Trans Fats Ban Doughnuts are one of my favorite foods. I don’t eat them regularly‚ maybe once a month so they are an occasional treat for me. Darryl Townson‚ owner of “Dat Doughnut” shop in Illinois makes his living from the fried sugary goodies. Recently‚ lawmakers have been pushing for a ban on artificial trans fats. Such a ban would mean that people like Townson would have to alter the way he makes his doughnuts. Here in Washington‚ a similar bill has already been passed in King County. I
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Understand Your Fats and Fibers Name here teacher SCI/241 Date here Understand Your Fats and Fibers According to “Face the Fats” (2013)‚ the unhealthy fats are‚ saturated and trans fats‚ tend to be more solid at room temperature (like a stick of butter). The healthy fats are monounsaturated and polyunsaturated fats and they tend to be more liquid (like liquid vegetable oil). Saturated fat is found mostly in foods from animals and some plants. Polyunsaturated and monounsaturated fats are found mainly
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Tax & Taxation The term ’tax’ has been derived from the French word taxe and etymologically‚ the Latin word taxare is related to the term ’tax’‚ which means ’to charge’. Tax is an obligatory payment in the part of the citizen without the expectation of any direct benefit. Taxation is the obligation of non-penal‚ yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received. It is one of the
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An ad valorem tax is a tax based on the value of the incurred‚ like the value added tax‚ sales tax‚ property tax or inheritance tax. The value of the goods‚ services or properties is the basis for the tax collected. Specific tax on the other hand‚ is a tax based on the quantity produced. It is not a function of the value of the product being taxed. Cigarettes are a product being taxed in such category. The use of specific tax could have been a good idea since it is evident that even though
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INCOME TAX NOTES Residential Status and Incidence of Tax According to Section 5 of the Income Tax Act the scope of total Income of an assessee depends on his residential status.On the basis of residential status assessee are classified under the following two categories: 1. Resident 2. Non-resident. As per as resident individuals and Hindu Undivided Families are concerned‚ they can be further divided into two categories: 1. Ordinarily Resident 2. Not ordinarily Resident. Residential
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FEATURES OF SERVICE TAX 1. Scope: It is leviable on taxable services ‘provided’ or ‘to be provided’ by a service provider. The services ‘to be provided’ in future are taxed only if payment in its respect is received in advance. Two separate persons required Payment to employees not covered: For charge of service tax‚ it is necessary that the service provider and service recipient should be two separate persons acting on ‘principal to principal basis’. Services provided by an employee to
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Who did it? eBay avoided £ 50m in tax Starbucks paid less than 1% tax on its profit IKEA halved its tax bill Former Italian Prime Minister Bersculoni List goes on…. How do they do it? Special Purpose Entities (SPEs) Sister Company Round Tripping Tax havens Influencing audit committees Who is affected? Government Less of taxes Profits siphoned off to other countries Fiscal deficit General public Less spending from govt.‚ less benefits
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What is GST? GST is a tax on goods and services with comprehensive and continuous chain of set-off benefits from the Producer’s point and Service provider’s point up to the retailer level. It is essentially a tax only on value addition at each stage and a supplier at each stage is permitted to set-off through a tax credit mechanism. Under GST structure‚ all different stages of production and distribution can be interpreted as a mere tax pass through and the tax essentially sticks on final
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There are four types of fats. Although there are bad fats and better fats‚ they are necessary to support cell growth and give your body energy. The bad fats are saturated fats and trans fats which are more solid at room temperature like a stick of butter and trans fats are liquid such as vegetable oil. Theses fats raise bad cholesterol levels and clog arteries putting you at risk for heart disease. Monounsaturated fats and polyunsaturated fats are the better fats that can lower bad cholesterol
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ACC/445 | Tax Return Position | Axia College | | Kelli J Revel | 8/6/2012 | A look at how the tax laws are supported by its sources and a look at the secondary and substantial authorities. | Throughout the beginning of time there has always been a need for rules‚ kings and queens created new ones as there were needed. Rules are something that we as people live by‚ rules tell us how to live and give us guidelines in which we must follow. Taxes are kind of like rules for the financial
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