Of the Following Statements About Tax Rates in Selected Countries,which

question 55

Multiple Choice

Of the following statements about tax rates in selected countries,which is NOT true?

• A) Only developed nations impose a corporate income tax.
• B) Tax rates and other business-related information can be obtained from the OECD.
• C) Most OECD countries are high-income economies.
• D) Corporate income taxes range from high levels,for example,35 percent in the U.S.to low levels,for example,12.5 percent in Ireland.
• E) Countries that have little or no corporate income tax are known as tax havens.