Green Valley Exporters USA has $100,000 of before tax foreign income. The host country has a...
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Green Valley Exporters USA has $100,000 of before tax foreign income. The host country has a corporate income tax rate of 25% and the U.S. has a corporate income tax rate of 35%. If the U.S. has no bilateral trade agreement with the host country, Green Valley receives no tax credit from the U.S. for the tax paid to the host country. What is the total amount of income taxes (to both the host country and the U.S.) Green Valley Exporters will pay? Green Valley Exporters USA has $100,000 of before tax foreign income. The host country has a corporate income tax rate of 25% and the U.S. has a corporate income tax rate of 35%. If the U.S. has no bilateral trade agreement with the host country, Green Valley receives no tax credit from the U.S. for the tax paid to the host country. What is the total amount of income taxes (to both the host country and the U.S.) Green Valley Exporters will pay?
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Answer rating: 100% (QA)
Taxes paid to host country income before tax x 25 100000 x25 ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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