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Exercise 2. Find a word in the text that matches each definition below. The words appear in order.
Содержание книги
- Варламова А.И., Дигтяр О.Ю, М.В. Мельничук, В.М. Осипова
- Варламова А.И., Дигтяр О.Ю, М.В. Мельничук, В.М. Осипова
- Complete these sentences using the base word given at the end of each sentence. You need to form an appropriate word. The first one (0) is given as an example.
- Exercise 7. Match the words below to their definitions.
- In the text, find the answers to the following questions. 1. What was Russia warned about?
- Fill in the following prepositions where necessary. on in (x2) from for
- Exercise 2. Find a word in the text that matches each definition below. The words appear in order.
- Exercise 7. Match the words below to their definitions.
- Taxes throughout Russian history. In November, the Russian prince and his warriors went to the lands of Slavic tribes to collect tribute
- In the text, find the answers to the following questions.
- Fill in the following prepositions where necessary. from at by within on of for to
- Chartered Accountant / Certified Public Accountant
- Topic focus: 5 ways to short bitcoin
- Taxes throughout Russian history. Any owner has to part with what has fallen from the cart”
- Practice reading the following words and collocations.
- Fill in the following prepositions where necessary. to (x2) at of for in with without
- Exercise 2. Find a word in the text that matches each definition below. The words appear in order.
- What type of business expense is recognized as tax deductible in your country?
- You're Buying (or Selling) One
- Topic focus: Classes of taxes
- What are the Pros and Cons of a Regressive Tax?
- Complete these sentences using the base word given at the end of each sentence. You need to form an appropriate word. The first one (0) is given as an example.
- Exercise 5. Match the words below to their definitions
- Read the article and answer these questions.
- Corporate Profit Tax in the Russian Federation
- In the text, find the answers to the following questions. 1. Who is a taxpayer for profit tax purposes in Russia?
- Discuss these questions with a partner. 1. What is Corporate Income Tax?
- Exercise 4. Text completion.
- Topic focus: what is an ICO.
- Discuss these questions with a partner. 1. What type of tax on products and services is levied in your country?
- Report on your partner when you complete the interview.
- In pairs, ask and answer the questions from the exercise above.
- Heavy taxes and burdens under Peter the Great
- Practice reading the following words and collocations. a) ambiguity; authority; issue; legislation; license; nature; register; requirements; scheme; threshold; through;
- New EU VAT regulations could threaten micro-businesses
- Discuss these questions with a partner.
- Report the information to the class.
- Topic focus: how interest rates affect property values
- Exercise 3. Find a word in the text that matches each definition below. The words appear in order.
- Fill in the following prepositions where necessary.
- In the text, find the answers to the following questions. 1. What is the difference between the roles of the government’s legislative and executive branches?
- Exercise 6. Match the words to their meaning
- Read the article and answer these questions
- Taxes throughout Russian history
1. (two words) A complete set of tax laws _______________
2. (two words) Accounting firm _______________
3. (three words) To reduce tax liabilities _______________
4. (three words)Establish a business _______________
5. (two words) An action of solving a legal dispute between two parties _____
6. (two words) Getting back the excess amount of tax paid _______________
7. (two words)To take advantage of technicalities, ambiguous or insufficiently clear provisions to reduce tax liability _______________
8. (two words) An accountant who has passed professional examination and obtained licence ________________
9. (three words) In the UK, the highest-level tax qualification awarded by the Chartered Institute of Taxation ________________
10. (three words)A tax specialist who has passed a professional body’s examination ________________
Exercise 3. Complete the sentences with the words from the box:
1. Tax Consultants minimize ____________ by using effective tax management strategies.
2. Tax Consultants perform and review ___________.
3. Tax Consultants monitor and anticipate changes to ____________.
4. Tax Consultants conduct tax research to assist in implementation and interpretation of _____________.
5. Tax Consultants keep clients and management informed of __________ that affect their business.
6. Tax Consultants help clients or management interpret and integrate __________ into their own strategy.
7. Tax Consultants are involved in _________ issues.
8. Tax Consultants represent clients in different stages of __________.
| dispute resolution
| tax considerations
| tax legislation
| tax audit
| | tax law
| tax compliance
| tax developments
| taxation exposure
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GRAMMAR FOCUS:
Exercise 4.
