Like income tax treaties, ____ help to avoid double taxation and stimulate direct foreign investment.

Name: Like income tax treaties, ____ help to avoid double taxation and stimulate direct foreign investment.
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Question

Like income tax treaties, ____ help to avoid double taxation and stimulate direct foreign investment.​

Quizplus · Accepted Answer

Tax credits help to avoid double taxation and stimulate direct foreign investment by allowing taxpayers to offset what they owe in one jurisdiction with the taxes they've paid in another, thus preventing the same income from being taxed twice.

Like Income Tax Treaties, ____ Help to Avoid Double Taxation