The United States taxes all earnings on U.S. soil by both domestic and foreign firms. This is an example of a ________ approach to levying taxes.

Question

Quizplus · Accepted Answer

The territorial approach to taxation involves taxing only the income earned within the country's borders, regardless of the taxpayer's nationality. The U.S. taxing all earnings on its soil aligns with this approach.

The United States Taxes All Earnings on U