impact of excise taxation on the brewing sector at national level and European level‚ and on the comparable cost analysis of the alcoholic beverages sector at European level. As part of this study we obtained relevant information regarding direct and indirect employment generated by the relevant sectors and have been asked by The Brewers of Europe to include comments on this area within our report. The study has been prepared in accordance with our letter of engagement dated May 25‚ 2009 and attached
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LEARNING OBJECTIVES After studying this chapter‚ you will be able to 1 2 3 4 Apply the three-step writing process to negative messages Explain the differences between the direct and the indirect approaches to negative messages‚ including when it’s appropriate to use each one Identify the risks of using the indirect approach‚ and explain how to avoid such problems Adapt negative messages for internal and external audiences 5 6 7 Explain the importance of maintaining high standards of ethics and
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Australian GST The GST (Goods and Services Tax) proposed by the Howard government is a new tax which plans to add ten percent to the cost of every item purchased whether it be a car or a pen with only a few exceptions. The tax set to commence on July 1 2000 may still not become a reality if the senate does not have a majority vote on the issue. The VAT (Value Added Tax) of the United Kingdom is much the same tax adding seventeen and a half percent to all goods and services (although there
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Methods of computation of VAT. (a) Addition Method. (b) Subtraction Method. (c) Tax credit or Invoice Method. Methods of calculation of VAT. As mentioned earlier VAT is nothing but a form of sales tax only and is charged at each stage of sale on the value added to the goods. “Value Added” is the difference between sale and purchase of a business. A straight forward way to compute the base of a VAT for a given period‚ say a quarter‚ is‚ in the case of a manufacturer‚ to deduct the total
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Samaj’s Nashik [pic] Institute of Management Research and Technology (IMRT) For The Academic Year 2008 -2009 PREFACE Indirect tax is the one of the most enormous source of fund collection of the Indian government which aids to development expenses and other aspects. Central excise is one aspects of fund/revenue collection. Features of indirect taxes. Government of India needs funds for various purposes like maintenance of law and order‚ defence‚ social /health services etc
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Excise Taxes Definition of ’Excise Tax’ 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the Internal Revenue Service (IRS). 1. Excise taxes are considered an indirect form of taxation because the government does not directly apply the tax. An intermediary‚ either the producer or merchant‚ is charged and then must pay the tax to the government. These taxes can be categorized
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sector’. Ø The allocation for Technology Upgradation Fund enhanced from Rs. 435 crore to Rs. 535 crore. Rs. 189 cores provided integrated Textile Park Scheme. Ø Provision for the handloom sector increased from Rs. 195 crore to Rs. 241 crore. Ø Indirect tax‚ Customs - Peak rate for non-agricultural products reduced from 15% to 12.5%. Duty on packaging machines reduced from 15% to 5%. Ø CVD of 4% to be imposed on all imports; full credit to be allowed to manufacturers of excisable goods. Ø
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Pst311L Louis Boshoff Student number 49479784 Question 1 1.1 Manipulating existing products To manipulate an existing product is to improve on the product or service. It’s an easier and more cost effective way than other methods. Business ideas can be generated in the process of improving the existing product. In the process of improving and research of the product‚ a more productive product can be found or even a new product which is more effective can be found. Even with a service there is always
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(VAT) 6 Importance of VAT in India 6 Advantages Of VAT 6 Disadvantages of VAT 7 Items covered under VAT 7 Tax implication under Value Added Tax Act 8 VAT vs. Sales Tax 8 Goods and Services Tax (GST) 10 Introduction 10 The Need for GST 10 Benefits of GST 11 How GST Will Work 12 GST vs. VAT 14 GST vs. SALES TAX 15 Limitation of GST 16 Introduction This report is an attempt to understand the impact of GST on Indian economy. The report starts by defining Sales Tax and Value-Added Tax
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Securities Transactions Tax or STT is levied on derivative instruments‚ equity shares‚ equity oriented mutual funds etc. •Perquisite Tax: Perquisite Tax (earlier Fringe Benefit Tax or FBT) is levied to employees for the non-monetary benefits given to them by their employers. For example‚ if your company gives you non-monetary benefits life a rented apartment‚ a car with a driver‚ you would have to pay tax for it. This tax was earlier borne by the employers. •Corporate Tax: These taxes are paid by
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