Tax Avoidance OR International Accounting Standards Dissertation

Tax Avoidance OR International Accounting Standards - Dissertation Example Thus, they maintain a liberal tax system for businesses and maintain a more stricter tax system for individuals. Due to this, most businesses have many options of manipulating tax law to their favour in order to pay less taxes. In principle, taxes are paid to promote social justice and assist the government and corporate sector to meet its objectives and needs. If an individual or business entity fails to pay taxes, they are liable to prosecution and this could result in fines or jail terms (Blankson, 2004: 3). This implies that although failure or refusal to pay taxes could have serious consequences, there are some kind of loopholes which can be explored by corporate entities in order to pay less taxes. The ACCA identifies that everyone must arrange his affairs to pay less taxes and it is not even a patriotic duty to pay more taxes (2009). This means that it might be desirable to arrange one's affairs to pay the minimum tax possible. James identifies that â€Å"tax avoidance involv es the taxpayer using the tax rules to his best advantage to minimise his tax liability† (2009: 129). Hence, the practice of tax avoidance entails the examination of the tax rules to identify the best way of arranging one's affairs to pay the least possible taxes. However, this theory seem to be in conflict with the normal view and spirit of taxation which is to promote social justice. ... It is said that the largest companies are the ones who hire the best tax lawyers and tax planners to cut down their taxes to the barest minimum (Sims, 2011). So in that case, is tax avoidance really legal or not? Aside that, how is tax avoidance carried out? What are the techniques and strong spots through which tax avoidance is carried out? In practice, what are the most dominant ways that are used by corporate entities to avoid taxes? 1.2 Aims and Objectives This research aims at â€Å"undertaking an enquiry into the concept of tax avoidance and an analysis of the techniques used and the main trends and activities that are used in carrying out tax avoidance†. In doing this the following objectives will be explored: 1. A critical review of the concept of tax avoidance and its relative position in the world of finance and business. 2. An examination of the main areas through which tax avoidance is carried out and the strategies used in carrying out tax avoidance. 3. Analysis o f the role of stakeholders: shareholders, employees and the public in the struggle for tax avoidance 4. A critical view of a moral approach to dealing with tax avoidance in the UK. 1.3 Research Design The research would focus mainly on a critical literature review for various levels of analyses. In arriving at this end, the research would involve a thorough examination of secondary sources like textbooks, journals and cases to ascertain the actual position of tax avoidance in the world of business. The critical review of literature will include an examination of authoritative text in ascertaining the most popular trends and systems that are used in reducing taxes in the corporate sector. This will involve the examination of the key elements and aspects of corporate tax

Comprehensive Examination Questions Essay Example | Topics and Well Written Essays - 2000 words

Comprehensive Examination Questions - Essay Example These are the consecutive model and the concurrent model. In the case of consecutive model, a teacher would first obtain a certain qualification in one or more than one subjects (which can be a first university degree) and then she/he would study for an extended period of time to obtain an extra qualification in teaching. In certain systems, it is a postgraduate degree. In the case of concurrent model, the student would concurrently study one or more than one academic subject together with the techniques of teaching that subject, which would eventually lead to the eligibility to be a teacher in that subject. Through the above discussion, we understand the beginning of the process of teacher development. Stage theories develop from this very process of ‘making’ a teacher. In this process of teacher development, illustrations, examples, explanations, and demonstrations are crucial. In a word, the ways of representing and formulating the subject that makes it comprehensible to others †¦ (it) also includes an understanding of what makes the learning of specific topics easy or difficult: the conceptions and preconceptions that students of different ages and backgrounds bring them to the learning (Craft et al, 2001). Hence, teacher development would be a stage-wise process that would enable the teacher to handle the various needs of this demanding profession in today’s complex environment. In this context, one of the two current stage theories that would be discussed here is given by R. Fessler and J. Christiansen. According to them, an individual teacher would go across eight life-long stages of career. More or less time would be spent in a given stage according as the organizational and personal environment influencers. These eight stages in the Fessler and Christiansen Teacher Career Cycle can be defined as Preservice, Induction, Competency Building, Enthusiastic and Growing, Career Frustration, Stability, Career Wind-Down, and