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Questions and Answers
What is the purpose of ignoring the separate legal entity status of a company?
What is the purpose of ignoring the separate legal entity status of a company?
- To promote business growth
- To prevent tax evasion (correct)
- To encourage tax compliance
- To protect the company's assets
Under what circumstances may the court ignore the separate legal entity status of a company?
Under what circumstances may the court ignore the separate legal entity status of a company?
- When the company is involved in a legal dispute
- When the company is expanding its operations
- When the company is facing financial difficulties
- When the company is used for tax invasion (correct)
Which of the following is a reason for the court to ignore the separate legal entity status of a company?
Which of the following is a reason for the court to ignore the separate legal entity status of a company?
- To promote business growth
- To protect the company's assets
- To encourage tax compliance
- To prevent tax evasion (correct)
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