Why does Apple Operations International (AOI)— the Irish subsidiary that captures most of Apple’s global profits outside the Americas— not pay taxes to Ireland or the United States?
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Why does Apple Operations International (AOI)— the Irish subsidiary that captures most of Apple’s global profits outside the Americas— not pay taxes to Ireland or the United States?
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- Enterprise X manufactures pianos in Malaysia. Enterprise Y distributes these from Hong Kong. Both X and Y are 100% owned by Enterprise Z. When selling pianos on the market, Z has no control on the price at which one piano is sold. Reason is that prices are set by supply and demand. Currently, the market price for one piano is USD 5,000. However, Z does control all transactions between X and Y. X is taxed in Malaysia and Y is taxed in Hong Kong. The corporate tax rate in Hong Kong is 16.5%. In Malaysia, it is 25%. The direct / indirect costs of manufacturing one piano are USD 1,000. Consider two scenarios. Scenario 1: The price X charges Y, for the supply of one piano, is similar to the market price USD 4,000. Scenario 2: X charges Y a non-market price of USD 2,000. Explain meaning of associated enterprises What is a controlled transaction? Explain the concept of transfer price using the example1. Which of the following is not a source of international economic law? A ) Research articles published in journals B ) Municipal law C ) International model law D ) International trade customs 2. Which of the following law subjects or circumstance does not belong to private international law? A) AChinese company signed a contract with a British company B ) Carriage of goods by sea C ) A Chinese boy married a Japanese girl D ) War between Russia and Ukraine 3. Which of the following does not belong to NTBs? A ) ad valorem duty B.) Licenses C) Quotas D) This-side-up packing requirement Solve all questionWhat effect does a weakening in U.S dollar have on Net Income for subsidiaries of U.S companies?
- Question 2 The Liability of Foreigness (LOF) is the inherent disadvantage of foreign firms experience in host countries because of their non-native status. Assume that you are the owner of a small and reasonable profitable firm,would you consider expanding oversea? Elaborate your point of view by relate with the issues of foreign market entryThe U.S. system of accounting for worldwide income is not the norm in the rest of the world. Do you think that's a good thing or a bad thing or indifferent?Ikea is a U.S.-based MNC with a large subsidiary in the Philippines financed with equity from the parent. In response to news about a possible change in the Philippine government, the subsidiary revised its capital structure by borrowing from local banks and transferring the equity investment back to the U.S. parent. Explain the likely motive behind these actions .
- A U.S. parent owns a subsidiary in France, the subsidiary's accounts are maintained in euros, and its functional currency is the U.S. dollar. During the year, the euro has weakened against the U.S. dollar (U.S.$/€ rate has declined).Which one of the subsidiary's transactions below increases the amount of remeasurement losses reported when the subsidiary's accounts are translated to U.S. dollars?Select one:A. Inventory purchasesB. Depreciation expenseC. Sale of equity securitiesD. Sales revenue Plz answer fast without plagiarism.If a company in the United States sells a product to another country it is considered a/an If a company from the United States buys a product from another country it is considered a/an O Import, Export O Export, Import O Embargo, Export O Tariff, Import Quota!
- Reasons that a company might choose to acquire a business in a foreign country include all of the following except: Take advantage of free trade agreements Purchase local customer loyalty Local management understands local ing-hiet equatitionsKashi Corporation is the U.S. distributor of fencing (sword fighting) equipment imported from Europe. It is incorporated in Virginia and headquartered in Arlington, Virginia; it ships goods to all 50 states. Kashi's employees attend regional and national fencing competitions, where they maintain temporary booths to market their goods. Determine whether Kashi has income tax nexus and a filing requirement in the following situations: Required: Kashi is incorporated and headquartered in Virginia. It also has property, employees, salespeople, and intangibles in Virginia. Determine whether Kashi has income tax nexus in Virginia. Kashi has employees who live in Washington, D.C., and Maryland, but they perform all their employment-related activities in Virginia. Does Kashi have income tax nexus in Washington, D.C., and Maryland? Kashi has two customers in North Dakota. It receives their orders over the phone and ships goods to them using FedEx. Determine whether Kashi has income tax nexus…Provide an example of how a US taxpayer that manufactures the property which that taxpayer sells could increase its net foreign source income. Next, assume instead the US taxpayer doesn’t manufacture but rather is a reseller of a finished good. Provide an example of how a reseller could increase its net foreign source income. Lastly, why is it generally better for a US taxpayer to increase its net foreign source income if it is subject to US tax on a worldwide basis?
