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I wonder an issue in this problem (2015 June Yilandwe in AFM exam). The problem stated that:”..A bilateral tax treaty exists between Yilandwe and the USA…”. But in year 1 and year 2 after the implementation of the project, there is no offset of Yilandwe tax made by imoni Co against any US tax liability incurred on Yilandwe earnings as the tax rate for this project in Yilandwe is 0% and in US is 20%. I want to ask why? Thank you
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