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16 1 pts Explain what is meant by Tax Planning and describe a scenario where there is an opportunity for tax planning. Analyse the choices

16 1 pts Explain what is meant by "Tax Planning" and describe a scenario where there is an opportunity for tax planning. Analyse the choices available to the taxpayer(s) (individual or corporate). You should include relevant calculations to support your explanation. Reflect on how governments may design a tax system to enable tax planning, whilst discouraging tax avoidance. Marks will be awarded for relevant citations. (15 marks) Edit View Insert Format Tools Table 12pt v Paragraph BIU A T v

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