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Chmura Q Dec 13

MMaciek7y ago
Hi I have a question regarding tax rates. Megham foreign subsidiary has tax rate 25%, Chmura parent company has 20%. Megham pays 25%, and then when inflows are remitted to Chmura, there is no tax beacause of bilateral tax treaty right(and Meghan country has higher tax rate)? And Chmura cannot retrieve 5% in country where is based? Thanks
MMaciek7y ago#1
I was watching live revision kit, part 1 and 2 but I think it was not discussed. By the way this Live revision kit is amazing thing, appreciate that, thanks a lot.
John MoffatJohn MoffatTutor7y ago#2
What you have written is correct. Had the tax rates been the other way round, then they would only have had to pay the extra 5%, but this way round they do not get tax refunded. And thank you for your comments - when I have the time from updating lecture notes and recording lecture on them for all of my papers, I will record more 'revision kit' lectures. :-)
MMaciek7y ago#3
OK. Thank you again.
John MoffatJohn MoffatTutor7y ago#4
You are welcome :-)
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