3. Consult Holding Group is company of which the sole shareholder is Mr Smith. The company is engaged in provision of financial advice. In 2019 Consult Holding Group earned a profit of 0.5m . In 2020 it distributed 0.2m of dividends. In addition, it spent 0.1m on acquisition of a complex IT-system which monitors various markets in real time, and a further 0.1m on acquisition of a Mercedes Benz which is currently used by Mrs Smith (who is not on the staff of Consult Holding Group). The rate of corporate income tax is 20%. 3.1. What would be the taxable event for corporate income tax if the classical system applied (assume that the system does not entail the payment of any advance corporate tax)? How much corporate income tax would be due? 3.2. What would be the taxable event for corporate income tax if the distribution-based system applied? How much corporate income tax would be due? 3. Consult Holding Group is company of which the sole shareholder is Mr Smith. The company is engaged in provision of financial advice. In 2019 Consult Holding Group earned a profit of 0.5m . In 2020 it distributed 0.2m of dividends. In addition, it spent 0.1m on acquisition of a complex IT-system which monitors various markets in real time, and a further 0.1m on acquisition of a Mercedes Benz which is currently used by Mrs Smith (who is not on the staff of Consult Holding Group). The rate of corporate income tax is 20%. 3.1. What would be the taxable event for corporate income tax if the classical system applied (assume that the system does not entail the payment of any advance corporate tax)? How much corporate income tax would be due? 3.2. What would be the taxable event for corporate income tax if the distribution-based system applied? How much corporate income tax would be due