Anti-avoidance measures – NBC Institute

AT – April 2022 – L3 – Q2a – Anti-avoidance measures

Discuss four factors the Commissioner-General will consider in comparability analysis for transfer pricing arrangements.

Question

In response to some taxpayers’ behaviour, transfer pricing regulation has been passed to ensure that all arrangements are conducted at arm’s length. The Commissioner-General in his dealings with taxpayers must ensure that market price drives business transactions. The Commissioner-General reserves the right to allege abuse of transfer pricing if certain factors point to the fact that there is an arrangement not in accord with the dictate of market forces.

Required:
Explain FOUR (4) factors the Commissioner-General will rely on in his comparability analysis in Transfer Pricing arrangements.

Answer

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Tags: Arm's Length Principle, Comparability Analysis, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: APR 2022

AT – May 2021 – L3 – Q3b – Anti-avoidance measures

Explain how contractual terms protect revenue in transfer pricing arrangements.

Question

Contractual terms between two persons, both dependent and independent, must be examined regarding goods, property, and services. The associate’s transactions must be scrutinised to ensure that revenue is not lost relative to non-associate.

Required:
How do contractual terms protect revenue in transfer pricing arrangements?

Answer

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Tags: Contractual Terms, Tax Revenue Protection, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: MAY 2021

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

Question

As part of measures to fight back base erosion and profit shifting, Parliament of Ghana has legislated against profit splitting.

Required:
Evaluate the impact of income splitting as an anti-tax avoidance measure.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Tax Avoidance, Income Splitting, Profit Shifting
Level: Level 3

Topic: Anti-avoidance measures
Series: MAY 2021

AT – Mar 2024 – L3 – Q3c – Anti-avoidance measures

Explaining the difference between tax avoidance and tax evasion, examples of both, and limitations to tax planning.

Question

According to the Organisation for Economic Co-operation and Development (OECD), tax avoidance and tax evasion are terms which are difficult to define but are generally used to describe the arrangement of a taxpayer’s affairs intended to reduce their tax liability.

Required:

i) Explain the differences between tax avoidance and tax evasion.
(3 marks)

ii) Enumerate THREE (3) examples of tax avoidance activities firms and individuals are likely to engage in.
(3 marks)

iii) Identify FOUR (4) examples of activities that are likely to be classified as tax evasion and not tax avoidance.
(2 marks)

iv) Explain TWO (2) limitations to effective tax planning.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Illegality, Legal, Tax avoidance, Tax Compliance, Tax Evasion, Tax liabilities
Level: Level 3

Topic: Anti-avoidance measures
Series: MAR 2024

AT – July 2023 – L3 – Q2b – Anti-avoidance measures

Discussing the key factors the Commissioner-General considers when evaluating price manipulation among connected persons.

Question

The Commissioner-General would review certain essential factors in an attempt to consider price differentials for possible adjustment in price to protect revenue when there is clear evidence to suggest price manipulation between and among connected persons.

Required:
Discuss FOUR (4) considerations the Commissioner-General may place reliance on as part of measures to be convinced that there is no price manipulation.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Connected persons, Price manipulation, Revenue protection, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: JULY 2023

AT – Nov 2015 – L3 – Q3b – Anti-avoidance measures

Explaining the difference between tax evasion and tax avoidance with examples.

Question

Distinguish between Tax Evasion and Tax Avoidance and give one example of each.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Tax avoidance, Tax Compliance, Tax Evasion, Tax fraud
Level: Level 3

Topic: Anti-avoidance measures
Series: NOV 2015

AT – Nov 2017 – L3 – Q1d – Tax planning, Anti-avoidance measures

Explaining tax evasion and identifying ways companies evade taxes.

Question

The Presidential Commission on Revenue Mobilization has indicated that tax evasion activities of some companies deny the state of its required revenue for development.

Required:

Explain what tax evasion is, and
Identify THREE ways by which companies evade tax. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Tax Compliance, Tax Evasion
Level: Level 3

Topic: Anti-avoidance measures, Tax planning
Series: NOV 2017

AT – Nov 2023 – L3 – Q1b – Anti-avoidance measures

Explain the Comparable Uncontrolled Price (CUP) method in transfer pricing with an example and state situations for its application

Question

The transfer pricing rules require the use of the “most appropriate” method to price related party transactions. One of such methods is ‘Comparable Uncontrolled Price method’.

