Afghanistan’s state-building and reconstruction agenda. International experience suggests that the larger the tax gap (the difference between the taxes actually paid and what should be paid according to existing laws and statutes)‚ the more radical are the changes needed. With a tax gap on the order of 60%‚ Afghanistan needs to adopt a comprehensive strategy including revamping of the tax administration in order to obtain significant improvements in compliance. Based on the more detailed analysis
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GHANA Introduction & Definition of taxation: To tax (from the Latin taxo; "I estimate") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the government [...] a payment exacted by legislative authority." A tax "is not a voluntary payment or donation‚ but an enforced
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Face the Facts What are bad fats? Bad fats are saturated fat and trans- fat. Saturated fat have chemical makeup in which the carbon atoms are saturated with hydrogen atoms. Saturated fats occur naturally in many foods. The majority come mainly from animal sources‚ including meat and dairy products. Examples are fatty beef‚ lamb‚ pork‚ poultry with skin‚ beef fat (tallow)‚ lard and cream‚ butter‚ cheese and other dairy products made from whole or reduced-fat (2 percent) milk. These foods also
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Timia Roberts Chemistry March‚29‚17 Saturated Fat Saturated fat is a type of fat in which the fatty acids all have single bonds. It’s made up of two kinds of smaller molecules called monoglyceride and fatty acids. The fat is linked with a double bond. Double bonds can work with hydrogen to form a single bond. When the second bond breaks‚ each half of the bond is attached to a hydrogen atom. Saturated fat is mixed in all kinds of our everyday food. Its mixed in lamb‚ pork‚ butter‚ cheese
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Tax Research Exercise 1 1) 147(c)(2)(C)(iii)Insolvent farmer.—For purposes of clause (i)‚ farmland which was previously owned by the individual and was disposed of while such individual was insolvent shall be disregarded if section 108 applied to indebtedness with respect to such farmland. 2) Federal Tax Regulations‚ Regulation‚ §1.351-1.‚ Internal Revenue Service‚ Transfer to corporation controlled by transferor Click to open document in a browser Reg. § 1.351-1 does not reflect P
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ImRetiree Preference is towards 3% tax on retail sales. The ratio of tax distribution is most equitable in retail tax. I believe that every individual is responsible for contributing to the nation’s tax revenue despite age‚ but I believe that retirees should have the least contribution as they have already paid their dues to society from all the years they have previously worked. With this in mind‚ the retail tax is the fairest solution due to it being the most equal in distribution. Each group
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Fat Breakdown 1. According to the Mayo Clinic‚ saturated fats should only comprise no more than 10 percent of your daily fat intake. For my three-day food record‚ Saturated fat contributed to 10 percent of my fat intake. So I was within the recommended daily allowance. My high saturated fat amounts were clearly directly related to the 3 mini burgers topped with onion strings I ate from Matchbox. That same Sunday I also indulged in a brownie‚ also a source of saturated fat. I normally don’t eat
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Anthony Cunningham Microeconomics Mr. G. E. Fitzgerald October 17‚ 2012 Tax Elasticity and Tax Policy No matter what‚ taxes matter. People talk about them‚ complain about them‚ and try to dodge them when they can. Businesses also react to taxes‚ both in how they organize their activities and‚ perhaps‚ in where they carry them out. How people and businesses react in turn affects the level and structure of taxation. The purpose of taxation is to raise revenue to pay for public goods‚ but
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PERSONAL COPY/ NOT FOR SALE OR CIRCULATION (Session 2012-13) INTRODUCTION HISTORY OF INCOME-TAX: 1. India’ trust with income tax dates back to 1859 when James Wilson‚ Finance member in the Council of India‚ came to the country to establish the tax structure‚ a new paper currency and to remodel the finance system. 2. A bill imposing tax on profits from property‚ professions‚ trades and offices was passed by the Legislative Council of India. It received the assent of the Governor General on July
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when a new corporation is formed or may reflect additional capital contributions to an existing corporation. Without Section 351‚ a sole proprietorship or a partnership would have difficulty adopting the corporate form of organization for legal and/or tax purposes because the transfer of appreciated property would constitute a taxable transaction in a recognized gain. The deferral of gain or loss under Section 351 can be justified because the assets have merely been transferred to a corporation that
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