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
American Cocker Spaniel
Young American Alligators basking
The American clipper ship, Red Jacket, off Cape Horn, sails from Australia to Liverpool, England, in
September 11, 2001.
Association of Different HLA Alleles and Increased Susceptibility to Autoimmune Diseases
Corporate Finance: The Core