Which of the following is true? a. The branch profits tax equates...
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Accounting
Which of the following is true?
a The branch profits tax equates the tax treatment of the US branch with the US subsidiary operations by imposing a tax equal to of a foreign corporations dividend equivalent.
b The antiearnings stripping provisions prevents stripping the earnings of a US subsidiary through interest payments.
c This antiearnings stripping provision restricts the deductibility of business interest to of the adjusted taxable income plus interest income.
d All of the above.Which of the following is true?
a The branch profits tax equates the tax treatment of the US branch with the US subsidiary operations by imposing a tax equal to of a foreign corporations dividend equivalent.
b The antiearnings stripping provisions prevents stripping the earnings of a US subsidiary through interest payments.
c This antiearnings stripping provision restricts the deductibility of business interest to of the adjusted taxable income plus interest income.
d All of the above.
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