INTRODUCTION Service tax is a tax on Services. Service tax is not a tax on profession / trade but it is a tax on the service provided in exercise of the profession / trade. It is leviable only if there is provision of service. SALE V/S SERVICE Service is different from sale. The fact that some goods have been used in the course of providing service’ doesn’t make that transaction a sale. The nature of the transaction depends on the intention of the parties. If the parties intended to enter into
Premium Tax Real estate Taxation in the United States
In 2010‚ Labor Prime Minister Julia Gillard decided to implement carbon tax in order to gain more support in response to the change in climate (http://isen.northwestern.edu/doc/pdf/URG-ISEN_ALloyd.Jun12_ProjectSummary.pdf) and on the 8th of November 2011‚ the ‘Clean Energy Legislative Package’ is then passed by the Senate which sets out the way that Australia will introduce the carbon tax to reduce carbon pollution (http://www.deloitte.com/view/en_AU/au/services/assurance/accountingtechnical/wha
Premium Emissions trading Emission standard Balance sheet
fair tax: towards a modern tax system The Smith Institute The Smith Institute is an independent think tank that has been set up to look at issues which flow from the changing relationship between social values and economic imperatives. If you would like to know more about the Smith Institute please write to: Telephone +44 (0)20 7823 4240 Fax +44 (0)20 7823 4823 Email info@smith-institute.org.uk Website www.smith-institute.org.uk fair tax: towards a modern tax system The Director
Free Tax Taxation
Where Do Income Tax Dollars Go Opening up an envelope on the first of the month to reveal ones monthly pay is a surprise in itself. After arriving down at the bottom of the pay stub it seems that half of the paycheck goes to the government. Where does the money go? Where do income tax dollars go? On that pay stub there are three places ones tax dollars go to and they are social security‚ healthcare‚ and defense spending. The first line that appears on a pay stub is social security tax. Where does ones
Premium Social Security Medicare Franklin D. Roosevelt
Chapter 6 Tax matters 1、 Why have tax? The Collins Concise English Dictionary (1992. P 1383) defines the word “tax” as: “a compulsory financial contribution imposed by a government to raise revenue‚ levied on income or property‚ on the prices of goods and services‚ etc. and to levy a tax on (persons‚ companies‚ etc.)” (Clinton Alley‚ 2008). there are several reasons can explain the existence of tax: The main function of taxation is the fiscal one. It is through fiscality that taxes play their
Free Tax
Money - buying‚ selling and paying Personal finance Sometimes in a shop they ask you: ’How do you want to pay?’ You can answer: ’Cash. / By cheque. / By credit card.’ In a bank you usually have a current account‚ which is one where you pay in your salary and then withdraw money to pay your everyday bills. The bank sends you a regular banki statement telling you how much money has gone in and out of your account. You may also have a savings account where you
Premium Tax Bank Income tax
2. Why is there little tax evasion in Singapore or any other country of your choice? Is it because Singaporeans fear state punishment or because they are satisfied with the performance of the state? Or is there any other explanation? Which explanation(s) do you find most persuasive? Why? Tax evasion‚ the illegal negligence in taxpaying and misrepresentation of tax returns to reduce one’s tax liabilities‚ is at a low level in Singapore. With Singapore’s strong tax enforcement‚ Singaporeans fear
Premium Taxation Tax Tax avoidance and tax evasion
Adam TAX Tax is a fee charged by the government on a product‚ income activity. Unlike most transfers wich are voluntary‚ taxes are mandatory. It is mandatory because no one would have injective to contribute. The verb to "tax" appears in English usage as early as ca.1290. The word comes from the olde french "taxe" which is after the Latin "taxere". The noun "tax" appears in English sometime before 1327. Taxes can be divided to: - Direct - Indirect If tax is charged
Premium Tax Indirect tax Taxation
Government bonds and securities Trust in our government has been declining in recent years. Given the current status of our economy it is less likely to think of the government as an option for building retirement. However‚ investing in government bonds and securities can offer protection from times of high inflation which will leave a reliable source of income during retirement. I bonds and treasury inflation protection securities are two of the easiest ways for college graduates to begin
Premium Investment Finance Bond
Topic Outline Effects of Sin Tax Law to Selected Bar Establishments in Dumaguete City Thesis: Although the sin tax law helps the country’s economy by raising the governments collected revenue which accounts for public use‚ it also results bar owners to eventually lay off workers to the extent of closing their business due to higher tax collection and sudden reduction of consumers. Introduction I. Sin Tax A. Definition B. History II. Effects of sin tax in the Economy A. Decrease consumers
Premium Tax