The Rapid Evolution of Corporate Inversions for U

question 51

Multiple Choice

The rapid evolution of corporate inversions for U.S.-based multinationals over the past 20 years has been attributed to all of the following EXCEPT:

• A) lack of foreign tax credits.
• B) relatively high U.S. corporate tax rate.
• C) U.S. lack of global competitiveness.
• D) the worldwide tax principles.

---

Definitions:

Statement of Retained Earnings

A financial statement that outlines the changes in retained earnings for a specified period.

Net Income

The total earnings of a company after subtracting all expenses from revenue, indicating the company's profit.

Dividends

Dividends are a portion of a company's earnings that are distributed to shareholders as a reward for their investment in the company.

Net Income

The total earnings of a company after deducting all expenses, taxes, and losses, representing the profit for the period.