Which of the following is NOT a reference rate used in financial instruments such as swaps?

Select one:

a. LIBOR

b. SOFR

c. SONIA

d. SWIFT

e. All of these are reference rates used in financial instruments.

According to the data analyzed by both academic research and industry research, M&As on average decrease shareholder value for acquirer shareholders.

Select one:

True

False

All else being constant, the MNC has a tax incentive to shift __________ toward low-tax jurisdictions and shift _________ toward high-tax jurisdictions.

Select one:

a. expenses; revenues

b. revenues; expenses

c. revenues; revenues

d. expenses; expenses

e. none of the statements. Shifting revenues and expenses across subsidiaries will not help reduce tax liabilities.