1. Differentiate between a tax credit, a tax treaty, and a deferral principle. What is their importance in international business?
2. How are dividend remittances used by firms to transfer funds from foreign subsidiaries to the parent company?© BrainMass Inc. brainmass.com June 4, 2020, 4:15 am ad1c9bdddf
A tax credit differs from a tax treaty and the deferral principle due to the fact that he tax credit is essentially a reduction in the amount or deduction in the amount of the tax that is owed by an individual or organization to their national and or state government. Tax credits are important in international business due to the fact that tax credits attract foreign ...
The solution differentiates between a tax credit, a tax treaty, and a deferral principle.