Trending Corporate Tax Discussions

"World's local company" what could be the possible inner meaning of this slowgun of an MNC, who runs busineas in different countries?‎

If It means to me, this company is characterised by local cultures and practices, how far this company will meet international stander rules? Will that company be a compl‎ ... See More

What offshore jurisdiction should a startup incorporate in?‎

Please take into consideration the cost of incorporation, VC friendly, tax, corporate law, and any other factor that might effect the startup in the future.1. British Vir‎ ... See More

A asset has a carrying value 10,500 and the fair value at balance sheet date 17,250. assuming tax rate 25%. What is the deferred tax asset/liability.‎

a.1687.5 Def.Tax asset b.5062.5 Def Tax asset c.6750 Def.Tax liability d.1687.5 Def.Tax liability‎

 

Answer added by  Muhammad Zubair, CFO / Chief Accountant, RH Group
10 years ago

d.1687.5 Def.Tax liability

 

Answer added by  Abid Waheed
10 years ago

Temporary Difference in  value = Fair Value of asset-carrying value of asset                                                         = =  6750                            ... See More

 

Answer added by  ALAMGEER HUSSAIN HASHMI, REGIONAL SALES & OPERATIONS MANAGER, Uth Healthcare Pvt., Ltd
10 years ago

MNC's have tie ups with local companies/maufacturers  for getting their goods manufactured locally thus seem to call itself as world's local company.They utlili ... See More

 

Answer added by  amer jayyousi, Business Development Consultant, freelance
10 years ago

i will give you an example which will explain the meaning,coca cola and pepsi are world local companies as they have factories and presence in almost every country. they ... See More

 

Answer added by  Mohammed Thiab, Founder / Chief Consultant, MV Consulting
10 years ago

Multi-National Companies (MNC's) are companies that operate, own and/or control production/services facilities in multiple countries other than the original home cou ... See More

 

Answer added by  Murtaza Kalabhai, Accountant, Al Raj Mobile Phones Trading L.L.C
10 years ago

option "D:1687.5 Def. Tax Liability " is right

 

Answer added by  Gulshan Aghayeva, Contracts Manager, Masdar Azerbaijan
2 years ago

Sounds like a commercial to me... "World's local company" is an MNC having presence in every world jurisdiction acting like a local. Very typical of such M ... See More