Question: Please read the below and answer the question at the end: 1) USP, a US corporation, owns 100% of German Inc., a German corporation and
Please read the below and answer the question at the end:
1) USP, a US corporation, owns 100% of German Inc., a German corporation and 5% of UK Inc, a UK corporation.
German distributes a $100,000 dividend to USP and UK distributes a $50,000 dividend to USP.
How much withholding tax will USP be subject to assuming they are eligible for treaty benefits and the US model treaty is the applicable treaty?
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