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    Tax and Income

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    The payment of the motor vehicle allowance – this allowance is generally made to cover the expected deductible costs associated with the business usage of the employees vehicle. This allowance is effectively assessable income to the employee in their tax return. (sec.15-2) Task 2: Mike’s taxable income for the year ended 30 June 2012 Taxable Income = (Assessable Income – Deductions) Assessable Income §  Wages RMIT     under sec.6-5 ITAA 1997                                                                      

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    soda tax

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    Soda Tax: The Beginning of the End The government plans to tax sugary drinks to lower consumption and reduce obesity rates. It is a tax that is justified‚ because a high majority of its consumers are obese and our government believes they should step in and do something about it. There are positive aspects of a soda tax‚ but it would also be a violation of freedom of choice‚ with many other red flags as well. The government simply‚ has too much involvement with our personal lives. Placing a

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    Soda Tax

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    the same with no support‚ extra-curricular activities. The tax didn’t change anything for our schools. Our books still old and falling apart. People from Pepsi quit their job because they thought they weren’t getting paid enough. The soda tax should affect their paycheck. This is really an outrage and it is affecting not only the jobs at Pepsi Co. also it is effecting the stores who are not selling as much sodas and juices due to the tax. This affects the peoples’ families as well because the operations

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    Tax and Gearing

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    W22Extra: Tax and Gearing: More Questions Multiple Choice 1) Which of the following statements is false? A) In general‚ the gain to investors from the tax deductibility of interest payments is referred to as the interest tax shield. B) The interest tax shield is the additional amount that a firm would have paid in taxes if it did not have leverage. C) Because Corporations pay taxes on their profits after interest payments are deducted‚ interest expenses reduce the amount of corporate tax firms

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    Amy Lee Synthesis

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    Amy Lee‚ the lead singer of former rock band Evanescence‚ is releasing a new album next month. The new album titled ‘Dream Too Much’ will be a 12 song children’s album inspired by her two-year-old son‚ Jack. Amy’s album started as a gift to her father‚ to spend time with him in the studio. He encouraged her to make some kid friendly songs for her son to enjoy and soon became a family affair‚ including her father‚ sisters‚ uncle‚ husband‚ and son. Most of the songs featured will be covers of famous

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    Tax Avoidance

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    * * Part A: Tax Avoidance and evasion Introduction According to Hyde (2010) tax evasion cost the UK treasury over £15 billion annually. This is approximately 3% of the total tax liabilities that individuals and organisations are meant to pay to the Her Majesty Revenue and Customs (HMRC). While an estimate of £25 billion is lost through tax avoidance annually (Murphy‚ nd). These are huge sums of money that could go a long way to help the government reduce the national deficit or could

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    Tax Planning

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    WHAT IS TAX PLANNING ? Tax planning is an essential part of your financial planning. Efficient tax planning enables you to reduce your tax liability to the minimum. This is done by legitimately taking advantage of all tax exemptions‚ deductions rebates and allowances while ensuring that your investments are in line with your long term goals. Tax-planning amounts to making investments or contributions in line with prescribed guidelines that lead to reduction in tax liability. Simply put‚ the tax liability

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    Alhaddada By Amy Tan

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    AlhaddadA Essay Submitted by AL HADDAD‚ AHMED MOHAMED (AL HADDAD) on 9/10/2010 6:14:16 PM Amy Tan is a daughter of a Chinese emigrant‚ who had a dream of going to America‚ to escape poverty and provide a better quality of life and education for her daughter. This dream is accomplished‚ providing her daughter with the right tools to become a successful writer‚ and she then goes and discusses her relation with her roots and heritage‚ through the language she is speaking now‚ English. She mentions

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    Regressive Tax

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    Regressive Tax Subject: Argument for Implementing Regressive Income Tax The primary income taxation structure in the United States should be a regressive tax structure. A regressive tax rate decreases with an increase in the tax base. This means‚ the lower the amount of income a person earns‚ the greater the share of that income will go towards paying taxes. The income tax should become a regressive tax because every tax bracket would then pay roughly the same dollar amount in taxes to the government

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    Fat Tax

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    Fat Tax Notes Important Note The importance of a balanced diet cannot be overstated. A balanced diet provides natural disease prevention‚ weight control and proper sleep without the use of sleeping pills. A balanced diet is also important because it enables you to meet your daily nutritional needs and enjoy a higher overall quality of life. Points For * People may stop buying the food if the tax is very high. Since healthier food is cheaper they will start to buy that instead to save more

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