QUESTION 6 A. You are required to write an article for publication in Business and Financial Times .Discuss two advantages and three disadvantages of withholding taxes in Ghana. b) Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency, with the elements of the financial plan working together in the most tax-efficient manner possible. Required: Briefly make a presentation to the PRESIDENT OF GHANA on the following terms with respect to tax planning: i) Tax holiday ii) Tax Exemptions iii) Tax Reliefs iv) Tax rebates/refund (6 marks) c) The Government of Ghana recently signed a Double Taxation Avoidance agreement (DTA) with the government of Mauritius at Port Louis, Mauritius. Speaking at a joint press conference after the signing ceremony, Ghanas Vice President, Alhaji Dr. Bawumia, said We have seen the manifestation of the first fruits of this Joint

Permanent Commission with the signing of the historic double taxation agreement between Ghana and Mauritius and we believe this is just the beginning of our cooperation, Required: Discuss four benefits likely to result from the Double Taxation Agreement. (5 marks) (Total: 20 marks)