(1) Do you agree that giving companies tax breaks forcharitable contributions distorts public spending byindirectly giving companies and activists control overhow tax revenues are spent? Why or why not? (2) IfCompany A takes a cynical approach to CSR andCompany B takes a proactive approach, but theymake identical contributions to society, is onecompany “better” than the other? Why or why not?

Q: 23

A: Demand-side economics emphasizes the importance of consumer spending and aggregate demand as the…

Q: Some of the responses by governments to slow down the pandemic have had a negative impact on the tax…

A: Tax revenue is the revenue to the government, the government of any country gets the revenue by way…

Q: Which of the following statements is false? Multiple Choice O The value of an enterprise should not…

A: d. Cash flow should be calculated on an after-tax basis:Explanation: This statement is True. Cash…

Q: Write True of the statement is correct, otherwise, write False and underline the part/s that make…

A: There are 15 statements so I am answering them one by one and for better understanding, I am…

Q: None

A: Step 1: Introduction to the Capital Gain:If a physical or virtual asset is held for a period of time…

Q: Explain Why you agree or disagree with the following statement. The answer should not be more than 3…

A: The MM theory helps to understand the impact of different sources of capital and the tax rates on…

Q: iscuss why big f

A: Big firms, including multinational companies and banks, have more resources, expertise, and global…

Q: What is y shelter

A: Tax shelter is a financial arrangment to avoid or mininise taxes.…

Q: .      The Bureau of Internal Revenue filed a case against Prorealty Corporation due to…

A: This is a case of tax delinquency and penalties for companies operating in the Philippines. Tax law…

Q: If some activity creates positive externalities as well as private benefits, then economic theory…

A: An externality is benefit or cost that affects someone who is not directly involved in the…

Q: “ Not – for –profit organisation” do not maintain any capital account”. What do they maintain…

A: Organisation that are set up for welfare of society , charitable institutions , schools and Trade…

Q: Since NFPOs do not have as an objective making a profit for their own- ers, why should they be…

A: Not-for-profit organizations, also known as non-profit organizations, are entities that are…

Q: 2. How to do the personnel income tax and corporate tax cause economic double taxation? How to do…

A: Please find the answer to the above question below:

Q: In the case of income tax there are high tapayer costs but low government costs True False Question…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Why might revenues generated from the tax fall short of expectations?   2. Do you think that…

A: Everybody has needs and wants. The demands and wants may not all be able to be met by the current…

Q: Public officials are not accountable to citizens for public monies and how they are spent. True…

A: Following is the answer to the given question

Q: To what extent do you think that charity is a personal decision and not a corporate one? Companies…

A: According to my view point its depends upon the person to set apart their money into the charity.…

Q: Which one of the following is a soft benefit?    Depreciation tax shield   Reduction in the number…

A: Soft benefit:- It is the benefits that can be measured in terms of money. It can include aspects…

Q: You are required to discuss and explain your opinion whether the following statement iscorrect:“The…

A: The objective of the question is to discuss and explain whether the financial performance of…

Q: .

A: Tax Evasion Tax evasion is the unlawful act of a person or a business attempting to avoid…

Q: What is the tax advantages and tax disadvantages of Sarbanes-Oxley in relations to the extent to…

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

Q: Governments may be distinguished from not-for-profit organizations by:     Absence of profit motive…

A: All the organisations in the world can be classified into two categories. They are,  1. Profit…

Q: Which of the following objectives of the company creates immoral practices such as: corrupt…

A: In Welfare maximisation, company works for the wellbeing of society, people, environment etc. If an…

Q: Tax evasion is defined as a willful attempt to defraud the government. What are some examples of an…

A: Tax Evasion: It is the effort by an individual or a corporation to avoid paying the taxes that are…

Q: Governments and not-for-profit organizations have the trait of not being in business to make money.…

A: The Answer

Q: The major category within the Financial Accounting Equation (FAE) which tracks the owner's rights or…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The main objective of most for-profit businesses is to maximize:

A: Profit is the extra income over expenses. The main objective of for-profit businesses is to earn…

Q: What statement is false? a. A tax on consumption will effectively result in virtually all residents…

A: The question is related to consumption Tax. A consumption tax is a tax on the purchase of a good or…

Q: What is one potential impact of tax reforms on small businesses? a) Increased compliance costs b)…

A: The question is asking about the potential impact of tax reforms on small businesses. Tax reforms…

Q: Do you think with the technological advances we now have there should be little to no tax errors?…

A: introduction Yes,  I think with the technological advances we now have there should be little to no…

Q: The "at-risk" rule acts to prevent tax shelters from generating large losses for their investors…

A: "At-risk" rules are the tax shelter laws that limits the entity's amount to claim deductions which…

Q: Maximizing the value of a company is a priority only for public companies, not for privately owned…

A: Public company: A corporation is considered a public firm if it has issued securities, such as…

Q: The ideal taxation system is a good tax system, that is, it must comply government needs whose…

A: Government charges two different taxes from its customer. One is direct tax and the other is…

Q: 1. "Taxes are necessary evil". Based on what we discussed in class, discuss and argue why this is…

A: The statement "taxes are a necessary evil" suggests that while taxes may be unpleasant or…

Q: To assess the tax repercussions, it is crucial to comprehend the type of perks that a firm provides…

A: Benefits provided by employers: when an employee works for a company, then every employer has to…

Q: Securitization has its upside (primarily liquidity and diversification), but it has its downside as…

A: Securitization is a complex financial process where assets are bundled together and transformed into…

Q: The net effect of the Tax Cuts and Jobs Act (TCJA) was to: Multiple Choice Neither of these…

A: The corporate tax rate decreased substantially as a result of the Tax Cuts and Jobs Act, which was…

Q: What Are The Consequences That The Multinational Companies Are Facing In Tax Evasion And Tax…

A: Answer:-  Tax Evasion definition:- Tax evasion can be defied as the illegal way of avoiding tax…

Q: The good creates a negative externality to producers. The government taxes producers exactly at the…

A: Taxes on negative externalities are intended to make consumers/producers pay full social cost of the…

Q: You are required to discuss and explain your opinion whether the following statement iscorrect:“The…

A: The objective of the question is to discuss and explain whether the financial performance of…

Q: Why do governments intervene in setting accounting standards instead of leaving it to the private…

A: Government and politicians frequently become involved in financial accounting regulation. The…