Jane, a citizen of Country X, received a corporate dividend in the amount of £10,000 from a company in the U.K. Country X taxed Jane's dividend as ordinary income. Country X is using what kind of approach toward foreign source income?

Question

Quizplus · Accepted Answer

Country X is using a worldwide approach toward foreign source income because they are taxing Jane's dividend as ordinary income regardless of where it was earned.

Jane, a Citizen of Country X, Received a Corporate Dividend