Social trends in corporate taxation

Assignment Help Financial Accounting

Reference no: EM131289329

Social Trends in Corporate Taxation

Current social trends in corporate taxation have a tremendous impact on how corporations run their business activities. For instance, tax liabilities will affect where a corporation runs its activities—in the United States or in a foreign country—and whether or not it elects to bring cash earned overseas back to the States. In recent years, the federal government has used foreign tax credits and tax holidays on repatriated earnings to encourage corporations to bring cash back to the United States. The idea is that this cash will stimulate economic growth in the form of more jobs and revenue for the American people. However, the success of these initiatives is a great source of controversy. Select one of the following current social trends relating to corporate taxes, and consider its impact on the corporate tax filer:

Repatriation of earnings

Paying taxes on repatriated earnings

Computing tax credits to foreign countries after international consolidations

Dividend deductions for U.S. corporations with foreign subsidiaries

With these thoughts in mind:

Give an evaluation of the impact of your selected current social trend on the corporate tax filer. Provide your opinion on whether or not you believe the result of this issue is fair from the perspective of the corporate tax filer.

Reference no: EM131289329

Questions Cloud

Using the link-chain method : An evaluation of Bryce's Bookstore's inventory was performed in Year 2. It produced the following results: The cost index in Year 1 was 105. Using the link-chain method, compute Bryce's Bookstore's cost index for Year 2. Round your answer to the near..

Discuss the ethical and professional issues in situation : Randolph Smithfield is a cost analyst with Franklin Insurance Company. Franklin is applying standards to its claims payment operation. Claims payment is a repetitive operation that could be evaluated with standards. Discuss the ethical and professi..

Firm and satisfy the socially imposed constraints : Do you think that the owners of a corporation can maximize the object of the firm and satisfy the socially imposed constraints? Did the accounting standard rules played any role in the last decade financial crisis? What type of analyses can be done b..

Determine the amount of non-controlling interest : Assume Parker Corporation wants to acquire 90% (9,000 shares) of Strong Company. The FV of Strong Company’s Net Assets is $600,000. Parker paid $70 per share to induce enough stockholders to sell 9,000 shares. Using the acquisition method: determine ..

Social trends in corporate taxation : Current social trends in corporate taxation have a tremendous impact on how corporations run their business activities. For instance, tax liabilities will affect where a corporation runs its activities—in the United States or in a foreign country—and..

Describe the factors that constitute the fraud triangle : What is information overload? How does it affect decision-making. Describe the factors that constitute the fraud triangle. Why is it important to auditors. Why are the computer ethics issues of privacy, security, and property ownership of interest to..

List the four broad objectives of internal control system : Name the five characteristics of information? List the four broad objectives of the internal control system. In System Controls, confidentiality of data needs to be protected. How can Confidentiality be achieved.

What are the advantages of custom software : What are the advantages of custom software. Explain briefly the three types of anomalies associated with database tables that have not been normalized. What are the characteristics of a properly designed relational database table

Explain how unrealised profit on intra-group transactions : On 1 July 2015, Summer Ltd acquired 80% of the share capital to gain control of Winter Ltd. The following intra-group transactions occurred during the year ending 30 June 2016. Winter Ltd paid an interim dividend of $150,000 to its shareholders from ..

User Account

All Pages