Paper Presentation on [REPUBLIC ACT NO. 10351] AN ACT RESTRUCTURING THE EXCISE TAX ON ALCOHOL AND TOBACCO PRODUCTS BY AMENDING SECTIONS 141‚ 142‚ 143‚ 144‚ 145‚ 8‚ 131 AND 288 OF REPUBLIC ACT NO. 8424. OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997‚ AS AMENDED BY REPUBLIC ACT NO. 9334‚ AND FOR OTHER PURPOSES Commonly known as SIN TAX REFORM ACT OF 2012 “Stick to One” OVERVIEW Sin Tax is a tax levied on products or activities‚ which are considered sinful or harmful and considered
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18 March 2013 Sin Tax Bill: Dashing Expectations How good does the decrease of the number of smokers in the Philippines sound? Moreover‚ wouldn’t an increase in the government’s health care revenue be pleasing to hear? The Sin Tax Bill‚ now signed into law‚ aims to promote health by discouraging vice whilst raising additional revenues for the government’s Universal Health Care Program. It aims to do so by increasing taxes in so-called sin products such as alcohol and cigarettes. The largest percent
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important component of the financial planning process is tax planning‚ which is the structuring of transactions with the intent reducing tax costs and gaining tax benefits. Strategic tax planning is a common occurrence in the business world because of its ability to help companies maximize their after-tax value. Typically‚ firms use the services of outside specialists‚ also known as tax researchers‚ in tax planning. The role of the tax specialist is to determine the optimal business decisions
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refund payments in the last three years are related to both the weak economy and three successive rounds of tax law changes which have both contributed to the temporary boost of refunds. Currently‚ over $2 billion is sitting in the Internal Revenue Service account unclaimed by rightful owners. The money is owed to 1.7 million taxpayers who never filed 2001 tax returns. For the 2004 tax year‚ the gross income filing requirements are as follows: § Single‚ under 65‚ not blind $7‚950 § Married
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can save on taxes by investing more in their business and claiming the tax deductions the law allows. By spending a few hours to understand all the deductions you are entitled too‚ you can save thousands of dollars. Is Your Business a Startup? First‚ if your
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February 7‚ 2012 TAX FILE MEMORANDUM TO: Professor FROM: Student SUBJECT: Murray Taxpayer Issues Regarding Damage Award Facts: Murray Taxpayer was previously employed by a company who was illegally dumping chemicals into a river. Murray had knowledge concerning these illegal activities of his employer and made an ethical decision to report this to the Environmental Protection Agency. Upon inspection‚ the Environmental Protection Agency determined that Murrays employer was in fact illegally
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Tax Research Exercise 1 1) 147(c)(2)(C)(iii)Insolvent farmer.—For purposes of clause (i)‚ farmland which was previously owned by the individual and was disposed of while such individual was insolvent shall be disregarded if section 108 applied to indebtedness with respect to such farmland. 2) Federal Tax Regulations‚ Regulation‚ §1.351-1.‚ Internal Revenue Service‚ Transfer to corporation controlled by transferor Click to open document in a browser Reg. § 1.351-1 does not reflect P
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There has been plenty written over the centuries regarding the seven deadly sins. From movies to books‚ the sins pop up regularly. However‚ are the seven deadly sins also prevalent in your world when it comes to your teeth? Consider whether the seven deadly sins are impacting on your dental care! Lust Lust is the sensation of extreme longing. Are you lusting for better teeth in your mouth? It’s not uncommon to want to have straight‚ white teeth like those seen on models in the media. BUPA‚ a private
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Seven Capital Sins The Seven Capital sins play apart in every one’s life. Whether it is something big or something small‚ the capital sins usually have something to do with the all of the sins you have committed. The seven capital sins or seven “deadly sin” consist of lust‚ gluttony‚ greed‚ sloth‚ wrath‚ envy and pride. These are some of the worst sins you can commit and are a slippery slope when it comes to life choices . They make you less appealing to others and weaken your relationships
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Abstract Research and Recommendation on CTC’s Choice of Entity type Case Review Our client‚ CTC‚ design and manufacture cookware that remains cool to the touch when in use. The company originally has three investors‚ Dawn‚ Linda and Mike with different contribution. Dawn is single with no other jobs‚ will contribute land and cash with 30% ownership interest. Linda is married‚ will contribute services with 30% interest. Mike will contribute cash and 40% ownership and he will not involve in the
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