One of the Tax Advantages to Using a Corporation Through

question 91

True/False

One of the tax advantages to 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:

Congress

The national legislative body of the United States, composed of the House of Representatives and the Senate.

Executive Agreements

Legally binding agreements between the president of the United States and foreign nations, not requiring Senate approval.

Treaty Power

This refers to the power of a country, often exercised by its executive branch, to negotiate, sign, and ratify treaties with other countries, subject to legislative approval in some cases.

Senate

The upper chamber of the United States Congress, consisting of two senators from each state, responsible for making and passing federal laws.