Question 1. Synthesize the national tax environment.
Question 2. Assess the participants of trade relations.
Question 3. Analyze tax treaties and purpose.
Question 4. Examine the parties and role involved with a letter of credit.
Each question needs to be 200 words with references and the book that I am using is Fundamentals of Multinational Finance by Moffett, Stonehill, & Eiteman.© BrainMass Inc. brainmass.com October 10, 2019, 8:10 am ad1c9bdddf
The response addresses the query posted in 842 words with APA references
//The national tax environment consists of different tax rules of different countries. In this regard, making common tax rules in all the countries is difficult. With this regard, the features of the national tax environment are explained below. //
The national tax environment is related to the taxation rules and regulations of a large number of countries. The effect of national taxation leads to the effect of double taxation and in order to avoid this, different countries sign the tax treaties. The governments of different countries have their system of taxation and therefore, the tax rules of one country are different from the other. In this regard, generalizing the tax rules in the national environment is a difficult task. The concept of taxing on the deemed income has been introduced by the governments of some countries in the national tax environment. The assessment of the deemed income to be taxed is a major task. Different countries in the national tax environment follow either of the two methods for levying taxation, that is, residential or territorial method. As per the residential method of taxation, the income of the resident from the sources all over the world is taxed in the country where he/she resides. In relation to the territorial method of taxation, the income of which the source is inside the ...
The expert provides synthesis for the national tax environment. The parties and roles involved with a letter of credit is examined. The response addresses the query posted in 842 words with APA references