Introduction of GST 1 2 implementing of GST 2-4 3 Advantages of implement GST 4-5 4 Disadvantages of implement GST 5 5 Conclusion 5-6 6 References 7 Introduction What is GST? The idea of introducing a flat consumption based Goods and Services Tax (GST) in Malaysia has been floated since 1989. GST was first announced in the 2005 Budget for implementation in 2007. However‚ in February 2006 the Malaysian Government announced that GST would be deferred as more time was needed to get feedback from
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论文题目：The reform of enterprise income tax law from tax bureau aspect 学 院： 国际学院 专 业： CGA会计学 课程名称： 中国税制 学生姓名： 陈泓暐 学 号： 2012050063 指导教师： 程丹 2014年 5月 14日 The reform of enterprise income tax law from tax bureau aspect Catalog: 1. Brief introduction of enterprise income tax law 2. The reform of enterprise income tax law in 2008 for four aspects
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(i) the fact arises on Arthur Murray(NS) Pty Ltd V FCT (1965) 114 CLR 314 is that the taxpayer sold prepaid dancing lessons with prepaid fees attributable in part to lessons to be provided in future income years. The commissioner assessed the tax payer on the basis that prepaid fees constituted income derived by the taxpayer when received. The high court concluded that amount received in respect of service to be provided in future years are not earned until the future obligations for which they are
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Introduction…………………………………………..1 Personal Income Tax ……………………………..1 Tax rate……………………………………………......3 Tax relief ……………………………………………....4 Personal income tax relief……………………..5 Tax rebate…………………………………………….. 7 Taxable income and tax liability‘s calculated 8 Conclusion…………………………………………….. 10 Reference…………………………………………….. 10 Introduction Malaysia’s tax system is based on income tax as the main. The direct and indirect taxes’ proportion of tax revenue ratio is 65:35 in Malaysia 2012. Of course‚ such a tax structure is gradually
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should pay equal amount by way of taxes to the government. By equality is meant equality of sacrifice‚ that is people should pay taxes in proportion to their incomes. This principle points to progressive taxation. It states that the rate or percentage of taxation should increase with the increase in income and decrease with the decrease in income. In the words of Adam Smith: "The subject of every state ought to contribute towards the support of the government as early as possible in proportion to
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EMPLOYMENT ISSUES The Workplace Types of Employment Employee – Someone who works for another or for an organisation and is paid with a wage or salary Employer – A person who organisation who hires others (employees) to work for them and pays them Self-employed – Those who operate their own business and sell goods or provide services Casual Employment – When an employee works irregularly for an indefinite period of time and is paid on an hourly basis Part-time Employment – When an employee
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Income tax is defined as “tax levied by a government directly on income‚ especially an annual tax on personal income.” Traditionally‚ Texas has not imposed these taxes on the people. After reviewing the positives and negatives that come with income tax‚ I believe Texas should implement income tax. Texas has been labeled as a “regressive state” or a state that results in the wealthier people paying less in taxes than the poorer people. In the document Who Pays State Taxation?‚ it shows us that
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TAX 4001 Project 2 Due Date Handed in to class on November 5‚ 2014 Your assignment is to individually prepare a memorandum to the tax file (see Chapter 2‚ Figure 2-6‚ page 2-27 in the 2015 Edition of the text for an example). The relevant facts are Carol is a successful physician who owns 100 of her incorporated medical practice. She and her husband Dick are considering the purchase of a commercial office building located near the local community hospital. If they purchase the building‚ Carol would
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PRAISE EMERALD INTERNATIONAL SCHOOL FOUNDATION‚ INC 121-41 Rotary Drive‚ Pilot Area‚ NGC Compound‚ Brgy. Commonwealth‚ Q.C. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31‚ 2010 1. ORGANIZATION: Praise Emerald Int’l School Foundation‚ Inc (PEIS) is a non-stock‚ non-profit educational institution which started in 1988 as a Day Care Center in honor of Judge Lorenzo Veneracion’s late daughter who died in a plane crash in January 26‚ 1987. In 1994‚ this Day Care Center was
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MACC-650 Seminar in Federal Taxation Spring 2010 Team Research Project Presentation to John Smith KMCE & A GOLD Gold Group KMCE & A Gold LLC Lawrenceville‚ NJ Dear Mr. Smith‚ We have been requested to review and present to you our recommendations for the start of your new Pharmaceutical/Biotech Consulting Company. To begin‚ we would like to review the information that we have been given from you to KMCE&A. We understand that you have a background as a business executive
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