As the end of the year 2012 approached‚ the passing of the Sin Tax Bill grew into being the “talk of the town” – or perhaps‚ of the entire country. On the 20th of December of the same year‚ President Noynoy Aquino finally signed Republic Act No. 10351‚ better known as the Sin Tax Reform Act of 2012 which was implemented on January of the year 2013.The sin tax law is expected to raise 30 billion pesos ($750 million) which will be used for the health care services for over 5 million poor families just
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Finance Department of Revenue (Tax Research Unit) *** V. K. Garg Joint Secretary (Tax Research Unit) Telephone No. 011-23093027 Fax No. 011-23093037 E-mail: garg.vk@nic.in D. O. F. No 334/1/2012-TRU New Delhi‚ dated 16th March‚ 2012. Dear Sir/Madam‚ Subject: Union Budget 2012: Changes in Service Tax-reg. It is said that in matters relating to taxes‚ questions rarely change‚ but the answers do. Budget 2012 has‚ however‚ changed a number of questions relating to service tax. 2. No more will the most often-asked
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Petersan Tax Return Teri A Burris Federal Income Taxes I ACC 401 Gary Tate 1 April 2013 In order to properly prepare a tax return‚ there should be a complete list of the correct documentation in order to facilitate In this case Harold and Sarah Petersan; the forms will be a varied depending on their information. Harold and Sarah Petersan is a married couple living in California‚ with one dependant. Both husband and wife
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The most important event in the Progressive Era was the implementation of state referendums. Referendums granted power to citizens to control specific aspects of their lives. Furthermore‚ this allowed citizens to be able to take on important issues that would otherwise not be available for decision. Before this‚ only elected officials could vote on issues that faced the state. In the eyes of the reformers of this time period‚ those officials were in the pocket of big business‚ rather than fighting
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The industrial era was a time of great change‚ but there were numerous problems that needed to be resolved‚ the progressive era was a result of this and fixed many of these issues. One complication that the progressive era solved is the rapid urbanisation and industrialisation of cities. Often overcrowded because of immigration‚ cities had very low standards of living‚ people couldn’t sustain themselves; one man named Jacob Riis even photographed the poor and published his book “How The Other Half
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Aneta Lesna FINAL EXAM –ACCT 349 1. Samantha Corporation owns a building with a fair market value of $70‚000 and an adjusted basis of $40‚000. It exchanges the building for land with a fair market value of $45‚000. Also assume that Samantha has a $10‚000 mortgage on the building. As part of the exchange‚ the owner of the land agrees to assume the mortgage and pay the corporation $15‚000 in cash. What are Samantha’s realized gain‚ recognized gain‚ and basis in the land? Gain 5000 2
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Now‚ let’s say I approach you on the street and demand money from you would you give it to me? What if I threatened you? Would it be right for me to insist you give me the money from your wallet? What if I only wanted one third of the money in your wallet? What if I promised you protection and other services in return for the money? Would you consider this theft? I imagine you would. Mugging‚ robbery‚ extortion. And you would be right in that assessment. What if I stopped you on the street and
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California is a Progressive state whose progressive political ideology originates from the American Progressive Era of the 1800s and continues to influence state legislation today. During the late 1800s and early 1900s‚ the political unrest in response to anti-suffrage for women and monopolies created a climate for reform to take places in California. Progressives shaped California by bringing public attention to a multitude of issues ranging from human rights to food and water supply. Progressive ideology
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Week 1 : Week 1 - Quiz ------------------------------------------------- Top of Form Time Remaining: | | 1. Henry transfers property with an adjusted basis of $90‚000 and a FMV of $100‚000 to a newly-formed corporation in a Sec. 351 exchange. Henry receives stock with a FMV of $80‚000 and a short-term note with a $20‚000 FMV. Henry’s recognized gain is (Points : 2) | $0. $5‚000. $10‚000. $20‚000. c) Realized gain is recognized to the extent of boot
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Benny Panklang DBQ #1 Progressives are American people who are convulsed by the reform movement and the group is ethnically and racially diverse. Progressives would wage war on monopolies‚ corruption‚ and inefficiency and the injustice of social life. Progressives do not want to remedy the systems rather that destroy it. Reformers of the progressive era and the federal government during this era are effective in bringing about reform at the national level due to the establishment of many Amendments
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