within a specified territory‚ without regard to their property‚ occupation or business. Ex. Community tax (basic) B. property- imposed on property‚ real or personal‚ in proportion to its value‚ or in accordance with some reasonable method or apportionment. Ex. Real estate Tax C. Excise- imposed upon the performance of an act‚ the enjoyment of a privilege‚ or the engaging in an occupation‚ profession or business. Ex. Income tax‚ VAT‚ Estate Tax‚ Donor’s 2. As to who bears the burden of the tax
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Working Paper‚ University of Frankfurt am Main. Finsinger‚ J. and Pauly‚ M. (1990) `The double liability rule’‚ Geneva Papers on Risk and Insurance‚ 15: 159 74. Hillegeist‚ S. A. (1999) `Financial reporting and auditing under alternative damage apportionment rules’‚ Accounting Review‚ 74: 347 69. Holmstrom‚ B. (1982) `Moral hazard in teams’‚ Bell Journal of Economics‚ 13: 324 40. King‚ R. R. and Schwartz‚ R. (1996) `Commentary on the Private Security Litigation The welfare-increasing effect of liability
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LWB364 INTRODUCTION TO TAXATION LAW SEMESTER 1‚ 2011 LINA TERRESA BUI 1 Lina Terresa Bui RESIDENCE 2 Lina Terresa Bui STATE THE ISSUE The issue which arises on the facts is whether the [taxpayer] is a resident for tax purposes. BACKGROUND The general jurisdictional rules provide: Residents are assessed on their ordinary income and statutory income from all sources (ss 6-5(2)‚ 6-10(4) ITAA97) Foreign residents are assessed on their ordinary income and statutory income from
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EXPECTATION OF OUR ARMY FROM YOUNG OFFICER’S 1. Introduction. Youth is the golden stage of life. Only young generation can take the challenge to face any kind of difficulties. Because they believe in their strength and power of youth. They do not loose their heart and work with patience; sincere efforts and hard work have got reward of its own. So young generation plays a vital role to maintain the peace in our daily life. Army is such a institution who wants the spirit of youth. Officers
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deficit financing. Ans: We must finish all deficit loaning. 2. We must endeavor to correct this problem by expediting delivery. Ans: We must attempt to correct this problem by prompt delivery. 3. A proportionate tax consumes a determine apportionment of one’s monetary flow. Ans: A proportionate tax uses a decide issuance of one’s income. 4. Business has an inordinate influence on governmental operations. Ans: Business has an extra influence on government. 5. It is imperative that consumers
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TRANSFER OF PROPERTY ACT M. S. RAMA RAO B.Sc.‚ M.A.‚ M.L. Class-room live lectures edited‚ enlarged and updated Msrlawbooks TRANSFER OF PROPERTY 1929 By M S RAMA RAO B.Sc.‚M.A.‚M.L.‚ Page 1 msrlawbooks© Transfer of property >>>>> INTRODUCTION Transfer of Property is the most difficult subject‚ next only to jurisprudence. The reason is that it deals with certain doctrines having their Origin in the Common Law of England‚ some totally alien to the Indian Concepts. The
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Case 5-1 Income Smoothing a. Firstly‚ investors tend to invest in companies with stable earnings rather than one with volatile earnings. With stable earnings‚ there will be more likely an issuance of dividends and investors could easily predict the company’s future earnings compared to one with unstable earnings. With consistent earnings generated‚ it gives investors a secured feeling that it will again generate earnings as predicted. Confidence in the growth of rate of earnings is crucial because
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. 7 -"I > NOV 2010 Roll No. ............................ Total No. of Questions - 7 IPee GROUp.I PAPER.! A€COUNTINQ TotalNo. of PrintedPages - 16 Time Allowed: 3 Hours Maximum Marks: 100 . AKG. Answers to questions are to be given only in English except in the case of candidates who have opted for Hindi Medium. If a candidate has not opted for Hindi medium‚ his answers in Hindi will not be valued. Q. No.1 is compulsory. Attempt any five questions from the remaining
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TAXATION An involuntary fee levied on corporations or individuals that is enforced by a level of government in order to finance government activities. TAXES Compulsory monetary contribution to the state’s revenue‚ assessed and imposed by a government on the activities‚ enjoyment‚ expenditure‚ income‚ occupation‚ privilege‚ property‚ etc.‚ of individuals and organizations. A fee charged ("levied") by a government on a product‚ income‚ or activity. If tax is levied directly on personal or corporate
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ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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