Question: Why do some of the largest businesses in the world avoid paying taxes,...
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Question: Why do some of the largest businesses in the world avoid paying taxes, and how could new accounting rules potentially mitigate this practice? A Due to exploiting tax loopholes and utilizing complex offshore tax structures, and new accounting rules may increase transparency and disclosure requirements, making tax avoidance strategies more difficult to implement. B Because they prioritize maximizing profits and shareholder returns, and new accounting rules may incentivize ethical tax practices and increase penalties for noncompliance. C As a result of lobbying efforts to influence tax legislation in their favor, and new accounting rules may provide clearer guidelines for tax reporting and enforcement, reducing opportunities for tax avoidance. D Because they face intense competition and global market pressures, and new accounting rules may introduce stricter regulations and oversight, discouraging aggressive tax planning strategies.
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Why do some of the largest businesses in the world avoid paying taxes, and how could new accounting rules potentially mitigate this practice?
A Due to exploiting tax loopholes and utilizing complex offshore tax structures, and new accounting rules may increase transparency and disclosure requirements, making tax avoidance strategies more difficult to implement.
B Because they prioritize maximizing profits and shareholder returns, and new accounting rules may incentivize ethical tax practices and increase penalties for noncompliance.
C As a result of lobbying efforts to influence tax legislation in their favor, and new accounting rules may provide clearer guidelines for tax reporting and enforcement, reducing opportunities for tax avoidance.
D Because they face intense competition and global market pressures, and new accounting rules may introduce stricter regulations and oversight, discouraging aggressive tax planning strategies.
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