SOCIO-ECONOMIC PROBLEM OF TAX AVOIDANCE AND EVASION IN NIGERIA: AN OVERVIEW Dominic Asada LL.B. (Hons.) B.L‚ LL.M. Tax Avoidance and Evasion are some of the most perplexing problems facing the nation today. It is widely believed that there is a considerable difference between estimated revenue from taxation every year and what is actually collected. This disturbing aversion to taxation has some historical antecedents. Traditionally‚ there has always been a hostile response to the payment of tax by the people
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Chapter 6 Tax matters 1、 Why have tax? The Collins Concise English Dictionary (1992. P 1383) defines the word “tax” as: “a compulsory financial contribution imposed by a government to raise revenue‚ levied on income or property‚ on the prices of goods and services‚ etc. and to levy a tax on (persons‚ companies‚ etc.)” (Clinton Alley‚ 2008). there are several reasons can explain the existence of tax: The main function of taxation is the fiscal one. It is through fiscality that taxes play their
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Understanding Federal Income Tax Taxes have been part of our economy for a long time and are enforced by the government or other agencies‚ on income and expenses. Taxation in the United States began when it was composed of colonies. During this time taxes were imposed on commodities through legislative such as the Stamp Act‚ the Sugar Act‚ Townshend Revenue Act‚ and Tea Act. Later‚ in 1913‚ the states ratified the sixteenth amendment‚ which gave congress power to tax incomes. Taxes were imposed
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government losing money from tax avoidance. The BBC reported that some multinational companies use tax avoidance strategy to decrease the tax. It seems like these companies are lack of corporate social responsibility. However‚ tax avoidance does not equal to tax evasion. Some individuals assert that the government should publish a new policy to stop tax avoidance. While many others argue that it is blameless economic activity in the economic market to reduce the tax. Personally‚ I am in favor of
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3 DEALERS UNDER MVAT‚ 2002 6 4 INCIDENCE AND LEVY OF TAX 10 5 REGISTRATION 12 6 RATE FOR TAX APPLICABLE TO DEALERS 16 7 FILING OF RETURNS AND PAYMENT OF TAXES 17 8 RETURN FORMS AND PAYMENT OF TAX 19 9 REVISED RETURNS 20 10 TAX INVOICE 26 11 BIBLIOGRAPHY 28 INTRODUCTION ON MVAT This Act may be called the Maharashtra Value Added Tax Act‚ 2002. Maharashtra Value Added Tax (Levy and Amendment) Act‚ 2005. The system of Value Added Tax (VAT) has been implemented‚ in the State of Maharashtra
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players in the Harlem renaissance were writers and poets. However‚ it was poetry that many African Americans identified with. ‘Harlem’‚ or popularly referred to as the ‘Dream Deferred’ by Langston Hughes. In this poem‚ the reality
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What becomes of deferred dreams: “Harlem” In “Harlem‚” by Langston Hughes‚ the speaker wants the reader to consider the dangers of postponing their dreams. Through similes of imagery‚ he emphasizes the importance to consider dreams to be as real as flesh and vital as food. “Harlem” is a free verse poem consisting of eleven lines‚ which are broken into four stanzas. In the first stanza‚ the speaker offers a question‚ “What happens to a dream deferred?” which has infinite many answers. In stanzas
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In the poem “Harlem ( A Dream Deferred)” by Langston Hughes‚ he talks about dreams. Dreams that society has‚ dreams that he has. Not a dream that you have while your sleeping but a dream that you have and want to pursue. He addresses the questions of what happens when a persons dreams are destroyed. The author uses a lot of visual‚ descriptive language to try and show that nothing good can come from not achieving your dreams. For example he compares not realizing a dream to the stench of rotten
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2012‚ former President Barack Obama created and implemented‚ without any legal or constitutional authority some have accused‚ an immigration policy that would protect illegal minors from deportation and more (Spakovsky‚ 2017). This policy‚ called Deferred Action for Childhood Arrivals‚ or DACA for short‚ has recently been rescinded by current President Donald Trump. With the details of what is in store for hundreds of thousands of children and young adults still up in the air‚ there is much protest
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Tax accounting 1.461-2(c)(1) 1.461-4(d)(1) through (6) 1.461-4(e) 1.461-4(g)(1) through (7) 1.461-5 (a) through (c) Garber Abbey B [Abbey.B.Garber@IRSCOUNSEL.TREAS.GOV] Monday‚ February 04‚ 2013 11:30 PM Here are a few regulations Treas. Reg. sec. 1.461-1(a)(2)(i) Reg. sec. 1.461-1(a)(2)(ii) Reg. sec. 1.461-1(a)(3) Reg. sec. 1.461-1(c) We’ll work through these and more Thursday. Initial assignments for February 7: I.R.C. section 461 Look at Treas. Reg. Section 1.461-0
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