Some countries assess extremely low corporate income tax rates on foreign source income in order to

Question

Quizplus · Accepted Answer

Countries offer low corporate income tax rates on foreign source income as an incentive for tax haven affiliates of foreign multinationals to establish themselves in their jurisdictions. This is done with the hope that it will increase the country's revenue from other sources like employment taxes and other indirect taxes, eventually boosting economic growth.

Some Countries Assess Extremely Low Corporate Income Tax Rates on Foreign