Tax saving strategies: Udi Bolos’ Case

Authors

DOI:

https://doi.org/10.21680/2176-9036.2020v12n2ID21518

Keywords:

tax planning; small and medium enterprises; tax education’s cases.

Abstract

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.

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Author Biographies

Larissa Ribeiro Soares, Federal University of Uberlândia.

Graduated at accounting sciences for College of Accounting Sciences of Federal University of  Uberlândia.

Sabrina Rafaela Pereira Borges, Federal University of Uberlândia

Master at accounting sciences for the Postgraduate Program at Accounting Sciences of Federal University of Uberlândia.

References

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Act nº 4.729, de 14 de julho de 1965. (1965). It defines the crime of tax evasion and makes other provisions. Official Gazette. [of Federative Republic of Brazil], Brasília, DF, 1965. Recovered on November 10, 2019, from http://www.planalto.gov.br/ccivil_03/LEIS/1950- 1969/L4729.htm.

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Brazilian Support Service to Micro and Small Enterprise – Sebrae. (2020). Recovered on Mars 03, 2020, from www.sebrae.com.br.

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Published

01-07-2020

How to Cite

LARISSA RIBEIRO SOARES; SABRINA RAFAELA PEREIRA BORGES. Tax saving strategies: Udi Bolos’ Case. REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte, [S. l.], v. 12, n. 2, 2020. DOI: 10.21680/2176-9036.2020v12n2ID21518. Disponível em: https://periodicos.ufrn.br/ambiente/article/view/21518. Acesso em: 3 jul. 2024.

Issue

Vol. 12 No. 2 (2020): Jul./Dez.

Section

Section 7: International (S7)

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