To Be Guilty of Tax Evasion, You Must

question 2

Multiple Choice

To be guilty of tax evasion, you must:

• A) Try to maximize profits.
• B) Try to minimize your tax liability.
• C) Arrange your affairs so as to keep your taxes as low as possible.
• D) Refuse to disclose a tax liability based on a completed transaction.

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Definitions:

U.S. Shrimp Trawling

U.S. shrimp trawling refers to the fishing method in the United States that involves dragging a trawl net through the water, primarily on the ocean floor, to catch shrimp, often criticized for its environmental impact.

Turtle Exclusion Devices

Devices used in fishing equipment to prevent sea turtles from getting caught in nets, thereby reducing turtle mortality in fisheries.

Long Lining

A commercial fishing technique that uses a long line, often kilometers in length, with baited hooks spaced at intervals to catch fish or other marine animals.

Cetaceans

A group of marine mammals that includes whales, dolphins, and porpoises, characterized by their fully aquatic lifestyle.