relevance of Adam’s Smith canons and justify what other attributes I believe a good tax system should have. Formally‚ tax is defined as an involuntary fee enforced by the government in order to finance its activities. However‚ some perceive tax as the price we pay to live in a civilised society and it is a fundamental part of any developed economy. (Oliver Wendell Holmes) From my point of view‚ the purpose of tax is to fund the government‚ incentivise certain behaviour in order to achieve economic
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Amy and Andrea are similar in two major ways. One of these similarities are their immigrant parents. Amy’s Parents immigrated from China to the United States. As Amy states in “Two Kinds” her mother came to San Francisco in 1949 after losing her mother‚ father‚ home‚ and twin daughters. Andrea’s parents had immigrated to the United States from Bolivia in the 1980’s. The other major similarity is their strict mothers. For example‚ Amy’s mother wanted her to be a prodigy. At first her mother wanted
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Executive Summary Over the past two years‚ Jones Soda Company has successfully acquired strategic alliances with various companies in order to provide deeper and more diverse market exposure. Some of these companies include Barnes & Noble‚ Panera Bread‚ and Starbucks. Since Jones does not deal in multimillion dollar advertising campaigns‚ this is their best way to promote their brand. By offering their wide assortment of beverages in stores and restaurants‚ Jones has been able to sell more to the consumer
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Smokers and the tax The fallacy in the proposed higher tax on cigarettes is the belief that the number of smokers will be reduced if the price of the smoke goes up beyond their reach. This may well be true if there were no cheaper and better-tasting substitutes which are taxed. However‚ there are a lot of reasons for smokers should pay a health tax. First‚ smoking is unhealthy. Therefore‚ people should care about themselves and think about other people around them. Smoking cause a lot of diseases
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Tobacco tax: good for health‚ good for government finances Tobacco use kills over 5 million people each year and is the largest single preventable cause of premature death.1 Tobacco is very costly to society through high costs to treat tobacco-induced disease or through loss of productivity as a result of the premature deaths. But governments have a tool to combat the costs of tobacco use — tobacco taxation. Higher tobacco prices decrease consumption and encourage people to quit Increasing
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“Fat Tax” Not a Panacea “Obesity now contributes to the death of more than 360‚000 Americans a year. The incidence of childhood obesity is now at epidemic level. Alarm bells are going off all over the place. But our government has done virtually nothing.”- Tom Harkin. Obesity is a medical condition in which excess body fat has accumulated to the extent that it may have an adverse effect on health‚ leading to reduce life expectancy and/or increased health problems (Wikipedia). To cut that number
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Executive Summary The purpose of this report was to analyze the ’alcopops’ tax with related economic theory and outline the main issue and identify the key stakeholders. Also‚ the report will provide solutions and alternate recommendations. This report is based on news article provided from teachers which are about ’alcopops’ tax. Findings portray that alcopops are especially popular among teenagers and the imposition of the tax is not effective for young people due to they can find other sustitubes
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While reading 12 Ethical Dilemmas Gnawing at Developers Today by Peter Wayner I felt a sense of inclusion and familiarity. The article’s premise is that programmers should consider ethics while choosing what techniques to use when writing and developing software and coding systems. In this paper I will break apart this article by analyzing its rhetoric using the grounds of ethos‚ logos‚ and pathos. The issue the author has wrote about is worth discussing largely because ethics in technology is
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EXEMPTIONS/AMENDMENTS IN/WITHDRAWAL OF EXISTING EXEMPTIONS Rate of service tax restored to 12% As per section 66‚ the charging section under earlier regime‚ rate of service tax was 12% of the value of taxable services. However‚ the rate of service tax was reduced to 10% vide Notification No. 8/2009 ST dated 24.02.2009. With effect from 01.04.2012‚ Notification No. 02/2012-ST dated 17.03.2012 rescinded the said notification and the rate of service tax was restored to 12% for the period between 01.04.2012 to 30.06
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Ch. 12 Taxable Income and Tax Payable for Corporations I. Calculation of Net Income For Tax Purposes and Taxable Income - Corporations follow the applicable ordering rules of Section 3 in computing NITP Net Income for Tax Purposes Less: Div C deductions Taxable Income Most of the Div. C deductions for corporations are DIFFERENT from the Div. C deductions for individuals. Div C deductions for Corporations: 1. Charitable
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