Bertrand owns a foreign subsidiary with over $8 million accumulated foreign source income (on which Bertrand has
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Bertrand owns a foreign subsidiary with over $8 million accumulated foreign source income (on which Bertrand has never paid U.S. tax). The subsidiary recently purchased $500,000 worth of stock in a publicly held U.S. corporation with more than 30,000 shareholders.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Principles Of Taxation For Business And Investment Planning 2019 Edition
ISBN: 9781260161472
22nd Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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