To dr. clover (last response needed for unit 2 week 2)
In reexamining the course IP assignments of Units 1 thru 4, I don’t seem to have any questions just yet. I have elected to benefit from the learning resources which organizing the lesson objectives making for easier interpretation and retention of relevant information. I trust that completion of IP assignments, indulging in the course learning resources, and discussion board participation will all effect a much desirable Unit 5 outcome.
For the most part, I have elected to follow a simplified approach to preparing and composing a comprehensive project that speaks to the quality of my research. Information shall be sourced from various avenues including Intellipath study, lessons delivered in MUSE format, chapter reading assignments from class text, and independent research that derived from peer-review articles, finance books, and the Internet. Combining information this way helps me to get and remain focused and manageable throughout the research and writing phases. This approach further allows me to connect the overarching of information from Units 1-4 into a solid perspective to write about in the Unit 5 Comp Project.
Most notably, between domestic banks and international banks can be realized from two perspectives – location and the types of services offered (Editorial Board, 2015, 48-49). Regarding locations of operations, domestic banks operate only within their nation of origin, while international banks may conduct much of their large financial transactions in nations other than that which they consider their home. They may interact within in the financial market domestically and globally.
US companies will invest and conduct their international finance activities through international banks for several reasons respectively. Primarily, US companies invest in offshore banking to 1) increase visibility within the global market, and 2) support the international banking needs of their travelling or expat customers. Ultimately, businesses were always looking for ways to save money. The laws and regulations of many foreign countries may often provide a “haven” of services that insure the integrity of client’s money by designing services with the sole purpose of shielding those accounts & assets. These international banks protect the company accounts from any legal interference, including seizure of said assets due to being accused, investigated, and prosecuted by domestic government. When US companies are judged in a domestic court of law and found to be guilty by a jury of their peers for using the international banking system to launder or to clean or just hide the money in effort to avoid paying taxes on their earnings abroad. This practice is most often referred to in the US as tax evasion and is illegal in the US.
** (2015) Editorial Board. Global Financial Management. Words of Wisdom, LLC – Schaumburg, IL
*** John Barrymore