The Principle by Which the Tax Authorities Allow Firms to Reduce

question 37

Multiple Choice

The principle by which the tax authorities allow firms to reduce their tax liability by the amount of income taxes paid to foreign governments is known as ________.

• A)transfer pricing
• B)a tax credit
• C)lag strategies in tax planning
• D)passive income reductions

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Definitions:

Society for Research

Society for Research is a general term that could refer to any organization or association dedicated to conducting and promoting scientific research in a specific field.

Child Development

The biological, psychological, and emotional changes that occur in human beings between birth and the end of adolescence.

American Psychological Association

A professional organization representing psychologists in the United States, dedicated to advancing psychology as a science and profession.

Minnesota Multiphasic Personality Test-II

A widely used standardized psychometric test of adult personality and psychopathology.