the year 2012 approached‚ the passing of the Sin Tax Bill grew into being the “talk of the town” – or perhaps‚ of the entire country. On the 20th of December of the same year‚ President Noynoy Aquino finally signed Republic Act No. 10351‚ better known as the Sin Tax Reform Act of 2012 which was implemented on January of the year 2013.The sin tax law is expected to raise 30 billion pesos ($750 million) which will be used for the health care services for over 5 million poor families just in 2013‚ its
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Mariela Quesada Written Assignment Business Law Spring 2012 The Declaration of Independence In the past centuries there have been millions of new emerging countries around the world. They all have attained their independence in different ways. Military rebellion‚ civil strife‚ and acts of heroism‚ to name a few‚ these actions have granted civilizations the right to freedom from oppressing powers. Violent confrontations which led to millions of lives lost in the battle field‚ acts of heroism
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relevance of Adam’s Smith canons and justify what other attributes I believe a good tax system should have. Formally‚ tax is defined as an involuntary fee enforced by the government in order to finance its activities. However‚ some perceive tax as the price we pay to live in a civilised society and it is a fundamental part of any developed economy. (Oliver Wendell Holmes) From my point of view‚ the purpose of tax is to fund the government‚ incentivise certain behaviour in order to achieve economic
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are again making history: for the past 15 years‚ we have been trying to reform the tax structure of imposing excise tax on tobacco and alcohol products. After 15 long years‚ we have finally succeeded.” “As the people’s servant‚ I shall personally ensure that this government shall implement the Sin Tax Reform Act of 2012 in a transparent and accountable manner starting Jan. 1‚ 2013‚” he said. Starting today‚ the tax on cigarettes packed by hand‚ which comprise the bulk of tobacco products sold in
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Levy for public purpose. To levy a tax means to impose or to charge or to collect a tax from those to whom it is addressed. Technically however‚ to levy is to pass on laws or ordinances imposing a tax or duty upon specific group of taxpayers. Under this concept‚ the impelling reason for the imposition of the tax must be the welfare of the public‚ in general. This follows that the proceeds from such imposition shall inure to the benefit of the public. In one case‚ a certain imposition was successfully
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Declaration of Independence The Declaration of Independence was written to show a new theory of government‚ reasons why they were separating from England‚ and a formal declaration of war. It gave the 13 colonies freedom from England’s laws to be independent. The man responsible for writing the Declaration was Thomas Jefferson. He wrote the Declaration between June 11‚ 1776 and June 28‚ 1776. But what was the purpose of the Declaration being written? The founders wrote the Declaration of Independence for ideological
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READINESS OF GOVERNMENT AUDITORS IN FRAUD DETECTION IN MALAYSIA 1.0 PROBLEM STATEMENT 1.1 Public sector governance requires the controlling and accounting officers to discharge their responsibilities of stewardship of public resources by being open‚ accountable‚ prudent in decision making‚ managing and delivering results. The provision of the Financial Procedure Act 1957 also places a high premium for controlling officers to be personally responsible and accountable for propriety and accountability
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reviewed Lander Company’s financial statements. However‚ in year 2‚ the Lander Company hired Tom Holstrum‚ CPA‚ to audit its financial statements. Should Tom meet with Joe‚ and would Joe be considered as a predecessor auditor? Sample Case 2 Solution: Problem Identification: Is a CPA who reviewed prior period financial statements considered as a predecessor auditor? Keywords: Review‚ predecessor auditor. Conclusion: AU-C 510.05 defines a predecessor auditor and AU-C 210.A27 provides guidance as to
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head: PROFESSIONAL DEVELOPMENT OF THE NURSING Professional Development of the Nursing Professionals Jennifer Grand Canyon University NRS 430V January 30‚ 2012 Professional Development of the Nursing Professionals In 2010 the Affordable Care ACT was signed into law. With these laws‚ the United States is being provided an opportunity to completely redesign its health care system. The model includes heath care that is easier to access‚ affordable by all‚ higher safety standards‚ and higher
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Nonetheless‚ some individuals criticised that the novel acted as more than a memory of war‚ lacked femininity‚ a There was an argument presented where The Sun Also Rises acts as a memory of war. In some aspects‚ the story may seem difficult to comprehend because it is a book of Hemingway’s memory from
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