Tax Essays & Research Papers

Best Tax Essays

  • To Tax or Not to Tax - 1189 Words
    To Tax or Not to Tax: The Problem of America Money, like a cookie, is something everybody wants, and when it is gone a person blames everybody else for its absence; realizing later they were the one to consume it in the first place. Taxes, since the beginning of an organized economy, have been argued over for centuries. At the end of 2012 after surviving the “end of the world,” tax payers were faced with another apocalyptic situation, the Fiscal Cliff. It had the potential to raise taxes to...
    1,189 Words | 4 Pages
  • To Tax Or Not To Tax - 1294 Words
    William Pittman 10/14/14 Writing COMP – Han To Tax or not To Tax Two authors by the names of Paul Krugman and Fred E. Foldvary have varying opinions on the topic of taxing the rich. The debate they’re writing about is whether or not the US should increase the tax burden on the rich. Foldvary states in his “The Evil of Taxing the Rich” article that there are a lot of negative affects that would come along with taxing the rich. Mainly, he says the rich are paying a much larger percentage of...
    1,294 Words | 4 Pages
  • Tax Administration and Tax Planning
    A taxpayer's average tax rate is determined by dividing the total tax paid by the total income of the taxpayer. A) True B) False Beginning in 2011, all paid tax return preparers must sign up with the IRS, pay a fee, and obtain a preparer tax identification number. A) True B) False 22. Taxpayers who are unable to pay their taxes may enter into a payment plan with the IRS if the amount they owe is within certain limits. A) True B) False 23. At which of the following IRS...
    907 Words | 5 Pages
  • Tax Evasion and Tax Compliance
    52 6020 T AX E VASION AND T AX C OMPLIANCE Luigi Alberto Franzoni University of Bologna, Italy © Copyright 1999 Luigi Alberto Franzoni Abstract This chapter offers an overview of the theoretical and empirical research on tax evasion, delineating the variety of factors affecting noncompliance and examining possible remedies. Particular emphasis is placed on the institutional and procedural rules governing the tax enforcement policy. JEL classification: K34 Keywords: Tax...
    3,277 Words | 16 Pages
  • All Tax Essays

  • Tax Evasion and Tax Audit
    Definition of Tax Evasion: Tax evasion usually entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities to reduce their tax liability and includes in particular dishonest tax reporting, such as declaring less income, profits or gains than actually earned or overstating deductions,. It is an illegal practice where a person, organization or corporation intentionally avoids paying his/her/its true tax liability. Examples of practices...
    259 Words | 1 Page
  • Tax Chargeability and Tax Return
    Tax Chargeability and Tax Return A sole proprietor who is resident in Malaysia is taxable on all income accruing in or derived from Malaysia. It is the duty of each sole proprietor who works for themselves in their own business to properly and regularly update accounts and statements. Malaysia’s Income Tax Return Form (ITRF) is the document needed for every taxpayer to the Inland Revenue Board of Malaysia. There are several things which a sole proprietor should take note. A sole...
    672 Words | 2 Pages
  • Tax Avoidance and Tax Evasion
    Tax Avoidance Analysis Tax Avoidance is a legally manipulation for the corporations to lower their tax bill by structuring transactions, is also called tax planning. Different with Tax Evasion, the Tax Evasion is Criminal and completely illegal. And in generally, company which have more profit should have higher tax rate, but with the growth of the company, many tax avoidance strategy were used by management as result of minimize the tax bills and also without obey the law, There are 3...
    1,216 Words | 3 Pages
  • Tax Types of Tax - 5014 Words
    Tax Description Income Tax is a tax on a person's income, emoluments, profits arising from property, practice of profession, conduct of trade or business or on the pertinent items of gross income specified in the Tax Code of 1997 (Tax Code), as amended, less the deductions and/or personal and additional exemptions, if any, authorized for such types of income, by the Tax Code, as amended, or other special laws. Types of Income Tax Personal Income Tax (PIT) is a direct tax levied on...
    5,014 Words | 18 Pages
  • Tax Law - 7450 Words
    Tax Law Assignment According to the Act Gross Income is defined as , in relation to any year or period of assessment, means, in the case of any person, the total amount, in cash or otherwise, received by or accrued to or in favour of such person during such year or period of assessment from a source within or deemed to be within Namibia, excluding receipts or accruals of a capital nature, but including, without in any way limiting the scope of this definition, such amounts (whether of a...
