A U.S.formed Multinational Corporation

question 59

Multiple Choice

A U.S.formed multinational corporation
I.Can avoid the payment of tax on appreciated property by transferring the appreciated property to a controlled foreign corporation and then selling the property.
II.Is not subject to the transfer pricing rules that a foreign multinational must observe.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.