important component of the financial planning process is tax planning‚ which is the structuring of transactions with the intent reducing tax costs and gaining tax benefits. Strategic tax planning is a common occurrence in the business world because of its ability to help companies maximize their after-tax value. Typically‚ firms use the services of outside specialists‚ also known as tax researchers‚ in tax planning. The role of the tax specialist is to determine the optimal business decisions
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Adam TAX Tax is a fee charged by the government on a product‚ income activity. Unlike most transfers wich are voluntary‚ taxes are mandatory. It is mandatory because no one would have injective to contribute. The verb to "tax" appears in English usage as early as ca.1290. The word comes from the olde french "taxe" which is after the Latin "taxere". The noun "tax" appears in English sometime before 1327. Taxes can be divided to: - Direct - Indirect If tax is charged
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Goods and Services Tax- Australia To uphold a country’s political and economical stability‚ governments often implement policies. There are many different types of policies that a government would implement to stabilize their country. However‚ one significant policy that almost every country uses is tax. In particular‚ Australia and Canada use a value added tax known as the Goods and Services Tax (GST). Australia’s GST policy was introduced by the Howard government and went into effect on July
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course analyzes the tax treatment‚ tax problems and tax planning techniques involving transactions between corporations and their shareholders: transfers to corporations; capital structure; dividends and other distributions; stock redemptions and liquidations; stock dividends and preferred stock bailouts; and provides an introduction to S corporations. Prerequisite TA 330. 2. Course Objectives The objective of the course is to provide students with a firm understanding of tax issues concerning
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TAX INCENTIVES Alex Easson and Eric M. Zolt* OVERVIEW........................................................................................................................1 I. THE CASE FOR AND AGAINST TAX INCENTIVES..........................................6 A. Convention Wisdom ............................................................................................6 B. Advantages of Tax Incentives..............................................................................9 C. Disadvantages
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Germany ’s Tax Structure and System German Basic Law The power to impose taxes is divided between the federal government and the provinces‚ determined by German basic law (Taxation in Germany‚ 2000). Germany follows the principle of world wide taxation for individuals and also corporations (Your Tax in Germany‚ 2005). Non-residents are taxable only on income received from German companies. Germany also has about thirty varieties of non income taxes that are imposed on such things as lotteries
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there are other sources of revenue open to governments‚ including the use of non-tax revenue‚ loans and grants‚ taxation has been found to be the most reliable‚ dependable and sustainable in achieving economic independence and development in Ghana. Following this assertion‚ it can be said that while in the short-run‚ governments can borrow‚ print money or sell assets‚ in the long-run there has to be a properly run tax system to raise sufficient revenues to meet ever- increasing government expenditure
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What is Stamp Duty Land Tax? Stamp Duty Land Tax (SDLT) is generally payable on the purchase or transfer of property or land in the UK where the amount paid is above a certain threshold (£40‚000 or more). In addition most UK land and property transactions must be notified to HM Revenue & Customs (HMRC) on a Stamp Duty Land Tax return within a certain time limit - even if no tax is due. What value is SDLT charged on? Stamp Duty Land Tax (SDLT) may be payable when property or land is bought
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Carbon Nanofibers Carbon nanofibers can simply be known as nanostructures with bonded carbon atoms that has a molecule composed entirely of carbon in shape of hollow sphere‚ ellipsoid or tube. The layers are usually wrapped up to form carbon nanotubes. Nanotubes are usually constructed with length-to-diameter ratio of up to 132‚000‚000:1. Basically‚ carbon nanofibers can be used very commonly in future as the technology for it is really taking its shape. It can be used for sensors‚ bone growth‚
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Tax is of two types Direct Tax and Indirect Tax. Direct Tax is the tax‚ which is paid directly by people to the government‚ while indirect tax is the tax‚ which is paid indirectly by people to the government. Income Tax is paid directly to the government therefore it is a direct tax while excise duty is paid by people to the manufacturer who pays it to the government‚ therefore it is an indirect tax. The Constitution of India (COI) has given power to levy tax to central and state government
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