Questions from International Accounting

Q: What is a group? Compare and contrast the different concepts of

What is a group? Compare and contrast the different concepts of a group.

Q: Under what circumstances will the income earned by a foreign subsidiary of

Under what circumstances will the income earned by a foreign subsidiary of a U.S. taxpayer be taxed as if it had been earned by a foreign branch?

Q: What are the four factors that will determine the manner in which

What are the four factors that will determine the manner in which income earned by a foreign operation of a U.S. taxpayer will be taxed by the U.S. government?

Q: What procedures are used to translate the foreign currency income of a

What procedures are used to translate the foreign currency income of a foreign branch into U.S. dollars for U.S. tax purposes? What procedures are used to translate the foreign currency income of a fo...

Q: Philosopher Stone Inc. incurred costs of $20,000 to

Philosopher Stone Inc. incurred costs of $20,000 to develop an intranet Web site for internal use. The intranet will be used to store information related to company policies, customers, and products....

Q: Why might the effective tax rate paid on income earned within a

Why might the effective tax rate paid on income earned within a country be different from that country’s national corporate income tax rate?

Q: What is a tax haven? How might a company use a

What is a tax haven? How might a company use a tax haven to reduce income taxes?

Q: What is the difference between the worldwide and territorial approaches to taxation

What is the difference between the worldwide and territorial approaches to taxation?

Q: What are the different ways in which income earned in one country

What are the different ways in which income earned in one country becomes subject to double taxation?

Q: What are the mechanisms used by countries to provide relief from double

What are the mechanisms used by countries to provide relief from double taxation?