One of the most important topics as an Expat is to understand your tax implications. Tax Equalization is a complex concept. The presentation tries to introduce this concept in simple terms.
Tax Equalization for Payroll Professionals Immedis
This document discusses tax equalization policies and administration for expatriate employees. It defines key terms like expatriate and outlines different types of international assignments. The main tax policy models - laissez faire, tax protection, and tax equalization - are explained. Tax equalization aims to make the employee's tax burden similar to what it would be in their home country. The document provides an example of how tax equalization works in practice, with the employer paying actual taxes and reconciling any difference from estimated taxes after filing. Issues like handling payments and gross ups are also addressed.
The document discusses migrant workers in India. It provides definitions and statistics on internal and international migration in India. Some key points:
- Nearly half of all international migrants globally are women, and women are increasingly migrating for work.
- India has over 63 million child migrants, 30 million of whom are girls. Many child migrants work in exploitative conditions.
- The states with the highest numbers of migrant workers are Chhattisgarh, Kerala, and Maharashtra.
- The Inter-State Migrant Workmen Act was passed in 1979 to regulate conditions for workers moving between states but has not been effectively implemented.
- During the COVID-19 lockdown in India, at least
The Role of Multinational Corporations a Case Study- NestleNikita Jangid
1. A multinational corporation (MNC) is a company that operates in multiple countries, with management headquartered in one country but conducting business in several other host countries.
2. MNCs engage in activities like exporting, importing, and manufacturing across different countries. They take a global perspective in decision-making.
3. Some of the earliest MNCs included the Knights Templar in the 12th century, the British East India Company in 1600, and the Dutch East India Company in 1602. Today there are over 40,000 MNCs operating globally.
- A joint venture is an arrangement where two or more businesses combine resources for a defined undertaking. Joint ventures can be equity-based or non-equity.
- Sinobangla is a China-Bangladesh joint venture established in 1996 to produce industrial bags. It imports machinery from China, India, Germany, USA and Canada.
- Khan Brothers PP Woven Bag Industries Ltd is a domestic Bangladeshi company established in 2006 that also produces industrial bags.
This document discusses unemployment, including its definition, measurement, types, causes, and rates in Pakistan. It defines unemployment as people who are without work but actively seeking employment. There are four main types of unemployment discussed - frictional, seasonal, cyclical, and structural. Frictional unemployment results from transitions between jobs, seasonal from industries that vary by season, cyclical from insufficient aggregate demand in the economy, and structural from mismatch between worker skills and job requirements. Causes and measures to address unemployment are also reviewed.
The triple bottom line consists of financial profit (or success), social justice, and environmental protection. It is sometimes summarized as “Profits, People, and Planet.” An intimately related concept is “sustainability”---corporations that are built to last, societies that are stable and just, and a global natural environment that is in a healthy equilibrium. The basic argument is that we live in a time when a narrow, short-term focus on the financial bottom line alone will generate dysfunctions among people and in the environment that will come back to bite the corporation.
Sustainability and the “3BL” are, instead, about mutual benefits flowing in all three directions. The challenge is to find the sustainability “sweet spot” (think golf) where all three interests coincide. Example: Toyota’s Prius low-fuel hybrid benefits the environment, the people who build or buy them, and the owners of the company. Certainly there will be trade-offs; 3BL choices and strategies will require negotiation and compromise. But this is now an economic reality, not just an altruistic dream
It could be argued that what’s new here is just a strong case that financially successful companies must think more broadly and holistically and be sure to take into account all their stakeholder interests, including the environment and society. But it is still the financial bottom line driving the business.
Business ethics is a huge canvas, bigger than sustainability, CSR, corporate governance, or the 3BL. Business ethics is about doing the right thing and building good organizations. Business ethics and values grow out of purposes, missions, and visions and are organically intertwined with corporate cultures. There are more than three bottom lines---there are bottom lines related to every stakeholder. Business ethics doesn’t just ask how to keep three of those stakeholders (owners, environment, society) going and make them last (sustain them) but about what is right and fair and just, about what would constitute excellence and success.
The world may continue to shrink in light of advanced technology, higher demands from markets and faster turnaround times, globalization has become a staple for world commerce and international business.
Tax Equalization for Payroll Professionals Immedis
This document discusses tax equalization policies and administration for expatriate employees. It defines key terms like expatriate and outlines different types of international assignments. The main tax policy models - laissez faire, tax protection, and tax equalization - are explained. Tax equalization aims to make the employee's tax burden similar to what it would be in their home country. The document provides an example of how tax equalization works in practice, with the employer paying actual taxes and reconciling any difference from estimated taxes after filing. Issues like handling payments and gross ups are also addressed.
The document discusses migrant workers in India. It provides definitions and statistics on internal and international migration in India. Some key points:
- Nearly half of all international migrants globally are women, and women are increasingly migrating for work.
- India has over 63 million child migrants, 30 million of whom are girls. Many child migrants work in exploitative conditions.
- The states with the highest numbers of migrant workers are Chhattisgarh, Kerala, and Maharashtra.
- The Inter-State Migrant Workmen Act was passed in 1979 to regulate conditions for workers moving between states but has not been effectively implemented.
- During the COVID-19 lockdown in India, at least
The Role of Multinational Corporations a Case Study- NestleNikita Jangid
1. A multinational corporation (MNC) is a company that operates in multiple countries, with management headquartered in one country but conducting business in several other host countries.
2. MNCs engage in activities like exporting, importing, and manufacturing across different countries. They take a global perspective in decision-making.
3. Some of the earliest MNCs included the Knights Templar in the 12th century, the British East India Company in 1600, and the Dutch East India Company in 1602. Today there are over 40,000 MNCs operating globally.
- A joint venture is an arrangement where two or more businesses combine resources for a defined undertaking. Joint ventures can be equity-based or non-equity.
- Sinobangla is a China-Bangladesh joint venture established in 1996 to produce industrial bags. It imports machinery from China, India, Germany, USA and Canada.
- Khan Brothers PP Woven Bag Industries Ltd is a domestic Bangladeshi company established in 2006 that also produces industrial bags.
