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Nimega Plc is a Nigeria-based multinational company that has subsidiaries in two foreign countries. Both subsidiaries trade with other group members and with four third-party companies.
You are required to present SIX arguments for and FOUR arguments against centralized treasury management in a multinational organization.
(10 Marks)
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Larry Limited, Lagos, is a manufacturing company that has been producing household utensils successfully for several years. The company is planning to enter the international market but the management team has little or no information in respect of regional economic integration and trade blocs around the world. The Managing Director of the company has just engaged your professional accounting firm to provide advice on some salient issues in this respect.
Required:
As the Desk Officer in charge of international tax matters in the professional accounting firm, you are to present a report to your principal partner, for his review before sending it to the firm‘s client. Your report should cover the following areas:
a. Distinction between regional economic integration and trade blocs. (4 Marks)
b. Objectives of regional integration. (5 Marks)
c. Benefits of regional economic integration and trade blocs. (4 Marks)
d. Disadvantages of regional economic integration and trade blocs. (3 Marks)
e. Common market and economic union as major types of regional economic integration. (4 Marks)
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Theoretically, disequilibrium in international payments could be rectified by a fall in the exchange value of the currency of countries that have a deficit in their balance of payments in goods and services. What are the implications of taking this measure?
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The Government of Ghana recently signed a Double Taxation Avoidance agreement (DTA) with the government of Mauritius at Port Louis, Mauritius.
Speaking at a joint press conference after the signing ceremony, Ghana’s Vice President, Alhaji Dr. Bawumia, said:
“We have seen the manifestation of the first fruits of this Joint Permanent Commission with the signing of the historic double taxation agreement between Ghana and Mauritius, …, and we believe this is just the beginning of our cooperation.”
Required:
Discuss FIVE benefits likely to result from the Double Taxation Agreement.
(5 marks)
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Countries have enjoyed tax treaties while others have criticised the whole idea of tax treaty arrangements. Treaties may be bilateral or multilateral. Many countries weigh the benefits of treaties before they enter into them in order not to lose out.
Required:
Assess the rationale for tax treaties. (2 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Nimega Plc is a Nigeria-based multinational company that has subsidiaries in two foreign countries. Both subsidiaries trade with other group members and with four third-party companies.
You are required to present SIX arguments for and FOUR arguments against centralized treasury management in a multinational organization.
(10 Marks)
Find Related Questions by Tags, levels, etc.
Larry Limited, Lagos, is a manufacturing company that has been producing household utensils successfully for several years. The company is planning to enter the international market but the management team has little or no information in respect of regional economic integration and trade blocs around the world. The Managing Director of the company has just engaged your professional accounting firm to provide advice on some salient issues in this respect.
Required:
As the Desk Officer in charge of international tax matters in the professional accounting firm, you are to present a report to your principal partner, for his review before sending it to the firm‘s client. Your report should cover the following areas:
a. Distinction between regional economic integration and trade blocs. (4 Marks)
b. Objectives of regional integration. (5 Marks)
c. Benefits of regional economic integration and trade blocs. (4 Marks)
d. Disadvantages of regional economic integration and trade blocs. (3 Marks)
e. Common market and economic union as major types of regional economic integration. (4 Marks)
Find Related Questions by Tags, levels, etc.
Theoretically, disequilibrium in international payments could be rectified by a fall in the exchange value of the currency of countries that have a deficit in their balance of payments in goods and services. What are the implications of taking this measure?
Find Related Questions by Tags, levels, etc.
The Government of Ghana recently signed a Double Taxation Avoidance agreement (DTA) with the government of Mauritius at Port Louis, Mauritius.
Speaking at a joint press conference after the signing ceremony, Ghana’s Vice President, Alhaji Dr. Bawumia, said:
“We have seen the manifestation of the first fruits of this Joint Permanent Commission with the signing of the historic double taxation agreement between Ghana and Mauritius, …, and we believe this is just the beginning of our cooperation.”
Required:
Discuss FIVE benefits likely to result from the Double Taxation Agreement.
(5 marks)
Find Related Questions by Tags, levels, etc.
Countries have enjoyed tax treaties while others have criticised the whole idea of tax treaty arrangements. Treaties may be bilateral or multilateral. Many countries weigh the benefits of treaties before they enter into them in order not to lose out.
Required:
Assess the rationale for tax treaties. (2 marks)
Find Related Questions by Tags, levels, etc.
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