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Cengage Advantage Books: Foundations of the Legal Environment of Business 3rd Edition

Cengage Advantage Books: Foundations of the Legal Environment of Business (3rd Edition)

Book Edition3rd Edition
Author(s)Jennings
ISBN9781305117457
PublisherCengage Learning
SubjectBusiness
Start of Chapter
Consider
Section 6-2: Trust, Corruption, Trade, and Economics
ETHICAL ISSUES
Consider
Section 6-4: Principles of International Law
Consider
Chapter 6, End of Chapter, Review Questions, Exercise 7
Page 159

Which if the following is correct about U.S. companies that keep their funds in foreign bank accounts?

  • a.

    The companies still owe U.S. taxes on the money.

  • b.

    The IRS can reclaim the funds from these banks.

  • c.

    The companies have engaged in expropriation.

  • d.

    None of the above

Page 159