income taxation in Bangladesh tax system. The main purpose of the study is to determine how the burden of personal and corporation income taxes is allocated among taxpayers of different income groups. In case of personal income taxes it shows that only 13 percent taxpayers paying around 73 percent of tax revenue collected through personal income taxes and interestingly about 53 percent taxpayers pay only 0.08 percent taxes. In case of corporation income taxes the study shows similar results. For privately
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........................................................................................................5 Campbell and Bailyn’s Boston Office: Managing the Reorganization.............................................13 The Rise of President Barack Hussein Obama..............................................................................23 2. TEAMWORK TURMOIL Tony Marshall‚ a second-year learning team mentor‚ stared at his notes again. His interaction with the team last night confirmed what he
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Diamond cut Diamond A merchant‚ after many years of poverty and hard work‚ moved to a distant region and grew rich. He decided to go home. A man told him that his road was beset by thieves‚ and the merchant left his box of jewels with him until he could get men of his own family to accompany him. When he returned‚ the man denied that it had ever happened‚ and threw him out of the shop. Koosby Ram saw him sitting on the road‚ and asked him what had happened. Then he told him to go back the next
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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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There is a very clear distinction between tax avoidance and tax evasion from academic publications. Tax books have defined tax avoidance as “the lawful minimization of tax liability through sound financial planning techniques‚ while tax evasion is the “unlawful attempt to minimize tax liability through fraudulent techniques to circumvent or frustrate tax laws”. The consequences of either action are also clear. The former is not punishable by law while the latter is. However‚ the lines between evasion
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I have to agree with President Obama on one issue‚ poisonous gas should not‚ must not ever be used against any living thing; however I do not think that the United States should bear the full cost of any action taken against Syria. President Obama’s passionate appeal to retaliate against the Syrian regime for the death of hundreds of children appears hollow when we consider what the US did in Iraq under the same pretext of weapons of mass destruction. The US bombing and the consequential war killed
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United States‚ which is called Obamacare. President Barack Obama signed the Patient Protection and Affordable Care Act into law on March 20‚ 2010. Obamacare is a nickname for the set of health care reform rules found in the Patient Protection and Affordable Care Act. Obamacare has indeed reduced the number of Americans without insurance. This insurance has two big declared goals to reduce the number of Americans who lack health insurance and to cut health spending that doesn’t give good value for money
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of the study Before the introduction of formal taxes the chiefs of the Gold Coast had their own system of taxing the people. For instance in GA it was called “too” Ashanti there were taxes like “assaseto” it was to raise revenue through direct tax so during the assembly of chiefs summoned at Cape Coast in 19th April 1852‚ the Governor Major Hill passed a Poll Tax Ordinance. The poll tax ordinance imposed tax of one shilling per head on each man‚ woman and child in the colony. The poll tax was to
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Soda Tax: The Beginning of the End The government plans to tax sugary drinks to lower consumption and reduce obesity rates. It is a tax that is justified‚ because a high majority of its consumers are obese and our government believes they should step in and do something about it. There are positive aspects of a soda tax‚ but it would also be a violation of freedom of choice‚ with many other red flags as well. The government simply‚ has too much involvement with our personal lives. Placing a
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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 and allowances
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