This assignment requires you carry out and analyze a real-world negotiation, which encourages you to think about the many everyday situations in which you can negotiate, and challenges you to improve your negotiating skills. For this negotiation you should negotiate something of personal value to you. You should report on your plan, your strategy, and the negotiation results. You can negotiate for anything you would like—a good or service from a merchant, a salary from a potential employer, etc. This paper should be approximately 5 double-spaced pages. At the end, please review the most important lessons that you learned in this course (including insights from the readings), your key strengths as a negotiator, and how you hope to improve moving forward. The rules are as follows:Do not reveal the assignment: You are not allowed to resort to a plea of “Please help me out, this is for a class....” You may not disclose this information until the negotiation is completed.No purchase necessary: You do not have to buy anything to complete this assignment. You may choose to be the seller or enter a negotiation that does not involve financial terms or a purchase.Boundaries: You cannot use negotiation tactics that may be considered unethical, illegal, or potentially harmful to yourself or others.Not required to settle: You do not need to succeed in the negotiation in order to complete the assignment. The purpose of this exercise is to facilitate your learning. Often, we learn as much or more from negotiations that fail as from those that succeed. However, if you do fail, please seek feedback from your counterpart on how you could have negotiated more effectively, and write about what you learned from the feedback.The paper should be no more than 5 pages in length (double spaced, 12 point Times New Roman font, 1” margins). The final reflection paper is graded upon:Depth of analysis: Have you correctly employed key concepts to analyze the negotiation? How well have you applied your learning from the course to your analysis of this case?Introspection: Have you linked your experiences with your goals for the course and your strengths and weaknesses? What have you learned about your negotiating style and skills from this negotiation experience? What would you do differently in the future?Creativity: How unique was the context? How inventive was your strategy? How did you meet expected and unexpected challenges?Quality of writing: Have you included the relevant details? Is it interesting and well written?Grading rubric attached

Options #1: Case Study: Transocean and the History of Tax Inversions Read the attached case study (Links to an external site.) and then answer the following requirements: Tax inversions have occurred infrequently over the past 30 years. Describe a tax inversion and the factors that impact a company’s decision to complete a tax inversion. The earliest inversions were usually in tax haven countries. The companies subsequently relocated their headquarters to Europe. Why did these companies decide to move headquarters to European countries? Most recent inversions either meet a substantial activity test or are accomplished through mergers. What companies are the most likely targets for these types of inversions? A primary benefit of an inversion is avoiding U.S. tax on foreign-source income. How do multinational companies also use inversions to reduce U.S. tax on U.S.-source income? Using the information in Table 2, calculate Transocean’s effective tax rate for each of the four years (1998, 2000, 2009, 2015). Estimate the dollar amount of the annual reduction in taxes for the initial move to the Grand Cayman Islands. The Congressional Budget Office (2017) (Links to an external site.) reports that 60 inversion transactions have occurred. The CBO estimates that the average annual reduction in U.S. tax expense for these companies is $65 million. What is the amount of total annual revenue loss to the U.S. government? What is the amount of total annual revenue loss to the U.S. government as a percentage of total corporate taxes (search for the total corporate taxes in the CBO report or other online source)? The U.S. recently reduced the top statutory corporate tax rate from 35 percent to 21 percent. In addition, the U.S. changed from a global to a territorial tax system for multinational corporations. Evaluate the likely effects of these tax law changes on inversion activities. Should companies be allowed to enter into inversions? Consider the perspective of shareholders and the U.S. Treasury in developing your response. Do you believe the changes in U.S. tax law to lower corporate taxes will eliminate inversion activity permanently? Reference: Albring, S. M., Elder, R. J., Franklin, M. A. (2019). Transocean and the history of tax inversions. Issues in Accounting Education, 34(1), 1-12.  Congressional Budget Office. (2017). An analysis of corporate inversions. https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53093-inversions.pdf  (Links to an external site.)