Title: Acceptance of Electronic Tax Filing System LITERATURE REVIEW Governments around the world are started relying on e-government system such as e-filing system to improve their efficiency and effectiveness in tax return. The number of literatures is getting more on e-filing system. According to Azmi and Bee (2010)‚ Azmi et al. (2012)‚ Fu et al. (2006)‚ Schaupp et al. (2010) and Suhani Anuar and Radiah Othman (2010)‚ they assessed the acceptance intention of the e-filing system by using
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role in the economic life of a developing country like Nigeria. Today Nigeria is indeed in need of effective and efficient tax system in order to generate enough revenue that will finance economic growth and development. There is the urgent need in the country to evolve new approach for handling various tax issue dealing with both compliance and planning work. The use of Tax in National development is increasing and further introduction of new technology will ensure its continued growth and influence
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QUESTIONS: (2-3) Little Books Inc. recently reported $3m of net income. Its EBIT was $6m‚ and its tax was 40%. What was its interest expense? ANSWER: Net Income $3 Million EBIT $6 Million Divided by 0.6 Less IBT $5 Million Income before Taxes $5 Million Interest Expense $1 Million **Interest Expense = $1M** (2-7) The Talley Corporation had a taxable income of $365‚000 from operations after all operating costs but before (1) interest charges
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complicated tax system in the United States‚ although everyone is affected by it daily. Whether it is taxes on income‚ housing‚ or sales‚ taxes are extremely prominent in our society and as the people being taxed we have a responsibility to understand the basic tax laws in the United States. Throughout this week in POLS 2302 I have learned about the tax system including how to advise others about tax brackets‚ marginal taxes‚ different types of taxes‚ and government involvement in the American tax system
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the question of whether a business is‚ or would be trading‚ is decided initially by the owner itself. However‚ sometimes it is difficult to decide if the activities would be assessed to income tax or not. Badges of trade are important because can help analyse if the transaction should be taxed per Income Tax principals. First badge‚ called subject matter of the transaction‚ aim to analyse the natures of the goods involve in a transaction. That can help establish if the transaction is an investment
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Nearly all tax structures contain two basic parts: the tax base and the tax rate. The tax base is the amount to which the tax rate is applied to determine the tax due. The tax rate is basically a percentage rate applied to the tax base‚ and it can be progressive‚ regressive‚ or proportional. Progressive taxation refers to a tax that takes a larger percentage from the income of high-income people than it does from low-income people. And this is a basic principle underlying the income tax laws of
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BUSINESS/TAX RESEARCH ASSIGNMENT 1. For the Tax year 2004‚ is SK eligible to switch from the accrual to cash method of accounting under Rev. Proc. 2001-10? This revenue procedure applies to taxpayer with "average annual gross receipts" of $1‚000‚000 or less. Since SK ’s average annual gross receipt is greater than 1‚000‚000 for 2004 therefore SK is not eligible to switch from the accrual to cash method of accounting. ( Rev. Proc. 2001-10‚2001-1 CB 272) 2. For the tax year 2004‚ is SK eligible
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large jury verdict on behalf of his client in a personal injury case. His wife Jane Smith accompanies him during your meeting because she has some additional tax planning advice to ask of you. ROLE: After reviewing John and Jane Smith’s points of view‚ it will be your turn as a tax professional to decide on the best course of action from a tax perspective on their issues. Prepare a three page memo (at least 900-1‚500 words per page) to John and Jane Smith addressing the issues presented. PLAYERS:
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Income Tax 2 7-36: Lee Xanders Route 1‚ Box 2440 Mason‚ OH 45040 Dear Ms. Xanders As you are interested in the reorganization of Drab and Olive‚ please find the following information regarding three different types of consolidation‚ or reorganization; a “Type A” consolidation‚ a “Type C” or an acquisitive “Type D” reorganization. The advantages of a “Type A” consolidation include that consideration need not include voting stock. Up to 60% of consideration can be cash and property without tax consequences
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TERM PAPER ON TAX COMPARISON BETWEEN INDIA & CHINA IN PARTIAL FULFILMENT OF THE COURSE IBLT BY RAVI JAIN MBA (IB) GSIB‚ GITAM UNIVERSITY TO Prof. R.ANITA RAO Date: Visakhapatnam INTRODUCTION India has emerged as a trading superpower and as an increasing magnet for FDI. Its role in the international economy to this point has been less remarked than
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