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1. BMW AG is a German car manufacturer. In 2019 it sold some 10,000 cars in Canada, earning a profit of 50m . It was
1. BMW AG is a German car manufacturer. In 2019 it sold some 10,000 cars in Canada, earning a profit of 50m . It was then taxed on that profit in Canada. The corporate tax rate is a flat 15%. In addition, Germany wishes to tax the same profit. 1.1. How much tax would be due in Germany on the profit earned in Canada if the German tax rate was a flat 12%, and 1.1.1. double taxation was eliminated using ordinary credit? 1.1.2. double taxation was eliminated using exemption with progression? 1.2. How much tax would be due in Germany on the profit earned in Canada if the German tax rate was a flat 18%, and 1.2.1. double taxation was eliminated using ordinary credit? 1.2.2. double taxation was eliminated using exemption with progression? 1. BMW AG is a German car manufacturer. In 2019 it sold some 10,000 cars in Canada, earning a profit of 50m . It was then taxed on that profit in Canada. The corporate tax rate is a flat 15%. In addition, Germany wishes to tax the same profit. 1.1. How much tax would be due in Germany on the profit earned in Canada if the German tax rate was a flat 12%, and 1.1.1. double taxation was eliminated using ordinary credit? 1.1.2. double taxation was eliminated using exemption with progression? 1.2. How much tax would be due in Germany on the profit earned in Canada if the German tax rate was a flat 18%, and 1.2.1. double taxation was eliminated using ordinary credit? 1.2.2. double taxation was eliminated using exemption with progression
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