,685 *215,640 183,394 300,474 *89,317 *87,304 *2,013 211,156 8,705,836 7,236,401 *813,715 655,720 29,438,626 29,404,116 *150,691 *146,009 *4,682 2,834,659 17,227,309 9,038,313 *210,043 *153,144 34,509 *16,567 *17,942 32,776,546 1,175,507 30,107,134 406,308 *21,036 *73,658 978,674 *176,322 *802,352 *14,227 *1,172 *13,056 *1,516 ----*1,082 *399 *35 *1,422 *306 -*306 *1,116 *170,066 *427 *164,357 *5,282 372,819 363,629 *267 -*267 *12,615 *310,920 *39,827 --9,189 *1,212 *7,977 245,671 5,281 *237,758 *94 --*520 -*520 *2,018 -*2,018 207 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions--Continued Deductions not allocable to specific types of income-Taxable income Deductions from Continued (less loss) oil and gas before extraction adjustments 5 Interest Other income Major and selected minor industry of U.S. corporation filing return Adjustments to taxable income Taxable income (less loss) after adjustments (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) 47,638,165 *13,488 356,105 *11,572 191,495 *100 152,938 *20,904 *2,671 -*1,456 *1,216 14,379,356 185,101 *1,316,284 *31,744 *4,690 *97,600 *3,058 *9,394 *332,042 *1,929 865,850 2,981,827 1,602,572 1,379,255 83,381 *12,586 *173,189 198,906 1,166,606 5,201,032 939,068 349,993 *265,589 *84,404 *1,575 455,246 904,715 692,651 150,015 *43 149,973 542,635 *148,541 *2 *47,832 346,260 (35) 9,994,224 -252,910 237,106 15,804 -------9,615,597 ---------9,611,976 -------*3,622 -------*125,717 *125,717 ---*125,717 --*125,717 -- (36) 164,753,343 335,865 2,511,835 650,100 701,504 *48,325 1,111,907 1,441,523 79,139 21,901 8,862 48,376 98,292,466 2,959,926 8,231,442 *4,416,143 *145,491 409,692 *55,715 397,154 1,549,830 60,433 29,573,067 18,703,028 9,523,426 9,179,602 1,220,676 277,090 1,870,802 1,607,865 3,957,708 15,722,129 5,338,140 4,262,251 2,487,087 1,775,164 187,190 1,762,837 4,639,937 3,234,051 459,366 16,594 442,772 2,774,685 930,681 15,527 872,917 955,560 (37) 15,388,618 -160,012 *19,512 126,733 -*13,767 *128,684 *1,287 -*228 *1,059 6,869,888 385,277 *178,172 (²) *24,635 *1,229 *13,469 *17,943 *17,268 *3,133 *6,855 1,144,974 *389,560 755,414 *137,579 *34,151 *83,200 72,364 188,591 4,315,607 85,332 *52,767 *34,550 *18,217 *59,503 47,838 306,594 206,042 21,376 *1,024 20,352 184,665 *111,261 *5,316 *4,701 63,387 (38) 149,364,725 335,865 2,351,823 630,587 574,771 *48,325 1,098,140 1,312,839 77,852 21,901 8,634 47,316 91,422,579 2,574,649 8,053,270 *4,416,143 *120,855 408,463 *42,246 379,212 1,532,562 57,300 29,566,211 17,558,053 9,133,866 8,424,188 1,083,097 242,938 1,787,602 1,535,501 3,769,117 11,406,522 5,252,808 4,209,485 2,452,537 1,756,948 127,687 1,714,999 4,333,343 3,028,009 437,989 15,570 422,419 2,590,020 819,419 10,211 868,216 892,173 208 52,679,130 *47,600 317,804 *17,475 170,078 *11,423 118,828 644,750 *2,540 *784 *1,329 *427 14,395,411 382,795 *1,158,333 *533,068 *20,121 *130,799 *2,221 *60,768 *142,057 *2,638 1,378,725 2,695,679 1,101,362 1,594,317 172,377 *79,267 *438,954 311,995 1,011,126 673,981 3,382,512 2,062,600 1,716,925 345,675 *19,931 268,531 725,807 527,865 45,030 *141 44,888 482,835 *35,759 *190 *134,449 312,438 208 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions--Continued Deductions not allocable to specific types of income-Taxable income Deductions from Continued (less loss) oil and gas before extraction adjustments Interest Other 5 income Major and selected minor industry of U.S. corporation filing return Adjustments to taxable income Taxable income (less loss) after adjustments (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 and telecommunications.............................. Information services and data processing 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) 212,065 -*2 *29 -*2,321 *78,720 *130,992 *84,703 *49,921 *49,921 -*34,782 5,619,694 5,003,617 *230,103 *385,974 14,065,478 14,051,806 *13,473 *13,473 -*1,709,316 5,085,328 7,206,526 *10,283 *37,163 *13,672 *12,755 *916 12,191,049 668,146 10,836,764 193,455 *4,240 *22,243 *463,590 *32,617 *430,973 *2,612 *907 *1,705 (35) ------------------------------------------- (36) 1,405,886 9,137 *3,592 *37,963 *82,282 400,467 *406,637 465,809 787,855 360,670 *330,968 *29,702 427,185 13,279,995 8,558,477 3,122,413 1,599,105 20,350,486 20,278,338 162,603 74,345 88,258 1,080,005 8,794,440 9,644,044 *542,329 597,245 72,149 29,072 43,076 23,034,241 2,517,884 17,338,629 1,501,665 75,173 150,375 1,373,721 289,769 1,083,952 76,794 *508 *76,285 (37) 100,552 *800 --*49,791 *24,030 -*25,930 37,152 *24,737 *10,067 *14,670 *12,415 263,658 156,844 *20,474 *86,340 6,069,796 6,057,307 ---*120 *3,341,505 2,707,682 *87,734 *8,000 *12,489 *3,191 *9,297 1,551,547 324,056 1,012,905 *147,833 *12,630 *2,252 *51,691 *38,525 *13,166 *181 -*181 (38) 1,305,334 8,337 *3,592 *37,963 *32,491 376,436 *406,637 439,878 750,703 335,933 *320,901 *15,032 414,770 13,016,337 8,401,633 3,101,939 1,512,765 14,280,690 14,221,030 162,603 74,345 88,258 1,079,885 5,452,936 6,936,362 *454,595 589,245 59,660 25,881 33,779 21,482,694 2,193,828 16,325,724 1,353,832 62,544 148,123 1,322,030 251,244 1,070,786 76,613 *508 *76,105 197,942 *935 *15 *1,442 -*11,116 *136,920 *47,514 190,160 *39,177 *37,383 *1,795 150,983 819,888 143,043 *546,073 130,771 15,324,583 15,307,556 *137,218 *132,537 *4,682 *1,123,769 12,132,573 1,798,794 *192,836 *115,201 *17,027 *3,793 *13,234 20,210,586 259,910 19,235,127 164,212 *14,993 *17,858 *509,343 *141,132 *368,211 *9,144 *4 *9,140 209 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit Major and selected minor industry of U.S. corporation filing return Total Reduction for certain foreign taxes Carryover Total paid, accrued, and deemed paid Paid or accrued 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) 2,895,223 -178,942 *131,746 42,010 *5,184 *2 -----2,569,819 -*408 -------*2,567,369 ---*15 -*1,918 -*95 -*14 -----*129,538 *129,538 *300 -*300 *129,238 --*129,121 *117 (41) 12,900,280 *144 771,569 198,459 456,744 *61,998 *54,368 *233,930 3,373 *1,384 *167 *1,822 8,383,054 192,826 *16,663 *544 *1,327 *153,698 *2,302 *1,426 *124,187 *1,229 5,127,852 1,225,144 173,266 1,051,878 43,410 *61,981 *88,142 221,998 290,410 547,230 56,890 145,922 *70,022 *75,901 *6,411 74,007 532,133 515,964 23,050 *1,799 21,251 492,914 161,449 *58 *277,661 53,747 (42) 44,505,156 107,431 911,811 228,643 330450 *16,199 336,519 323,139 19,361 5,208 3,334 10,818 30,038,255 981,236 2,488,315 *1,504,927 *42,739 37,552 *10,521 52,090 410,344 19,991 12,696,851 4,813,945 2,329,887 2,484,058 358,679 62,985 594,879 533,461 1,301,369 3,153,463 1,036,332 952,157 486,320 465,837 69,477 421,868 1,282,789 907,977 88,793 3,495 85,298 819,184 266,861 4,991 299,636 247,696 (43) 17,161,245 847 593,716 224,311 219,657 *4,742 145,006 18,433 7,032 2,483 2,458 2,092 9,523,835 140,019 658,438 *285,857 *3,256 19,942 *4,247 51,921 120,804 1,682 5,064,260 1,336,493 794,662 541,832 44,730 9,700 109,980 178,710 290,924 808,352 231,134 324,291 202,452 121,838 3,569 121,384 317,507 214,341 50,009 3,495 46,514 164,333 61,311 *2,001 12,698 88,322 (44) 1,426,868 127 12,705 *32 10,308 *384 *1,981 *5,798 831 264 62 *505 1,101,403 42,492 *352,087 *266,211 *2,719 *1,904 *84 *36 *6,256 *811 94,705 262,752 157,834 104,918 16,753 4,349 *14,518 19,105 47,578 119,139 15,906 69,093 32,586 36,507 *2,480 28,636 39,144 26,061 2,278 25 2,253 23,783 *12,990 -*1,176 9,617 210 54,510,213 107,576 1,504,438 295,356 745,184 *73,013 390,884 557,069 22,733 6,592 3,502 12,640 35,851,490 1,174,062 2,504,570 *1,505,471 *44,066 191,249 *12,824 53,516 534,531 21,221 15,257,333 6,039,089 2,503,153 3,535,936 402,074 124,967 681,104 755,459 1,591,683 3,700,694 1,093,208 1,098,079 556,342 541,737 75,888 495,874 1,685,383 1,294,403 111,542 5,294 106,248 1,182,861 428,310 5,049 448,175 301,326 210 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit Major and selected minor industry of U.S. corporation filing return Total Reduction for certain foreign taxes Carryover Total paid, accrued, and deemed paid Paid or accrued 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 and telecommunications............................. Information services and data processing 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) -------------*540 *540 --*323 *323 -----*323 -----*16,060 -*16,060 ---------- (41) 16,169 *1,799 -*440 *52 *1,105 *1,167 *11,607 28,807 *13,761 *11,855 *1,906 15,045 879,959 455,376 *354,421 *70,162 980,790 968,157 *1,193 *1,193 (²) *76,868 835,920 47,843 *16,351 *6,333 12,633 12,489 *144 1,086,522 252,454 395,759 204,519 *9,733 *1,141 215,176 *92,451 122,726 *7,740 *17 *7,723 (42) 374,812 3,591 *488 *10,045 *9,657 121,644 *98,710 130,678 123,043 38,763 *34,163 *4,601 84,280 2,671,044 1,560,612 618,606 491,826 3,989,308 3,978,012 38,149 14,868 23,281 289,203 1,803,039 1,651,711 *142,776 195,910 11,296 7,023 4,273 5,038,974 429,656 3,971,638 184,010 16,496 34,842 374,384 43,398 330,986 27,949 *162 *27,787 (43) 103,165 926 *363 *10,045 *9,453 29,534 *24,143 28,703 60,609 19,214 *14,636 *4,578 41,395 1,391,000 1,053,017 275,084 62,899 2,244,226 2,234,973 38,141 14,868 23,273 197,085 787,227 1,074,529 *41,761 137,991 9,253 5,724 3,529 3,004,039 227,358 2,401,303 95,715 6,228 31,241 236,897 25,947 210,949 5,297 *78 *5,219 (44) 13,083 305 -*4,556 *12 *1,463 *1,163 *5,584 4,694 *329 *329 -4,366 53,408 30,281 *13,285 *9,842 78,339 77,974 179 *136 43 *12,010 7,049 53,077 *6,994 5,658 365 322 *43 130,418 12,158 92,915 6,339 *289 *375 16,769 *654 *16,115 *1,573 (²) *1,572 390,980 5,389 *488 *10,485 *9,708 122,749 *99,877 142,285 151,850 52,525 *46,018 *6,507 99,325 3,550,463 2,015,448 973,027 561,988 4,969,775 4,945,846 39,342 16,062 23,281 366,071 2,638,960 1,699,231 *159,127 202,242 23,929 19,513 4,416 6,109,436 682,111 4,351,337 388,528 26,228 35,983 589,560 135,849 453,712 35,689 *179 *35,510 211 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit--Continued Major and selected minor industry of U.S. corporation filing return Taxes withheld--Continued Paid or accrued--Continued Other taxes paid or accrued on-Taxes deemed Specifically paid allocable Rents, Service income royalties, and Branch income Other income income license fees (section 863(b)) (46) (47) (48) (49) (50) (51) 2,327,460 *519 6,768 *290 1,328 -*5,149 *935 *1,700 *330 *1,275 *94 1,364,609 28,658 83,421 *15,004 *270 *13,787 *2,766 *244 *46,054 *574 *39,397 414,750 248,154 166,595 19,260 3,778 *19,599 10,172 49,732 473,629 17,517 98,114 70,623 27,491 *259 42,628 111,326 63,519 21,615 *1,969 19,645 41,904 19,366 *578 -21,961 5,474,925 -183,266 *20,019 57,466 *64 *105,717 *460 *741 -*94 *647 2,009,795 *53,977 *197,955 *1,781 *226 *2,756 *344 -*51,251 *1 *797,378 431,077 274,650 156,426 *3,052 *647 *52,764 69,672 98,150 167,466 8,948 43,334 *35,423 7,911 *179 30,619 104,028 75,785 17,229 *627 *16,602 58,556 *24,648 *53 *7,554 26,302 50,127 -*10,271 -10,266 -*5 -----28,396 ----------*416 *383 *33 ---*807 *2,484 *215 *3,796 *20,665 -*20,665 -*14 *5,936 *5,487 *33 *33 -*5,455 *1,206 --*4,249 288,060 -*10,240 *914 1,833 -*7,493 *2,045 2,963 *1,463 *709 *791 50,692 *1,700 *1,611 *1,275 -*216 *513 -*28 -*931 18,285 *6,440 *11,846 -*133 *4,953 *91 4,742 10,345 *1,094 *4,250 *361 *3,889 *3 *1,795 4,178 3,729 1,382 *307 1,075 2,347 *805 *241 *932 *369 6,883,424 *185 361,685 202,353 131,646 *3,766 *23,919 *5,616 483 *173 *292 *18 4,811,376 8,363 *20,898 *1,586 -*827 *454 *50,762 *16,920 -*4,093,325 178,670 100,380 78,290 *4,575 *39 *15,234 76,979 70,614 33,836 161,153 66,361 *46,545 *19,816 -12,368 37,490 27,446 1,958 *319 1,639 25,488 *1,138 *943 *550 22,857 27,343,911 *106,584 318,094 *4,332 110,793 *11,457 191,512 *304,706 12,328 *2,725 *877 *8,726 20,514,420 841,217 *1,829,877 *1,219,070 *39,483 *17,610 *6,275 *169 *289,541 *18,309 7,632,591 3,477,452 1,535,225 1,942,227 313,949 53,285 *484,899 354,751 1,010,445 2,345,111 805,198 627,866 283,868 343,998 *65,908 300,484 965,282 693,636 38,784 -38,784 654,852 205,550 *2,990 *286,938 159,375 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. 212 710,381 *15 8,782 *703 6,810 *528 *742 *3,579 *314 *252 *25 *37 157,563 4,829 *2,466 -*41 *451 *85 *879 *296 *297 38,525 30,543 6,820 23,723 1,091 *754 *2,913 1,883 17,624 3,722 22,720 22,474 16,914 *5,560 *648 5,323 15,404 12,314 5,515 215 5,299 6,800 *1,159 *188 *2,486 2,967 212 Corporate Foreign Tax Credit, 2001 Table 1.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Total Assets, Income, Taxes, and Credits, and Foreign Income, Taxes, and Credit, by Major and Selected Minor Industry --Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit--Continued Major and selected minor industry of U.S. corporation filing return Taxes withheld--Continued Paid or accrued--Continued Other taxes paid or accrued on-Taxes deemed Specifically paid Rents, allocable Service royalties, and Branch income Other income income income license fees (section 863(b)) (46) (47) (48) (49) (50) (51) 47,807 *232 *341 *5,210 *8,838 3,441 *20,877 8,867 5,137 *144 -*144 *4,993 605,375 456,528 125,345 23,502 39,863 37,584 *26 -*26 *33,121 *1,925 *2,303 -*209 2,279 *535 1,744 191,228 42,154 32,868 8,470 *4,110 *5,066 96,959 *5,017 91,942 *1,601 *55 *1,546 28,243 *307 ---*24,198 *1,034 *2,705 *25,829 *951 -*951 *24,878 478,556 416,225 *55,628 *6,703 888,060 887,196 *23,127 -*23,127 *135,881 *46,525 681,663 *29,604 -*864 *864 -1,784,189 105,264 1,558,726 16,345 *1,081 *33 *101,221 *15,197 *86,024 *1,519 -*1,519 *448 -----*448 ------*2,675 *2,675 --*566 *491 -----*491 --*75 -*75 *2,282 *2,282 ----------*449 *28 -*42 -*11 *137 *231 17,770 *14,758 *11,291 *3,467 *3,011 29,347 *5,808 *6,194 *17,345 52,134 51,464 ---*1,849 *4,806 5,906 *604 *38,903 *670 *81 *589 118,691 35,795 *15,379 *54,423 *420 *11,012 *1,659 *1,514 *145 *3 *3 -10,044 *1 --(²) *260 *226 *9,557 *3,740 *3,013 *3,013 -*727 201,556 137,372 *63,864 *319 1,035,200 1,032,121 *1 *1 *1 *7,692 722,324 300,868 *4,171 *1,236 3,078 3,075 *3 426,094 27,399 371,638 *8,569 *269 *14,527 *3,672 *2,791 *881 *20 *20 -271,646 *2,665 *125 -*204 *92,110 *74,567 *101,975 62,434 *19,550 *19,527 *23 42,885 1,280,044 507,596 *343,522 428,927 1,745,082 1,743,039 *8 -*8 *92,118 1,015,812 577,183 *101,015 *57,919 *2,043 *1,299 *744 2,034,935 202,298 1,570,335 88,295 *10,268 *3,601 137,487 *17,451 *120,036 *22,652 *84 *22,568 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 and telecommunications.............................. Information services and data processing 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. 3,090 *53 *21 *236 *603 *161 *257 *1,759 3,439 *19 *3 *16 3,420 20,082 4,127 *10,767 *5,189 150,065 148,142 *14,808 *14,732 *76 *6,533 4,598 30,220 *388 91,983 1,922 847 *1,075 351,137 2,307 329,777 1,568 *60 *227 16,617 *774 *15,843 *581 -*581 213 Corporate Foreign Tax Credit, 2001 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 Less than $500. ³ 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. 4 5 Included in gross income (less loss), columns 16-22. See notes below. Included in deductions, columns 25-34. See notes below. NOTES: Detail may not add to totals because of rounding. Columns 2 through 15 present statistics on assets, receipts, income, and taxes reported on 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 45 through 51 (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). 