The United States Of America, A Country Driven By Business, Money, And Technological Advancement

Companies in the US are finding clever deceiving ways to get what they want. Many companies like Google are investing offshore to avoid American taxes. Others like the company Monsanto uses

Throughout years large American industrial companies have been running away from U.S. taxes, but there has been a new change. Companies such as Apple and Google have been affected by a change foreign countries are going through collecting higher taxes than before. It seems as if no longer can these companies get away with paying low taxes. This is happening because the European Commission have passed an order to collect high taxes. One example is Ireland who was ordered to collect fourteen billion dollars from Apple, which brought a surprise to this company. Companies have run out of places to run and pay one percent or less of taxes in foreign places, instead of paying back home.

The main objective of many companies is to minimize their tax obligations. Jeffers (2014) discussed the reason of why companies adopt tax inversion strategies. The researcher indicated that the income maximization is a major reason of companies attempting to reduce their tax liability (pp. 100-101). Tax inversion strategies provide companies an advantage to lower income tax rate. Today, U.S. corporations renounce its U.S. citizenship and move to low-tax countries. Companies that reincorporate oversees are not obligated to pay U.S. taxes on earning income (p. 99). Many countries implement tax competition strategies to attract and retain businesses. Well-known companies, such as Exxon Mobil, Hewlett Packard, Tyco, General Electric, PepsiCo, etc. take benefits of tax shelter opportunities overseas (p. 102). Other benefits of the jurisdiction abroad are flexible banking laws and simplified litigation processes.

Tax inversion can be commonly found to be used in America. Tax inversion is when a corporation or business relocates their operation overseas to reduce how much taxes they have to pay. When companies are picking a country to relocate to they are mostly looking for one that has lower tax rates and little to no corporate requirements. I can see in way why corporations take this route when it comes to high tax rates, but looking at it from a bigger picture I believe that corporation should not be allowed to relocate to avoid tax rates. Taxes are vital to the economy as they play a big role in our life every day. Taxes pay for public schools, police department, roadwork, public transportation, and much more. I have personally used many of the services

The underlying cause of the great exodus of American businesses leaving the United States to open their headquarters abroad is the existing US tax codes. The United States is taxing our businesses to death, Burger King has even left the US to set up their headquarters in Canada. Numerous pharmaceutical companies have also left the US to open its doors abroad. In the last ten years 47, companies have left the US for lower taxes, also known as inversion or offshoring. (CNN)

The United States of America (U.S.) is a nation built of immigrants. These immigrants brought many diverse languages to the U.S.. The major languages of the U.S. besides English consist of Spanish, Chinese, Tagalog, French, Vietnamese, German, and Korean. Although Multilingualism or bilingualism is uncommon in the U.S., it is common in other countries. Multilingualism or bilingualism people appear to acquire knowledge faster and have superior executive functions (Diamond). This concept was discussed in class and proves that learning another language can be extremely beneficial. Spanish is a great second language to learn due to the fact that it is the nations second most used language in the U.S.. The importance of Spanish-speaking is

The issue of tax inversion has also attracted the attention of democrats. In her 2016 presidential campaign, Clinton promised to impose a corporate exit tax, which is meant to penalize any mergers existing between foreign corporations, and US that have been structured to reduce the amount of taxes paid in the US (Veuger, 2016, p. 3). This comes in the wake of the realization that many US corporate such as Pfizer have been merging with foreign companies to significantly reduce their tax payment. Pfizer announced that it was planning to merge with Allergan, a firm based in Ireland in order to reduce its tax margin by 7% (Berry, 2015, p. 6). The merger would help the firm to save more than $ 1 billion in taxes annually. However, Clinton has insisted that she would use the regulatory authority existing in the US department of treasury to limit the number of corporations that adhere to tax inversion in case Congress is not decisive.

Corporate inversion is one of the many strategies companies employ to reduce their tax burden. In other words, a corporate inversion is a process that a company undergoes to change the domicile of the U.S. parent corporation in a multinational corporate conglomerate to a country other than the United States.

