Match each of the following terms with the most accurate example. Use each example only...
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Accounting
Match each of the following terms with the most accurate example. Use each example only once.
TERMS:
Tax evasion
Tax planning
Tax avoidance
EXAMPLES:
A An individual is seeking a beneficial outcome and legally arranges transactions to minimize the impact on cash flow from taxes owing.
B A business is seeking a beneficial outcome and does not report a portion of revenue earned during the year.
C Two unrelated companies take steps to become related solely for the purpose of loss utilization.F Ltd a Canadiancontrolled private corporation, has net income and taxable income of $ The income is specified investment business income. Determine Fs federal Part I tax payable.
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