214 214 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes Gross income (less loss) Industrial sector and type of foreign income for which separate credit was computed Number of returns Total Dividends Foreign dividend income from foreign taxes deemed paid (1) ALL INDUSTRIES All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... AGRICULTURE, FORESTRY, FISHING, AND HUNTING All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... MINING All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... UTILITIES All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from a IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... Footnotes at end of table. Interest (2) 372,905,130 8,745,026 1,663,746 120,915,327 7,817,744 4,089,815 ** ** 1,385,050 227,638,855 185,706 456,869 397,447 79,225 ** ** ** ** ---*308,217 --6,600,448 163,350 *35,582 ** ** *115,706 ---6,282,153 ** -2,264,812 233,630 ** *4,636 -*132,638 ---1,880,882 -** (3) 65,166,156 4,482,550 57,265 9,927,206 507,964 2,915,856 ** ** 1,385,050 45,846,007 *9,894 34,314 277,548 *78,567 ** ** ** ** ---*197,342 --804,919 90,088 *140 ** ** *83,508 ---627,042 ** -1,468,185 241,338 ** *1,546 -*69,726 ---*1,143,898 -** (gross-up) (4) 27,329,970 387,763 22,964 2,560,025 63,119 1,057,371 ** ** -23,231,314 *23 *7,391 *106,584 *5 ** ** ** ** ---*106,579 --317,782 *12,402 *385 ** ** *32,477 ---272,518 ** -*304,683 *9,413 ** --*35,951 ---*259,271 -** (5) 68,435,076 3,177,052 1,583,517 57,324,078 104,050 78,619 ** ** -6,166,768 *851 *141 *589 *32 ** ** ** ** ---*424 --282,091 17,150 *35,057 ** ** ----229,884 ** -*469,559 *43,700 ** *3,090 -*26,938 ---*394,531 -** 5,478 2,325 232 299 38 425 ** ** 39 3,131 18 16 331 116 ** ** ** ** ---215 --131 38 7 ** ** 8 ---119 ** -15 14 ** 4 -6 ---11 -** 215 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes Gross income (less loss) Industrial sector and type of foreign income for which separate credit was computed Number of returns Total Dividends Foreign dividend income from foreign taxes deemed paid (1) CONSTRUCTION All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... MANUFACTURING All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... WHOLESALE AND RETAIL TRADE All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... TRANSPORTATION AND WAREHOUSING All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... Footnotes at end of table. Interest (2) 235 113 ** ** -4 ---123 --142,932 15,648 ** ** -*9,106 ---117,910 --- (3) 26,034 398 ** ** -*7,541 ---18,093 --- (gross-up) (4) 12,328 *5 ** ** -*1,565 ---*10,758 --- (5) 15,721 *15,040 ** ** -----*414 --- 216 911 394 49 52 17 141 ** ** 29 717 12 11 171,558,061 5,632,025 287,218 6,179,296 2,174,619 1,645,170 ** ** 1,029,137 154,151,747 8,110 444,946 43,841,171 2,610,083 *49,061 1,494,328 *246,854 1,063,869 ** ** 1,029,137 37,319,352 *5,994 *22,446 20,500,476 234,327 *21,338 65,756 *39,288 511,905 ** ** -19,620,501 *23 *7,338 9,455,174 2,387,287 216,819 2,588,504 *28,490 35,915 ** ** -4,197,180 *837 *141 586 173 41 6 ** 32 -** -432 ** ** 12,153,171 479,053 39,164 *250,045 ** 86,593 -** -11,280,673 ** ** 2,420,508 235,122 *1,585 *56,049 ** 59,217 -** -2,054,512 ** ** 965,677 41,216 4 ( ) *32,603 ** 26,421 -** -863,016 ** ** 441,092 93,105 37,578 *132,303 ** *58 -** -178,045 ** ** 216 78 40 9 ** 10 ** ---36 --- 9,007,604 32,902 *17,124 ** 4,652,221 ** ---4,258,841 --- 358,468 19,054 4 ( ) ** *194,376 ** ---144,864 --- 62,434 *2,271 -** *21,411 ** ---38,604 --- 125,856 *5,167 *17,124 ** *63,617 ** ---*38,214 --- Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes Gross income (less loss) Industrial sector and type of foreign income for which separate credit was computed Number of returns Total Dividends Foreign dividend income from foreign taxes deemed paid (1) INFORMATION All income types........................................................................................ Passive income......................................................................................... High withholding tax interest..................................................................... Financial services income......................................................................... Shipping income........................................................................................ Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ²................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty....................................................................... FINANCE, INSURANCE, REAL ESTATE, AND RENTAL AND LEASING All income types........................................................................................ Passive income......................................................................................... High withholding tax interest..................................................................... Financial services income......................................................................... Shipping income........................................................................................ Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ²................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty....................................................................... SERVICES All income types........................................................................................ Passive income......................................................................................... High withholding tax interest..................................................................... Financial services income......................................................................... Shipping income........................................................................................ Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ²................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty....................................................................... Footnotes at end of table. Interest (2) (3) (gross-up) (4) (5) 299 137 6 4 3 14 --5 188 ** ** 32,116,783 824,894 *2,201 *66,056 *325,755 1,497,297 --*216,420 29,137,239 ** ** 3,631,998 505,397 --*22,573 1,192,549 --*216,420 1,694,880 ** ** 1,280,046 48,737 --*4 302,763 ---928,542 ** ** 472,140 196,502 *2,201 *135 *10,419 *10 ---262,859 ** ** 958 509 65 144 ** 88 ** --235 --1,934 792 51 84 ** 128 ** -5 1,055 ** ** 63,484,260 909,052 217,349 59,774,464 ** 75,886 ** --1,884,531 --75,179,611 375,246 1,063,406 54,593,273 ** 525,068 ** -*139,493 18,336,664 ** ** 6,683,120 499,871 *5,069 5,854,778 ** 63,206 ** --230,566 --5,654,204 202,632 *1,410 2,519,140 ** 376,069 ** -*139,493 2,415,458 ** ** 1,745,090 9,400 *312 1,659,622 ** 12,396 ** --63,361 --2,034,869 29,987 *929 802,044 ** 133,745 ** --1,068,164 ** ** 23,229,022 359,789 211,969 22,568,936 ** *438 ** --86,371 --33,943,832 59,281 1,061,067 32,029,376 ** *15,261 ** --778,847 ** ** 217 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Gross income (less loss)--Continued Industrial sector and type of foreign income for which separate credit was computed Rents, royalties, and license fees (6) ALL INDUSTRIES All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. AGRICULTURE, FORESTRY, FISHING, AND HUNTING All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. MINING All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. UTILITIES All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. 50,837,026 279,080 -4,027,523 1,389,656 *1,595 ** ** -45,136,505 *2,667 -*5,569 *306 ** ** ** ** ---*5,263 --288,227 *1,929 -** ** ----286,298 ** -*16,196 -** ------*16,196 -** Service income (7) 19,042,809 *2,797 -2,222,950 *105,128 *547 ** ** -16,707,906 -*2,285 *240 -** ** ** ** ---*240 --1,449,263 --** ** ----1,449,263 ** -*53,339 -** ------*53,339 -** Other income (8) 142,094,092 415,783 4 ( ) 44,853,545 5,647,827 35,828 ** ** -90,550,354 172,271 *412,738 *6,916 *315 ** ** ** ** ---*-1,630 --3,458,166 *41,780 -** ** *-279 ---3,417,149 ** --47,150 *-60,821 ** --*24 ---*13,646 -** Oil and gas extraction income ³ (9) 30,945,555 -----** ** -30,945,555 ----** ** ** ** ------815,891 --** ** ----815,891 ** ---** --------** Foreign branch income ³ (10) 80,847,969 162,316 *2,703 45,540,925 *1,214,951 *625 ** ** -33,922,422 -*4,027 *-3,596 -** ** ** ** ---*-3,596 --2,137,725 *3,145 -** ** *124 ---2,134,456 ** -*-213 -** ------*-213 -** 4 218 218 Footnotes at end of table. Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Gross income (less loss)--Continued Industrial sector and type of foreign income for which separate credit was computed Rents, royalties, and license fees (6) CONSTRUCTION All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. MANUFACTURING All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. WHOLESALE AND RETAIL TRADE All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. TRANSPORTATION AND WAREHOUSING All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. Footnotes at end of table. Service income (7) 57,153 -** ** -----57,153 --- Other income (8) 18,692 *181 ** ** -----18,511 --- Oil and gas extraction income ³ (9) --** ** --------- Foreign branch income ³ (10) *35,605 -** ** -----*35,605 --- *13,004 *23 ** ** -----*12,981 --- 26,348,303 116,918 -*995,810 *560,814 *1,594 ** ** -24,670,501 *2,667 -- 2,908,121 *13 -*1,483 *1 *547 ** ** -2,903,795 -*2,283 68,504,815 283,397 -1,033,415 *1,299,172 31,340 ** ** -65,440,418 *-1,411 *412,738 27,952,946 -----** ** -27,952,946 --- 17,894,889 126,954 *56 *131,343 *9,438 -** ** -17,623,071 -*4,027 1,468,742 55,372 --** *1 -** -1,413,369 ** ** 2,299,409 ---** --** -2,298,213 ** ** 4,557,743 54,239 -*29,090 ** *895 -** -4,473,519 ** ** *863,337 ---** --** -*863,337 ** ** 1,477,186 *12,754 *888 *4,625 ** *86 -** -1,458,833 ** ** 79,042 --** *59,995 ** ---*19,047 --- 4,105,128 *1,253 -** *104,699 ** ---3,954,716 --- 4,276,676 *5,157 -** *4,208,123 ** ---63,397 --- ---** -** ------- *2,717,420 *5,036 -** *1,205,513 ** ---*1,506,871 --- 219 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Gross income (less loss)--Continued Industrial sector and type of foreign income for which separate credit was computed Rents, royalties, and license fees (6) INFORMATION All income types................................................................................................... Passive income.................................................................................................... High withholding tax interest................................................................................ Financial services income.................................................................................... Shipping income................................................................................................... Dividends from each noncontrolled section 902 corporation................................ Dividends from an IC-DISC or former DISC ¹....................................................... Miscellaneous separately calculated limitation..................................................... Distributions from a FSC or former FSC ²............................................................ General limitation income..................................................................................... Section 901(j) income.......................................................................................... Income resourced by treaty.................................................................................. FINANCE, INSURANCE, REAL ESTATE, AND RENTAL AND LEASING All income types................................................................................................... Passive income.................................................................................................... High withholding tax interest................................................................................ Financial services income.................................................................................... Shipping income................................................................................................... Dividends from each noncontrolled section 902 corporation................................ Dividends from an IC-DISC or former DISC ¹....................................................... Miscellaneous separately calculated limitation..................................................... Distributions from a FSC or former FSC ²............................................................ General limitation income..................................................................................... Section 901(j) income.......................................................................................... Income resourced by treaty.................................................................................. SERVICES All income types................................................................................................... Passive income.................................................................................................... High withholding tax interest................................................................................ Financial services income.................................................................................... Shipping income................................................................................................... Dividends from each noncontrolled section 902 corporation................................ Dividends from an IC-DISC or former DISC ¹....................................................... Miscellaneous separately calculated limitation..................................................... Distributions from a FSC or former FSC ²............................................................ General limitation income..................................................................................... Section 901(j) income.......................................................................................... Income resourced by treaty.................................................................................. Footnotes at end of table. Service income (7) Other income (8) Oil and gas extraction income ³ (9) Foreign branch income ³ (10) 14,612,171 43,742 -*63,929 *177,055 ----14,327,445 ** ** 2,423,435 *1,531 -*1 -----2,421,902 ** ** 9,696,994 28,985 -*1,990 *115,704 *1,975 ---9,501,611 ** ** ----------** ** 4,549,785 *1,750 -------4,548,035 ** ** 220 1,341,221 *5,467 -616,589 ** -** --127,373 --6,664,551 55,322 -2,351,196 ** -** --4,258,033 ** ** 2,485,113 --2,047,012 ** -** --438,102 --3,261,610 --*129,994 ** -** --3,131,185 ** ** 28,000,694 34,526 4 ( ) 27,027,527 ** *-153 ** --938,759 --23,620,545 28,024 -16,761,523 ** *-6 ** --6,684,976 ** ** 4 ----** -** -----*1,313,380 ---** -** --*1,313,380 ** ** 15,121,072 *3,926 -14,997,666 ** *415 ** --119,065 --36,918,096 *8,751 *1,759 30,407,290 ** -** --6,500,296 ** ** 220 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions Industrial sector and type of foreign income for which separate credit was computed Total (11) ALL INDUSTRIES All income types....................................................................................... 