    7,450 Words | 20 Pages
  • Tax System - 4842 Words
    CHAPTER 4. MOBILIZING DOMESTIC REVENUES 4.1 As seen in Chapter 3, sustained rapid growth of domestic revenue is a central element of Afghanistan’s state-building and reconstruction agenda. International experience suggests that the larger the tax gap (the difference between the taxes actually paid and what should be paid according to existing laws and statutes), the more radical are the changes needed. With a tax gap on the order of 60%, Afghanistan needs to adopt a comprehensive strategy...
    4,842 Words | 23 Pages
  • Income Tax - 1148 Words
    INCOME TAX NOTES Residential Status and Incidence of Tax According to Section 5 of the Income Tax Act the scope of total Income of an assessee depends on his residential status.On the basis of residential status assessee are classified under the following two categories: 1. Resident 2. Non-resident. As per as resident individuals and Hindu Undivided Families are concerned, they can be further divided into two categories: 1. Ordinarily Resident 2. Not ordinarily Resident....
    1,148 Words | 4 Pages
  • Tax Evasion - 1213 Words
    Tax evasion Definition Tax evasion is an unlawful practice which has the effect of reducing the government revenue needed for the provision of infrastructure, public services and public utilities. (Otosanya , 2009). Spicer (1975) also stated that, tax evasion “ tax evasion result in a loss of tax revenues, impair the chances of realizing the distributional or equity goal of taxation, and if they become widespread, as they have in recent times, then more tax payer, may lose faith in the tax...
    1,213 Words | 4 Pages
  • Tax Avoidance - 34952 Words
    fair tax: towards a modern tax system The Smith Institute The Smith Institute is an independent think tank that has been set up to look at issues which flow from the changing relationship between social values and economic imperatives. If you would like to know more about the Smith Institute please write to: Telephone +44 (0)20 7823 4240 Fax +44 (0)20 7823 4823 Email [email protected] Website www.smith-institute.org.uk fair tax: towards a modern tax system The...
    34,952 Words | 120 Pages
  • introduction to tax - 323 Words
    Chapter 1 I. History of Taxation 1861: 1894: 1909: 1913: II. Criteria for Evaluating a Tax Structure Adam Smith -canons of taxation Equality Convenience Certainty Economy III. Tax Structure Tax base: Tax rates: Incidence of tax: Examples: Income $10 $20 $30 $3 (30%) $6 (30%) $9 (30%) $3 (30%) $7 (35%) $12 (40%) IV. Major Types of Taxes Property Taxes Transaction Taxes Death Taxes Gift Taxes Income Taxes Employment Taxes Other...
    323 Words | 5 Pages
  • tax growth - 35524 Words
    Please cite this paper as: Johansson, Å. et al. (2008), “Taxation and Economic Growth”, OECD Economics Department Working Papers, No. 620, OECD Publishing. http://dx.doi.org/10.1787/241216205486 OECD Economics Department Working Papers No. 620 Taxation and Economic Growth Åsa Johansson, Chistopher Heady, Jens Arnold, Bert Brys, Laura Vartia JEL Classification: C33, H23, H24, H25, O40, O43 Unclassified ECO/WKP(2008)28 Organisation de Coopération et de Développement...
    35,524 Words | 190 Pages
  • Tax Avoidance - 486 Words
    Introduction There is an increasing amount report claimed that the UK government losing money from tax avoidance. The BBC reported that some multinational companies use tax avoidance strategy to decrease the tax. It seems like these companies are lack of corporate social responsibility. However, tax avoidance does not equal to tax evasion. Some individuals assert that the government should publish a new policy to stop tax avoidance. While many others argue that it is blameless economic activity...
    486 Words | 2 Pages
  • Tax Exemption - 709 Words
    According to source B, who strongly believes that churches should be tax exempt, it is apparent that if a church requires the same infrastructure as any other taxpaying enterprise, it should not be free from from paying taxes. All of which is demonstrated through the unbiased facts in Source A, the logical presentation of Source C, and the hardly opinionated Source G, which all include a sense of responsibility and equality. Although it is thought by many believers, such as in Source...
    709 Words | 2 Pages
  • Tax Exam - 941 Words
    Aneta Lesna FINAL EXAM –ACCT 349 1. Samantha Corporation owns a building with a fair market value of $70,000 and an adjusted basis of $40,000. It exchanges the building for land with a fair market value of $45,000. Also assume that Samantha has a $10,000 mortgage on the building. As part of the exchange, the owner of the land agrees to assume the mortgage and pay the corporation $15,000 in cash. What are Samantha’s realized gain, recognized gain, and basis in the land? Gain 5000...
