The Model Law Relating to the Assignment of Income Among

question 137

Multiple Choice

The model law relating to the assignment of income among the states for corporations is:

• A) Public Law 86-272.
• B) The Multistate Tax Treaty.
• C) The Multistate Tax Commission (MTC).
• D) The Uniform Division of Income for Tax Purposes Act (UDITPA).

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Definitions:

Loose Culture

A societal or organizational culture that is characterized by a relaxed approach to rules and regulations, encouraging individuality and freedom.

Beliefs and Attitudes

The personal convictions and views held by an individual or group that influence behavior and perceptions.

Tight Cultures

Societies or organizations where there are strong norms and a low tolerance for deviant behavior.

High Power Distance

A cultural dimension that refers to the degree to which less powerful members of institutions and organizations expect and accept that power is distributed unequally.