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Under Current Tax Law,U.S.corporations Are

Question 25

Multiple Choice

Under current tax law,U.S.corporations are:


A) not permitted to claim tax payments to foreign governments as a credit against U.S.taxes.
B) permitted to claim tax payments to foreign governments as a credit against U.S.taxes.
C) exempt from the corporate income tax if they have production facilities located abroad.
D) required to pay both foreign taxes and U.S.taxes with no credits.

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