Thursday, 5 November 2015

Cima F1 Exam Question No 28

Question No 28:

Which of the following methods could be used by a tax authority to reduce tax evasion and avoidance?

Increase tax rates to compensate for losses due to evasion.
Reduce penalties for avoidance.
Reduce requirements to have tax returns audited.
Simplify the tax structure, minimizing allowances and exemptions.

Answer: D

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