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 including revamping of the tax administration in order to obtain significant improvements in compliance. Based on the more detailed analysis
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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 Increasing
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WHAT IS TAX PLANNING ? Tax planning is an essential part of your financial planning. Efficient tax planning enables you to reduce your tax liability to the minimum. This is done by legitimately taking advantage of all tax exemptions‚ deductions rebates and allowances while ensuring that your investments are in line with your long term goals. Tax-planning amounts to making investments or contributions in line with prescribed guidelines that lead to reduction in tax liability. Simply put‚ the tax liability
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with the feces of a thousand pigs. When the noun smell becomes the adjective smelly‚ it changes the meaning-- changes it from an engaging alluring scent to a repulsive‚ vile one. This bad smell resembles the scents of Farty Fred‚ Pig-Pen‚ and David Smith. Groomed and gas filled‚ Farty Fred fears the gas inside him. Hurting‚ bloating‚ rumbling—these symptoms worry Fred he might blow. Judges look closely at him while they examine his smooth fur‚ confident walk‚ and sharp teeth; his perfection could
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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 administration
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a British shop‚ as it is in‚ say‚ a Turkish market. If you want to return something which you have bought to a shop‚ you may be given a refund‚ i.e. your money] will be returned‚ provided you have a receipt. The money that you pay for services‚ e.g. to a school or a lawyer‚ is usually called a fee o fees; the money paid for a journey is a fare. If you buy something that you feel was very good value‚ it’s a bargain. If you feel that it is definitely not worth what you paid for it‚ then
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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‚ but
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Persuasive Speech Tax on Cigarettes I. Opening Statement of Interest- Imagine every year a town the size of Bakersfield disappearing‚ well you don’t have to imagine because it’s happening already. A. Speaker Credibility- According to Centers for disease control and prevention 443‚000 people die prematurely from smoking or exposure to secondhand smoke‚ another 8.6 million people live with a serious illness caused by smoking. Despite the factors of smoking 46.6 million adults in the
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RESEARCH MEMORANDOM (Question 1) Facts: | Alex and Amanda Adams were married 22 years ago and have two children‚ Anne and Alex Jr. On June 2‚ 2011‚ after a particularly fierce argument‚ Alex packed his clothes and left for parts unknown. Amanda has neither seen nor heard from him since. Anne graduated from Wayne State University on May 7‚ 2011. Prior to her graduation Anne had been a full time student. During the year‚ Anne (born October 5‚ 1990) earned $7‚000 from a life guarding job and
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(expenditure) to buy goods and services. They are paid partly by consumers‚ but are paid to the government by producers. It is placed upon the selling price of a product‚ so it increases the firm’s cost of production and shift the supply curve for the product vertically upwards by the amount of the tax. There are two types of indirect taxes: 1) a specific tax : this is a fixed amount of tax per unit imposed upon a product and 2) an ad valorem tax: this is where the tax is a percentage of the selling
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