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Business, 29.04.2021 16:50 yesmi

1) Your company makes leather recliners. The leather is prepared in Mexico by a branch of your company then shipped to the US for construction. The recliners sell for $300 each. Your lawyers have advised you that the leather can be valued anywhere between $80 and $120. The costs in Mexico are $60, the additional costs in the US are $100. The Mexican tax rate you face is 15%, the US rate is 21%. a. What price would you set for the leather to minimize taxes

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