and levies. It seems that government might have to collect more money either through VAT (Value Added Tax) or from direct taxes. In Bangladesh VAT introduced in 1991 by replacing the sales taxes is still known as the vital reform in Bangladesh revenue structure. The remaining potential sector is the income taxes sharing almost all taxes coming through direct sources. Tax base is too narrow and the tax law is full of exemptions and allowances. Agriculture sector provides employment for around 60percent
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A tax haven is a state‚ country or territory where certain taxes are levied at a low rate or not at all.Individuals and/or corporate entities can find it attractive to establish shell subsidiaries or move themselves to areas with reduced or nil taxation levels relative to typical international taxation. This creates a situation of tax competition among governments. Different jurisdictions tend to be havens for different types of taxes‚ and for different categories of people and/or companies.States
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If you do not think the rules/laws are adequate‚ try and come up with some more safeguards. Question #4 - 300 words · Research sales tax laws in Michigan‚ Texas‚ Ohio‚ New Jersey and California. · Discuss what the sales tax rules are in these states. · Describe which states Ellen will have to pay sales tax. · Talk about the percentages/amounts and any other rules/laws she must follow. · Feel free to give ideas on how to track sales from
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TAX AVOIDANCE vs. TAX EVASION From the time taxes were first imposed on American citizens‚ people have been trying to find ways to escape paying them. While some taxpayers continue to find legal ways to avoid paying a portion of their taxes‚ others simply choose to evade taxes or not pay them at all. Avoiding taxes and evading taxes may sound like similar actions‚ but the two terms have very different meanings. Avoiding taxes can be accomplished though various legal means‚ whereas evading taxes
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Tax in Maldives Over the few years Maldives economy has grown very much. Various opportunities have been open to investors and small scale business‚ in Maldives and the income that the government get also has increase in the past years. The tax has also effects many house holds and business. With the changes of laws and regulations there are many new taxes and royalties that are taken in from the public and the business organization. In this essay I am going to highlight the effects of the
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Fat Tax “ “ If a passenger is so large that they take up two seats‚ they should have to pay for that. It’s economics.” Teresa Hamilton stated on the Enstars Article. The same is true if you want extra sauce at Chick-fil-a‚ extra space in a new home‚ or more anything anywhere you have to pay for it! Larger people should have to pay more for plane tickets because they sometimes tend to have a strong odor. Also‚ the person that has to sit next to the awkwardly big human may be uncomfortable‚ larger
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Indirect tax Section 1 This section is about applying your knowledge of VAT and using reference material to make recommendations or decisions. Task 1.1 (a) You have the following information about the taxable supplies of 4 businesses. For each of them‚ indicate whether they need to register for VAT immediately‚ or monitor turnover and register later. Tick ONE box on EACH line. Register now Monitor and register later A A new business with an expected turnover of £6000 per
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NAME: OGODETON KELVIN OKIEMUTE DEPARTMENT: ACCOUNTING COURSE CODE: ACC325 (ASSIGNMENT) MATRIC NO: 09AA08569 TOPIC: ‘Income tax is one of the major sources of revenue for all government in Nigeria and it is a factor to be recon with in both the state and the Federal Government body….It is an enforced contribution of money enacted pursuant to legislative authority….Analyze the importance and the problems of TAXATION and the way forward in Nigeria………….’ INTRODUCTION Income taxes
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Big Fat Liar “It is not sad that you have lied‚ it is sad because from now on no one can believe you.” This must waken up all of us. Not all white lies can be harmless; it can affect many people especially the trust given to you by them. It maybe hard to face the truth but the consequences that follows are harder. Trust cannot be given‚ it should be gained. On the other hand‚ it can be gone in a blink of an eye. It all began when Jason Shepherd failed to pass his English assignment; he lied
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THE PROBLEMS OF NIGERIAN PERSONAL INCOME TAX ADMINISTRATION TABLE OF CONTENTS TITLEPage Title page……………………………………………………. Approval page………………………………………………. Dedication…………………………………………………... Acknowledgement …………………………………………. Abstract …………………………………………………… List of tables ………………………………………………… Table of content …………………………………………….. CHAPTER ONE Introduction Background of the study Statement of problems Research Questions / Hypothesis Hypothesis Purpose of the study Significance of
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