New York City is where innovative ideas come to life. This exciting annual competition -- now in its third year -- invites students from international universities to develop business plans that will be executed in New York City.
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Internally focused business plans target intermediate goals required to reach the external goals. They may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or a restructuring of the organization. Thanks for sharing.
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In some tax systems, this can give rise to so-called double taxation, because first the corporation pays tax on the profit, and then when the corporation distributes its profits to its owners, individuals have to include dividends in their income when they complete their personal tax returns, at which point a second layer of income tax is imposed. Thanks for sharing.
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