The term participation Exemption means

a.)United States company gets a 10% tax deduction for all money invested in a foreign company

b.)Distributions of earnings to United states companies from controlled foreign subsidiaries in the form of dividends is not subject to united states tax.

c.)United States companies defer unites States on all foreign company profits indefinitely by not repatriating the earnings

d.)United States companies are never taxed on any earnings of foreign subsidiaries

e.)A United States gets 10% tax deduction for all money invested in foreign company.

Which tax system does a country use if it only taxes income that is earned in the country?

a.)Worldwide tax system

b.)Worldwide tax system

c.)Territorial tax system

d.)Hybrid worldwide/Territorial tax system

e.)Unitary tax system