In the US, for foreign corporations that are not CFC
A) the deferral of income applies when it is foreign-based company shipping income
B) income is not taxable to the U.S parent corporation until a dividend is declared
C) the deferral of income includes bribes paid in foreign countries
D) requires that income be earned from the sale or purchase of goods produced inside the country where a tax haven corporation is located.
Correct Answer:
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