User Account

All Pages

List some possible tax implications for Mr Laliberte

Assignment Help Accounting Basics
Reference no: EM132907021

Question - A trip to outer space by Guy Laliberte in 2009 was a taxable benefit. The trip was $41.8 million, paid and reimbursed to Cirque du Soleil's founder, as a business expense. The judge fixed the amount of the business-related portion of the trip to be about 10 percent or $4.2 million.

List some possible tax implications for Mr. Laliberte as an employee & the Cirque Du Soliel as the company.

Why would the company want to pay for the trip like this?

Reference no: EM132907021

Questions Cloud

Beyond presenting issue : Why is it important to move beyond presenting issue(s) to identify the underlying issue(s)?
How a patient pharmacodynamic processes : Reflect past clinical experiences and consider how a patient's pharmacokinetic and pharmacodynamic processes may alter his or her response to a drug.
Journalize the transactions : Oct 3: Issued 500, $1.50 preferred shares for $50,000 cash. Journalize transactions. Form shareholders' equity section of Heuristic Solution's balance sheet
Cyber-power change either the nature or character of war : How does cyber-power change either the nature or character of war? Does it change it at all? Can cyber-power be decisive in war?
List some possible tax implications for Mr Laliberte : List some possible tax implications for Mr. Laliberte as an employee & the Cirque Du Soliel as the company
Appropriate uses of nonbinding evaluation : What are the types and appropriate uses of nonbinding evaluation? How does it compare to litigation?
Calculate market potential for the product : The purpose of this assignment is to help you develop a better understanding of how to use secondary data research to solve your business problems.
Implement the change or correction required : Showing your calculations, prepare the journal entry/entries necessary to implement the change or correction required
People currently doing to achieve security objectives : What are people currently doing to achieve security objectives? Where do those security objectives originate?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd