International taxation

INTRODUCTION11 Sending employees to another country can provide substantial prospects for our companies as well as for employees. Perspective of expatriations can be different to international assignments. While some of employees see the benefits, some of them usually feel worried about the challenges that may come up in a foreign company. Therefore, it is very important to show employees that as a company we will be supporting them personally and professionally when they go to the new country.…

Policy advisors to Mr. Trump, Peter Navarro Ph.D. in economic from Harvard University and Wilbur Ross an international private equity investor suggests in their economic plan titled Scoring the Trump Economic Plan: Trade, Regulatory & Energy Policy Impacts, the plan begins with an estimate that Mr. Trump’s tax plan costs $4.4 trillion on a “static” basis, for example, before any effect on economic growth. However, that figure assumes Mr. Trump’s 15% corporate tax rate does not apply to…

eliminates the IRS along with corporate and income taxes. In 1995, a Houston businessman, tired of wasting time on tax conversations and issues, organized a group of like-minded citizens, politicians, and businessmen to create Americans For Fair Taxation. The group, through their website, FairTax.org, quickly raised several million dollars to hire economists and university researchers to develop a plan for a new tax code. (Boortz 70). All options were to be considered. By 1999, the FairTax Act…

Short answer questions 1. Nations typically structure their tax systems along one of two basic approaches: the worldwide approach or the territorial approach. Explain these two approaches and how they differ from each other. The worldwide approach of taxes is where the domestic country of a company taxes the company on it’s overall income including income that was earned through foreign business transactions. The United States uses a worldwide approach taxing all US companies on all income…

With this documents or records, he will not be liable for any penalties (Australian Taxation Office 2014) The case of “Lurcott v Wakely and Wheeler ([1911] 1 KB 905, per Buckley LJ at 923” can be used as a reference to Dr John’s situation. The case was about a concern of a lease of an old house. The front wall of the leased house had to…

In this type of structure Daniel will gain protection for his personal assets in the event of lawsuit or debt. In addition will bring a more efficient taxation (Beesley, 2012). The currently operating model of Daniel’s business has limitations for supporting growth and longevity. An operating model describes the way that an organization decide questions such as, where will the company operate? What kind…

The biggest problem the U.S. government facing is that it does not know how much money taxpayers own in the Tax Havens. But, no country in this world can force other countries to change their regulations and laws, so the U.S. cannot ask another countries to change their laws to satisfy the U.S.. The effective way to limit the harmful effects is to ask other countries to share the information with the U.S. In May 2009; OECD removed Andorra, Liechtenstein and Monaco from the list of Uncooperative…

4. Ghana faced a severe flood that was caused by sewage drains being clogged by plastic bags, killing at least 150 people. These plastic bags serve as a concrete symbol of the spending spree Ghana’s rising consumer class has been on over the last decade. Since, Ghana lacks the infrastructure to support the garbage from the increase in spending, the country suffers multiple day blackouts and multiple hour traffic jams, which has stunted the projected growth of the country to only 3.5% this year,…

Accountants tend to wear several hats in the financial world; one of those being tax preparer. Income tax is a tax put on the income of an individual or business. The law requires all employed individuals and all businesses to file a tax return to determine whether they owe money or they receive a refund. Tax preparation is the actual process of preparing these returns, and if taxes are not prepared properly, it can increase the chance of being audited or committing tax fraud. Because tax…

are collected from individual income taxes, Social Security and other payroll taxes, corporate income taxes, excise taxes, and estate and gift taxes. Over time politicians and scholars have suggested ideas of switching to consumption based means of taxation many times but it hasn’t been well supported until the past five or six years. A consumption tax, which has many names and variations such as the “VAT” tax or “Fair tax” is the idea of a tax that eliminates all federal taxes listed above and…