International Marketing Master Assignment Example | Topics and Well Written Essays - 1500 words

International Marketing Master - Assignment Example Power mainly holds with Prime Minister. Hong Kong is a Special Administrative Region of People's Republic of China and it maintains a high degree of autonomy in all matters relating to government and politics except foreign and defense affairs. It is regarded as separate entity though maintained as dependency on certain issues on china. In South Korea the government structure is determined by constitution of republic of Korea. The country has always had a presidential system with a relatively independent chief executive. Law systems in these countries are distinctly different from each other. Japanese law and judicial system is influenced by civil law of Europe and has also the roots of Chinese whereas Hong Kong though now a part of China and have its own autonomy still follows the common law which was established under British colonial law. So if we consider our product of Play station it won't have a big effect if any problems crop up as these countries law system is quite streamlined enough to make its own impact towards the issues. In South Korea taxes are imposed on both national and local level. Taxes like property tax, license tax fall under local tax levels whereas custom duties tax and international tax come under national level. Taxes are imposed both on companies which are global or foreign and national companies. The difference however ranges from the slab rate which is offered to each of them. The following figure shows the corporate Income tax rate for general corporations Corporate Income Tax Rate for General Corporations Previous Revised Tax base Tax rate Tax base Tax rate 80 million 20% (24%) 100 million won or less 20% over 80 million won * Unlisted Large-scale Corp.:33% (39.6-41.25) * Non-Profit Corp.: 27% (32.4-33.5%) * Corp., other than the above: 30% (36-37.5%) over 100 million won 20 million won + 34% of an amount in excess of 100 million won Source: http://www.asiatradehub.com/s.korea/tax1.asp If we look at the Hong Kong economy and business prospects one thing we can gather information from it is that tax system followed. It can be said as most business friendly tax system in the world. The best part is that there are no values added taxes (VAT) or sales tax. Taxes are usually levied on profits, salaries and property. The tax rate when profit tax is considered is 17.5 % for corporations and 16% for other business environments. Similarly property taxes are 16% on the annual rent. If we consider Japan, we can say taxes form two categories. They are National Tax and Local Tax. Under these categories lots of subcategories are present which deal with every type of tax which is imposed in the country. Taxes on all issues like bathing tax, consumer goods tax, and gasoline tax are imposed. The consumption tax rate is 5%.Income tax is applied to foreigner which is way too complicated than we can