Describe the general approaches to taxation

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Question: Define "Tax Haven," "Tax Holiday," and "Effective Corporate Tax Rate."

1. Briefly state and describe the general approaches to taxation that countries can adopt.

2. Define and state the differences between "branches," "foreign subsidiaries," and "controlled foreign corporation" according to the Internal Revenue Service and state their tax treatment by the US government.

3. Define "Tax Neutrality," and "Tax Jurisdiction."

4. What is "Double Taxation" and how its burden might be eliminated or reduced?

5. What are "Foreign Tax Credit,' "Foreign Tax Deduction," and "Foreign Tax Credit Limitation"?

Reference no: EM132720381

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