Day 30 Flashcards
1
Q
When do Transfer Pricing issues exist?
A
When a US taxpayer shares cost with an affiliate that either
1. Is not subject to US taxes; OR
2. Does not file a consolidated tax return with the US based taxpayer
MCQ-08321
2
Q
What does not create Nexus?
A
Delivery by a common carrier
MCQ-04560
3
Q
How is the appointment factor calculated?
A
(Average payroll % + Average property % + Average sales %) ÷ 3
MCQ-04561
4
Q
The base erosion and anti-abuse tax (BEAT) applies to who?
A
Corporations with annual gross receipts of $500 million or more over a 3 year period
MCQ-08778
