Các câu hỏi liên quan đến thuế bằng tiếng anh Taxation

Tài liệu tổng hợp các câu hỏi thuwongf gặp về thuê Taxation. Các câu hỏi được trả lời chính xác dựa vào nguồn sách tin cậy được kiểm duyệt nên có độ chính xác cao. Tài liệu phù hợp cho học sinh, sinh viên ôn luyện thuế

TAXATION What is tax? What is taxation?  Tax is compulsory fee imposed on individuals or corporations by the government to finance public programs How are taxes classified?  Based on what imposed taxes: corporate income tax, personal income tax, custom duty, excise tax, payroll tax, inheritance tax/ capital transfer tax, capital gain tax, VAT, - Corporate Tax is the tax imposed on the profit of a business - Personal income tax is the tax imposed on personal income - Customs duty is the tax imposed on imports - Excise tax is imposed on specific goods and services - Payroll tax taxes are the taxes computed based on payrolls such as social insurance and health insurance - Inheritance tax (or capital transfer tax) is the tax levied on individuals who inherit the estate of a deceased person - Capital gain tax is the tax liable to profits made from the sale of assets - VAT (Value Added Tax) is the tax collected at each stage of production, excluding the already-taxed costs from previous stages  Based on tax rates: progressive taxes, regressive taxes - Progressive tax is the tax levied at a higher tax rate on a higher income - Regressive tax is the tax taking a larger percentage of income from lowincome earners than from high-come earners  Based on paying tax manner: direct tax, indirect tax - Direct taxes are taxes in which the tax payers have to contribute tax bills directly to the tax offices - Indirect taxes are taxes in which the last consumers have to incur, but producers contribute tax bills to the tax offices What are some functions of tax?  To raise government revenue:  Regulate the market economy  To control inflation - The functions of income taxes are to redistribute of income and encourage capital investment - The function of excise tax is to restrict the consumption of some special G & S - The function of customs duty is to protect the domestic production and ensure jobs for local people - The function of payroll tax is to ensure security and medicare What is tax heaven?  Tax heaven mean the country with the low tax rate What is laundering money?  Laundering money means you put the money in different company to disguise the ordination of money What is tax avoidance? Tax evasion?  Tax avoidance means reducing the amount of tax you pay to a legal minimum - Employees can receive perks known as loopholes in the tax law to avoid paying taxes - Tax deductibles are amount of money subtracted from taxable money - Tax shelter is investing a part of their income on pension plans, insurance policies or other investments to delay paying taxes  Tax evasion means making false or no declarations to tax authorities What are some ways for an individual/ company to avoid paying tax?