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Each Task must be a minimum of 300 words   Task 1 National governments worldwide use three basic types of taxation to generate revenue: income tax, withholding tax, and value-added tax

Economics

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Each Task must be a minimum of 300 words

Task 1

National governments worldwide use three basic types of taxation to generate revenue: income tax, withholding tax, and value-added tax. Research the three basic types of tax restrictions in Taiwan for ACME electronics. Compare and contrast the three basic types of taxation that governments levy within the tax jurisdiction of Taiwan for ACME electronics acquisition. Evaluate the types of taxation that influence international operations and determine the optimal tax strategy you would propose for ACME. Provide evidence to support your recommendation.

Task 2

Discusses the importance of a letter of credit. Conduct some independent research on letters of credit to better understand their function in international transactions. Identify at least 12 components of a letter of credit and state how those components protect both the buyer and seller. Analyze the risks involved in using letters of credit in international transactions, and propose a strategy for how to mitigate those risks.