This document discusses unemployment, including its definition, measurement, types, causes, and rates in Pakistan. It defines unemployment as people who are without work but actively seeking employment. There are four main types of unemployment discussed - frictional, seasonal, cyclical, and structural. Frictional unemployment results from transitions between jobs, seasonal from industries that vary by season, cyclical from insufficient aggregate demand in the economy, and structural from mismatch between worker skills and job requirements. Causes and measures to address unemployment are also reviewed.
The triple bottom line consists of financial profit (or success), social justice, and environmental protection. It is sometimes summarized as “Profits, People, and Planet.” An intimately related concept is “sustainability”---corporations that are built to last, societies that are stable and just, and a global natural environment that is in a healthy equilibrium. The basic argument is that we live in a time when a narrow, short-term focus on the financial bottom line alone will generate dysfunctions among people and in the environment that will come back to bite the corporation.
Sustainability and the “3BL” are, instead, about mutual benefits flowing in all three directions. The challenge is to find the sustainability “sweet spot” (think golf) where all three interests coincide. Example: Toyota’s Prius low-fuel hybrid benefits the environment, the people who build or buy them, and the owners of the company. Certainly there will be trade-offs; 3BL choices and strategies will require negotiation and compromise. But this is now an economic reality, not just an altruistic dream
It could be argued that what’s new here is just a strong case that financially successful companies must think more broadly and holistically and be sure to take into account all their stakeholder interests, including the environment and society. But it is still the financial bottom line driving the business.
Business ethics is a huge canvas, bigger than sustainability, CSR, corporate governance, or the 3BL. Business ethics is about doing the right thing and building good organizations. Business ethics and values grow out of purposes, missions, and visions and are organically intertwined with corporate cultures. There are more than three bottom lines---there are bottom lines related to every stakeholder. Business ethics doesn’t just ask how to keep three of those stakeholders (owners, environment, society) going and make them last (sustain them) but about what is right and fair and just, about what would constitute excellence and success.
The world may continue to shrink in light of advanced technology, higher demands from markets and faster turnaround times, globalization has become a staple for world commerce and international business.
Unemployment Problem & Solutions : Bangladesh Tourism ProspectFazlea Allahie
Unemployment Problem & Solutions: Bangladesh Tourism Prospect
If you want this copy of the document please contact send an email to the following id: fazleaallahie@gmail.com
This document discusses labour migration in India, including key facts, reasons for migration, effects, and statistics. Some main points:
- Major source states for migrant labour include Uttar Pradesh, Bihar, and Odisha, while destination states are Delhi, Maharashtra, and Punjab.
- Internal migration is divided into intra-state and inter-state, with intra-state migration occurring within a state's borders being much larger.
- Common reasons for migration include lack of employment and higher wages in urban areas, as well as debt repayment by working for contractors.
- Effects can include possible exploitation through poor working conditions, low pay, or deprivation of legal rights. Government agencies work to enforce protections and rescue
Corporate social responsibility (CSR) involves businesses operating ethically and contributing to economic development while improving lives. CSR definitions emphasize behaving ethically, meeting legal and public expectations, and contributing to sustainability. Recent corporate frauds show that profit alone can enable unethical practices, so CSR considers all stakeholders. Engaging in CSR can improve financial performance, reduce reputational risk, enhance brand image through positive PR, increase customer loyalty, improve culture and staff recruitment/retention, improve government relations, and help multinationals overcome issues with new markets.
An international joint venture refers to a cooperative operation formed by two or more independent entities from different countries. The joint venture is a separate legal entity jointly controlled by its parent companies. Reasons for forming an international joint venture include creating greater market power by combining resources, reducing risk by sharing it, and cooperating to avoid expensive competing. Partners contribute international know-how and local connections, reputation, markets, labor, finance, technologies, and distribution. Compatible partners have different but not conflicting strategic interests and each can supply necessary resources.
A Cultural & Economic Analysis of Singapore for making Market Entry DecisionsUniversity of Connecticut
This document, a group presentation effort by SDMIMD students including me, was meant to be an assignment for the Capstone course. This will help marketers make a business entry decision into Singapore.
This document discusses the selection, training, and compensation of expatriate managers. It describes three types of staffing policies organizations use to fill international positions. It also identifies four dimensions that predict expatriate success: self-orientation, others orientation, perceptual ability, and cultural toughness. Regarding training, it states that cultural, language, and practical training can help reduce expatriate failure. Finally, it outlines the common components of an expatriate compensation package, including base salary, allowances, and ensuring equal purchasing power across countries through adjustments.
The document discusses organized and unorganized sectors in India. It defines the unorganized sector as small, unincorporated private enterprises with less than 10 workers that lack formal legal status and protections. The organized sector follows government rules and regulations. In the 1990s, employment grew over 4% annually in the organized sector but declined slightly in the unorganized sector. By the late 1990s, job losses in the organized sector increased absorption of workers by the unorganized sector. The two sectors now show greater interdependence and convergence than in the past.
Overview of International Business Legal IssuesJim Chester
This document summarizes a presentation about practicing law in a globalized world. It discusses three main elements of private international law: international business transactions, international trade law, and international civil litigation. For each element, it provides examples of common legal issues and notes that the vast majority (95% or more) is governed by domestic rather than international law. However, it also discusses some of the special international considerations and conventions that apply to the small percentage of cross-border legal work.
Challenges of Globalization and while managing resources in IHRM. Sundar B N
International human Resources management
The document discusses the challenges of managing human resources internationally in the context of globalization. It begins with defining key terms like globalization and international human resources management. It then discusses some of the specific challenges of IHRM like diversity recruitment, the need for professional development and training, developing language capabilities, and managing cultural differences that arise from operating across borders. The conclusion states that while globalization presents opportunities, governments must implement policies to ensure it benefits rather than harms domestic industries.
Economic Impacts of COVID-19 on Growth, Poverty and Food Systems in Malawi: I...IFPRIMaSSP
IFPRI-Malawi webinar, 10 June 2020
Bob Baulch, Rosemary Botha and Karl Pauw
Development Strategy and Governance Division
International Food Policy Research Institute (IFPRI)
The document discusses different ways of measuring unemployment and types of unemployment. It provides statistics on unemployment in the UK compared to other countries. Key points include:
1) There are different ways to measure unemployment, including the claimant count and labour force survey.