Future Forms
Student A
You are a head of the accounting department, gone away on a two-day business trip. You have your work schedule with you, but haven’t had time to allocate tasks to your staff. Phone your secretary to see what is going on.
Example: Who is meeting the new client at 9 o’clock today?
TODAY
|
| 9-10
| 10-12
| 12-14
| 14-16
| 16-18
|
| meet a new client
| assist IT Solutions Ltd with tax return preparation
| calculate the VAT liability for Shine Communications Ltd
| deliver presentation on deductible costs to Phoenix Partnership
| explain the tax impact of the acquisition to 21st Centuries Technologies Plc
|
|
TOMORROW
|
| 9-10
| 10-12
| 12-14
| 14-16
| 16-18
|
| see a Monarch Holdings representative at the airport
| perform property valuation for New Ventures Ltd
| analyse related party transactions for Compass Group
| interpret new tax legislation to AB Dynamics Plc
| organize tax records for Bradford Plc
|
| | | | | | | | | |
Student B
You are a secretary to the head of the accounting department. Your boss has gone on a two-day business trip, but forgotten to allocate tasks to his staff. He is on the phone and wants to find out who’s doing what.
TODAY
| 9-10
| 10-12
| 12-14
| 14-16
| 16-18
|
| meet a new client
| assist IT Solutions Ltd with tax return preparation
| calculate the VAT liability for Shine Communications Ltd
| deliver presentation on deductible costs to Phoenix Partnership
| explain the tax impact of the acquisition to 21st Centuries Technologies Plc
|
| BRIDGET
|
ANDREW
|
ANN
|
NICHOLAS
|
DANIEL
|
|
TOMORROW
|
| 9-10
| 10-12
| 12-14
| 14-16
| 16-18
|
| see a Monarch Holdings representative at the airport
| perform property valuation for New Ventures Ltd
| analyse related party transactions for Compass Group
| interpret new tax legislation to AB Dynamics Plc
| organize tax records for Bradford Plc
|
|
SHARON
|
MARK
|
HELEN
|
KATE
| CAROL
|
| | | | | | | | | |
Exercise 5.
Use the table above to interview your partner about his or her future arrangements.
Report to the class.
Exercise 6. Text completion.
Read the text and complete it with the following words.
friendly takeover job losses tax consultants
acquisition corporate reconstructions hostile takeover
target company economies of scales demerge
Mergers and Acquisitions
Tax consultants provide tax advice and tax services to a wide range of clients who operate in all sectors of the economy. Their job involves creating tax-efficient strategies for clients in different business situations, including mergers, takeoversand ________________ (1).
The first step in a merger or acquisition is to provide clients with due diligencefindings, which they can use to plan a transaction. In terms of taxation, it means to understand the previous tax position of the ___________ (2)and evaluate potential tax exposures.
A merger is a combination of two companies, usually of the same size, which agreed to form a single new company. However, true mergers of equals do not happen very often in practice. Usually, it is one company buying out another, while allowing the acquired firm to announce the deal as a merger of equals, even if it technically an _________ (3). An acquisition or takeover means a purchase of one company by another, without forming a new entity.
Shareholders and company management are not always happy with the prospects of acquisition. A __________ (4)takes place when a target company is taken over against the wishes of its owners and management. An opposite instance would be a _________ (5), which is a takeover welcomed by the shareholders and management of the offeree company.
Benefits of mergers and acquisitions include diversificationof products and services, increase in plant capacity, larger market share, acquisition of new technology, attaining __________ (6) and synergy. However, these company amalgamationshave their downsides as well. As most employees know, mergers and acquisitions generally mean redundancy and ___________ (7), often called company restructuring. The acquisition process is very complex, with many factors influencing its outcome, and therefore often failing to produce the desired results. For that reason, mergers and acquisitions are not always successful and, in some cases, companies may decide to ___________ (8).
A corporate reconstruction is a situation when a corporate group reorganizes its business structure, typically by transferring assets between companies that are members of the same corporate group. Such arrangement may trigger significant tax liabilities for both the company and its shareholders; therefore _____________(9) perform the key role in the process.
