Solution-Where is the tax levied on this profit

Where is the tax levied on this profit

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Reference no: EM132648073

Problem - Locket, a U.S. C corporation, makes a sale to a customer in Sustainia, a country that applies a 25% income tax to business profits. The customer found out about Locket through an internet search. Locket has no facilities or employees outside the United States. Locket's profit on the sale totals $25,000. Where is the tax levied on this profit?

Reference no: EM132648073

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Where is the tax levied on this profit

Reference no: EM132648073

Reference no: EM132648073

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