2) There are different types of unemployment, such as frictional, structural, cyclical, and real wage unemployment.
3) Unemployment imposes economic and social costs, including lost output and increased poverty and health issues. It also negatively impacts businesses and increases government spending.
An expatriate is a person who resides in a country other than their native country, either temporarily or permanently. Expatriates include professionals, skilled workers, and artists sent abroad by employers for positions where they typically earn more than local employees. While the term is often used to refer to those sent abroad for work, it can also include retirees and others who have chosen to live outside their home country. Expatriate failure is defined as an unplanned early return and can negatively impact companies through monetary costs, damage to reputation in the host country, and personal costs to the expatriate. Common causes of failure include culture shock, family stress, poor candidate selection, and climate issues.
Brain drain refers to the emigration of skilled professionals from developing countries to developed countries. This occurs because developing countries cannot match the higher wages and better opportunities available abroad. While migration benefits individual migrants and their new host countries, it negatively impacts the development of source countries. Specifically, brain drain results in a shortage of skilled workers like doctors, engineers and teachers needed for local industries, infrastructure projects and healthcare systems. It also increases national training and replacement costs as skilled migrants must be replaced. If not addressed, brain drain will hollow out developing countries and impair their economic growth by continuously depleting their human capital resources.
Expatriates are employees sent by organizations to work in other countries on long- or short-term projects to help establish operations overseas, enter new markets, and transfer skills. Expatriates face cultural shock, loneliness, language barriers, and relationship issues abroad. Human resource management can help through cross-cultural training focusing on awareness, knowledge, and skills to prepare expatriates and their families for living in another culture and ease the adaptation process. It is also important to help employees when they return home through repatriation courses that address reverse culture shock and social and financial adjustments.
This document discusses strategies for global companies operating across cultures and in different countries. It outlines four main strategic orientations for global companies - ethnocentric, polycentric, regioncentric, and geocentric. It also discusses the tension between the globalization imperative and pressures for regional and national responsiveness. The document provides guidance on conducting business in specific countries, including China, Russia, India, France, and Poland. It offers tips on cultural norms, negotiation styles, building relationships, and navigating the business environment in these countries.
Industrial growth and environment in bangladesh basharAbu Khairul Bashar
A country's economic and social development essentially depends on the industrial sector. A growing Industrial sector is a prerequisite for growth, employment creation and improvement in people's livelihood.
The contribution of this important sector to Bangladesh economy has been increasing. The contribution of the broad industry sector to the Gross Domestic Product (GDP) has increased from 17.31% in 1980-81 to 31.98% in 2013-14. The industrial sector plays a importance role for economic growth as well as rapid employment generation.
The document discusses various topics related to entry modes and global distribution for international business. It describes different entry modes like exporting, joint ventures, acquisitions, etc. It also discusses strategic alliances, original equipment manufacturing, and their significance. Additionally, it covers topics like entry modes and marketing control, optimal entry strategies, global distribution functions, international channels of distribution, transportation, parallel distribution and its effects, and developing an effective global distribution system.
Technological advancements are a major driver of globalization. Technology allows companies to compete globally with less capital investment and travel through knowledge sharing and internet connectivity. There are two modes of advancing technology - innovation of new technologies and adoption of technologies from elsewhere. While adoption enhances living standards, innovation is important for long term growth. Technological changes reduce communication and transportation costs, facilitating global trade networks. Information technology in particular has reduced barriers through tools like the World Wide Web. 80% of globalization is estimated to be technology driven, impacting areas like outsourcing and cultural spread through inventions. Technology transfer aims to increase productivity, encourage foreign investment, and support economic development. However, introducing new technologies takes time and late adoption can limit
Advanced Financial Acct-I Chap 1-6 .pptxYasin Abdela
This document discusses accounting for share-based payment transactions under IFRS 2. It covers the objective and scope of IFRS 2, which is to require entities to recognize share-based payments in their financial statements. It addresses equity-settled, cash-settled, and transactions where the entity has a choice of settlement. Key terms like share-based payment transaction and fair value are defined. It also discusses arguments against recognition but notes the IASB rejected these. Recognition and measurement of equity-settled and cash-settled transactions are covered at a high level.
ACCT323 Final exam1.Which of the following represents .docxannetnash8266
ACCT323 Final exam
1.
Which of the following represents the largest percentage of state tax revenue?
Sales tax
Individual income tax
Other
Property tax
None of these
2.
Congress recently approved a new, bigger budget for the IRS. What taxation concept evaluates the cost of administering our tax law?
Convenience
Economy
Certainty
Equity
None of these
3.
The city of Granby, Colorado recently enacted a 1.5% surcharge on vacation cabin rentals that will help pay for the city's new elementary school. This surcharge is an example of _______.
A sin tax to discourage undesirable behavior
A government fine
An earmarked tax
Both A and C
None of these
4.
If Susie earns $750,000 in taxable income, how much tax will she pay as a single taxpayer for year 2012?
$231,639.50
$262,500.00
$239,261.00
$236,435.00
None of these
5.
Which of the following is not considered a primary authority?
Tax Court case.
Regulation.
Revenue Ruling.
Tax service.
None of these.
6.
Which of the following is not a factor that determines whether a taxpayer is required to file a tax return?
rev: 03_21_2013_QC_28372
Filing status.
Taxpayer's gross income.
Taxpayer's occupation.
Taxpayer's age.
None of these.
7
.
Corporations are required to file a tax return only if their taxable income is greater than:
$0.
$1,000.
$600.
$750.
None of these. Corporations are always required to file a tax return.
8.
Lavonda discovered that the U.S. Circuit Court of Appeals for the Federal Circuit has recently issued a favorable opinion with respect to an issue that she is going to litigate with the IRS. Lavonda should choose which of the following trial courts to hear her case:
Tax Court only.
U.S. Court of Federal Claims only.
U.S. District Court only.
Tax Court or the U.S. District Court.
