How much beat will usa logistics owe in the current year

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Reference no: EM133659503

Question: USA Logistics (a US corporation) is a wholly-owned subsidiary of EuroConnect (a foreign corporation). In the current year, USA Logistics had $99,000,000 of US taxable income (all US source), calculated as follows: Gross Income 825,000,000 Deductible Royalties (all paid to EuroConnect) (350,000,000) Other deductible expenses (all paid to unrelated parties) (376,000,000) Taxable Income 99,000,000. If EuroConnect is located in a country that does not have a treaty with the US, how much BEAT will USA Logistics owe in the current year? Briefly explain and/or show and label all computations necessary to support your response.

Reference no: EM133659503

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