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Title: A foreign subsidiary has $2,000,000 of taxable income, a (foreign) corporate tax rate of 25%, and a Post by: boland on May 18, 2016 A foreign subsidiary has $2,000,000 of taxable income, a (foreign) corporate tax rate of 25%, and a foreign dividend withholding rate of 10%. The U.S. (domestic) parent has a corporate tax rate of 30%. What are the additional taxes paid by the U.S. domestic parent after the foreign subsidiary pays corporate and withholding taxes? Assume that the foreign subsidiary is 100% owned by the U.S. parent and that all after-tax income is paid to the U.S. parent.
A) $250,000 B) $405,000 C) $0.00 D) $600,000 Title: Re: A foreign subsidiary has $2,000,000 of taxable income, a (foreign) corporate tax rate of 25%, an Post by: noxx53 on Jun 20, 2016 Content hidden
Title: Re: A foreign subsidiary has $2,000,000 of taxable income, a (foreign) corporate tax rate of 25%, and a Post by: boland on Jul 3, 2016 This is awesome, thanks so much
Title: Re: A foreign subsidiary has $2,000,000 of taxable income, a (foreign) corporate tax rate of 25%, and a Post by: noxx53 on Jul 4, 2016 Happy to help :D
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