Lecture Notes XIII Selected Topics on Philippine Taxation I. Sources of Revenue from Internal Revenue Tax Internal Revenue Taxes are taxes that are specifically provided by R.A 8424- The National Internal Revenue Code of the Philippines Section 21 of the NIRC provides the following taxes‚ fees and charges that are deemed to be National Internal Revenue Taxes: 1. Income tax is the right to earn an income by engaging in an occupation‚ the basis of which is the net taxable income. 2. Business
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Weiss‚ Tania APUSH-3 Mr. Hafter 9-7-14 DBQ In the 1600’s‚ the Puritans migrated to the Americas using their more Christian and traditional values to influence the economical‚ political‚ and social development of the New England colonies. The Puritans traveled out of a desire to create a more “pure” and more Christian society‚ not of primarily economic interests. The Puritan’s idea of what God’s indication of a perfect humanity made a lasting impression on New England. The region’s economic
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If You Can Dodge Maturity You Can Dodge Success In today’s society‚ ones potential for a successful future is based on how they carry themselves on an ordinary basis. Whether it be through the way they dress‚ or the general way in which they choose to live their life‚ it is the overall level of maturity or lack thereof that plays the greatest role in how they are viewed‚ and consequently how seriously they are taken. In the film Dodgeball‚ protagonist Peter La Fleur is struggling to make rent
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Task one Issues: 1. Are activities relating to use of land a business or a hobby? 2. Are the amounts related to the land deductible or not under general rules? * the loan to purchase the land and interest expense * council rates and insurance in respect of the land * payment to develop plans for proposed building 3. If no‚ is there a “specific deduction” section? References: ITAA97 s8-1---general deductions: you can deduct from your assessable income
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APUSH * ------------------------------------------------- Chapter 26 The Great West and the Agricultural Revolution ------------------------------------------------- 1. In post-Civil War America‚ Indians surrendered their lands only when they received solemn promises from the government that they would be left alone and provided with supplies on the remaining land. ------------------------------------------------- 2. In the warfare that raged between the Indians and the American military
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Solution to Assignment Problem 15-9 Facts: Ms. Morgan is the sole shareholder in her own CCPC The company qualifies for the SBD and its total tax rate is 15% Ms. Morgan’s tax rates are 29% Federal plus 12% provincial (= 41% total tax) Any dividends paid out by Ms. Morgan’s company are non-eligible dividends The provincial dividend tax credit is 25% of the gross-up NIFTP of the business is $170‚000‚ after deducting her salary of $84‚000 Objective: Ms. Morgan wishes to receive $20
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Running head: TAXATION AND PRIVE CONTROL ON THE ECONOMY Taxation and Price Control on the Economy March 22‚ 2009 Taxation‚ a system of raising money to back our government‚ in which all governments require payments of money-taxes-from people. The government use tax money to pay for expenses that are well needed such as: the service of America soldiers‚ police officers service‚ hospitals and the list go on. Without taxes to fund its endeavors‚ the government could not exist. Is the tax levied
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Li Zaihua S3420690 HP: 92336485 Singapore Budget 2014 – Earnst and Young Summary Budget 2014 has witnessed the effort from Government in the economic restructuring path by extending and refining tax incentives to boost productivity and promote innovation so as to sustain its competitiveness in the economy. At the same time‚ several measures were introduced to build an inclusive social structure of Singapore by providing financial support to the senior citizens and the lower income groups. In
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1) Settlement of Boston‚ Massachusetts‚ Plymouth‚ Puritans 2) To farm and harvest TOBACCO; slaves‚ plantation workers- TRIANGLE TRADE a) Reduced migration by increasing wages especially in Southern colonies b) Dependable work force c) Cheap labor 3) Mercantilism is the idea that colonies existed for the benefit of the Mother Country. In other words‚ the American colonists could be compared to tenants who ’paid rent’ by providing materials for export to Britain. Colonizing America meant that
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1. eIntroduction 1. Within twelve troubled years‚ the American people had risen up and thrown overboard both the British yoke and the Articles of Confederation (not best training for government) 2. Finances of the infant government were likewise precarious; the revenue had declined to a trickle‚ whereas the public debt‚ with interest heavily in arrears‚ was mountainous 3. Worthless paper money‚ state and national‚ was plentiful as metallic money was scarce 4. Nonetheless‚ the Americans were brashly
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