Mark A. Beck Executive Vice President Environmental Technologies & Life Sciences Investor Meeting February 8‚ 2013 Forward Looking and Cautionary Statements Certain statements in this presentation constitute “forward looking” statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward looking statements are based on current expectations and involve certain risks and uncertainties. Actual results might differ from those projected in the forward
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P R E N T I C E H A L L’ S F E D E R A L TA X AT I O N 2013 Individuals EDITORS THOMAS R. POPE University of Kentucky KENNETH E. ANDERSON University of Tennessee CONTRIBUTING AUTHORS D. DALE BANDY University of Central Florida LEANN LUNA University of Tennessee N. ALLEN FORD University of Kansas TIMOTHY J. RUPERT Northeastern University ROBERT L. GARDNER Brigham Young University CHARLENE HENDERSON Mississippi State University RICHARD J. JOSEPH Hult International
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* 12. Meetings Choose the correct term to complete the following sentences 1. The list of points to be discussed at a meeting is known as the ……a……… a) itinerary b) schedule c) agenda d) timetable diary = object where you put your agenda. Report (van een vergadering) / Minutes Agenda (persoonlijk) is bigger than shcedule (is enkel bvb school) 2. The person in charge who conducts a meeting is called the …a/d………………… a) chairperson b) teller c) conductor d) president
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TAX DEDUCTION AT SOURCE (TDS) Information to help you with TDS Department of Revenue & Customs (HQ) Ministry of Finance Thimphu: Bhutan Table of Contents INTRODUCTION 4 PART I 1. 1.1 1.2 1.3 1.4 OVERVIEW Definition of TDS Scope of TDS Objective Legal Authority 5 5 5 5 5 2. 2.1 2.1.1 2.1.2 2.1.3 CORPORATE INCOME TAX Full Tax Liability Entities liable for TDS under Full Tax Liability Incomes liable for TDS under Full Tax Liability Rate of TDS under
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SBD and its total tax rate is 15% Ms. Morgan’s tax rates are 29% Federal plus 12% provincial (= 41% total tax) Any dividends paid out by Ms. Morgan’s company are non-eligible dividends The provincial dividend tax credit is 25% of the gross-up NIFTP of the business is $170‚000‚ after deducting her salary of $84‚000 Objective: Ms. Morgan wishes to receive $20‚000 after-tax from her corporation for a vacation If Ms. Morgan is to receive salary exclusively: After tax retention =
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Q1. When the income distribution gets very skewed‚ with a small number of people getting a large portion of the income‚ the taxation system can be used to redistribute some of the income so that the poor aren’t as poor and the rich aren’t as rich. Taxes can be used to redistribute some income to the poor. The government can use a progressive income tax. The definition of progressive tax is the taxing mechanism in which the taxing authority charges more taxes as the income of the taxpayer increases
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supports a light progressive taxation tax plan which gives low income and middle class earners a chance to save more money to spend on their bills and necessities. We believe that higher income individual earners have more money to spend on bills and necessities with a larger sum left over for savings than a low income earner or a middle class earner. However we do not believe in overtaxing high income earners to the point that people are discouraged of taking high income jobs. The Common Sense Party also
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Why is EBIT an important line item in the income statement? What does EBIT show us? ANSWER Earnings before interest and taxes (EBIT) is the lowest line on the income statement that isn ’t affected by the firm ’s method of financing (the relative amounts of debt and equity used). It is important because it allows an evaluation of physical business operations separate from the influence of financing decisions. It is therefore often called operating income. 4. What is meant by liquidity in financial
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BUDGET 2013 - PERSONAL TAX The Finance minister of Singapore announced several budget initiatives in the Budget 2013 that aims to improve the lives of Singapore citizens. A number of changes were introduced which promotes progressive taxation‚ building a more inclusive society and encouraging quality growth. This Budget is very much focused on productivity and helping the lower income group as well as the elderly. Although there would not be any drastic changes in the personal tax rates‚ we could still
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Progressive taxation rates are unethical and need to be changed. The media likes to say the rich need to pay their fair share and I will show that if everyone paid the same percentage of their income without all the loopholes the current tax system has the government would be better off. This is an ethical issue that needs to be addressed by our current and future leaders to help eliminate the extraordinary amount of debt our country currently has to reimburse. Utilitarianism is that an action
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