The Beat |Base Erosion and Anti-Abuse Tax|

a.) Is a 10.5% tax US companies pay on the earnings of a controlled foreign corporation that exceed a 10 percent return on a companys invested foreign assets.

b.) Makes interest, dividends, rents, and royalties that is earned by a controlled foreign corporation taxable to the US parent corporation whether or not its distributed.

c.) Is a 10 percent minimum tax that applies to certain US companies that attempt to shift income to related foreign companies by making excessive tax-deductible payments to the foreign company.

Which statement is true?

a.)Worldwide tax systems are more common than territorial tax systems

b.)Income shifting never occurs as a result of different countrys tax rules

c.)Double taxation is the norm in international tax

d.)Worldwide tax systems are more common that territorial tax systems

e.)Tax inversions are more likely in countries with worldwide tax systems