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Legal and Ethical issues invloving business operations in Ir

Please research the country of Ireland to answer questions 1 & 2. Numbers 3 & 4 are general.

1. List one legal issue that your CEO might be faced with in her new international operations in Ireland and explain how she could solve this problem and prevent similar problems in the future.

2. List one ethical issue that your CEO might be faced with in her new international operations in Ireland and explain how she could solve this problem and prevent similar problems in the future.

3. Share your own experience of cross-cultural communication or misunderstanding from either in your own country or traveling.

4. What lessons have you learned from this experience?

5. Please cite all references

Thank you!!

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1. List one legal issue that your CEO might be faced with in her new international operations in Ireland and explain how she could solve this problem and prevent similar problems in the future.

Answer:
The biggest legal issue associated with international operation in Ireland is the issue with transfer pricing. Generally the multinational firms in Ireland are engaged in inter-company trading with there parent companies or subsidiaries abroad. This brings the transfer pricing in picture but if we look at Ireland, the country does not have any separate regime but the tax authorities have a considerable interest in the price at which the goods and services are traded.
European council on 27th June 2007 adopted a code of conduct on transfer pricing thse code of conducts includes that:
(i) A standardize and partially centralized transfer pricing documentation for the multinational companies associated in EU will be accepted.
(ii) Smaller business has given a flexibility of less complex documentation for the transfer pricing.
(iii) There is no tax penalty related with documentation if the taxpayer company complies in good faith and within a reasonable time frame.

Due to this code of conduct the documentation requirement for transfer pricing has increased.
Also the country adopted the final and temporary internal revenue services for multinational corporations. According to this ...

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