The U.S. Internal Revenue Service can reallocate revenues and expenses between parent corporations and their subsidiaries to more clearly reflect a proper allocation of income
In such instances it is the responsibility of the corporation to prove that the IRS has been arbitrary in its decision-making, thus establishing a "guilty until proved innocent" tax approach.
Indicate whether the statement is true or false.
Answer: TRUE
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The absence of a legal system that protects property rights and the lack of machinery to enforce that system in a market economy usually results in:
A. an improvement in the operating efficiency of newly privatized firms. B. reduced barriers to foreign direct investment and international trade. C. an increase in the incentives to engage in economic activity. D. deregulation and privatization of the economy. E. the lack of incentive to engage in economic activity.
The value of ? depends on the actual value of ? or p
Indicate whether the statement is true or false