PLEASE ANSWER THE: Part B is an explanation and discussion of business combination. With 750 words. Please give source and reference. 

 

The article:

https://www.theguardian.com/australia-news/2022ov/03/australia-tax-transparency-report-almost-a-third-large-companies-pay-zero-income-tax

 

 

 

Part B As the accountant of a listed company that has recently acquired a subsidiary, you are taskedwith addressing the board at the upcoming meeting regarding corporate tax payments withina group structure. One of the directors references an article titled 'Almost a third ofAustralia's large companies pay no income tax', published on 03 November 2022 in TheGuardian. The article highlights the significance of analysing the entire economic groupstructure when assessing corporate tax payments, noting that while 32% of individual entitiesmay report no tax payable, this figure reduces to 20% when considering the group as a whole.The director seeks clarification on how a group structure can impact corporate tax paymentsand requests justifications for your explanation. Harvard Style referencing is expected. For details on the Harvard referencing system go to:http://library.westernsydney.edu.au/uws_library/guides/referencing-citation (and click on'Harvard' link).