Answer the following questions concerning inter- national corporate tax rates and tax-deductible items.
a. How is the United States government unique in the world in its allowed methods for depreciating assets?
b. For what purpose may a country reduce domestic and foreign corporate tax rates?
c. What general statement can be made about the expected range of corporate tax rates as a percent of taxable income?
d. How do most countries define the allowable recovery period for depreciable assets?