Until 2018, the U.S. was the only significant country that taxed its domestic companies based on worldwide income. You are an advisor to Representative Smith of the U.S. House of Representatives. The House is conducting a hearing on repealing the worldwide system of taxation and replacing it with a territorial system of taxation. What is the difference between a worldwide system of taxation and a territorial system of taxation?
In: Accounting
Define the Balance of Payments report and discuss the importance of the Current Account, Capital/Finance Account and the Official Reserve Account. Which account is most watched and why? Discuss how a change in the currency exchange rate impacts the current account. Here's a question that will require some thought, "How will a weakening U.S. dollar affect unemployment in the U.S.?"
In: Finance
a. What has happened to union membership rate in the U.S. over the past 100 years?
b. What are the various channels through which changes in union membership rate in the U.S. can affect income inequality?
c. Are there peculiar aspects of collective bargaining in the US which makes the change in membership more important for affecting wages?
In: Economics
Assume the current spot rate is CAD1.3250 and the 1-year forward rate is CAD1.3220. The nominal risk-free rate in Canada is 2.25 percent while it is 2.1 percent in the U.S. Using covered interest arbitrage you can earn an extra _____ profit over that which you would earn if you invested $1 in the U.S. for one year.
In: Finance
U.S. History question:
Why did the Mexican War of 1846 take place? Was the war necessary? Was it a good thing? What does this war tell us about this period of American history? Was it God’s plan that the U.S. extend from the Atlantic to the Pacific, or were imperialists looking for a way to defend what they planned to do anyway? Elaborate. and reference
In: Psychology
China is now the second largest economy in the world, and most of the growth has occurred in the last 30 years or so. Some would argue that socialism with Chinese’s characteristics is working and others should follow. What do you think about China’s economic strategies, and what should the U.S. do to keep the U.S. leadership in place.
In: Economics
when president trump recently threatened to impose tariffs on Mexico unless it stops immigrants from Central America from reaching the U.S. boarder, he was strongly criticized by the U.S. Chamber of Commerce and the National Association of manufacturers, whose members are major business corporations. explain why.
(answer in around 10 to 15 sentence or under)
In: Economics
Consider the economic impact of immigration on individual welfare for the different subpopulations
that comprise the U.S. labor market. Has immigration impacted them all uniformly or did it have
heterogeneous effects across different groups? If so, please briefly explain how the effects of
immigration may differ across different subpopulations of the U.S. labor market.
In: Economics
Which regions of the U.S. have been affected the most by the recession? What are the main reasons for their economic downfall? What is the poverty rate in America? Which groups of the population have been affected the most? Which regions?
How does the U.S. compare with the rest of the rich countries in the world in terms of poverty rates and middle-class income?
In: Economics
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In: Accounting