GLBL ST 1 Lecture Notes - Lecture 1: The Heritage Foundation, Tax Evasion, Shell Corporation
Document Summary
Globalization: the act or process of globalizing; development of increasingly integrated global economy marked by free trade, free flow of capital, and tapping of cheaper foreign labor markets. Apple operations international: basically a shell company created by apple based in ireland to run its entire international operation; created for financial reasons aka tax reasons. Investigation showed that it was all legal through a loophole. Formally accused apple of using apple operations international of avoiding taxes. Made investigations into irish government to see if apple broke any tax laws (if. Irish gov. gave any unfair advantages for apple so they would set up operations in ireland) ex. ) subsidies, land, etc. Apple provided a lot of employment opportunities for ireland. Was not found to be in the wrong. World economy is globalized on one hand but localized on another but they"re connected. The heritage foundation: a think tank based in washington d. c.
