In a short 4 to 6 sentence post a substantive response

Assignment Help Taxation
Reference no: EM13995114

1. In a short 4 to 6 sentence post a substantive response to this article (A study conducted by WalletHub analyzed the S&P 500 companies' tax bills, and WalletHub discovered that five energy corporations were in the top 10 for the highest tax bills. These companies included Anadarko Petroleum, Devon Energy and ConocoPhillips (Hardiman, 2015). 

The corporate tax rate in the U.S. is high, and this causes companies to seek refuge in the international markets. While some corporations have the luxury to outsource, U.S. energy corporations cannot take advantage of that. Their products and workers are within the U.S., according to WalletHub analyst Jill Gonzalez. Multinational corporations take advantage of off-shore transfer payments to reduce their tax rate. This method involves these corporations creating foreign subsidiaries to mine or produce raw materials within countries with lower tax rates, and then the U.S. entity buys the raw materials above costs (Hardiman, 2015).

References

Hardiman, S. (2015, October 24). Energy companies hit with higher tax bills, study finds. Retrieved October 26, 2015, from Tusla World: http://www.tulsaworld.com/business/energy/energy-companies-hit-with-higher-tax-bills-study-finds/article_d4ff186b-4966-5f01-8a5f-32ff8f5bd162.html)

2. Can you summarize this article so my classmates can response to the article. http://www.dailyfinance.com/2015/02/28/danger-lying-contributions-taxes/

 

Reference no: EM13995114

Prepare a current year partnership tax return

Prepare a current year partnership tax return for Dapper-Dons Partnership - The Dapper-Dons Partnership was formed ten years ago as a general partnership to custom tailor men

Preparing the tax return by hand

ACCT 3152-001 Tax Return Project. You should use 2015 rates if you are preparing the return by hand. The forms can be obtained from the IRS website at www.irs.gov. The forms

Discuss and critically analyse the court

HI6028 Taxation, Theory, Practice & Law - Discuss and critically ANALYSE the court/tribunal decision and the reason for the decision in view of the corresponding Act (e.g. GS

Adjusted gross income

Kris, age 49, is unmarried, Her daughter, Katherine, age 26, is a graduate student at Kansas University. Kris paid for 80% of the cost of Katherine's schooling in 2016, includ

Can emily qualify as her parents dependent explain

Emily and Tony are recently married college students. Can Emily qualify as her parents' dependent? Explain. Compare and contrast the relationship test requirements for a q

What sales volume is needed to earn an after-tax net income

1. what is the breakeven point in cards 2. What sales volume is needed to earn an after-tax net income of $13,028.40 3. How many cards must be sold to earn an after-tax net in

Calculate the income tax payable for 2013

Migor Company (MC)-a Canadian company whose shares trade on a Canadian stock exchange-designs and builds custom-ordered precision machinery. MC is a publicly accountable

What gain or income do gail and john recognize on exchange

What gain or income do Gail and John recognize on the exchange? What is Titan's basis in the property transferred by Gail and Jane? How does Titan treat the value of the accou

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd