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Explain the distinction between private and public companies

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Reference no: EM133170609

Question -

1. Explain the distinction between private and public companies under the tax law. Why is this distinction important?

2. What is a 'base rate entity' and what rates of tax are payable by these entities?

3. What is the objective of the imputation system? How does it achieve this objective?

Reference no: EM133170609

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