Question: 15. Using the codes from Exercise 14, identify the basic approach(es) to tax avoidance that are used in each of the following cases: a. Retainer
15. Using the codes from Exercise 14, identify the basic approach(es) to tax avoidance that are used in each of the following cases:
a. Retainer Corp. is a U.S .- owned corporation that was incorporated abroad. The U.S. shareholders do not plan to repatriate earnings back to the United States for many years.
b. Donna fails to report on her tax return the interest earned on her savings account.
c. Evelyn has her controlled corporation pay her a salary instead of a dividend during the current year.
d. Flip operates his business as a regular corporation because of his high marginal tax rate. He plans to sell the corporation in five years.
e. Georgia grows most of her own food instead of taking a second job.
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