A(n)________ Is a Binding Agreement Between a Multinational and the Taxing

question 49

Multiple Choice

A(n) ________ is a binding agreement between a multinational and the taxing authority to obtain approval for a specific transfer price for a number of years.

• A)Tax Treaty
• B)Advanced Transfer Pricing Arrangement
• C)Revenue Ruling
• D)Dual Price Ruling
• E)International Transfer Price

---

Definitions:

Circumstantial

Circumstantial refers to conditions or facts that are relevant to an event or action but not necessarily directly related to it, often used in legal and psychological contexts to describe surrounding conditions that may influence behaviors or outcomes.

Flight of Ideas

A thought disorder characterized by rapid shifts from one topic to another, often seen in manic states of bipolar disorder.

Loose Associations

A thought disorder characterized by a disorganized thinking process, evident when someone jumps from one idea to another with little logical connection.

Tangential

Diverging from the previous topic or path without reaching a definite goal or conclusion.