Cover Page ◦Title Corporate Governance: Relevance and significance in the current Corporate environment. ◦Abstract This article will discuss whether the concept of Corporate Governance appears to make a difference in the way in which companies are managed at board level. It will also briefly mention whether the recent economic turmoil in major and minor companies alike‚ would have been due to a lack of proper corporate governance. It will also explore in brief about the principles
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TAX REFORMS IN INDIA * About :- Tax reform is the process of changing the way taxes are collected or managed by the government. Tax reformers have different goals. Some seek to reduce the level of taxation of all people by the government. Some seek to make the tax system more progressive or less progressive. Others seek to simplify the tax system and make the system more understandable‚ or more accountable . Numerous organizations have
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Corporate welfare is a government’s special treatment to companies or even tax breaks and or grants given to a company on behalf of the government. Corporate welfare is usually at the expense of the citizens of America‚ even though it could also be at the expense of some corporations as some of these corporations receive more ‘special treatment’ than others. Our country has always had corporate welfare. It seems unfair to so many that tax breaks are given to corporations who cannot seem to take
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in S.E Hinton’s book The Outsiders. The setting of the book is east/west side of town. There are two groups in town‚ the socs and the greasers. They were a greaser or soc depending on what side of town they lived in. For example the greases lived on the east side and the socs lived on the west side of town. They setting affects the characters by developing their personality based on where they lived. The main characters in the book is Ponyboy. The setting affects him because Ponyboy is not a real
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Does the Corporate Governance Maximise Shareholders’ Wealth? | ITV PLC | | | | | Introduction/Key Objectives The main purpose of this report is to find out whether Corporate Governance (CG) does maximise shareholders’ wealth within a selected company. ITV PLC is the selected company for this report; their Annual Report (AR) 2011 will be used for statistical evidence. Also‚ existing theories will be applied to ITV PLC for qualitative evidence. Recommendations and advice will be given
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Ordinary income Tennant v Smith‚ (money or convertible into money) An employee was given accommodation rent free by his employer. Was this ordinary income? • The employee could not sublet the accommodation to anyone else‚ therefore could not turn this accommodation into cash. • The Court said it was not ordinary income under s. 25(1) (now s.6-5) since the accommodation was not convertible into money. • Not ordinary income under s.6-5. FCT v Cooke & Sherden. (money or convertible into money) Soft
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Lauren Smith From: Tax Accountant‚ CPA Date: August 22‚ 2012 Re: Deductibility of Education Expense Facts You incurred $15‚000 in education expense during the tax year in the course of earning an MBA from a local university. You wants to deduct these expenses on her tax return as an employee business expense‚ as your employer does not have an education expense reimbursement program. Issue The issue is (1) whether education expenses can be deductible on the tax return as an employee
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PAGE 1. INTRODUCTION……………………………………………………………… 1 1.1 Defining Corporate Governance………………………………………… 2 1.2 Principles of Corporate Governance……………………………………. 3 1.3 Importance of Corporate Governance………………………………….. 4 1.4 Objective…………………………………………………………………… 5 1. DIRECTORS & CORPORATE GOVERNANCE in INDIA……………….. 6 2.5 Need for Directors- Who is a Director…………………………………... 7 2.6 Statutory Definition
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and the Bush Tax Cuts A and B” 1. The Tax Cut of 2008: * As a business person‚ would you have wanted your congressman to vote for the tax cut of 2008. As a business owner I would have wanted the tax cut of 2008. At this time the economy was stalling‚ we were still at war‚ and consumer spending was starting to slow. With the uncertainty of the future with a new president‚ I would have wanted the tax cut. After reading and learning about the impact that the 2008 tax cut had on revenues
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Tax Return Worksheet Directions Review Gloria Ramsay’s tax return. Answer the following questions based on the information listed in her return. 1. Even though Gloria is single‚ her filing status is Head of Household. Why is Gloria able to file as head of household? Gloria is able to file head of house hold in this case because‚ she has a qualifying dependent. A qualifying dependent would be a closely related relative dependent that you have provided for maintaining a home for yourself
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