Question 1

Discuss the implications of credit card fraud?

 

Question 2

where does credit card fraud generally happening?

 

Question 3

Explain any 2 or 3 types of procurement scheme?

 

Question 4

what are the appropriate policies which need to know to be vigilant by the procurement fraud risk or prevention or detection technique of procurement fraud?

 

Question 5

what are the activities one need to be discussed so that the procurement fraud can be minimized or reduced?

 

Question 6

"The Fiji Revenue and Customs Service encourages taxpayers to voluntarily comply with tax laws of Fiji. Failure to comply with various provisions of tax laws requirements may attract penalties (FRCS website)." Critically explain whether having harsher tax penalties will lead to better compliance and more accountability by tax payer?

 

Question 7

Recent economic, political and technological developments have provoked renewed criticisms of the corporate tax. Some scholars claim that companies are held back by the corporate tax codes. Transfer pricing could be another big problem with the corporates. Discuss major five criticisms which can affect corporate tax in Fiji.

 

Question 8

"The pre-existing framework, which required the existence of an asset, an acquisition and a disposal, was replaced with an events-based approach that was able to operate independently of this triptych". Discuss the provisions made for disposal of capital assets given under Capital Gain Tax Decree 2011, revised to 19'^h June 2015 for Fiji.

 

Question 9

OECD emphasizes on the adoption for transfer pricing between related parties. It also states that tax payers should prepare and keep contemporaneous transfer pricing documentation to show that their related party transactions are conducted at arm's length. Fiji has also adapted transfer pricing from 2012. The presentation shows the consequences, implications, limitations of transfer pricing in relation to Fiji and other developing & developed countries. It also compares the key developments and challenges with other developed and developing nations. Furthermore, it shows the analysis of the findings that was obtained via questionnaires.

 

Required:

Critically discuss the challenges faced by Fiji in implementing transfer pricing practices.