The economies of Central and South America offer attractive business opportunities. However, these are accompanied by a set of risks, which businesses need to understand and manage effectively. In this paper we will discuss a business risk analysis of MBS Inc in the Venezuelan market.
Taxation and Double Taxation Risks.
The accounting standards adopted by The Republic of Venezuela coincide with International Accounting Standards (USDT, 2004). MBS Inc.'s own financial statements will have to adhere to International Accounting Standards to avoid double taxation.
…
