International Taxation
Intro to international taxation
- Created by: rubytuesdayy
- Created on: 12-11-13 07:54
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- International Tax: Introduction
- Goal: Minimise tax- legally
- MNC's goal: minimise tax world-wide
- Knowledge of how domestic country taxes its profits also important
- Important decisions regarding tax:
- 1. Where to locate foreign operation
- Decision to make foreign investment based on after-tax profit
- ETR's differ across countries
- After tax returns vary
- From different tax systems
- ETR's differ across countries
- Decision to make foreign investment based on after-tax profit
- 2. What legal form operation should take
- A. Branch of MNC
- B. Subsidiary (incorporated in foreign company)
- 3. How to finance operation
- Capital contributions
- Equity
- Dividends
- Equity
- Loans
- Debt
- Interest
- Debt
- Capital contributions
- 1. Where to locate foreign operation
- Taxes decrease net profits and cash flows
- Goal: Minimise tax- legally
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