Income Splitting

STP – Feb 2020 – L2 – Q5 – Anti-Avoidance Provisions

Identify and discuss three anti-avoidance provisions in the Income Tax Act, 2015 (Act 896) and their limitations on tax planning.

Question

Although tax planners have the liberty to devise schemes which reduce the tax liability of their clients, the Income Tax Act, 2015 (Act 896) contains provisions which limit tax planning schemes.

Required:
Identify any three (3) anti-avoidance provisions in Act 896 and discuss how each of these provisions places a limitation on the ability of a person to engage in tax planning.

Answer

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Tags: Accounting Year, Anti-Avoidance, Arm's Length, General Anti-Avoidance Rule, Income Splitting, Income Tax Act, Indirect Payments, Tax Planning, Thin Capitalization
Level: Level 2

Topic: Taxation and Operating Strategies in Business
Series: FEB 2020

STP – Aug 2020 – L2 – Q1 – Tax Planning vs. Tax Avoidance

Discuss distinction between tax planning and tax avoidance under Ghanaian tax law with examples and references.

Question

The Council of the Chartered Institute of Taxation, Ghana (CITG) has invited you to speak at a Continuous Development Program (CPD) on the topic “The distinction between tax planning schemes and tax avoidance arrangements under Ghanaian tax laws”.
In the letter of invitation, the Council indicated that you are to submit a detailed write-up of your presentation.

Required
With the aid of appropriate examples and specific references to Ghanaian tax law provisions, write in sufficient detail, the content of your presentation.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghanaian Tax Law, Income Splitting, Income Tax Act, Revenue Administration Act, Tax avoidance, Tax Exemptions, Tax Planning, Thin Capitalization, Transfer Pricing
Level: Level 2

Topic: Foundations of Strategic Tax Planning
Series: AUGUST 2020

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

Question

State and explain three (3) anti-avoidance provisions found in the Income Tax laws of Ghana and how these provisions place a limitation on the tax planning opportunities available to taxpayers.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Avoidance, Arm's Length, Income Splitting, Income Tax, Tax Planning, Thin Capitalization
Level: Level 2

Topic: Taxation and Operating Strategies in Business
Series: FEBRUARY 2021

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

Question

As part of measures to fight back base erosion and profit shifting, Parliament of Ghana has legislated against profit splitting.

Required:
Evaluate the impact of income splitting as an anti-tax avoidance measure.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Tax Avoidance, Income Splitting, Profit Shifting
Level: Level 3

Topic: Anti-avoidance measures
Series: MAY 2021

STP – Feb 2020 – L2 – Q5 – Anti-Avoidance Provisions

Identify and discuss three anti-avoidance provisions in the Income Tax Act, 2015 (Act 896) and their limitations on tax planning.

Question

Although tax planners have the liberty to devise schemes which reduce the tax liability of their clients, the Income Tax Act, 2015 (Act 896) contains provisions which limit tax planning schemes.

Required:
Identify any three (3) anti-avoidance provisions in Act 896 and discuss how each of these provisions places a limitation on the ability of a person to engage in tax planning.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Year, Anti-Avoidance, Arm's Length, General Anti-Avoidance Rule, Income Splitting, Income Tax Act, Indirect Payments, Tax Planning, Thin Capitalization
Level: Level 2

Topic: Taxation and Operating Strategies in Business
Series: FEB 2020

STP – Aug 2020 – L2 – Q1 – Tax Planning vs. Tax Avoidance

Discuss distinction between tax planning and tax avoidance under Ghanaian tax law with examples and references.

Question

Required
With the aid of appropriate examples and specific references to Ghanaian tax law provisions, write in sufficient detail, the content of your presentation.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ghanaian Tax Law, Income Splitting, Income Tax Act, Revenue Administration Act, Tax avoidance, Tax Exemptions, Tax Planning, Thin Capitalization, Transfer Pricing
Level: Level 2

Topic: Foundations of Strategic Tax Planning
Series: AUGUST 2020

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

Question

State and explain three (3) anti-avoidance provisions found in the Income Tax laws of Ghana and how these provisions place a limitation on the tax planning opportunities available to taxpayers.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Avoidance, Arm's Length, Income Splitting, Income Tax, Tax Planning, Thin Capitalization
Level: Level 2

Topic: Taxation and Operating Strategies in Business
Series: FEBRUARY 2021

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

Question

As part of measures to fight back base erosion and profit shifting, Parliament of Ghana has legislated against profit splitting.

Required:
Evaluate the impact of income splitting as an anti-tax avoidance measure.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Anti-Tax Avoidance, Income Splitting, Profit Shifting
Level: Level 3

Topic: Anti-avoidance measures
Series: MAY 2021

Question Tag: Income Splitting

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STP – Feb 2020 – L2 – Q5 – Anti-Avoidance Provisions

Identify and discuss three anti-avoidance provisions in the Income Tax Act, 2015 (Act 896) and their limitations on tax planning.

STP – Aug 2020 – L2 – Q1 – Tax Planning vs. Tax Avoidance

Discuss distinction between tax planning and tax avoidance under Ghanaian tax law with examples and references.

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

STP – Feb 2020 – L2 – Q5 – Anti-Avoidance Provisions

Identify and discuss three anti-avoidance provisions in the Income Tax Act, 2015 (Act 896) and their limitations on tax planning.

STP – Aug 2020 – L2 – Q1 – Tax Planning vs. Tax Avoidance

Discuss distinction between tax planning and tax avoidance under Ghanaian tax law with examples and references.

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

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Question Tag: Income Splitting

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STP – Feb 2020 – L2 – Q5 – Anti-Avoidance Provisions

Identify and discuss three anti-avoidance provisions in the Income Tax Act, 2015 (Act 896) and their limitations on tax planning.

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STP – Aug 2020 – L2 – Q1 – Tax Planning vs. Tax Avoidance

Discuss distinction between tax planning and tax avoidance under Ghanaian tax law with examples and references.

You're reporting an error for "STP – Aug 2020 – L2 – Q1 – Tax Planning vs. Tax Avoidance"

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

You're reporting an error for "STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies"

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

You're reporting an error for "AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures"

STP – Feb 2020 – L2 – Q5 – Anti-Avoidance Provisions

Identify and discuss three anti-avoidance provisions in the Income Tax Act, 2015 (Act 896) and their limitations on tax planning.

You're reporting an error for "STP – Feb 2020 – L2 – Q5 – Anti-Avoidance Provisions"

STP – Aug 2020 – L2 – Q1 – Tax Planning vs. Tax Avoidance

Discuss distinction between tax planning and tax avoidance under Ghanaian tax law with examples and references.

You're reporting an error for "STP – Aug 2020 – L2 – Q1 – Tax Planning vs. Tax Avoidance"

STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies

Explain three anti-avoidance provisions in Ghana's Income Tax laws and their impact on tax planning.

You're reporting an error for "STP – Feb 2021 – L2 – Q4 – Taxation and Operating Strategies"

AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures

Evaluate the impact of income splitting as an anti-tax avoidance measure.

You're reporting an error for "AT – May 2021 – L3 – Q2c – Anti-Avoidance Measures"

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