What is the purpose of the accumulated earnings tax? What is the penalty tax rate that applies

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What is the purpose of the accumulated earnings tax? What is the penalty tax rate that applies to excess accumulated earnings? How does a company avoid this tax?

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Taxation For Decision Makers 2017

ISBN: 9781119330417

7th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Oct 26, 2017 03:34 AM

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What is the purpose of the accumulated earnings tax? What is the penalty tax rate that applies

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The accumulated earnings tax is designed to discourage a corporation from retaini...View the full answer

Taxation For Decision Makers 2017

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