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companies are spritzer berhad and shangri -la hotels berhad

your co do so will result to zero marks awarded for this assignment. You are then required to download recent annual reports of each company to address the following requirements. Required: 1. Compare and contrast accounting profit, taxable profit and tax return between both companies for 2019 and 2020. (15 marks) 2. Based on (1), critically discuss tax planning position of each company across the two years. (8 marks) 3. Based on (1) and (2), compare and contrast (between companies) the tax items that contributed to the tax expense paid by the companies. (15 marks) 4. Various incentives and schemes for companies have been proposed in the Budget 2021 to assist the companies during the economic downturn. Based on your answer in (1), (2) and (3), critically evaluate the effectiveness of these schemes in reducing the tax expense of the 2 companies that you have selected. (15 marks) 5. Malaysian tax system was in need of reform in previous years, Covid-19 pandemic, Movement Control Order (MCO) downturns, and the fall in petroleum prices, further show the weakness of the current taxation system in both direct taxes and indirect taxes contexts. Based on your answer in (4), reflect on the need for tax incentives and assistance for companies compared to 13 the need for collection of tax revenue. You are required to support your answer with at least three (3) academic research articles. (15 marks) 6. Based on your answer from (1) to (5), assess whether the Malaysian tax system design reflects "efficiency principle" of Adam Smith's canons of taxation. (12 marks) 7. Provide a table to summarise your discussions in (1) to (6) to establish a clear connection between arguments. Please use the question number as the title of the columns. (10 marks) your co do so will result to zero marks awarded for this assignment. You are then required to download recent annual reports of each company to address the following requirements. Required: 1. Compare and contrast accounting profit, taxable profit and tax return between both companies for 2019 and 2020. (15 marks) 2. Based on (1), critically discuss tax planning position of each company across the two years. (8 marks) 3. Based on (1) and (2), compare and contrast (between companies) the tax items that contributed to the tax expense paid by the companies. (15 marks) 4. Various incentives and schemes for companies have been proposed in the Budget 2021 to assist the companies during the economic downturn. Based on your answer in (1), (2) and (3), critically evaluate the effectiveness of these schemes in reducing the tax expense of the 2 companies that you have selected. (15 marks) 5. Malaysian tax system was in need of reform in previous years, Covid-19 pandemic, Movement Control Order (MCO) downturns, and the fall in petroleum prices, further show the weakness of the current taxation system in both direct taxes and indirect taxes contexts. Based on your answer in (4), reflect on the need for tax incentives and assistance for companies compared to 13 the need for collection of tax revenue. You are required to support your answer with at least three (3) academic research articles. (15 marks) 6. Based on your answer from (1) to (5), assess whether the Malaysian tax system design reflects "efficiency principle" of Adam Smith's canons of taxation. (12 marks) 7. Provide a table to summarise your discussions in (1) to (6) to establish a clear connection between arguments. Please use the question number as the title of the columns. (10 marks)

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