Jabo Corporation has its home office and manufacturing facilities in Peru.It sells products via the Internet in both Brazil and Chile, although it has a small sales and manufacturing facility in Santiago, Chile.
A) Under the source principle, all of Jabo's income could be taxed in Peru.
B) Under the source principle, Chile could tax all of the profits from goods sold in Chile and Brazil.
C) Under the residency principle Peru could tax all of the company's income.
D) Under the residency principle, only sales in Brazil could be taxed in Brazil.
Correct Answer:
Verified
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