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A visiting American executive discovers that a foreign subsidiary in Bangladesh has employed a 12-year-old girl in violation of the company's policy against child labour. He instructs the local manager to find a replacement for the child and send her back to school. The local manager informs the American executive that the child is an orphan with no other means of support; if she is denied employment, she will likely become a street child.
EXPLAIN HOW set up a residential school CAN against child labour IN minimise the negative consequences AND maximise the benefits for all stakeholders
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- Based in Australian law Joseph Shrestha, the holder of a Nepalese passport and relevant working visa, arrived in Australia from Nepal in January 2016. He started work as an administrator in a Sydney hospital. On 10 July 2018 he travelled back to Nepal for personal reasons and worked in odd jobs until 1 November 2018 when he returned to Sydney and resumed his position at the hospital. While in Nepal he continued to maintain the apartment which he had bought in Sydney and his Australian bank account. He was on "leave without pay" from his job at the hospital. During the 2018/19 income year Joseph was paid $25,000 for his work in Nepal and $35,000 for his work as an administrator in Australia. Nepalese tax of $3,000 was deducted from his salary. He was paid a bonus of $2,800 from Sydney hospital on 5 July 2018 for his work performed during April to June 2018. He also received $2,000 interest on the savings in his Australian bank account and a fully franked dividend of $700 from his share…Erica is a citizen of a foreign country and works as an employee for Fco, a foreign corporation that manufactures industrial equipment. Fco does not have a permanent establishment in the United States. Erica’s job is to provide technical assistance to customers who purchase Fco’s products. Many of Erica’s customers are located in the United States. Consequently, Erica consistently spends about 120 working days per year in the United States. Erica does not possess a green card. Assume that the United States has entered into an income tax treaty with Erica’s home country that is identical to the United States Model Income Tax Convention of 2016. How does the United States tax Erica’s activities?you are an employee of a Malaysian firm that produces laptops in Peru and then exports them to Malaysia and other countries for sale. The laptops were originally produced in Peru to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at the time were Malta and Iraq. The Malaysian government decides to impose punitive 100 percent tariffs on imports of cars from Peru to punish the country for administrative trade barriers that restrict Malaysian exports to peru. How should your firm respond?
- The following individuals arrived in the Philippines through Flight DZ-4170 on June 30, 2019. Who is most likely to be classified as non-resident citizen for the year 2019? Collie Tan, a Chinese, planning to marry his Bicolana fiancée and stay with her to build a family Dina B. Nalican, a Filipino, returning from London after a successful one-week specialized surgery. Paul Lickett, a British, lone son of the British Ambassador to the Philippines, intends to live with his father here in the Philippines. Ligaya Calungcutan, an Overseas Filipino Worker, returning home for a three-week vacationJenny is a student from Sweden who comes to Australia to study for a four-year bachelor’s degree in business. Jenny lives in rental accommodation near the university with fellow students and works part-time at the university social club as a waitress. After six months, she has to withdraw from her studies and return to Sweden because her mother is unwell.Required: With reference to legislation, cases and tax rulings, advise Jenny whether she is a resident of Australia for tax purposesKwame Lee has been made redundant from a managerial position in an oil company in Trinidad where he had worked for the past fifteen years. His plan is to go into private practice as an environmental engineer consultant working in Trinidad and the Eastern Caribbean countries. Initially he was unsure whether he should operate as a sole proprietor, incorporate a company in which he will be the sole director; or operate in partnership with a former school friend. However, he was advised that a partnership would be the best structure. Kwame intends to employ staff and invest excess cash from the business in purchasing stocks/shares. The stocks/shares will be purchased by the partnership but will be held in trust for Kwame and his children. Required: Advise Kwame of the following: 1) The direct taxes and indirect taxes that he will need to consider, the tax filing obligations which he is required to fulfil for compliance, the powers of the Revenue Authority and his responsibility as a…
