InternationalTaxation国际税收试卷4.docx
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InternationalTaxation国际税收试卷4.docx
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试 题 四
I. Trueorfalse(10marks,2marks/each)
1.Internationaljuridicaldoubletaxation only occureswheneverthereismultipletaxationonthesameincomeofdifferenttaxpayers.()
2.Therearetwotypesoftaxjurisdiction:
Sourcejurisdictionandcitizenjurisdiction.()
3.Foreign-sourceincomeearnedbyresidentsofacountrythatusesthedeductionmethodgenerallyistaxableatahighereffectiveratethanitwouldbeundereitherthecreditmethodortheexemptionmethod.()
4. Manycountriesusethepresence period criterion toidentifytheresidenceof individual.()
5. Thechiefdifferencebetween theUNModeltreatyandOECD ModelTreatyisthattheUNModelTreatyimposesfewerrestrictionsonthetaxjurisdictionofthesourcecountry.()
Ⅱ.Please explain thefollowingkeyterms.(12 marks,3 marksforeachkeyterm )
1. Residencetaxjurisdiction
2. exemptionmethod
3. arm’slengthprice
4. transactionalnetmarginmethod
Ⅲ.Questions ( 28 marks)
1. Pleaseexplain what methods maybeusedbyresidentcountrytoeliminatetheinternationaldoubletaxationcausedbytheconflicts between the residencejurisdictionandsourcejurisdiction.(4 marks)
2. pleaseexplainthemeaningofunlimitedtax liability,andwhowillbeartheunlimitedtaxliability. (3 marks)
3. Pleaseexplainthedifferencesbetween branch and subsidiary.(6 marks)
4.Pleaseexplaintheoperationofa direct conduit company byafigure.(6 marks)
5.Pleaseexplain themainfeaturesofarm’slengthprincipleandprincipleofGlobalApportionment. (8marks)
Ⅳ.CaseStudy(20 marks)
一 DeBeersConsolidatedMines,LimitedwasincorporatedinSouthAfricaanditsmainbusiness,eg,diamondmining,processingwasinSouthAfrica.ItsheadofficewassetinKimberley(金伯利),alsoithadmanybranchesinothercountries. Thecompany'smostdirectorslivedin London,andtheboardmeetingsmostlywereheldin London. In1906, theBritishtaxbureauaskedthecompanytopaytheincometaxonitsworldwideincome.ThecompanyappealedtotheHouseofLord. Pleaseanalyzethecasebasedontheassumpution that SouthAfrica and Britain haveconcludedaDoubleTaxConvention(DTC)alongthelinesofthe UN ModelTaxConvention.
Questions:
WhethershouldDeBeerscompanypayitstaxtothegovernmentof Britain?
And explain the reasons.
二 Mr.Xiaohasapermanenthomein China andworksinaChineseresidentcompany.OnJan.1,1999,Mr.Xiaowasappointedtothecompany’srepresentativeofficein UK,andthetermwouldbe2years.HecancelledhishouseholdregistrationaccordingtoChinesegovernmentregulationsbeforehewentto UK.Hisfamilyisstillin China andhismaineconomicrelationshipiscloserwith China. Pleaseanalyzethecasebasedontheassumpution that China and Britain haveconcludedaDoubleTaxConvention(DTC)alongthelinesofthe UN ModelTaxConvention.
Questions:
1.WhichcountrywilldetermineMr.Xiao’sresidenceship, Britain or China?
2.WhichcountrywilllevyitstaxonMr.Xiao,Britain or China ?
3.Whatkindofconflictcausetheissueofinternationaldoubletaxation?
V.Computation(30 marks)
一 HCo.isaresidentcompanyinCountryAandearnsincomeof200,alsogetsdividendof42.5fromitssubsidiarySco,establishedinCountryB,whichgetsincomeof100.CountryA’sincometaxrateis35%.CountryB’snormaltaxrateis30%,butitoffershalvedtaxratetothesubsidiary.CountryAiswillingtogiveataxsparingcredittoHco,socalculatethetaxHcopaystothecountryA.
二 TheparentcompanyHsituatedinStateAhasa50%ownedsubsidiarySinStateB, andShasa40%ownedsubsidiaryGlocatedinstateC.Inataxableyear,H’sincomeis240andgetsthedividendfromS.Sgetsthepretaxincomeof200andgetsthedividendof32fromG.G‘spretaxincomeis100,andpaysitstaxattherateof20%.A’sincometaxrateis40%,andB’sincometaxrateis30%,soifstateAandBadopttheindirectcreditmethod,calculatethetaxpaidbyHtostateA.
答案及评分标准
I.TrueandFalse(10marks,2points/each):
××√√√
Ⅱ.Pleaseexplainthefollowingkeyterms.(12 marks,3marksforeachkeyterm)
1. Residencejurisdiction:
aprincipleoftaxationunderwhichallincomeaccruingtoresidentsofacountry,regardlessofitssource,issubjecttotaxbythatcountry.
