What do you know about tax evasion, tax avoidance, and tax exemption? Please elaborate youranswer and give example of these activities.
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- If you will be a taxpayer, how do you want to pay your taxes? Focus on the administrative feasibility among the principles of sound tax system.What are the determinants of Tax Revenue? Show how you can improve Tax Revenue.In your opinion, should “tax arbitrage” be made legal? Discuss and provide examples.
- What about the tax return preparation?what is Tax Avoidance and Tax Evasion?Distinguish between tax avoidance and tax evasion. What are the ethical responsibilities of the tax practitioner in dealing with tax avoidance? What are the ethical responsibilities of the tax practitioner in dealing with tax evasion?
- Why is recordkeeping so important as a taxpayer and tax preparer?What are the specific requirements of paid tax return preparers? In other words, what must they obtain from the IRS in order to charge money for tax preparation? What is the statute of limitations for income tax returns? Are there any exceptions to the general rule?Identify some of the reasons why accounting for income taxes is complex?