    941 Words | 3 Pages
  • Service Tax - 4013 Words
    Indirect Tax Introduction 1. 2. 3. 4. 5. 6. With the economics growth Govt. Expenditure Increases. The only sources of revenue for the Govt. is taxes With increases in expenditure Govt. has been increasing taxes dividing To the extend 135% of custom duty levied & it becomes matter of gossiping. India become member of GATT & entered in to WTO agreement. This agreement restricted custom duty & created a wide gap in the Govt. revenue & Govt. Expenditure & there for it become compulsory to impose...
    4,013 Words | 10 Pages
  • Tax Outline - 21019 Words
    FEDERAL INCOME TAXATION OUTLINE Gross Income Gross Income Defined (§61) – except as otherwise provided, gross income means all income from whatever source derived, including (but not limited to) the following items: Compensation for services, including fees, commissions, fringe benefits, and similar items; Gross income derived from business Gains derived from dealings in property Interest Rents Royalties Dividends Alimony and separate maintenance payments Annuities Income from...
    21,019 Words | 70 Pages
  • Tax and Money - 595 Words
    Money - buying, selling and paying Personal finance Sometimes in a shop they ask you: 'How do you want to pay?' You can answer: 'Cash. / By cheque. / By credit card.' In a bank you usually have a current account, which is one where you pay in your salary and then withdraw money to pay your everyday bills. The bank sends you a regular banki statement telling you how much money has gone in and out of your account. You may also have a savings account where...
    595 Words | 2 Pages
  • Regressive Tax - 572 Words
    Regressive Tax Subject: Argument for Implementing Regressive Income Tax The primary income taxation structure in the United States should be a regressive tax structure. A regressive tax rate decreases with an increase in the tax base. This means, the lower the amount of income a person earns, the greater the share of that income will go towards paying taxes. The income tax should become a regressive tax because every tax bracket would then pay roughly the same dollar amount in taxes to the...
    572 Words | 2 Pages
  • Tax Essay - 1018 Words
    In this essay, I will be examining the relevance of Adam’s Smith canons and justify what other attributes I believe a good tax system should have. Formally, tax is defined as an involuntary fee enforced by the government in order to finance its activities. However, some perceive tax as the price we pay to live in a civilised society and it is a fundamental part of any developed economy. (Oliver Wendell Holmes) From my point of view, the purpose of tax is to fund the government, incentivise...
    1,018 Words | 3 Pages
  • Income Tax - 1636 Words
    NAME: OGODETON KELVIN OKIEMUTE DEPARTMENT: ACCOUNTING COURSE CODE: ACC325 (ASSIGNMENT) MATRIC NO: 09AA08569 TOPIC: ‘Income tax is one of the major sources of revenue for all government in Nigeria and it is a factor to be recon with in both the state and the Federal Government body….It is an enforced contribution of money enacted pursuant to legislative authority….Analyze the importance and the problems of TAXATION and the way forward in Nigeria………….’ INTRODUCTION Income taxes...
    1,636 Words | 5 Pages
  • Tax Evasion - 6415 Words
    asionTHE SOCIO-ECONOMIC PROBLEM OF TAX AVOIDANCE AND EVASION IN NIGERIA: AN OVERVIEW Dominic Asada LL.B. (Hons.) B.L, LL.M. Tax Avoidance and Evasion are some of the most perplexing problems facing the nation today. It is widely believed that there is a considerable difference between estimated revenue from taxation every year and what is actually collected. This disturbing aversion to taxation has some historical antecedents. Traditionally, there has always been a hostile response to the...
    6,415 Words | 18 Pages
  • Tax Cheatsheet - 1379 Words
    ----------------------- ITC PAY Basis SSI – entitled to receive, FSI – received in Sg Current a/c interest – accrues evenly over time Fixed Deposit interest – date of maturity 1. Net Acc profit (before dep & tax) Expense Deductible N.D Charge to P/L Nothing Add Not charged Minus Nothing Revenue Taxable N.T Credited to P/L Nothing Minus Not credited Add Nothing Add: 10(1)(a) income not credited to P/L Expense charged for Non 10(1)(a) Less: Non 10(1)(a) income...
