In the case study an American bank that had opened operation

In the case study, an American bank that had opened operations in an Italian city ran into serious difficulties when it tried to pay its Italian taxes according to American practices, rather than the accepted Italian ones. Select one: True False

Solution

Answer:- In the case study, an American bank that had opened operations in an Italian city ran into serious difficulties when it tried to pay its Italian taxes according to American practices, rather than the accepted Italian ones.

Correct Answer:- True

Reason:- if anyone is conducting any business or money earning venture at a location, the taxes have to be paid as per the law and policies of the land rather than the origin of the entity.