Tax Court or the U.S. Court of Federal Claims.
9.
Jason's employer pays year-end bonuses each year on December 31. Jason, a cash basis taxpayer, would prefer to not pay tax on his bonus this year (and actually would prefer his daughter to pay tax on the bonus). So, he leaves town on December 31, 2011 and has his daughter, Julie, pick up his check on January 2nd, 2012. Who reports the income and when?
Julie in 2011
Julie in 2012
Jason in 2011
Jason in 2012
None of these
Top of Form
10.
Investing in municipal bonds to avoid paying tax on interest earned and to earn a higher after-tax yield is an example of:
conversion
tax evasion
timing
income shifting
None of these
Bottom of Form
11.
Which of the following increases the benefits of income deferral?
increasing tax rates
smaller after-tax rate of return
larger after-tax rate of return
smaller magnitude of transactions
None of these
12.
Which of the following is an example of the timing strategy?
A corporation paying its shareholders a $20,000 dividend
A parent employing her child in the family business
A taxpayer gifting stock to his children
A cash-basis busi.
Unemployment Problem & Solutions : Bangladesh Tourism ProspectFazlea Allahie
Unemployment Problem & Solutions: Bangladesh Tourism Prospect
If you want this copy of the document please contact send an email to the following id: fazleaallahie@gmail.com
This document discusses labour migration in India, including key facts, reasons for migration, effects, and statistics. Some main points:
- Major source states for migrant labour include Uttar Pradesh, Bihar, and Odisha, while destination states are Delhi, Maharashtra, and Punjab.
- Internal migration is divided into intra-state and inter-state, with intra-state migration occurring within a state's borders being much larger.
- Common reasons for migration include lack of employment and higher wages in urban areas, as well as debt repayment by working for contractors.
- Effects can include possible exploitation through poor working conditions, low pay, or deprivation of legal rights. Government agencies work to enforce protections and rescue
Corporate social responsibility (CSR) involves businesses operating ethically and contributing to economic development while improving lives. CSR definitions emphasize behaving ethically, meeting legal and public expectations, and contributing to sustainability. Recent corporate frauds show that profit alone can enable unethical practices, so CSR considers all stakeholders. Engaging in CSR can improve financial performance, reduce reputational risk, enhance brand image through positive PR, increase customer loyalty, improve culture and staff recruitment/retention, improve government relations, and help multinationals overcome issues with new markets.
An international joint venture refers to a cooperative operation formed by two or more independent entities from different countries. The joint venture is a separate legal entity jointly controlled by its parent companies. Reasons for forming an international joint venture include creating greater market power by combining resources, reducing risk by sharing it, and cooperating to avoid expensive competing. Partners contribute international know-how and local connections, reputation, markets, labor, finance, technologies, and distribution. Compatible partners have different but not conflicting strategic interests and each can supply necessary resources.
A Cultural & Economic Analysis of Singapore for making Market Entry DecisionsUniversity of Connecticut
This document, a group presentation effort by SDMIMD students including me, was meant to be an assignment for the Capstone course. This will help marketers make a business entry decision into Singapore.
This document discusses the selection, training, and compensation of expatriate managers. It describes three types of staffing policies organizations use to fill international positions. It also identifies four dimensions that predict expatriate success: self-orientation, others orientation, perceptual ability, and cultural toughness. Regarding training, it states that cultural, language, and practical training can help reduce expatriate failure. Finally, it outlines the common components of an expatriate compensation package, including base salary, allowances, and ensuring equal purchasing power across countries through adjustments.
The document discusses organized and unorganized sectors in India. It defines the unorganized sector as small, unincorporated private enterprises with less than 10 workers that lack formal legal status and protections. The organized sector follows government rules and regulations. In the 1990s, employment grew over 4% annually in the organized sector but declined slightly in the unorganized sector. By the late 1990s, job losses in the organized sector increased absorption of workers by the unorganized sector. The two sectors now show greater interdependence and convergence than in the past.
Overview of International Business Legal IssuesJim Chester
This document summarizes a presentation about practicing law in a globalized world. It discusses three main elements of private international law: international business transactions, international trade law, and international civil litigation. For each element, it provides examples of common legal issues and notes that the vast majority (95% or more) is governed by domestic rather than international law. However, it also discusses some of the special international considerations and conventions that apply to the small percentage of cross-border legal work.
Challenges of Globalization and while managing resources in IHRM. Sundar B N
International human Resources management
The document discusses the challenges of managing human resources internationally in the context of globalization. It begins with defining key terms like globalization and international human resources management. It then discusses some of the specific challenges of IHRM like diversity recruitment, the need for professional development and training, developing language capabilities, and managing cultural differences that arise from operating across borders. The conclusion states that while globalization presents opportunities, governments must implement policies to ensure it benefits rather than harms domestic industries.
Economic Impacts of COVID-19 on Growth, Poverty and Food Systems in Malawi: I...IFPRIMaSSP
IFPRI-Malawi webinar, 10 June 2020
Bob Baulch, Rosemary Botha and Karl Pauw
Development Strategy and Governance Division
International Food Policy Research Institute (IFPRI)
The document discusses different ways of measuring unemployment and types of unemployment. It provides statistics on unemployment in the UK compared to other countries. Key points include:
1) There are different ways to measure unemployment, including the claimant count and labour force survey.
2) There are different types of unemployment, such as frictional, structural, cyclical, and real wage unemployment.
3) Unemployment imposes economic and social costs, including lost output and increased poverty and health issues. It also negatively impacts businesses and increases government spending.
An expatriate is a person who resides in a country other than their native country, either temporarily or permanently. Expatriates include professionals, skilled workers, and artists sent abroad by employers for positions where they typically earn more than local employees. While the term is often used to refer to those sent abroad for work, it can also include retirees and others who have chosen to live outside their home country. Expatriate failure is defined as an unplanned early return and can negatively impact companies through monetary costs, damage to reputation in the host country, and personal costs to the expatriate. Common causes of failure include culture shock, family stress, poor candidate selection, and climate issues.
