Question 1

Generally, local governments are authorized to impose taxes by the:

Accepted Answer

A)  state statutory or constitutional provisions. 
B)  State Governor. 
C)  the President of the U. S. 
D)  Chairman of the U. S. Treasury. 
A)  state statutory or constitutional provisions. 
B)  State Governor. 
C)  the President of the U. S. 
D)  Chairman of the U. S. Treasury.

Question 2

Once tax statutes are enacted, they must be interpreted and enforced.These duties usually fall to entities created by either statutory or constitutional provisions. These entities are called:

Accepted Answer

A)  State Legislatures. 
B)  Constitutional Statutes. 
C)  Judicial Systems. 
D)  Administrative Agencies. 
A)  State Legislatures. 
B)  Constitutional Statutes. 
C)  Judicial Systems. 
D)  Administrative Agencies.

Question 3

The U.S. blended model encourages U.S. domestic corporations to retain earnings in foreign countries and postpone repatriation as long as possible.

Accepted Answer

A) True 
 B)False

Question 4

BNA offers Country Portfolios covering the taxation of business operations in specific countries.

Accepted Answer

A) True 
 B)False

Question 5

Discuss in brief about some of the most useful resources offered within the CCH International Tax Service.

Accepted Answer

Answers: This service provides corporate

Question 6

The transfer pricing rules target multinational companies that use the price-setting process in intercompany transactions to report low taxable income in high-tax countries and high taxable income in the low-tax countries.

Accepted Answer

A) True 
 B)False

Question 7

The clause which goal is to create a national economy unencumbered by discriminatory, arbitrary jurisdictional standards of the states is called the:

Accepted Answer

A)  Supremacy Clause. 
B)  Due Process Clause. 
C)  Commerce Clause. 
D)  Equal Protection Clause. 
A)  Supremacy Clause. 
B)  Due Process Clause. 
C)  Commerce Clause. 
D)  Equal Protection Clause.

Question 8

Foreign taxpayers (also known as nonresident aliens) generally are subject to federal taxes only on:

Accepted Answer

A)  average wages after taxes. 
B)  the tax wedge. 
C)  U.S. source income. 
D)  all income. 
A)  average wages after taxes. 
B)  the tax wedge. 
C)  U.S. source income. 
D)  all income.

Question 9

The ultimate goal of a corporate tax director in international tax planning is to reduce the company's overall global
effective tax rate.

Accepted Answer

A) True 
 B)False

Question 10

Briefly explain the U.S. blended model of international taxation and the purpose of the foreign tax credit.

Accepted Answer

The United States uses a blended model o

Question 11

Generally, inventory sales are sourced by the location of the seller.

Accepted Answer

A) True 
 B)False

Question 12

Westlaw offers one portal to international taxation materials, through the standard service, Westlaw Taxation.

Accepted Answer

A) True 
 B)False

Question 13

With a territorial model of taxation, a foreign tax credit is needed to ensure that the income is not taxed twice.

Accepted Answer

A) True 
 B)False

Question 14

A native country's taxation of its citizens' foreign­source income involves inbound transactions.

Accepted Answer

A) True 
 B)False

Question 15

The OECD is an organization known for its:

Accepted Answer

A)  belief in democratic governments and market economies. 
B)  support of tax havens. 
C)  publication of economic and social data and statistics. 
D)  only (a) and (c). 
A)  belief in democratic governments and market economies. 
B)  support of tax havens. 
C)  publication of economic and social data and statistics. 
D)  only (a) and (c).

Question 16

The law that prevents the income taxation of interstate commerce if a company's only business within the state is the solicitation of orders for sales of tangible personal property is called the:

Accepted Answer

A)  Interstate Commerce Law. 
B)  Interstate Income Law. 
C)  Legal Perspective Law. 
D)  Public Law. 
A)  Interstate Commerce Law. 
B)  Interstate Income Law. 
C)  Legal Perspective Law. 
D)  Public Law.

Question 17

The Checkpoint tax product which provides a comprehensive set of analytical treaties and texts is named:

Accepted Answer

A)  RIA International Taxes Weekly 
B)  Tax Management Portfolios. 
C)  RIA International Tax Library (ITL) 
D)  Worldwide Tax Treaties. 
A)  RIA International Taxes Weekly 
B)  Tax Management Portfolios. 
C)  RIA International Tax Library (ITL) 
D)  Worldwide Tax Treaties.

Generally, local governments are authorized to impose taxes by the:

Once tax statutes are enacted, they must be interpreted and enforced.These duties usually fall to entities created by either statutory or constitutional provisions. These entities are called:

The U.S. blended model encourages U.S. domestic corporations to retain earnings in foreign countries and postpone repatriation as long as possible.

BNA offers Country Portfolios covering the taxation of business operations in specific countries.

Discuss in brief about some of the most useful resources offered within the CCH International Tax Service.

The transfer pricing rules target multinational companies that use the price-setting process in intercompany transactions to report low taxable income in high-tax countries and high taxable income in the low-tax countries.

The clause which goal is to create a national economy unencumbered by discriminatory, arbitrary jurisdictional standards of the states is called the:

Foreign taxpayers (also known as nonresident aliens) generally are subject to federal taxes only on:

The ultimate goal of a corporate tax director in international tax planning is to reduce the company's overall global effective tax rate.

Briefly explain the U.S. blended model of international taxation and the purpose of the foreign tax credit.

Generally, inventory sales are sourced by the location of the seller.

Westlaw offers one portal to international taxation materials, through the standard service, Westlaw Taxation.

With a territorial model of taxation, a foreign tax credit is needed to ensure that the income is not taxed twice.

A native country's taxation of its citizens' foreignsource income involves inbound transactions.

The OECD is an organization known for its:

The law that prevents the income taxation of interstate commerce if a company's only business within the state is the solicitation of orders for sales of tangible personal property is called the:

The Checkpoint tax product which provides a comprehensive set of analytical treaties and texts is named:

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

Exam 9: Multijurisdictional and Other Research

Generally, local governments are authorized to impose taxes by the:

Once tax statutes are enacted, they must be interpreted and enforced.These duties usually fall to entities created by either statutory or constitutional provisions. These entities are called:

The U.S. blended model encourages U.S. domestic corporations to retain earnings in foreign countries and postpone repatriation as long as possible.

BNA offers Country Portfolios covering the taxation of business operations in specific countries.

Discuss in brief about some of the most useful resources offered within the CCH International Tax Service.

The transfer pricing rules target multinational companies that use the price-setting process in intercompany transactions to report low taxable income in high-tax countries and high taxable income in the low-tax countries.

The clause which goal is to create a national economy unencumbered by discriminatory, arbitrary jurisdictional standards of the states is called the:

Foreign taxpayers (also known as nonresident aliens) generally are subject to federal taxes only on:

The ultimate goal of a corporate tax director in international tax planning is to reduce the company's overall global effective tax rate.

Briefly explain the U.S. blended model of international taxation and the purpose of the foreign tax credit.

Generally, inventory sales are sourced by the location of the seller.

Westlaw offers one portal to international taxation materials, through the standard service, Westlaw Taxation.

With a territorial model of taxation, a foreign tax credit is needed to ensure that the income is not taxed twice.

A native country's taxation of its citizens' foreign­source income involves inbound transactions.

The OECD is an organization known for its:

The law that prevents the income taxation of interstate commerce if a company's only business within the state is the solicitation of orders for sales of tangible personal property is called the:

The Checkpoint tax product which provides a comprehensive set of analytical treaties and texts is named:

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

A native country's taxation of its citizens' foreignsource income involves inbound transactions.