Question: Suppose the top corporate statutory tax rate will decrease from 35% to 30% next year. The CFO of ABC Corporation wants to defer as much

Suppose the top corporate statutory tax rate will decrease from 35% to 30% next year. The CFO of ABC wants to defer as much income as possible and asks you to prepare a detailed list of actions to shift income (that is, ways in which the firm can shift income). For each action, she wants you to outline any nontax costs associated with the action.

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