Question 1

Westlaw offers the business primers, "Doing Business in…" for a variety of countries that provide an overview of different countries' tax environments.

Accepted Answer

A) True 
 B)False  False

Question 2

Originally, the International Bureau of Fiscal Documentation (IBFD) was simply a document repository, but now it provides expert research products.

Accepted Answer

A) True 
 B)False  True

Question 3

The state entity responsible for enacting laws regarding state revenue sources and consequently pass bills amending and augmenting their state's taxing code is called the:

Accepted Answer

A)  Judicial Agency. 
B)  Administrative Body. 
C)  State Legislature. 
D)  State Tax Commission. 
A)  Judicial Agency. 
B)  Administrative Body. 
C)  State Legislature. 
D)  State Tax Commission. C

Question 4

Why are taxpayers emphasizing multijurisdictional tax planning?

Accepted Answer

There are numerous reasons for the empha

Question 5

From an economic perspective, the objective of the international tax rules of each country should be to:

Accepted Answer

A)  prevent other coutries from copying it. 
B)  ease taxing system interactivity. 
C)  shelter profits. 
D)  discourage investments. 
A)  prevent other coutries from copying it. 
B)  ease taxing system interactivity. 
C)  shelter profits. 
D)  discourage investments.

Question 6

Companies conducting business in more than one state are subject to multistate taxation.In order to create uniformity and consistency in the measurement and determination of business and nonbusiness income the following legislation was drafted:

Accepted Answer

A)  Uniform Division of Income for Tax Purposes. 
B)  Multilateral Income Agreement. 
C)  Income Treaty. 
D)  Multi­State Accord. 
A)  Uniform Division of Income for Tax Purposes. 
B)  Multilateral Income Agreement. 
C)  Income Treaty. 
D)  Multi­State Accord.

Question 7

In today's expanding tax planning and compliance, Tax practitioners need to service their clients by adding to federal tax planning:

Accepted Answer

A)  tax analysis. 
B)  investment planning. 
C)  state and local tax planning. 
D)  Estate planning. 
A)  tax analysis. 
B)  investment planning. 
C)  state and local tax planning. 
D)  Estate planning.

Question 8

The Bloomberg BNA service makes finding state tax information easy to find by the use of:

Accepted Answer

A)  Citators. 
B)  Keywords. 
C)  State Tax Portfolios. 
D)  State Topical Indexes. 
A)  Citators. 
B)  Keywords. 
C)  State Tax Portfolios. 
D)  State Topical Indexes.

Question 9

CCH IntelliConnect offers the International Tax Planning Library.

Accepted Answer

A) True 
 B)False

Question 10

In practice, most of the countries in the world use a pure worldwide model of taxation.

Accepted Answer

A) True 
 B)False

Question 11

The federal clause most frequently providing the basis for state taxation disputes related to the states' power to tax out-of-state individuals and entities is the:

Accepted Answer

A)  Supremacy Clause. 
B)  Federal Clause. 
C)  Commerce and Due Process Clause. 
D)  Legal Perspective Clause. 
A)  Supremacy Clause. 
B)  Federal Clause. 
C)  Commerce and Due Process Clause. 
D)  Legal Perspective Clause.

Question 12

Generally, state constitutions limit the rates and types of taxes that can be imposed, and they require that tax laws show uniformity, provide equal protection, and have a:

Accepted Answer

A)  good background. 
B)  profitable end. 
C)  public purpose. 
D)  referendum. 
A)  good background. 
B)  profitable end. 
C)  public purpose. 
D)  referendum.

Question 13

The Tax Service which offers an extensive library of databases for state tax research reached through its State Materials Tab is called:

Accepted Answer

A)  LexisNexis Academic. 
B)  Bloomberg BNA. 
C)  WestlawNext Campus. 
D)  Checkpoint SALT. 
A)  LexisNexis Academic. 
B)  Bloomberg BNA. 
C)  WestlawNext Campus. 
D)  Checkpoint SALT.

Question 14

The conceptual model where a country imposes taxes on tax residents based on their worldwide income, regardless of its source is called:

Accepted Answer

A)  territorial model. 
B)  International model. 
C)  worldwide model. 
D)  continental model. 
A)  territorial model. 
B)  International model. 
C)  worldwide model. 
D)  continental model.

Question 15

Most states in the United States use which type of Judicial system?

Accepted Answer

A)  Only Superior Courts. 
B)  One­tier Judicial System. 
C)  Two­Tier Judicial System. 
D)  Three­Tier Judicial System. 
A)  Only Superior Courts. 
B)  One­tier Judicial System. 
C)  Two­Tier Judicial System. 
D)  Three­Tier Judicial System.

Question 16

When deciding where to locate new plants or headquarters, businesses must consider the level of:

Accepted Answer

A)  revenues. 
B)  expenses. 
C)  diversions. 
D)  state and local taxation. 
A)  revenues. 
B)  expenses. 
C)  diversions. 
D)  state and local taxation.

Question 17

U.S.-adopted tax treaties usually do not address state and local tax issues.

