Essays on Tax Avoidance

Introduction

This report is a critical analysis of an ethical dilemma in the workplace. It will include the evaluation of the facts of the case in order to establish the fundamental issues and matters at stake. From there, a review of the fundamental theories of the situation will be conducted. This will culminate in the identification of the different approaches and views. Afterward, there will be the application of the theories to the facts of the case in order to conclude with recommendations on how to deal with the issues at hand. This will include the review of important theories ...

1. Anderson, L.V. (2016, May 19). Ethics compliance training is a waste of time. Slate Magazine. This article, despite the cynical title, provides good research concerning the process by which companies implement ethics compliance training programs, including what incentive they have and how the external legal environment influences them to do this. The article begins by stating that the predominant form of ethics compliance training that all onboarded employees typically take in corporate organizations in the United States are in the form of eLearning courses. The article describes the typical mandatory basic ethics, harassment and discrimination training that are ...

Commentary A: The Effects of a Slowing Chinese Economy on the World

Last year, the Chinese economy reported a 6.9% growth rate for the economy overall (The Economist Staff 2016). For all intents and purposes, a 6.9% annual growth rate is immensely healthy; a country like the United States generally experiences a significantly lower growth rate for a number of reasons. However, the United States is considered a developed nation, while China is still in the developing stages of growth (Qi 2016). However, despite these respectable numbers, some economists are quite alarmed at the current situation in China—and some have even begun to draw attention to the slowing Chinese economy ...

Qn1

My advice to William job is that there are tax implications for selling the shares at a profit. In the event that the stocks are sold at a profit then William Jobs will incur capital gain tax. In This case the market value of the inheritance of $ 500,000 has a current market value of $550,000 today. The capital gain on the shares is $ 50,000. However, the rate applicable is based on the length of time the shares are held. The sole reason is that it prevents the effect of fluctuation in the market. The taxation of ...

Transfer pricing is a process where prices or rates used when selling products or services between parent companies, divisions, departments, or subsidiary (SMULLEN, 2001). It exists when two related companies (the parent company and a subsidiary) trade amongst each other. For example, a US based subsidiary of Coca-cola trading with an African subsidiary of Coca-cola. When such subsidiaries engage in price establishments for a transaction the results are transfer pricing.

WITTENDORFF (2010) provides that in transfer pricing the prices set for the exchange may be the original prices set for the products or the original purchase price or a rate reduced to cater ...

STARBUCKS REPUTATION

In the pursuit of their objectives organizations become so uncompromising that they only realize the importance of goodwill once it is lost. The same is the case with Starbucks. First, it took advantage of the loopholes in the accounting standards and taxation laws to minimize corporate tax liability and when caught doing so they actually admitted it by announcing that they would pay more corporation tax in 2013-2014, regardless of whether the company is profitable or not. (Armistead, 2012)

The company has not been successful in managing its reputation after the tax avoidance scandal. In fact, it is among ...

Business

Section A Question 1 The term business culture to a great extend refers to the behaviors of individuals in an organization with regard to the meanings that people attach to their actions in the firm. It includes the organizations values, visions, norms, belief systems and habits etc. It also incorporates collective behaviors on the part of individuals working in the organization. More often than not business culture is passed down from the existing members of the organization onto the incoming or new members. Hence, organizational culture is concerned with perceptions, ways of thinking and feeling which influences business ...

Introduction.

The future of human-kind depends on state’s capacities rights. If this argument is anything to go by then states must focus on the contributions of the corporate businesses and private sectors, and how such interface with public expectations and values. This interface describes how billions of people dependent upon the state must service both in dignity and in an economical perspective. For the last few years corporations operating both domestically and internationally shield their profits from taxation troubling tax payers and governments alike. There has, however, been a limited effort to associate such tax evasion to corporate responsibility in ...

(Student’s Full Name)

Abstract

This paper intends to show the tax avoidance strategies which can be used by a tax lawyer or an accountant to reduce a multinational technology company’s taxes. Furthermore, this paper intends to show the difference between tax evasion and tax avoidance, as defined by specific scholarly articles. The strategies which will be mentioned include: the “Double Irish,” the “Dutch Sandwich,” and the “Check-the Box Rule”. Each strategy will be defined and examples of companies which have used such strategies will be given. This paper, which is essentially a tax plan which will instruct a multinational technology corporation (MNC) ...

Course:

Introduction Governments in the world today loose much revenue through tax evasion and tax avoidance practise by individuals and business enterprises (Innes 2005). The paper shall discuss the difference between tax evasion and tax avoidance using recent relevant examples and give their implications. The paper shall also evaluate the how the taxation policies result to distribution of income in UK and the failure involved. The paper shall also examine the influence of international laws and EU policies on UK taxation policies.

Differences between tax avoidance and tax evasion

The term tax evasion refers to use of illegal mean to avoid paying taxes. Tax evasion comprises ...

Globalization has led to firms becoming multinationals since additional international markets are opening up and, therefore, economies are becoming integrated. With the increase in trade, migration and finance there are expected to be a rise in the level of global domestic Product. The Organization for Economic Co-operation and Development (OECD) was established to stimulate trade between countries and also ensure that there is economic progress. OECD has thirty-four member states currently including the U.S, France, and U.K among others (OECD, 2005). These are some of the best economies in the world hence OECD hence this business plays a major role in ...

General Motors, arguably, the biggest motor manufacturer in America has emerged to be the favorite giant company associated with president Barrack Obama. According to Curt Levy, in his article What the GM Bailout Really Cost American Taxpayers, describes the giant motor manufacturer as on organizations with serious connections with the white house. Apparently, the connection that GM has with the top house is enviable as they may lead to an organization’s exemption from payment of taxes. Curt Levy (1) explains that the decision to bail out GM has led to a bad situation as it has made the average ...

Analysis of US Corporate Income Tax Reform

A tax system should meet its objective of raising revenue for a government in a manner that meets the principles of equity, efficiency as well as complexity. Consequently, the essence of these principles is to ensure that any tax policy promotes economic growth as well as seeking to improve individuals’ social welfare. However, US corporate tax rate has been one of the highest even in comparison with the other OECD countries hence a need to reform it to meet the above principles as well as serve its key purpose of raising revenue. In this respect, this analysis seeks to analyze and present ...

Introduction

Ethical dilemmas are an integral part of every aspect of human life today. Apparently ethical dilemmas are among the principal factors that make the process of decision making more complicated. The major reason why ethical dilemmas make decision making complicated is because they pose two possible answers to a situation, both appearing to be correct. In an ethical dilemma, either side has a strong argument behind its decision. Worth noting is the fact that ethical dilemmas exist in all fields of life, ranging from the world of medicine to the world of business. Arguably, business is among the widest fields of human ...

Tax avoidance

Tax is a compulsory contribution of revenue by the citizens of a country by the citizens to facilitate the provision of goods and services that the private investors are not willing to provide due to the unprofitability of such goods and services. By this, it means that the fact that one pays taxes does not mean that he/she has to demand particular goods and services from the government. In this response, some people will find mechanisms that are meant to ensure that they do not pay taxes or they reduce the burden they incur in the payment of taxes. One of ...

Tesco Plc was started in 1919 by John Cohen as a group of market stalls; the name Tesco never appeared on a store until a decade later. Ten years after this first Tesco store was opened, the company had about 100 stores across the United Kingdom. The retailer is ranked third worldwide after Wal Mart and Carrefour in terms of sales. However, in terms of profit generation the company comes in second after Wal Mart among retailers around the world. Tesco has opened stores in approximately 15 countries in Europe, Asia and North America. In the United Kingdom, the company remains the ...