True or False: The USA requires companies to pay the difference between lower foreign taxes and the

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True or False: The USA requires companies to pay the difference between lower foreign taxes and the USA corporate-tax rate of 35 percent when they bring their international earnings home. In contrast, a territorial system that many other countries use allows companies to pay little to no taxes on foreign profits above what they have already paid abroad. The USA is the only nation that imposes taxes on foreign earnings? Discuss implications of your answer.
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