Question
once again now as Sr. Vice President of Global Finance for your company, you have been asked to perform an analysis of another global expansion
once again now as Sr. Vice President of Global Finance for your company, you have been asked to perform an analysis of another global expansion effort. Create a power point presentatin and record a voiceover with Kaltura assuming that your MNC corporation is contemplating establishing a wholly owned subsidary operation in the Mediterranean. Two countries under consideration are Spain and Cyrus. Sigma intends to repatriate all after tax foreign source income to the United States. In the United States, corporation income is taxed at 35 percent. In Cyrus, the marginal corporate tax is 30 percent: however, in Spain corporate income is taxed at 15 percent. The withholding tax treaty rates with the United Staes on dividend income paid is 5 percent fro Cyprus and 10 percent from Spain. The CEO has asked you to help her determine where to locate the new subsidary. The location decision of Cyrus or Spain will be based on which country has the smaller total tax liability. Prepare a Power point presentation of 4 to 7 slides that shows the total tax due from both Cyrus and Spain and then make your recommendation for the better choice. Also, show how double taxation on a taxpayer may result if all countries were to tax the worldwide income of their residents and the income earned within their territorialboundaries. Lastly, tell me the 3 basic types of taxation that government levy within their tax jurisdiction
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