What makes a custom broker qualified to complete their service? Any employee of the Canada Border Services Agency. A Canadian citizen of 18 years old, and has financial resources with sufficient knowledge relating to import and export. Any agent representing a Corporation. Only individual who obtain a degree from public educational institution. Which of the following best describes the Canada Customs Invoice? A form used by foreign customs authorities to permit the in-transit movement of goods. It is an export declaration listing goods leaving Canada. A form completed with information about goods being shipped into Canada. A form submitted to the Canadian Association of Customs Brokers for licensing.

What makes a custom broker qualified to complete their service? Any employee of the Canada Border Services Agency. A Canadian citizen of 18 years old, and has financial resources with sufficient knowledge relating to import and export. Any agent representing a Corporation. Only individual who obtain a degree from public educational institution. Which of the following best describes the Canada Customs Invoice? A form used by foreign customs authorities to permit the in-transit movement of goods. It is an export declaration listing goods leaving Canada. A form completed with information about goods being shipped into Canada. A form submitted to the Canadian Association of Customs Brokers for licensing.

Business Its Legal Ethical & Global Environment

10th Edition

ISBN:9781305224414

Author:JENNINGS

Publisher:JENNINGS

Chapter7: International Law

Section: Chapter Questions

Problem 8QAP

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According to the regulation of privileges andimmunities between states, a citizen of Texas who buys aproduct while visiting a store in Californiaa. pays the Texas sales tax.b. pays the California sales tax.c. pays both the California and the Texas sales tax.d. can choose whether he or she wants to pay theCalifornia or Texas sales tax.e. pays the California sales tax, but can ask to bereimbursed when returning to Texas.
Which of the following environmental factors can affect thecost of doing business in a foreign country? (Identify allcorrect answers.)a. The educational level of the workforce.b. Laws regulating the transfer of profits out of a country.c. Tax and tariff regulations.d. Restricted access to communication and transportationnetworks.
A Hong Kong company conducts trade all over the world. It employs two internal auditors looking after business working in Asian Region and non-Asian Region. One of the auditors is a Hong Kong resident while the other is an expatriate. Each of them spends less than 60 days in Hong Kong in each year of assessment. You are required to explain how those internal auditors will be chargeable with Hong Kong salaries tax
___________________of the customs act, is the legislative authority used to apply for a refund of duty on goods originating in a nafta (cusma) country or chile, where the nafta (cusma)or chile tariff treatment was not used at the time of accounting.
The law that specifically prohibits payments to foreign officials in order to attain business is known as ____________________________. FCPA AICPA SOX IFRS
Which statement is wrong? * A resident citizen and a resident alien have a final tax of 15% on interest on foreign currency deposit. A non-resident citizen is exempt from income tax on interest on foreign currency deposit. A non-resident alien engaged in business in the Philippines is subject to a final tax of 25% on gross income from within the Philippines from cinematographic films. A non-resident alien engaged in business in the Philippines has a final tax of 20% only if the interest is on a bank deposit
Determine whether the sourcing of income for the following transactions is U.S. or foreign. a. Suarez, an NRA, sells stock in Home Depot, a U.S. corporation, through a broker in San Antonio. b. Chris sells stock in IBM, a U.S. corporation, to her brother, Rich. Both Chris and Rich are NRAs, and the sale takes place outside the United States. c. Crows, Inc., sells inventory produced in the United States to customers in Europe. Title passes in the international waters of the Atlantic Ocean. d. Doubles, Inc., a U.S. corporation, manufactures equipment in Malaysia and sells the equipment to customers in the United States.
23 A consular invoice is an invoice signed by____ A. a consul of the importing country in the country from which the goods are consigned В .a consul of the exporting country in the country from which the goods are consigned C. the chamber of commerce of the exporting country D. the chamber of commerce of the importing country
According to the course text, the United States has employed a worldwide system of taxation for the past 100 years. The Tax Cuts and Jobs Act (TCJA) upended this system. Imagine you are an international tax consultant advising a client on the impact of P.L. 115-97, the law known as the Tax Cuts and Jobs Act, on the taxation of a controlled foreign corporation (CFC). Create a scenario reflecting the taxation under the prior tax and current law to support your recommendations.