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

Tax Avoidance and Corporate Strategies

Interactive Video
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Business
•
11th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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It is outdated and not aligned with international standards.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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