GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:57 May 23, 2002 |
Spanish to English translations [Non-PRO] Bus/Financial | |||||||
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| Selected response from: Marian Greenfield Local time: 17:43 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +1 | where the worldwide income is recorded |
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5 +1 | worldwide income is taxed |
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4 +1 | the income of the whole world is taxed in the USA |
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the income of the whole world is taxed in the USA Explanation: that is what I understand, but does this make sense? Only if you interpret that the interests on the loans to other countries have their incidence on the local taxes assesed, which could be true, since most countries of the world are indebted to the USA. |
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where the worldwide income is recorded Explanation: the income from the other countries around the world is recorded in the US. In accounting terms, I would say worldwide. |
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