Services Tax (GST) can facilitate a significant improvement in the overall tax administration and enable revenue authorities to introduce modern procedures based on voluntary compliance. GST is a consumption tax charged on a wide range of domestic & international products‚ goods and services. GST covers all types of goods & services sold to Malaysian & non-Malaysian residents also known as consumers except for common commodities such as rice‚ flour & sugar. It is a broad-based tax imposed
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The GST input tax incurred by businesses is claimable as a credit if they make taxable supplies. This avoids the cascading tax effect of the current single-stage sales tax and service tax regime‚ which results in higher prices. Recognising the wide-ranging impact of GST‚ the Government has proposed an initial low rate of 4%‚ coupled with zero-rating and exemption of essential goods and services. Anti-profiteering legislation and other measures for qualifying persons in the lower-income
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strength among other effects. Recently‚ food processors and restaurants are needed to list nutritional advice in more realistic and conspicuous means but some propose the government to impose a tax on junk food and fatty snacks. The concept was first proposed in early 1942 by a physiologist who argued that individuals should be taxed per pound they were above standard weight. The concept has moved across from entity to groups of specific food‚ especially which are likely to increase the risk of
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Many people drink sugary drinks every day‚ but really how bad is it for your teeth? This project shows the repercussions of drinking sugary soft drinks. This experiment tests eight adult teeth in eight different soft drinks for 48 hours. The results are equivalent to not brushing your teeth for two days or constantly sipping on a soft drink for more than an hour. If the sugar and acid particles are left on the teeth‚ then more acid is made by the sugar and the enamel starts to wear away. This can
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health hazard! There is no nutritional value in soft drinks‚ only detrimental ingredients. They are full of sugar‚ most contain caffeine and they fill the stomach and take the place of good nutrients. Americans consume too many soft drinks and don’t drink enough of what our bodies need...Water! Not to mention the fact that they cause obesity. Soft drinks contain many unwanted particles and impurities. It also causes cancer. Soft drinks contain chemicals from Ajinomoto which are very harmful
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To Drink or Not To Drink In the current situation‚ many young people are frequently involved in violence and crimes. One of the risk factors related to violent behaviors among young people is alcohol consumption. “Numerous studies have shown that alcohol and violent behavior are associated” which means “the risk of being involved in violence increases with alcohol intake” (Bye and Rossow 131). In addition‚ data indicated that young individuals enrolled in colleges or universities were more likely
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Milk has been used for human consumption for thousands and thousands of years‚ as proven by cave drawings showing cows being milked. Today‚ cow ’s milk is still one of the most popular animal milks consumed by humans. Around the world‚ people drink the milk from many other animals including camels‚ goats‚ llamas‚ reindeer‚ sheep‚ and water buffalo. We have all heard the popular saying‚ “Milk‚ it does a body good”‚ on TV or on the radio but is milk really good for us? Some people are beginning to
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Tax is a compulsory levy imposed by the government; critically appraise the challenges encountered by Nigeria government towards the optimal collection of the different taxes. What is Tax? Tax can be defined as a compulsory levy by government on goods‚ services‚ income and wealth. Primarily to obtain r evenue. In other word‚ it is levy or dues on the income of persons and companies. It provides definite source of revenue of person for government expenditure. It is the way by which government
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How Should the U.S. Government Spend Tax Dollars during Economic Hardship? In a plunging economy the world is weathering I’m inclined to stress the importance of how taxpayers’ dollars are spent. I believe that taxpayer’s funds should be used to better everyone’s situation and used where there is the most need. Due to the recession that the United States government has been plagued by due to unaccounted revenue‚ therefore‚ resulting in a negative lash back. Therefore‚ the government is forced
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International Trade Case-note DISPUTE SETTLEMENT: DISPUTE DS308 Mexico - Tax Measures on Soft Drinks and Other Beverages The Mexico- Soft drinks case was an important case based on the sweetener’s trade market in North America. This case note will try to summarize the facts of the case in order to analyze the issues raised by it. Following‚ we try to expose the reasons why Mexico decided to implement tax measures as a response to the United State’s refusal to submit their dispute to the
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