    1,379 Words | 8 Pages
  • Income Tax - 4860 Words
    History Income tax levels in India were very high during 1950-1980, in 1970-71 there were 11 tax slabs with highest tax rate being 93.5% including surcharges. In 1973-74 highest rate was 97.5%. But to reduce tax evasion tax rates were reduced later on, by "1992-93" maximum tax rates were reduced to 40%. [2][3] [edit]Residential status, Scope of taxable income & Charge [edit]Charge to Income-tax Whose income exceeds the maximum amount, which is not chargeable to the income tax, is an...
    4,860 Words | 14 Pages
  • Wealth Tax - 2040 Words
    FINAL WEALTH TAX Accepting the recommendations of N. Kaldor to introduce “integrated direct tax system” in India, Wealth Tax Act, 1957 was enacted. The Act was amended from time to time. The major objective of wealth tax has been attainment of equity objective of tax policy because wealth is considered as the major source of inequalities. The wealth taxation in India is applicable to all citizens of the country and is also called the wealth tax act, 1957. This is also considered to be direct...
    2,040 Words | 6 Pages
  • Indirect Tax - 836 Words
    Measuring the deadweight cost of a tax system is difficult. You cannot observe all the valuable things that are not made or done but would have been if not for taxes. But economists are clever, and estimates have been made (I will spare you the methodological details). Most put the deadweight cost of raising £1 of tax revenue at between 20 and 50 pence. The dead-weight loss of taxation is the loss of output which would have occurred in the absence of the tax – a loss of economic welfare above...
    836 Words | 2 Pages
  • Sin Tax - 1148 Words
    MANILA, Philippines (3rd UPDATE) - The Aquino government has made giant steps in what his predecessors tried but failed to do: pass a sin tax reform bill at the House of Representatives, inching closer to enacting it into law. The popular and determined government put its weight behind a piece of legislation that rests at the heart of industries where politics and economics traditionally intersect: sin taxes. On late Wednesday, June 6, a reform bill on the most crucial element that makes "sin"...
    1,148 Words | 4 Pages
  • Tax and Income - 7630 Words
    Q _ Tran Nam Quan: Blue Bui Minh Tri Quy : Task 1: Which of the following items are income: Rent from a residential rental property rented by a young family? yes, ordinary income under sec. 6-5 A birthday gift ? No A dividend from BP? Yes, Statutory income under sec.44(1) ITAA 1936 Wages and Salaries from your employer? Yes. Ordinary income under sec 6-5 Bank Interest Received? Yes, Ordinary income under sec 6-5(2) Your boss takes you out to dinner? No An allowance paid...
    7,630 Words | 23 Pages
  • Tax Cases - 93391 Words
    A. General Principles CONCEPT, NATURE AND CHARACTERISTICS OF TAXATION AND TAXES CIR v. Cebu Portland Cement Co. • The Court of Tax Appeals ordered the Commission of Internal Revenue (CIR) to refund to Cebu Portland Cement Co. about P350k+, w/c represented overpayments of ad valorem taxes on cement produced and sold by it. • CIR opposed the ruling, claiming that it had a right to apply the overpayment to another tax liability of Cebu Portland – sales tax on a manufactured product...
    93,391 Words | 243 Pages
  • tax notes - 15836 Words
    Contents TAX LEG: ITAA1936 [eg. S6(1)], ITAA1997 [eg. S6-5], FBTAA 1986, GST Act 1999. Topic 2 – Jurisdiction to Tax taxable payable Tax Payable (s4-10 ITAA1997)= (Taxable income * Tax Rate) – Tax Offsets (Tax/Financial Year = I July – 30 June) – Income tax payable on a year-by-year basis s3-5 ITAA97. Taxable income (s 4-15 ITAA) = Assessable Income less Deductions Assessable Income (s6-1) = Ordinary income (s6-5) and Statutory income (s6-10) but not Exempt income (s6-15)....
    15,836 Words | 53 Pages
  • tax module - 1059 Words
    MODULE 9 – OTHER INCOME/DEDUCTIONS – FUNDAMENTALS & INTEGRATION Other income/deduction – Fundamentals Text Coverage – Chapter 9 You are NOT responsible for the following paragraphs: 9,030 9,040 – 9,060 9,090 – 9,090.40 9,095 – 9,095.70 9,120 – 9,130 9,140 – 9,155 9,310 9,395 9,400 9,405 – 9,410 9,415 – 9,415.40 9,420 – 9,430 9,490 – 9,515 9,520 9,530 Retiring allowances and other payments on termination of employment Support receipts and payments Registered education...
