MNCS CAN EXPECT TO PAY TWO CATEGORIES OF INCOME TAXES

75. MNCs can expect to pay two categories of income taxes: a. Income taxes in any country where they receive income and income taxes in any country. Where they purchase materials. b. Income taxes on present income and income taxes on expected income. c. Domestic income taxes in the country where they are organized and foreign income taxes in other countries where they conduct business operations. d. Income taxes in countries where income is earned and income taxes in countries from which they withdraw funds.