Which of the Following Statements Is False in Regard to the U.S

question 10

Multiple Choice

Which of the following statements is false in regard to the U.S. income tax treaty program?

• A) There are over 50 income tax treaties between the U.S. and other countries.
• B) Tax treaties generally provide for primary taxing rights that require the other treaty partner to allow a credit for the taxes paid on the twice-taxed income.
• C) Residence of the taxpayer is an important consideration in applying tax treaties, while the presence of a permanent establishment is not.
• D) None of the above statements is false.

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Definitions:

Ethnocentric

Holding the belief that one's own culture, nation, or ethnicity is superior to others.

Apathetic

Showing or feeling no interest, enthusiasm, or concern; a lack of emotion or passion.

Double-Checking

The practice of verifying accuracy or completeness of information, work, or calculations more than once to ensure correctness.

Ethics

The moral principles that govern a person's behavior or the conducting of an activity, often guiding decision-making and actions in a professional setting.