    1,059 Words | 15 Pages
  • soda tax - 1134 Words
    Soda Tax: The Beginning of the End The government plans to tax sugary drinks to lower consumption and reduce obesity rates. It is a tax that is justified, because a high majority of its consumers are obese and our government believes they should step in and do something about it. There are positive aspects of a soda tax, but it would also be a violation of freedom of choice, with many other red flags as well. The government simply, has too much involvement with our personal lives. Placing...
    1,134 Words | 3 Pages
  • tobacco tax - 1129 Words
    Tobacco tax: good for health, good for government finances Tobacco use kills over 5 million people each year and is the largest single preventable cause of premature death.1 Tobacco is very costly to society through high costs to treat tobacco-induced disease or through loss of productivity as a result of the premature deaths. But governments have a tool to combat the costs of tobacco use — tobacco taxation. Higher tobacco prices decrease consumption and encourage people to quit...
    1,129 Words | 7 Pages
  • Income tax - 929 Words
    Question 14-4 Internal Revenue Code Section 351 permits shareholders of a corporation to defer recognition of a gain or loss on the transfer of assets to the corporation. The transfer of property may be made when a new corporation is formed or may reflect additional capital contributions to an existing corporation. Without Section 351, a sole proprietorship or a partnership would have difficulty adopting the corporate form of organization for legal and/or tax purposes because the transfer of...
    929 Words | 3 Pages
  • Tax Havens - 19660 Words
    Tax havens – main Best Tax Havens Tax haven is considered to be a country which has no taxes or low taxes levied on individuals and corporations. Each year tax havens attracts loads of clients who are drawn in by the possibilities of reducing taxes on their capital. Most of the world’s tax havens are also offshore financial centers and together they create business structures and other such services which clients can use knowing that they have the advantage of saving on taxes....
    19,660 Words | 60 Pages
  • tax reform - 1449 Words
    Tax Reform Tax Reform Compromise “We need tax reform that protects working families, encourages economic growth and domestic job creation, and is fiscally responsible.” Sen. Max Baucus According to the Organization for Economic Co-Operation and Development, the United States now has the highest corporate tax rate among the industrialized countries. The United States is also the only G-8 country to maintain a worldwide tax system on earnings for foreign markets. At 39.1...
    1,449 Words | 5 Pages
  • Tax and Revenue - 8210 Words
    HISTORY OF TAXATION IN GHANA Introduction & Definition of taxation: To tax (from the Latin taxo; "I estimate") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the government [...] a payment exacted by legislative authority." A tax "is not a voluntary...
    8,210 Words | 28 Pages
  • Tax Structue - 1717 Words
    Assignment 4: Tax Structure Julian Hoggard Strayer University PAD 505 Public Budgeting and Finance Dr. William H. Kraus Dec. 2, 2012 Habitat for Humanity is a non profit organization that uses volunteer labor, donated materials from churches and other organizations to build new housing for low-income families. Habitat for Humanity has built over 45,000 homes throughout the nation and over 150,000 homes worldwide. The goal of the organization is to eliminate poverty and...
    1,717 Words | 5 Pages
  • Tax Research - 7114 Words
     Tax Research Exercise 1 1) 147(c)(2)(C)(iii)Insolvent farmer.—For purposes of clause (i), farmland which was previously owned by the individual and was disposed of while such individual was insolvent shall be disregarded if section 108 applied to indebtedness with respect to such farmland. 2) Federal Tax Regulations, Regulation, §1.351-1., Internal Revenue Service, Transfer to corporation controlled by transferor Click to open document in a browser Reg. § 1.351-1 does not...
    7,114 Words | 23 Pages
  • Tax Note - 7467 Words
    Tax Payable (Rate = 38%) 1. Div B Income = ALL sources of income, include TCG 2. Div C Deduction = donations, net cap loss, Cdn dividend 3. 1-2 = taxable income 4. Find tax payable 5. Less abatement 6. Less non business FTC 7. Less business FTC 8. Less GRR: 11.5% x taxable income 9. Net federal tax payable 10. Add back provincial portion of tax payable x 10% 11. TOTAL TAX PAYABLE Basket Sale No terminal loss when land + building are sold P of D building = lesser of: FMV both...
