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Carolyne · 2024年04月14日

current method

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NO.PZ202304050100008502

问题如下:

(2) Eriksson mentions that Trana is undertaking a comprehensive review of its operations in 2016, and its objectives include reducing overall tax costs by lowering its effective tax rate and reducing foreign exchange gains and losses reported on the income statement.

Which of the following strategies would be most likely to help Trana achieve at least one of the objectives mentioned by Eriksson for 2016?

选项:

A.

Raise the price at which Anart sells its goods to other group members

B.

Increase the number of stores in the US region

C.

Initiate a hedge on the net asset position of the eurozone subsidiary

解释:

A is correct. Anart operates in a South American country with the lowest tax rate of the group—10% versus 25% in the United States, 30% in the eurozone, and 22% (or 16.5%) in Sweden. If more of the corporate profits are earned by Anart, the effective tax rate will decrease.

Anart currently earns a return of 204/4,485 = 4.5%, whereas the overall corporate profit rate is 10.3% (3,096/30,200).

Any income taxed in South America would be eligible for a tax credit in Sweden, and Trana would be liable for the tax difference between the local 10% rate and the rate in Sweden (22% or 16.5%).

To the extent that taxable income can be diverted from the US or eurozone operations (where the rates are higher than Sweden’s), it would result in an overall tax saving for Trana.

By increasing the price at which Anart sells goods to the US and eurozone subsidiaries, it would increase the taxable income earned in South America and reduce the taxable income (through higher cost of goods sold) in the United States and the eurozone. Because of the tax treaty with Sweden, there would be no net tax savings on the goods sold to US and eurozone stores by Anart if the prices change.

Because both retail subsidiaries are translated using the current rate method, all foreign exchange gains/losses are reported in other comprehensive income not on the income statement. Therefore, the effects of hedging the exposure in the Eurozone subsidiary would also be reported in other comprehensive income and not affect the income statement. Increasing the number of stores in the US would increase the amount of income in the highest tax jurisdiction and hence increase taxes, not lower them.

B is incorrect. Increasing the number of stores in the US region will not affect the tax rate, but would increase taxable income because the tax rate there is greater than in Sweden and would not affect foreign exchange gains and losses on the income statement because it is self-sustaining, and the gains and losses go to other comprehensive income.

C is incorrect. The eurozone subsidiary is also self-sustaining, and any effect of hedging its net asset position would go to other comprehensive income, not net income. The eurozone’s taxes are higher than in Sweden, so there would be no lowering of taxes either.

请问为什么子公司都用Curren method?怎么判断的呢

1 个答案

王园圆_品职助教 · 2024年04月15日

同学你好,助教跟教研组确认了,这个题目题干中没有提到或者有迹象表明子公司用的是current rate method,所以这应该是题目出的不严谨,这是模考题,本身质量会比较差,正式考试中题目不会这么不严谨的

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NO.PZ202304050100008502 问题如下 (2) Eriksson mentions thTrana is unrtaking a comprehensive review of its operations in 2016, anits objectives inclu recing overall tcosts lowering its effective trate anrecing foreign exchange gains anlosses reporteon the income statement.Whiof the following strategies woulmost likely to help Trana achieve least one of the objectives mentioneEriksson for 2016? A.Raise the priwhiAnart sells its goo to other group members B.Increase the number of stores in the US region C.Initiate a hee on the net asset position of the eurozone subsiary A is correct. Anart operates in a South Americcountry with the lowest trate of the group—10% versus 25% in the UniteStates, 30% in the eurozone, an22% (or 16.5%) in Swen. If more of the corporate profits are earneAnart, the effective trate will crease.Anart currently earns a return of 204/4,485 = 4.5%, wherethe overall corporate profit rate is 10.3% (3,096/30,200).Any income taxein South Ameriwouleligible for a tcret in Swen, anTrana woulliable for the tfferenbetween the loc10% rate anthe rate in Swen (22% or 16.5%).To the extent thtaxable income cvertefrom the US or eurozone operations (where the rates are higher thSwen’s), it woulresult in overall tsaving for Trana.increasing the priwhiAnart sells goo to the US aneurozone subsiaries, it woulincrease the taxable income earnein South Amerianrethe taxable income (through higher cost of goo sol in the UniteStates anthe eurozone. Because of the ttreaty with Swen, there woulno net tsavings on the goo solto US aneurozone stores Anart if the prices change.Because both retail subsiaries are translateusing the current rate metho all foreign exchange gains/losses are reportein other comprehensive income not on the income statement. Therefore, the effects of heing the exposure in the Eurozone subsiary woulalso reportein other comprehensive income annot affethe income statement. Increasing the number of stores in the US woulincrease the amount of income in the highest tjurisction anhenincrease taxes, not lower them.B is incorrect. Increasing the number of stores in the US region will not affethe trate, but woulincrease taxable income because the trate there is greater thin Swen anwoulnot affeforeign exchange gains anlosses on the income statement because it is self-sustaining, anthe gains anlosses go to other comprehensive income.C is incorrect. The eurozone subsiary is also self-sustaining, anany effeof heing its net asset position woulgo to other comprehensive income, not net income. The eurozone’s taxes are higher thin Swen, so there woulno lowering of taxes either. 不是低税地区的收入进入swen要补交税吗,怎么减少的effective trate?

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