foreign oil and gas taxes

(2) Foreign oil and gas taxes The term “foreign oil and gas taxes” means, with respect to any taxable year, the sum of— (A) oil and gas extraction taxes, and (B) any income, war profits, and excess profits taxes paid or accrued (or deemed to have been paid or accrued under section 960 ) during the taxable year with respect to foreign oil related income (determined without regard to subsection (c)(4)) or loss which would be taken into account for purposes of section 901 without regard to this section.


26 USC § 907(b)(2)

Scoping language

for purposes of section 901
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