Future Construction Industry Trends - Page 42

International business - Focuses on trade between different countries and includes various areas of global business such as law, marketing, business, investments, financial analysis, strategic planning and resource management. Today’s world is rapidly transforming into a global village, and economic boundaries are being replaced with trade agreements such as NAFTA and GATT in order to boost the influence and outreach of businesses across the world, however, they may adversely affect the sovereignty of countries and the stability of their local markets and industries. The convenience of transportation and communication has also led companies to create branches and supply chains based in many different countries. International business has truly transformed the global economy and is responsible for creating thousands of jobs in the United States and strengthening the national economy. Source: businessdirectory.com International taxation - The study or determination of tax on a person or business subject to the tax laws of different countries or the international aspects of an individual country's tax laws. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extraterritorial income. The manner of limitation generally takes the form of a territorial, residency, or exclusionary system. Some governments have attempted to mitigate the differing limitations of each of these three broad systems by enacting a hybrid system with characteristics of two or more. Many governments tax individuals and/or enterprises on income. Such systems of taxation vary widely, and there are no broad general rules. These variations create the potential for double taxation (where the same income is taxed by different countries) and no taxation (where income is not taxed by any country). Income tax systems may impose tax on local income only or on worldwide income. Generally, where worldwide income is taxed, reductions of tax or foreign credits are provided for taxes paid to other jurisdictions. Limits are almost universally imposed on such credits. Multinational corporations usually employ international tax specialists, a specialty among both lawyers and accountants, to decrease their worldwide tax liabilities. Source: Wikipedia Internships - An opportunity offered by an employer to potential employees, called "interns", to work at a firm for a fixed, limited period of time. Interns are usually undergraduates or students, and most internships last for any length of time between one week and 12 months. Source: Wikijobs Interpersonal skills - Interpersonal skills refer to the process by which people exchange information and feelings through verbal and nonverbal communication. Interpersonal skills entail elements that focus on the channel of communication and the level of feedback. Good interpersonal skills facilitate good communication. Source: Wikipedia LEAN