Finance swap practice question

Which of the following statements regarding intemational tax management is/are true? 1. Tax deferral creates incentive for multinational companies to keep their forcign profit in their foreign subsidtaries abroad. 14. Multinational companies usually do not set up subsidiaries in tax havens because this is illegal and can be penalized by tax aut 1\%. International transfer pricing is very important for multinational companies to allocate profit arnong different subsidiaries in d countries to reduce overall tax obligations. Iv. Territorial taxation systems usually do not tax foreign income carned by domestic furms. v. Corporate income tax rates are generally increasing globally over the past two decades. 1. ii and v only iii. iv and v only i., ili and iv only i. iili and iv only ii, iil and v only