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You are a partner in a Tax Consulting firm. Your firm has recently employed 5 new staff and they have to be trained on a
You are a partner in a Tax Consulting firm. Your firm has recently employed 5 new staff and they have to be trained on a number of issues. Required: Prepare a presentation on international taxation with emphasis on FIVE (5) objectives or goals of international taxation treaties. (10 marks) (B). Following the government's commitment to build one factory in each district in Ghana and its desire to ensure food sufficiency through the planting for food and job program, an investor from Singapore intends to invest in shoe manufacturing company to be located at Accra in the Greater Accra Region of Ghana. He also considers starting a juice manufacturing company at Nsawam in the Eastern Region of Ghana in response to the investment drive of the government. As part of the investment, he intends to incur the following cost and start operations in 2018 on either proposal, which is the Shoe manufacturing company or the Juice manufacturing company. Building Plant and Machinery Furniture and Fittings Computers GH 7,200,000 11,700,000 180,000 180,000 Additionally, he intends to recruit fresh graduates from the Ghana Communication Technology University. It is further projected that in the first three years, that is 2018, 2019 and 2020, it will incur GH36,000, GH32,400 and GH18,000 losses respectively. The investor hopes to start making profit from the year 2021. Required: As a tax adviser, evaluate the proposed investment by the Singaporean investor and the tax implication on the various activities highlighted in the scenario
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