Direct tax an indirect tax

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Identify each of the following as a “direct tax,” an “indirect tax,” or something else:

Interest received by a U.S. parent on bank deposits held in London

Interest received by a U.S. parent on a loan to a subsidiary in Mexico

Principal repayment received by U.S. parent from Belgium on a loan to a wholly owned subsidiary in Belgium

A direct contribution to the International Committee of the Red Cross for refugee relief

Reference no: EM131517329

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