TAX AVOIDANCE -By Ramesh Badhri Narayan(12741880) Vijayakumar Muniyandi (12741572) Punjabi Nikhil Prakash (12744129) LIM QI CHONG (12782025) Koundompalayam Jagannathan Meignanam(12742198) 1.0 Tax Avoidance:- An Arrangement where the intention is to avoid or defer tax obligations. Various means of approach- from mass marketed (advertised to general public) to specialist financial arrangements offered directly to investors. Certain Schemes can be camouflaged as legal financial
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THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF LAW ON ENTERPRISE INCOME TAX NO.14/2008/QH12 AND GUIDELINES ON IMPLEMENTATION OF DECREE NO.124/2008/ND-CP DATED DECEMBER 11‚ 2008‚ DECREE NO.122/2011/ND-CP DATED DECEMBER 27‚ 2011 OF THE GOVERNMENT DETAILING THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF LAW ON ENTERPRISE INCOME TAX Pursuant to the Law on Enterprise Income Tax No. 14/2008/QH12 dated June 03‚ 2008; Pursuant to the Tax Administration Law No. 78/2006/QH11 dated November 29‚ 2006; Pursuant
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has spent a majority of our federal funding to support warfare‚ our government had to cut back on allot of public programs. With the lack of money in circulation‚ many business owners have had to cut back on wages as well as their employees. Majority of uninsured people state that they do not have health insurance simply because they just cannot afford it. In an attempt to create a solution‚ President Barrack Obama came up with a universal healthcare program called the Patient Protection and Affordable
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Summarize the sources and objectives of modern income tax statutes. The primary source of US tax law is Congress. Power to initiate tax legislation is vested in the House of Representatives but all tax bills must pass both houses and be signed into law by the President. Many times the details of the legislation are not dictated by Congress‚ but left to the Treasury Department which adopts regulations (that have the force of law) to spell out the details as well as interpret the statutes and provide
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Case Study: The Impacts of the Affordable Health Care Act: How reasonable are the Projections Roshni Padala Ferris State University Project 644 – Professor Steven Schuiling Introduction: ACA (Affordable Care Act) was signed by President Obama on March 23rd 2010 to reform the US medical system. ACA changes the non-group insurance markets in the US and each individual should have health insurance which helps significantly to develop the markets of the public insurance and support the
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U.S. is falling into a recession and domestic industries and markets are collapsing * Partly because of the integration of the U.S. economy in the world economy‚ the world is slipping into a global recession Obama’s views on globalization * Obama believes globalization will continue to be beneficial to the U.S. if we pursue multilateral trade agreements judiciously * He believes that globalization will continue with or without the U.S. being a main participant He believes we must “embrace”
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Introduction Just as death and taxes are certainties in this world‚ so are ways and means to minimize if not eliminate altogether one’s tax liabilities.Attempts to escape the tax net may take any one of two forms: tax evasion and tax avoidance. Tax evasion may be defined as the act of reducing taxes by illegal or fraudulent means.1Common practices of tax evasion include: under-reporting of income‚ over-statement of expenses‚ use of fictitious receipts‚ the keeping of double sets of books‚
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the same with no support‚ extra-curricular activities. The tax didn’t change anything for our schools. Our books still old and falling apart. People from Pepsi quit their job because they thought they weren’t getting paid enough. The soda tax should affect their paycheck. This is really an outrage and it is affecting not only the jobs at Pepsi Co. also it is effecting the stores who are not selling as much sodas and juices due to the tax. This affects the peoples’ families as well because the operations
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FINAL WEALTH TAX Accepting the recommendations of N. Kaldor to introduce “integrated direct tax system” in India‚ Wealth Tax Act‚ 1957 was enacted. The Act was amended from time to time. The major objective of wealth tax has been attainment of equity objective of tax policy because wealth is considered as the major source of inequalities. The wealth taxation in India is applicable to all citizens of the country and is also called the wealth tax act‚ 1957. This is also considered to be direct
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due to the shortage of gas supply for thermal power stations and less availability of water for the hydel power stations‚ sources said. The Assam Power Distribution Company Limited (APDCL) has been forced to resort to frequent and prolonged power cuts due to the shortage of power generation‚ they said. The situation was likely to improve within a couple of days as work was on to restore the transmission towers. However‚ the gap between the demand and supply of power would continue to exist till
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