Under its blended model, the U.S. taxes corporate income in the following way:
A) It imposes taxes on the worldwide income of domestic corporations and the income of foreign entities that is connected with a U.S. business.
B) It imposes taxes on worldwide income of domestic corporations even if the income is not brought back into the U.S.
C) It gives an unlimited foreign tax credit for the full amount of taxes paid to other countries.
D) All of the above.
Correct Answer:
Verified
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