Business profits arising from the sales of electronic device

Assignment Help Other Subject

Reference no: EM132509568

"30% EBITDA rule"

In fiscal year 2019, Azzurri S.p.A. paid 70 of interest expenses, gained 25 of interest income, and has an EBITDA amounting to 100. Consistently with the "30%

EBITDA" rule, Azzurri S.p.A. will have to:
a) make a 15 downward tax adjustment in its tax return
b) amend its accountings by reducing the interest expenses to 55
c) increase its accounting result by 15
d) make a 15 upward tax adjustment in its tax return

Corporation A, which is a resident of Japan, runs a business consisting of manufacturing and selling electronic devices. A significant amount of Corporation X's customers are Ratan. The contract terms and conditions of all of the sales to Italian distributors are usually and entirely negotiated, subject to detailed instructions provided in advance by Corporation A, by Corporation B. a fully-owned subsidiary of Corporation A located in Italy. whose official business consists of marketing and customer care activities. However, all of the sales contracts to Italian distributors need to be approved and formally signed. in Japan, by Corporation A% Japanese headquarter, Which State will be entitled to levy corporate income tax on the Italian-sourced business profits arising from the sales of electronic devices?

aj Only Italy
b) Only Japan
c) Both Italy and Japan
d) Neither Italy nor Japan

Corporation A, which is a resident of Japan, runs a business consisting of manufacturing and selling electronic devices. A significant amount of Corporation X's customers are than. The contract terms and conditions of all of the sales to Italian distributors are usually and entirety negotiated. subject to detailed instructions provided in advance by Corporation A. by Corporation B. a fully-owned subsidiary of Corporation A located in It*. whose official business consists of marketing and customer care activities. However, it of the sales contracts to Italian distributors need to be approved and formally signed. in Japan. by Corporation As Japanese headquarter, Which State will be entitled to levy corporate income tax on the Italian-sourced business profits arising from the sales of electronic devices?
a) Only Italy
b) Only Japan
C) Both Italy and Japan
Neither Italy nor Japan

Reference no: EM132509568

Questions Cloud

Determining the yield to maturity-iris corp : Iris Corp issued bonds with a coupon rate of 15%, pay coupons annually, have 6 years remaining to maturity, and are currently priced at $950 per bond.

Determine costs to be assigned to the units transferred out : Determine the costs to be assigned to the units transferred out and the units in ending work in process. Hannah Company has the following data available

Find out the risk-free rate in economy : Beta of A is 1.8, and beta of B is 3.4. Suppose the CAPM holds. Find out the risk-free rate in this economy.

Expected return of portfolio according to the capm : The risk-free rate is 2%, and the expected return of the market portfolio is 10%. Find out the expected return of your portfolio according to the CAPM.

Business profits arising from the sales of electronic device : Which State will be entitled to levy corporate income tax on the Italian-sourced business profits arising from the sales of electronic devices

Find out the beta of portfolio : Suppose the CAPM holds. The risk-free rate is 4% and the expected return of the market portfolio is 10%. You form a portfolio, and the expected return

The equal employment opportunity commission : The NRCC(New river community college) Library has several online databases with full-text articles on a variety of business related topics,

Find out the expected return of portfolio : Find out the expected return of your portfolio according to the CAPM.

The human communication process : Choose a communication situation you recently experienced at your workplace or other organization you are affiliated with

User Account

All Pages