THE IMPACTS OF GOODS AND SERVICES TAX (GST) ON MIDDLE INCOME EARNERS IN MALAYSIA MOHD RIZAL PALIL1 MOHD ADHA IBRAHIM 2 Abstract The introduction of GST in Malaysia has called many arguments from various parties including academics‚ professionals and the nation (would become the taxpayers) on how GST affect goods pricesincrease or decrease. The consumers are worrying of the significant price increases on basic needs when the GST has fully implemented. With the relatively high living costs particularly
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Question 4 (22 marks) You‚ a CGA‚ are given the following information regarding Stoiche Anders. a. Stoiche Anders is 49 years old and is married to Dimmi. Stoiche has been employed by Fasco Ltd. for a number of years as an engineer. His salary for 2011 was $168‚898 as shown on his T4. Amounts paid by Fasco Ltd. on behalf of Stoiche and not included on his T4 are as follows: • Retirement counselling fee $ 1‚800 • Employer contributions to the company’s Registered Pension Plan $ 675 •
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Formation of Contracts Introduction An offer is the first step in the formation of a contract. It is something that creates a power of acceptance. It is a proposal made by one party to another to enter into a legally binding agreement with her. In Acme Grain Co. v. Wenaus‚ 1917‚ it was observed: ... To constitute a contract‚ there must be an offer by one person to another and an acceptance of that offer by the person to whom it is made. A mere statement of a person’s intention‚ or a declaration
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How the SWOT analysis can be used to make investment recommendations ——based on the case of “China Life Insurance Company Limited” Contents 1. Introduction 3 2. Company Overview 5 2.1 History and firm size 5 2.2 Product and service network 5 2.3 Financial overview 6 2.4 Strategic Objectives 6 3. SWOT analysis 7 3.1 Strengths 8 3.1.1 Financial achievement 8 3.1.2 Corporation operation 10 3.2 Weaknesses 11 3.2.1 Geographic concentration 12 3.2.2 Declining performance
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Purpose of Incarceration The purpose of incarceration is not a simple question to answer. A prison is designed to keep a segment of the population segregated from another segment of the population. Having a understanding of why the segregation s necessary helps the manager or administrator apply or request for funding. During budget crisis or a recession‚ the manager has to be able to identify and explain the purpose of incarceration so that government monies will be allocated to the correct areas
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Statement of Purpose I am excited at the prospect of pursuing a Masters in Accounting program (MAC) at North Carolina State University. I am confident that this program which integrates Accounting‚ Finance and Business studies is the most appropriate choice for me. Graduating from this program will enable me to carve out a career path in Accounting that I have always envisioned for myself here in the United States. My parents‚ who possess advance degrees in Business Administration‚ have been
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that these holy-wars were to prevent the spread of Islam‚ while caucasian cultures of Europe achieved “discovering” and conquering of many parts of the world and communities not before contacted from the outside world. Similar to American wars‚ the purposes proposed for conflict are propagated to the masses‚ while those in power do all they can to prevent the monetary and other selfish causes for this turmoil to unwrap‚ often
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African Journal of Economics Vol. 1 (5)‚ pp. 176-190‚ December‚ 2013. Available online at www.internationalscholarsjournals.org © International Scholars Journals Full Length Research Paper Competition in Ethiopian Banking Industry 1 Zerayehu Sime Eshete‚ 2Kagnew Wolde Tesome‚ 3Teshome Ketama Abebe 1 Research and Development Officer at CBE and now PhD candidate in Economics at University of Nairobi‚ Kenya. 2 Research and Development at CBE and now a PhD candidate in Economics at
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Income Tax Is not one Tax but an Aggregation Of Taxes Tax is a fee charge by the Govt. on any product income or activity. Taxes in India are of two types‚ Direct Tax and Indirect Tax. Direct Tax‚ like income tax‚ wealth tax‚ etc. are those whose burden falls directly on the taxpayer. The burden of indirect taxes‚ like service tax‚ VAT‚ etc. can be passed on to a third party. Income Tax is all income other than agricultural income levied and collected by the central government and shared
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Purpose of the Government The purpose of the government to me is ultimately having responsibility of the individuals living in society as well as the land that those individuals live on. The sole purpose for the government comes down to the wellbeing of individuals and what it can do to make sure that every single person has equal rights and liberties ‚ while bringing stability as well. The most important purpose
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