(Solved):Your corporation has all of its operations in California and faces a combined state and federal

 

Question

Your corporation has all of its operations in California and faces a combined state and federal average corporate tax rate of 20 percent on your annual corporate earnings of $100 million. You could relocate to Nevada and eliminate your corporate state taxes (about half of your corporate tax liability) or you could relocate to Panama and eliminate all of your corporate taxes. The problem is, the vast majority of your

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