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Which of the following statement(s) regarding international tax management is/are correct? i. To prevent double...

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Which of the following statement(s) regarding international tax management is/are correct? i. To prevent double taxation on the same income, many countries grant a foreign tax credit for income taxes paid to the host country. ii. Multinational companies usually do not set up subsidiaries in tax havens because this is illegal and can be penalized by tax authorities. iii. International transfer pricing is very important for multinational companies to allocate profit among different subsidiaries in different countries to reduce overall tax obligations. iv. Territorial taxation systems impose equal income tax rates on foreign income and domestic income earned by domestic firms. v. Tax deferral creates incentive for multinational companies to keep their foreign profit in their foreign subsidiaries abroad. O i, ii and iii o i, iii and iv O i, iii and v W O ii, iii and iv Oiii, iv and v

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