us tax system 2

The U.S. tax system is one of the few, if not the only, system that taxes individuals and businesses on their worldwide income. This has caused some firms to employ tactics to reduce their worldwide income to be competitive with foreign firms operating in the U.S. That, in turn, has let many to complain about how corporations use the international arena to reduce their U.S. taxable income. What is the right answer and why?

Document needs to be in 200 words and have appropiate references.

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