This document discusses global tax impacts related to foreign tax credit (FTC) rules in India. It summarizes key points on: 1) FTC rules in India's double taxation avoidance agreements with countries like the US, Singapore, and Japan, and the applicable withholding tax rates. 2) India's 2016 FTC rules which allow credit against tax paid abroad up to the lower of foreign tax paid or Indian tax payable on the same income. 3) An example showing potential FTC risks for companies based on their net profit margins and exports to countries like Singapore and Japan. 4) Relevant provisions in the OECD model convention regarding the credit method for eliminating double taxation.