Which of the Following Tax Benefits Does Not Arise When

question 77

Multiple Choice

Which of the following tax benefits does not arise when a U.S. corporation forms a corporation in Ireland through which to earn business profits in Ireland?

• A)Potential exemption of U.S. tax on income earned by the corporation.
• B)Treaty benefits on cross-border payments between the Irish corporation and the U.S. corporation.
• C)Use of transfer pricing to shift income between the United States and Ireland.
• D)Flow-through of losses from the Irish corporation to the tax return of the U.S. corporation.

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Definitions:

Down's Syndrome

A genetic disorder caused by the presence of all or part of an extra 21st chromosome, characterized by physical growth delays, characteristic facial features, and mild to moderate intellectual disability.

APP Gene

A gene on chromosome 21 that encodes the amyloid precursor protein (APP), which is thought to be involved in the pathogenesis of Alzheimer's disease.

Amyloid Precursor Protein

A protein that in humans is encoded by the APP gene, and is thought to be involved in the pathological process of Alzheimer's disease.

Protein Precursor

A substance that precedes and is transformed into a protein through biological processes, often involving translation and folding.