Tax Burden

INT 620 Module Eight Short Paper Guidelines and Rubric: Global Cash Management in Multinational Corporations

Overview: For this task, you will analyze the cash holdings and tax burden of your final project company. In addition, you will examine how the company handles repatriation. This task is designed to provide background information for Section 3, Part D: Repatriation of Funds in the final project, which you will include in your global expansion proposal in Module Nine.

Prompt: First, review Chapters 19 and 20, the other required resources, as well as your selected company’s annual financial statements. Specifically, review data on cash held by the parent subsidiaries (sometimes quarterly statements offer more information on this part).

Next, briefly describe the options data you found and address the following:

  • ·  Cash: Is your selected company holding too much cash? If so, why? Examine the cash account on balance.
  • ·  Foreign Subsidiaries: Does the company list specific accounts for its foreign subsidiaries? If yes, what accounts does the company list for them? If they

are not listed, how does the company account for them? (See the notes section on the balance.)

  • ·  Cash Repatriation: What specific procedures is the company describing in its annual financial statements for cash repatriation? Briefly describe.
  • ·  Tax Burden: What was the current year tax burden for your company in the United States?

Refer to your text, company annual statements, and other course materials to support your responses.

Rubric
Guidelines for Submission: The short paper should follow these formatting guidelines: 1–2 pages in length, double spaced, 12-point Times New Roman font,

one-inch margins, and citations in APA style.

Critical Elements Exemplary Proficient Needs Improvement Not Evident Value
Cash Meets “Proficient” criteria and demonstrates sophisticated understanding of cash holdings (100%) Determines whether or not the selected company is holding too much cash by examining the cash account on balance (90%) Determines whether or not the selected company is holding too much cash, but determination is not based on an examination of the cash account on balance (70%) Does not determine whether or not the selected company is holding too much cash (0%) 22
Foreign Subsidiaries Meets “Proficient” criteria and demonstrates sophisticated understanding of foreign subsidiary accounts (100%) Identifies and discusses the accounts for the foreign subsidiaries of the selected company (90%) Identifies, but does not sufficiently discuss, the accounts for the foreign subsidiaries of the selected company (70%) Does not identify or discuss the accounts for the foreign subsidiaries of the selected company (0%) 22

Cash Repatriation

Meets “Proficient” criteria and demonstrates sophisticated understanding of international cash repatriation procedures (100%)

Identifies and discusses the procedures the selected company describes in its annual financial statements for cash repatriation (90%)

Identifies, but does not sufficiently discuss, the procedures the selected company describes in its annual financial statements for cash repatriation (70%)

Does not identify or discuss the procedures the selected company describes in its annual financial statements for cash repatriation (0%)

22

Tax Burden

Identifies the current year tax burden for the selected company in the United States (100%)

Does not identify the current year tax burden for the selected company in the United States (0%)

22

Articulation of Response

Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy to read format (100%)

Submission has no major errors related to citations, grammar, spelling, syntax, or organization (90%)

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas (70%)

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas (0%)