Archive for category: Business paper

This is a paper that is focusing on The QSBC and Capital Gains Exemption problem. The paper also provides several problems to address in the assignment paper.

The QSBC and Capital Gains Exemption problem

ASSIGNMENT 2 – Chapter 13
Shareholder-Manager Remuneration and Tax Planning for the Owner-Manager
3 Problems x 10 points = 30 Points Total.

Assignment

Problem 1 – Tax On Split Income (TOSI) 10 Points
LauCo carries on an active business supplying parts to an auto parts manufacturer.  The sole shareholder of LauCo is Holdco.  The shareholders of Holdco are Parent A, Parent B, Child 1 and also Child 2.  Parent A, Parent B, Child 1 and Child 2 each owns a separate class of shares of Holdco.  Parent A is the founder of Opco’s business and is the controlling shareholder of Holdco.

·         Child 1 is age 23 and is a full-time graduate student at a university. Also, is away from home for most of the year either attending classes during the school term or working part-time as a research assistant during the summer.  Child 1 has never performed any functions for Holdco or Opco and has not made any other contribution to Holdco or Opco and its business.

·         Child 2 is age 16 and is a high school student.
·  LauCo pays a dividend to Holdco. Holdco declares and also distributes a dividend on the class of shares held by Child 1 and Child 2.
Please write an email to your tax client describing the implications of the 2018 TOSI rules and Kiddie Tax on the dividend income received by Child 1 and Child 2. Although income splitting is greatly restricted as a result of the expanded TOSI rules, there are some exceptions which still allow individuals to benefit from income splitting with family members. In your email, be sure to discuss the TOSI exclusions pertaining to “business”, “shares”, and also “ labour or reasonable return.”

The QSBC and Capital Gains Exemption problem

Problem 2: QSBC and Capital Gains Exemption – 10 Points
Part A: Firstly, describe the three tests to qualify as QSBC share status and identify the tax implications and tax planning considerations of qualifying for QSBC (consider passive income limitations).
Part B: Secondly, do problem 13-2. (“ Karen would like to know whether, if she sold her shares of Cyber Corp, she would be able to claim the capital gains exemption on the sale. If they do not qualify for the CGE then she wants to know if there is anything that can be done to qualify?”)

Problem 3: Tax Planning versus Tax Evasion: General Anti Avoidance Rule ITA 245.
10 Points
Canadian law has a long-standing and firmly held principle upholding an individual’s right to tax planning. This is known as the Westminster Principle. This principle states that a taxpayer is to arrange his or her affairs in such a way that results in the lowest amount of taxes payable.

The anti-avoidance provisions in the Income Tax Act are to prevent taxpayers from structuring a transaction solely to achieve a tax benefit. The GAAR can invalidate a transaction if the Court decides the transaction or a series of transaction were made with the sole purpose of achieving a tax benefit. Consequently, the application of GAAR by Canadian judges has led some taxpayers to question the extent to which tax minimization is possible. The Supreme Court of Canada has set out a three-part test to determine whether or not to apply the GAAR:

1.      Firstly, whether there is a tax benefit arising from a transaction;
2.      Secondly, whether the transaction is an avoidance transaction “arrange primarily for bona fide purposes other than to obtain the tax benefit”; and
3.      Thirdly, whether the avoidance transaction is abusive.

Required:

Please find a recent example of a Canadian GAAR ruling. Summarize the case using the definitions provided under ITA section 245. Also, the GAAR application logic in your textbook, and/or other reputable sources. (e.g., tax court rulings, common law, business ethics theories etc…). Additionally, please state your position in support or against the ruling with supporting reasoning. Be sure to reference all relevant citations.

Learning Outcomes Assessed: LO1 Examine critically the overall concept of Supply Chain Management. LO2 Critically evaluate and analyse the supply chain.

LO1 Examine critically the overall concept of Supply Chain Management

Learning Outcomes Assessed: LO1 Examine critically the overall concept of Supply Chain Management. LO2 Critically evaluate and analyse the supply chain. LO3 Analyse and explore the role of organisational strategy within supply chain development. LO4 Identify and reflect on the influence which supply chain management has on the achievement of competitive advantage.

