Mechanisms for lowering organizational taxes

Abstract

This study explains the mechanisms for lowering organizational taxes in Lebanon, and different legal methods to use before paying to the government. This paper shows qualitative data acquired from several interviews with auditors of two of the big four auditing companies, in addition to both small and big local audit firms. It also includes an explanation for several terms such as income splitting, income spreading, distributing activities on individuals, income deferral strategy, tax credit planning, payments in advance, selling losing stocks, donations to charities, and legal and ethical considerations. The aforementioned mechanisms permit every person who pays tax, to benefit from them and reduce the organizational tax in several legal ways, which is an essential strategy for any business.