    7,467 Words | 28 Pages
  • Tax Refund and Federal Income Tax
    Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a paralegal for a law firm. During 2012, the Deans recorded the following receipts. Salaries ($60,000 for Lance, $41,000 for Wanda) $101,000 Interest income City of Albuquerque general purpose bonds $1,000 Ford Motor Company bonds 1,100 Ally Bank certificate of deposit 400 2,500 Child support payments...
    584 Words | 2 Pages
  • Tax Avoidance vs. Tax Evasion
    TAX AVOIDANCE vs. TAX EVASION From the time taxes were first imposed on American citizens, people have been trying to find ways to escape paying them. While some taxpayers continue to find legal ways to avoid paying a portion of their taxes, others simply choose to evade taxes or not pay them at all. Avoiding taxes and evading taxes may sound like similar actions, but the two terms have very different meanings. Avoiding taxes can be accomplished though various legal means, whereas evading...
    1,872 Words | 6 Pages
  • Fedral tax - 546 Words
    ACCT553 Week 1 Homework _________________________________________________________ Please provide your answer to each question in the space provided below. When finished, submit to the DropBox. Chapter 1 (5 pts) 1. Briefly discuss the purpose of the Sixteenth Amendment. The purpose of the Sixteenth Amendment was to allow the government to create income taxes. With this Amendment Americans have to pay the Government a portion from their income. If not these taxes were not paid, the...
    546 Words | 2 Pages
  • Tax problem - 1034 Words
    Homework 1 – Chapter 1 1. In the following independent situations, is the tax position of the tax payer likely to change? Explain why or why not. a) Yes, this is likely to change John’s tax position because of capital gains and losses on the disposition because of property now convert to ordinary income and losses. b) Yes, this is likely to change Theresa’s tax position because now she is self employed and has to deal with the safe harbor of withholdings is lost and new quarterly payments...
    1,034 Words | 4 Pages
  • Income Tax - 1081 Words
    Definition of Tax “Taxes are compulsory payment to government without expectation of direct return in benefit to the tax payer” According to section 2 (62) of the ITO (Income Tax Ordinance) 1984: “Tax means the income tax payable under ordinance and includes any additional tax, excess profit tax, penalty, interest, fees or other charges leviable or payable under this ordinance.” Characteristics of Tax i. Tax is a payment to the government by the people. ii. Payment of taxes is...
    1,081 Words | 5 Pages
  • Sin Tax - 294 Words
    Sin Tax: Form Your Own Opinion Use complete sentences and save this form to KSpall’s folder on www.saveschoolwork.com. Lastname.Sintax.doc or write our your answers and turn in at end of period. Reference Websites: Use these websites and others you find on your own. http://micurl.com/dvEii (Sin Taxes in Chicago) http://micurl.com/jejjk (History of Sin Taxes) http://micurl.com/bnlzt (President Obama’s recent comments on taxing soda) http://nofoodtaxes.com (Americans Against Food Taxes)...
    294 Words | 2 Pages
  • sin tax - 434 Words
     Topic Outline Effects of Sin Tax Law to Selected Bar Establishments in Dumaguete City Thesis: Although the sin tax law helps the country’s economy by raising the governments collected revenue which accounts for public use, it also results bar owners to eventually lay off workers to the extent of closing their business due to higher tax collection and sudden reduction of consumers. Introduction I. Sin Tax A. Definition B. History II....
    434 Words | 2 Pages
  • The Flat Tax - 492 Words
    Taxation has always been a major controversy. Just like any major corporation, the government is constantly looking to raise revenue. The easiest and fairest way to do this is by taxing the people. However, how the people will be taxed is always an issue. The current tax system that the United States uses contains several flaws. First of all, it is very complex. It is comprised of many various variables that can create loopholes. These loopholes can cause two equal income families to...
    492 Words | 2 Pages
  • Maldives Tax - 2996 Words
    Tax in Maldives Over the few years Maldives economy has grown very much. Various opportunities have been open to investors and small scale business, in Maldives and the income that the government get also has increase in the past years. The tax has also effects many house holds and business. With the changes of laws and regulations there are many new taxes and royalties that are taken in from the public and the business organization. In this essay I am going to highlight the effects of...
    2,996 Words | 9 Pages
  • Tax Aggressiveness - 823 Words
    Tax Aggressiveness “Over and over again courts have said that there is nothing sinister in arranging one’s affairs so as to keep taxes as low as possible. Everybody does so, rich or poor, and all do right, for nobody owes any public duty to pay more taxes than the law demands. Taxes are enforced exactions, not voluntary contributions.” (Hand, 1947). It is this view­point that spurs management towards tax aggressive behavior. Tax aggressive behavior can be broken down into ...
