Deferring Income to a Subsequent Year Is Considered to Be

question 63

True/False

Deferring income to a subsequent year is considered to be tax avoidance.

---

Definitions:

Inequality

The uneven distribution or imbalance of resources, opportunities, and rights among individuals or groups, leading to disparities in wealth, status, and power.

Formality

The degree to which activities, procedures, or operations are structured and officially sanctioned.

Guanxi

The Chinese practice of building networks for social exchange.

Social Exchange

A conceptual framework that suggests social behavior is the result of an exchange process aimed at maximizing benefits and minimizing costs in relationships.