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How tax-effective is Joy plan in shifting the income

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Reference no: EM132664221

Problem - Joy Marcus owns several income-producing assets, including a stock portfolio and a small services proprietorship. She wants to start up a new corporation in the country Molto, where the income tax rates are about one-third of those in the United States, and transfer all of her assets and operations there.

How tax-effective is Joy's plan in shifting the income from her activities when they are placed in the Molto corporation? Write a memo for the tax research file highlighting the Federal income tax rules that apply.

Reference no: EM132664221

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