PRESCOTT INTERNATIONAL INC. IS BASED IN A COUNTRY WITH A WORLDWID...

167. - BT THANH TOAN QUOC TE MULTINATIONAL FINANCIAL MANAGEMENT DAP AN
BT THANH TOAN QUOC TE MULTINATIONAL FINANCIAL MANAGEMENT DAP AN
167. Prescott International Inc. is based in a country with a worldwide approach to taxation but generates 100% of its income in a country with a territorial approach to taxation. The tax rate in the country of incorporation is 20%, and the tax rate in the country where they earn their income is 30%. In theory, and barring any special provisions in the tax codes of either country, Jensen should pay taxes at a rate of __________. a. 44% b. 80% c. 56% d. 30%