Double taxation
Specify some of the methods taxing authorities utilize to remove or diminish evil of double taxation?
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Typical approach for avoiding the double taxation is for nation not to tax foreign-source income of its national residents. The alternative method, and the one which U.S. follows, is to give allowance to parent firm foreign tax credits against the U.S. taxes for taxes which are paid to the foreign tax authorities on foreign-source income.
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In integrated world financial market, financial crisis in country is rapidly transmitted to the other countries, resulting in the global crisis. State some of the measures would you propose in order to avoid the recurrence of the Asia-type crisis.
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Discuss and compare the backward vs. forward internalization.
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