The Brazilian subsidiary of a Canadian company has Before Tax earnings of BRL 30 million. Corporate Tax
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Question:
The Brazilian subsidiary of a Canadian company has Before Tax earnings of BRL 30 million. Corporate Tax rate in Brazil is 25%. The brazilian establishment charges an yearly depreciation of BRL 4 Million. If the subsidiary remits all the after tax cash flow to the Canadian parent, what will be the CAD cash inflow from the Brazilian subsidiary if BRL/CAD is 0.2366?
Related Book For
Discrete and Combinatorial Mathematics An Applied Introduction
ISBN: 978-0201726343
5th edition
Authors: Ralph P. Grimaldi
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