Open AccessTax saving strategies: Udi Bolos’ Case
Author(s) -
Larissa Ribeiro Soares,
Sabrina Rafaela Pereira Borges
Publication year - 2020
Publication title -
revista ambiente contábil
Language(s) - English
Resource type - Journals
ISSN - 2176-9036
DOI - 10.21680/2176-9036.2020v12n2id21518
Subject(s) - principle of legality , order (exchange) , business , tax planning , tax evasion , dilemma , accounting , tax reform , economics , public economics , tax avoidance , finance , political science , law , philosophy , epistemology
Purpose: Udi Bolos’ case discusses tax planning and the best taxation regime to be adopted by a small company.
Methodology: This case uses tax contents and also presents discussions about tax evasion and tax avoidance, showing elements of an ethical-accounting dilemma experienced by many family businesses.
Results: Entrepreneur at Udi Bolos, Mr. Marcelo, seeking to reduce his costs, receives two divergent opinions from two accountants: to act within tax legality or to withhold tax. After a careful analysis, the owner realized it is possible to obtain legal savings for the business with a good tax planning.
Contributions of the Study: The present case encourages students’ critical reflection on taxation regimes in order to reduce the tax burden paid by companies, being useful for learning concepts in disciplines associated with tax and cost analysis. In addition, ethical reflections are carried out on the accountant’s role in the provision of information and manipulation of economic and financial data.