Final Control

1. What are taxes and why is it necessary for every person and entity to pay them?

2. Where do governments provide money from the budget for?

3. What kinds of taxes are usually charged by governments?

4. What are the tax authorities and what are their functions (USA, GB and Russia)?

5. Where do taxpayers show their income during the year?

6. How often do taxpayers have to report their income and show they have properly paid the taxes?

7. How is the income tax of a sole proprietor calculated and what deductions are allowed to be made?

8. How do American corporations pay taxes?

9. What does tax minimization mean? What is tax planning?

10. Why do tax authorities allow some entities to have a tax holiday or tax breaks?

11. How can a tax lawyer help the clients?

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