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castillo66 castillo66
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7 years ago
According to U.S. tax law, if a foreign subsidiary earns income, ________.
A) its income is immediately taxable to the parent, irrespective of the type of income earned
B) that income is not taxable to the parent company as long as the subsidiary pays income taxes in the country where it is earned
C) passive income is taxable to the parent unless the parent company is a controlled foreign corporation
D) active income is taxable to the parent when it is remitted as a dividend
Textbook 
International Business

International Business


Edition: 15th
Authors:
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vindalovindalo
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castillo66 Author
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7 years ago
Thanks for the helping hand
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