Your friend Carlos often asks you about tax avoidance strategies. He heard that he can reduce his

Question:

Your friend Carlos often asks you about tax avoidance strategies. He heard that he can reduce his taxes by putting his investments in a corporation and asks you whether this is true. Explain to Carlos the issues surrounding this strategy.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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