Question: Answer : - 1 ) With zero - rated sales, there is a tax credit to the seller for the VAT that the seller paid
Answer :
With zerorated sales, there is a tax credit to the seller for the VAT that the seller paid when it purchased the goods being resold.truefalse
For flow through entities, payments of profits to owners cannot be tax deductible unless represent interest True.False
For a Palestinian proprietorship, tax benefit of getting interest on productive loan of $ for one year over any internal financing source isO $O $ $
Changes in tax policies for C corporations are more frequent if compared with S corporations TrueO False
An advantage ofexternal financining over the internal financing is the extra value added TrueO False
The worldwide method of apportioning income of multinational company among states determines the extent to which a parent corporation's b accounting ranches and affiliates are included in its apportionable income and the apportionment formula TrueO False
SAVANT is an acronym for how tax planning fits into business decisions conducted by exceptionally knowledgeable person. True False If the taxes are expected to increase due to statutory future changes sufficient earnings must be currently retained in order to gain tax benefitsO TrueO False
It is to note that strategic tax management takes into account not just present but anticipated situationsO TrueO False
The firm's decision to do business in foreign countries should be consonant with its strategic plan and necessarily grants achievement of tax benefits True False
Tax planning strategies deal with the behavior of :Acompetitors, other parties in functioning environment and GovernmentbSector conditionsCCompetitorsdOther parties in functioning environment
It is not necessary to the firm to gain experience in international business in order to establish a physical presence overseas True.False
When a firm operates in multiple states, its overall business income is apportioned and taxed across states based on the relative sales, payroll, and property in each state True False
Regressive tax structure is applies by income tax directorate in Palestine when taxing corporations True.False The legal form of Flow through entities are the corporates True.False Direct Export to Joint Venture to Branch Subsidiary are the phases of business expansion across border with grate tax consequences.True False
If dividend are taxed, the corperates in Palestine and else where will be in double taxation problem True False
The average effective tax rates are computed as total taxes paid by businesses in the state divided by net business income net valueadded for the state True False
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