Explain how the doctrine of stare decisis works. Why is itimportant?A corporation currently has...Explain...

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Accounting

Explain how the doctrine of stare decisis works. Why is itimportant?
A corporation currently has income solely generated within theUnited States. However, next year the corporation plans to extendinto foreign markets. What tax issues may arise?

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Doctrine of stare decisis can be explained as the theory that obligates the courts to take into consideration the rulings of historical cases to give their verdicts in similar cases in the present as well as in the future In simple terms See Answer

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In: AccountingExplain how the doctrine of stare decisis works. Why is itimportant?A corporation currently has...Explain how the doctrine of stare decisis works. Why is itimportant?A corporation currently has income solely generated within theUnited States. However, next year the corporation plans to extendinto foreign markets. What tax issues may arise?