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A Baldevian company is considering expanding by setting up a new factory (a branch) either...

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Accounting

A Baldevian company is considering expanding by setting up a new factory (a branch) either in the country of Baldevia or the country of Morania. Baldevia has an effective corporation tax rate of 30% Morania has an effective corporation tax rate of 40% Profits from present activity $1,000 Anticipated profits from new factory $200 Profit before tax $1,200 REQUIRED Calculate the worldwide tax if the new factory is set up in Morania using: i. The ordinary credit method; and ii. The full credit method.

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