Taxation Case Studies

This technical note addresses the taxation of labor income and benefits (including salary deferral, benefits, compensation, automobile, employee loans, stock options and other taxable and non-taxable benefits) on both the employee and the employer’s point of view. Section also includes contributions (including the costs of the seller, travel expenses), and other related items (moving expenses, […]

This note explains how the federal tax payable is calculated for individual taxpayers. Mechanics underlying the progressive tax structure of Canada, are considered in order to determine the taxes to be paid, and how marginal tax rates depend on income. Major tax credit available to individual and are considered related to tax planning opportunities. A […]

Diageo Plc Introduction The report presents a case about Diageo plc, world’s leading consumer product company, which intends to sell its packed food subsidiary, Pillsbury to General Mills and also considers selling 20% of its Burger King subsidiary through an initial public offering. The company’s intention behind this strategy is to raise funds from divesting […]

Exchange-traded funds (ETFs) and HOLDRS (Holding company depository receipts) is a recent and highly successful innovation in the capital market. HOLDRS close buy and hold strategy, and Merrill Lynch believes that the product has a significantly lower taxes and other costs than ETFs. The company is considering expanding the market for the HOLDRS by introducing […]

This case requires students to prepare an analysis of the financial statements and footnotes from Microsoft to understand the consequences of its use of stock options. In addition to the overall analysis of Microsoft, stock options and their impact on the financial statements, the students more specifically April Microsoft, 2000 megagrant 70,000,000 options after a […]