Question 4 Corporate income taxes are 18 percent and 35 percent in Singapore and India, respectively....
Question 4
Corporate income taxes are 18 percent and 35 percent in
Singapore and India, respectively. Assume the nations have a tax
treaty that eliminates double taxation by allowing a tax credit for
foreign taxes.
What is the effective tax rate for a Singaporean firm doing
business in India? (use pp.pp%)
Homework Answers
effective tax rate will be 35%
Assume a business income of $100. The firm will pay 18% tax in India = $18
In Singapore, the firm will have to pay 35%*100 -18 = $17
Total tax paid = 18+17=35
Hence tax rate = 35%
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Question 4
Corporate income taxes are 18 percent and 35 percent in
Singapore and India, respectively....
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