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pompa pompa
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7 years ago
In the grossing up procedure, MNCs add the before-tax subsidiary income to their total taxable income, calculate the U.S. tax liability on the grossed -up income, and the related taxes are paid in the foreign country are applied as a credit against the additional U.S. tax liability.
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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alovelyalovely
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