Select the best answer Which of the following is a correct statement regarding the new base erosion and anti-abuse (BEAT) legislation? A helse erosion tax is Structured as an excise tak B. The tax does not apply to payments from donjestic corporations to foreign affiliates. The tax does not apply to the effectively connected income of foreign corporations engaged in US trade or business The tax was created to prevent the shifting of income to foreign affiliates in lower-tax jurisdictions