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.


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