Differences between tax avoidance and tax evasion

Assignment Help Managerial Accounting

Reference no: EM13166771

Question

a Tax avoidance and tax evasion are two very different concepts. Compare and contrast the differences between tax avoidance and tax evasion. Give two examples of each to support your discussion.

b Under the Inland Revenue Ordinance, there are many provisions targeting anti-avoidance activities. While specific anti-avoidance provisions tackle specific situations or industries, there are the general anti-avoidance provisions that have wide application in different situations. Briefly explain the general anti-avoidance provisions and cite examples or cases where the general anti-avoidance provisions are applicable.

Reference no: EM13166771

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