Question 1: a>Tax treatment to an individual if his employer was to provide the following benefits in package 1: Rental of apartment $ Salary Airfare for home leave (1trip) (20% x 5000) 1‚000 220‚000 Employee’s remuneration 221‚000 Rental of apartment (housing accommodation benefit) for a non- director will be assessed based on the lower of: the annual value of the accommodation provided or 10% of the employee’s remuneration inclusive of all other benefits except hotel accommodation. Therefore
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Inadequate and stagnant revenue yield relative to GDP: We can see the status of the ratio of tax revenue to GDP of Bangladesh in the following table for last 7years (Source: Bangladesh Economic Review-2010). Revenue as % of GDP | 2003-04 | 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-2009 | 2009-2010 | Total Revenue | 10.6 | 10.6 | 10.8 | 10.5 | 11.1 | 11.2 | 11.5 | Tax Revenue | 8.5 | 8.6 | 8.7 | 8.3 | 8.8 | 9.0 | 9.3 | Non-tax Revenue | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.2 | 2.2 |
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LEADERLESS NIGERIA Chris Bjorklund 434 Threat Analysis February 3‚ 2013 After witnessing one military leader replaced by another‚ the Nigerian people have elected their presidential administration since 1999. Although it is a remarkable achievement in Africa‚ the Nigerian leadership has significant challenges through the next decade. Ever since the emergence of the Nigerian democracy‚ thousands paid the ultimate price due to the polarization along religious and cultural ancestries. Thus
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NIGERIA AND THE BOMBER: THE GENESIS TO REVELATION Nigeria is a country in the West of Africa with an interesting population of over 160 million people. A British Colony‚ Nigeria was hitherto peaceful and seen as key to African development and interests. Such has been the opposite of the true state of the supposed Giant of Africa since gaining independence in 1960 and declaring a Republic in 1961. After years of Military Dictatorship and coups left the country under-developed for much of her early
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IKEA in Nigeria Nasser Mardini Virginia International University Global Sourcing and Logistics - MBA 628 September 15‚ 2012 Dr. Stephen Onu Company history IKEA was founded in 1943by Ingvar Kamprad aged 17 in a small farming village in Sweden. The name IKEA was formed from the founder’s initials I.K. plus the first letters of Elmtaryd and Agunnaryd‚ the farm and village where Kamprad grew up. Originally IKEA sold everything from pens and wallets to picture frame‚ watched and even ladies
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What is taxation? Taxation is a requirement in all countries. It is a method to provide the society with the necessities needed. Hence it combines all efforts from the full society for public goods. Franklim D. Roosevelt once said “Taxes‚ after all‚ are dues that we pay for the privileges of membership in an organized society”. Which makes people wonder of the importance of taxation in a sociey‚ roles of taxation‚ fairness of taxation‚ and a new method of tax green tax. Importance of Taxation in a
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Double Taxation Avoidance Agreements (DTAA) The Double Tax Avoidance Agreements (DTAA) is essentially bilateral agreements entered into between two countries‚ in our case‚ between India and another foreign state. The basic objective is to avoid‚ taxation of income in both the countries (i.e. Double taxation of same income) and to promote and foster economic trade and investment between the two countries. The advantages of DTAA are as under. ADVANTAGES AND DISADVANTAGES OF DOUBLE TAXATION AVOIDANCE
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plays and restaurants; classified ads; display ads‚ radio and television listings‚ inserts from local merchants‚ editorial cartoons‚ gag cartoons and comic strips. History Of Newspapers In Nigeria The newspaper of Nigeria covers all the local issues‚ major events‚ politics and celebrations the way of life of people in Nigeria and the business news. The system of Nigerian media is pulsating. It has more than 100 local and national newspapers and also publications. The government owns some of
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POVERTY AND INSURGENCY IN NIGERIA: THE BOKO HARAM CHALLENGE. ABSTRACT: This paper aims to study the insecurity in Nigeria which is widely caused by Islamic sects known as Boko Haram in Nigeria and its effects on security. This paper will also find if there is a connection between poverty and Insurgency that has led to a great unrest in Nigeria‚ the aim of writing is
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allowed into the premises of the Church of Christ in Nigeria (COCIN)‚ Jos‚ by a fellow member of the church‚ who detonated explosives that led to the death of 8 persons; 38 others were seriously injured. The Sun Newspaper of Tuesday‚ March 6th‚ 2012 reported that the said Boko Haram suicide bomber was identified by The Defence Headquarters (DHQ)‚ as Mr. Adams Joseph Ashaba‚ ‘who allegedly masterminded the bombing of the Church of Christ in Nigeria (COCIN) in Jos‚ the Plateau State capital on February
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