American corporate taxes have _________ since 2001.
a. increased
b. stayed the same
c. decreased
Question 2
What advantages do big corporations have over individuals in sheltering their income from tax?
a. They have tremendous lobbying power in Congress, which enables them to get special tax concessions enacted that ordinary citizens could not.
b. Unlike individuals, corporations can break themselves into different entities on paper and treat phony, non-existent transactions among those entities as if they actually happened.
c. The 1986 Tax Reform Act freed corporations from paying any state income taxes.
d. a and b above
The bobcat population has seen declines in the American Midwest, but is generally stable and healthy
In 1900, Ashcan artist George Luks portrayed corporate monopolies and franchises as a monster preyin
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Introduction to Corporate Finance, 5th