In which of the following countries do significant differences exist between accounting income and taxable income?
A) Japan
B) The United States
C) Germany
D) France

Question

Quizplus · Accepted Answer

The United States has significant differences between accounting income and taxable income due to the complex tax laws and regulations in the country. This results in companies using various tax strategies to minimize their taxable income and pay lower taxes, which leads to differences between accounting and taxable income.

In Which of the Following Countries Do Significant Differences Exist