What do the terms active and passive mean in the context of U.S. taxation of foreign source

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What do the terms active and passive mean in the context of U.S. taxation of foreign source income?

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Multinational Business Finance

ISBN: 978-0133879872

14th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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Question Posted: Jan 19, 2017 10:00 AM

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What do the terms active and passive mean in the context of U.S. taxation of foreign source

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Active income the income arising from manufacturing or provision of services is difficult to shift a...View the full answer

Multinational Business Finance

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