Evaluate the accounting ethics of creating, initiating, or adjusting transactions to repatriate excess cash for multinational firms
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Repatriationis the act ofreturning to the country of origin Multinational companiesmust find legal ways to return their earnings or revenue to the companysheadquarters It is not always an easy task One reason is that repatriationis misjudged with tax evasion thats why this has become the major reason ofdifficulty to bring back home Accounting ethics of creation initiation andadjustment of transactions for repatriation should start with dividends andprofits Once local taxes are paid by Multinational Company it can easilysend its profit back to overseas headquarter by way of dividend on thoseprofitsManagement service fees are paid when the parent company providesservices to the foreign companies ...View the full answer
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