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true or false A multinational parent firm is located in country A that has a tax rate of 40% and owns a subsidiary that is
true or false A multinational parent firm is located in country A that has a tax rate of 40% and owns a subsidiary that is located in country B which has a tax rate of 20%. The parent produces a supercomputer using a chip produced by the subsidiary. The multinational has an incentive to set a transfer price for the chip that is less than the arm's length price to lower its taxes
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