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You are a U.S. MNC with a 40 percent U.S. tax rate; you have an Irish affiliate organized as a branch. The corporate income tax

You are a U.S. MNC with a 40 percent U.S. tax rate; you have an Irish affiliate organized as a branch. The corporate income tax in Ireland is 12 percent. For every $11,000,000 of income the branch repatriates, the U.S. MNC will owe taxes to the U.S. Treasury in the amount of? If the Irish entity were organized as a subsidiary, how much would the U.S. MNC owe in taxes to the U.S. Treasury? If a global minimum cooperate income tax were instituted at 39.75%, how much in taxes would the U.S. MNC owe the U.S. Treasury in taxes if the Irish affiliate repatriated $5,642,317?

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