Waiver of denial
(A) In general
(A)In general#
Paragraph (1) shall not apply with respect to taxes paid or accrued to a country if the President—
(i) determines that a waiver of the application of such paragraph is in the national interest of the United States and will expand trade and investment opportunities for United States companies in such country; and
(ii) reports such waiver under subparagraph (B).
(A)(i)#
determines that a waiver of the application of such paragraph is in the national interest of the United States and will expand trade and investment opportunities for United States companies in such country; and
(A)(ii)#
reports such waiver under subparagraph (B).
(B)Report#
Not less than 30 days before the date on which a waiver is granted under this paragraph, the President shall report to Congress—
(i) the intention to grant such waiver; and
(ii) the reason for the determination under subparagraph (A)(i).
(B)(i)#
the intention to grant such waiver; and
(B)(ii)#
the reason for the determination under subparagraph (A)(i).