Accepted Answer

A) True 
 B)False

Question 18

The Internet site ? HYPERLINK "http://www.taxsites.com/" ?www.taxsites.com ?which contains links to numerous tax resources is called the:

Accepted Answer

A)  E-mail Highlights. 
B)  Tax and Accounting Sites Directory. 
C)  Cyberspace Tax Research. 
D)  Complete Internet Tax Research. 
A)  E-mail Highlights. 
B)  Tax and Accounting Sites Directory. 
C)  Cyberspace Tax Research. 
D)  Complete Internet Tax Research.

Question 19

"The Code provisions always take precedence over treaty provisions." Comment.

Accepted Answer

Sometimes, the Code and tax treaties may

Question 20

U.S. tax law uses a territorial approach for taxing non-U.S. taxpayers.

Accepted Answer

A) True 
 B)False

Westlaw offers the business primers, "Doing Business in…" for a variety of countries that provide an overview of different countries' tax environments.

Originally, the International Bureau of Fiscal Documentation (IBFD) was simply a document repository, but now it provides expert research products.

The state entity responsible for enacting laws regarding state revenue sources and consequently pass bills amending and augmenting their state's taxing code is called the:

Why are taxpayers emphasizing multijurisdictional tax planning?

From an economic perspective, the objective of the international tax rules of each country should be to:

Companies conducting business in more than one state are subject to multistate taxation.In order to create uniformity and consistency in the measurement and determination of business and nonbusiness income the following legislation was drafted:

In today's expanding tax planning and compliance, Tax practitioners need to service their clients by adding to federal tax planning:

The Bloomberg BNA service makes finding state tax information easy to find by the use of:

CCH IntelliConnect offers the International Tax Planning Library.

In practice, most of the countries in the world use a pure worldwide model of taxation.

The federal clause most frequently providing the basis for state taxation disputes related to the states' power to tax out-of-state individuals and entities is the:

Generally, state constitutions limit the rates and types of taxes that can be imposed, and they require that tax laws show uniformity, provide equal protection, and have a:

The Tax Service which offers an extensive library of databases for state tax research reached through its State Materials Tab is called:

The conceptual model where a country imposes taxes on tax residents based on their worldwide income, regardless of its source is called:

Most states in the United States use which type of Judicial system?

When deciding where to locate new plants or headquarters, businesses must consider the level of:

U.S.-adopted tax treaties usually do not address state and local tax issues.

The Internet site ? HYPERLINK "http://www.taxsites.com/" ?www.taxsites.com ?which contains links to numerous tax resources is called the:

"The Code provisions always take precedence over treaty provisions." Comment.

U.S. tax law uses a territorial approach for taxing non-U.S. taxpayers.

Introduction to Tax Practice and Ethics

Tax Research Methodology

Constitutional and Legislative Sources

Administrative Regulations and Rulings

Judicial Interpretations

Tax Services Ria Checkpoint

Tax Services Cch Intelliconnect

Tax Services Specialty and Others

Financial Accounting Research

Communicating Research Results

Tax Planning

Working With the Irs

Tax Practice and Administration: Sanctions, Agreements, and Disclosures

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Exam 9: Multijurisdictional and Other Research

Westlaw offers the business primers, "Doing Business in…" for a variety of countries that provide an overview of different countries' tax environments.

Originally, the International Bureau of Fiscal Documentation (IBFD) was simply a document repository, but now it provides expert research products.

The state entity responsible for enacting laws regarding state revenue sources and consequently pass bills amending and augmenting their state's taxing code is called the:

Why are taxpayers emphasizing multijurisdictional tax planning?

From an economic perspective, the objective of the international tax rules of each country should be to:

Companies conducting business in more than one state are subject to multistate taxation.In order to create uniformity and consistency in the measurement and determination of business and nonbusiness income the following legislation was drafted:

In today's expanding tax planning and compliance, Tax practitioners need to service their clients by adding to federal tax planning:

The Bloomberg BNA service makes finding state tax information easy to find by the use of:

CCH IntelliConnect offers the International Tax Planning Library.

In practice, most of the countries in the world use a pure worldwide model of taxation.

The federal clause most frequently providing the basis for state taxation disputes related to the states' power to tax out-of-state individuals and entities is the:

Generally, state constitutions limit the rates and types of taxes that can be imposed, and they require that tax laws show uniformity, provide equal protection, and have a:

The Tax Service which offers an extensive library of databases for state tax research reached through its State Materials Tab is called:

The conceptual model where a country imposes taxes on tax residents based on their worldwide income, regardless of its source is called:

Most states in the United States use which type of Judicial system?

When deciding where to locate new plants or headquarters, businesses must consider the level of:

U.S.-adopted tax treaties usually do not address state and local tax issues.

The Internet site ? HYPERLINK "http://www.taxsites.com/" ?www.taxsites.com ?which contains links to numerous tax resources is called the:

"The Code provisions always take precedence over treaty provisions." Comment.

U.S. tax law uses a territorial approach for taxing non-U.S. taxpayers.

Introduction to Tax Practice and Ethics

Tax Research Methodology

Constitutional and Legislative Sources

Administrative Regulations and Rulings

Judicial Interpretations

Tax Services Ria Checkpoint

Tax Services Cch Intelliconnect

Tax Services Specialty and Others

Financial Accounting Research

Communicating Research Results

Tax Planning

Working With the Irs

Tax Practice and Administration: Sanctions, Agreements, and Disclosures

Filters