Which of the Following Statements About Tax Planning Is False

question 52

Multiple Choice

Which of the following statements about tax planning is false?

• A)The goal of tax planning is tax minimization.
• B)Tax planning involves structuring transactions to reduce tax costs or increase tax savings.
• C)Sound tax planning ideas should be entirely legal.
• D)None of the above is false.

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Definitions:

Vending Machines

Automated machines that dispense items such as snacks, beverages, and tickets to consumers after a payment has been made.

Freestanding Kiosks

Freestanding Kiosks are standalone booths or stalls located in public places, used for selling goods or services or for informational purposes.

Consumer Electronics

Electronic equipment intended for everyday use by individuals, including devices like smartphones, tablets, and laptops.

Television Home Shopping

A form of electronic retailing where products are marketed to consumers through live presentations on television.