Brain drain refers to the emigration of skilled professionals from developing countries to developed countries. This occurs because developing countries cannot match the higher wages and better opportunities available abroad. While migration benefits individual migrants and their new host countries, it negatively impacts the development of source countries. Specifically, brain drain results in a shortage of skilled workers like doctors, engineers and teachers needed for local industries, infrastructure projects and healthcare systems. It also increases national training and replacement costs as skilled migrants must be replaced. If not addressed, brain drain will hollow out developing countries and impair their economic growth by continuously depleting their human capital resources.
Expatriates are employees sent by organizations to work in other countries on long- or short-term projects to help establish operations overseas, enter new markets, and transfer skills. Expatriates face cultural shock, loneliness, language barriers, and relationship issues abroad. Human resource management can help through cross-cultural training focusing on awareness, knowledge, and skills to prepare expatriates and their families for living in another culture and ease the adaptation process. It is also important to help employees when they return home through repatriation courses that address reverse culture shock and social and financial adjustments.
This document discusses strategies for global companies operating across cultures and in different countries. It outlines four main strategic orientations for global companies - ethnocentric, polycentric, regioncentric, and geocentric. It also discusses the tension between the globalization imperative and pressures for regional and national responsiveness. The document provides guidance on conducting business in specific countries, including China, Russia, India, France, and Poland. It offers tips on cultural norms, negotiation styles, building relationships, and navigating the business environment in these countries.
Industrial growth and environment in bangladesh basharAbu Khairul Bashar
A country's economic and social development essentially depends on the industrial sector. A growing Industrial sector is a prerequisite for growth, employment creation and improvement in people's livelihood.
The contribution of this important sector to Bangladesh economy has been increasing. The contribution of the broad industry sector to the Gross Domestic Product (GDP) has increased from 17.31% in 1980-81 to 31.98% in 2013-14. The industrial sector plays a importance role for economic growth as well as rapid employment generation.
The document discusses various topics related to entry modes and global distribution for international business. It describes different entry modes like exporting, joint ventures, acquisitions, etc. It also discusses strategic alliances, original equipment manufacturing, and their significance. Additionally, it covers topics like entry modes and marketing control, optimal entry strategies, global distribution functions, international channels of distribution, transportation, parallel distribution and its effects, and developing an effective global distribution system.
Technological advancements are a major driver of globalization. Technology allows companies to compete globally with less capital investment and travel through knowledge sharing and internet connectivity. There are two modes of advancing technology - innovation of new technologies and adoption of technologies from elsewhere. While adoption enhances living standards, innovation is important for long term growth. Technological changes reduce communication and transportation costs, facilitating global trade networks. Information technology in particular has reduced barriers through tools like the World Wide Web. 80% of globalization is estimated to be technology driven, impacting areas like outsourcing and cultural spread through inventions. Technology transfer aims to increase productivity, encourage foreign investment, and support economic development. However, introducing new technologies takes time and late adoption can limit
Advanced Financial Acct-I Chap 1-6 .pptxYasin Abdela
This document discusses accounting for share-based payment transactions under IFRS 2. It covers the objective and scope of IFRS 2, which is to require entities to recognize share-based payments in their financial statements. It addresses equity-settled, cash-settled, and transactions where the entity has a choice of settlement. Key terms like share-based payment transaction and fair value are defined. It also discusses arguments against recognition but notes the IASB rejected these. Recognition and measurement of equity-settled and cash-settled transactions are covered at a high level.
ACCT323 Final exam1.Which of the following represents .docxannetnash8266
ACCT323 Final exam
1.
Which of the following represents the largest percentage of state tax revenue?
Sales tax
Individual income tax
Other
Property tax
None of these
2.
Congress recently approved a new, bigger budget for the IRS. What taxation concept evaluates the cost of administering our tax law?
Convenience
Economy
Certainty
Equity
None of these
3.
The city of Granby, Colorado recently enacted a 1.5% surcharge on vacation cabin rentals that will help pay for the city's new elementary school. This surcharge is an example of _______.
A sin tax to discourage undesirable behavior
A government fine
An earmarked tax
Both A and C
None of these
4.
If Susie earns $750,000 in taxable income, how much tax will she pay as a single taxpayer for year 2012?
$231,639.50
$262,500.00
$239,261.00
$236,435.00
None of these
5.
Which of the following is not considered a primary authority?
Tax Court case.
Regulation.
Revenue Ruling.
Tax service.
None of these.
6.
Which of the following is not a factor that determines whether a taxpayer is required to file a tax return?
rev: 03_21_2013_QC_28372
Filing status.
Taxpayer's gross income.
Taxpayer's occupation.
Taxpayer's age.
None of these.
7
.
Corporations are required to file a tax return only if their taxable income is greater than:
$0.
$1,000.
$600.
$750.
None of these. Corporations are always required to file a tax return.
8.
Lavonda discovered that the U.S. Circuit Court of Appeals for the Federal Circuit has recently issued a favorable opinion with respect to an issue that she is going to litigate with the IRS. Lavonda should choose which of the following trial courts to hear her case:
Tax Court only.
U.S. Court of Federal Claims only.
U.S. District Court only.
Tax Court or the U.S. District Court.
Tax Court or the U.S. Court of Federal Claims.
9.
Jason's employer pays year-end bonuses each year on December 31. Jason, a cash basis taxpayer, would prefer to not pay tax on his bonus this year (and actually would prefer his daughter to pay tax on the bonus). So, he leaves town on December 31, 2011 and has his daughter, Julie, pick up his check on January 2nd, 2012. Who reports the income and when?
Julie in 2011
Julie in 2012
Jason in 2011
Jason in 2012
None of these
Top of Form
10.
Investing in municipal bonds to avoid paying tax on interest earned and to earn a higher after-tax yield is an example of:
conversion
tax evasion
timing
income shifting
None of these
Bottom of Form
11.
Which of the following increases the benefits of income deferral?
increasing tax rates
smaller after-tax rate of return
larger after-tax rate of return
smaller magnitude of transactions
None of these
12.
Which of the following is an example of the timing strategy?
A corporation paying its shareholders a $20,000 dividend
A parent employing her child in the family business
A taxpayer gifting stock to his children
A cash-basis busi.
