Lawyer
posted a year ago
Unification of Several Countries Laws
To promote international business there should be a uniforml Laws should be made irrespective to the Jurisdiction and Varying Policies of two transacting countries in Trade and Commerce. It enables the increase of Exports and imports between two or more countries in a Trading Block with similar Laws.Mercantile Laws, Commercial Laws, Corporate Laws,Tax Laws (Income Tax Laws,Excise and Customs Laws).The Antidumping Duty Caps and limits the Excess imports to protect the Domestic Companies.
Country
  • India
  • Australia
  • United States
  • United Kingdom
  • Canada
Fields:
  • Commercial and Business Law
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Lawyer
posted a year ago
Dear fellow collegue,Thank you very much. Improvement of knowledge is always invitable. Kindly express your valuable openion. With kind regards, S.Venkateswar Patnaik, B.Com(Hons-Accounts),LLB,CS(Prof Prog),P.G.Dip.Pers.Mgmt., High Court Advocate-Hyderabad, India Mobile Number 🇮🇳91-8480613309 Email: [email protected]
Lawyer
posted a year ago
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Lawyer
posted a year ago
You are right to an extent that some general governing laws must be made for businesses of different countries to trade, however, when it concerns Tax laws, or Excise or Customs Laws, it has to be country specific. This is because different countries has different taxing systems. Also Countries have different priorities of exporting and importing goods and services. For example, for one country it may be beneficial to import an X product so it may make rules to make such goods import tax free which may not be beneficial for another country so it may make rules to levy taxes on such products. Same applies for exporting. So, it is difficult and also not advisable for Governments of different countries to come up on an agreement on this.