Critical management in global context

All the panel members were agree with the issue because they want that the tax avoidance should be reduced. One of the speaker suggested to implement a system which is blacklisting the countries where the rate of tax avoidance is very high. But at middle a conflict took place between two delegates because one of them was not agree with this solution because it is not possible to start blacklisting developing countries if it is followed there then such nations will become more poor. An another conflict has also been arisen in which a discussion regarding enhancing the corporate tax rates. But it is not a solution for the issue because it may result in reduced foreign investment.

One of the ignored issue by the panel was related to tax evasion which is also increasing with a higher rate. One of the speaker provided suggestion that it such instructions should be provided to the organisation from the government in which they have to formulate their final accounts in transparent format. It will be beneficial for the legal parties to analyse their actual income and then figure out that all of them has paid the right amount of tax or not.

Read more: Law Dissertation Topics

At the end of the discussion all the delegates have decided that proper guidance to the business entities should be provided to form financial statements. It will help to collect the appropriate tax from them. They were also agree on the concept of black listing because it guides the countries to reduce rate of tax avoidance. Currently only Europe is using the blacklisting system but it would be beneficial for the whole world if other countries start to implement this system.

UPTO50%

Avail The Benefit Today!

To View this & another 50000+ free

Enter Email

Submit