Uniform Code Of Principles And Rules To Manipulate International Businesses

The existence of businesses in the world led to the development of international business laws to regulate them. Such regulations have been structured to address the increasing complexities and performance of the organizations involved in international trade. Moreover, they drive the development of a uniform code of principles and rules to control business operations and transactions. International business laws have encountered various challenges that influence the implementation of guidelines in conducting transactional businesses. Furthermore, the international laws are essential in the establishment of international transactions between two or more countries. From such a consideration, it is important that every business involved in international transactions should comply with the

In this regard, accounting procedures pose challenging moments to foreign businesses in improving their liability to corporate taxes. In such a consideration, the business owner should be aware of the taxation treaties existing in a particular country to avoid double taxation. For instance, the European Union has a common consolidated corporate tax base that assists member countries in limiting tax liabilities. Furthermore, the costs and pricing of the commodities present a challenge in performing businesses abroad, where a business must consider the prices to remain competitive in the emerging markets. In such a move, the business owner must perform research on the target market to ensure that the business transactions will still gain profits or maintain its viability after engaging in shipment, distribution, labor, production, and marketing among other activities (Pryles 74). Meanwhile, international business laws must ensure that the price of goods and services in the marketplace are favorable to avoid exploitation of the customers or sustainability of the