Essay, Finance and Accounting
“Let there be one international tax framework like the (IFRS) International Financial Reporting Standards and there will be no tax avoidance issues”. Discuss this statement.
First, this IFRS is just an example of an international framework, which itself is not used in the tax aspects
It is not tax framework, so is not written on the IFRS for arguments. Second, the emphasis on international tax framework, was written for and against,
Then write if possible, rather than written comparative advantages and disadvantages, because there is no formal tax framework exists, the advantages and disadvantages are later used to being concluded.
We expect you to present arguments both for and against this proposal and also discuss if such a framework is possible or not possible,
Please limit yourself to presenting four arguments in total along with a brief discussion of the possibility of all countries agreeing on such a framework
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