the mere realisation of a capital asset are not income but where what is done is truly the carrying on of a business‚ the proceeds will be on revenue account: California Copper Syndicate Ltd v Harris (Surveyor of Taxes) (1904) 5 TC 159; Commr of Taxation v Myer Emporium Ltd (1987) 163 CLR 199; 87 ATC 4363. 3Mere gifts : This proposition is grounded in Hayes v FCT (1956): a voluntary payment from A to B prima facie is not income; but that presumption will not apply when the payment is in substance
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Research Paper No. 1929 Federalism‚ Taxation‚ and Economic Growth John William Hatfield January 2006 RESEARCH PAPER SERIES Federalism‚ Taxation‚ and Economic Growth John William Hat…eld Graduate School of Business Stanford University January 2006 Abstract We show that federalism will lead to higher economic growth. We present a model of endogenous growth where government services‚ funded by income and capital taxes‚ are a component of production. In this model a decentralized government
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HONS) * Institution: Bahria University‚ Islamabad. * Year of completion: 2013 * Majors: Human Resource Management. | Work Information | Employer: Mark Industries Private Limited. * Position: Assistant to Manager Admin * Time period: May 2011 –March 2013 * Description: Company lacks in the specialized HR department‚ therefore all the functions of HR are managed by Admin Department. Task was to overlook the manpower requirement‚ the team formation‚ team availability on plant and the daily
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different than the U.S. Constitution? The Articles of Confederation and the U.S. Constitution differ in several ways. The U.S. Constitution created a court system which did not exist in the Articles of Confederation. The Constitution also gave the federal government more power‚ that way it could successfully function. These changes were important because if they weren’t done‚ our founding country probably would have failed‚ and we would not have the country we know today. Why were the Articles
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Changing the face of education: 5 trends in technology Changing the face of education: 5 trends in technology Blackboards are out; Smart Boards are in. For those who haven’t set foot in a classroom in a few years‚ schools may seem a bit like a foreign land. Educational technology has radically transformed how students learn today‚ and it isn’t just those enrolled in online schools who are noticing the difference. Whether a child attends a traditional classroom‚ a blended program or a college
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2011 Contrastive AnalysisR I The ways in which new words are formed‚ and the factors which govern their acceptance into the language‚ are generally taken very much for granted by the average speaker. To understand a word‚ it is not necessary to know how it is constructed‚ whether it is simple or... Premium 10989 Words 44 Pages A Comparative Analysis of Tenses in Newspapers Headlines and Reports A Comparative Analysis of Tenses in Newspapers Headlines and Reports Introduction. The aim of
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& Management Accounting (ACCO 330) Winter 2011 | |Sections: BB‚ CC‚ F‚ G‚ H | |EXAMINATION: |DATE: |TIME: 3 hours |# OF PAGES: | |MIDTERM EXAM |SUNDAY February 13th‚ 2011 |10:00 – 13:00
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-1- THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ECONOMICS ECON 3208/3291 ECONOMETRIC METHODS Mid-term exam SEMESTER 2‚ 2011 STUDENT NAME: ______________________________________________ STUDENT NUMBER:____________________________________________ TUTORIAL (DAY AND TIME):______________________________________ 1. TIME ALLOWED – 1 hour 2. READING TIME – 5 minutes 3. THIS EXAMINATION PAPER HAS 12 PAGES 4. INSTRUCTIONS: ANSWER ALL QUESTIONS ON THE EXAM PAPER. 5. THE MID-TERM EXAM IS WORTH
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Federal Reserve Luke SkyScrapper Finance 366 January 30‚ 2012 Joseph Vader Federal Reserve Federal reserve is the backbone of the US economy. The Federal Reserve serves as our country nation’s bank. The fed functions are to regulate our major financial institutions and control the flow of money in our country. The Federal Reserve System was created by the Congress because of the Federal Reserve Act in 1913 to fix some flaws of the national banking systems that become clearly visible
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Topic: Christmas Specific Purpose: To inform my audience about the celebration of Christmas. Central Idea: Christmas is one of the most popular Holiday’s. This holiday is celebrated by majority of the American population. Christmas is a holiday that can be celebrated through a religious belief‚ secular belief or both. Main Points: Today’s society Christmas is idolized by a man named Santa Clause through a person’s secular belief. A person that celebrates Christmas religiously particularly Christianity
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