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 ?
Handbook on small nations in the global economy; the contribution of multinational enterprises to national economic success.
Ultimate Software was also named a "Leader" and the top-rated vendor for strategy in the multinational enterprise evaluation.
On May 26, 1995, Tax Executives Institute filed the following comments with the Organisation for Economic Cooperation and Development (OECD) on Part II of the OECD's draft Transfer Pricing' Guidelines for Multinational Enterprises and Tax Administrations.
This letter responds to the request for comment on the discussion draft entitled, OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, Part I: Principles and Methods (hereinafter referred to as the "Draft Guidelines"), which was released earlier this year, by the Committee on Fiscal Affairs of the Organisation for Economic Co-operation and Development.
midmarket, Lawson also was cited as a Strong Performer for multinational enterprises.
The subject of this contract is Purchase of 71 the number of licenses for electronic version of the Bulgarian translation of the OECD guidelines on transfer pricing for multinational enterprises and tax administrations, edition of OECD in 2010 and 71 the number of licenses for electronic version of Bulgarian translation of the Model Tax Convention on income and capital (short version), published by the OECD in 2010, for the NRA.
However, the HQs set up by multinational enterprises will be taxed flatly at 15% without other preferential rates.
AaAa OECD's declaration on International Investment and Multinational Enterprises aims at improving the investment climate, encouraging the positive contribution of multinational enterprises can make to economic and social progress and resolving difficulties which may arise from their operations.
EU consolidated accounts will likely be a subset of consolidated accounts for many multinational enterprises.
Sentencing Guidelines, the FCPA, and the OECD Guidelines for Multinational Enterprises are but a few of the many laws and standards that have been internationally promulgated over the years.
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.

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