首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
(1)For multinational corporations, tax planning has become an extremely complex affair. It has often been stated that no multina
(1)For multinational corporations, tax planning has become an extremely complex affair. It has often been stated that no multina
admin
2021-08-05
40
问题
(1)For multinational corporations, tax planning has become an extremely complex affair. It has often been stated that no multinational corporation possesses the ultimate tax expertise. There are just too many countries and regions involved and thus a web of tax regulations. Therefore, in addition to having their own experts, MNCs rely heavily on local tax experts and legal counsel.
(2)Taxes have a very important impact on foreign direct investment decisions. Taxes will determine the financial structure of a subsidiary, and they will influence pricing decisions. They may also lead to the formation of holding companies. An MNC may decide to establish a branch rather than a subsidiary because of a given tax situation. The absence of a tax treaty between the country of a would-be investor and the nation where a foreign investment is to take place might lead to cancellation of investment plans. An unfavorable depreciation allowance may keep the foreign investor out. This unit will deal with the different tax systems in the world and their impact on an MNC’s global strategy.
(3)Basically, any tax system can be divided into direct and indirect taxes. Corporate and individual income taxes are direct; value-added taxes, sales taxes, and import duties are indirect taxes. Corporate income taxes(taxes levied on earnings)vary among the industrialized nations. France, the United States, Holland, Canada, and Germany have rates of around 50 percent; Italy, the United Kingdom, and Japan have rates of between 36 and 40 percent.
(4)Less developed countries usually have lower corporate tax rates, in order to attract foreign investment. Thus, Brazil has a rate of 30 percent, and Indonesia has a 40 percent rate. A corporate tax is levied on taxable earnings. Taxable earnings are more significant than the tax rate itself. They determine what can be deducted before the tax is computed; in other words, these items are tax deductible. Countries differ greatly in determining taxable earnings. Some allow accelerated depreciation, whereby the asset(usually the plant or equipment)is written off at a substantially higher rate during the first years than in the later years. This allows for smaller taxable earnings in the early years. Other countries allow tax-free investment reserves. These are used at a later stage for investment in underdeveloped areas of countries or are sent when countries are in a recession.
(5)A recent type of tax that has won recognition in the European Common Market is value-added tax(VAT). This is a national sales tax levied at each stage of production to the value added during that stage. Generally, manufacturing goods, such as plant and equipment, have been exempted from this tax. In most cases, food items also have been exempted.
(6)Here is an example of how VAT works. A tree owner who sells part of a tree to a lumber mill for $1 must set aside ten cents VAT to pay to the government. The lumber mill processes the tree into building material and sells the wood for $3 to a lumber wholesaler. The mill adds $2 in value, and thus sets aside ten percent of the added value, or twenty cents, to pay to the government. And so the VAT continues until the final sale.
(7)The VAT system offers advantages, such as rebates on exports. Profitable and unprofitable firms are taxed alike, as there is no possibility of tax deductions to determine taxable income. Further, VAT is easy to calculate and collect. But VAT is often accused of having contributed to serious inflation in countries where it was introduced, notably in Western Europe.
One arrives at taxable earnings when _____.
选项
A、accelerated depreciation is allowed
B、asset is written off in the end
C、all tax-deductible items have been subtracted
D、tax-free investment reserves are allowed
答案
C
解析
第4段第5句指出,它们在计算应纳的税之前确定哪一些是可以减免的,换句话说,那些可以被减免的就是免税项。由此可知,减去免税项就可以得出应纳税的收入,故C正确。由第4段可知,A、B、D是不同国家为确定自己国内应纳税收入所采取的不同做法,不是计算应纳税收入的方法,故均错误。
转载请注明原文地址:https://kaotiyun.com/show/kUIK777K
0
专业英语八级
相关试题推荐
Thenewborncanseethedifferencebetweenvariousshapesandpatternsfrombirth.Hepreferspatternsfordullorbrightsolid
ThehistoryofindigenouseducationprovisionthroughoutAustralia’sremoteareasisrepletewithinstancesofneglect,infras
ThehistoryofindigenouseducationprovisionthroughoutAustralia’sremoteareasisrepletewithinstancesofneglect,infras
Abroadpublicdiscussionofenvironmentalproblemsbeganinthemid-1980s,whenthefirst"green"groupsformedinopposition
Thehealth-careeconomyisrepletewithunusualandevenuniqueeconomicrelationships.Oneoftheleastunderstanding【S1】______
Thehealth-careeconomyisrepletewithunusualandevenuniqueeconomicrelationships.Oneoftheleastunderstanding【S1】______
(1)Everyoneintoday’ssuperchargedworkplacesexperiencesstress.Yetexecutiveandprofessionalwomenconsistentlyexperience
A、Takinganoperation.B、Injectiontherapy.C、Blooddonation.D、Takingmedicine.C对话中在主持人说过铁元素过多的治疗方式有些原始后,Sharon说,确实很神奇,只是简单的捐献
Arapidmeansoflong-distancetransportationbecameanecessityfortheUnitedStatesassettlementspreadfartherwestward.F
(1)KimiyukiSudashouldbeaperfectcustomerforJapan’scarmakers.He’sayoung(34),successfulexecutiveatanInternet-servi
随机试题
评价疫苗接种效果的最关键指标是
某医生整理资料时有以下指标:年龄、身高、体重、胸围等,上述指标属于
连翘的质量控制成分类型为()。
某高速公路7跨预应力钢筋混凝土梁桥进行定期检查时发现,其所采用的盆式橡胶支座钢盆锈蚀严重,病害标度评定为3(共5级标度)。结合上述内容,回答下列问题。盆式橡胶支座按照其活动方向分可分为()。
营业收入是指企业在生产经营活动中,由( )等所得的收入。
基金经营机构应妥善保存客户交易终端信息和开户资料电子化信息,保存期限不得少于()年。
甲股份有限公司(以下简称甲公司)2009年度财务报告经董事会批准对外报出日是为2010年3月31日,2009年度所得税汇算清缴于2010年3月18日完成。甲公司适用的所得税税率为25%,所得税采用资产负债表债务法核算。假设甲公司2009年年初未分配利润为3
贯彻绩效管理制度必须获得()。
想法或假说的产生,来源于研究者_________的思想,用来解释事物的成因,寻找或构造相关的_________,以便揭示所观察到的事实的真相。因而,假说完全有可能是_________的。知道这一点,养成产生想法时保留判断的习惯就非常重要。填入划横
A.incidentB.whenC.includeD.flightsE.informedF.carriagesG.calledH.s
最新回复
(
0
)