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Explain the 3 types of penalties and give 3 examples of when a penalty might apply. What are the 2 categories of anti-avoidance provisions? Explain

  1. Explain the 3 types of penalties and give 3 examples of when a penalty might apply.

  1. What are the 2 categories of anti-avoidance provisions? Explain each one.

  1. Explain the following terms and how they affect an individual taxpayer
    1. Capital Gains Tax
    2. Fringe Benefits Tax
    3. Employment Termination Payments

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