The company Think Tankards has a stable foreign income, which is taxed at a low rate abroad. In each of the three preceding income years, it effectively paid usd 50m in additional US taxes on foreign income, and it expects to do the same for the years to come. For the current year, however, there…

Suppose that the corporate tax schedule in Finland is as follows: • 25 percent tax on income below eur 50,000. • 30 percent tax on income between eur 50,000 and eur 100,000. • 35 percent tax on all income exceeding eur 100,000. (a) What is the tax if a Finnish corporation's income is eur 200,000, whereof 100,000 are profits…