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ECON 3345 – Explain how the corporate tax system

Question

6. Explain how the corporate tax system could be designed to maximize world and national incomes, respectively.

a. First, state expressions that show what it means to maximize world and national incomes, and then explain how the tax system could be designed to satisfy those conditions. â¨

b. Which of the conditions fits the Canadian treatment of foreign corporate incomes best? equal? â¨

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