On the example on page 29, Schweser bk 4, why don’t we need to add the tax credit of $14.25 back in the calculation of total after-tax return, as did on #10 of the concept checker? thanks!
Come on people post the entire question. Its not like we all have all our Schweser books just sitting on our desk.
Edit: +1 to people posting the question - if you want help, do the decent thing and post up the question. Don’t know about the concept checker, but is it possible that they have just netted off the tax credit against the domestic rate? So if home country has income tax of 30%, and you get a foreign tax credit of 15% for the witholding tax, then you can just ignore the foreign tax, and treat it as if you’re only taxed at home.