Tax planning is the process of looking at the available tax options in order to determine how the Company can conduct the business transactions so that taxes are eliminated or reduced. All business decisions today have tax implications and it is important for a company to manage its income tax requirements efficiently.

Task(s) assigned:

1. Discuss the methods available for the businesses to save taxes. Clearly discuss those ways with adequate level of research and provide your views with relevant examples where necessary.
2. Critically discuss all the financing methods available by providing examples to support your discussion. Subsequently, suggest the best financing method from the tax perspectives.