the AVI-YONAHFINAL.DOC FEBRUARY 26‚ 2002 2/26/02 5:38 PM Book Review Why Tax the Rich? Efficiency‚ Equity‚ and Progressive Taxation Reuven S. Avi-Yonah† Does Atlas Shrug? The Economic Consequences of Taxing the Rich. Edited by Joel B. Slemrod.∗ Cambridge: Harvard University Press‚ 2000. Pp. 524. $57.95. In Greek mythology‚ Atlas was a giant who carried the world on his shoulders. In Ayn Rand’s 1957 novel Atlas Shrugged‚ Atlas represents the “ prime movers” —the talented few who bear
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1932: Minor as a partner in a Partnership firm IN THE COURSE OF CONTRACT II SUBMITTED TO INSTITUTE OF LAW NIRMA UNIVERSITY UNDER THE GUIDANCE OF Asst. Prof. Nitesh Upadhyay SUBMITTED BY Saloni Palkhiwala Roll no.: 12bblo33 Semester: IV‚ B.com LLb Section C 1.INTRODUCTION Statement of problem According to Section 11 of The Indian Contract Act 1872 a minor cannot be a partner in a partnership firm but as per section 30 of The Indian Partnership
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Language and Culture Proposition: An Eclectic Perspective There are many ways in which the phenomena of language and culture are intimately related. Both phenomena are unique to humans and have therefore been the subject of a great deal of anthropological‚ sociological‚ and even memetic study. Language‚ of course‚ is determined by culture‚ though the extent to which this is true is now under debate. The converse is also true to some degree: culture is determined by language - or rather‚ by the replicators
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UAE-based group firm Weikfield International". The Times Of India. 30 June 2012. 6. "Making A Difference." Dabur India (Media centre). Accessed October 2011. 7. (14 June 2011.) "Snapdeal adopts village in Uttar
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Bruce Bartlett’s book The Benefit and The Burden is essentially a book that talks about the existing tax code in the United States and the reason(s) it is need of a reform. The author starts the book by briefly discussing the history of Federal Income Taxation in the United States starting from the post-American Revolution period at which time there was nothing called the income tax. In fact‚ income tax didn’t get introduced in the United States until 1861. The only form of taxation before that were
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taxed differently from new ones. * Because of multi-tiered tax structure‚ smokers tend to prefer cheaper cigarette brands. According to the statistics provided by the Bureau of Internal Revenue (BIR)‚ consumers downshifted from medium-priced cigarettes to low-priced cigarettes. In the case of alcohol‚ consumption of low-priced beers ballooned from less than 40% in 1994 to more than 70% in 2010. * As tax is affected by inflation‚ tax burden decreases due to lack of price indexation. * The
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JUSTIFICATION OF GST There was a burden of "tax on tax" in the pre-existing Central excise duty of the Government of India and sales tax system of the State Governments. The introduction of Central VAT (CENVAT) has removed the cascading burden of "tax on tax" to a good extent by providing a mechanism of "set off" for tax paid on inputs and services upto the stage of production‚ and has been an improvement over the pre-existing Central excise duty. Similarly‚ the introduction of VAT in the States
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based on yearly schedule. | | | | | 1.1.2 How aware I am that‚ an act valorem equivalent to fifteen percent (15%) of the net retail price of distilled spirits per proof and additional specific tax to twenty pesos per proof | | | | | How aware I am that‚ the specific tax of twenty pesos of distilled spirits shall be increased by 40% every year effective on January 1‚ 2016. | | | | | 1.1.3 How aware I am that‚ sparkling wines and champagnes‚ regardless of proof
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is treated as a tax-free recovery of capital by shareholders. ANS: F Distributions in excess of E & P are a tax-free recovery of capital to the extent of stock basis. Distributions in excess of basis trigger recognition of capital gain. #21 A corporation that distributes a property dividend must reduce its E & P by the fair market value of the property less any liability on the property. ANS: F E & P must be reduced by the greater of the adjusted basis or fair market value of the property‚
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Tax structure of Pakistan TAX: To tax (from the Latin taxo; "I estimate") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. Some commentators have argued that "a direct tax is one that cannot be shifted by the taxpayer to someone else‚ whereas an indirect tax can be”. A income tax is a tax levied on the income of individuals or businesses (corporations
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