Required:
i) Explain with a simple numerical example, the comparable uncontrolled price. (4 marks)
ii) State TWO (2) situations where it is most appropriate to apply the comparable uncontrolled price method. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Comparable Uncontrolled Price Method, Related Party Transactions, Tax Compliance, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: NOV 2023

AT – Nov 2019 – L3 – Q3a – Anti-avoidance measures

Explain the objectives of Ghana’s Transfer Pricing Regulations and the concept of the arm’s length principle.

Question

The Ghanaian Government, worried by the rising incidence of Transfer Pricing abuses by Multinational and Group Companies, introduced new transfer pricing rules and guidelines through Transfer Pricing Regulations, 2012 (LI 2188).

Required:

i) Explain any FOUR (4) objectives of the transfer pricing regulations of Ghana. (6 marks)

ii) Explain the arm’s length principle. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Avoidance, Arm's Length Principle, Tax Regulations, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: NOV 2019

AT – April 2022 – L3 – Q2a – Anti-avoidance measures

Discuss four factors the Commissioner-General will consider in comparability analysis for transfer pricing arrangements.

Question

Required:
Explain FOUR (4) factors the Commissioner-General will rely on in his comparability analysis in Transfer Pricing arrangements.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Arm's Length Principle, Comparability Analysis, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: APR 2022

AT – May 2021 – L3 – Q3b – Anti-avoidance measures

Explain how contractual terms protect revenue in transfer pricing arrangements.

Question

Required:
How do contractual terms protect revenue in transfer pricing arrangements?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Contractual Terms, Tax Revenue Protection, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: MAY 2021

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

Question

As part of measures to fight back base erosion and profit shifting, Parliament of Ghana has legislated against profit splitting.

Required:
Evaluate the impact of income splitting as an anti-tax avoidance measure.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Tax Avoidance, Income Splitting, Profit Shifting
Level: Level 3

Topic: Anti-avoidance measures
Series: MAY 2021

AT – Mar 2024 – L3 – Q3c – Anti-avoidance measures

Explaining the difference between tax avoidance and tax evasion, examples of both, and limitations to tax planning.

Question

Required:

i) Explain the differences between tax avoidance and tax evasion.
(3 marks)

ii) Enumerate THREE (3) examples of tax avoidance activities firms and individuals are likely to engage in.
(3 marks)

iii) Identify FOUR (4) examples of activities that are likely to be classified as tax evasion and not tax avoidance.
(2 marks)

iv) Explain TWO (2) limitations to effective tax planning.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Illegality, Legal, Tax avoidance, Tax Compliance, Tax Evasion, Tax liabilities
Level: Level 3

Topic: Anti-avoidance measures
Series: MAR 2024

AT – July 2023 – L3 – Q2b – Anti-avoidance measures

Discussing the key factors the Commissioner-General considers when evaluating price manipulation among connected persons.

Question

Required:
Discuss FOUR (4) considerations the Commissioner-General may place reliance on as part of measures to be convinced that there is no price manipulation.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Connected persons, Price manipulation, Revenue protection, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: JULY 2023

AT – Nov 2015 – L3 – Q3b – Anti-avoidance measures

Explaining the difference between tax evasion and tax avoidance with examples.

Question

Distinguish between Tax Evasion and Tax Avoidance and give one example of each.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Tax avoidance, Tax Compliance, Tax Evasion, Tax fraud
Level: Level 3

Topic: Anti-avoidance measures
Series: NOV 2015

AT – Nov 2017 – L3 – Q1d – Tax planning, Anti-avoidance measures

Explaining tax evasion and identifying ways companies evade taxes.

Question

The Presidential Commission on Revenue Mobilization has indicated that tax evasion activities of some companies deny the state of its required revenue for development.

Required:

Explain what tax evasion is, and
Identify THREE ways by which companies evade tax. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Tax, Tax Compliance, Tax Evasion
Level: Level 3

Topic: Anti-avoidance measures, Tax planning
Series: NOV 2017

AT – Nov 2023 – L3 – Q1b – Anti-avoidance measures

Explain the Comparable Uncontrolled Price (CUP) method in transfer pricing with an example and state situations for its application

Question

The transfer pricing rules require the use of the “most appropriate” method to price related party transactions. One of such methods is ‘Comparable Uncontrolled Price method’.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Comparable Uncontrolled Price Method, Related Party Transactions, Tax Compliance, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: NOV 2023

AT – Nov 2019 – L3 – Q3a – Anti-avoidance measures

Explain the objectives of Ghana’s Transfer Pricing Regulations and the concept of the arm’s length principle.

