What is one of the main reasons companies set up shell corporations?
Obama: Foreigners Should Not Hide Behind Shell Companies

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To expand their workforce
To increase their market share
To improve customer service
To avoid paying taxes
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the proposed rule by the Treasury Department and IRS?
To increase foreign investments
To prevent foreigners from hiding assets in the U.S.
To reduce government spending
To promote international trade
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action is being called for to help law enforcement investigate financial crimes?
Increasing the number of financial institutions
Reducing the number of shell corporations
Providing additional tools to the Justice Department
Increasing taxes on corporations
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is Congress being urged to pass new legislation regarding company ownership?
To improve international relations
To reduce the number of small businesses
To enhance transparency of company ownership
To increase corporate profits
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of tax treaties mentioned in the transcript?
To promote domestic investments
To improve law enforcement's ability to tackle offshore tax evasion
To increase tax rates
To reduce the number of shell corporations
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