Hines, James R. (contributor) - 2004
less than one percent of the world’s population (outside the United States), and 2.3
percent of world GDP, but host 5 … activity that takes place within
their borders. In addition, some countries – including the United States – tax the foreign … (35 percent of $100) is reduced to $25 by the foreign tax credit of $10.
6
The United States is not alone in taxing the …