Page 56 - DCOM508_CORPORATE_TAX_PLANNING

Unit 3: Corporate Tax Planning
Gopika Juneja, Lovely Professional University

Unit 3: Corporate Tax Planning Notes

CONTENTS

Objectives
Introduction
3.1 Concept of Tax Planning
3.1.1 General Areas of Tax Planning
3.1.2 Tax Planning for Different Business Forms
3.1.3 Tax Planning tips that can assist salaried people to reduce their tax
accountability

3.1.4 Different Types of Tax Planning Strategies
3.2 Overview of Corporate Tax Planning
3.2.1 Domestic Corporate Income Taxes Rates
3.2.2 Foreign Companies Income Tax Rates
3.2.3 Tax Rebates under Corporate Tax Rate
3.2.4 Case for Levy of Corporate Tax
3.3 Tax Evasion
3.3.1 Importance of Tax Evasion
3.3.2 Causes of Tax Evasion
3.3.3 Impact of Tax Evasion
3.3.4 Remedies to Overcome (Reduce) Tax Evasion
3.4 Tax Avoidance
3.4.1 Double Taxation

3.4.2 Difference between Tax Avoidance and Tax Evasion
3.5 Tax Management
3.5.1 Main Aim of Tax Management
3.5.2 Areas of Tax Management
3.5.3 Difference between Tax Planning and Tax Management
3.6 Summary
3.7 Keywords
3.8 Review Questions
3.9 Further Readings

Objectives

After studying this unit, you will be able to:
Explain the concept of tax planning
Discuss corporate tax planning
Describe tax evasion

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