GHANA Introduction & Definition of taxation: To tax (from the Latin taxo; "I estimate") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the government [...] a payment exacted by legislative authority." A tax "is not a voluntary payment or donation‚ but an enforced
Free Tax
its advantages and disadvantages to Nigeria. Introduction: Nigeria is a country located in West Africa; it has a population of about 160‚027‚000 (World Economic Fact Book 2010). Its main produce is oil and petroleum; the country is also a key producer of rice‚ cocoa and palm-oil in West Africa. (See Appendix 1).Nigeria belongs to a number of economic blocs
Premium West Africa European Union Free trade
: Table of contents: 1. Introduction……………………………………………………….05 2. What is tobacco……………………………………………………05 3. Types of tobacco products………………………………………..06 4. Tobacco related illness……………………………………………09 5. What is meant by tobacco tax…………………………………....10 6. Taxes on tobacco………………………………………………….10 7. Structure of taxes…………………………………………………10 8. The situation in Bangladesh……………………………………...13 9. Structure of taxes in Bangladesh…………………………………14 10. Summary…………………………………………………………17 11
Premium Tobacco Cigarette Nicotine
TAX AVOIDANCE vs. TAX EVASION From the time taxes were first imposed on American citizens‚ people have been trying to find ways to escape paying them. While some taxpayers continue to find legal ways to avoid paying a portion of their taxes‚ others simply choose to evade taxes or not pay them at all. Avoiding taxes and evading taxes may sound like similar actions‚ but the two terms have very different meanings. Avoiding taxes can be accomplished though various legal means‚ whereas evading taxes
Premium Tax Taxation Progressive tax
THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF LAW ON ENTERPRISE INCOME TAX NO.14/2008/QH12 AND GUIDELINES ON IMPLEMENTATION OF DECREE NO.124/2008/ND-CP DATED DECEMBER 11‚ 2008‚ DECREE NO.122/2011/ND-CP DATED DECEMBER 27‚ 2011 OF THE GOVERNMENT DETAILING THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF LAW ON ENTERPRISE INCOME TAX Pursuant to the Law on Enterprise Income Tax No. 14/2008/QH12 dated June 03‚ 2008; Pursuant to the Tax Administration Law No. 78/2006/QH11 dated November 29‚ 2006; Pursuant
Premium Depreciation Tax Taxation
Tax Shelter I. Definition Any method of decreasing taxable income in a payments to tax collecting entities‚ including state and federal government. The most common type of tax shelter is an employer-sponsored 401(k)plan. a. Types of tax shelters Some tax shelters are questionable or even illegal: Offshore companies. A company which is incorporated outside the jurisdiction of its primary operations regardless of whether that jurisdiction is an offshore financial centre. Due to differing tax
Premium Tax Tax haven Taxation
Ethics and Compliance Paper University of Phoenix Finance for Business/ FIN370 September 9‚ 2009 Wal-Mart is a global conglomerate of economically priced everyday household items housed in mega-stores in most major cities having Sams’ Wholesale membership only club and anchored by Wal-Mart.com. Wal-Mart employs over 2 million associates throughout the world with 1.4 million employed in the United States alone. Charitable giving is part of the initiative and expounds on the art of giving back
Premium Non-profit organization United States Sales
HRM/531 Employment Law Compliance There are laws that each state has to follow in order to have a business established. The type of business that is being established depends on the laws that need to be followed. After listening to the video chat with Bradley Stonefield‚ it has been identified that his goal is to begin a limousine service business in Austin‚ Texas where he currently resides. Bradley would like to have a small business with 25 employees to get started. As time goes on and business
Premium Insurance Employment Vehicle
EBONG GROUP MANAGING DIRECTOR/CHIEF EXECUTIVE UNION BANK OF NIGERIA PLC ABSTRACT Against the backdrop of the role of banks as financial intermediaries and their function as the engine of growth of the economy‚ this paper examines the extent to which the banking industry has helped to stimulate economic activities in Nigeria and what the prognosis looks like in the post-consolidation era. The paper notes that the banking industry in Nigeria witnessed a remarkable growth in terms of deposit base‚ number
Premium Bank Economic growth Fractional-reserve banking
Religion and corruption in Nigeria In the constitution of our nation religion feature prominently at the very beginning. I the preamble to the 199 constitution‚ it is affirmed and solemnly resolved that we intend to live in hrity and harmony as one indivisible and in dissolvable fevereigh nation under God. Indeed the overwhelming mighty of Nigerian are religions people we believe in the supremacy of God‚ we believe that God is the very basis of our individual lives and our corporate existence.
Premium Islam Christianity Political corruption