    823 Words | 1 Page
  • Tax Administration - 2381 Words
    A RESEARCH PROPOSAL ASSESSING THE EFFECTIVENESS AND EFFECIENCY OF TAX ADMINISTRATION IN KUMASI BACKGROUND OF THE STUDY Tax administration attaches great importance to all forms of taxes, in the sense that they aim at reducing tax evasion to its minimum level. Ghana has relatively a long tax history on tax administration. According to the Report of the Tax Review Commission (Parts 1, 2 & 3)," Accra, (1977) the first custom law was first passed under colonial rule in 1855 and later...
    2,381 Words | 7 Pages
  • Tax Reforms - 1507 Words
    IMPACT OF TAX REFORMS SINCE 1991 Tax reform since 1991 was initiated as a part of the structural reform process, following the economic crisis of 1991. Direct Tax Reforms: 1. As per the recommendations of the TRC the personal tax brackets were only three, of 20, 30, and 40% starting in 1992–93. Financial assets were excluded from the wealth tax, and the maximum marginal rate was reduced to 1%. 2. Further reductions came in 1997–98, when the three rates were brought down further to 10, 20,...
    1,507 Words | 5 Pages
  • Tax Reform - 1577 Words
    Understanding Federal Income Tax Taxes have been part of our economy for a long time and are enforced by the government or other agencies, on income and expenses. Taxation in the United States began when it was composed of colonies. During this time taxes were imposed on commodities through legislative such as the Stamp Act, the Sugar Act, Townshend Revenue Act, and Tea Act. Later, in 1913, the states ratified the sixteenth amendment, which gave congress power to tax incomes. Taxes were...
    1,577 Words | 4 Pages
  • Tax and Reagan - 1587 Words
    At the end of the Carter presidency, the nation’s idealistic dreams of the 60’s was worn down by inflation, foreign policy turmoil and rising crime rate, the nation was troubled by the late 70’s. Due to this many Americans were ready to embrace a new conservatism in social, economic and political life in the 80’s. In the 1980 bid for President, Reagan won the Republican nomination after two failed attempts in 1968 and 1976. Although Ronald Reagan once held Democratic views, he grew more...
    1,587 Words | 5 Pages
  • Tax Shield - 1425 Words
    [pic] | | | |PROGRAMME |Presessional Courses | | | | |CLASS |Reading and Study...
    1,425 Words | 8 Pages
  • Tax Avoidance - 835 Words
    TAX AVOIDANCE -By Ramesh Badhri Narayan(12741880) Vijayakumar Muniyandi (12741572) Punjabi Nikhil Prakash (12744129) LIM QI CHONG (12782025) Koundompalayam Jagannathan Meignanam(12742198) 1.0 Tax Avoidance:- An Arrangement where the intention is to avoid or defer tax obligations. Various means of approach- from mass marketed (advertised to general public) to specialist financial arrangements offered directly to investors. Certain Schemes can be camouflaged as legal...
    835 Words | 3 Pages
  • Tax Petition - 2370 Words
    United States Tax Court Miles and Jack Vineyards, Inc. Petitioner V. Commissioner of Internal Revenue, Respondent § § § § § § § § § § § Docket No. Petition Miles Raymond (“Miles”) the Petitioner, by his attorney, David Nguyen, hereby petitions for a redetermination of the deficiencies the Commissioner of Internal Revenue (the “Commissioner”) has set forth in the notice of deficiency dated January 25, 2013. The notice was sent via the IRS Los Angeles, California...
    2,370 Words | 10 Pages
  • Sin Tax - 612 Words
    Summary: The sin tax law, or the law that raises taxes on tobacco and alcohol products, took affect last January 1, 2013. The law has been sugarcoated as a necessary imposition if the country is ever to curtail the people’s patronage of product scientifically proven to be harmful to health. The hazard they pose against public should have been enough to make the product illegal, in the same manner that certain substances have in fact been banned. But constitutional right and fears of public...
    612 Words | 2 Pages
  • Tax Elasticity - 2800 Words
    Anthony Cunningham Microeconomics Mr. G. E. Fitzgerald October 17, 2012 Tax Elasticity and Tax Policy No matter what, taxes matter. People talk about them, complain about them, and try to dodge them when they can. Businesses also react to taxes, both in how they organize their activities and, perhaps, in where they carry them out. How people and businesses react in turn affects the level and structure of taxation. The purpose of taxation is to raise revenue to pay for public goods,...
