One of the Tax Advantages Toan Individual Using a Corporation

question 1

True/False

One of the tax advantages toan individual using a corporation through which to earn income in Germany is deferral of U.S. taxation on active business income earned by the corporation until such income is remitted back to the United States.

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Definitions:

Human Workers

Individuals engaged in manual or intellectual labor as part of a workforce.

Industrial Revolution

The period of great economic, technological, and social change in the 18th and 19th centuries, marked by the transition from manual production methods to machine-based manufacturing processes.

Gig Economy

A labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs.

Economic Options

The range of possible choices available to individuals, businesses, and governments in the allocation of resources to meet needs and desires.