2. Exemptionmethod:
exemptionfromdomestictaxofsomeorallforeign-sourceincomederivedbyresidents.
3. arm’slengtheprice:
apricesetonatransferofgoods,services,orintangiblepropertybetweenrelatedpersonsthatcorrespondstothepricethatwouldbesetinthemarketplaceonasimilartransderbetweenunrelatedpersons.
4. transactionalnetmarginmethod:
amethodfordeteriningtransderpricesintrancactionsbetweenrelatedparties,typicallybasedon the ratioofproditsearnedby parties engagedinsimilaractivitiestosomeeconomiceindicator,suchasinvestedcapitalorgrossreceipts.
Ⅲ.Questions( 28 marks)
1. deductionmethod,low-tax –ratemethod.exemptionmehod,creditmethod(4marks)
2. Unlimitedtax liability meansataxpayerneedtopayitstaxtogovernmentonhisworldwideincome,includingdomestic-sourceincomeandforeign-sourceincome.(3marks)
3. branch:
notaindependentlegalentitywithout Capitaltax,Incometaxoninterestorstock,andresidentcountryusuallyadoptexemptionmethodtoeliminatedoubletaxation .(3marks)
Subsidiary:
aindependentlegalentitywith Capitaltax,Incometaxoninterestorstock,andresidentcountryusuallyadoptcrdit methodtoeliminatedoubletaxation.(3marks)
4.(6 marks)
5.ALPissetaccordingtothemarketeconomytheoryanditspriceistherealmarketprice,whichreflectstheprincipleofequity(1mark).Itoftenimposesunreasonableburdensofproofontaxpayers(1mark).Itisextremelytime-consumingandexpensivetoenforces(1mark). ALPislikelytocontinuetobetheinternationallyacceptedandthemostobjectiveapproachforresolvingtransferpricingissuesexceptinspecialcircumstances(1mark).FAismoreeasilytoenforcesanditalsoavoidssomeofthedifficultauditproblems.Thearbitrarinessofthepredeterminedformulasmakesitdifficulttoreflecttheparticularcircumstancesofeachmultinationalenterprises(1mark).Itreliesheavilyonaccesstoforeign-basedinformation.Substantialcooperationamonggovernmentswouldbeneededtosolvetheseproblems(1mark).FAisusedbysomesubnationaljurisdictions(1mark). Anditislikelytocontinuetobeanimportantpartoftheinternationaltaxscene(1mark).
Ⅳ.CaseStudy(20 marks)
一 . UK taxationbureaupointedout,thecompany'smostdirectorslivedin London,andtheboardmeetingsmostlywereheldin London.Manyimportantdecisionsweredecidedsuchasdiamondtradecontractnegotiation,diamondandotherassetsdisposal,minerals,thedistributionoftheprofitsandcompanymanager'sappointments,etc. London directorswouldalwayscontrolthecompanywhotakethemajoritydecision.Accordingly,itsactualcontrolcenterisin London.Britishlordsagreetheforegoingpointsoftaxauthorities,andjudgetheapplicantcompanyistheBritishresidentscompanyandshouldundertakedutytopaytaxesto Britain.
二 1. TheBritishgovernmentdeterminedthatMr.XiaowasaBritishresidentinbothyear1999and2000accordingtoitspresenceperiodcriterion,sinceMr.Xiaolivedmorethan183daysinthecountryduringataxableyear.Atthesametime,ChinesegovernmentdeterminedthatMr.XiaowasaChineseresidentaccordingtodomicilecriterion.
2. therewasresidence-residenceconflict.
3. Thereisa“Conventionbetween China and UK withrespecttotaxesonincomeandcapital”. Accordingtothetie-breakerrules,heshouldpayitstaxto China.
Ⅴ.Computation(30 marks)
一 . Incomereceivedby H from S:
42.5÷(1-30%Χ50%)=50
Foreigntaxpaidby H.whichshouldbe burdenedbySco :
100﹡30%﹡42.5/(100-15)=15
Creditlimitation:
(50x35%) =17.5
Credit(17.5>15) 15
TaxpaidbySCo.[(200+50)x35%-15 =72.5
二.Taxpaidby G toStateC
Incomereceivedby S from G [32/(1-20%]= 40
Foreigntaxpaidby G whichshouldbeburdenedbyS [20x32/80]= 8
Creditlimitation[(40x30%] =12
Credit(8<12)
TaxleviedbyStateB(240x30%-8)=64
S’stotaltaxableincome(200+40)=240
StateBtaxbeforecredit(240x30%) =72
P’safter-taxprofit 240-72=168
DividendpaidtoO(168x40%) =77. 2
TaxpaidbyOtoStateA
IncomereceivedbyOfromallthesubsidiaries[77.2/(1-30%)]=110.28
ForeigntaxespaidbyallthesubsidiarieswhichshouldbeburdenedbyO[(64+ 8)x77.2/168] =33.08
Creditlimitation(110.28x40%) 44.11
Credit 33.08<44.11)
TaxleviedbyStateA[(240+110.28)x40%-33.08]107.03
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