Danny Argues That Tax Accountants Suffer from One-Mindedness in Their

question 6

Essay

Danny argues that tax accountants suffer from one-mindedness in their attempts at tax planning (i.e., reducing taxes at all costs). Is Danny's view of tax planning correct - i.e., does he understand what the goal of tax planning is? Please elaborate.

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Definitions:

Incidental Beneficiary

A third party who benefits from a contract between two other parties, but for whom the benefit was not the contract's primary intent.

Intended Beneficiary

A person or entity that is specifically designated to benefit from a contract, even though they are not a direct party to that contract.

Reasonable Person

A legal standard used to determine how an average person would responsibly act under certain circumstances for the purposes of establishing negligence in civil law.

Rights

Privileges or entitlements granted by law, custom, or agreement to individuals or groups, allowing them to perform certain actions or to be treated in a specific way.