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- Discuss problems regarding tax evasion in a country? What should be the solution that can be done by the government?How can Tax Administration Jamaica help companies Limited to become more tax compliant and overcome the enticement of tax avoidance and tax evasion?Why income tax is higher than corporate tax around the world?
- Why might the effective tax rate paid on income earned within a country be different from that country’s national corporate income tax rate?Explain what happens in a small open economy when the government changes the tax laws to encourage investment by providing an investment tax credit.Can any nonrefundable credits, other than the foreign tax credit, reduce the regular income tax liability below the amount of the TMT? Explain.
- It is about Hong Kong Tax Planning. What is dispensable income? And what is the calculation talking about?Can you give one example of tax avoidance and what its effect on the tax collection of the country?2. Consider "Optimal Taxation Theory" a) What is its objective? b) Summarize the main principles in applying optimal tax theory for tax design. c) Highlight the limitations to adoption of optimal taxation in small developing countries such as the SIDS of the Caribbean.
