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accounting/ tax havens CCA practice test

Total questions: 28

Worksheet time: 23mins

Name
Class
Date
1.

What is "optimistation fiscale" in english

a)

tax evasion

b)

tax avoidance

c)

tax avis

d)

tax avoid

2.

Money (a)   is the act of cleaning dirty money (like you clean your clothes)

3.

A tax ____________________ is a place where taxes are lower

a)

heaven

b)

haven

c)

heeveen

d)

heathen

4.

If I put my money offshore...

a)

I pay lower taxes/no taxes

b)

I am not obliged to relocate my company

c)

It doesn't mean it will always be sunny

5.

Amazon is well known for its profit (a)   practices. This means objects bought on Amazon.fr are not taxed in France and profits are moved through Jersey for instance

6.

Which of these is a well known tax haven

a)

Peru

b)

Guatamala

c)

Jersey

d)

Yemen

7.

the GAFA are more commonly known as the silicon valley (a)   ?

8.

What is two weeks called in english

a)

fortenite

b)

fortnight

c)

for tonight

d)

tonight's gonna be a good night

9.

If there is a "backlash" - what does this mean?

a)

companies and people are super happy

b)

there is an economic boom

c)

there is a financial crisis

d)

some companies are not happy

10.

There is often a t_r_s_o_d amount that you have to go above to pay more tax.

(a)  

11.

An accountant can help get you a good tax ...

a)

arrangement

b)

deal

c)

setup

d)

regime

12.

Companies often need to b (a)   w money from banks

13.

"une entreprise" can be translated by...

a)

company

b)

compagny

c)

society

d)

enterprises

14.

It isn't easy to find a blue_____ for global tax reform

a)

plan

b)

print

c)

pain

d)

plum

15.

If a government endorses something

a)

it is against it

b)

it is for it

c)

it is fighting to combat it

d)

it is fighting to save lives

16.

another word for compromise is

a)

trade-in

b)

trade-on

c)

trade-up

d)

trade-off

17.

"benefices" in English can be translated by

(a)  

18.

Tax evasion is facilitated by the existence of tr_ _ _ _

(a)  

19.

a new tax deal has been...

a)

drawn-up

b)

drawn down

c)

drawn in

d)

drawed out

20.

If you want tax advice you need to go and see your....

a)

countable

b)

contable

c)

accontable

d)

accountant

21.

A group of people who are there to think up new and big ideas about a certain subject ar called a T_____ T____

(a)  

22.

There may be a _____________________ ___________ for new legislation

a)

sticking point

b)

stiking point

c)

striking point

d)

stifling point

23.

What are the three biggest tax havens?

a)

UK

b)

Ireland

c)

the Netherlands

d)

the USA

24.

A specialist who is able to give advice on matters of taxation

a)

clerk

b)

Management accountant

c)

tax advisor

25.

the tax which is due on personal earnings

a)

income tax

b)

VAT

c)

bookkeeper

26.
Discount is ____________ from the price.
a)
added
b)
divided
c)
subtracted
d)
Mr. Ed is very old
27.

____ is an agency of the U.S government that collects taxes and enforces tax laws

a)

The IFRS

b)

The IRS

c)

The CIA

28.

The one year period a company uses to calculate their annual financial statements and taxes

a)

Audit period

b)

Interim

c)

Fiscal Year