Of the Following, Which Country Has the Wealthiest Pay the Lowest

question 50

Multiple Choice

Of the following, which country has the wealthiest pay the lowest taxes and have more tax loopholes?

• A) The United States
• B) Germany
• C) France
• D) England

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Definitions:

Equity

The value of an owner's interest in a company, calculated as the difference between the company's assets and liabilities.

Assets

Economic resources owned or controlled by a business or individual that are expected to bring future benefits.

Liabilities

Financial obligations or debts a company owes to others that must be paid in the future.

Assets

Resources owned by a business or individual that have economic value.