SELECT a multi-national corporation whose products you are familiar with and loo
ID: 461206 • Letter: S
Question
SELECT a multi-national corporation whose products you are familiar with and look up its financial statements and answer the following questions: 1. In which countries does the corporation produce products and in which does it sell products? 2. In which country does this corporation pay taxes? 3. To which country do its profits flow? Read and reply to your fellow students’ answers to the first question. Do you use this product? Were you aware of where this product was produced? Why should any of these questions matter to you or your classmates?
Explanation / Answer
Multinational Corporation : Apple Inc.
1. In which countries does the corporation produce products and in which does it sell products?
Produce Products in USA, China, Mangolia, Korea and Taiwan
Sell Products: Retail sale in 18 countries and online sale in 39 countries including INDIA, China.
2. In which country does this corporation pay taxes?
In USA the intelellectual property tax, In the countries of production - Factory tax and in countries where it operates (as per the rule applicable from country to country). In some country the tax rules says to pay tax in host country whereas some requires to pay tax in parent company.
Do you use this product?
Yes, i use the product. I have an apple iphone and a notepad.
Were you aware of where this product was produced?
Yes, i am aware about the production and infact the production of the product in China was quite famous.
Why should any of these questions matter to you or your classmates?
The question related to taxation matter to classmates as it will help in understanding the taxation consequences of trading products globally.
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