THE IMPACTS OF GOODS AND SERVICES TAX (GST) ON MIDDLE INCOME EARNERS IN MALAYSIA MOHD RIZAL PALIL1 MOHD ADHA IBRAHIM 2 Abstract The introduction of GST in Malaysia has called many arguments from various parties including academics‚ professionals and the nation (would become the taxpayers) on how GST affect goods pricesincrease or decrease. The consumers are worrying of the significant price increases on basic needs when the GST has fully implemented. With the relatively high living costs particularly
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The debt crisis of Nigeria and Greece Introduction National debt is a problem that can inflict any country including the developed countries. Almost all countries go into budget deficit one way or the other and end up borrowing money. The most direct effect of the government debt is to place a burden on future generations of taxpayers. When these debts and accumulated interest come due‚ future taxpayers will face a difficult choice. Inheriting such a large debt cannot help but lower the living
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in this paper that even where every one agrees that the tax system should be simple as dictated by the first maxim of Adam Smith‚ no country is yet to meet this standard. Questions on policy‚ complexity‚ equity‚ administrative efficiency‚ cost of compliance all increasing the cry for a tax change. Many Eastern Europeans have adopted the flax tax system and presently has an increase economic growth. However‚ are they fully operating the flax tax system? INTRODUCTION Taxation is a levy or a charge
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a commodity. Tax constitute the major source of the government’s income Meaning of Tax The tax is compulsory payment to the Government by taxpayer without any expectation of some specified return. While paying tax‚ the tax-payer is not entitled to force the government to give something in return of the sum he has paid as tax. Characteristics of a Tax A compulsory payment: - Tax is not an optional payment by a citizen but a payment having legal enforcement behind it. Tax is levied by the
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by the residents of Maiduguri because of its strong opposition to Western education‚ which it sees as corrupting Muslims. Mohammed Yusuf established a religious complex that included a mosque and a school in 2002. Many poor families from across Nigeria and from neighboring countries enrolled their children in the school‚ which also served as a recruiting center for jihadis to fight the Nigerian State. In 2004 it moved to Kanamma‚ Yobe State‚ where it set up a base called "Afghanistan"‚ used to
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The ability to sell inventory and collect receivables is critical. In this topic‚ we discuss three ratios that measure this ability. Inventory Turnover. Companies generally strive to sell their inventory as quickly as possible. The faster inventory sells‚ the sooner cash comes in. Inventory turnover‚ measures the number of times a company sells its average level of inventory during a year. A fast turnover indicates ease in selling inventory; a low turnover indicates difficulty. A value of 6 means
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Science is a boon or bane As we know that every coin has two faces‚ same with science. Good morning to everyone today I Anoohya is here to tell you about the given topic science is a boon or bane. Science" every person has his own thought about it some say it is good while the others say it is bad nothing is good or bad but it depends on the man how he uses it. Can you imagine the world without electricity? Of course not. Inventions are made with the thought of improving men’s life not with the
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Blood - Components‚ Testing & Collection Released On 23rd September 2015 This market insight report gives an insight into global Blood – Components‚ Testing & Collection market. The report also provides market analytics by Product Type. The market is divided by Type into Blood Components and Blood Testing & Collecting Devices and Other (Artificial Blood and Research) ; and by Blood Products into Plasma Products‚ Cellular Components‚ and Whole Blood; and Blood Testing & Collecting Devices into
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Nothing feels more discouraging and even frightening to get a call from a debt collector. This holds especially true if you own a business that’s about to go into collections. However‚ you don’t have to be at the mercy of the debt collection companies. Here are four steps you can take to help you stay out of debt and out of collections. 1. Have an Emergency Fund Dave Ramsey‚ one of America’s most respected financial advisors‚ tells the readers of his book “Total Money Makeover” that they need to
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CampusCare software - the school automation software and proved the fees collection happens by projecting the expected‚ maintains the actual receipts and the balances. The balances break up is also a necessity for any school to organize their finance expenses. Fee management Software‚ being the backbone of financial aspect of school‚ plays most vital role in functioning of the school. The process of collecting fees needs close control of management to ensure foolproof financial management. With
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