Question

In: Accounting

Provide a classification of industries that are good candidates for tax minimization strategies and those that...

Provide a classification of industries that are good candidates for tax minimization strategies and those that are not. Also, can you show a simple model with your results?

Solutions

Expert Solution

The industries that are good for tax minimization strategies are as following:

I.                    Manufacturing industry.

II.                 Work contract industry.

III.               Service sector industry.

IV.              Retail sector.

The industries that are not good for tax minimization strategies are as following:

I.                    Construction industry.

II.                 Alcohol industry.

III.               Tobacco industry.

IV.              Arms and ammunition industry.


Related Solutions

Why are industries like computers not good candidates for infant industry protection? Can you suggest some...
Why are industries like computers not good candidates for infant industry protection? Can you suggest some key characteristics of good candidate?
Two scenarios are provided for the candidates. The candidates can provide appropriate solutions for any one...
Two scenarios are provided for the candidates. The candidates can provide appropriate solutions for any one or both the scenarios considering all the points. Scenario 1: An environment is attacked by zero-day attack with users identifying a notepad with attacker details and instructions to regain access, 60% of estate/users are impacted. Every endpoint had AV & EDR tools, but the machines were infected. Environment had required security controls for network, firewall, log monitoring, nothing was detected in SIEM. Backup strategy...
Using a family planning example, provide at least five tax planning strategies to defer estate tax,...
Using a family planning example, provide at least five tax planning strategies to defer estate tax, gift tax and income tax ( U.S.)
Training and Development -ETDP       This case study is provided for those candidates who have...
Training and Development -ETDP       This case study is provided for those candidates who have no other means of generating evidence in support of ELO 7. Define standards for assessment, education, training and development (ID 117856) The term “standard” refers to a document that defines required outcomes of learning, associated assessment criteria and range statements, and any additional information that may be required in order to make an assessment judgement concerning learner competence. You have been appointed to the...
Identify 10 wealth planning strategies for tax purposes (tax reduction strategies).
Identify 10 wealth planning strategies for tax purposes (tax reduction strategies).
What are glycosaminoglycans, and why are sugars good candidates for molecules that fill that role
What are glycosaminoglycans, and why are sugars good candidates for molecules that fill that role
Compare replication strategies of parvoviruses with those of papillomaviruses?
Compare replication strategies of parvoviruses with those of papillomaviruses?
1. Identify 10 wealth planning strategies for tax purposes (tax reduction strategies).
1. Identify 10 wealth planning strategies for tax purposes (tax reduction strategies).
What are: Strategies in Embryonic and Growth Industries?
What are: Strategies in Embryonic and Growth Industries?
1. Decisions that benefit the firm should never make tax minimization secondary in priority. TRUE    or   ...
1. Decisions that benefit the firm should never make tax minimization secondary in priority. TRUE    or    FALSE 2. Voluntarily complying with tax laws that apply to a foreign subsidiary reflects a tax principle called tax morality. TRUE    or    FALSE 3. The three categories of trade relationships all relate to unaffiliated firms. TRUE    or    FALSE 4. A source of competitive advantage for a multinational firm can be economies of scale and scope. TRUE    or    FALSE 5. Advanced technology and financial strength...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT