Choose the one word or phrase that best completes the sentence and fill in the appropriate answer above.
1-
When one part of a multinational organisation in one country transfers (that is, .........) goods, services or know-how to another part in another country, the price charged for these goods or services is called 'transfer price'.
A -
gives
B -
relocates
C -
sells
D -
ships
2-
According to Manfred Davidmann, this may be a purely ......... figure, meaning by this that it may be unrelated to costs incurred, to operations carried out, or to added value.
A -
ambiguated
B -
ambiguous
C -
arbitrated
D -
arbitrary
3-
In other words, it is possible for a multinational company to minimise its ......... for corporation tax by transfer pricing.
A -
culpability
B -
eligibility
C -
liability
D -
opportunity
4-
This is done without any change to procedures, operations or added value; it is done by merely changing book ..........
A -
accounts
B -
documents
C -
entries
D -
values
5-
This tax ......... is legal until governments legislate to prevent this practice.
A -
adjustment
B -
avoidance
C -
emancipation
D -
evasion
6-
If a multinational has increased its profits by this method, then the government, whose expenses have not changed, must make up this ......... elsewhere.
A -
debt
B -
defect
C -
shortfall
D -
windfall
7-
Its citizens pay more tax, the government can spend the same amount as before, and the multinational's profits have increased: in other words, the multinational's increased profits arise from money which is in ......... collected by the government from its taxpayers.
A -
detail
B -
effect
C -
fact
D -
result
8-
This is a matter far ......... from earning reasonable profits on needed quality goods and services at reasonable prices in open competition with other corporations.
A -
away
B -
cry
C -
enough
D -
removed
9-
It seems that at times some top US companies pay no federal income tax at all or obtain an overall ..........
A -
benefit
B -
debit
C -
rebate
D -
return
10-
Multinationals need to be made accountable to elected representatives of the people, for their policies and for acting for or against the national ..........