Question: Answer : - 1 ) With zero - rated sales, there is a tax credit to the seller for the VAT that the seller paid

Answer :-
1) With zero-rated sales, there is a tax credit to the seller for the VAT that the seller paid when it purchased the goods being resold.-true-false
3) For flow through entities, payments of profits to owners cannot be tax deductible unless represent interest True.False
4) For a Palestinian proprietorship, tax benefit of getting 5% interest on productive loan of 120000$ for one year over any internal financing source isO 6000$O $3600* $600*12000
6) Changes in tax policies for C corporations are more frequent if compared with S corporations TrueO False
7) An advantage ofexternal financining over the internal financing is the extra value added TrueO False
8) The worldwide method of apportioning income of multinational company among states determines the extent to which a parent corporation's b accounting ranches and affiliates are included in its apportionable income and the apportionment formula TrueO False
9) SAVANT is an acronym for how tax planning fits into business decisions conducted by exceptionally knowledgeable person.* True* False10) If the taxes are expected to increase due to statutory future changes ,sufficient earnings must be currently retained in order to gain tax benefitsO TrueO False
11) It is to note that strategic tax management takes into account not just present but anticipated situationsO TrueO False
12) The firm's decision to do business in foreign countries should be consonant with its strategic plan and necessarily grants achievement of tax benefits* True* False
13) Tax planning strategies deal with the behavior of :A-competitors, other parties in functioning environment and Governmentb-Sector conditionsC-Competitorsd-Other parties in functioning environment
14) It is not necessary to the firm to gain experience in international business in order to establish a physical presence overseas True.False
15) When a firm operates in multiple states, its overall business income is apportioned (and taxed) across states based on the relative sales, payroll, and property in each state* True* False
16) Regressive tax structure is applies by income tax directorate in Palestine when taxing corporations True.False17) The legal form of Flow through entities are the corporates True.False18) Direct Export to Joint Venture to Branch Subsidiary are the phases of business expansion across border with grate tax consequences.True False
20) If dividend are taxed, the corperates in Palestine and else where will be in double taxation problem* True* False
23) The average effective tax rates are computed as total taxes paid by businesses in the state divided by net business income (net valueadded) for the state* True* False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!