This Occurs When Both the Host-Country Government and the Parent

question 4

Multiple Choice

This occurs when both the host-country government and the parent company's home government tax the income of a foreign subsidiary.

• A)Double taxation
• B)Tax duplication
• C)Tax discrepancy
• D)Indirect taxation

---

Definitions:

Valet

A service employee who parks cars for guests at venues, hotels, or restaurants.

Rebuttable Presumption

A legal assumption made by a court that is taken as true unless someone comes forward to contest it and prove otherwise.

Bailee

A person or entity temporarily holding property on behalf of another, under a bailment agreement, wherein the bailee is responsible for the safeguarding of the property.

Negligence

The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.