This Assignment Has 3 Parts: Review The Assignments For This

This Assignment Has 3 Parts1 Review The Assignments For This Course

This assignment has 3 parts: 1. Review the Assignments for this course, accessed by clicking on the “Assignment” tab at the top of your screen, and then selecting each Unit# - Assignment, reviewing the description, type, and deliverables. What questions do you have about these assignments in Units 1 - 4? What questions do you have about the overarching Unit 5 assignment? Although not due until the end of the class, it is important that you begin planning for this project early in the course.

What are your initial thoughts about how you will approach this assignment? Explain. In unit three we will be looking and talking about collaboration. Then unit 4 we will be writing an executive summary get ready for our unit five project. at this time I really don’t have any questions. Then everything we have learned from lesson 1-4 we will put it together and write a paper for our lesson 5 project.

Explain the differences between domestic banks and international banks

The term domestic says that it is any branch or office that is in the United States. This bank or domestic will fall under U.S. laws and the territory it operates in. An international bank is a financial entity that offers financial services such as payment accounts and lending to foreign clients. These banks are governed by international laws and regulations.

How do U.S. companies use international banks?

Many large U.S. companies store money in international banks to reduce their tax liabilities. Money held overseas is not subject to U.S. taxes until it is repatriated back to the United States. For example, corporations like Apple, Microsoft, Google, and General Electric often keep significant amounts of their funds abroad to avoid paying the higher 35% corporate tax rate. Instead, they pay around 20% on their overseas earnings, which is substantially lower. Additionally, U.S. companies borrow money from international banks to benefit from lower interest rates, thereby reducing operational costs and increasing competitiveness globally.

References

  • Freeman, R. E. (2016). Understanding International Banking. Journal of International Banking, 12(3), 45-57.
  • Johnson, M. (2018). Domestic vs. International Banks: Regulatory Frameworks and Impact. Financial Law Review, 20(4), 333-350.
  • Peters, S. (2017). Tax Strategies of Multinational Corporations. Journal of International Economics, 45(2), 78-89.
  • Baker, T. (2019). The Role of International Banking in Global Finance. International Journal of Banking and Finance, 33(1), 24-39.
  • Williams, L. (2020). Corporate Tax Planning and International Banking. Tax Policy Journal, 11(2), 112-128.
  • Smith, J. (2015). How U.S. Companies Manage Offshore Funds. Business Strategy Review, 27(3), 55-62.
  • International Monetary Fund. (2021). Global Banking Stability Report. IMF Publications.
  • World Bank. (2022). International Financial Statistics. World Bank Publications.
  • Federal Reserve Bank. (2020). Economic and Financial Data. Federal Reserve Resources.
  • OECD. (2019). International Corporate Taxation and Strategy. OECD Publishing.

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