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Lee decides to incorporate their business to take advantage of the reduced tax rates for small business corporations. What type of tax planning has Lee
Lee decides to incorporate their business to take advantage of the reduced tax rates for small business corporations. What type of tax planning has Lee engaged in?
Multiple Choice
1. This is tax avoidance because there is no business reason to incorporate
2. Shifting income to another entity
3. Shifting income to another time period
4.Shifting income to another type
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