This topic contains a solution. Click here to go to the answer

Author Question: From 2001 to 2003, American companies such as Toys R Us avoided paying state income taxes on nearly ... (Read 93 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
From 2001 to 2003, American companies such as Toys R Us avoided paying state income taxes on nearly two-thirds of their U.S. profits, resulting in a cost to state governments of 42 billion.
 
  Indicate whether the statement is true or false

Question 2

Due to tax reform efforts in the U.S., federal and state corporate income taxes amount to an ever-increasing percentage of our GDP.
 
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nmyers

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

T

Answer to Question 2

F





 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library