What is the branch profits tax? Explain the Congressional intent behind its enactment.
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The branch profits tax is imposed on the U.S. branch of a foreign corporation. It is equivalent to the tax that would be imposed on distributions made by the U.S. subsidiary of a foreign parent corporation. The branch tax is levied on either the branch's dividend-equivalent amount or its allocable interest. The dividend-equivalent amount tax base equals the foreign corporation's E&P for the tax year that is effectively connected with the conduct of its U.S. trade or business increased by earnings remitted by the branch to the foreign corporation and decreased by earnings reinvested in assets related to the branch's conduct of a U.S. trade of business. The allocable interest portion of the tax provides that certain interest paid by a U.S. trade or business of a foreign corporation is treated as U.S.-source interest and as such is possibly subject to withholding as if paid by a U.S. corporation. The branch profits tax is imposed in an attempt to equate the tax treatment of U.S. branch activities and U.S. subsidiary corporations owned and/or operated by foreign parent corporations. Were the branch profits tax not in place, no tax would be imposed on remittances made by a branch activity to its foreign parent corporation. A 30% rate (or a lower rate specified in a tax treaty), however, would be imposed on remittances made by a U.S. subsidiary corporation to its foreign parent corporation. The branch profits tax attempts to reduce these differences.
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Identify a true statement about the philanthropic perspective of the economic model of corporate social responsibility.
A. It recognizes that every business decision imposes costs on someone and mandates that those costs be acknowledged. B. This approach is especially common with small, privately owned businesses where the owners also often play a prominent leadership role within their local community. C. It argues that business has an ethical duty to respect the rights of consumers to such things as safe products and truthful advertising, even when not specified in law. D. This approach holds that as long as managers comply with the moral minimum and cause no harm, they have a responsibility to maximize profits.
The ___________ process would be used to establish and develop relationships with suppliers.
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Identify a company that sells database information. Describe how the data is protected for privacy and how the data results in sales. Discuss what revenue streams might be associated with the sale.
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Describe the activities that occur at each stage of a project
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