I would like to thank the European Chamber of Commerce in the Philippines‚ the ECCP‚ for inviting me to share my thought on the topic: “Analysis of the Health and Economic Implication of the Excise Tax on Sugar-Sweetened Beverages.” This occasion‚ I may say‚ is somehow a relief from the heavy emotion‚ grief‚ and indignation that engulfed the whole nation these past few days or so because of disturbing events. I’m sure you know what I mean. At the onset‚ I would like to point out that I support the
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Americans have always had a strong disapproval of taxes‚ especially when they are the ones getting taxed. This was precisely the case during the Whiskey Rebellion occurring from 1791-1794. Farmers outraged by a new excise tax on whiskey protested and refused to pay. However the goal of the taxes was to help pay off a $54‚000‚000 national debt acquired during the Revolutionary War (Historical Spotlight). “Whiskey was a popular drink at the time‚ so such a tax could raise a lot of revenue”(Paul Krugamn
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Checkpoint: Direct and Indirect Cash Flows Marlene A Broaddus-Waddell XACC-291 June 27‚ 2013 The difference between direct and indirect method of cash flows are the operating activities‚ which is the first section of the statement of cash flows. The investing and financing activities sections has no reported differences in the presentation of the cash flows. The direct presentation of cash flows displays cash receipts and payments from operations‚ more or less like the actual statement of
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Direct and Indirect Cash Flows Christine Grae XACC/291 Principles of Accounting II March 29‚ 2015 Susan Schulz When companies utilize the accrual method of accounting‚ they will prepare a cash flow statement in order to understand the flow of cash. We call this method the cash flow statement and it can be prepared in two different methods which would be indirect and direct. The methods are different but they both will be conducted with the same results for the accounting period. The direct
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compelling narrative voices in literature. Blurring the line between third and first person‚ Austen often combines the thoughts of the narrator with the feelings and muses of the focalized character. Emma is perhaps her most prominent example of free indirect discourse‚ where the narrator’s voice is often diffused into that of the characters. In the following passage‚ Emma takes on her role at match-maker between Mr. Elton and Harriet Smith‚ two naïve and somewhat air-headed characters in the novel.
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VALUE ADDED TAX FOR PCC AND IPCC 1. Value added tax in short VAT‚ was a tax introduced as early as 1919 by Dr.Wilhelm Von Siemens in Germany as a tax on improved turnover. Professor Thomas.S.Adams suggested this tax in USA as a sales tax with a credit or refund for taxes paid by the producer on goods bought for resale or for use in production of goods. However till 1953 no country introduced VAT. In the year 1954 France introduced it and since then many countries have adopted this progressive
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In todays society‚ its a crime to be honest. In the old days‚ you could just tell it like it was‚ and if people got mad‚ so be it. But now‚ make a comment about soemthing or someone you did not or dont like‚ it immediately becomes a war of the words. We know discrimination‚ like we know the back of our hands. Our society has become a burger king society‚ we want it our way and want it now. So the question I came upon‚ concerning what would would be the economic impact of of legalizing Recreational
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Tobacco Excise Duties E.9. Duties on cigarettes and manufactured tobacco products have remained constant since 2005. In the meantime‚ smoking prevalence has increased‚ especially amongst youths aged 18 to 29. To discourage this trend‚ I will raise the excise duties for cigarettes and manufactured tobacco products by 10%. (Refer to Annex A-5.) E.10. This is expected to yield additional revenue of about $70 million a year. Liquor Excise Duties E.11. The last effective increase in liquor duties
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Abstract Tobacco taxation is an essential component of a comprehensive tobacco control strategy. However‚ to fully realize the benefits it is vital to understand the impact of increased taxes among high-risk subpopulations. Are they influenced to the same extent as the general population? Do they need additional measures to influence smoking behavior? The objectives of this study were to synthesize the evidence regarding differential effects of taxation and price on smoking in: youth‚ young adults
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Similes The simile is a figure of speech that describes something by comparing or establishing its similarity to something else‚ using ‘like’ or ‘as’. This device makes the description more emphatic. Similes are written in the following forms: 1. [subject] [verb] AS [adjective] AS...[noun] The athlete was AS nimble AS a cat. 1. [subject] [verb] LIKE...[noun] This food tastes LIKE garbage. He drives LIKE a maniac. Here are some common examples of similes‚ with their meanings: ...as
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