Question 9 (A) Dynamic Trader plc is an international conglomerate construction company that specialises in building, construction and refurbishment of residential properties. Dynamic Trader plc is based in the UK. Amrit is one of ten project managers of the UK head office. Each project manager overlooks 30 projects in one year. Each project brings an average revenue of 50,000. The total costs of all projects for the period 2020/2021 are 10million. Dynamic Trader Plc has also two subsidiaries in Europe, one in Cyprus and the other one is in Greece. The Greek subsidiary has a taxable profit of 2m while the subsidiary in Cyprus has a taxable profit of 2.3m for the period 2020/2021. The corporation tax rate for Greece is 29% and that of Cyprus is 12.5%. (a) Calculate how much tax Dynamic Trader plc will need to pay for the period 2020/2021. (Show your calculations for UK, Greece and Cyprus and explain the relevant rules) (4 Marks) Question 9 (B) Amrit has over 20 years of experience and earns 95,000 in wages in the 2020/2021 tax year. Over the years, he has invested his extra savings in buying shares in various firms. In this calendar year, he is expected to receive a total dividend of 7,500. Out of the total dividends, 1,500 are from ISAs. In July 2020, Amrit sadly loses his mother to Covid-19. Amrits mother left a will which states that 50,000 of her estate should be bequeathed to Cancer Research UK, a charitable institution, with the remainder of her wealth to be bequeathed to Amrit. Moreover, Amrits mum had 75,000 as ISA and 350,000 in her current account. (b) Calculate the tax paid by Amrit. (Explain all the steps and assumptions(rules) in your calculations) (6 Marks)