Can businesses legally avoid paying taxes?

Taxes reduce the profits available to shareholders and by minimising the tax payable. FILE PHOTO | NMG

One of the core objectives of businesses is to increase their shareholders’ value. It is the one overriding objective that gives chief finance officers and finance managers sleepless nights trying to figure out how.

The work of management is to make decisions that grow the business and the more successful a business becomes, the higher the tax it is expected to pay.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.