Until recently, the foreign multinationals (MNCs) held a competitive advantage when sourcing talent in the Chinese market.
But rather than leave anything to chance, foreign multinationals in Asia have been busy advertising their loyalty.
Jordan Siegel of Harvard Business School reports that foreign multinationals are recruiting large numbers of educated Korean women.
As global growth shifts away from the U.S. and Europe, a new group of foreign multinationals is emerging.
Its biggest hammer is a policy that limits foreign multinationals to 50% ownership of any manufacturing operation in the country.
At the same time, Ghana and Kenya, among others, are competing with South Africa to host the African headquarters of foreign multinationals.
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The Chinese government wants more foreign multinationals to set up their regional corporate headquarters in its shining 21st Century super city Shanghai this year.
The fact is that economic activity is fuelling the growth of local private firms and SOEs simultaneously with foreign multinationals expanding their operations in China.
But the the higher tax rate in the U.S. also makes it costly for U.S. companies or even foreign multinationals like Toyota to be headquartered here.
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Foreign multinationals in South Korea have learned to exploit large local firms' prejudices by seeking to hire talented women who would otherwise struggle to find decent jobs.
The flow of Chinese investment overseas and investment in China by foreign multinationals will, if history is a guide, spur still more trade between China and others.
Since she came to power in 2006, the president, Ellen Johnson Sirleaf, has brought stability and rapid economic growth, but her country faces a dilemma on the involvement of foreign multinationals in the country.
Foreign multinationals from high-tax countries that open subsidiaries in the U.S. lower their effective tax rate by maybe 0.5 percentage points, with most of that reduction going to Japanese multinationals simply because they are taxed even more back in Tokyo, the study found.
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Multinational firms are a lot more productive than purely domestic ones, according to economists Rachel Griffith, Stephen Redding and Helen Simpson, in a working paper for the Institute for Fiscal Studies and there is some evidence that operations owned by foreign multinationals have higher labour productivity than those owned by British multinationals, partly because they invest more.
At the start of the year, New Delhi lawmakers said they would allow for multinationals and foreign investors in general, including private equity firms, to acquire multi-brand retail outlets.
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One strategy Towson describes is what many of us in the West have done de facto to taste the foreign fruit: buy multinationals with exposure to our target markets.
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This could happen if, for example, the rights of large multinationals and foreign governments were allowed to take precedence over the sorts of protections and rewards that have traditionally inspired American inventors.
The primary aim of the tax provisions is to prevent multinationals from abusing foreign tax credits.
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If China wants to continue selling its firms and attracting foreign capital to build successful multinationals, it will have to practise good corporate governance, not just pay lip service to it.
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Not long ago few countries were more paranoid about foreign investment, free trade and multinationals than India.
At issue are foreign subsidiaries that U.S. multinationals use to manage their overseas operations.
And, right on cue, two foreign-owned, high-tech multinationals have just announced plans for the region.
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Foreign subsidiaries of U.S. multinationals generally retain their excess cash because paying a dividend to the U.S. parent would result in significant U.S. tax costs.
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It would require multinationals to pay tax on foreign income as it is earned, ending the practice known as deferral where overseas income is not taxed until it is brought home.
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For their part, foreign banks are more likely to finance multinationals and try to build a customer base among wealthier urbanites in Myanmar, which is decades behind countries like Indonesia and Thailand in financial services.
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Interestingly, Foreign corps would not be subject to this law and could immediately arbitrage by purchasing US based multinationals for 40% less than the value if held by a foreign corp.
Yet what is good for Indian multinationals may not generate jobs or foreign exchange for India.
The exception provides a tax result for U.S. multinationals that their competitors based in foreign countries generally have long enjoyed under their residence-country tax regimes.
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And of course it is trebly true of the cut in the top rate of income tax, the accelerated reductions in corporation tax and the reform of taxation for multinationals based here (the controlled foreign company rules).
Analysts tend to ignore a crucial component of current-account flows: U.S. multinationals' selling their products from one foreign country to another.
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