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Macau Periodical Index (澳門期刊論文索引)
- Author
- Krever, Richard
- Title
- Managers and their lawyers: minimizing tax, maximizing ethics, and the business decision-making process
- Journal Name
- 澳門科技大學學報
- Pub. Info
- Jun. 2007, Vol.1, No.1, pp. 93-99
- Keyword
- tax avoidance；tax evasion；transfer-pricing；business ethics
- Abstract
- Abstract : Company managers will encounter numerous opportunities to reduce their companies' income tax budens. How they should react to those opportunities is a question of both ethics and business judgment. Truly artificial transactions with no underlying commercial purpose apart from tax minimisation cross over the thresholds of both acceptable ethical behaviour and sound business practice. There are, however, many instances where the intent or meaning of the tax alternative interpretations. Some argue that attracts the least tax. While this may look logical in the short term, it may be an example of poor long-term business judgement. The preferable approach from a business judgement perspective may be to bear a small amount of additional tax now to avoid raising the ire of the tax authorities and face continual scrutiny and investigation over th longer term. Paragraph Headings： 1. Introduction 2. Why taxes may not track profits 3. The tax planning to tax evasion spectrum 3.1. The tax law itself provides clear alternatives to taxpayers 3.2. Tax rules involving inherent uncertainty 3.3. Engineered business transactions 3.4. Tax-avoidance schemes 4. The bottom line: tax issues as business questions