1. Using thewebsitePWC Worldwide Tax Summaries as a starting point for your research, conduct a comparison of each type of tax listed below for Ireland for your final project and theUnited States. In the notes column on the right, identify the implications of each tax for international organizations. To complete the worksheet, replace the bracketed text with the relevant information. Note that in some rare instances, there will be no implications for international organizations, in which case you would write that there are no implications.

. Ability to exploit IP at favorable tax rates. . Accelerated tax depreciation allowances for approved energy efficient equipment. .Ability to carry out investment management activities for non-Irish investment funds without creating a taxable presence in Ireland for such funds. . An effective legal, regulatory, and tax framework to allow for the efficient redomiciliation of investment funds from traditional offshore centers to Ireland. (Ireland Corporate - Tax credits and incentives, 2018) When businesses are active in the country and creating products that better the community and the environment, they will receive tax breaks. Tax incentives can help a company save money and Ireland has great tax incentives for multinational companies that meet certain criteria. 3. Determine the treaty withholding tax rate in the country you selected for your final project, and discuss the potential impact on an international organization operating there. This study source was downloaded by 100000866807302 from CourseHero.com on 06-09-2023 22:04:10 GMT -05:00 https://www.coursehero.com/file/37689856/INT-315-Tax-Comparison-Worksheetdocx/ Southern New Hampshire University Resources 2018 Worldwide Corporate Tax Guide. (n.d.). Retrieved December 9, 2018, from https://www.ey.com/gl/en/services/tax/worldwide-corporate-tax-guide---xmlqs? preview&XmlUrl=/ec1mages/taxguides/WCTG-2018/WCTG-US.xml 2018 Worldwide Corporate Tax Guide. (n.d.). Retrieved December 9, 2018, from https://www.ey.com/gl/en/services/tax/worldwide-corporate-tax-guide---xmlqs? preview&XmlUrl=/ec1mages/taxguides/WCTG-2018/WCTG-IE.xml Ireland Corporate - Tax credits and incentives. (2018, July 31). Retrieved December 9, 2018, from http://taxsummaries.pwc.com/ID/Ireland-Corporate-Tax-credits-and-incentivesSouthern New Hampshire University INT 315 Tax Comparison Worksheet 1. Using the EY 2018 Worldwide Corporate Tax Guide website as a starting point for your research, conduct a comparison of each type of tax listed below for the country you selected for your final project and the United States. In the notes column on the right, identify the implications of each tax for international organizations. Note that in some rare instances, there will be no implications for international organizations, in which case you would write that there are no implications. Tax Selected Country: United States Implications for Ireland International Organization Corporate Profits 12.5% 21% This rate applies to Tax Rate trading income and to certain dividends received from nonresident companies. A 25% rate applies to certain income and to certain activities Capital Gains Tax 33% 21% A 40% rate applies Rate to disposals of certain life insurance policies. Dividends 20% 30% Applicable to both residents and nonresidents. This withholding tax is imposed on dividends distributed subject to exceptions Net Operating Losses (Years) Carryback 1 0 No implications Carryforward Unlimited Unlimited No implications 2. Discuss tax incentives in the country you selected for your final project, including the potential impact on an international organization operating there. .12.5% corporation tax rate on active business income. .A 25% credit on qualifying R&D expenditures; total effective tax deduction of 37.5%