GMS 724 Study Guide - Midterm Guide: Internal Revenue Service, Totalitarianism
11 Nov 2018
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Chapter 2 - legal issues in international business - part 2. In contrast, angola, belarus and paraguay restrict firing employees and impose generous severance payments. India"s national government imposes 55 labour laws while its states add another 150 or so that regulate hiring and firing. Its industrial disputes act, for example, requires any company employing. 100 or more workers to get the state"s permission, even if its company has hit hard times, before firing anyone. Getting out or going under: closing a business involved more than padlocking the doors. In the united states of america, the internal revenue service requires reporting the sale of assets, payments to subordinates, and termination of retirement plans. In the west, the bankruptcy process is anchored in the english bankruptcy law of 1732, the first modern law to address this issue, and its revision by the united states of america in 1800.
