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Tax avoidance; business responsibility or businesses irresponsibility?
Consider the recent issue of organisations being accused of tax avoidance. Large multi-national corporations have been using complex, yet legal loopholes in tax legislation to avoid paying corporation tax in the United Kingdom. You must produce an individual written report that critically analyses the case both for and against such business practices. This analysis should use contemporary evidence in comparison to academic literature and must explicitly consider the ideological and ethical issues. Your report must also provide appropriate conclusions and recommendations to an appropriate range of stakeholders.
Determine taxable income before considering expense.
Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.
Explain what is meant by income by ordinary concepts
Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.
Calculate Carolines taxable income
Show the tax issues that are raised and the relevant sections of the legislation.
Brief statement in your own words of the facts of the cases.
Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise
Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.
Discuss- A tax on cigarettes is a good way of raising tax revenue for the government
Prepare the required journal entry to record the tax expense
Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?
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