a) Joe Tiger is a Ghanaian world boxing Champion and resides permanently in Ghana . During his

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Question:

a) Joe Tiger is a Ghanaian world boxing Champion and resides permanently in Ghana . During his defense of his WBC Lightweight title bout in UK on N, he earned an amount of USD 2m which attracted 10 % withholding tax in UK He has just been informed by the Ghanaian tax authorities to file his tax returns for the 2019 financial year to be assessed on his income from the bout.

The boxer who is your longtime school friend has heard that you have completed Ghana Technology University and therefore approached you to explain to him why he should be taxed again on an income which has already been taxed in UK

Required:

Explain to him WHY he should pay tax in Ghana on his income form the bout and HOW the tax authorities will arrive at his tax liability on the income. ( 15 marks)
NB. The boxer is a JSS leaver and this should be taken into consideration in your explanation.( No calculation is required)

b) Two countries SOGA and MOGA are two island countries in the Far East .The two countries are contemplating a Double Taxation Agreement (DTA). The two are of the view that the Double Taxation Agreement will create a lot of tax benefits to citizens and other persons in both countries. Others have criticized this move as counter-productive and not worth the time of either country.

Your inputs are being solicited as a Final year accounting student at GTUC and a patriotic citizen of SOGA to provide the benefits to be put on the website of Ministry of Finance of SOGA to enable people read, appreciate and support the agreement.
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