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UNIT 9 ASSIGNMENT 2 1
Offshore Accounts and Tax Benefits
Matthew Mattison

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UNIT 9 ASSIGNMENT 2 2
Question 1
As a chief financial officer (CFO), I think it is wrong to maintain offshore accounts and
tax benefits. The corporation's shareholders may have multiple reasons to condemn these
practices. According to the scenario guiding this assignment, the corporation fails to serve the
expected tax milestones because of its tax avoidance techniques. Tax avoidance refers to
corporations' legal acts or techniques to minimize the expenses incurred on taxation. Although
this method is regarded as legal, corporations use it to abuse tax laws following mollified
intentions.
Tax avoidance by maintaining offshore accounts tax benefits is an unethical practice by
corporations. Firstly, a corporation should pay taxes to its government following its size and the
government's expectations. This practice portrays an organization's loyalty to its country and
facilitates the growth of its country's economy. Additionally, corporations should consider their
responsibility to pay taxes as social responsibility (Congress.gov, 2017). Governments can use
the funds collected through taxation to provide such social services as education and health care.
Question 2
A corporation's board of directors' primary focus is to ensure that they please their
shareholders and let the shareholder’s interests drive their goals. In most cases, corporations
chase economic advantages throughout their operational periods. In such situations, shareholders
are the primary investors because their shares are the primary determinants of the corporation's
value. The board of directors determines the value of shares and other conditions followed in the
corporation.
Following the conditions discussed above, a board of directors often suggests that the
corporation should apply all the possible and legal techniques to maximize its value and increase

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UNIT 9 ASSIGNMENT 2 1 Offshore Accounts and Tax Benefits Matthew Mattison UNIT 9 ASSIGNMENT 2 2 Question 1 As a chief financial officer (CFO), I think it is wrong to maintain offshore accounts and tax benefits. The corporation's shareholders may have multiple reasons to condemn these practices. According to the scenario guiding this assignment, the corporation fails to serve the expected tax milestones because of its tax avoidance techniques. Tax avoidance refers to corporations' legal acts or techniques to minimize the expenses incurred on taxation. Although this method is regarded as legal, corporations use it to abuse tax laws following mollified intentions. Tax avoidance by maintaining offshore accounts tax benefits is an unethical practice by corporations. Firstly, a corporation should pay taxes to its government following its size and the government's expectations. This practice portrays an organization's loyalty to its country and facilitates the growth of its country's economy. Additionally, corporations should consider their responsibility to pay taxes as social responsibility (Congress.gov, 2017). Governments can use the funds collected through taxation to provide such social services as education and health care. Question 2 A corporation's board of directors' primary focus is to ensure that they please their shareholders and let the shareholder’s interests drive their goals. In most cases, corporations chase economic advantages throughout their operational ...
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