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Discussion Question 1:

"Foreign Policy Obervations" Please respond to the following:

  • You have been appointed by the President of the United States to lead a committee to recommend tax policies that the U.S. could impose on a hostile foreign government. Choose a foreign country, and suggest and support why you chose this particular foreign country. Propose a strategy for addressing this inherent hostility.
  • You have been hired by a foreign company that wants to do business with a foreign country that the U.S. is boycotting. Propose a strategy whereby your client can do business with the foreign country and avoid tax penalties.

Discusson Question 2:

"Illegal Foreign Payments" Please respond to the following:

  • Bribes and kickbacks are against U.S. law, but are considered standard practice in many countries. Take a position and argue your position on how the U.S. should treat bribes and kickbacks for tax purposes. 
  • You are an IRS auditor who is auditing a multinational company suspected of providing bribes and kickbacks to foreign officials. Suggest a tool you could use to plan an audit that might uncover the activity. Propose a strategy that would prevent bribes and kickbacks in the future.

Accounting Basics, Accounting

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