On 19 August 2019, the U.S. IRS published a memorandum dated 6 August 2019 concerning the creditability of two French social taxes, the "contribution sociale généralisée" (CSG) and the "contribution pour le remboursement de la dette sociale" (CRDS). The memorandum includes that the IRS no longer maintains that the CSG and CRDS are ineligible for a foreign tax credit for U.S. federal income tax…