Political, Legal and Social Factors
Jacqueline Korley Unit 1-Harleen Grover
Task 8- p6
Deadline is on the 20th of November
Introduction
In this task, I am going to describe how political, legal and social factors are impacting upon activities in Barclays PLC, Diabetes UK and their stakeholders. POLITICAL, LEGAL AND SOCIAL FACTORS
PLS analysis is very useful for studying the environment in which a company operates and accessing external factors influencing the company in the markets it operates. PLS is the acronym for the following categories of investigation: political, legal and sociological factors. BARCLAYS PLC
Barclays is a global profit making service provider that offers retail and commercial banking, corporate and investment banking, credit cards, wealth and investment management to over 50 countries worldwide. POLITICAL FACTORS
Political stability is the most important attribute of a modern state and mainly depends on the rule of law, a high degree of autocracy or democracy and the amount of trade that the country engages in. The rule of law has an influence on the political stability because it is an indicator for how well the executive does its job.
One political factor that affects Barclays is tax and because it is a public limited company, its annual profits is subject to corporation tax but does not pay tax at the expected rate of 28%. It pays tax at 23% by its own admission. All its tax planning activity delivers some benefit. Tax regulation the company submits to is one more important political aspect. Barclays obeys regional tax framework in all the countries of its operation. But just 10% of Barclays worldwide corporate tax is paid in the UK. Besides, the company has to submit to double taxation in the cases where there are appropriate agreements between countries.
Task 8- p6
Deadline is on the 20th of November
Introduction
In this task, I am going to describe how political, legal and social factors are impacting upon activities in Barclays PLC, Diabetes UK and their stakeholders. POLITICAL, LEGAL AND SOCIAL FACTORS
PLS analysis is very useful for studying the environment in which a company operates and accessing external factors influencing the company in the markets it operates. PLS is the acronym for the following categories of investigation: political, legal and sociological factors. BARCLAYS PLC
Barclays is a global profit making service provider that offers retail and commercial banking, corporate and investment banking, credit cards, wealth and investment management to over 50 countries worldwide. POLITICAL FACTORS
Political stability is the most important attribute of a modern state and mainly depends on the rule of law, a high degree of autocracy or democracy and the amount of trade that the country engages in. The rule of law has an influence on the political stability because it is an indicator for how well the executive does its job.
One political factor that affects Barclays is tax and because it is a public limited company, its annual profits is subject to corporation tax but does not pay tax at the expected rate of 28%. It pays tax at 23% by its own admission. All its tax planning activity delivers some benefit. Tax regulation the company submits to is one more important political aspect. Barclays obeys regional tax framework in all the countries of its operation. But just 10% of Barclays worldwide corporate tax is paid in the UK. Besides, the company has to submit to double taxation in the cases where there are appropriate agreements between countries.