Tax Research Case Travel expense deduction A551 fall 2012 December 4‚ 2012 I. Facts The tax payer‚ Miss Teecher‚ is a teacher who teaches Latin American in high school for 4 years. She is 28 years old and single. She plans to have a travel to South America from June 4 to June 11 through the local university. She thinks it is a business travel since it can enhance his teaching abilities. She plans to spend about 2‚000USD during the trip. She wants to take 2 days to have sightseeing. Her
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QUESTION 1 Discuss the features of a good tax system and review the Malaysian income tax system in relation to those relevant features. Explain how you would bring about a better tax system‚ particular with reference to personal taxation‚ if you were given such an opportunity. Taxation means the government impose charges on the citizen and corporate entities in order to finance their expenditure. Taxation is use to encourage or discourage certain economic decision such as reduction in taxable personal
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practical experience of mechanism of collection of gift tax by National Board of Revenue (NBR). To complete the report successfully‚ we tried to gather information from News Paper‚ web sites. But the NBR does not provide information in the web site directly and even it does not publish total process to collect taxes from different sector. For this reason we had to visit NBR several times and thus we were successful to collect information about gift tax in Bangladesh. To complete this report‚ we have
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charge‚ often called a "sin tax‚" appeals to voters who view it as a way of discouraging consumption of certain objectionable products. It reduces the income of the buyer.Lowers profits for the seller‚ and leads to reduced investment‚ wages‚ and jobs.It is not likely to seriously discourage consumption habits when those habits are intensely desired.It may eventually decrease government revenue‚ especially as people move their business to the informal sector.It encourages people to turn to harder
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ORGANISATIONAL STRUCTURE Definition of corporate governance “…is the process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long term shareholder value‚ whilst taking into account the interest of other shareholders”. The Board of Directors (Board) of PETRONAS Gas Berhad in this Corporate Governance Statement complies with paragraph 15.25 of
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by Onipede Ibidunni Seun on Capital Gains Tax in Nigeria Introduction Discussing capital gain tax without first presenting a general overview of the entire concept of taxation will be tantamount to putting a cart before a horse. It is therefore very important that justice be done by explaining taxation and various types of taxes. Taxation: A General overview Tax and taxation has been variously defined by different authors. Oyegbile (1996) defines tax as a sum of money paid by citizens of a country
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16th amendment: Income Tax In America‚ one of the biggest tax bites on our income is the federal income tax‚ although state and local taxes also take a substantial bite. There are property taxes and sales taxes. Every time we fill up the gas tax‚ we are paying a tax. We pay so much taxes that some have calculated “tax freedom day”‚ as the day during the year when our nation has theoretically earned the income necessary to have paid our taxes for a year. We pay taxes to pay for government services
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PROJECT FRINGE BENEFIT TAX SUBMITTED BY PRIYANK JAGAWANSHI 08B088 priyankjagawanshi@gmail.com 2008-2013 VII SEMISTER SUBMITTED TO Mr. CHAMARTI RAMESH KUMAR ASSISTANT PROFESSOR OF LAW 1|P a ge CONTENTS ACKNOWLEDGEMENT 3 ABSTRACT 4 INTRODUCTION 5 FRINGE BENEFITS TAX (FBT) 6 LEGISLATION AND STATUTORY REGULATIONS 8 EXEMPTIONS IN FRINGE BENEFITS TAX 10 ABOLITION OF FBT – REASONS 11 IMPACT OF ABOLITION OF FRINGE BENEFITS TAX 14 CONCLUSION
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Definition of Corporate Governance “The process and structure used to direct and manage the affairs of the business towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long-term shareholder value‚ whilst taking into account the interests of other stakeholders”. Prior to the establishment of this definition‚ there were 4 others namely by; The Cadbury Report (1992) defined corporate governance as „a whole system of controls by which
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Ethiopia’s Trade Relation with the EAC and Sudan Ethiopian Economic Association Lead Researcher Kibre Moges Sponsored by Friedrich Ebert Stiftung May 2008 Addis Ababa Table of Contents Page List of Tables List of Figures Abbreviations Executive Summary iv v v vi 1. Introduction 1 2. Challenges and Opportunities of South-South Trade 2.1 Configuration of the current international trade integration 2.2 Policy initiated South-South trade integration 2.3 Opportunities and Challenges of trade Integration
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