Under the territorial method of declaring a national tax jurisdiction
A) the possibility of double taxation exists if the parent county of a foreign affiliate also levies a tax on worldwide income.
B) tax is levied on all income earned within the country by any taxpayer, domestic or foreign.
C) tax is levied on foreign residents of the country on their home-country income but not foreign-earned income.
D) none of the above
Correct Answer:
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