Hind sight is 20/20 vision. If we knew then what we know now‚ would we have done anything differently? Sadly we’ll never know and throwing our hands up in the air and shouting “boo” and “atrocities” or “lets punish Japanese and American commanders‚ naval officers‚ and flight lieutenants” will be of no use whatsoever. Afterall‚ what is done is done. We can’t undo it. Now all we can do is move forward carefully‚ having learned from the horrors of the past. America was the “new‚ rich kid” country‚
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Introduction. Individuals thrive off producing income in order to meet their day-to-day needs and wants. Tax is imposed on these income producing activities to provide the government revenue. This involves identifying the various ranges of assessable income. The legal question which must be addressed is any of the income that was earned by these individuals assessable income under the Australian income tax assessment act? To answer this question‚ we must determine if a nexus exists between Australia
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Introduction The income smoothing literature has been the centre of attention in the accounting world for the past few decades. When companies experience economic turbulence due to a poor performance year‚ they turn to the accounting management department to resolve the bottom line. A strategy that managers can approach is changing the true information content of the company. As a result this has led managers to resort to smoothing their income. Many questions have been raised whether or not it
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INCOME TAX NOTES Residential Status and Incidence of Tax According to Section 5 of the Income Tax Act the scope of total Income of an assessee depends on his residential status.On the basis of residential status assessee are classified under the following two categories: 1. Resident 2. Non-resident. As per as resident individuals and Hindu Undivided Families are concerned‚ they can be further divided into two categories: 1. Ordinarily Resident 2. Not ordinarily Resident. Residential
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Definition of Tax “Taxes are compulsory payment to government without expectation of direct return in benefit to the tax payer” According to section 2 (62) of the ITO (Income Tax Ordinance) 1984: “Tax means the income tax payable under ordinance and includes any additional tax‚ excess profit tax‚ penalty‚ interest‚ fees or other charges leviable or payable under this ordinance.” Characteristics of Tax i. Tax is a payment to the government by the people. ii. Payment of taxes is non-penal
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Income Inequality Gap Over the years America’s inequality income gap has been growing‚ between the rich and the poor. There are many reasons why this is happening. Andrew Carnegie‚ John Kenneth Galbraith and Joseph Stiglitz may agree with me‚ but believe there are different reasons why and how it should be dealt with. I would have to say that I agree that Galbraith’s idea is what is better for America now. In the essay “The Gospel of Wealth” Andrew Carnegie says that the rich should invest
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What were the strengths and weaknesses of the Fed’s operating procedures that were used after October 6‚ 1979? In 1979‚ two factors impacted inflation. The oil shock resulted in prices spiraling out of control. With higher production costs‚ the companies have to maintain profits margins by increasing prices to consumers (inflation). In addition‚ the weakness of the US dollar aggravated inflationary pressures as well. The weak dollars results in rising of the price of imports and reducing the price
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Abstract This paper is a general overview of Unix operating system. It starts by presenting a brief history of the early development of Unix. It concentrates on main aspects of Unix operating system. Key concepts covered are interactive multi-user operating systems‚ the design objectives of Unix‚ file-store organization‚ text processing and programming‚ the role of C programming language with regard to portability and reliable system software‚ process control (signals and fork)‚ error logging
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National income‚ by itself‚ doesn’t tell us very much about the standard of living in a country. The national income of India exceeds that of Canada but no on would claim that India was a better place to live for the typical member of the population. India’s is higher simply because the population is 1.2 billion‚ there is enormous public-sector spending and high inward investment because of high interest rates and so on. What is more important is national income per head of the population.
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total desktop operating system market share (NetMarketShare‚ 2013). These operating systems run our home and work computers. Server versions of these operating systems run Internet web pages‚ corporate databases and file servers. Mobile versions of these operating systems run our personal smart phones and tablets. Soon‚ we may see a Linux-based ecosystem in vehicles. What is known as Automotive Grade Linux‚ a sub group of the Linux Foundation‚ “is providing a common operating system and application
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