a Tax avoidance and tax evasion are two very different concepts. Compare and con

Question

a Tax avoidance and tax evasion are two very different concepts. Compare and contrast tax avoidance and tax evasion. Give two examples for each to support your discussion. (16 marks)
b Under the Inland Revenue Ordinance, there are many provisions targeting anti-avoidance activities. While specific anti-avoidance provisions tackle specific situations or industries, there are general anti-avoidance provisions which have wide application in different situations. Briefly explain the general anti-avoidance provisions and cite one practical example for each of the general anti-avoidance provisions to illustrate its application. (9 marks)

Explanation / Answer

Answer:a

The following are the major differences between Tax avoidance and Tax Evasion:

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