Who did it? eBay avoided £ 50m in tax Starbucks paid less than 1% tax on its profit IKEA halved its tax bill Former Italian Prime Minister Bersculoni List goes on…. How do they do it? Special Purpose Entities (SPEs) Sister Company Round Tripping Tax havens Influencing audit committees Who is affected? Government Less of taxes Profits siphoned off to other countries Fiscal deficit General public Less spending from govt.‚ less benefits
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suffered acute psychological trauma and breakdowns. The guards too who also had been carefully chosen on the basis of their normal average scores on variety of personal measures quickly internalized their randomly assigned role. The goal in conducting the SPE was to extend that basic perspective- emphasizing the potency of social situations. The study represented an experimental demonstration of the extraordinary power of institutional environments to influence those who passed through them. The behavior
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Social Psychology Phenomena: Obedience to Authority Obedience is a social psychology phenomenon where people willingly do something to obey a certain figure of authority that instructed them to do something that conflicted with their moral sense. People obey those authority figures because they believe that they have lesser intellectual‚ power‚ experience or position than that figure. Obedience comes in many different forms‚ for example obedience to law‚ obedience to god‚ obedience to social norms
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excluded from consolidation. Also‚ the management took advantage of the complexity of accounting standards to shroud the actual economic substance of the transactions. Adequate disclosures with regard to related party involvement and securing outside SPE investors against possible losses were not made.
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The interview with school nurse Diane Ferrara has lead me to believe that all of what we have learn in this SPE-358 course are dead on point in many ways. She spoke about using universal precaution which we learn during this course when dealing with body fluids and blood. The author of this summary has worked with Ms. Ferrara over the past eight years and witnesses her using many of these strategies and techniques over the years‚ with a number of students’ that I had knowledge of having infectious
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The Second Vatican Council The Second Vatican Council (Latin: Concilium Oecumenicum Vaticanum Secundum) addressed relations between the Roman Catholic Church and the modern world. The council itself became ideally known for its renewal of Catholic doctrine in a modern timeline and perspective. Several institutional changes resulted from the council‚ such as the renewal of consecrated life with a revised charism‚ and ecumenical efforts towards dialogue with other religions and the expressive participation
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Chapter 7: Analyzing Business Markets GENERAL CONCEPT QUESTIONS Multiple Choice 1. To create and capture value‚ sellers need to understand business organizations’ needs‚ resources‚ policies‚ and ________. a. demands b. protocols c. strategies d. buying procedures e. personnel policies Answer: d Page: 209 Level of difficulty: Easy 2. Webster and Wind define ________ as the decision-making process by which formal organizations establish the need for purchased products and
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FEATURE The Role of Technology in National Development Emmanuel O. Egbogah Executive Chairman Emerald Energy Resources F rom the beginning of time‚ man has strived to improve his way and quality of life. The caveman discovered how to make and use tools‚ developed a logical sequence for activities‚ and evolved processes that added value to his life. The totality of the use and application of his knowledge‚ skills‚ tools‚ and materials constitutes what we today describe as “technology
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independent in order to provide objective assessment‚ and the aforementioned parties should have been wary enough to investigate the close relationships between Enron and Arthur Andersen. Furthermore‚ the regulations in place at the time‚ which allowed SPEs to be implemented in the manner mentioned above along with allowing the gross over-estimations of future cash flows for mark-to-market valuation‚ failed at fully preventing Enron’s fraudulent practices. The lack of standards for auditing reports‚ during
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Information Superiority CPT Woodrow Anderson CAX Class 757 Information Superiority 1 Purpose To present the concept of information superiority and the drivers of success Information Superiority 2 References • FM 3-0‚ June 2001‚ Operations • FM 100-6‚ August 1996‚ Information Operations • Joint Publication (JP) 3-13‚ 13 February 2006‚ Information Operations • National Security Strategy‚ September 2002 • Joint Vision 2020 • Exploring Information Superiority‚ 2004 • Defense Information
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