    2,800 Words | 9 Pages
  • What Is Tax - 1583 Words
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  • TAX HARDCOPY - 5616 Words
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  • Income Tax - 782 Words
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  • Tax Avoidance - 1529 Words
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  • Service Tax - 410 Words
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  • Tax Accounting - 10214 Words
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  • Definition of Tax - 3014 Words
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  • Tax Administration - 6291 Words
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  • Tax Laws - 52851 Words
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  • Indirect Tax - 814 Words
    Indirect Tax Indirect taxes include value added tax, a range of excise duties on oil, tobacco and alcohol and fuel duty. VAT is levied on the sale of goods by registered businesses. Businesses add VAT to the price they charge when they provide goods and services to business customers - and non-business customers. There are different VAT rates, depending on the goods or services that are being provided. At the moment there are three rates: standard rate – 20%, reduced rate - 5 %, zero rate -...
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  • Tax Is Theft - 532 Words
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  • Tax Types - 320 Words
    Tax is of two types Direct Tax and Indirect Tax. Direct Tax is the tax, which is paid directly by people to the government, while indirect tax is the tax, which is paid indirectly by people to the government. Income Tax is paid directly to the government therefore it is a direct tax while excise duty is paid by people to the manufacturer who pays it to the government, therefore it is an indirect tax. The Constitution of India (COI) has given power to levy tax to central and state government...
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  • Tax Memoradum - 330 Words
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  • Income Tax - 7277 Words
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  • Vietnam Tax - 23064 Words
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  • Tax Case - 3084 Words
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  • Tax Quiz - 263 Words
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  • Tax in Uk - 1973 Words
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  • Tax Compliance - 15033 Words
    CHAPTER 1 INTRODUCTION AND ITS BACKGROUND INTRODUCTION: A sound tax system should identify surpluses in the economy and should tax in such a fashion as to cause minimal damage to productive activity. Tax collection should act as a catalyst for economic growth, Ideally a tax system should be neutral with respect to its effect on economic behavior. In the real world, however, it is impossible to achieve neutrality. Administrative feasibility and practicability are two important constraints...
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  • Tax Management - 6438 Words
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  • Tax Havens - 321 Words
    A tax haven is a state, country or territory where certain taxes are levied at a low rate or not at all.Individuals and/or corporate entities can find it attractive to establish shell subsidiaries or move themselves to areas with reduced or nil taxation levels relative to typical international taxation. This creates a situation of tax competition among governments. Different jurisdictions tend to be havens for different types of taxes, and for different categories of people and/or...
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  • History of Tax - 630 Words
    Levy for public purpose. To levy a tax means to impose or to charge or to collect a tax from those to whom it is addressed. Technically however, to levy is to pass on laws or ordinances imposing a tax or duty upon specific group of taxpayers. Under this concept, the impelling reason for the imposition of the tax must be the welfare of the public, in general. This follows that the proceeds from such imposition shall inure to the benefit of the public. In one case, a certain imposition was...
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  • Tax Memorandum - 520 Words
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  • Income Tax - 17048 Words
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  • Tax Implications - 643 Words
    ImRetiree Preference is towards 3% tax on retail sales. The ratio of tax distribution is most equitable in retail tax. I believe that every individual is responsible for contributing to the nation’s tax revenue despite age, but I believe that retirees should have the least contribution as they have already paid their dues to society from all the years they have previously worked. With this in mind, the retail tax is the fairest solution due to it being the most equal in distribution. Each...
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  • Sin Tax - 284 Words
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  • Tax Auditor - 1332 Words
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  • Tax and Government - 29439 Words
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  • Tax Compliance - 8083 Words
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    8,083 Words | 22 Pages
  • tax evasion - 4616 Words
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  • Tax Essay - 2957 Words
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    2,957 Words | 10 Pages
  • Tax Structure - 6889 Words
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    6,889 Words | 25 Pages
  • Tax and Payroll - 5259 Words
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    5,259 Words | 24 Pages
  • TAX CREDITS - 2332 Words
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    2,332 Words | 7 Pages
  • Estate tax - 1449 Words
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    1,449 Words | 8 Pages
  • Excise Tax - 298 Words
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    298 Words | 1 Page
  • Tax Evasion - 2142 Words
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    2,142 Words | 7 Pages

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