U.S. to give citizens tax credit for French income levies - court

LONDON (Reuters) - The U.S. tax authority has accepted that French-resident U.S. citizens can deduct certain previously disallowed income levies paid to France, against their U.S. income tax bills, according to a U.S. Tax Court filing.The change could save France-based Americans thousands of dollars each year, and lead to back-tax claims against the U.S. of up to $100 million (£79.7 million), Stuart Horwich of Horwich Law, who represented two U.S. taxpayers who took a legal case against the..