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Implication of Taxation Rules and Regulations

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Added on  2020-05-16

Implication of Taxation Rules and Regulations

   Added on 2020-05-16

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RUNNING HEAD: Implication of taxation rules and regulations on Monash IVF Group Ltd1Name of the student-Topic- Implication of taxation rules and regulations on Monash IVF Group LtdUniversity name
Implication of Taxation Rules and Regulations_1
Implication of taxation rules and regulations on Monash IVF Group Ltd2Table of ContentsAnswer to question-1.............................................................................................................................3Answer to question-2.............................................................................................................................5Answer to question no-3........................................................................................................................5Answer to question no-4........................................................................................................................7Answer to question no-5........................................................................................................................8Answer to question no-6........................................................................................................................9Answer to question no-7........................................................................................................................9References...........................................................................................................................................12.
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Implication of taxation rules and regulations on Monash IVF Group Ltd3This report has focused on evaluating taxation rules and regulations of Monash IVF GroupLtd. Answer to question-1The annual report of Monash IVF Group Ltd has been analysed with a view to evaluatethe stock and contributed capital of companyCommon stock Contributed capital Accumulated profitRetained earnings and reserve.It is observed that common stock is the amount of money given by shareholders for the ownership. On the other hand, Contributed capital is also the same amount but not redeemable unit and unless company is wind up. Accumulated profit is the overall profit collected by the company since then. Retained earnings and reserve is the amount of profit which has not distributed by company to its stakeholders (Blouin and Robinson, 2014).Equity (Amount in dollar million) ($M)20172016Common stock428423Accumulated profit(113)(104)
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Implication of taxation rules and regulations on Monash IVF Group Ltd4Retained earning161161Total equity 287288Discussion on the retained earning Company has maintained stable retained earnings in both years. However, the main objective of not plugging back of this capital in its business is based on the return on capital employed of company. Monash IVF Group Ltd is not finding a good reason to expand its business as company is having sluggish market conditions. Answer to question-2It is considered that tax is the amount which is charged on the profited of company.Monash IVF Group Ltd has paid tax amount AUD $ 12 million. Company has Monash IVFGroup Ltd has maintained stable tax payment since last two year which is good indicator forcompany (Brondolo, 2009)Particular(AUD $ in million)20152016Income tax expenses1212Company has to adopt proper tax planning process with a view to reduce the tax payment. Inaddition to this, company has increased deferred tax liabilities by AUD $ 1 million. Answer to question no-3 After evaluating the annual report of Monash IVF Group Ltd, it is observed that taxexpenses shown in the books of account of company is not same as the amount computed bycharging 30% tax on the profit of company. It is considered that Monash IVF Group Ltd has
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