16-45 The U.S.tax burden faced by domestic FIs has been minimized,in part,by the ability to use international wire networks for the transfer of funds.

Name: 16-45 The U.S.tax burden faced by domestic FIs has been minimized,in part,by the ability to use international wire networks for the transfer of funds.
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Question

Quizplus · Accepted Answer

The statement is true. Domestic FIs use international wire networks to transfer funds, and this minimizes their tax burden as they can move their profits to countries with lower tax rates.

16-45 the U