Lindsay is the 100% shareholder of the ABC Corp, which was incorporated in 2010.Lindsay was informed by

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Lindsay is the 100% shareholder of the ABC Corp, which was incorporated in 2010.Lindsay was informed by the company accountant that her corporation earned profit in the year 2020 but incurreed no income tax liability.

a) Is it true that this statement is true?Explain the principle reasons why?

b) State your opinion whether changes to the tax system are warranted. i.e do yu think that current tax systme is fair and equitable.Explain?

Related Book For answer-question

Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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Posted Date: Apr 10, 2023 02:17 AM

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Lindsay is the 100% shareholder of the ABC Corp, which was incorporated in 2010.Lindsay was informed by

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Auditing a business risk appraoch

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