Mr Lee Is a Citizen and Resident of Hong Kong

question 26

Essay

Mr. Lee is a citizen and resident of Hong Kong, while Mr. Anderson is a citizen and resident of the U.S. In the taxation of income, Hong Kong uses a territorial approach, while the U.S. follows the global system. In terms of effect, explain what this means to Mr. Lee and Mr. Anderson.

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Definitions:

Eatertainment

Combines dining with entertainment to create a unique experience for customers, such as restaurants with live performances.

Oscar Night

An annual event where the Academy of Motion Picture Arts and Sciences awards Oscars to recognize excellence in cinematic achievements.

Buffet

A meal consisting of various dishes set out on a table or counter, from which guests serve themselves.

Edge Cities

Are clusters of malls, offices, and entertainment complexes that arise at the convergence point of major highways.