: 2231-2463 (Print) IJMBS Vol. 2‚ ISSue 2‚ AprIl - June 2012 Assessee Perception towards Direct Tax Code (DTC) 1 1‚2 Dept. of FMS‚ Gurukul Kangri University‚ Haridwar‚ UK‚ India tax regime as it is based on well accepted principles of taxation and best international practices. It will eventually pave the way for a single unified taxpayer reporting system. The Philosophy behind such replacement is to make the Direct Taxes Code very easy and simple so that tax payers themselves can‚ without help
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Significant Event Angelis Delgado Sanoguel Professor Bennett Intro to Psychology January 24‚ 2015 Significant Event Psychological Perspectives Significant event Introduction Events in an individual’s life shape of the personality traits in an individual. The impressions of the events can be deep set that it can remain as a fresh memory for a longer period of time than normal and cannot create the specific driving force in an individual to achieve and move in a particular direction. There are many
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INTRODUCTION Service tax is a tax on Services. Service tax is not a tax on profession / trade but it is a tax on the service provided in exercise of the profession / trade. It is leviable only if there is provision of service. SALE V/S SERVICE Service is different from sale. The fact that some goods have been used in the course of providing service’ doesn’t make that transaction a sale. The nature of the transaction depends on the intention of the parties. If the parties intended to enter into
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TAX HAVENS DEFINING Tax Havens • Def 1:A tax haven is a country or territory where certain taxes are levied at a low rate or not at all. • Def 2: Tax haven or fiscal paradise are terms used to refer to a jurisdiction which enables its foreign residents or companies to reduce their tax liabilities from their homelands. • Def 3: "What ... identifies an area as a tax haven is the existence of a composite tax structure established deliberately to take advantage of‚ and exploit‚ a worldwide
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A carbon tax is a tax imposed on the carbon content of fuels. It is a form of carbon pricing. Carbon taxes are a possible cost-effective means of reducing greenhouse gas emissions. From an economic outlook‚ carbon taxes are a type of Pigovian tax.They help to address the problem of emitters of greenhouse gases not face the full social costs of their actions. Carbon taxes can be a degenerating tax‚ in that it may directly or indirectly affect low-income groups disproportionately. The regressive impact
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center that each office connects to via a wide area network (WAN). The focus of this paper is to explain the type of architecture the new payroll application should use and also identify the types of technology will be involved with the architecture. In addition to that‚ the paper will briefly identify any potential ethical issues that could arise in connection with the new architecture. Payroll Application Architecture The client already has their organization connected to a large data center server
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Immigration a National Concern In history class the United States of America was commonly referred to as a “Melting Pot” of cultural and racial backgrounds. The open–immigration policy that was maintained until the late nineteenth century helped to populate the United States. From 1800 thru 1890‚ the United States population grew from 5.3 million to 62.6 million (Brunner 392). Immigration had a huge impact on how the United States grew socially and economically. It was a new world that offered
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Introduction Just as death and taxes are certainties in this world‚ so are ways and means to minimize if not eliminate altogether one’s tax liabilities.Attempts to escape the tax net may take any one of two forms: tax evasion and tax avoidance. Tax evasion may be defined as the act of reducing taxes by illegal or fraudulent means.1Common practices of tax evasion include: under-reporting of income‚ over-statement of expenses‚ use of fictitious receipts‚ the keeping of double sets of books‚
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There is a very clear distinction between tax avoidance and tax evasion from academic publications. Tax books have defined tax avoidance as “the lawful minimization of tax liability through sound financial planning techniques‚ while tax evasion is the “unlawful attempt to minimize tax liability through fraudulent techniques to circumvent or frustrate tax laws”. The consequences of either action are also clear. The former is not punishable by law while the latter is. However‚ the lines between evasion
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• First‚ let us group the industries – several groups with broadly similar attributes : • Financial Industry o Commercial Banking Identify the Industry • Retail Industry o Retail Grocery Store • High-technology industries o Computer Software o Pharmaceutical Preparations o Semiconductor Manufacturer • Service Industry • • • • • IT Service Provider Mobile phone service provider Commercial airline Integrated Oil and Gas Liquor producer and distributor • Capital
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