Competing in a global context
Tax rates
Transfer pricing
arms length principle
Unitarian tax
Supply chain management
exchange rates
Fluctuations benefit some countries but not others
Constant change in pricing
Globalisation
Economic and financial matters
Outsourcing
Quicker turnaround - happier stores and customers
Institutions
IMF
The World Bank
Both institutions are trying to make a difference as well as regulating
Tax & Economical matters link together
Convergence - stick to what you know and is your business model
Divergence - adapt to the culture of the country your operating within
more connected world (shrinking world)
Integrating cultures
Boosting developing countries economies
Can boost an countries economy if theres a drop in GBP
Offshoring profits
Tax dodging
Offshoring production to reduce costs
Cheaper costs in some cases