Author Question: In order to avoid double taxation on the income of foreign subsidiary companies, U.S. tax law: A) ... (Read 77 times)

Cooldude101 · **on:** Jun 24, 2018

In order to avoid double taxation on the income of foreign subsidiary companies, U.S. tax law:
A) does not tax income repatriated to the U.S. parent company.
B) allows the U.S. parent company to take a 100 percent tax credit for foreign income taxes paid.
C) provides a deduction for foreign income taxes paid.
D) none of the above. U.S. companies are usually subject to double taxation when they have foreign subsidiaries.

Question 2

The right to privacy means that individuals
A) cannot gossip about each other
B) cannot be lawfully searched.
C) can yell Fire in a crowded theater.
D) are protected against intrusions by others.