Global Industries And Companies Flashcards
1
Q
Subsidary
A
A company set up to be subordinate to another
2
Q
Tax avoidance
A
Legal but immoral way of minimizing the taxes owed by a company to society
3
Q
Tax havens
A
Countries or districts where taxes are close to 0
4
Q
Transfer pricing
A
A way multinationals can minimize their worldwide tax liabilities by transferring their profits from high tax to low tax countries
5
Q
Greenwash
A
A business that dresses itself up to pretend to be environmentally conscious
6
Q
Footloose
A
A company that has no commitment to the country it’s operating in
7
Q
Skills transfer
A
Technology and management practices used by mncs that can generate spin off benefits locally
