Business law International Essay Example | Topics and Well Written Essays - 2000 words

Business right International - Essay Exampleies, France, UK and the fall in States who are planning to start a business in a tax haven would have to confront several issues that go along with world(prenominal) taxation, nearly especially the OECD proposals, an organization their countries are member States.Despite the fact that individual country has its unique tax revenue System, all countries are bound to act in conformity with generally accepted International rules for onerous multinational companies and their citizens when they earn some amount of incomes from overseas. Hence, the rules highlighted below hold true for all international minutes currently under expectn among nations across the globe.2 (a) Jurisdiction for taxation The very first step in international taxation is the determination of which place or locality is eligible or has the rights to lay claims to the taxes payable by a company. There are some descriptions that could fit how a companys jurisdiction may be determined. The first description defines a jurisdiction as the place or location where a company is legally registered or incorporated. Even though a business owner lives in France or UK or the US, but registers his/her company in, say Bahamas, the companys jurisdiction, according to the definition above, is Bahamas. However, it is sometimes perplexing to determine which jurisdiction to apportion to a company that is totally floated online for example, the ICT companies. In this circumstance, a companys jurisdiction may be said to be where the companys main economic activities take place. In other words, the companys jurisdiction would be where its majority of business operations slip away like purchasing, marketing, shipping, selling and other business activities. For example, a seller on Ebay buys advertises and sells Chinese products in the United States has the US as its jurisdiction. The theory of jurisdiction then supports the fact that a multinational company or enterpr ise owes its taxes to all the jurisdictions where