Question

Required:

i) Explain any FOUR (4) objectives of the transfer pricing regulations of Ghana. (6 marks)

ii) Explain the arm’s length principle. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Avoidance, Arm's Length Principle, Tax Regulations, Transfer Pricing
Level: Level 3

Topic: Anti-avoidance measures
Series: NOV 2019

Topic: Anti-avoidance measures

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AT – April 2022 – L3 – Q2a – Anti-avoidance measures

Discuss four factors the Commissioner-General will consider in comparability analysis for transfer pricing arrangements.

You're reporting an error for "AT – April 2022 – L3 – Q2a – Anti-avoidance measures"

AT – May 2021 – L3 – Q3b – Anti-avoidance measures

Explain how contractual terms protect revenue in transfer pricing arrangements.

You're reporting an error for "AT – May 2021 – L3 – Q3b – Anti-avoidance measures"

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

You're reporting an error for "AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures"

AT – Mar 2024 – L3 – Q3c – Anti-avoidance measures

Explaining the difference between tax avoidance and tax evasion, examples of both, and limitations to tax planning.

You're reporting an error for "AT – Mar 2024 – L3 – Q3c – Anti-avoidance measures"

AT – July 2023 – L3 – Q2b – Anti-avoidance measures

Discussing the key factors the Commissioner-General considers when evaluating price manipulation among connected persons.

You're reporting an error for "AT – July 2023 – L3 – Q2b – Anti-avoidance measures"

AT – Nov 2015 – L3 – Q3b – Anti-avoidance measures

Explaining the difference between tax evasion and tax avoidance with examples.

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AT – Nov 2017 – L3 – Q1d – Tax planning, Anti-avoidance measures

Explaining tax evasion and identifying ways companies evade taxes.

You're reporting an error for "AT – Nov 2017 – L3 – Q1d – Tax planning, Anti-avoidance measures"

AT – Nov 2023 – L3 – Q1b – Anti-avoidance measures

Explain the Comparable Uncontrolled Price (CUP) method in transfer pricing with an example and state situations for its application

You're reporting an error for "AT – Nov 2023 – L3 – Q1b – Anti-avoidance measures"

AT – Nov 2019 – L3 – Q3a – Anti-avoidance measures

Explain the objectives of Ghana’s Transfer Pricing Regulations and the concept of the arm’s length principle.

You're reporting an error for "AT – Nov 2019 – L3 – Q3a – Anti-avoidance measures"

AT – April 2022 – L3 – Q2a – Anti-avoidance measures

Discuss four factors the Commissioner-General will consider in comparability analysis for transfer pricing arrangements.

You're reporting an error for "AT – April 2022 – L3 – Q2a – Anti-avoidance measures"

AT – May 2021 – L3 – Q3b – Anti-avoidance measures

Explain how contractual terms protect revenue in transfer pricing arrangements.

You're reporting an error for "AT – May 2021 – L3 – Q3b – Anti-avoidance measures"

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

You're reporting an error for "AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures"

AT – Mar 2024 – L3 – Q3c – Anti-avoidance measures

Explaining the difference between tax avoidance and tax evasion, examples of both, and limitations to tax planning.

You're reporting an error for "AT – Mar 2024 – L3 – Q3c – Anti-avoidance measures"

AT – July 2023 – L3 – Q2b – Anti-avoidance measures

Discussing the key factors the Commissioner-General considers when evaluating price manipulation among connected persons.

You're reporting an error for "AT – July 2023 – L3 – Q2b – Anti-avoidance measures"

AT – Nov 2015 – L3 – Q3b – Anti-avoidance measures

Explaining the difference between tax evasion and tax avoidance with examples.

You're reporting an error for "AT – Nov 2015 – L3 – Q3b – Anti-avoidance measures"

AT – Nov 2017 – L3 – Q1d – Tax planning, Anti-avoidance measures

Explaining tax evasion and identifying ways companies evade taxes.

You're reporting an error for "AT – Nov 2017 – L3 – Q1d – Tax planning, Anti-avoidance measures"

AT – Nov 2023 – L3 – Q1b – Anti-avoidance measures

Explain the Comparable Uncontrolled Price (CUP) method in transfer pricing with an example and state situations for its application

You're reporting an error for "AT – Nov 2023 – L3 – Q1b – Anti-avoidance measures"

AT – Nov 2019 – L3 – Q3a – Anti-avoidance measures

Explain the objectives of Ghana’s Transfer Pricing Regulations and the concept of the arm’s length principle.

You're reporting an error for "AT – Nov 2019 – L3 – Q3a – Anti-avoidance measures"

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