and road tax or through indirect taxes such as the sales tax and the services tax. For direct taxes‚ taxpayers will definitely realize that they are facing the tax burden since taxpayers are required to declare their income and to pay tax accordingly to the government. However‚ for indirect taxes‚ taxpayers usually don’t realize that they are being taxed since the amount of tax is already accounted for with the selling price. Goods and services tax (GST) is one type of indirect taxes. GST is also known
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Stuart Parnell damaged the cause of Home Rule? Charles Stewart Parnell was born in 1846‚ and became one of the nost important figures in 19th Century Great Britain and Ireland. Parnell was the leader of the Irish Parliamentary Party‚ and one of the strongest forces behind land reform in Ireland. Parnell also was the president of the Land League‚ and his relationship with William Gladstone‚ the four time Prime Minister‚ led to him being a huge part in the Home Rule battle. As important as Gladstone was
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direct incentives or benefits to this sector. From a tax perspective‚ FMCG sector has been constantly contributing at the highest rate to the government kitty‚ more so from the perspective of indirect tax on account of its nature of taxation which is levied on consumption rather than income. In India‚ indirect tax has a multiple tax structure — taxes at central level such as excise‚ service tax and customs‚ and taxes at state level such as VAT and entry tax. Further‚ there are local levies like octroi
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1930 - tenancy problem‚ SAKDALISTA (Benigno Ramos) 1940 - pedro abad santos ‚ religous and public states 1935 - secuirity of all the people RA No 34 of 1946 - 70 - 30 crops sharing (Manuel Roxas) RA No. 1199‚ Sept. 1954 ‚ Ramon Magsaysay. amended by RA No. 2263 division of crops 1955 - Land Reform enacted RA No. 3844‚ 1963‚ Diosdado Macapagal - Agricultural Land Reform Code. Presidential Decree No. 2‚ September 21‚ 1972‚ Ferdinand Marcos - entire Philippines as land reform area. Presidential
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Summary: Jim O’Connor‚ President and Owner of Le Petit Gourmet‚ received a shocking phone call while vacation in California‚ which informed him that his business is going to shut down indefinitely due to the outbreaks of hepatitis A in his catering facility. Le Petit Gourmet was a family catering business that had been operating in the Denver metro area for more than 30 years. Le Petit employed between 150 and 200 people‚ 75 of whom were full time. Along with Le Petit was perceived as the most
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CAPITAL GAINS Capital gains means gains arising to an assessee on transfer of a capital asset. This clearly implies that to bring income taxable under the head capital gains‚ both the elements namely “Capital asset” & “transfer” has to be present in the given transaction. As such‚ we should seek absolute clarity with respect to these two terms. Sec. 2(14) of the I. Tax Act deals with the definition of the term “Capital Asset”. It is an inclusive definition. Capital asset includes property of
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major rationalization and simplification of the consumption tax structure at both the centre and state levels by replacing all central and state level indirect taxes such as value added tax (VAT)‚ excise duty‚ service tax‚ entertainment tax among others bring relief to the common man. GST: An Executive Summary GST is the most ambitious indirect tax reform in India ever attempted and aims to create one “borderless domestic market”. It will tax consumption as against “production” which is the current
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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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6 | 8.7 | 8.3 | 8.8 | 9.0 | 9.3 | Non-tax Revenue | 2.1 | 2.0 | 2.1 | 2.2 | 2.3 | 2.2 | 2.2 | Analysis: The ratio of tax revenue to GDP is very low comparing to other developing countries. High-ratio of indirect to direct tax revenue: Most of the tax revenue is from indirect taxes which are clear from the following table (Source: Bangladesh Economic Review-2010). Revenue (TK. In crore) | 2003-04 | 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 | Total revenue | 35400 |
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Automobile Industry Hailed as ‘the industry of industries’ by Peter Drucker‚ the founding father of the study of management‚ in 1946‚ the automobile industry had evolved continuously with changing times from craft production in 1890s to mass production in 1910s to lean production techniques in the 1970s. The Asian countries‚ mainly by Japan‚ China and India‚ registered a 9% increase in production over last year‚ constituting 35.9% of the global production. In fact China and India posted positive
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