In a(n) ______ tax system, the multinational's worldwide income is taxed by the home country as this income is repatriated to the parent company.

Question

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In a worldwide tax system, a country taxes the global income of its residents (both individuals and corporations). This means that multinational corporations are taxed on their income from all over the world by their home country, typically when the income is repatriated (brought back) to the parent company.

In A(n) ______ Tax System, the Multinational's Worldwide Income Is