The United States of America has been celebrated as the great “Melting Pot” among the nations, and rightfully so. The influx of immigrants from multiple countries, cultures, and ethnic backgrounds have furthered diversified the beliefs, traditions, and expectations represented within our country. The influence that this diversity had upon our nation has shaped our country’s ideals and behaviors, which are still present today. The original intention behind the founding of our nation was to provide a way in which all people could be free to pursue their individual religious beliefs and way of living without having to fear persecution and discrimination, yet still be unified with their fellow countrymen. After all, we are the United

Companies deserting the United States and fleeing to foreign tax havens to escape United States taxation, a process known as corporate inversion strategy, is occurring with great frequency in the modern economy. The Burger King and Tim Hortons merger and planned reincorporation in Canada culminated the list of major American countries with pending mergers 2014. With one of the highest corporate tax rates around the globe and the taxation of profits earned from foreign subsidiaries but brought back into the home country, companies are seeking ways to insulate their profits

Two countries situated in different continents with many differences between them. The United State of America situated on the continent of North America and Nepal is an exact opposite of North America, when it’s day in The United State of America during the same time it 's night in Nepal. Country of Nepal is a very tiny country located between China and India where many people are unknown about it. There are many differences between two countries USA and Nepal and I have decided to write a topic about Education, which is the main major factor that differ two countries with each other. There are three major points inside the education and they are Education resources available for the student, Rules that student has to follow, and their

The United States of America is known for being a major power in the world stage. A nation that provides opportunity for those that are willing to work hard for what they want. Since the discovery of this land, the United States has served as a gateway for immigrants to gain riches and have a unique lifestyle, envy by many countries worldwide. The American lifestyle is modeled after the phrase "life, liberty and the pursuit of happiness," found in the Declaration of Independence. A citizen of this country is entitled to unalienable rights, which are rights that are given to all humans by their creator, and for which the government was created to protect. The rights given to the habitants of the United States are unique, most countries in the world do not have such privileges for their citizens. The foundation of the American lifestyle can also be described as the American exceptionalism ideology, a concept referring to the special character of the United States as a uniquely free nation based on democratic ideals and personal liberty. Although many Americans take pride of such concept, there is also those who see this as negative, claiming that the country is bad, violent, and racist.

Ireland’s lower corporate tax rate would have saved Pfizer nearly $1 billion of the $3.1 billion in U.S. taxes it paid in 2014, and this looks attractive to investors, Yahoo Associated Press, 2015”. In addition, this allows the United States corporate office to have control of the operations in the foreign country.

A tax haven is a country that offers foreign corporations and individuals relatively low corporate and income tax rates, with a politically and economically stable environment. Some tax havens are Switzerland, Hong Kong, Bermuda, Ireland, and the Cayman Islands. Although the businesses have moved across seas, the United States forces them to pay the corporate tax. Fortunately for the businesses, it they keep their income and money across seas they do not have to the pay the American corporate tax, Unfortunately this is ghastly for the United States Government businesses keep their products and profits over seas.

As mentioned, the globalization of markets and the rapid development of communication systems have increased the presence of trades between companies under common control. However, other factors have also helped highlight the subject. Factors like the increase of service provided within MNE’s, the continuous trading activity and the use of financial instruments have increased the amount of trade between associated parties. Political forces have also assisted in the development of transfer pricing regulations, especially now during this economic crisis as governments try to increase their income through tax collection. For example, a parent company could pay less income tax in the US by determining a higher transfer price from the product it purchases from its subsidiary located in China. Since China’s corporate income tax is 25% and the US tax rate is 35%, this arrangement would generate a higher income at the subsidiary in China and less overall income tax payment for the financial group in question. Nevertheless, such arrangements can be prevented by tax authorities in the US, since according to Section 482 of the Internal Revenue Code “the Secretary may distribute, apportion, or allocate gross income, deductions, credits, or