This document discusses international taxation for multinational corporations. It covers key topics like how taxes affect investment decisions, different tax rates and types of taxes across countries, and strategies to minimize double taxation. The objective for multinational companies is to minimize worldwide taxes by taking advantage of differences in tax laws and rates between countries where they operate.
While federal income tax aims to be progressive by taxing higher incomes at higher rates, the overall tax system is not truly progressive due to various factors. Federal income tax accounts for about two-thirds of taxes paid, but state taxes are often regressive, taking a larger share from low and middle incomes. Some states have no income tax, instead relying on other taxes like sales tax. The interaction of federal, state, and local taxes determines the true burden faced by income groups.
This document provides an overview of taxes, specifically income tax. It discusses direct and indirect taxes, how income tax is collected internationally, and key concepts in double taxation treaties. Direct taxes are paid by the party bearing the cost, while indirect taxes are collected from one party but paid by another. Income tax can be collected at the source of income or in the country of residence through tax credits. Double taxation treaties determine which country has the right to tax different types of income like business profits, royalties, and fees to avoid double taxation between countries.
The document provides information about the tax credit for first-time home buyers authorized by the American Recovery and Reinvestment Act of 2009. It defines eligible home buyers as those who have not owned a principal residence in the last three years. The tax credit is worth up to $8,000 for home purchases from January 1 to November 30, 2009, with the amount determined as 10% of the home's purchase price. The credit phases out for single filers with incomes over $75,000 and joint filers over $150,000.
The document discusses the changes to dividend taxation for the 2016/17 tax year, including the introduction of a £5,000 dividend allowance and new dividend tax rates of 7.5% for dividends within the basic tax band and 32.5% for dividends above the basic tax band. It analyzes two options for salary and dividend levels, recommending taking a salary up to the primary National Insurance threshold of £8,060 and the rest as dividends as it provides slightly higher take home pay and lower corporation tax costs compared to the alternative.
Finance Minister Bill Morneau provided numerous updates to the proposed changes to the taxation of private corporations and their shareholders, which were first introduced back in July as part of a consultation paper and draft tax legislation. In this edition of Monthly Perspectives, we update you on these changes.
Tax Guide to Overseas Real Estate Investments for U.S. InvestorsDurise
Before you even begin to consider a jump into the foreign real estate investment pool, it’s important to become as knowledgeable about the entire process as possible. One item that is particularly important to research and understand is the tax implications that go along with property investing overseas. To that end, we’ve put together this tax guide to help U.S. real estate investors gather some much needed tax information.
International taxation and transfer pricing for transfer pricing ssuser47f0be
This document discusses international taxation and transfer pricing. It provides an overview of key concepts in international taxation such as double taxation, foreign tax credits, and tax treaties. It also discusses transfer pricing regulations and guidelines from the OECD and IRS that require transactions between related parties to be conducted at arm's length prices comparable to third party transactions. The document outlines methods used to determine appropriate transfer prices such as cost-plus and resale price methods.
The new tax rules will restrict tax relief on finance costs for residential landlords to the basic rate of income tax from April 2017. Currently, landlords can deduct all finance costs such as mortgage interest from their rental income. Under the new rules, relief will be restricted gradually over four years until 2020/21 when all financing costs can only be claimed as a basic rate tax reduction. This is likely to increase the tax liability for many residential landlords. The changes may also impact other areas such as eligibility for child benefit due to an increase in adjusted net income. Professional advice should be sought to understand the implications and consider options to reduce income where applicable.
The document discusses key concepts related to accounting for income taxes, including temporary vs permanent differences, deferred tax assets and liabilities, valuation allowances, loss carrybacks and carryforwards, and intraperiod tax allocation. Temporary differences between book and tax income can result in future taxable or deductible amounts, creating deferred tax liabilities or assets. The enacted tax rate is used to calculate deferred tax amounts, which are presented on the balance sheet. A valuation allowance may reduce the deferred tax asset if future taxable income is uncertain. Loss carrybacks and carryforwards allow losses to offset past or future taxable income. Total tax expense must be allocated to income statement line items.
This factsheet discusses various tax-saving strategies that individuals and businesses can implement before the 2018/19 tax year ends on 5 April 2019. It recommends making full use of available personal and child allowances and tax-free savings opportunities. Specific tips include transferring income between spouses, employing children in the family business, contributing to pensions, using ISAs and charitable donations. The factsheet also provides tips for family companies such as utilizing personal allowances and dividends to extract profit in a tax-efficient manner. Proper timing of salary, bonus and dividend payments is emphasized.
The document provides an overview of helpful tax tips and savings opportunities for the 2016 tax season, presented by Monica Silwanowicz. It discusses limitations on itemized deductions, personal exemptions, and the alternative minimum tax. It also covers opportunities like donating appreciated assets to charity, qualified charitable distributions from IRAs, and potential impacts of tax reform proposals on businesses, individuals, itemized deductions, and estate taxes. The document aims to help taxpayers maximize deductions and plan effectively for the upcoming tax year.
Here are the key points regarding the relationship between tax avoidance and corporate social responsibility/ethical behavior:
- There is an ongoing debate about whether aggressive tax avoidance aligns with corporate social responsibility and ethical business conduct.
- Corporate social responsibility refers to companies taking responsibility for the social and economic impact of their operations on communities. This includes contributing to public welfare.
- Ethical business behavior refers to companies acting in accordance with generally accepted moral and professional standards of conduct.
- Tax avoidance uses legal methods and loopholes to minimize tax obligations. Tax evasion is illegal.
- Governments argue aggressive tax avoidance deprives them of revenue that could fund public services. Critics say it contradicts the spirit of contributing to society
Chapter21 International Finance ManagementPiyush Gaur
This document contains questions and answers about international taxation and transfer pricing. It discusses key concepts like tax neutrality, different types of taxes like income tax and VAT, how double taxation can occur if all countries tax worldwide income, and methods used to mitigate double taxation like foreign tax credits. It also covers how the organizational structure of a foreign affiliate as a branch or subsidiary can impact tax liability. Finally, it summarizes how multinational companies may use transfer pricing strategies and ways to potentially repatriate blocked funds from a host country.
