Tax Preparing CPAs and Issues Related to Client Confidentiality The case talks about John Jones who is a CPA with 20 years of experience in preparing tax returns for clients. In 2013‚ Jones prepared a list of taxpayers that contained some specific information‚ which he could use to get in touch with those taxpayers for providing them with information regarding business and economic conditions‚ and also use these info for tax education and analysis purposes. As a result‚ the main objective of this
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2012 Italian Tax Mores By Arthur L. Kelly This is a case about unusual Italian tax approach to boost up the tax revenues; lack of honesty found in Italian financial reporting. An Italian tax culture of getting more tax amount and the US banks struggle to deal with a greedy Italian tax authorities in the game of negotiation and bargain. Absolutes: Bribery is wrong. Legal: Italian tax law was violated Moral philosophies: Teleological: The outcome of the actions of Italian tax structure and practices
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uncertainty Singapore Budget Commentary 2013 Foreword Greetings from your tax team at Deloitte. The Minister for Finance presented the 2013 Budget Statement on 25 February 2013 and we are pleased to provide our commentary on the tax and certain other changes proposed therein. Overall‚ Budget 2013 offers various tax measures and sets out the strategies to achieve quality growth and build an inclusive society for Singapore. The tax measures are further explored in our commentary. It should be noted that
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to this canon‚ every person have to pay tax according to their ‘ability to pay’. It simply doesn’t mean that all person have to pay equal amount of tax. It simple means‚ if a person is rich i.e.‚ his paying ability is high‚ he will pay high tax whereas if a person is poor‚ i.e. his paying ability is low‚ he will pay less tax. 2. Canon of Certainty: This canon states that the tax which an individual has to pay should be certain‚ not arbitrary. The tax payer should now in advance‚ how much he
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Deferred Tax Assets There are a few accounting differences between tax (IRS) accounting and US GAAP accounting. Some differences cause deferred tax asset which is a future tax benefit. For example‚ say a firm currently is offering a special onetime 2-year warranty when a customer purchases its product. The firm estimates that over a 2-year period it is likely to spend a total of $200‚000 in warranty repairs. The following presents the reported income for this 2-year period using US GAAP rules:
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Singapore Withholding Tax Withholding Tax is a form of levy placed on payments made to non-resident tax entities including employees‚ business partners and overseas agents. In accordance with IRAS tax rules‚ a person has a legal obligation to withhold a percentage of the payment‚ when he makes payments of a specified nature under the Singapore Income Tax Act‚ to a non-resident‚ and hence the Withholding Tax. What is Singapore Withholding Tax? For tax purposes in Singapore‚ Inland Revenue Authority
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behind tax breaks? Currently‚ class warfare has being wage against the wealthy and middle classes. Tax breaks are not for all classes. The elimination of tax breaks could help settle the conspiracy issues of class warfare. Everyone wants to live a good life and have equal opportunities and furthermore‚ we all know that is not new in our society. In our society today‚ arguments are still going on between Democrats and Republicans about the elimination of tax breaks. And the dispute of tax breaks is
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Carbon Emission and it’s Issues Recently‚ the amount of carbon emissions reached 40 billion tons. This is a record high‚ and is very damaging for Earth and humans alike. Carbon emission is a serious issue that can affect all of us in the near future. It is very harmful to the environment‚ but can also be delayed. Carbon emission is the total amount of carbon dioxide that are released in the air. There are natural and unnatural reasons for this. Nature‚ releases carbon dioxide‚ one of the most common
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Experiment 2: Aerobic Respiration in Beans We will evaluate respiration in beans by comparing carbon dioxide production between germinated and nongerminated beans. As shown in the balanced equation for cellular respiration‚ one of the byproducts is CO2 (carbon dioxide): C6H12O6 + 6 H2O + 6 O2 → energy + 6 CO2 + 12 H2O We will use a carbon dioxide indicator ( bromothymol blue) to show oxygen is being consumed and carbon dioxide is being released by the beans. Bromothymol blue is an indicator that turns yellow
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Carbon Dioxide Flash-Freezing Applied to Ice Cream Production by Teresa Susan Baker B.S. Mechanical Engineering B.S. Earth‚ Atmospheric‚ and Planetary Sciences Massachusetts Institute of Technology‚ 2003 SUBMITTED TO THE DEPARTMENT OF MECHANICAL ENGINEERING IN PARTIAL FULLFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE IN MECHANICAL ENGINEERING AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY FEBRUARY 2006 © 2006 Massachusetts Institute of Technology. All rights reserved
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