In the news recently, there has been a great deal of talk about the subject of the valuation of the renminbi (yuan). What is all the fuss about and how does it impact the US and Chinese trade? Include a referenced article(s) used to formulate your response.
Read the Li & Fung Chapter 16 on pages 562-564 of the Print edition of your text . What role does Li & Fung play for their customers? They manufacture nothing yet they are currently responsible for over $8 billion in garments and consumer goods (toys, footwear & much more). Note: a visit to their website might be insightful. What do you find most interesting about their role in a “flat” world? Give examples – there are many current articles about this company in the library.
What actions can a firm take to minimize its global tax liability? On ethical grounds, can such actions be justified?
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