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 …showed first 75 words of 2178 total…

…showed last 75 words of 2178 total…www.jou.ufl.edu USDT (Unites States Department of the Treasury), (2004). Convention between the United States and the Republic of Venezuela for the avoidance of double taxation and the prevention of fiscal invasion with respect to taxes and capital income. Retrieved September 18, 2004 from The Unites States Department of the Treasury's website at: http://www.ustreas.gov Wagner, A., (2003). Common Foreign Policies, Economic policies, Retrieved September 18, 2004 from The ANDEAN Community's website at: http://www.comunidadandina.org