Introduction: This report is to find out whether the tax avoidance arrangements exists in the situation of taxpayers restructured their business as a trading trust for the purposes of section BG1 of the Income Tax Act 2007. Issue: Mr A and Mr B‚ two independent shareholders work full time in the IT Consultancy business. They were paid $80‚000 salary each in the first year but decreased to $50‚000 in the second year because business has gone down due to earthquake. They had received a dividend
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TAXATION LAW I. General Principles POWER OF TAXATION TAXATION – power by which the sovereign through its law-making body raises revenue to defray the necessary expenses of government from among those who in some measure are privileged to enjoy its benefits and must bear its burdens. Two Fold Nature of the Power of Taxation 1. It is an inherent attribute of sovereignty 2. It is legislative in character Extent of Taxing Power Subject to constitutional and inherent restrictions
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the bill of rights protects civil liberties. People in the United States‚ hold civil rights‚ which are those privileges‚ immunities and rights held by all Americans and political rights‚ which are the rights that are restricted to those who are entitled to participate in elections‚ as candidates or voters. The distinction is important since not all are eligible to vote though they all should enjoy their freedoms. This may no longer be feasible as majority of the civil rights are taken to include
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impact every aspect of military life‚ from showering to housing‚ uniforms to identification. There are no current administrative policies to address physical fitness‚ privacy‚ records and identification‚ uniforms‚ and housing. National Center for Transgender Equality (2015) claims that “only simple administrative changes are needed to permit all qualified individuals to serve openly and honorably” are duplicitous. The DOD will need to modify every single Army and military policy and/or regulation
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responsibility or to account for one’s actions”. (Almazan) Throughout military history‚ accountability has been a key component that encapsulates every aspect of one’s duty and obligation. Fulfilling one’s duty and obligation requires the individual to be responsible for their actions. Therefore‚ failing to be accountable means failing your duty and obligation not only to yourself but to the military as well. Since many nations rely on their militaries to serve and protect the country’s well-being‚ it is understandable
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The Importance of Following Army Regulations The army regulations have been put in place to create a standard to uphold‚ measure abilities‚ and create uniformity throughout the organization. Army regulations have been a guideline since the time of Barron Von Stueben‚ a Prussian officer commissioned by the Continental Congress during the American Revolution. Von Stueben knew then that all soldiers needed a guideline and a standard to be upheld to. Standards from physical fitness‚ marksmanship‚ and
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sovereign. Parliamentary sovereignty has been qualified though not departed from in different ways by our adoption of the law of the European Union through the European Communities Act 1972 and by the Human Rights Act 1998.” Per Lord Justice Laws‚ R (MISICK) v Secretary of State for Foreign and Commonwealth Affairs [2010] EWCA Civ 1549 Evaluate this statement with reference to appropriate legal authorities. In order to evaluate this statement it is important to understand what Parliamentary sovereignty
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country. This paper examines the empirical forms of tax on the economic growth in Nigeria. Secondary data were sourced within the periods of 1985-2011 and Model was specified and estimated using some econometric. The result showed that the determinant factor of economic growth in the country through tax‚ only custom and exercise duties is capable of influencing but has an inverse relationship and significant to the GDP. It is observed that economic instability were experienced between 1986-1987 and 1993
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The American Revolution was fundamentally a war fought for liberty. Colonists believed that the British government was encroaching on their rights and was transforming them into slaves. For them‚ slavery was the ultimate political evil as it placed individuals under the absolute authority of another person. This argument was employed as a way to encourage the colonists to rebel against the British; however‚ as conversations about liberty gained momentum across the nation a sort of “contagion of liberty”
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Fairness in the American Taxation System The hot topic in America right now is taxation. While many members of society believe the current taxing system is fair‚ others believe it is not. The President‚ congress‚ and the senate try their hardest to work together to please the entire population with all of the reforms they make. Not only is paying taxes mandatory for American citizens‚ it is a public duty. The reason people are required to pay tax is because the government uses the money collected
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