The Term Capital Flight Is Defined as

question 2

Multiple Choice

The term capital flight is defined as

• A) the movement of corporate money from one investment to another through investment in plants located in other nations, plant relocation within the United States, and mergers.
• B) when a company moves its production to another country, producing the same products in the same way, but with cheaper labor, lower taxes, and lower benefits to workers.
• C) taking some specific task that a company was doing in-house-such as research, call centers, accounting, or transcribing-and transferring it to an overseas company to save money and then reintegrating that work back into the overall operation.
• D) independent contractors working from their homes, paying for their own health care and retirement plan, and furnishing their own equipment.

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Definitions:

Qualified

A term indicating that an individual, account, or investment meets the criteria set by relevant regulations or laws, often for tax purposes or eligibility for certain benefits.

Beverly Hills

A city located in Los Angeles County, California, known for its luxury properties, shopping, and as a residence for many Hollywood celebrities.

Itemized Deductions

Expenses listed individually on a tax return that, if eligible, can reduce taxable income more than the standard deduction.

State Income Tax

Taxes imposed by individual states on the income of residents and sometimes non-residents, varying widely in rates and structures across the states.