New Era University College of Arts & Sciences ECONOMICS 1 Lesson on LAND REFORM Land Reform – refers to the full range of measures that maybe taken to improve or remedy the defects in the relations among men with respect to their rights in Land. – Integrated set of measures designed to eliminate obstacles to economic and social development arising out of defects in the Agrarian structure. Agrarian Structure (also known as structural reform) is defined as a complex set of
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Accounting and Auditing The profession Standards and reporting Accounting periods Accounting records 17 Taxation General Zakat Income tax Income tax rates Withholding tax Other taxes Administration of tax Dividends Supply contracts Deduction of expenses Treatment of losses Group taxation Taxation of branches of foreign companies Example : Corporate Income Tax Calculation 19 26 _______________________________________________________________________________ (ii) Dr. M. Al Amri &Co
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Ocean Carriers Assumptions and Methodology Based on an NPV analysis considering multiple scenarios‚ Ocean Carriers should commission the construction of a new capesize carrier in the event they are operating with no corporate tax and chartering the ship for its entire 25 year life. Such is the recommendation assuming the forecasted hire rates and estimated costs are accurate over the long-term. However‚ if Ocean Carriers chooses to adhere to their policy of selling ships at market value
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(To be filled up by the BIR) DLN: PSOC: Republika ng Pilipinas Kagawaran ng Pananalapi Kawanihan ng Rentas Internas PSIC: Annual Information Return of Income Taxes Withheld on BIR Form No. 1604-CF July 1999 (ENCS) Compensation and Final Withholding Taxes Fill in all applicable spaces. Mark all appropriate boxes with an “X”. 1 For the Year 2 Amended Return? 3 No of Sheets Attached (YYYY) Yes No Part I Background Information 4 TIN 5 RDO Code 6 Line of Business/
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should not lull policy makers into complacency. When the economy recovers from the current downswing‚ a solid revenue raising instrument such as the value-added tax must be introduced in order to wean the economy away from the current over reliance on petroleum-based taxes. Keywords: budget deficit‚ petroleum subsidies‚ revenue‚ value-added tax INTRODUCTION Malaysia has experienced difficulties in balancing its budget. Since 1970‚ the budget has been in deficit in all but five years and deficits have
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Exam #1- Finance 414 – Spring 2011 Name:_________________________________ Student PID Number ____________________ You have 1 hour and 20 minutes to complete this exam. Section I has 32 multiple choice questions worth 2.5 points each for a total of 80 points. Section II has 2 long problems worth 10 points each. Plan your time accordingly. Read each question carefully and show all of your work clearly on the long problems as partial credit will be given. If you run out
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1.0 Introduction China introduced market reforms in the early 1980s; only a third of the economy is now directly state-controlled. Since joining the World Trade Organization in 2001‚ China has rapidly become an economic force‚ doubling its share of global manufacturing output and creating a commodity-market boom. In 2004 China became the largest exporter of information and communication technology (ICT) exports. In China‚ the Hi-tech industry‚ that includes software industry is a recent phenomenon
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a 10 percent rate of interest) and $5‚000 in equity. Both firms sell 10‚000 units of output at $2.50 per unit. The variable costs of production are $1‚ and fixed production costs are $12‚000. (To ease the calculation‚ assume no income tax.) a. What is the operating income (EBIT) for both firms? Units sold*price per unit = Sales = 10000*2.5=25000 Units sold*Variable cost = Variable cost = 10000*1=10000 Fixed cost = 12000 Sales – Cost= EBIT=25000-10000-12000=3000 for both Firm A and Firm B b
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Revenue Service Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding OMB No. 1545-1621 Section references are to the Internal Revenue Code. See separate instructions. Give this form to the withholding agent or payer. Do not send to the IRS. Do not use this form for: ● A U.S. citizen or other U.S. person‚ including a resident alien individual ● A person claiming that income is effectively connected with the conduct of a trade or business in the United States
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Effects of Raising Corporate Tax Rates Effects of Raising Corporate Tax Rate Michael Richardson October 20‚ 2011 Currently Congress is debating on raising tax rates. There is a couple different views on how this will affect the economy and income from taxes. I will present both arguments to you for you to decide on which way you may lean‚ although my mind is already made up on the matter. First off‚ as I have seen the two viewpoints are a liberal and a conservative viewpoint. First I
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