Tax Treaties

question 19

Multiple Choice

Tax treaties

• A)can minimize double taxation.
• B)can permit taxes paid in one country to offset taxed paid in another country.
• C)usually allow the net tax paid to be the lesser of the taxes imposed by the two countries claiming jurisdiction over the income.
• D)All of the above.
• E)A and b.only.

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Definitions:

Milliliters

A unit of volume in the metric system, equivalent to one-thousandth of a liter, used to measure liquids or gases.

Liters

A metric unit of volume equal to one cubic decimeter or 1,000 cubic centimeters, often used for measuring liquids.

Milligrams

A unit of mass equal to one thousandth of a gram, used in measurements of small quantities of substances.

Grams

A unit of mass equal to one thousandth of a kilogram in the metric system, commonly used for measuring small quantities of material.