An MNC Can

question 81

Multiple Choice

An MNC can

• A)be a factor that increases the opportunities of the citizens of less developed countries.
• B)be a factor that increases the opportunity set of domestic investors.
• C)increase economic efficiency.
• D)all of the options

---

Definitions:

Statutory Source

Legal authority for certain rules or regulations; in the context of tax, it refers to laws enacted by a legislative body that dictate tax obligations.

Tax Authority

The governmental agency responsible for the administration of tax laws, collection of taxes, and enforcement of tax regulations.

Internal Revenue Code

The federal statute that codifies all the United States tax laws, including income tax, payroll tax, gift tax, estate tax, and many other types of taxes.

Tax Liability

The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority based on income, property value, transactions, or other taxable events.