Income earned by the foreign company Foreign tax at 30% Net Income after foreign tax 1....

 

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Income earned by the foreign company Foreign tax at 30% Net Income after foreign tax 1. UK tax at 40 % 2. UK tax at 40 % 3. UK tax at 40 % Net Income after tax in UK Effective tax rate 1 5 200 Double Taxation 2. Deduction 3 Crede $200 $200 Income earned by the foreign company Foreign tax at 30% Net Income after foreign tax 1. UK tax at 40 % 2. UK tax at 40 % 3. UK tax at 40 % Net Income after tax in UK Effective tax rate 1 5 200 Double Taxation 2. Deduction 3 Crede $200 $200

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In this question Income is 200 the foreign tax is 30 percent Which means 70 ... View the full answer