Nations usually follow one of two basic approaches to international taxation:
A)A regional approach or a state approach
B)A district approach or a general approach
C)A residential approach or a regional approach
D)A residential approach or a territorial approach
E)A regional approach or a territorial approach

Question

Quizplus · Accepted Answer

The two basic approaches to international taxation are the residential approach and territorial approach. The residential approach taxes individuals or entities based on their residence regardless of where the income is earned, while the territorial approach taxes individuals or entities based on where the income is earned. Most countries follow one of these two approaches, with some adopting a hybrid system that combines elements of both.

Nations Usually Follow One of Two Basic Approaches to International