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Which of the following is true? a. The branch profits tax equates...

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Accounting

Which of the following is true?
a. The branch profits tax equates the tax treatment of the U.S. branch with the U.S. subsidiary operations by imposing a tax equal to 30% of a foreign corporations dividend equivalent.
b. The anti-earnings stripping provisions prevents stripping the earnings of a U.S. subsidiary through interest payments.
c. This anti-earnings stripping provision restricts the deductibility of business interest to 30% of the adjusted taxable income plus interest income.
d. All of the above.Which of the following is true?
a. The branch profits tax equates the tax treatment of the U.S. branch with the U.S. subsidiary operations by imposing a tax equal to 30% of a foreign corporations dividend equivalent.
b. The anti-earnings stripping provisions prevents stripping the earnings of a U.S. subsidiary through interest payments.
c. This anti-earnings stripping provision restricts the deductibility of business interest to 30% of the adjusted taxable income plus interest income.
d. All of the above.

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