208,151,787 Passive income........................................................................................ 2,343,539 High withholding tax interest.................................................................... 747,673 Financial services income........................................................................ 86,549,706 Shipping income...................................................................................... 6,917,755 747,932 Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... ** ** Miscellaneous separately calculated limitation........................................ 1,288,280 Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ 109,468,017 27,837 Section 901(j) income.............................................................................. 56,475 Income resourced by treaty...................................................................... AGRICULTURE, FORESTRY, FISHING, AND HUNTING All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... MINING All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... UTILITIES All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... Footnotes at end of table. Deductions allocable to specific types of income Depreciation, Total (12) 98,242,474 475,135 114,983 26,163,983 6,425,661 57,236 ** ** 1,286,653 63,667,428 *18,702 *31,452 *12 *11 ** ** ** ** ---*1 --3,378,672 11,781 *3,638 ** ** *7,677 ---3,354,175 ** -103,620 *4,294 ** *140 -*572 ---*98,518 -** depletion, and amortization (13) 1,182,200 *12,389 *409 310,365 *354,048 *3 ** ** -504,987 ----** ** ** ** ------83,130 *481 -** ** ----82,649 ** -*1,157 -** ------*1,157 -** Other expenses (14) 4,183,330 70,769 *2,341 219,332 *197,066 *1,524 ** ** -3,692,298 --*4 *4 ** ** ** ** ------*84,435 --** ** ----*84,435 ** ---** --------** Service expenses (15) 12,853,301 *3,163 *708 518,835 *73,991 *555 ** ** -12,256,049 ----** ** ** ** ------567,238 *683 *708 ** ** ----565,846 ** -*14,407 -** ------*14,407 -** Other definitely allocable deductions (16) 80,023,642 388,814 111,524 25,115,451 5,800,555 55,155 ** ** 1,286,653 47,214,095 *18,702 *31,452 *9 *8 ** ** ** ** ---*1 --2,643,870 *10,617 *2,929 ** ** *7,677 ---2,621,245 ** -88,056 *4,294 ** *140 -*572 ---*82,954 -** *61,581 *7,569 ** ** ** ** ---*52,074 --4,088,613 25,748 *9,605 ** ** *9,525 ---4,041,952 ** -823,289 *61,706 ** *3,396 -*68,764 ---688,798 -** 221 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions Industrial sector and type of foreign income for which separate credit was computed Total (11) CONSTRUCTION All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... MANUFACTURING All income types....................................................................................... 73,265,594 Passive income........................................................................................ 1,784,976 86,628 High withholding tax interest.................................................................... 4,632,062 Financial services income........................................................................ Shipping income...................................................................................... 1,974,544 335,021 Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... ** ** Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ 1,029,137 General limitation income........................................................................ 63,355,335 *8,825 Section 901(j) income.............................................................................. 54,631 Income resourced by treaty...................................................................... WHOLESALE AND RETAIL TRADE All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... TRANSPORTATION AND WAREHOUSING All income types....................................................................................... Passive income........................................................................................ High withholding tax interest.................................................................... Financial services income........................................................................ Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation........................................ Distributions from a FSC or former FSC ²................................................ General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty...................................................................... Footnotes at end of table. Deductions allocable to specific types of income Depreciation, Total (12) 57,144 *28 ** ** -----57,117 --depletion, and amortization (13) *7 -** ** -----*7 --Other expenses (14) *465 -** ** -----*465 --Service expenses (15) *47,539 -** ** -----*47,539 --Other definitely allocable deductions (16) *9,133 *28 ** ** -----*9,105 --- 63,794 *932 ** ** -*31 ---62,831 --- 222 37,855,496 320,755 *30,439 2,273,014 1,815,157 35,751 ** ** 1,029,137 32,317,610 *1,015 *31,376 288,224 *8,278 -*37,769 *8,214 -** ** -233,962 --- 522,569 3,181 -*196 *26 *1,260 ** ** -517,906 --- 1,488,267 *32 -*536 *1 *555 ** ** -1,487,144 --- 35,556,436 309,265 *30,439 2,234,513 1,806,916 33,936 ** ** 1,029,137 30,078,598 *1,015 *31,376 7,513,234 94,289 17,425 *94,341 ** 18,095 -** -7,284,894 ** ** 5,733,329 19,999 *44 *9,077 ** *2,822 -** -5,700,349 ** ** 19,705 *1,387 --** *3 -** -18,315 ** ** 207,239 *3,081 --** *22 -** -204,135 ** ** 2,016,902 *40 --** --** -2,016,862 ** ** 3,489,483 15,490 *44 *9,077 ** *2,797 -** -3,461,037 ** ** 222 8,219,749 *8,480 *8,204 ** *4,186,900 ** ---3,965,162 --- 7,919,276 *4,701 4 ( ) ** *4,032,011 ** ---3,833,741 --- *1,422 --** -** ---*1,422 --- *16,451 4 ( ) 4 ( ) ** -** ---*16,450 --- 3,885,215 *361 -** *73,991 ** ---3,762,031 --- 4,016,188 *4,340 -** *3,958,020 ** ---53,837 --- Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions Industrial sector and type of foreign income for which separate credit was computed Total (11) INFORMATION All income types........................................................................................ Passive income......................................................................................... High withholding tax interest..................................................................... Financial services income......................................................................... Shipping income........................................................................................ Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ²................................................. General limitation income.......................................................................... Section 901(j) income............................................................................... Income resourced by treaty....................................................................... FINANCE, INSURANCE, REAL ESTATE, AND RENTAL AND LEASING All income types........................................................................................ Passive income......................................................................................... High withholding tax interest..................................................................... Financial services income......................................................................... Shipping income........................................................................................ Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ²................................................. General limitation income.......................................................................... Section 901(j) income............................................................................... Income resourced by treaty....................................................................... SERVICES All income types........................................................................................ Passive income......................................................................................... High withholding tax interest..................................................................... Financial services income......................................................................... Shipping income........................................................................................ Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ²................................................. General limitation income.......................................................................... Section 901(j) income............................................................................... Income resourced by treaty....................................................................... Footnotes at end of table. Deductions allocable to specific types of income Depreciation, Total (12) depletion, and amortization (13) Other expenses (14) Service expenses (15) Other definitely allocable deductions (16) 18,836,788 159,035 *641 *121,597 *105,366 167,041 --*216,420 18,066,165 ** ** 10,130,951 73,001 -*121,433 *63,742 *344 --*216,420 9,655,990 ** ** *170,066 ---*34,913 ----*135,153 ** ** 2,249,483 *54,158 --*19,400 ----2,175,925 ** ** 1,896,038 *1,522 -------1,894,516 ** ** 5,815,364 *17,321 -*121,433 *9,429 *344 --*216,420 5,450,396 ** ** 43,133,774 168,342 192,166 41,030,765 ** 22,916 ** --1,098,687 --52,145,370 32,461 432,434 40,616,473 ** 126,034 ** -*42,723 10,852,119 ** ** 13,695,148 18,145 25,532 12,698,424 ** *2,818 ** --461,669 --19,368,825 22,419 55,288 11,013,073 ** 7,251 ** -*41,096 8,188,259 ** ** 372,819 -*409 *43,372 ** -** --18,117 --245,671 *2,243 -*229,223 ** -** --14,205 ** ** 357,734 3,935 *2,298 *114,907 ** *32 ** --58,922 --744,951 *6,411 *43 *104,230 ** *209 ** --634,059 ** ** 538,456 *506 -393,325 ** -** --144,625 --2,399,239 *19 -*76,142 ** -** --2,323,078 ** ** 12,426,140 13,704 22,824 12,146,821 ** *2,786 ** --240,005 --15,978,963 13,747 55,246 10,603,478 ** 7,042 ** -*41,096 5,216,916 ** ** 223 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions--Continued Industrial sector and type of foreign income for which separate credit was computed Total (17) ALL INDUSTRIES All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. AGRICULTURE, FORESTRY, FISHING, AND HUNTING All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. MINING All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. UTILITIES All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. Footnotes at end of table. Deductions not allocable to specific types of income Research and development (18) 9,122,373 110,194 *277 16,160 *13,722 17,184 ** ** -8,962,737 *155 *1,944 *348 -** ** ** ** ---*348 --*26,944 *281 *52 ** ** ----*26,611 ** -*54,014 *61 ** --*1 ---*53,950 -** Interest (19) 52,679,130 1,363,577 576,113 36,046,268 399,547 578,448 ** ** -13,691,571 *8,394 *15,213 *47,600 *5,302 ** ** ** ** ---*40,596 --317,804 *5,489 *5,754 ** ** *241 ---305,921 ** -644,750 *54,537 ** *2,767 -*67,581 ---519,340 -** Other (20) 47,638,165 378,442 52,959 24,298,917 78,825 91,528 ** ** *1,627 22,727,413 *587 *7,866 *13,488 *2,248 ** ** ** ** ---*11,003 --356,105 *8,166 *161 ** ** *1,605 ---346,190 ** -*20,904 *2,813 ** *490 -*611 ---*16,990 -** Deductions from oil and gas extraction income (21) 5 109,909,312 1,868,404 632,690 60,385,722 492,094 690,695 ** ** *1,627 45,800,588 9,136 25,022 *61,569 *7,558 ** ** ** ** ---*52,073 --709,940 13,967 *5,967 ** ** *1,848 ---687,777 ** -719,669 *57,412 ** *3,257 -*68,192 ---590,280 -** 9,994,224 -----** ** -9,994,224 ----** ** ** ** ------252,910 --** ** ----252,910 ** ---** --------** 224 224 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions--Continued Industrial sector and type of foreign income for which separate credit was computed Total (17) CONSTRUCTION All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. MANUFACTURING All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. WHOLESALE AND RETAIL TRADE All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. TRANSPORTATION AND WAREHOUSING All income types.................................................................................................. Passive income................................................................................................... High withholding tax interest............................................................................... Financial services income................................................................................... Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ²........................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................. Footnotes at end of table. Deductions not allocable to specific types of income Deductions from oil and Research and development (18) Interest (19) Other (20) gas extraction income (21) 5 6,649 *904 ** ** -*31 ---*5,714 --- *298 -** ** -*2 ---*296 --- *2,540 -** ** -*29 ---*2,511 --- *2,671 -** ** -----*2,671 --- --** ** --------- 35,410,098 1,464,221 56,189 2,359,048 159,386 299,271 ** ** -31,037,725 *7,811 23,255 6,492,490 109,009 *223 5,051 *1,807 16,990 ** ** -6,357,462 *5 *1,944 14,395,411 1,084,223 52,483 2,334,988 149,671 239,987 ** ** -10,513,166 *7,433 *13,462 14,379,356 267,493 2,615 16,048 *7,909 40,339 ** ** -14,036,729 *374 *7,850 9,615,597 -----** ** -9,615,597 --- 1,779,905 74,290 17,380 *85,264 ** 15,273 -** -1,584,545 ** ** 29,864 *35 --** *1 -** -29,829 ** ** 725,807 47,455 *8,570 *47,991 ** 12,372 -** -606,407 ** ** 904,715 19,805 *7,814 *37,273 ** *2,798 -** -837,025 ** ** *125,717 ---** --** -*125,717 ** ** 300,474 *3,779 *8,204 ** *154,889 ** ---131,421 --- *22,662 --** *4,581 ** ---*18,082 --- 190,160 *3,314 *7,267 ** *87,545 ** ---89,857 --- *84,703 *465 -** *62,763 ** ---*21,471 --- ---** -** ------- 225 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions--Continued Industrial sector and type of foreign income for which separate credit was computed Total (17) INFORMATION All income types................................................................................................... Passive income.................................................................................................... High withholding tax interest................................................................................ Financial services income.................................................................................... Shipping income................................................................................................... Dividends from each noncontrolled section 902 corporation................................ Dividends from an IC-DISC or former DISC ¹....................................................... Miscellaneous separately calculated limitation..................................................... Distributions from a FSC or former FSC ²............................................................ General limitation income..................................................................................... Section 901(j) income........................................................................................... Income resourced by treaty.................................................................................. FINANCE, INSURANCE, REAL ESTATE, AND RENTAL AND LEASING All income types................................................................................................... Passive income.................................................................................................... High withholding tax interest................................................................................ Financial services income.................................................................................... Shipping income................................................................................................... Dividends from each noncontrolled section 902 corporation................................ Dividends from an IC-DISC or former DISC ¹....................................................... Miscellaneous separately calculated limitation..................................................... Distributions from a FSC or former FSC ²............................................................ General limitation income..................................................................................... Section 901(j) income........................................................................................... Income resourced by treaty.................................................................................. SERVICES All income types................................................................................................... Passive income.................................................................................................... High withholding tax interest................................................................................ Financial services income.................................................................................... Shipping income................................................................................................... Dividends from each noncontrolled section 902 corporation................................ Dividends from an IC-DISC or former DISC ¹....................................................... Miscellaneous separately calculated limitation..................................................... Distributions from a FSC or former FSC ²............................................................ General limitation income..................................................................................... Section 901(j) income........................................................................................... Income resourced by treaty.................................................................................. Footnotes at end of table. Deductions not allocable to specific types of income Deductions from oil and Research and development (18) Interest (19) Other (20) gas extraction income (21) 5 8,705,836 86,034 *641 *164 *41,624 166,697 ---8,410,175 ** ** 2,216,287 *686 -*32 *7,334 *191 ---2,207,894 ** ** 819,888 48,315 *556 *5 *26,902 132,706 ---611,347 ** ** 5,619,694 34,600 *83 *127 *7,387 *33,669 ---5,543,534 ** ** ----------** ** 226 29,438,626 150,197 166,634 28,332,341 ** 20,098 ** --637,018 --32,776,546 10,042 377,146 29,603,400 ** 118,782 ** -*1,627 2,663,860 ** ** *11,964 --*11,077 ** -** --*887 --267,500 *122 --** 4 ( ) ** --267,378 ** ** 15,324,583 *109,522 145,783 14,855,675 ** *16,349 ** --64,917 --20,210,586 5,419 355,175 18,802,676 ** 108,684 ** --937,509 ** ** 14,065,478 39,879 20,777 13,451,300 ** *3,113 ** --550,408 --12,191,049 2,973 21,508 10,793,597 ** 9,388 ** -*1,627 1,361,392 ** ** ----** -** ---------** -** ---** ** 226 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Taxable Industrial sector and type of foreign income for which separate credit was computed income (less loss) before adjustments (22) ALL INDUSTRIES All income types................................................................................................ Passive income................................................................................................. High withholding tax interest............................................................................. Financial services income................................................................................. Shipping income................................................................................................ Dividends from each noncontrolled section 902 corporation............................. Dividends from an IC-DISC or former DISC ¹................................................... Miscellaneous separately calculated limitation................................................. Distributions from a FSC or former FSC ²......................................................... General limitation income................................................................................. Section 901(j) income....................................................................................... Income resourced by treaty............................................................................... AGRICULTURE, FORESTRY, FISHING, AND HUNTING All income types................................................................................................ Passive income................................................................................................. High withholding tax interest............................................................................. Financial services income................................................................................. Shipping income................................................................................................ Dividends from each noncontrolled section 902 corporation............................. Dividends from an IC-DISC or former DISC ¹................................................... Miscellaneous separately calculated limitation................................................. Distributions from a FSC or former FSC ²......................................................... General limitation income................................................................................. Section 901(j) income....................................................................................... Income resourced by treaty............................................................................... MINING All income types................................................................................................ Passive income................................................................................................. High withholding tax interest............................................................................. Financial services income................................................................................. Shipping income................................................................................................ Dividends from each noncontrolled section 902 corporation............................. Dividends from an IC-DISC or former DISC ¹................................................... Miscellaneous separately calculated limitation................................................. Distributions from a FSC or former FSC ²......................................................... General limitation income................................................................................. Section 901(j) income....................................................................................... Income resourced by treaty............................................................................... UTILITIES All income types................................................................................................ Passive income................................................................................................. High withholding tax interest............................................................................. Financial services income................................................................................. Shipping income................................................................................................ Dividends from each noncontrolled section 902 corporation............................. Dividends from an IC-DISC or former DISC ¹................................................... Miscellaneous separately calculated limitation................................................. Distributions from a FSC or former FSC ²......................................................... General limitation income................................................................................. Section 901(j) income....................................................................................... Income resourced by treaty............................................................................... Footnotes at end of table. Taxable Adjustments to taxable income (23) 15,388,618 424,373 -56,139 6,929,904 104,345 -43,667 ** ** *-364 8,058,450 -8,934 *-4,156 --** ** ** ** ------160,012 *8,692 *1,421 ** ** *34,997 ---121,118 ** -*128,684 *48,673 ** *-712 -*-26,171 ---*110,068 -** income (less loss) after adjustments (24) 149,364,725 5,977,114 972,212 27,435,717 795,644 3,385,550 ** ** *97,134 110,112,388 166,802 404,550 335,865 71,656 ** ** ** ** ---*256,143 --2,351,823 128,911 *24,555 ** ** *71,183 ---2,119,082 ** -1,312,839 123,251 ** *1,951 -*90,044 ---1,082,016 -** Foreign taxes available for credit Total Reduction for certain foreign (25) 54,510,213 673,032 269,501 8,140,797 129,601 1,856,541 ** ** 4 ( ) 43,376,076 *13,255 51,090 107,576 56 ** ** ** ** ---*107,505 --1,504,438 13,461 *9,311 ** ** *33,419 ---1,448,248 ** -557,069 17,239 ** *673 -*51,056 ---487,884 -** taxes (26) 2,895,223 *15 ----** ** -2,895,185 *23 ---** ** ** ** ------178,942 --** ** ----178,942 ** ---** --------** 164,753,343 6,401,487 916,073 34,365,621 899,989 3,341,883 ** ** *96,770 118,170,838 157,868 400,394 335,865 71,656 ** ** ** ** ---*256,143 --2,511,835 137,602 *25,977 ** ** *106,181 ---2,240,201 ** -1,441,523 171,924 ** *1,239 -*63,874 ---1,192,084 -** 227 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Taxable Industrial sector and type of foreign income for which separate credit was computed income (less loss) before adjustments (22) CONSTRUCTION All income types................................................................................................ Passive income................................................................................................. High withholding tax interest............................................................................. Financial services income................................................................................. Shipping income................................................................................................ Dividends from each noncontrolled section 902 corporation............................. Dividends from an IC-DISC or former DISC ¹................................................... Miscellaneous separately calculated limitation................................................. Distributions from a FSC or former FSC ²......................................................... General limitation income................................................................................. Section 901(j) income....................................................................................... Income resourced by treaty............................................................................... MANUFACTURING All income types................................................................................................ Passive income................................................................................................. High withholding tax interest............................................................................. Financial services income................................................................................. Shipping income................................................................................................ Dividends from each noncontrolled section 902 corporation............................. Dividends from an IC-DISC or former DISC ¹................................................... Miscellaneous separately calculated limitation................................................. Distributions from a FSC or former FSC ²......................................................... General limitation income................................................................................. Section 901(j) income....................................................................................... Income resourced by treaty............................................................................... WHOLESALE AND RETAIL TRADE All income types................................................................................................ Passive income................................................................................................. High withholding tax interest............................................................................. Financial services income................................................................................. Shipping income................................................................................................ Dividends from each noncontrolled section 902 corporation............................. Dividends from an IC-DISC or former DISC ¹................................................... Miscellaneous separately calculated limitation................................................. Distributions from a FSC or former FSC ²......................................................... General limitation income................................................................................. Section 901(j) income....................................................................................... Income resourced by treaty............................................................................... TRANSPORTATION AND WAREHOUSING All income types................................................................................................ Passive income................................................................................................. High withholding tax interest............................................................................. Financial services income................................................................................. Shipping income................................................................................................ Dividends from each noncontrolled section 902 corporation............................. Dividends from an IC-DISC or former DISC ¹................................................... Miscellaneous separately calculated limitation................................................. Distributions from a FSC or former FSC ²......................................................... General limitation income................................................................................. Section 901(j) income....................................................................................... Income resourced by treaty............................................................................... Footnotes at end of table. Taxable Adjustments to taxable income (23) *1,287 *274 ** ** -----*1,013 --income (less loss) after adjustments (24) 77,852 14,442 ** ** -*9,074 ---54,066 --- Foreign taxes available for credit Total Reduction for certain foreign (25) 22,733 446 ** ** -*1,577 ---20,637 --taxes (26) --** ** --------- 79,139 14,716 ** ** -*9,074 ---55,079 --- 228 98,292,466 3,847,049 200,590 1,547,233 200,075 1,310,148 ** ** -90,796,413 -715 390,315 6,869,888 324,131 9,248 -104,903 -13,331 -63,239 ** ** -6,741,328 *-8,851 *701 91,422,579 3,522,918 191,342 1,652,136 213,406 1,373,387 ** ** -84,055,084 *8,136 389,614 35,851,490 358,232 54,744 181,961 *59,294 1,026,523 ** ** 4 ( ) 34,121,617 4 ( ) 49,040 2,569,819 *15 ----** ** -2,569,781 *23 -- 4,639,937 384,764 21,739 *155,704 ** 68,498 -** -3,995,778 ** ** 306,594 48,188 *-3,388 *4,640 ** -2,147 -** -260,774 ** ** 4,333,343 336,576 25,127 *151,064 ** 70,645 -** -3,735,005 ** ** 1,685,383 58,766 5,297 *39,317 ** 56,658 -** -1,519,376 ** ** *129,538 ---** --** -*129,538 ** ** 228 787,855 24,422 *8,920 ** 465,322 ** ---293,678 --- 37,152 *1,226 *12 ** *2,904 ** ---37,659 --- 750,703 23,196 *8,908 ** 462,418 ** ---256,020 --- 151,850 3,382 *2,575 ** 63,507 ** ---82,224 --- ---** -** ------- Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Taxable Industrial sector and type of foreign income for which separate credit was computed income (less loss) before adjustments (22) INFORMATION All income types................................................................................................. Passive income.................................................................................................. High withholding tax interest............................................................................... Financial services income.................................................................................. Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ².......................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................ FINANCE, INSURANCE, REAL ESTATE, AND RENTAL AND LEASING All income types................................................................................................. Passive income.................................................................................................. High withholding tax interest............................................................................... Financial services income.................................................................................. Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ².......................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................ SERVICES All income types................................................................................................. Passive income.................................................................................................. High withholding tax interest............................................................................... Financial services income.................................................................................. Shipping income................................................................................................. Dividends from each noncontrolled section 902 corporation.............................. Dividends from an IC-DISC or former DISC ¹..................................................... Miscellaneous separately calculated limitation................................................... Distributions from a FSC or former FSC ².......................................................... General limitation income................................................................................... Section 901(j) income......................................................................................... Income resourced by treaty................................................................................ Footnotes at end of table. Taxable Adjustments to taxable income (23) income (less loss) after adjustments (24) Foreign taxes available for credit Total Reduction for certain foreign (25) taxes (26) 13,279,995 665,859 *1,560 *-55,542 *220,389 1,330,256 ---11,071,074 ** ** 263,658 -22,705 *-954 *-60,860 *154,126 46,266 --*-756 149,832 ** ** 13,016,337 688,564 *2,514 *5,318 *66,263 1,283,990 --*756 10,921,242 ** ** 3,550,463 72,454 *216 4 ( ) *4 491,214 ---2,984,579 ** ** *540 --------*540 ** ** 20,350,486 740,710 25,184 18,743,699 ** 52,970 ** --785,843 --23,034,241 342,786 630,972 13,976,800 ** 399,035 ** -*96,770 7,484,545 ** ** 6,069,796 931 -70,232 6,075,209 ** *4,436 ** --87,955 --1,551,547 14,965 7,749 1,020,795 ** -37,522 ** -*392 548,703 ** ** 14,280,690 739,779 95,416 12,668,489 ** 48,534 ** --697,888 --21,482,694 327,821 623,222 12,956,004 ** 436,557 ** -*96,378 6,935,842 ** ** 4,969,775 90,208 36,765 4,639,605 ** 19,156 ** --183,062 --6,109,436 58,788 160,338 3,279,241 ** 176,778 ** --2,420,945 ** ** *323 ---** -** --*323 --*16,060 ---** -** --*16,060 ** ** 229 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit--Continued Industrial sector and type of foreign income for which separate credit was computed Carryover Total paid, accrued, and (27) ALL INDUSTRIES All income types...................................................................................... Passive income....................................................................................... High withholding tax interest.................................................................... Financial services income....................................................................... Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation....................................... Distributions from a FSC or former FSC ²............................................... General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty..................................................................... AGRICULTURE, FORESTRY, FISHING, AND HUNTING All income types...................................................................................... Passive income....................................................................................... High withholding tax interest.................................................................... Financial services income....................................................................... Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation....................................... Distributions from a FSC or former FSC ²............................................... General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty..................................................................... MINING All income types...................................................................................... Passive income....................................................................................... High withholding tax interest.................................................................... Financial services income....................................................................... Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation....................................... Distributions from a FSC or former FSC ²............................................... General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty..................................................................... UTILITIES All income types...................................................................................... Passive income....................................................................................... High withholding tax interest.................................................................... Financial services income....................................................................... Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation....................................... Distributions from a FSC or former FSC ²............................................... General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty..................................................................... 12,900,280 48,818 32,255 1,271,275 *31,140 737,802 ** ** 4 ( ) 10,776,901 4 ( ) *2,089 *144 4 ( ) ** ** ** ** ---*144 --771,569 *148 *5,412 ** ** *462 ---765,547 ** -*233,930 *1,081 ** *635 -*15,105 ---*217,109 -** deemed paid (28) 44,505,156 624,229 237,247 6,869,522 98,461 1,118,739 ** ** -35,494,361 *13,278 49,002 107,431 56 ** ** ** ** ---*107,362 --911,811 13,312 *3,899 ** ** *32,957 ---861,643 ** -323,139 16,158 ** *38 -*35,951 ---270,774 -** Total (29) 17,161,245 243,690 214,283 4,306,125 35,342 62,170 ** ** -12,244,451 *13,255 *41,611 847 51 ** ** ** ** ---*783 --593,716 910 *3,514 ** ** *168 ---589,125 ** -18,433 *6,745 ** *38 -----*11,481 -** Paid or accrued Taxes withheld at source on-Dividends (30) 1,426,868 37,534 *62 121,598 *702 58,636 ** ** -1,208,199 -*137 127 *15 ** ** ** ** ---*112 --12,705 *158 -** ** *168 ---12,379 ** -*5,798 *1,922 ** ------*3,876 -** Interest (31) 710,381 115,399 214,221 223,577 *642 *17 ** ** -156,525 --*15 *2 ** ** ** ** ------8,782 *359 *3,514 ** ** ----4,909 ** -*3,579 *601 ** *38 -----*2,771 -** Rents, royalties, and license fees (32) 2,327,460 18,498 -47,124 *4,776 *124 ** ** -2,256,938 --*519 *22 ** ** ** ** ---*497 --6,768 *198 -** ** ----*6,570 ** -*935 -** ------*935 -** 230 230 Footnotes at end of table. Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit--Continued Industrial sector and type of foreign income for which separate credit was computed Carryover Total paid, accrued, and (27) CONSTRUCTION All income types...................................................................................... Passive income....................................................................................... High withholding tax interest.................................................................... Financial services income....................................................................... Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation....................................... Distributions from a FSC or former FSC ²............................................... General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty..................................................................... MANUFACTURING All income types...................................................................................... Passive income....................................................................................... High withholding tax interest.................................................................... Financial services income....................................................................... Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation....................................... Distributions from a FSC or former FSC ²............................................... General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty..................................................................... WHOLESALE AND RETAIL TRADE All income types...................................................................................... Passive income....................................................................................... High withholding tax interest.................................................................... Financial services income....................................................................... Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation....................................... Distributions from a FSC or former FSC ²............................................... General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty..................................................................... TRANSPORTATION AND WAREHOUSING All income types...................................................................................... Passive income....................................................................................... High withholding tax interest.................................................................... Financial services income....................................................................... Shipping income...................................................................................... Dividends from each noncontrolled section 902 corporation................... Dividends from an IC-DISC or former DISC ¹.......................................... Miscellaneous separately calculated limitation....................................... Distributions from a FSC or former FSC ²............................................... General limitation income........................................................................ Section 901(j) income.............................................................................. Income resourced by treaty..................................................................... Footnotes at end of table. Paid or accrued Taxes withheld at source on-Total (29) 7,032 329 ** ** -*12 ---6,666 --Dividends (30) 831 33 ** ** -*12 ---787 --Interest (31) *314 *288 ** ** --------Rents, royalties, and license fees (32) *1,700 *2 ** ** -----*1,698 --- deemed paid (28) 19,361 334 ** ** -*1,577 ---17,425 --- 3,373 *112 ** ** -----3,212 --- 8,383,054 21,242 *8,074 *19,303 *19,476 473,839 ** ** 4 ( ) 7,841,028 4 ( ) *91 30,038,255 337,006 46,670 162,657 *39,819 552,684 ** ** -28,850,370 *23 48,948 9,523,835 108,224 25,332 96,304 *531 39,445 ** ** -9,212,310 -*41,610 1,101,403 20,886 *1 *17,204 4 ( ) 36,340 ** ** -1,026,835 -*137 157,563 26,899 25,331 *6,203 4 ( ) *17 ** ** -99,114 --- 1,364,609 6,308 -*4,903 -*122 ** ** -1,353,276 --- 532,133 4,682 *567 -** 28,647 -** -494,928 ** ** 1,282,789 54,085 4,730 *39,317 ** 28,011 -** -1,153,986 ** ** 317,507 14,548 4,729 *6,715 ** 1,319 -** -289,956 ** ** 39,144 742 *7 *258 ** 1,005 -** -37,132 ** ** 15,404 1,707 4,722 -** --** -8,975 ** ** 111,326 4,658 --** --** -106,668 ** ** 28,807 *45 *50 ** *8,265 ** ---20,447 --- 123,043 3,337 *2,526 ** 55,242 ** ---61,778 --- 60,609 1,067 *2,526 ** *33,831 ** ---23,174 --- 4,694 *740 -** *701 ** ---3,240 --- 3,439 *41 *2,526 ** *642 ** ---*231 --- 5,137 --** *3,796 ** ---*1,341 --- 231 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit--Continued Industrial sector and type of foreign income for which separate credit was computed Carryover Total paid, accrued, and (27) INFORMATION All income types........................................................................................ Passive income......................................................................................... High withholding tax interest..................................................................... Financial services income......................................................................... Shipping income....................................................................................... Dividends from each noncontrolled section 902 corporation.................... Dividends from an IC-DISC or former DISC ¹........................................... Miscellaneous separately calculated limitation......................................... Distributions from a FSC or former FSC ²................................................. General limitation income......................................................................... Section 901(j) income............................................................................... Income resourced by treaty...................................................................... FINANCE, INSURANCE, REAL ESTATE, AND RENTAL AND LEASING All income types........................................................................................ Passive income......................................................................................... High withholding tax interest..................................................................... Financial services income......................................................................... Shipping income....................................................................................... Dividends from each noncontrolled section 902 corporation.................... Dividends from an IC-DISC or former DISC ¹........................................... Miscellaneous separately calculated limitation......................................... Distributions from a FSC or former FSC ²................................................. General limitation income......................................................................... Section 901(j) income............................................................................... Income resourced by treaty...................................................................... SERVICES All income types........................................................................................ Passive income......................................................................................... High withholding tax interest..................................................................... Financial services income......................................................................... Shipping income....................................................................................... Dividends from each noncontrolled section 902 corporation.................... Dividends from an IC-DISC or former DISC ¹........................................... Miscellaneous separately calculated limitation......................................... Distributions from a FSC or former FSC ²................................................. General limitation income......................................................................... Section 901(j) income............................................................................... Income resourced by treaty...................................................................... Footnotes at end of table. Paid or accrued Taxes withheld at source on-Total (29) Dividends (30) Interest (31) Rents, royalties, and license fees (32) deemed paid (28) 879,959 *7,501 ---*183,530 ---686,931 ** ** 2,671,044 64,953 *216 4 ( ) *4 307,684 ---2,298,187 ** ** 1,391,000 16,215 *216 4 ( ) -*4,923 ---1,369,646 ** ** 53,408 *4,597 ---*4,923 ---43,887 ** ** 20,082 *7,678 *216 ------12,188 ** ** 605,375 3,142 -------602,233 ** ** 232 980,790 2,051 *12,915 925,504 ** *6,089 ** --34,232 --1,086,522 11,957 *5,188 *325,833 ** 30,131 ** --713,323 ** ** 3,989,308 88,157 23,849 3,714,101 ** 13,067 ** --149,153 --5,038,974 46,831 155,150 2,953,408 ** 146,647 ** --1,723,683 ** ** 2,244,226 78,757 23,538 2,054,479 ** *680 ** --85,793 --3,004,039 16,844 154,221 2,148,588 ** 15,612 ** --655,518 ** ** 78,339 5,154 *54 59,469 ** *567 ** --13,095 --130,418 3,287 -44,666 ** 15,609 ** --66,856 ** ** 150,065 70,474 23,484 50,709 ** -** --5,399 --351,137 7,350 154,221 166,628 ** 4 ( ) ** --22,939 ** ** 39,863 *825 -*32,270 ** -** --5,788 --191,228 3,343 -*9,951 ** *2 ** --177,932 ** ** 232 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit--Continued Industrial sector and type of foreign income for which separate credit was computed Branch income (33) ALL INDUSTRIES All income types......................................................................................... Passive income.......................................................................................... High withholding tax interest...................................................................... Financial services income.......................................................................... Shipping income......................................................................................... Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ².................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty........................................................................ AGRICULTURE, FORESTRY, FISHING, AND HUNTING All income types......................................................................................... Passive income.......................................................................................... High withholding tax interest...................................................................... Financial services income.......................................................................... Shipping income......................................................................................... Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ².................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty........................................................................ MINING All income types......................................................................................... Passive income.......................................................................................... High withholding tax interest...................................................................... Financial services income.......................................................................... Shipping income......................................................................................... Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ².................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty........................................................................ UTILITIES All income types......................................................................................... Passive income.......................................................................................... High withholding tax interest...................................................................... Financial services income.......................................................................... Shipping income......................................................................................... Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ².................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty........................................................................ Footnotes at end of table. Paid or accrued--Continued Other taxes paid or accrued on-Specifically allocable income [section 863(b)] (34) Service income (35) Other income (36) Taxes deemed paid (37) 5,474,925 15,929 -2,446,726 *16,326 *319 ** ** -2,994,500 -*1,126 --** ** ** ** ------183,266 *28 -** ** ----183,239 ** -*460 -** ------*460 -** 50,127 *66 -*444 --** ** -49,616 ----** ** ** ** ------*10,271 --** ** ----*10,271 ** ---** --------** 288,060 *283 -61,310 *9,507 -** ** -216,720 -4 ( ) --** ** ** ** ------*10,240 --** ** ----*10,240 ** -*2,045 -** ------*2,045 -** 6,883,424 55,981 -1,405,345 *3,390 3,074 ** ** -5,361,953 *13,255 *40,348 *185 *12 ** ** ** ** ---*173 --361,685 *167 -** ** ----361,518 ** -*5,616 *4,222 ** ------*1,394 -** 27,343,911 380,539 22,964 2,563,397 63,119 1,056,569 ** ** -23,249,909 *23 *7,391 *106,584 *5 ** ** ** ** ---*106,579 --318,094 *12,402 *385 ** ** *32,789 ---272,518 ** -*304,706 *9,413 ** --*35,951 ---*259,293 -** 233 Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit--Continued Industrial sector and type of foreign income for which separate credit was computed Branch income (33) CONSTRUCTION All income types......................................................................................... Passive income.......................................................................................... High withholding tax interest...................................................................... Financial services income.......................................................................... Shipping income......................................................................................... Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ².................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty........................................................................ MANUFACTURING All income types......................................................................................... Passive income.......................................................................................... High withholding tax interest...................................................................... Financial services income.......................................................................... Shipping income......................................................................................... Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ².................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty........................................................................ WHOLESALE AND RETAIL TRADE All income types......................................................................................... Passive income.......................................................................................... High withholding tax interest...................................................................... Financial services income.......................................................................... Shipping income......................................................................................... Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ².................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty........................................................................ TRANSPORTATION AND WAREHOUSING All income types......................................................................................... Passive income.......................................................................................... High withholding tax interest...................................................................... Financial services income.......................................................................... Shipping income......................................................................................... Dividends from each noncontrolled section 902 corporation..................... Dividends from an IC-DISC or former DISC ¹............................................ Miscellaneous separately calculated limitation.......................................... Distributions from a FSC or former FSC ².................................................. General limitation income.......................................................................... Section 901(j) income................................................................................ Income resourced by treaty........................................................................ Footnotes at end of table. Paid or accrued--Continued Other taxes paid or accrued on-Specifically allocable income [section 863(b)] (34) --** ** --------Service income (35) 2,963 -** ** -----2,963 --Other income (36) 483 *5 ** ** -----*478 --Taxes deemed paid (37) 12,328 *5 ** ** -*1,565 ---*10,758 --- *741 -** ** -----*741 --- 234 2,009,795 12,883 -*3,711 -*319 ** ** -1,991,757 -*1,126 28,396 *33 ----** ** -28,363 --- 50,692 --*14 --** ** -50,678 --- 4,811,376 41,215 -*64,269 *531 *2,647 ** ** -4,662,287 -*40,348 20,514,420 228,781 *21,338 66,353 *39,288 513,239 ** ** -19,638,060 *23 *7,338 104,028 *469 -*761 ** --** -102,798 ** ** *5,936 *33 -*444 ** --** -*5,459 ** ** 4,178 ---** --** -3,939 ** ** 37,490 *6,940 -*5,252 ** *314 -** -24,985 ** ** 965,282 39,537 4 ( ) *32,603 ** 26,692 -** -864,030 ** ** 234 *25,829 --** *16,326 ** ---*9,503 --- ---** -** ------- 17,770 *283 -** *9,507 ** ---7,979 --- *3,740 *2 -** *2,860 ** ---*879 --- 62,434 *2,271 -** *21,411 ** ---38,604 --- Corporate Foreign Tax Credit, 2001 Table 2.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes, by Industrial Sector and by Type of Foreign Income for Which Separate Credit Was Computed--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Foreign taxes available for credit--Continued Industrial sector and type of foreign income for which separate credit was computed Branch income (33) INFORMATION All income types.......................................................................................... Passive income........................................................................................... High withholding tax interest....................................................................... Financial services income........................................................................... Shipping income.......................................................................................... Dividends from each noncontrolled section 902 corporation....................... Dividends from an IC-DISC or former DISC ¹.............................................. Miscellaneous separately calculated limitation............................................ Distributions from a FSC or former FSC ²................................................... General limitation income............................................................................ Section 901(j) income.................................................................................. Income resourced by treaty......................................................................... FINANCE, INSURANCE, REAL ESTATE, AND RENTAL AND LEASING All income types.......................................................................................... Passive income........................................................................................... High withholding tax interest....................................................................... Financial services income........................................................................... Shipping income.......................................................................................... Dividends from each noncontrolled section 902 corporation....................... Dividends from an IC-DISC or former DISC ¹.............................................. Miscellaneous separately calculated limitation............................................ Distributions from a FSC or former FSC ²................................................... General limitation income............................................................................ Section 901(j) income.................................................................................. Income resourced by treaty......................................................................... SERVICES All income types.......................................................................................... Passive income........................................................................................... High withholding tax interest....................................................................... Financial services income........................................................................... Shipping income.......................................................................................... Dividends from each noncontrolled section 902 corporation....................... Dividends from an IC-DISC or former DISC ¹.............................................. Miscellaneous separately calculated limitation............................................ Distributions from a FSC or former FSC ²................................................... General limitation income............................................................................ Section 901(j) income.................................................................................. Income resourced by treaty......................................................................... 1,784,189 *1,990 -1,557,923 ** -** --224,276 ** ** *2,282 ---** -** --*2,282 ** ** 118,691 --*15,146 ** -** --103,544 ** ** 426,094 875 -354,275 ** 4 ( ) ** --57,689 ** ** 2,034,935 29,987 *929 804,820 ** 131,035 ** --1,068,164 ** ** 888,060 --884,331 ** -** --*3,729 --*566 ---** -** --*566 --52,134 --46,150 ** -** --5,984 --1,035,200 2,305 -981,550 ** *112 ** --51,233 --1,745,082 9,400 *312 1,659,622 ** 12,388 ** --63,361 --478,556 *560 -------477,997 ** ** *2,675 --------*2,675 ** ** 29,347 --4 ( ) -----29,347 ** ** 201,556 *238 -------201,318 ** ** 1,280,044 48,737 --*4 *302,761 ---928,542 ** ** Paid or accrued--Continued Other taxes paid or accrued on-Specifically allocable income [section 863(b)] (34) Service income (35) Other income (36) Taxes deemed paid (37) * Data should be used with caution because of the small number of sample returns on which they were based. ** Not shown to avoid disclosure of information about specific taxpayers. However, the data are included in the appropriate totals. ¹ Interest-Charge Domestic International Sales Corporation (IC-DISC) and Domestic International Sales Corporation (DISC). ² Foreign Sales Corporation (FSC). ³ Included in gross income (less loss) shown in columns 2-8. 4 Less than $500. in deductions shown in columns 11-20. 5 Included NOTE: Detail may not add to totals because of rounding. 235 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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) 27,329,970 3,031,747 2,113,896 860,014 139,730 *360 7,714 3,020 4,792 *110,142 *110 13,593 -278,685 219,417 *20,567 *98 *4,843 11,495 22,266 835,467 183,815 *1,608 480,636 39,258 42,206 3,842 *50 7,365 8,491 68,196 --739,625 20,389 679,285 28,470 10,098 *1,382 15,538,494 11,772,864 115,800 177,332 90,153 16,977 1,004,497 756,192 24,439 236,477 598,156 619,408 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) 372,905,130 24,637,380 39,029,520 12,414,208 1,580,002 6,267 201,060 183,793 379,958 430,627 50,565 319,583 *8,149 7,506,747 4,765,399 308,036 74,507 207,488 870,144 1,281,173 17,599,141 5,041,261 63,763 6,667,645 1,667,203 1,241,289 175,748 70,356 861,806 196,759 1,498,287 115,023 *-70,579 7,430,526 1,277,267 5,521,513 290,411 267,206 73,714 153,761,933 129,822,149 1,402,740 2,973,373 1,522,937 318,563 8,074,225 14,244,336 558,284 6,481,298 4,501,048 3,487,853 (3) 65,166,156 4,874,629 8,200,122 2,439,582 290,290 *440 30,788 10,894 12,655 169,908 *443 65,163 -3,149,402 2,295,293 77,064 *780 8,348 96,789 671,129 2,320,847 462,030 *7,869 991,435 390,548 92,361 15,588 *282 29,305 28,266 303,158 *5 -4,391,104 314,281 3,779,565 114,048 180,731 *2,478 33,493,805 26,929,067 401,564 593,574 286,748 29,083 1,426,955 1,503,545 25,537 2,570,102 703,056 2,084,647 (5) 68,435,076 3,162,234 11,280,874 2,906,475 258,569 *1,036 15,350 36,761 48,054 8,306 *4,367 144,696 -1,892,724 1,722,535 78,911 *12,599 38,335 37,001 3,344 6,223,103 2,591,646 26,929 2,344,292 578,992 113,287 31,482 52,670 170,846 65,912 239,365 *7,683 *2 1,391,529 605,139 608,744 105,335 49,724 22,587 30,738,085 29,210,434 111,722 211,764 79,043 67,932 1,044,586 2,744,419 199,429 331,604 329,795 459,936 (6) 50,837,026 3,177,514 4,623,211 1,904,492 134,483 *452 57,032 9,176 30,088 7,010 2,107 28,488 *130 682,420 158,859 10,266 *2,190 17,157 19,721 474,225 1,864,231 284,474 3,060 843,280 104,151 111,900 26,418 3,370 275,944 19,808 188,173 3,653 *37,585 106,235 15,139 50,999 12,243 23,825 4,031 21,524,052 17,608,451 446,260 862,063 225,233 92,377 2,116,668 2,904,965 119,272 2,779,444 1,031,621 119,267 236 5,478 1,576 892 591 217 25 124 86 102 78 57 133 3 280 148 112 29 76 95 87 602 319 65 413 224 198 124 52 148 93 218 35 10 252 90 179 60 72 44 2,167 2,100 173 250 205 189 409 475 150 231 348 107 236 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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.................................................................... Zimbabwe.............................................................. South Africa (including Namibia)............................ Zambia................................................................... Other Southern African countries........................... Footnotes at end of table. (2) (3) (5) (6) 763 140 417 248 1,396 4 358 10 13 161 284 147 64 313 70 200 225 18 346 169 51 119 10 49 36 95 13 51 14 11 68 110 14 18 25 54 13 68 235 11 32 226 13 16 11,268,819 629,134 5,178,051 1,352,635 67,788,151 *40,700 19,346,160 3,800 12,578 7,918,569 9,736,923 725,020 949,269 4,313,034 296,127 2,185,491 1,831,416 280,590 7,431,642 1,448,031 104,993 1,212,673 *5,817 71,767 52,780 745,999 36,232 129,027 6,838 5,209 568,693 4,372,834 157,602 10,430 66,766 2,615,452 21,896 1,500,688 864,495 1,074 14,442 790,169 11,095 47,715 4,482,218 236,327 1,774,783 470,533 10,314,958 *25,437 6,168,513 *1,524 *5,653 2,458,077 3,678,059 22,571 *2,629 396,226 3,633 120,096 272,498 -735,025 31,046 *34 18,458 *4,270 *1,415 *6,870 323,457 -*15,291 *10 *2,078 306,079 306,137 *104,072 *5,148 43,796 142,543 *634 9,944 74,385 *359 *2,612 65,886 *2,455 *3,073 1,418,587 87,043 1,598,758 77,720 4,940,077 *11,247 3,651,211 *46 *2,087 2,271,299 1,347,596 29,736 *447 114,419 *1,190 28,266 84,963 -352,963 11,046 -*6,950 *1 *721 *3,374 167,009 -*13,193 *6 *1,203 152,607 115,165 *34,811 *1,835 *2,313 *65,885 *147 *10,176 59,743 *105 *1,266 50,181 *7,288 *902 868,652 44,886 114,478 156,798 22,445,390 -1,061,133 *188 *2,062 144,251 579,961 329,885 4,786 466,517 11,286 324,406 130,825 -427,760 186,775 *25,548 137,850 *364 *1,681 *21,332 24,213 *647 22,974 *158 -433 50,548 *2,828 *1 13,693 8,664 *434 24,927 166,225 (²) *1,814 164,298 (²) *113 1,872,548 107,801 557,082 290,886 4,082,789 *176 3,038,981 *1,724 *3 120,593 1,880,654 100,155 935,853 806,717 24,833 113,724 668,160 *69,903 531,773 71,739 *4,473 51,351 *355 11,256 4,304 76,427 *9,355 46,341 *4,041 *949 15,740 21,768 *95 *423 *3,340 13,746 *127 4,038 361,554 *276 1,822 315,786 *589 *43,081 237 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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) 4,511,253 87,651 *289 --41,403 *660 *5 -7,226 *9,705 *27,753 *609 1,000,739 *256 50,074 406,397 93,819 4,925 95,814 90,318 *641 258,236 *54 *205 3,422,844 52,320 86,334 136,776 2,941,981 205,433 -*19 645,613 547,754 62,358 *35,501 124,594 115,158 *9,436 -*7,826 *812 *799 291,541 ---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...................................................................... Taiwan.................................................................... Hong Kong............................................................. Japan (including Okinawa and Ryukyu Islands)..... South Korea, Republic of....................................... 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) 71,364,577 6,242,653 365,604 81,953 *-3,735 640,553 119,627 44,985 569,303 17532-7 1,661,929 790,443 218,785 17,958,994 49,974 1,591,457 4,162,672 2,170,959 307,569 1,602,826 6,064,503 30,337 1,789,597 90,398 98,702 46,922,848 2,863,094 3,716,627 8,138,816 28,533,440 3,571,160 99,711 *240,082 8,186,887 7,024,865 671,875 490,147 5,674,410 5,202,454 471,956 52,937 248,311 151,506 19,201 63,548,329 19,322,543 12,031,839 *50 (3) 7,724,526 263,887 *8,344 *2,774 *419 97,300 *2,067 *555 *82 35,624 49,144 *63,334 4,244 2,940,247 *397 93,262 924,668 301,809 10,738 614,851 422,079 *1,958 569,496 *159 *830 4,520,360 289,142 271,212 841,675 2,744,061 373,556 *714 *32 1,650,592 1,185,065 182,833 *282,693 829,044 803,668 25,375 *2,440 *18,870 *2,057 *2,008 2,749,900 *553 12,031,839 *50 (5) 8,420,237 578,007 329,542 *199 *37 106,458 *921 *12,597 8,517 17,125 87,626 *4,754 10,232 3,178,956 *17,212 605,604 395,836 81,490 125,904 509,566 1,090,028 *14,570 305,233 19,871 *13,641 4,659,259 187,069 708,816 1,326,895 1,604,288 820,135 *12,056 *4,015 1,207,848 1,097,292 109,119 *1,438 1,071,910 866,533 205,377 *8,227 128,636 61,015 *7,500 24,649,844 *484,166 --- (6) 12,524,662 412,078 3,457 *12,279 *308 168,791 14,590 7,344 21,893 60,864 62,246 49,917 10,386 3,008,955 *1,513 135,439 71,718 318,960 6,463 118,038 2,226,498 977 104,218 10,385 14,743 9,103,576 1,074,133 833,557 396,629 5,874,840 920,536 *3,881 *54 1,017,164 876,414 87,826 52,924 1,582,315 1,571,305 11,010 *192 5,460 4,164 *1,193 6,337,644 *6,624 --- 1,108 292 61 17 7 193 64 47 50 126 108 49 97 558 30 249 195 228 71 198 337 36 246 58 46 937 294 266 309 747 309 30 11 562 527 230 46 354 321 109 15 77 56 10 2,453 191 39 4 238 238 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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) 142,094,092 7,834,711 11,133,500 3,851,691 716,061 *3,810 86,840 118,588 260,645 123,446 41,887 72,828 *8,019 1,442,682 348,678 112,485 56,051 131,093 688,133 106,242 5,364,908 1,098,395 23,924 1,743,650 540,118 793,017 94,828 12,942 307,395 67,105 581,076 102,459 *-241,842 716,927 320,733 348,501 27,835 -3,104 22,396 46,252,645 38,856,550 305,792 1,059,734 801,498 90,071 1,921,300 4,644,581 169,286 507,480 1,489,591 203,186 (9) 30,945,555 *2,067,902 1,619,100 -(²) ------(²) -*628,642 ----*613,012 *15,630 990,458 *467,590 -*46,518 *636 *218,586 *-18 -*2,537 -*254,608 --*1,354,584 *1,636 *1,352,948 ---13,351,500 7,105,705 *34,508 -*412,679 -*2,604 *922 -*75 -*381,745 (10) 80,847,969 3,417,316 9,906,568 2,686,360 310,973 *29 79,723 *20,120 *32,597 *31,149 *2,961 136,411 *7,984 827,853 *615,884 111,373 *15,710 34,968 25,948 23,971 6,081,381 2,380,215 *35,088 2,012,016 581,110 237,439 31,900 *62,070 312,102 148,519 279,908 *1,015 *2 913,713 *822,821 *3,459 *6,935 47,334 *33,164 32,350,549 28,547,397 102,694 645,266 181,232 49,527 819,104 4,743,821 283,594 104,670 1,173,000 *16,415 (11) 208,151,787 12,853,272 20,863,128 6,403,781 968,489 1,670 106,390 98,918 263,051 202,039 38,382 254,523 *3,518 2,673,677 1,780,104 139,651 49,957 126,515 295,888 281,562 10,614,090 3,684,827 47,344 3,369,132 918,287 729,681 119,660 52,680 647,542 168,375 800,900 75,662 *203,091 1,983,376 669,691 1,064,526 103,717 100,128 45,462 75,809,842 67,710,213 699,305 2,180,483 729,031 167,971 4,526,972 9,406,072 426,284 1,930,433 2,524,047 617,193 19,042,809 2,556,546 1,677,917 451,954 40,868 *169 3,337 5,355 23,726 11,814 *1,652 -5,184 -60,834 *20,617 8,744 *2,789 7,712 17,006 3,967 990,584 420,902 373 264,353 14,136 88,519 3,590 *1,041 70,950 *7,178 118,320 *1,223 *133,677 85,106 1,586 *54,418 2,481 *5,930 *20,840 6,214,853 5,444,784 21,604 68,906 40,262 22,122 560,220 1,690,634 20,321 56,191 348,828 *1,408 239 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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) 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........................................................................................... Zimbabwe..................................................................................... South Africa (include Namibia)..................................................... Zambia.......................................................................................... Other Southern African countries.................................................. Footnotes at end of table. (8) (9) (10) (11) 240 427,192 2,341 176,058 20,121 1,988,577 -147,148 -*195 20,768 100,109 24,603 1,472 608,357 175,421 197,244 235,691 *14,564 752,940 95,713 *39,337 48,380 -*6,992 *1,004 5,571 *199 *1,962 *52 *271 *3,087 525,122 *2,107 *7,356 *1 70,911 *4,694 440,053 126,533 *328 *56 125,502 -*647 2,199,623 150,736 956,892 336,577 24,016,360 *3,840 5,279,174 *319 *2,579 2,903,582 2,150,543 218,070 4,082 1,920,798 79,764 1,401,754 439,280 *196,122 4,631,181 1,051,712 35,601 949,685 *827 49,701 15,897 149,321 *26,030 29,266 *2,571 *708 90,746 3,354,094 *13,689 *-4,333 *3,624 2,313,704 *15,859 1,011,550 76,055 *5 6,871 68,516 *764 *-101 *450,062 *-10 *662,010 -*5,161,110 -*5,762,416 --*5,762,416 -(²) -*483,379 -*483,379 --*4,108,147 *493,782 *93 *491,864 --*1,824 *11,522 ----*11,522 *3,602,843 *132,737 --*2,529,178 *15,118 *925,810 ------- 1,542,774 81,199 315,358 264,568 18,224,173 -2,639,568 -*3,371 1,399,289 780,223 456,497 *188 1,135,996 *70,096 572,752 493,148 *27,589 1,096,484 332,931 *35,762 225,485 -*42,364 *29,320 55,018 *8,396 *42,497 *52 *271 *3,802 441,180 *15,348 *7,356 -*41,336 *18,933 358,208 267,355 *90 *2,918 264,841 *-642 *148 3,433,530 255,286 1,973,282 821,114 38,009,647 *9,564 5,174,462 *1,062 3,584 1,157,259 3,023,166 523,732 465,658 2,694,520 329,653 1,359,493 1,005,374 230,647 3,813,179 868,206 125,987 653,613 15,696 44,160 28,749 305,422 30,341 162,661 4,866 931 106,623 1,995,739 14,931 8,460 53,723 1,058,258 14,600 845,767 641,778 *512 6,132 608,223 699 26,211 240 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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) 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............................................................................................. Taiwan.......................................................................................... Hong Kong.................................................................................... Japan (including Okinawa and Ryukyu Islands)........................... South Korea, Republic of.............................................................. 