Multinational Business Finance Study Set 4
Quiz 15: Multinational Tax Management
Of the Following, Which Is Not Cited by the Authors
Of the following, which is NOT cited by the authors as an example of tax haven? A) Ireland B) Bermuda C) Cayman Islands D) Bahamas
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Tax credits are less valuable on a dollar-for-dollar basis than are tax-deductible expenses.
The U.S. Internal Revenue Service can reallocate revenues and expenses between parent corporations and their subsidiaries to more clearly reflect a proper allocation of income. In such instances it is the responsibility of the corporation to prove that the IRS has been arbitrary in its decision-making, thus establishing a "guilty until proved innocent" tax approach.
When a firm is organized with decentralized profit centers, transfer pricing between centers can help in the evaluation of each subsidiary performance.
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