Type of Assessment: The assignment for this module consists of a 3,000 word (+/- 10%) report to the Manager of a Logistics/SCM within the student’s organisation. You will select an appropriate SC problem within their organisation which is affecting competitive advantage and, through the application of appropriate academic models and theory, together with associated critical analysis develop and justify possible solutions. A report including a prepared PPT of around 10 slides (to support the recommendations) will be produced for the manager of logistics/SCM which recommends ways in which these areas could be developed to cope with future global, strategic challenges.

Length of Assessment: 3000 words (10 slides). Assessment Weighting: 100% Due Date: To be confirm with the module tutor.

Additional Assessment Information:

Identify and analyse a suitable SC within your organisation and identify at least 2 areas of the associated operation which have a significant impact on overall end value. Having done this, and with reference to current academic thinking, tools and techniques, produce a report for the Head of logistics/SCM which recommends ways in which these areas could be developed to cope with future strategic challenges. You should include sufficient background information, supporting data and analysis to underpin your views and to [SSCM] [BUS3154M] 24.

Demonstrate achievement of the modular Learning Outcomes as set out in this Student Guide.
You will find that the notes that you were advised to make as you completed the earlier tasks associated at the end of the individual academic topics will now help as you develop your final submission. So be sure to refer to these at this stage and go back and revisit the topics as/when required.

In support you should also produce a 20 minute Power Point presentation for your organisation’s Executive Board which sets out the selected SC, issues and suggested solutions. Please note you will not be expect ed to deliver the presentation but to just prepare it for delivery. Be sure to underpin all analysis and suggested developments with appropriate, relevant and topical academic source material. This presentation should be include d as an Annex to the final report. Given the time limit for the presentation, we would suggest a maximum of 10 power point slides. Would also expect you to include notes on your slides. Hence the final Annex should take the form of Power Point Notes pages.

The theme for your essay is ‘The Impacts of the Social Media on Language and Communication in Asia’. Write a short essay of 1,400 words, excluding references and appendices, on one particular country (out of four discussed in this unit) that interests you other than the country for your group presentation.

The Impacts of the Social Media on Language and Communication in Asia

Write a short essay of 1,400 words, excluding references and appendices, on one particular country (out of four discussed in this unit) that interests you other than the country for your group presentation.
Your essay should describe the development of social media in that particular country and how this development affects the way people communicate in that society.

Your essay should show the following points:

1.            The fluid nature of Asian society;
2.            The emergence of social media and English in that country; and
3.            How this development affects the way people communicate in that country. (For example, in terms of new language, new identities, language policy etc.).

The content should be relevant to the materials as well as the countries discussed in the unit, coherent, stimulating, insightful and well-structured, properly presented and referenced appropriately. Sources of research should be predominately formal publications – there is no prescribed number of references you use as long as they are relevant to your topic. The references used should also show that the student has shown initiative in looking for materials, and the essay should incorporate the sources cited (in-text referencing), where relevant.

Requirements:

Firstly, Analysis of text using relevant literature

Secondly, Comments on the fluid nature of Asian society;

Thirdly, Comments on the emergence of social media and English (and other languages) in that country;

Further, Comments on how this development affects the way people communicate in that country. (For example, in terms of new language, new identities, language policy etc.).

Reference to related research in the area.

Cohesiveness of the paper/ Technical accuracy- language/references

Sam Strother and Shawna Tibbs are vice presidents of Mutual of Seattle Insurance Company and co-directors of the company’s pension fund management division. An important new client, the North-Western Municipal Alliance, has requested that Mutual of Seattle present an investment seminar to the mayors of there presented cities, and Strother and Tibbs, who will make the actual presentation, have asked you to help them by answering the following questions.