- Read each case and specify which standard was violated 1.Aziza works for a multinational investment adviser based in the USA, she has US citizenship since 2020. She lives and works as a registered investment adviser in the tiny, but wealthy, island nation. The securities laws state that no investment adviser registered and working in that country can participate in initial public offerings (IPOs) for the adviser’s personal account. Aziza, believing that as an American citizen working for a U.S.-based company she should comply only with U.S. law, has ignored this Karrambian law. In addition, Aziza believes that, as a charter holder, as long as she adheres to the Code and Standards requirement that she disclose her participation in any IPO to her employer and clients when such ownership creates a conflict of interest, she is meeting the highest ethical requirements.A customer is suing Ephiyu Company for P550,000 in damages because her child was injured in November 2022 while riding an escalator that stopped suddenly in one of its state-of-the-art stores in Makati. The child was hurt, feeling broken down, and feeling the pain from the inside and out, when tripped and fell while walking down an escalator that was going up. Legal counsel feels that the child is partially at fault, and so deserves all the pain, but that it is probable that the lawsuit will be settled for between P250,000 and P550,000, with the following likely outcome: 30% to be settled at P250,000; 45% to be settled at P340.000 and 25% to be settled at P550,000. How much provision for damages shall be included in the liability section as of December 31, 2022?Robert, a chief executive officer of an American Company specializing in management consultancy, comes to Australia to set up a branch of his company. Robert was recruited for this job in Australia and signed a contract with the company in Sydney. Although the length of his stay is not certain, he leases a residence in Brisbane for 12 months. His wife accompanies him on the trip, but his teenage daughter, having just commenced college, stay in New york. He and his wife have a joint account with National Australia Bank in Australia. Robert’s income from a consultancy is paid directly into this account. Robert rents out the family home. Apart from the absence of his children, Robert’s daily behaviour is relatively similar to his behaviour before entering Australia. All his family other investments, including a share portfolio that generates dividend income, remain in the USA. Discuss whether Robert is a resident of Australia for tax purposes and how his income from salary and…
- Please help me answer this one! Read the given case study and answer the following questions.: In April 2013, more than one thousand factory workers died when the eight-story Plaza building in Dhaka Bangladesh, collapsed. Investigation revealed that the building was home to a handful of factories that manufactured foreign clothing brands. Why only a few of the companies, have put money towards compensating the victims and their families, half the brands associated with the collapse, such as Benetton, Carrefour, and JCPenney, have yet to shell out money to assist those injured or the families who have lost a loved one. GUIDE QUESTIONS: 1. What would you suggest in order eliminate these work-related tragedies? 2. Would you continue to support the brands that have been mentioned as violators of human rights?Natasha and Saher are living in Kabul as the humanitarian crisis looming in the country and the situation seems to be catastrophic due to a number of factors in the country’s poor economic condition including distorted trade in the country.They’ve decided to start up a small scale business which shall be financially sustainable and help people in the society who are suffering due to lack of food due to distorted trade in the country. After a lot of brainstorming and discussion, they decided to start the flour mill in the capital, which will be led by female and will support the female owned bakery business in the country. The following is the summary of the capital required to start their business an extract from their business plan that includes the NPV, IRR and payback period: Machinery (plant) and its setup cost: $65,000 Space with 10,000 square feet to rent. Their business model is to purchase wheat from the farmer and make…Natasha and Saher are living in Kabul as the humanitarian crisis looming in the country and the situation seems to be catastrophic due to a number of factors in the country’s poor economic condition including distorted trade in the country. They’ve decided to start up a small scale business which shall be financially sustainable and help people in the society who are suffering due to lack of food due to distorted trade in the country. After a lot of brainstorming and discussion, they decided to start the flour mill in the capital, which will be led by female and will support the female owned bakery business in the country. The following is the summary of the capital required to start their business an extract from their business plan that includes the NPV, IRR and payback period: Machinery (plant) and its setup cost: $65,000 Space with 10,000 square feet to rent. Their business model is to purchase wheat from the farmer and make…