multinational corporation

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multinational corporation,

business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. and proliferated after World War II. Typically, a multinational corporation develops new products in its native country and manufactures them abroad, often in Third World nations, thus gaining trade advantages and economies of labor and materials. Almost all the largest multinational firms are American, Japanese, or West European. Such corporations have had worldwide influence—over other business entities and even over governments, many of which have imposed controls on them. During the last two decades of the 20th cent. many smaller corporations also became multinational, some of them in developing nations. Proponents of such enterprises maintain that they create employment, create wealth, and improve technology in countries that are in dire need of such development. Critics, however, point to their inordinate political influence, their exploitation of developing nations, and the loss of jobs that results in the corporations' home countries.

multinational company

or

multinational corporation

a company which operates from a home base in one country with subsidiaries in others. The term transnational company has increasingly been preferred to describe large international corporations since they may not have an easily identifiable home base. World economy and trade is increasingly dominated by such companies which many authors see as outside the control of national governments. This raises issues of the control which such governments have over their own economies. Whilst the role of multinational companies has been decisive for the fate of THIRD WORLD economies and is central to the concept of IMPERIALISM and NEOIMPERIALISM, the largest companies have the majority of their investments in industrial countries. Investment in the Third World may not be the most important area for multinational companies, but they derive high profits from such investments and the effect on small Third World countries can be very significant. See also DEPENDENT INDUSTRIALIZATION, DEPENDENCY THEORY, UNEQUAL EXCHANGE.
References in periodicals archive ?
As most of us know by now, the centerpiece of the OECD's BEPS guidance is country-by-country (CbC) reporting, which requires multinational enterprises to report annually for each tax jurisdiction in which they do business.
She has been a long-time student of the history of multinational enterprise, is the author of a two-volume history of American business abroad, The Emergence of Multinational Enterprise (1970) and The Maturing of Multinational Enterprise (1974), and is now preparing a history of foreign investment in the United States.
Their working definition of multinational enterprise is a firm that owns outputs of goods or services originating in more than one country.
In the multinational enterprise evaluation, Ultimate Software was cited as a "Leader" and received the top score in strategy.
This letter responds to your March 9, 1995, request for comments on the discussion draft entitled, OECD Draft Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, Part II: Applications (hereinafter referred to as the "Draft Guidelines" , which was released by the Committee on Fiscal Affairs of the Organisation for Economic Co-operation and Development.
Given the growth in global trading by multinational enterprises and the increased globalization of national economies, the need for greater uniformity in transfer pricing rules and interpretations is manifest.
At first economists did not consider multinational enterprises as a distinctive phenomenon.
28, 2009 (CENS) -- The Taiwan Cabinet and the Legislature recently agreed on the draft of the new statute for industrial innovation, to levy a flat rate of 15% in business income tax the headquarters set up by multinational enterprises in Taiwan.
Summary: Marrakech - Morocco signed, here on Monday, the declaration of the Organization for Economic cooperation and development (OECD) on International Investment and Multinational Enterprises.
In 1976, the Organization for Economic Cooperation and Development (OECD), a body comprised of 33 industrialized countries, agreed to adhere to a set of recommendations known as the "Guidelines for Multinational Enterprises.
The Organization for Economic Cooperation and Development released two updates to its 1995 transfer pricing guidance, Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations.
com/research/d14640/annual_report_on_t) has announced the addition of the "Annual Report on the OECD Guidelines for Multinational Enterprises 2010: Corporate responsibility: Reinforcing a unique instrument" report to their offering.

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