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State tax officials, having had considerable success in

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state tax plan - kaplan Diagnostic [#permalink] New post 29 Jun 2012, 02:11
State tax officials, having had considerable success in persuading delinquent individuals to pay their back taxes through the incentive of reduced penalties, plan to adopt a similar approach in order to collect past due taxes from corporations.

The state tax plan outlined above assumes that

a. federal tax officials will not attempt to collect back taxes in the same manner
b. stiff fines are not the only way to collect past due corporate taxes
c. corporations tend to be delinquent in their taxes for the same length of time that individual taxpayers are
d. past due taxes cannot be collected without a reduction in penalties
e. penalties for delinquent corporations will have to be reduced by the same percentage as were penalties for delinquent individuals
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Re: state tax plan - kaplan Diagnostic [#permalink] New post 29 Jun 2012, 02:39
Good Causal question.

Concession in fines ---->successful payback from defaulters

Though (D) is tempting, but (B) is correct since, A to B doesn't mean B to A too.

There could be other ways (legislative,punitive etc..) to make the defaulters payback the money.
But it would not be sufficient to say that the taxes CAN NOT be collected without the concession.

IMO-(B)
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Joined: 14 May 2012
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Location: United States
Concentration: Finance, Strategy
GMAT 1: 680 Q47 V36
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WE: Corporate Finance (Venture Capital)
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Kudos [?]: 18 [0], given: 15

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Re: State tax officials, having had considerable success in [#permalink] New post 30 Jun 2012, 02:37
Can some expert Pl ans this Q in detail ??
Re: State tax officials, having had considerable success in   [#permalink] 30 Jun 2012, 02:37
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