Client Letter-acc568 Assignment Example | Topics and Well Written Essays - 500 words

Client Letter-acc568 - Assignment Example Therefore, the amount of total tax paid for international transactions of corporations depends on the manner by which deductions and incomes are sourced in the countries where the transactions are taking place. However, I will try to break down the U.S source rules for incomes and deductions. As you know, the U.S government takes these matters seriously and I have every intention of addressing all your issues expertly (Yonah, 2007). According to Dykes, with regards to taxation of source income and deductions, the U.S government adopts a taxation methodology known as the worldwide approach. As indicated by the name, the approach involves taxing the income of the globalized corporation regardless of the source of income, whether the source of the income is foreign based or locally based in the U.S. Under this methodology, your company will face the tax burden that locally based companies are subject to (Dykes, 2011). Therefore, your company will have to allocate its global capital on economic factors rather than tax considerations. In retrospect, your company will promote global efficiency in connection to capital allocation. Unfortunately, the advice your friend gave you is misinformed, but do not despair because there are ways to reduce the amount of tax that your company is going to be liable to the IRS. As per your request, there are a few ways that your company can mitigate tax impact form the U.S with regards to income sourced from foreign nations One such method is keeping active income from foreign sources in offshore locations up to the time when your company wants to repatriate the income back to the U.S. Income arising from your foreign based branch/operations is only going to be taxed until it is repatriated via dividend distributions in your U.S based head offices. This is known as deferral tax. In addition, the U.S allows companies such as yours, a tax credit for

Follow up to the previous order (Human Rights and Oil Companies) Essay

Follow up to the previous order (Human Rights and Oil Companies) - Essay Example In spite of the clear connection between ecological degradation and human suffering, human rights abuses and ecological deprivation have been regarded by most institutions and administrations as isolated concerns. Only as human rights campaigners have the tendencies to put concentration chiefly on natural resources conservation without dealing with human effects of environmental abuses. Accordingly, victims of ecological deprivation are undefended by the laws and mechanisms laid out to handle human rights violations. Human rights activism presents a crucial opportunity to tackle the issue of human impacts of ecological degradation and can serve as a catalyst for encouraging concepts and action in the actual world. Environmental setbacks are more handle to address than most believe. Every man, woman, and child has the right to a safe and healthy ecosystem. The fact is while international standards and systems have been set aside as legal ventures, implementation has always been domina ted by international relations. This paper seeks to look at the effects of oil companies in Nigeria the environment (Emeseh 45-60) According to Kalu and Ngozi (19-38), the Niger Delta in Nigeria has been the center of focus of environmentalist, human rights promoters and fair trade unionists across the globe. The trial and execution of radical environmentalist Ken-Saro-Wiwa and eight other cohorts of the Ogoni ethnic minority made universal headlines. The then non-violent protests of the Ogoni people make world-attention too. The activities of large oil firms such like Shell Elf, Agip and Mobil, amid others have caused many worries and backlash. A sequence of exploitive and fraudulent government in Nigeria have been endorsed and sustained by western administrations and oil companies, attentive on gaining from the fossils fuels that can be exploited. As individuals and transitional oil companies have been