The U.S. IRS has released an international practice unit on French Foreign Tax Credits, which has been updated to reflect a recent change in position concerning the creditability of two French social taxes. As summarized in the practice unit, the IRS is no longer challenging the creditability of the French Contribution Sociale Generalisee (CSG) and Contribution au Remboursement de la Dette Sociate (CRDS) for the U.S. Foreign Tax Credit (FTC). This change is based on a shared understanding, memorialized in diplomatic communications in 2019 between the U.S. and France that the CSG and CRDS are not covered by the U.S.-France...