The term export is derived from the conceptual meaning as to ship goods and services out of the port of a country. There are varied reasons why businesses enter into exporting. Some may say that there is a need for exporting if a product or service is applicable to a wider market and has been tested to be efficient‚ chances are‚ it will prove to be profitable in the international market. Exporting is also a low cost activity to get involved in the international business and thus expanding profit
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The Types of Legitimate Domination By Max Weber In The Types of Legitimate Domination‚ Weber claims there are three ideal-types of basis for legitimate authority: rational/legal‚ traditional‚ and charismatic. Rational/legal is legal authority that comes from rules such as police officers‚ senators‚ etc. Traditional is authority that comes from traditions and the belief in the sanctity of “the way it has been done before” such as priests‚ queens‚ etc. The final type of power is charismatic which
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(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 provide the largest single source of government revenues in most developed countries or developing
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Question 2 (40 marks) Ivan Wong has run a transportation business for many years under the name of Ivan Wong & Co. The following information is provided by Ivan for his business. 1. Tax written down values of the plant and machinery brought forward from the year of assessment 2012/13 (The year end date of the business is March 31) are: $ 20% Pool 20‚000 30% Pool 110‚000 2. Movements of the plant and machinery in the year ended March 31‚ 2014: (i) 1 motor van (AA = 30%) costing $330‚000 with accumulated
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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 strategies
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to globalization‚ government of many such countries has to cut down such duties and levies. It seems that government might have to collect more money either through VAT (Value Added Tax) or from direct taxes. In Bangladesh VAT introduced in 1991 by replacing the sales taxes is still known as the vital reform in Bangladesh revenue structure. The remaining potential sector is the income taxes sharing almost all taxes coming through direct sources. Tax base is too narrow and the tax law is full of exemptions
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competence of local officials to make local government units effective partners of the national government in the development of the country? With the changing concept of local governance‚ the local government personnel should be qualified and highly trained for their enabling or facilitative functions. A basic question that is raised is‚ do they have the competence to perform the enabling functions of local government? In the Philippines‚ both national and local governments have the responsibility
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Poll: Most Oppose Tax on Junk Food This poll was taken as part of CBS News’ "Where America Stands" series‚ an in-depth look at where the country stands today on key topics and an outlook for the future decade. -------------------------------------------------------------------------------- Most Americans want to lose weight‚ a new CBS News poll finds – but they do not favor a tax on junk food and do not believe that such a tax would help lower obersity. The poll results reveal that the vast
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EXPOR T IMPORT PROCEDURE AND DOCUMENTATION EXPORT IMPOR T PROCEDURE AND DOCUMENTATION COURSE OVERVIEW The world is forever changing‚ but the events that have taken place since1989 have been particularly dramatic. There have been border changes‚ in the name of country changes and technological innovations all of which have contributed to‚ altering the traditional depiction of countries in both shape and size. Our trading environment in terms of market structure and so we need new tools to
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How can tax cuts help revive the economy The tax cuts can help revive the economy simply because the people will pay less tax dollars‚ which in turn means that the consumer will have more money to spend. When people start spending more money‚ the economy will start circulating the money. This cycle will ultimately have a snowball effect‚ which will eventually revive the economic recession. Another reason why the government gives incentive for tax deductions is to simply have the big businesses
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