• Develop 2-3 well-defined paragraphs for each jurisdiction - Douglas, Isle of Man; Belize City, Belize; Hong Kong (PRoC)and explain the comparative advantage.
• The end goal of your case is to select and justify suitable jurisdiction.
• Here's the Case Study.

Case Study You are an Executive at the Canadian-based company Panamera Inc., a software company that sells and provides its services online (Saas model). Your company's core product, initially developed by a Management Sciences professor, was in commercial use for over a decade before you joined the company. Panamera's software provides a full suite of tools to help customers organize their operations, staff, and clients, as well as manage their financials and communications. You and your team have turned your company into a viable going concern. Sales in Canada have quadrupled in the past quarter, and there is significant interest in your Saas from all over the World. After a lot of hard work, Panamera is most likely entering a hyper growth situation. Panamera is expecting to process 100's of millions of dollars (CAD) in transactions annually within three years. One of the challenges Panamera faces is managing significant new sales from abroad. Your merchant account provider (merchant account provider's processes credit card transactions) has suggested that you open a foreign-based subsidiary to process sales outside of Canada. If Panamera opens a subsidiary in one of your assigned jurisdictions and processes transactions through that subsidiary location, your merchant account rate will drop by about 1% to an effective rate of 1.75%, regardless of where sales are generated. Analyze each of the three assigned PLG locations using what you have learned in the course to explain the key issues that you will need to understand and track as you take Panamera global. Note 1: Managers face many considerations when making decisions of this nature. This case provides the opportunity to use the economic knowledge and language you have learned in this course (of primary importance in the grading of this case) as well as offering the opportunity to briefly drift outside of the silo of economics to address key business considerations that you feel important in your analysis. Below is a list of topics, by no means exhaustive, and equally, because of both space constraints and relevancy, by no means should all topics be included in your paper. Your analysis should, at minimum, cover relevant topics learned in the course applied to the decision-at-hand. Keep in mind that this is an economics paper, so if you do take the opportunity to drift into other business disciplines, the overriding bias of your paper should favour economics. Topics for possible consideration include globalization, comparative advantage, tariff and non-tariff trade barriers, trade regulations, regional trading arrangements, international factor movements and multinationals, foreign exchange and risk strategies, international/regional banking factors, professional services support, taxes, capital flow/repatriation of profits, IP rights/protection, assignment of profits & losses, political and policy direction, and country risk/freedom. Note 2: For clarity, the end goal of your case is to select and justify a suitable jurisdiction. Preferred merchant account rates and growing worldwide sales are the catalysts for opening a subsidiary, but neither should consume scarce space within your case itself. This case is not an exercise in tax evasion; you will not be hiding profits, skirting laws, or engaging in any other illegal activities. With the recent attention on tax evasion, one may become confused about what is a very clear and distinct difference between personal tax evasion and legal