History Income tax levels in India were very high during 1950-1980‚ in 1970-71 there were 11 tax slabs with highest tax rate being 93.5% including surcharges. In 1973-74 highest rate was 97.5%. But to reduce tax evasion tax rates were reduced later on‚ by "1992-93" maximum tax rates were reduced to 40%. [2][3] [edit]Residential status‚ Scope of taxable income & Charge [edit]Charge to Income-tax Whose income exceeds the maximum amount‚ which is not chargeable to the income tax‚ is an assesse
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Thomas Jefferson DBQ Inaugurated into his presidency in March of 1801‚ Thomas Jefferson gradually began to stray away from his Democratic-Republican views. Prior to his presidency‚ Jefferson‚ along with his Republican followers‚ practiced ideas including a strict interpretation of the Constitution‚ a weak central government while obtaining strong state governments‚ and a separation of powers. When he came to office‚ he proved to the citizens of the United States that one’s views may easily be swayed
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TAX HAVEN Index Definition and characteristics of Tax Haven Page 2 Tax Haven Criteria Page 5 Particularities of some tax havens Page 7 Evolution of the Spanish Tax Law Page 11 1. Definition and characteristics of Tax Haven Probably most people have heart about tax havens‚ but maybe there are confusions about the exact meaning of this concept. So on‚ we consider important to define a tax haven in order to have a clear idea. What identifies an area as a tax haven is the existence
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Afghanistan’s state-building and reconstruction agenda. International experience suggests that the larger the tax gap (the difference between the taxes actually paid and what should be paid according to existing laws and statutes)‚ the more radical are the changes needed. With a tax gap on the order of 60%‚ Afghanistan needs to adopt a comprehensive strategy including revamping of the tax administration in order to obtain significant improvements in compliance. Based on the more detailed analysis
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Jefferson‚ Poetry‚ and Dialogue: A Look into the Influence Behind Jefferson’s Writing of “A Dialogue Between My Head and My Heart” During the earlier stages of my research‚ I danced around with many topics‚ all surrounding Thomas Jefferson and poetry. I thought to write about several scrapbooks of his that have been shelved at U.VA’s library for decades. I thought it would be an intriguing topic‚ when I discovered that a professor at DePaul University‚ Jonathan Gross‚ published the collection
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Research Paper: Jefferson vs. Hamilton Thomas Jefferson and Alexander Hamilton were two very influential people with very different ideals. With land inherited from his father‚ Jefferson set himself up as a Virginia tobacco farmer. Once established as a planter‚ Jefferson entered Virginia politics. As a politician‚ he did not have the ability to make rousing speeches. Instead‚ Jefferson spoke eloquently through his writing. His words in the Declaration of Independence and other writings are still
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` Identify basic hazards and describe ways of reducing risks in care setting AO4 PART A Kitchen risks and how it can be reduced The kitchen is a very dangerous place when hazards are recognized‚ also care workers must make sure they keep children out of the kitchen in case they harm themselves. Cookers are very dangerous especially when they left turned on. Cookers must always be turned off when not in use. Cooking pans when in use should have their handles turned
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PERSONAL COPY/ NOT FOR SALE OR CIRCULATION (Session 2012-13) INTRODUCTION HISTORY OF INCOME-TAX: 1. India’ trust with income tax dates back to 1859 when James Wilson‚ Finance member in the Council of India‚ came to the country to establish the tax structure‚ a new paper currency and to remodel the finance system. 2. A bill imposing tax on profits from property‚ professions‚ trades and offices was passed by the Legislative Council of India. It received the assent of the Governor General on July
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Assessee Perception towards Direct Tax Code (DTC) 1 1‚2 Dept. of FMS‚ Gurukul Kangri University‚ Haridwar‚ UK‚ India tax regime as it is based on well accepted principles of taxation and best international practices. It will eventually pave the way for a single unified taxpayer reporting system. The Philosophy behind such replacement is to make the Direct Taxes Code very easy and simple so that tax payers themselves can‚ without help of experts compute and file Income Tax Returns. In planning and framing
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Growth This paper investigates the design of tax structures to promote economic growth. It suggests a “tax and growth” ranking of taxes‚ confirming results from earlier literature but providing a more detailed disaggregation of taxes. Corporate taxes are found to be most harmful for growth‚ followed by personal income taxes‚ and then consumption taxes. Recurrent taxes on immovable property appear to have the least impact. A revenue neutral growth-oriented tax reform would‚ therefore‚ be to shift part
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