TAXATION LAW I. General Principles POWER OF TAXATION TAXATION – power by which the sovereign through its law-making body raises revenue to defray the necessary expenses of government from among those who in some measure are privileged to enjoy its benefits and must bear its burdens. Two Fold Nature of the Power of Taxation 1. It is an inherent attribute of sovereignty 2. It is legislative in character Extent of Taxing Power Subject to constitutional and inherent restrictions
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Introduction: This report is to find out whether the tax avoidance arrangements exists in the situation of taxpayers restructured their business as a trading trust for the purposes of section BG1 of the Income Tax Act 2007. Issue: Mr A and Mr B‚ two independent shareholders work full time in the IT Consultancy business. They were paid $80‚000 salary each in the first year but decreased to $50‚000 in the second year because business has gone down due to earthquake. They had received a dividend
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Parliamentary Taxation prompted rebellion in the colonies because England was deciding what taxes the colonies will pay to them‚ without talking to the colonies and knowing what the colonies made or how much they could afford. Restriction of civil liberties was a problem because England would not allow the colonies to appoint a governor for themselves out of the colony citizens. British Military measures became a problem because they started enforcing English law on the colonies by using the military
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V The United States of America-the New Lands The United States of America is a federal republic made up of fifty states and the District of Columbia. Its 9‚529‚063 square kilometers- nearly forty times the size of the United Kingdom- make it the fourth largest country in the world. In the east it is bordered by the Atlantic Ocean and in the west by the Pacific Ocean; approximately 4‚500 km of immensely varied land separate the east coast from the west coast. If you travel from east to west you cross
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Fairness in the American Taxation System The hot topic in America right now is taxation. While many members of society believe the current taxing system is fair‚ others believe it is not. The President‚ congress‚ and the senate try their hardest to work together to please the entire population with all of the reforms they make. Not only is paying taxes mandatory for American citizens‚ it is a public duty. The reason people are required to pay tax is because the government uses the money collected
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Is the orthodox view of parliamentary sovereignty still relevant in the modern British constitution? Why (not)? 1. The orthodox view of parliamentary sovereignty To define parliamentary sovereignty does not seem too complicated when it is assessed in isolation. Only in connection with other constitutional principles difficult tensions arise. The orthodox view of parliamentary sovereignty is simply that only parliament has the right to make or unmake law and that no other institution can challenge
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protects civil liberties. People in the United States‚ hold civil rights‚ which are those privileges‚ immunities and rights held by all Americans and political rights‚ which are the rights that are restricted to those who are entitled to participate in elections‚ as candidates or voters. The distinction is important since not all are eligible to vote though they all should enjoy their freedoms. This may no longer be feasible as majority of the civil rights are taken to include the political rghts in
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Brainstorm Ideas for ABC Project A is for John Adams. He was one of the members of the Committee of Five and the First and Second Continental Congress. He‚ along with John Jay and Benjamin Franklin also helped negotiate the Treaty of Paris (1783)‚ which officially ended hostilities between America and Britain. This was significant because it ended the war‚ and America won independence. B is for Battle of Bunker Hill. This was one of the major battles in the American Revolution. Here‚ the
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Civil liberties are our natural rights‚ such as freedom‚ equality and pursuit of happiness‚ which the government cannot modify by making new laws or by judicial interpretation. Civil liberties are important because it helps restrain the power of the government to dictate how we behave. This ensures that our daily life is not interrupted by authoritative figures that may just try to intentionally cause harm. Civil liberties contribute to the protection of our personal choices‚ such as the right to
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Over Immigration Restriction The term immigration refers to moving from your native country and coming to a foreign land for the purpose of a permanent residence and searching for greener pastures. There are several arguments by scholars about immigration restrictions to the United States. They had several similarities supporting immigration restrictions. Prescott Hall‚ Robert Ward‚ Frank Wright‚ Frank Fetter and John Mitchell all argued supporting the immigration restrictions. Immigrants
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