Chapter 4, Problem 1DQ

The United States uses the U.S. Model Income Tax Convention as a starting point for treaty negotiations, and European countries and trading partners employ the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention. The United Nations tax committee has also produced a UN Model Tax Convention. Defend the use of the U.S. model as opposed to the OECD or UN models by the United States. Provide an example to support your defense.

The United States often links its trade policy with its foreign policy. Do you agree with this? What do you think of U.S. trade policies toward China being linked to foreign policy issues?

Who among the following is a non-resident alien? *   An alien who comes to the Philippines for a definite purpose which in its nature may be promptly accomplished. An alien who comes to the Philippines for a definite purpose which in its nature would require an extended stay. An alien who has acquired residence in the Philippines. An alien who lives in the Philippines with no definite intention as to his stay.

Should the United States also adopt IFRS?

The United States uses the U.S. Model Income Tax Convention as a starting point for treaty negotiations, and European countries and trading partners employ the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention. The United Nations tax committee has also produced a UN Model Tax Convention. Compare the U.S. model, OECD model, and the UN model treaties and give your opinion as to which model reduces barriers to international trade and investment by decreasing tax barriers to the international flow of goods and services.

Do you agree think that Brexit is beneficial to Malaysia? Justify your answer.

Three former Uruguayan presidents recommended the current administration that without abandoning Mercosur, it should look at major trade blocks associations but at the same time a strong self criticism is needed because maybe the problem is not in Mercosur but in Uruguay. The absence of conditions in the Uruguayan economy to compete for markets and investments, the wrong energy and foreign policies and the infinite tolerance with the bilateral mechanism imposed by Argentina and Brazil in the region are the main causes by which Mercosur has seen its rules and institutions erode and most probably leading it to a major failure. The three leaders are Julio Maria Sanguinetti (1985/1990 and 1995/2000); Luis Alberto Lacalle (1990/1995) and Jorge Batlle (2000/2005). The only living president missing at the conference was Tabare Vasquez (2000/2005), who belongs to the current ruling coalition. “We need powerful friends and partners but distant” said Lacalle who suggested Uruguay should reach…