In: Accounting
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?
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.