The document discusses the differences between capital and revenue expenditures for property letting businesses. Revenue expenditures are day-to-day expenses like repairs and maintenance that can be claimed as allowable deductions to reduce taxable profits. Capital expenditures are purchases or improvements that cannot be deducted but may qualify for capital allowances to reduce tax liability over time. Examples of capital expenditures include property extensions, renovations, and furniture purchases. The document provides guidance on determining whether various costs should be treated as capital or revenue to maximize tax benefits.
Bunching Tax Deductions to Maximize Their BenefitSarah Cuddy
Bunching expenses, particularly charitable gifts, in one year rather than over multiple can provide added tax benefits, especially after the latest tax law changes. And combining that plan with a donor-advised fund can compound the tax savings.
Landlords are facing changes to tax legislation that will reduce their rental income. Incorporating rental properties into a limited company allows landlords to avoid capital gains tax, stamp duty land tax, and inheritance tax. It also provides 100% tax relief on mortgage interest and corporation tax of only 17-20% on rental income compared to the individual tax rate of 20-45%. Setting up a specialist trust can further protect the shares of the company from inheritance tax.
The document summarizes the Canadian government's proposals to close tax loopholes involving the use of private corporations. It discusses three key areas the government aims to target: 1) Income sprinkling by diverting corporate income to family members subject to lower tax rates, 2) Multiplication of the lifetime capital gains exemption, and 3) Retaining passive investments in a corporation to benefit from lower corporate tax rates. The government is seeking public comments on these proposals by October 2017 and accounting firms like Hilborn LLP will be advising their clients on how the changes may impact them.
La presentación define la "Retribución o Compensación Total". Un concepto que se ha ido ampliando para incluir más elementos con la creciente competitividad por el talento en el mercado laboral.
La corresponsabilidad se refiere al reparto equilibrado de las tareas domésticas y responsabilidades familiares entre hombres y mujeres. Es parte de los Objetivos de Desarrollo Sostenible de la ONU. Una cultura de corresponsabilidad implica la eliminación de prejuicios sobre los roles de género y una distribución flexible de las responsabilidades según las circunstancias.
Breve introducción a los conceptos básicos para entender la fiscalidad de los expatriados: Renta Mundial, Residencia Fiscal, Ecualización, Retenciones.
Definición de expatriado, características, retribución y motivaciones para trabajar fuera de tu país de origen en el mercado laboral actual. Se explica también la diferencia entre una expatriación y una localización.
La ecualización fiscal es un acuerdo entre una empresa y un trabajador expatriado para mantener la misma carga fiscal que tendría en su país de origen. La empresa paga los impuestos en el país de destino para que el trabajador reciba el mismo ingreso neto. Esto permite negociar salarios sin considerar las diferencias fiscales entre países y protege al trabajador de cambios en las leyes fiscales del país de destino.
"Todos tenemos un lugar en el mercado laboral" - Las Reglas Vikingas están dirigidos a jóvenes que empiezan su carrera profesional y buscan ideas para orientar sus primeros pasos en el entorno laboral.
How to Leverage AI to Boost Employee Wellness - Lydia Di Francesco - SocialHR...SocialHRCamp
Speaker: Lydia Di Francesco
In this workshop, participants will delve into the realm of AI and its profound potential to revolutionize employee wellness initiatives. From stress management to fostering work-life harmony, AI offers a myriad of innovative tools and strategies that can significantly enhance the wellbeing of employees in any organization. Attendees will learn how to effectively leverage AI technologies to cultivate a healthier, happier, and more productive workforce. Whether it's utilizing AI-powered chatbots for mental health support, implementing data analytics to identify internal, systemic risk factors, or deploying personalized wellness apps, this workshop will equip participants with actionable insights and best practices to harness the power of AI for boosting employee wellness. Join us and discover how AI can be a strategic partner towards a culture of wellbeing and resilience in the workplace.
Start Smart: Learning the Ropes of AI for HR - Celine Maasland - SocialHRCamp...SocialHRCamp
Speaker: Celine Maasland
In this session, we’ll demystify the process of integrating artificial intelligence into everyday HR tasks. This presentation will guide HR professionals through the initial steps of identifying AI opportunities, choosing the right tools, and effectively implementing technology to streamline operations. Additionally, we’ll delve into the specialized skill of prompt engineering, demonstrating how to craft precise prompts to enhance interactions between AI systems and employees. Whether you’re new to AI or looking to refine some of your existing strategies, this session will equip you with the knowledge and tools to harness AI’s potential in transforming HR functions.
AI Considerations in HR Governance - Shahzad Khan - SocialHRCamp Ottawa 2024SocialHRCamp
Speaker: Shahzad Khan
This session on "AI Considerations in Human Resources Governance" explores the integration of Artificial Intelligence (AI) into HR practices, examining its history, current applications, and the governance issues it raises. A framework to view Government in modern organizations is provided, along with the transformation and key considerations associated with each element of this framework, drawing lessons from other AI projects to illustrate these aspects. We then dive into AI's use in resume screening, talent acquisition, employee retention, and predictive analytics for workforce management. Highlighting modern governance challenges, it addresses AI's impact on the gig economy as well as DEI. We then conclude with future trends in AI for HR, offering strategic recommendations for incorporating AI in HR governance.
Accelerating AI Integration with Collaborative Learning - Kinga Petrovai - So...SocialHRCamp
Speaker: Kinga Petrovai
You have the new AI tools, but how can you help your team use them to their full potential? As technology is changing daily, it’s hard to learn and keep up with the latest developments. Help your team amplify their learning with a new collaborative learning approach called the Learning Hive.
This session outlines the Learning Hive approach that sets up collaborations that foster great learning without the need for L&D to produce content. The Learning Hive enables effective knowledge sharing where employees learn from each other and apply this learning to their work, all while building stronger community bonds. This approach amplifies the impact of other learning resources and fosters a culture of continuous learning within the organization.
Watch this expert-led webinar to learn effective tactics that high-volume hiring teams can use right now to attract top talent into their pipeline faster.
