your house‚ chasing you for ‘their’ money. Then‚ they start valuing and stealing your possessions. Next‚ it’s your house. Then‚ you get sent to prison. Then‚ you’re bankrupt with no future. The differences between a mugger in a dark alley and a law enforcement officer is the amount of money they demand from you (the government wants far more then the mugger) and the number of people backing them up. Also‚ if you don’t pay a mugger‚ he takes it by force. If you don’t pay the government‚ they ruin
Premium Theft Tax Robbery
2002 2/26/02 5:38 PM Book Review Why Tax the Rich? Efficiency‚ Equity‚ and Progressive Taxation Reuven S. Avi-Yonah† Does Atlas Shrug? The Economic Consequences of Taxing the Rich. Edited by Joel B. Slemrod.∗ Cambridge: Harvard University Press‚ 2000. Pp. 524. $57.95. In Greek mythology‚ Atlas was a giant who carried the world on his shoulders. In Ayn Rand’s 1957 novel Atlas Shrugged‚ Atlas represents the “ prime movers” —the talented few who bear the weight of the world’s economy.1 In the
Premium Tax Progressive tax Taxation
Hanoi University Faculty of International Studies ___________ ADAM SMITH – The father of modern economics Course: World history Instructors : Loic Diels Teaching assistance: Ta Thi Huong Ly Group 19: Nguyen Cam Anh
Premium Adam Smith Economics
Assignment on: PROBLEMS AND PROSPECTS OF DIRECT TAXATION IN INDIA By Manu Bansal (U311024) PGDM-RM-I-2011 Submitted to Prof.Sureswari Prasad Das Xavier Institute of Management‚ Bhubaneswar INRODUCTION TO DIRECT TAXATION:- ------------------------------------------------- General meaning In the general sense‚ a direct tax is one paid directly to the government by the persons (juristic or natural) on whom it is imposed (often accompanied by a tax return filed by the taxpayer). Examples include
Free Tax Taxation Income tax
Indirect Tax Indirect taxes include value added tax‚ a range of excise duties on oil‚ tobacco and alcohol and fuel duty. VAT is levied on the sale of goods by registered businesses. Businesses add VAT to the price they charge when they provide goods and services to business customers - and non-business customers. There are different VAT rates‚ depending on the goods or services that are being provided. At the moment there are three rates: standard rate – 20%‚ reduced rate - 5 %‚ zero rate -
Premium Value added tax Tax Indirect tax
SOUTH WALES AUSTRALIAN SCHOOL OF BUSINESS SCHOOL OF TAXATION & BUSINESS LAW TABL 5551 - TAXATION LAW SAMPLE CLASS TEST QUESTIONS 2013-14 Summer Semester Note: You must bring this document to Seminar 8 This document contains copyright material. The document was written by Dale Boccabella with contributions from Tom O’Sullivan‚ in the School of Taxation & Business Law for the private use of students undertaking the Taxation Law course at UNSW. No other use should be made of the information
Premium Taxation Bond Taxation in the United States
the topic of tax fraud. We will begin by introducing the basic concepts of tax fraud. Secondly‚ this paper will also delve into some of the laws that have been passed as punishment for those parties that decide to commit tax fraud. We will also highlight some of the more current examples of tax fraud that have been committed and the details that lead to the perpetrators being caught. Lastly we will discuss the role that criminal investigators have in the realm of tax fraud. Tax fraud can be
Premium Tax Internal Revenue Service Taxation in the United States
Income Tax Return Assignment You have your own CPA tax practice and you are greeted with new clients: Albert and Jenny Cunningham and their two children. You meet with them and they give you the information shown below. They would like you to prepare their tax return for 2013. They would like to file married filing jointly. NOTE: Reference to the “current tax year” below for the taxpayers‚ Albert and Jenny‚ it is for the calendar year 2013. Albert and Jenny Cunningham (both 42 years
Premium Taxation in the United States Insurance Taxation
EXAM –ACCT 349 1. Samantha Corporation owns a building with a fair market value of $70‚000 and an adjusted basis of $40‚000. It exchanges the building for land with a fair market value of $45‚000. Also assume that Samantha has a $10‚000 mortgage on the building. As part of the exchange‚ the owner of the land agrees to assume the mortgage and pay the corporation $15‚000 in cash. What are Samantha’s realized gain‚ recognized gain‚ and basis in the land? Gain 5000 2. Susan is a 30% limited
Premium Corporation Taxation Tax
Section 1: “Cigarette tax hike sparks panic buying” By Ashley Hall Updated Thu Apr 29‚ 2010 What is the main issue presented in the media report? Discuss what has actually happened: In the year of 2010‚ the Federal Government raised taxes on cigarettes by an extra 25 per cent‚ resulting in an increase price of $2.16 to every pack of 30 cigarettes. A proclamation stated by Prime Minister Kevin Rudd on the crackdown on Internet advertising of cigarettes was mentioned. Mr. Rudd also affirmed
Premium Management Education Marketing