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Jonas Inc. is based in a country with a territorial approach to taxation but generates 100% of its income in a country with a worldwide

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Jonas Inc. is based in a country with a territorial approach to taxation but generates 100% of its income in a country with a worldwide approach to taxation. The tax rate in the country of incorporation is 25%, and the tax rate in the country where they earn their income is 50%. In theory, and barring any special provisions in the tax codes of either country, Jonas should pay taxes at a rate of O 75% O 50% 62.5% OX

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