Your Guide To Finding The Perfect Part-Time JobSnapJob
Part-time workers account for a significant part of the workforce, including individuals of all ages. A lot of industries hire part-time workers in different capacities, including temporary or seasonal openings, ranging from managerial to entry-level positions. However, many people still doubt taking on these roles and wonder how a temporary part-time job can help them achieve their long-term goals.
Becoming Relentlessly Human-Centred in an AI World - Erin Patchell - SocialHR...SocialHRCamp
Speaker: Erin Patchell
Imagine a world where the needs, experiences, and well-being of people— employees and customers — are the focus of integrating technology into our businesses. As HR professionals, what tools exist to leverage AI and technology as a force for both people and profit? How do we influence a culture that takes a human-centred lens?
Building Meaningful Talent Communities with AI - Heather Pysklywec - SocialHR...SocialHRCamp
Speaker: Heather Pysklywec
Digital transformation has transformed the talent acquisition landscape over the past ten years. Now, with the introduction of artificial intelligence, HR professionals are faced with a new suite of tools to choose from. The question remains, where to start, what to be aware of, and what tools will complement the talent acquisition strategy of the organization? This session will give a summary of helpful AI tools in the industry, explain how they can fit into existing systems, and encourage attendees to explore if AI tools can improve their process.
The Rules Do Apply: Navigating HR ComplianceAggregage
https://www.humanresourcestoday.com/frs/26903483/the-rules-do-apply--navigating-hr-compliance
HR Compliance is like a giant game of whack-a-mole. Once you think your company is compliant with all policies and procedures documented and in place, there’s a new or amended law, regulation, or final rule that pops up landing you back at ‘start.’ There are shifts, interpretations, and balancing acts to understanding compliance changes. Keeping up is not easy and it’s very time consuming.
This is a particular pain point for small HR departments, or HR departments of 1, that lack compliance teams and in-house labor attorneys. So, what do you do?
The goal of this webinar is to make you smarter in knowing what you should be focused on and the questions you should be asking. It will also provide you with resources for making compliance more manageable.
Objectives:
• Understand the regulatory landscape, including labor laws at the local, state, and federal levels
• Best practices for developing, implementing, and maintaining effective compliance programs
• Resources and strategies for staying informed about changes to labor laws, regulations, and compliance requirements
1. What is Tax Equalization?
Copyright CAC, 2019CarlosAntaCallersten
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Taxes TaxesEqualization
2. What is Tax Equalization?
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“It is an agreement whereby the Company offers the
Expatriate a certain tax protection that is intended to
maintain the same tax burden* as if they had not moved
from their country of origin”
*A hypo tax in the home country is defined in relation to their employment with the company. Usually, other
personal or familiar incomes (not related to the employment with the Company) are not included in the Tax
Equalization calculations.
3. What is Tax Equalization?
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Given it is “an agreement between the Company and
the Expat…“
Each Company defines Tax Equalization in a different way, so you
should carefully read the Company Policy to understand the details
and implications of your particular case.
4. What is Tax Equalization?
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In this presentation, we will use a simplified example to try
to explain the concept.
We will present the concept in 3 steps:
1. Situation in home country
2. Negotiating net amounts
3. Tax payment in host country
5. What is Tax Equalization?
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1. Situation in home country
6. What is Tax Equalization?
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1. Situation in home country
Gross Income
(before taxes)
The starting point is the Annual
Gross Income in the home
country…
7. What is Tax Equalization?
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1. Situation in home country
Gross Income
(before taxes)
-
Hypo
Tax Acording to home country
legislation and Company
Policy, a hypo tax has to be
defined…
8. What is Tax Equalization?
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1. Situation in home country
Hypo
Tax
The Expat agreement will determine how
to calculate the hypo tax that will be
deducted from the Expat in the home
country.
9. What is Tax Equalization?
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1. Situation in home country
Hypo
Tax
The agreement will determine if personal
deductions or familiar circumstances that are
relevant according to the home country tax
legislation are taken into account to calculate
the hypo tax.
For example: if an Expat enjoys a Tax Benefit in his/her home country because he/she has bought a
house. Will this Tax Benefit be taken into account in the hypo tax calculation? The answer is: it
depends on the Company Policy.
10. What is Tax Equalization?
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1. Situation in home country
Gross Income
(before taxes)
-
Hypo
Tax
=
Estimated
Net Income
(after hypo tax)
11. What is Tax Equalization?
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2. Negotiating net amounts
12. What is Tax Equalization?
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2. Negotiating net amounts
Net Income in
home country
(after taxes)
13. What is Tax Equalization?
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2. Negotiating net amounts
Net Income in
home country
(after taxes)
Net Income offered
In host country
(after taxes)
14. What is Tax Equalization?
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2. Negotiating net amounts
“…to maintain the same tax burden (the “hypo tax”
defined) as if they had not moved from their country of
origin”
Consequently, the Expat feels protected and tends to worry less about their
taxes in the country of destination. Furthermore, changes in the tax laws in
the host country are absorbed by the company. It is much easier to negotiate
the Expat package in this context.
15. What is Tax Equalization?
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3. Tax payment in host country
16. What is Tax Equalization?
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3. Tax payment in host country
Net Income
in host country
(after taxes)
17. What is Tax Equalization?
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3. Tax payment in host country
Net Income
in host country
(after taxes)
Taxes
borne by the Company
18. What is Tax Equalization?
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3. Tax payment in host country
Taxes
borne by the Company
Given Taxes are borne by the
Company in the host country, the
Expat is protected.
19. What is Tax Equalization?
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What are the cost implications for the Company?
Hypo Tax
Home country
(defined according to
Company Policy)
Host country
Taxes
If host country taxes are higher than
Hypo Tax, the Company cost increases.
If host country taxes are lower than
Hypo Tax, the Company saves money.
20. What is Tax Equalization?
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SUMMARY
21. SUMMARY
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• Companies use Tax Equalization to encourage mobility despite
Tax differences among countries.
• Taxes are a complex issue in any expatriation. You do not need to
become a tax expert , but it may be interesting to look for
professional advice in case of doubt on this matter.