Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. which of the following statement(s) regarding inte

Which of the following statement(s) regarding international tax management is/are correct? i. To prevent double...

90.2K

Verified Solution

Question

Finance

image

Which of the following statement(s) regarding international tax management is/are correct? i. To prevent double taxation on the same income, many countries grant a foreign tax credit for income taxes paid to the host country. ii. Multinational companies usually do not set up subsidiaries in tax havens because this is illegal and can be penalized by tax authorities. iii. International transfer pricing is very important for multinational companies to allocate profit among different subsidiaries in different countries to reduce overall tax obligations. iv. Territorial taxation systems impose equal income tax rates on foreign income and domestic income earned by domestic firms. v. Tax deferral creates incentive for multinational companies to keep their foreign profit in their foreign subsidiaries abroad. O i, ii and iii o i, iii and iv O i, iii and v W O ii, iii and iv Oiii, iv and v

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students