Corporate Finance
Corporate Finance
3rd Edition
ISBN: 9780132992473
Author: Jonathan Berk, Peter DeMarzo
Publisher: Prentice Hall
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Chapter 31.3, Problem 2CC
Summary Introduction

To explain: The U.S. firms lower their taxes on foreign projects.

Introduction: International tax and valuation: International tax refers to tax levied on the cross-border transaction. It is the determination of tax on a business firm or person to the tax laws of different countries.

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