International Financial Management 8E - Eun - TBChapter 21

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1、ExamName___________________________________TRUE/FALSE.Write'T'ifthestatementistrueand'F'ifthestatementisfalse.1)Anincometaxisadirecttax.1)Answer:TrueFalseTopic:IncomeTaxMULTIPLECHOICE.Choosetheonealternativethatbestcompletesthestatementoranswersthequestion

2、.2)Thetwomainobjectivesoftaxationare2)A)taxneutralityandtaxequity.B)progressivetaxationandtaxneutrality.C)complexityandrevenue.D)socialengineeringandtaxequity.Answer:ATopic:TheObjectivesofTaxation3)Thethreebasictypesoftaxationare3)A)personaltax,corporateta

3、x,andoperatingtax.B)withholdingtax,value-addedtax,andcorporatetax.C)incometax,withholdingtax,andbusinesstax.D)incometax,withholdingtax,andvalue-addedtax.Answer:DTopic:TheObjectivesofTaxation4)Taxneutralityisdetermined4)A)bythreecriteria.B)byfourcriteria.C)

4、byonecriterion.D)bytwocriteria.Answer:ATopic:TaxNeutrality5)Taxneutralityisdeterminedbythreecriteria:whichofthefollowingdoesn'tbelong?5)A)NationalneutralityB)IncomeneutralityC)Capital-exportneutralityD)Capital-importneutralityAnswer:BTopic:TaxNeutrality16)

5、Taxneutrality6)A)hasitsfoundationsintheprinciplesofeconomicefficiencyandequity.B)isdeterminedbythreecriteria:capitalexportneutrality,capitalimportneutralityandnationalneutrality.C)canbeadifficultprincipletoapplyinpractice.D)alloftheoptionsAnswer:DTopic:Tax

6、Neutrality7)Theideathatanidealtaxshouldbeeffectiveinraisingrevenueforthegovernmentbut7)nothaveanynegativeeffectsontheeconomicdecision-makingprocessofthetaxpayerisreferredtoasA)capital-importneutrality.B)capital-exportneutrality.C)nationalneutrality.D)noneo

7、ftheoptionsAnswer:BTopic:TaxNeutrality8)Theideathattaxableincomeistaxedinthesamemannerbythetaxpayer'snationaltax8)authorityregardlessofwhereintheworlditisearnedisreferredtoasA)nationalneutrality.B)capital-exportneutrality.C)capital-importneutrality.D)noneo

8、ftheoptionsAnswer:ATopic:TaxNeutrality9)Capitalexportneutrality9)A)isanexampleofMercantilism.B)isbasedonMNChomecountryeconomicefficiency.C)isbasedonhostcountryeconomicefficiency.D)isagoalbasedonworldwideecono