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) 35,870,966 4,317,933 14,138 *66,642 *-4,499 121,117 73,609 24,252 488,184 1,446,255 1,377,074 521,295 189,866 7,422,598 29,997 618,769 2,311,914 1,443,739 142,312 284,198 1,998,517 11,144 467,040 45,030 69,938 24,032,185 1,075,920 1,532,155 5,097,858 15,079,958 1,164,630 81,666 *98,250 3,340,565 3,006,856 218,897 114,812 1,576,349 1,377,297 199,052 *41,650 72,811 77,448 *7,143 25,066,308 18,717,998 --- (9) 6,755,518 *2,700,962 *-4,432 *46,109 --*-77 -*194,923 *1,007,960 *1,024,731 *431,748 -*3,902,723 -*-7 *2,087,086 *923,958 *79,153 *62,670 --*749,864 --*151,832 *136,885 --*14,948 ---*881,684 *755,279 *48,634 *77,772 -------*807,119 ---- (10) 27,234,938 1,371,595 *321,518 *99 -146,940 *34,607 *18,348 *226,455 69,794 380,575 *89,077 84,182 5,055,668 *40,956 838,426 575,591 217,061 129,802 597,212 2,070,101 *14,168 516,969 33,100 *22,283 20,695,566 463,153 1,740,861 4,698,733 12,560,043 1,232,605 *171 *112,109 1,718,391 1,571,938 120,779 *25,675 1,706,454 1,415,770 290,683 *8,226 167,278 99,976 *15,203 2,507,719 ---- (11) 43,199,658 5,713,041 351,494 56,368 *852 289,535 61,658 20,635 378,699 2,787,021 1,347,217 269,639 149,923 9,847,181 31,416 967,542 2,172,986 997,971 159,505 716,113 3,916,099 16,125 781,860 48,834 38,731 27,395,830 1,548,354 2,482,274 4,338,712 16,983,857 2,008,422 34,211 *243,605 3,663,435 3,252,204 312,945 98,285 4,652,029 4,220,424 431,604 53,844 225,535 140,140 *12,085 55,174,555 14,429,543 11,935,068 -- 2,312,932 583,098 9,834 *59 -105,484 27,779 *231 *50,627 186,113 76,133 *123,388 3,450 407,499 *599 88,310 52,138 -68,858 *17,226 -19,640 237,063 *1,047 85,374 14,898 *-656 1,184,624 184,511 284,553 338,983 288,312 86,871 *1,394 *137,711 325,105 311,484 10,843 *2,778 490,198 468,493 21,705 *427 14,709 6,011 *559 4,453,091 *113,202 --- 241 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions Selected country from oil and gas extraction income 4 Taxable income (less loss) before adjustments Total Foreign taxes paid, accrued, and deemed paid Foreign taxes paid or accrued Taxes withheld at source on-Total Dividends Interest (17) 710,381 64,899 242,347 43,161 663 *130 *163 *205 *71 *47 -*48 -*2,758 -*580 -*2,174 *4 -195,755 59,032 *53 127,005 3,202 *436 *-318 *14 1,341 *207 4,783 -*10 *49 ---*49 -255,377 227,849 *917 722 *13 *90 795 302 *3 *1,364 3,878 -- (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) 164,753,343 11,784,109 18,166,392 6,010,428 611,513 4,597 94,671 84,875 116,907 228,588 12,183 65,060 *4,631 4,833,070 2,985,295 168,385 24,551 80,973 574,256 999,611 6,985,050 1,356,435 16,419 3,298,513 748,916 511,608 56,088 17,676 214,265 28,384 697,387 39,361 *-273,669 5,447,149 607,577 4,456,987 186,694 167,077 28,253 77,952,092 62,111,937 703,435 792,891 793,906 150,592 3,547,254 4,838,264 132,000 4,550,866 1,977,001 2,870,660 (14) 44,505,156 4,067,258 4,369,874 1,585,132 178,333 *582 20,869 7,991 13,545 114,905 803 17,880 *1,758 491,179 222,272 44,832 *6,120 11,669 180,650 25,636 2,063,757 460,802 5,198 1,012,468 125,031 193,340 15,810 3,250 76,789 21,062 134,490 *15,517 *51,473 744,819 20,389 677,355 32,306 10,701 *4,067 21,611,291 15,507,898 133,497 250,261 218,687 23,275 1,238,867 1,226,022 62,731 247,896 774,460 624,708 (15) 17,161,245 1,035,511 2,254,729 723,860 38,603 *222 13,155 4,971 8,754 4,762 694 4,287 *1,758 212,494 *2,855 24,266 *6,021 6,826 169,155 3,370 1,228,299 276,987 3,590 531,841 85,774 151,134 11,968 3,200 69,424 12,570 66,294 *15,517 *51,473 5,172 *1 *-1,930 *3,814 602 *2,685 6,072,528 3,734,943 17,697 72,925 128,534 6,297 234,370 468,336 38,291 11,419 176,043 5,300 (16) 1,426,868 186,103 148,176 50,891 2,946 -*868 *87 *194 *798 -*999 -11,813 *73 *7,372 -*501 *3,834 *32 82,527 *3,723 *113 46,691 25,182 5,974 *513 -*212 *60 *58 --487 -*90 *375 *22 -717,557 314,302 2,900 10,127 1,921 892 22,524 46,300 *1,227 2,785 11,574 3,969 242 9,994,224 *410,831 725,647 -*1 ---*1 ----*207,588 ----*182,717 *24,871 518,059 *306,387 (²) *34,358 (²) *62,504 *286 *3 *1,670 -*112,852 (²) -*16,996 *7 *16,990 --*32 2,681,320 1,558,072 *3,622 *-271 *119,229 -*168 *961 *90 (²) *3,820 *-204 242 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions Selected country from oil and gas extraction income 4 Taxable income (less loss) before adjustments Total Foreign taxes paid, accrued, and deemed paid Foreign taxes paid or accrued Taxes withheld at source on-Total Dividends 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..................................................................... Zimbabwe............................................................... South Africa (include Namibia)............................... Zambia.................................................................... Other Southern African countries............................ Footnotes at end of table. (13) (14) (15) (16) *94,606 -*-352 -*1,336,404 -*667,968 --*666,734 -*1,220 *14 *455,281 *5 *455,275 (²) -*1,728,657 *402,983 *60,736 *342,072 --*175 *732 ----*732 *1,324,942 *2,593 *35 -*948,975 *8,052 *365,288 *1 ---*1 -- 7,835,289 373,848 3,204,769 531,521 29,778,504 *31,137 14,171,698 2,738 8,994 6,761,310 6,713,757 201,288 483,611 1,618,515 -33,526 825,998 826,042 49,943 3,618,463 579,825 -20,994 559,060 -9,880 27,607 24,031 440,576 5,891 -33,634 1,972 4,277 462,071 2,377,095 142,671 1,970 13,043 1,557,194 7,296 654,921 222,717 561 8,309 181,946 10,396 21,505 1,700,399 111,662 1,742,683 92,651 7,047,798 *12,301 5,584,690 *46 *2,130 3,681,006 1,756,138 144,366 1,004 513,865 12,835 342,387 158,643 *4,837 1,715,561 218,412 *20,986 183,579 *1 9,171 *4,674 177,628 *1,685 18,714 *464 *1,547 155,217 1,236,008 *38,984 *1,892 *2,313 1,003,069 *3,832 185,918 83,514 *129 3,091 68,578 *7,380 *4,337 281,812 25,343 143,962 14,931 2,108,628 *1,054 1,933,301 (²) *42 1,409,708 408,364 114,629 *557 399,446 11,645 314,121 73,680 *4,837 1,362,598 207,366 *20,986 176,629 -8,451 *1,300 10,619 *1,685 5,521 *458 *344 2,610 1,120,842 *4,174 *57 -937,184 *3,686 175,742 23,772 *24 *1,824 18,397 *92 *3,435 49,198 3,058 44,071 1,724 111,198 *833 371,836 (²) -6,335 363,762 1,739 -30,917 *275 2,371 28,271 *501 8,831 *361 *4 --*357 -*1,685 -*1,428 --*256 5,866 *814 *41 -*4,252 *84 *675 919 *24 *380 *247 *90 *178 *3,660 *888 787 *77 214,353 -20,278 --*3,728 *197 *16,354 (²) 7,249 *278 6,743 229 -1,409 *1,151 -*438 -*713 -(²) ----(²) *6 ---*5 -(²) *252 -*234 *17 --- 243 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] Foreign income and taxes--Continued Deductions Selected country from oil and gas extraction income 4 Taxable income (less loss) before adjustments Total Foreign taxes paid, accrued, and deemed paid Foreign taxes paid or accrued Taxes withheld at source on-Total Dividends Interest (17) 52,725 3,730 *198 --3,004 -*30 -*430 --*67 30,238 -1,210 9,391 642 *1 9,428 5,381 -4,060 *126 -18,737 4,813 5,505 *985 5,612 1,424 *398 *21 23,908 22,173 1,254 *482 7,522 7,345 *177 --*177 -73,757 ---- (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....................................................................... Taiwan.................................................................... Hong Kong.............................................................. Japan (including Okinawa and Ryukyu Islands)...... South Korea, Republic of........................................ 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) 28,164,919 529,612 14,110 25,586 *-4,587 351,018 57,969 24,350 190,604 -1,033,815 314,712 520,804 68,862 8,111,812 18,558 623,915 1,989,687 1,172,988 148,064 886,713 2,148,404 14,212 1,007,737 41,564 59,971 19,527,018 1,314,740 1,234,353 3,800,103 11,549,583 1,562,738 65,500 -3,523 4,523,451 3,772,661 358,930 391,861 1,022,381 982,029 40,352 -907 22,776 11,367 7,116 8,373,774 4,893,001 *96,770 *50 (14) 9,009,574 499,009 *747 --86,915 9,863 1,544 *62,727 130,297 *49,301 151,151 6,464 2,515,525 *11,310 155,471 899,744 363,589 41,697 201,003 335,929 *3,058 496,516 2,550 *4,658 5,993,741 137,198 372,364 461,047 4,549,401 473,255 *476 *1,299 1,079,347 938,719 97,246 43,382 544,303 511,744 32,559 *724 22,673 6,577 *2,585 1,479,620 32,253 -(²) (15) 4,500,933 411,358 *458 --45,512 9,202 1,539 *62,727 123,071 *39,595 123,398 5,855 1,514,654 *11,054 105,391 493,347 269,769 36,772 105,063 245,611 *2,417 238,280 2,496 *4,453 2,573,642 87,240 286,030 324,271 1,607,436 268,189 *476 *1,280 433,735 390,965 34,888 7,881 419,709 396,586 23,123 *724 14,847 5,765 *1,786 1,173,066 32,253 -(²) (16) 263,780 3,821 ---2,708 -*65 -*628 -(²) *420 50,384 *61 1,579 8,951 3,001 1,002 27,074 1,084 *126 7,469 -*38 209,496 *2,846 50,560 1,758 117,432 36,900 -*79 13,818 2,830 10,912 *76 9,436 9,433 *3 *3 ---94,083 --(²) 3,633,250 *2,154,626 *1,581 *47,492 --*2,750 -*124,703 *899,474 *954,225 *124,118 *282 *1,394,111 -*226 *774,304 *501,921 *6,183 *2,101 *1,778 -*107,599 (²) -*84,512 *84,221 --*292 ---205,880 *171,054 *10,952 *23,873 -------*591,611 ---- 244 244 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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) 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. Foreign taxes paid or accrued--Continued Other taxes paid or accrued on-Branch income (19) 5,474,925 329,084 765,706 364,435 14,838 *2 *7,454 *909 *1,252 *381 *61 *3,021 *1,758 30,720 -*12,272 *1,501 *3,587 *11,381 *1,979 354,644 86,607 *1,673 147,481 17,190 26,244 *3,276 *2,205 37,840 *8,412 23,254 *463 *1,069 *2,914 --*585 *443 *1,887 2,042,612 1,078,294 *9,896 54,794 25,672 *3,175 77,781 186,221 *35,463 *1,707 84,091 *19 Specifically allocable income [section 863(b)] (20) 50,127 *198 *10,083 *41 *4 ------*4 --------*10,038 *1 *232 -*9,783 -----*23 --*33 ---*33 -*674 *408 ----------Service income (21) 288,060 26,198 38,238 6,609 2,293 *18 *82 *104 *2,010 *20 (²) *59 -3,659 -*181 *13 *13 *3,189 *263 24,856 7,153 *34 11,771 1,163 598 *389 *15 *2,280 -1,453 -*822 *765 ----*765 139,246 128,686 -*135 *342 *42 52,113 *6,326 *1 *979 *9,406 -Other income (22) 6,883,424 311,218 608,756 123,601 6,468 -*1,541 *2,671 *1,958 *2,511 *471 *-2,684 -157,520 *297 *1,729 *4,508 *63 *149,903 *1,020 321,168 68,861 *1,075 110,822 7,954 90,140 *2,791 *1,366 *1,030 *470 21,605 *15,055 -*762 -*-2,020 *2,757 *25 -2,668,294 1,774,352 *2,973 6,051 *100,520 *134 38,964 186,558 *853 *1,747 14,675 *284 Taxes deemed paid (23) 27,343,911 3,031,747 2,115,145 861,272 139,730 *360 7,714 3,020 4,792 *110,142 *110 13,593 -278,685 219,417 *20,567 *98 *4,843 11,495 22,266 835,458 183,815 *1,608 480,628 39,257 42,206 3,842 *50 7,365 8,491 68,196 --739,647 20,389 679,285 28,492 10,098 *1,382 15,538,763 11,772,955 115,800 177,336 90,153 16,977 1,004,497 757,686 24,439 236,477 598,418 619,408 2,327,460 117,812 441,423 135,123 11,391 *72 3,047 995 3,269 1,005 161 2,841 -6,025 *2,486 2,132 -488 844 *75 239,311 51,609 412 88,070 21,301 27,742 5,317 *-400 26,720 3,422 15,118 -*49,573 *162 *1 (²) *97 *31 *33 248,770 211,054 1,011 *1,096 *66 1,965 42,193 42,629 744 *2,837 52,419 *1,028 245 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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) 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................................................................... Zimbabwe.............................................................. South Africa (include Namibia).............................. Zambia................................................................... Other Southern African countries........................... Footnotes at end of table. 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) 246 3,417 8,261 36,379 *50 16,906 *53 10,704 --(²) 4,490 5,694 *520 22,676 1,697 3,101 17,878 *4,336 9,590 1,510 -1,106 -356 *48 602 -*274 *7 -*322 *662 (²) *16 -*631 -*16 6,815 -*52 3,505 *2 *3,256 69,388 *10,907 17,051 9,215 492,914 -771,741 -*42 *663,416 18,622 *89,623 *38 192,576 *6,155 168,772 17,649 -121,455 *49,813 *20,982 *20,829 -*6,750 *1,252 *4,070 *292 *3,568 --*209 *53,487 *3,359 --*12,740 *3,601 *33,787 14,085 -*1,158 12,927 --- --*90 -*317 --------*266 --*266 ---------------------------- *432 *387 572 *418 57,533 -*592 --*296 *208 *89 -9,968 *789 *2,687 6,492 -2,109 *624 -*481 -*144 -*246 -*246 ---*940 ---*152 -*788 *298 --*298 --- 155,717 *1,842 45,011 3,447 1,215,406 *168 758,150 --*735,932 21,086 *1,131 -135,792 *2,451 130,446 2,896 -1,219,205 *153,906 -*153,776 -*130 -*4,016 *1,393 *5 *452 *344 *1,823 *1,059,880 ---*919,404 -*140,476 *1,403 -*1 *1,402 --- 1,418,587 86,318 1,598,721 77,720 4,939,170 *11,247 3,651,389 *46 *2,087 2,271,299 1,347,774 29,736 *447 114,419 *1,190 28,266 84,963 -352,963 11,046 -*6,950 *1 *721 *3,374 167,009 -*13,193 *6 *1,203 152,607 115,165 *34,811 *1,835 *2,313 *65,885 *147 *10,176 59,743 *105 *1,266 50,181 *7,288 *902 246 Corporate Foreign Tax Credit, 2001 Table 3.--U.S. Corporation Income Tax Returns with a Foreign Tax Credit, 2001: Foreign Income, Deductions, and Taxes by Selected Country to Which Foreign Taxes Were Paid--Continued [All figures are estimates based on a sample--money amounts are in thousands of dollars] 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) 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..................................................................... Taiwan................................................................... Hong Kong............................................................. Japan (including Okinawa and Ryukyu Islands).... South Korea, Republic of....................................... 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.......................................... 960,841 18,544 ---12,627 *1,576 *-12 *5 4,062 -*41 *246 143,334 -10,645 6,037 14,141 *221 13,447 55,432 *5 43,292 *113 (²) 798,561 40,311 115,339 2,875 551,669 88,288 *78 *401 66,879 58,014 8,820 *45 265,863 265,228 *636 *1 *5 *629 -222,371 ---Foreign taxes paid or accrued--Continued Other taxes paid or accrued on-Branch income (19) 1,629,944 103,347 *260 --*8,606 *5,813 *1,404 *57,519 *12,194 *8,617 *5,510 *3,425 433,407 *10,993 75,348 *57,001 10,829 *16,508 40,998 168,883 *2,276 43,950 *2,221 *4,401 1,093,189 15,658 88,836 86,503 777,543 124,649 --61,346 51,785 5,011 *4,550 94,523 76,360 18,163 *720 12,708 *3,006 *1,729 437,388 ---Specifically allocable income [section 863(b)] (20) *7,104 ------------*562 -*58 -*4 -*13 *486 ----*6,542 -*135 -*6,124 *283 --*190 *170 *20 -*36 *3 *33 --*33 --31,809 --Service income (21) 22,695 4,063 ---*557 -*11 *105 *3,022 -*283 *86 7,053 -2,499 677 1,417 *294 *680 531 *10 925 *21 -10,800 1,624 3,048 *111 4,910 *1,106 -*779 8,820 8,356 *464 -16,824 14,791 *2,034 -*397 *1,637 -33,166 ---Other income (22) 1,563,845 277,853 ---18,010 *1,813 *42 *5,099 *102,736 *30,979 *117,564 *1,611 849,676 -14,053 411,290 239,736 *18,746 13,423 13,814 -138,585 *15 *14 436,317 21,987 22,606 232,038 144,146 15,539 --258,774 247,636 8,409 *2,729 25,505 23,427 2,077 -1,737 *282 *58 312,299 *444 --Taxes deemed paid (23) 4,508,640 87,651 *289 --41,403 *660 *5 -7,226 *9,705 *27,753 *609 1,000,871 *256 50,080 406,397 93,819 4,925 95,940 90,318 *641 258,236 *54 *205 3,420,099 49,958 86,334 136,776 2,941,965 205,066 -*19 645,613 547,754 62,358 *35,501 124,594 115,158 *9,436 -*7,826 *812 *799 306,555 ---- * Data should be used with caution because of the small number of sample returns on which they are based. ¹ Dividends from an Interest-Charge Domestic International Sales Corporation or a Foreign 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. 247