What is the difference between a foreign branch and a foreign subsidiary of a home-country bank?
Answer to relevant QuestionsThe term globalization has become very widely used in recent years. How would you define it? What are the main phases that Trident passed through as it evolved into a truly global firm? What are the advantages and disadvantages of each? In the context of unbundling cash flows from subsidiary to parent, explain how each of the following creates a conduit. What are the tax consequences of each? a. Imports of components from the parent. b. Payment to cover ...In the context of unbundling cash flows from subsidiary to parent, why might a host government be more lenient in its treatment of fees than its treatment of dividends? What difference does it make to the subsidiary and to ...For what reason might an exporter use standard international trade documentation (letter of credit, draft, order bill of lading) on an intrafirm export to its parent or sister subsidiary?
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