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Read the case study âHabitual Chocolate: Expansion Opportunitiesâ from the Harvard Business CoursePack. Prepare a business letter addressed to the owner’s partners. This letter should include an introduction (generally, what you have been asked to do or evaluate), analysis and findings (goals and ambitions, present state, and baseline assessment), your recommendations (what you believe they should do), and a conclusion (generally thanking them for the opportunity to provide them guidance on the subject). Address the following questions regarding Habitual Chocolate’s operations in your letter: What are the pros of the business? What are the cons of the business? What implications can be drawn from this analysis? Address the following questions regarding the industry in your letter: Do the industry conditions have an impact on the owner’s decision? What are the advantages of selling the product in Southwestern Ontario? What are the disadvantages of selling the product in Southwestern Ontario? Prepare financial statements (income statements and balance sheets) for the next three years. First, create a baseline pro forma projection (Scenario I), assuming the business continues in the current location; Second, create Scenario II, assuming the company expands into Woodstock for its manufacturing operations (the Woodstock option). Use the financial data provided in the case for constructing both scenarios. If you need to make assumptions to complete the income and balance sheet accounts, annotate the assumptions you make. These annotations can be the right of your financial statements or notes following the financial statements. Finally, address what Habitual should do next (make recommendations on staying where they are or expanding to Woodstock), paying particular consideration to their ambitions, goals and concerns that the Western Fair Farmersâ Market may prohibit manufacturing (of chocolate) within the next five to ten years.
Sample Solution
sive practices to occur. 4.1.1 Vulnerability 1: Cross-border supply of goods and services: creating an environment for abuse in VAT Due to harmonisation of the VAT system in the EU, there has been a significant increase in cross-border trade. The harmonisation included the creation of cross-border trade which would ensure a significant level of trade in goods and services, thereby lessening the possibility of VAT fraud and abuse of law. The Commission has constantly highlighted the vulnerability of the VAT system and due to the complexity of the 28 jurisdictions engaged in cross-border trade, the EU legislator is faced with a constant challenge of preventing VAT as an environment for abuse or VAT fraud. 4.1.2 Vulnerability 2: 4.2 The fundamental distinction between abuse of law and abuse of rights In the context of taxation, the CJEU has defined âabuseâ as a form of tax minimisation, which through misuse of legal forms achieves a result which is not in compliance with system principles. This means that though tax abuse and tax avoidance are related, they do not coincide. At this juncture, it is important to note that both abuse of rights and abuse of law are not necessarily the same. Generally speaking, abuse of law indicates abuse in Union law, whereas abuse of rights indicates abuse of Union law. The former may be defined as a situation where a person relies on a European legal right to circumvent or displace national law, while taking advantage of a right in European law, but in a manner running contrary to its spirit constitutes the latter. In 2006, the CJEU extended the abuse of law principle in the Halifax to apply to the field of VAT. The abstract distinction between both abuse of law and abuse of rights is based on a dictum from Centros, where it was provided that abuse of law involves avoiding national provisions through claiming fundamental freedoms, whereas abuse of rights involves abusing rights directly provided by EU law. According to this dictum, a Member State: âis entitled to take measures to prevent certain of its nationals from attempting, under cover of the rights created by the Treaty, improperly to circumvent their national legislation or to prevent individuals from improperly or fraudulently taking advantage of provisions of Community lawâ. Thus, abuse of law is illegitimate from the instrument point of vie>
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sive practices to occur. 4.1.1 Vulnerability 1: Cross-border supply of goods and services: creating an environment for abuse in VAT Due to harmonisation of the VAT system in the EU, there has been a significant increase in cross-border trade. The harmonisation included the creation of cross-border trade which would ensure a significant level of trade in goods and services, thereby lessening the possibility of VAT fraud and abuse of law. The Commission has constantly highlighted the vulnerability of the VAT system and due to the complexity of the 28 jurisdictions engaged in cross-border trade, the EU legislator is faced with a constant challenge of preventing VAT as an environment for abuse or VAT fraud. 4.1.2 Vulnerability 2: 4.2 The fundamental distinction between abuse of law and abuse of rights In the context of taxation, the CJEU has defined âabuseâ as a form of tax minimisation, which through misuse of legal forms achieves a result which is not in compliance with system principles. This means that though tax abuse and tax avoidance are related, they do not coincide. At this juncture, it is important to note that both abuse of rights and abuse of law are not necessarily the same. Generally speaking, abuse of law indicates abuse in Union law, whereas abuse of rights indicates abuse of Union law. The former may be defined as a situation where a person relies on a European legal right to circumvent or displace national law, while taking advantage of a right in European law, but in a manner running contrary to its spirit constitutes the latter. In 2006, the CJEU extended the abuse of law principle in the Halifax to apply to the field of VAT. The abstract distinction between both abuse of law and abuse of rights is based on a dictum from Centros, where it was provided that abuse of law involves avoiding national provisions through claiming fundamental freedoms, whereas abuse of rights involves abusing rights directly provided by EU law. According to this dictum, a Member State: âis entitled to take measures to prevent certain of its nationals from attempting, under cover of the rights created by the Treaty, improperly to circumvent their national legislation or to prevent individuals from improperly or fraudulently taking advantage of provisions of Community lawâ. Thus, abuse of law is illegitimate from the instrument point of vie>
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