This preview shows page 1. Sign up to view the full content.
Unformatted text preview: and transfer income to a different entity for tax purposes * Potential tax advantages may be denied if the activities are considered to be a misuse or abuse of the income tax system * Business people must recognized that in order to plan their taxes, one must be able to acquire a certain amount of tax knowledge and certain general skills if decisions are to be effective and creative * The factor to all these skills is cash ow...
View Full Document
This note was uploaded on 02/05/2012 for the course ACC 522 taught by Professor A.vena during the Spring '11 term at Ryerson.
- Spring '11