[2012] HCA 11 (29 March 2012)1: A case on the taxation and administration of charitable trusts Overview of income tax exemption and charitable entities What is income tax? The answer may be simple. Further‚ basic understanding on definition of income is capable of answering why a charitable entity has optional privileges in its income tax obligation. The main reason for this special treatment is because its ’nature of charitable purposes’ arguably reflects its non-profit orientation‚ which means that
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Anida Palavra4A COMM 1020 Is it time for colleges and universities to pay their althletes? I believe that colleges should be allowed to pay athletes. The players risk injury‚ devote their time‚ may forego earnings while playing and will not‚ in most cases‚ be able to play professional ball. Colleges make often over 50 million-100 million dollars in revenues because ticket sales‚ sponsorship rights and the sale of broadcast rights. The NCCA sold broadcast rights over to its annual men’s basketball
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The Clayton antitrust act was passed in 1914. The act was drafted by Alabama Democrat Henry De Lamar Clayton. President Wilson instructed congress to come up with the act when he went into office in 1912. Wilson felt as though large companies had too many freedoms. The Act was put into effect to prohibit anticompetitive price discrimination‚ prohibit against certain tying and exclusive deal practices‚ expand power to private parties to sue and obtain triple damages‚ labor exemption that permitted
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Summarize the relevant facts of the case. The relevant facts of Echazabal v. Chevron USA are as follows. Mr. Echnazabal had been working at Chevron USA refinery since 1972 till 1996 until the events presented in the case unfolded. He was employed by independent maintenance contractors for the refinery and worked in the coker unit of the refinery. In 1992‚ when a job opening was posted by Chevron in the same coker unit as that of where Mr. Echnazabal worked‚ he applied for the position to be directly
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Microsoft Antitrust Case Did Microsoft violated the Antitrust Law? Microsoft Antitrust Case Introduction: Microsoft was formed in 1975 by a university drop out in his junior year called Bill Gates. Bill Gates has been successful to achieve the company’s vision‚ “we want PC on every desk in every home and office”. Microsoft which is a massive company today was only a small company in 1983. It headquarters contained only a small building next to the Burgermaster in Bellevue and another
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PERSONAL STATEMENT Prompt #2: Tell us about a personal quality‚ talent‚ accomplishment‚ contribution or experience that is important to you. What about this quality or accomplishment makes you proud‚ and how does it relate to the person you are? I’ve never been so interested in my spiritual life‚ my religion‚ and my service to others as I have been these past three years. One of the proudest moments of my life is when I was accepted into my school’s LIFE team‚ which stands for Living in Faith
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The Clayton Antitrust Act‚ It was passed in 1914‚ proscribes certain additional activities that had been discovered to fall outside the scope of the Sherman Antitrust Act. For example‚ the Clayton Act added certain practices to the list of impermissible activities: a. Price discrimination between different purchasers‚ if such discrimination tends to create a monopoly b. Exclusive dealing agreements c. Tying arrangements d. Mergers and acquisitions that substantially reduce market competition. EUROPEN
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It is well established that the advancement of religion is a charitable purpose. Although the laws relating to charities mostly developed from Judaeo-Christian context[1] more faiths and sects have now been accepted to fall under this category. To understand how these changes developed it is necessary to investigate how the courts previously determined charitable status for an organisation under the head of advancement of religion. There is no statutory definition of charity however before any
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TABLE OF CONTENTS About our Firm: 1 A summary of the qualifications of our team of experts who are ready to help you. Why should I learn more about estate planning? 3 What is estate planning? 4 Assessing your situation‚ drafting the documents‚ titling your assets. Estate planning worksheet 6 This provides the family background information needed to draft your estate planning documents. Plan of Distribution 10 Asset Checklist 12 Supplies facts
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Abstract The purpose of this paper is to explore why government regulation is needed and the threats of mergers and expansions of a company. The industry on assignment 1 that I chose was the cigarette industry. For the purpose of this paper‚ I use the false scenario of R. J. Reynolds Tobacco wanting to expand its company to make cigarette lighters and start a cigarette lighter collection line. Due to government regulation‚ a merger would be the better choice for R.J. Reynolds and they have started
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