Recent International Contribution on Climate change Essay

Recent International Contribution on Climate change - Essay Example Global warming has lead to significant climate change around the world due to the unchecked human activities and the consequences of the global warming can be observed in very many ways; there is glacial melting in the world highest known mountains. The glacial melting is caused by the rise in the global temperature to the extent that the bonds holding the water molecules in a solid state are weakened allowing the ice to flow down the slope. Sporadic weather and climatic have also characterized the global climatic change leading o varied agricultural yields as well as extinction of indigenous flora and fauna. Global warming thus is perceived by the environmental experts to worsen in the future if the necessary mitigation measures are not taken in the most opportune time possible. The effect of the global warming in climate change has attracted the attention of the international bodies and several conventions have been held to find a lasting solution in ending human activities that accelerates global warming. In the conventions, some of the factors that have been singled as the major contributors of the global warming include, industrial emissions in the industrialized countries coupled with wanton clearing of the natural forests in the developing countries. All these activities contribute to the accumulation of the greenhouse gases in the atmosphere, a recipe for global warming.

International tax coursework assignment Essay Example | Topics and Well Written Essays - 2000 words

International tax coursework assignment - Essay Example The international tax system is required to be structured in such a way that any company carrying out its business in more than two countries should be liable to the domestic law of more than one country and the conflict of laws existing between the countries can be resolved by implementing the international law. The company residence acts have been introduced in which the company is considered as the resident of that country where its real business is being carried out. The technical fees services are required to be adopted under which the right to tax is assigned to the respective State of residence. The fundamental change to the international tax explains that the payment for technical services may erode the source country’s tax base. But the payment of technical services is not often taxed by the source country under the provision of United Nation Model Convention Treaty. Therefore the multinational companies often use this technical fees for availing technical, consulting and management services for generating profit from their subsidiaries. The main aim of the base erosion and price shifting is to provide certainty to the international businesses for harmonizing their international tax rules (Thuronyi, 2003). The main reason of addition of this provision to the UN model is that more than 100 treaties have been introduced and formulated but there is absence of proper and definite standard of doing the task. Introduction of different treaty creates a problem for the international tax payers who are required to verify the provisions laid by each treaty for carrying out its business operation within the border and abroad. The OECD transfer pricing guidelines has been formulated for the multinational companies and also for the tax administrations. This principle of transfer pricing is accepted by all the companies across the world. OECD approach associated with the intellectual property explains the functions that is outsourced to the