International Marketing

Power mainly holds with Prime Minister. Hong Kong is a Special Administrative Region of the People’s Republic of China and it maintains a high degree of autonomy in all matters relating to government and politics except foreign and defence affairs. It is regarded as a separate entity though maintained as dependency on certain issues on China. In South Korea, the government structure is determined by the constitution of the republic of Korea. The country has always had a presidential system with a relatively independent chief executive.
Law systems in these countries are distinctly different from each other. Japanese law and judicial system is influenced by the civil law of Europe and has also the roots of Chinese whereas Hong Kong though now a part of China and have its own autonomy still follows the common law which was established under British colonial law. So if we consider our product of Play station it won’t have a big effect if any problems crop up as these countries law system is quite streamlined enough to make its own impact towards the issues.
In the South, Korea taxes are imposed on both the national and local level. Taxes like property tax, license tax fall under local tax levels whereas custom duties tax and international tax come under national level. Taxes are imposed both on companies which are global or foreign and national companies. The difference, however, ranges from the slab rate which is offered to each of them. The following figure shows the corporate Income tax rate for general corporations.&nbsp.
If we look at the Hong Kong economy and business prospects one thing we can gather information from it is that the tax system followed. It can be said as most business-friendly tax system in the world. The best part is that there are no values added taxes (VAT) or sales tax. Taxes are usually levied on profits, salaries and property. The tax rate when profit tax is considered is 17.5 % for corporations and 16% for other business environments. Similarly, property taxes are 16% on the annual rent.
If we consider Japan, we can say taxes form two categories. They are National Tax and Local Tax. Under these categories, lots of subcategories are present which deal with every type of tax which is imposed in the country. Taxes on all issues like bathing tax, consumer goods tax, and gasoline tax are imposed. The consumption tax rate is 5%.&nbsp.Income tax is applied to foreigner which is way too complicated than we can imagine. One additional point to note is that in Japan there is something called a resident tax. They are called Shinminzei.&nbsp.&nbsp.