Of the following statements about tax rates in selected countries,which is NOT true?
A) Only developed nations impose a corporate income tax.
B) Tax rates and other business-related information can be obtained from the OECD.
C) Most OECD countries are high-income economies.
D) Corporate income taxes range from high levels,for example,35 percent in the U.S.to low levels,for example,12.5 percent in Ireland.
E) Countries that have little or no corporate income tax are known as tax havens.
Correct Answer:
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