- 10 Marks
AT – May 2021 – L3 – Q5a – Tax planning
Write a report on tax planning maxims for Baby Heights Ltd's Board of Directors.
Question
You are a final level student of ICAG engaged by Baby Heights Ltd, a manufacturing company. The company is having issues with the Ghana Revenue Authority on tax evasion and avoidance. Your first assignment is to meet the Board of Directors to brief them on various issues governing tax planning and how to take advantage of the provisions in the taxation laws to avoid the payment of certain taxes and possibly defer certain tax liabilities.
Required:
Write a brief report in relation to the case above, explaining to the Board of Directors about tax planning maxims or variables with appropriate examples.
Find Related Questions by Tags, levels, etc.
- Tags: Character, Corporate Tax, Entity, Jurisdiction, Tax Maximization, Tax Planning, Time
- Level: Level 3
- Topic: Tax planning
- Series: MAY 2021
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