系统外部协调分为近外层和远外层协调，它们不同之处在于（）

Which of the following is INCORRECT according to the passage？

A．Excise tax is charged on cars.

B．There is a unified state tax laws.

C．Income tax increases as a person"s income increases.

D．Some states have both an income tax and a sales tax.

(ii) Briefly outline the tax consequences for Henry if the types of protection identified in (i) were to be

provided for him by Happy Home Ltd compared to providing them for himself. You are not required to

discuss the corporation tax (CT) consequences for Happy Home Ltd. (4 marks)

x？

A．They have the same percentage.

B．The percentage of the state tax is higher than that of the federal tax.

C．The percentage of the federal tax is higher than that of the state tax.

D．It is not mentioned in the passage.

tration of Taxation (State Tax Bureau)？

A.Enterprise income tax (EIT)

B.Individual income tax (IIT)

C.Land appreciation tax (LAT)

D.Business tax (BT)

(ii) State, giving reasons, the tax reliefs in relation to inheritance tax (IHT) and capital gains tax (CGT) which

would be available to Alasdair if he acquires the warehouse and leases it to Gallus & Co, rather than to

an unconnected tenant. (4 marks)

risdiction. This tax, therefore, if viewed as tax on income, has the reverse effect of the federal income tax: the lower the income, the higher the annual percentage rate at which the income is taxed. The conclusion above would be properly drawn if which of the following were assumed as a premise？

A．The amount of money citizens spend on products subject to the state tax tends to be equal across income levels.

B．The federal income tax favors citizens with high incomes, whereas the state sales tax favors citizens with low incomes.

C．Citizens with low annual incomes can afford to pay a relatively higher percentage of their incomes in state sales tax, since their federal income tax is relatively low.

D．The lower a state"s sales tax, the more it will tend to redistribute income from the more affluent citizens to the rest of society.

E．Citizens who fail to earn federally taxable income are also exempt from the state sales tax.

(ii) State when the inheritance tax (IHT) calculated in (i) would be payable and by whom. (2 marks)

(b) State the immediate tax implications of the proposed gift of the share portfolio to Avril and identify an

alternative strategy that would achieve Crusoe’s objectives whilst avoiding a possible tax liability in the

future. State any deadline(s) in connection with your proposed strategy. (5 marks)

A．Because the？state？tried to？enforce？a？monopoly？on？ideas,？intellectuals？were both at great？risk？and terrifically？influential.

B．It was not？easy？to？persuade？the？monarchy？to？let？go of its？monopoly？of？power.

C．It is？poor？families？who are usually？stuck？with the？worst？consequences？of school？monopoly？and bureaucratization.

D．Tax？concessions？for new companies and the end of the state？monopoly？on import-export trade were also？announceD．

(a) Phi Ltd is a company set up in Guangzhou. In 2014 Phi Ltd incurred the following expenses:

(1) A consultancy fee of RMB3,500 for services provided in China paid to Mr Xie, who is a China tax resident.

(2) A consultancy fee of RMB70,000 for services provided in China paid to Ms Ma, who is not a China tax resident.

(3) A royalty of RMB80,000 paid to Deji Ltd, which is a China tax resident enterprise.

(4) A royalty of RMB90,000 paid to Backa Ltd, which is not a China tax resident enterprise.

Required:

For each of the four payments, state whether Phi Ltd will be a withholding agent for income tax, and where Phi Ltd is the withholding agent, calculate the amount of income tax to be withheld.

Note: Ignore value added tax and business tax, and any tax incentives available under tax treaties. (7 marks)

(b) Jack has set up an e-shop selling goods via an internet platform. His total sales in 2014 were RMB400,000. He did not register with the tax authorities or pay any taxes in 2014. This was discovered by the tax bureaus in 2015.

Required:

State the possible consequences Jack may be exposed to under the Tax Collection and Administrative Law, as a result of his failure to comply with the tax registration and tax payment requirements. (3 marks)