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Which of the following statements accurately describe the imputation tax system? Group of answer choices It is a common taxation system throughout the world. It

Which of the following statements accurately describe the imputation tax system?

Group of answer choices

It is a common taxation system throughout the world.

It incentivizes firms to keep retain franking credits for future use.

More than one of the other statements are correct.

It is designed to prevent double taxation.

None of the other statements are correct.

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