The Manager of Little Company Ltd

question 7

Multiple Choice

The manager of Little Company Ltd.has decided to sell a piece of capital equipment after the company's year-end in order to avoid paying tax on capital gains this year.The manager is engaging in

• A) tax avoidance.
• B) tax evasion.
• C) tax planning.
• D) GAAR.

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Definitions:

Immigrant Success Story

A narrative that highlights the achievements and positive outcome of an immigrant's journey and adaptation to a new country.

Anger and Resentment

Strong feelings of displeasure or indignation, often due to perceived injustice or wrongs.

Refugee Crisis

A large-scale, often urgent situation where individuals are forced to flee their country due to conflict, persecution, or natural disaster, seeking safety elsewhere.

Alan Kurdi

A three-year-old Syrian boy of Kurdish ethnic background whose image made global headlines after he drowned on September 2, 2015, in the Mediterranean Sea, symbolizing the tragic plight of refugees attempting to reach Europe.