Author Question: The principle by which the tax authorities allow firms to reduce their tax liability by the amount ... (Read 24 times)

casperchen82

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The principle by which the tax authorities allow firms to reduce their tax liability by the amount of income taxes paid to a foreign government is known as a tax credit.
 
  Indicate whether the statement is true or false

Question 2

Labor cost advantages gained by moving into a country with low wages may be short-lived because tax increases cancel out the low-wage advantages.
 
  Indicate whether the statement is true or false


cloudre37

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Answer to Question 1

TRUE

Answer to Question 2

FALSE



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