Pooling of all foreign tax liabilities on earnings allows corporations to ________.

Name: Pooling of all foreign tax liabilities on earnings allows corporations to ________.
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Question

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Pooling of all foreign tax liabilities on earnings allows corporations to reduce their overall taxes by offsetting the amount paid in foreign taxes against their domestic tax liabilities. This effectively reduces their taxable income and the amount of taxes they owe.

Pooling of All Foreign Tax Liabilities on Earnings Allows Corporations