Amount of money Coca-Cola saved in taxes in 2010 from having a subsidiary in the Cayman Islands.
A - $500 million
B - $2.5 billion
C - $5 billion
D - $0
What is A?
100
The amount of the capital gains exemption.
What is $750,000?
100
This is how a corporation can raise more capital than a sole proprietorship or partnership.
What is by selling shares?
100
The slip that a corporation files taxes on.
What is a T2?
200
The country that Coca-Cola Enterprises pays taxes to.
What is world-wide?
200
The amount of the small business deduction.
What is $500,000?
200
A shareholder does not need to be actively involved to receive these.
What are dividends?
200
Corporate losses cannot be used against this type of income.
What is private income? They can only be used against corporate income.
300
Tax Rate of Cayman Islands.
What is 0%?
300
The net tax rate of a corporation claiming the SBD.
What is 11%?
300
This tax planning technique increases cash-flow by pushing tax payments to a later date.
What is tax deferral?
300
The lifespan of a corporation.
What is indefinite?
400
Average tax rate that Coke paid on earnings of over $14 billion.
What is 16.7%?
400
Amount that dividends are grossed up for a CCPC.
What is by 1.25?
400
This is what ITC stands for.
What is Investment Tax Credit?
400
When forming a corporation, these are transferred for shares.