Solo Inc, is a Greece-based multinational firm, with an international subsidiary located in Canada.

EBIT = $600,000

Corporate Income tax rate: Canada 20%, Greece 35%

Dividend without tax rate: Canada 5%, Greece 0%

Solo Inc, will remit 100% of its earnings from the subsidiary, what are the additional Greece taxes due on the foreign-earned income from Canada under the following conditions?

Assume Greece operates under a worldwide approach, and Canada, a territorial approach to taxation. Greece does not have a foreign credit in place.

Solo Inc. is a Greece-based multinational fimm, with an international subsidiary located in Canada. Canada Greece Earings Before Taxes 5600.000 Corporate Income Tax Rate 20 35% Dividend Withholding Tax Rate Solo Inc. will remit 100% of its earnings from the subsidiary, what are the additional Greece taxes due on the foreign-earned income from Canada under the following conditions? Assume Greece operates under a worldwide approach, and Canada a territorial approach to taxation, Greece does not have a foreign tax credit in place (Please show work and final answer below) Solo Inc. is a Greece-based multinational fimm, with an international subsidiary located in Canada. Canada Greece Earings Before Taxes 5600.000 Corporate Income Tax Rate 20 35% Dividend Withholding Tax Rate Solo Inc. will remit 100% of its earnings from the subsidiary, what are the additional Greece taxes due on the foreign-earned income from Canada under the following conditions? Assume Greece operates under a worldwide approach, and Canada a territorial approach to taxation, Greece does not have a foreign tax credit in place (Please show work and final answer below)