Sam Strother and Shawna Tibbs are vice presidents of Mutual of Seattle Insurance

Sam Strother and Shawna Tibbs are vice presidents of Mutual of Seattle Insurance Company and co-directors of the company’s pension fund management division. An important new client, the North-Western Municipal Alliance, has requested that Mutual of Seattle present an investment seminar to the mayors of there presented cities, and Strother and Tibbs, who will make the actual presentation, have asked you to help them by answering the following questions.

a.       What are the key features of a bond?

b.      What are call provisions and sinking fund provisions? Do these provisions make bonds more or less risky?

c.       How does one determine the value of any asset whose value is based on expected future cash flows?

d.      How is the value of a bond determined? What is the value of a 10-year, $1,000 par value bond with a 10% annual coupon if its required rate of return is 10%?

e.      (1) What would be the value of the bond described in Part d if, just after it had been issued, the expected inflation rate rose by 3 percentage points, causing invest or store to require 13% return? Would we now have a discount or a premium bond?

(2) What would happen to the bond’s value if inflation fell and rd declined to 7%? Would we now have a premium or a discount bond?

(3) What would happen to the value of the 10-year bond over time if the required rate of return remained at 13%? If it remained at 7%? (Hint: With a financial calculator, enter PMT, I/YR, FV, and N, and then change N to see what happens to the PV as the bond approaches maturity.)

f.        (1) What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $887.00? That sells for $1,134.20? What does the fact that a bond sell sat a discount or at a premium tell you about the relationship between rd and the bond’s coupon rate?

(2) What are the total return, the current yield, and the capital gains yield for the discount bond? (Assume the bond is held to maturity and the company does not default on the bond.)

In completing this assignment, you should discuss both theoretical and practical risk management strategies and how these can assist in minimising risk for your project.

Discuss both theoretical and practical risk management strategies

Assessment task details and instructions
The ‘management of risk’ is perhaps easier to understand in theory rather than manage in practice. It is a complex and complicated idea, especially in terms of how we are to manage it. How can we define what we mean by ‘risk’ and how can it be managed successfully in large and small projects? You are require d to critically analyse the concept of risk; discuss how it can be measured and ranked and outline how a project risk management strategy may be constructed for an international telecommuncations project involving stakeholders in Europe, Saudi Arabia and the United States. In completing this assignment, you should discuss both theoretical and practical risk management strategies and how these can assist in minimising risk for your project.

You will need to take the following into account when completing your assignment.

Firstly, Establishment of relevant theory. (E.g. what do we mean by risk in a project management context and what is the relationship between risk and risk management in theoretical terms; and how do individual attitudes to risk interact with organisational risk appetite?).

Secondly, Allocation of credit and sources used; (have I included references and citations to the material I have used?);

Thirdly, Clarity of argument and relevance to the project management context

Fourthly, Overall report presentation including spelling and grammar.

Lastly, Adherence to nominated word limit.

NB:

Please add CRN, your name and student identity number to the header of each page of your report.

Please ensure you put your word count on your title page.

University lateness and plagiarism rules apply.

Please follow a report format.  Therefore, you should have a title page, contents page, sections and sub sections, page numbers, appendix section etc.  Please note if you are uncertain on how to present and structure a report then visit the university library and ask for assistance.

Please do use diagrams, illustrations, tables, graphics etc..

Wherever these are helpful, and remember that these do not count towards your word limit. If you do use these, please do not put them in the appendices if they are part of your discussion.  Appendices are the appropriate places to put supporting material. However, remember if the reader is satisfied with the main points of your discussion; the supporting information within the appendices may not even be reviewed.

Please try to use theory explicitly at all stages, but do not spend too much time describing a theory. While you must be explicit about the theories, models, techniques etc.. That you use, you can assume that the reader is familiar with them. What the reader requires is evidence of your ability to understand and apply the theory and learn from in order to support the development of your findings and/or ideas.
You must cite all sources on which you have relied, for example textbooks, journal articles, web pages etc. using the Harvard Bibliographic referencing system. If you do not cite all sources, then you may be accuse d of plagiarism, and that may endanger your success in passing the module. If you are in any doubt about how to reference your work, please obtain guidance from the library and/or your academic librarian(s) for this module.