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21. A tax policy is one that has no impact on private decision-making, while a policy is designed to encourage specific behavior. A. flat; tax

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21. A tax policy is one that has no impact on private decision-making, while a policy is designed to encourage specific behavior. A. flat; tax incentive B. neutral; flat C. neutral; tax incentive D. worldwide; territorial Answer Questions 22-24 based on the following information: A U.S.-based MNC has a subsidiary in Slabovia. The U.S. parent's taxable income for 20201 was $500, while the Slabovian subsidiary's taxable income was $200. The US tax rate is 40%, while Slabovia's tax rate is 50%. 22. If the MNC paid full taxes in both countries, its tax rate would be %. The tax paid would be $ 23. If the MNC received full tax credit for its Slabovia tax, its tax rate would be %. It would pay an amount of $ in taxes. 24. If the MNC received full deduction for the Slabovian tax, its tax rate would be %. It would pay 4 in taxes

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