Tax Avoidance and Corporate Strategies

Tax Avoidance and Corporate Strategies

Assessment

Interactive Video

Business

11th - 12th Grade

Hard

Created by

Patricia Brown

FREE Resource

The video discusses the current state of corporate tax in the U.S., highlighting how some of the most profitable companies pay little to no federal corporate income taxes. It explains the legal tax breaks and strategies these corporations use, such as tax credits, accelerated depreciation, and offshoring. The video uses Amazon as a case study to illustrate these practices. It also explores potential policy solutions, including strengthening the IRS and implementing minimum corporate taxes, to address these issues and ensure fairer tax contributions from corporations.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main issue with the current U.S. tax code as discussed in the video?

It is too complex for small businesses.

It allows profitable companies to avoid federal corporate income taxes.

It has too many loopholes for individual taxpayers.

It is outdated and not aligned with international standards.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much did Amazon reportedly pay in federal income tax over four years?

$11 billion

$4 billion

$79 billion

$129 million

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between book income and taxable income?

Book income is reported to shareholders, while taxable income is used for tax calculations.

Book income is for tax purposes, while taxable income is for shareholders.

Book income includes all expenses, while taxable income excludes them.

Book income is always higher than taxable income.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a tool used by companies to reduce taxable income?

Stock buybacks

Accelerated depreciation

Dividend payments

Employee bonuses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of accelerated depreciation?

To allow immediate deduction of large investments

To defer tax payments to future years

To reduce employee compensation costs

To increase the book income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common strategy for U.S. companies to avoid higher taxes?

Investing in domestic infrastructure

Increasing employee salaries

Reducing operational costs

Shifting profits to tax havens

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country is NOT mentioned as a tax haven in the video?

Luxembourg

Germany

Ireland

Cayman Islands

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