Which of the Following Statements Is FALSE

question 106

Multiple Choice

Which of the following statements is FALSE?

• A)The home government must establish a tax policy specifying its treatment of foreign income and foreign taxes paid on that income.
• B)The home government gets an opportunity to tax the income from a foreign project to the domestic firm.
• C)Australian tax policy requires Australian corporations to pay taxes on their foreign income at the same rate as profits earned in Australia.
• D)The general international arrangement prevailing with respect to taxation of corporate profits is that the home country gets the first opportunity to tax income.

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