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Papier People, Inc. is a corporation that is trying to minimize the total amount that, altogether. the corporation and shareholders will be taxed next year.
Papier People, Inc. is a corporation that is trying to minimize the total amount that, altogether. the corporation and shareholders will be taxed next year. As Papier People Inc's lawyer, which of the following tactics would you advise the corporation to engage in so as to justify paying little or no dividends to shareholders and keep the total tax bill lower? Allow the corporation to pay off any shareholder debts. O Provide loans to shareholders at a very low interest rate. Allow the shareholders to use the corporation's private plane without paying full value. O Have the shareholders lend the corporation money in return for a reasonable interest rate. Sell the corporation's tree farm to the shareholders at a bargain price. The intersection of both procedural law and substantive law play a crucial role in administering justice. Which of the following best describes an example of procedural law in effect? O Attorney Abel thinks he has a slam dunk in his hit-and-run case, as Abel's opponent, the Defendant Daphne, cannot prove the elements of her affirmative defense that Abel's client was NOT the victim of a hit-and-run. O Samson's car was towed by the city last night. In the morning, Samson petitioned the city to release his car because he was NOT afforded a hearing to present his case per state law. O California business laws require an employer to provide health and disability insurance to its employees. O The law in Illinois states that driving fifteen over the speed limit is a third-degree felony. O Justice heard an objection from defense counsel, arguing that the case should NOT move forward because there was no obligation owed to the plaintiff
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