A Fresh Approach towards Internalization: A Need of an Hour In India In Finance‚ cross-border transactions can be achieved at near-zero transactions costs using modern technology. In comparison‚ trade in goods has a more limited potential given the larger transportation costs. In Finance‚ there is a natural pressure for households to diversify their holdings internationally so as to achieve a free lunch of reduced risk. There is no comparable pressure in trade in goods which naturally encourages
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Sociological Approach Sociological critics believe that the relations of art to society are important. Art is not created in a vacuum. Language itself is a social product. A writer is a member of the society. And he takes his material from the society. A literary piece is not simply the work of a person. It is of an author fixed in time‚ space and his environment. Taine‚ the French man‚ said that literature is the consequence of the moment‚ the race‚ and the milieu. Edmund Wilson traces
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DQ 1 Why is tax minimization different from efficient tax planning? Effective tax planning involves considering the role of taxes when implementing the decision rule of maximizing after-tax returns. Tax-minimization does not aim to maximize after-tax returns‚ so it may be undesirable. Tax minimization can introduce significant costs along nontax dimensions. Tax minimization may not consider risks and costs‚ so may not catch the some profitable chances. But‚ effective tax planning always consider
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Tax & Taxation The term ’tax’ has been derived from the French word taxe and etymologically‚ the Latin word taxare is related to the term ’tax’‚ which means ’to charge’. Tax is an obligatory payment in the part of the citizen without the expectation of any direct benefit. Taxation is the obligation of non-penal‚ yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received. It is one of the
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An ad valorem tax is a tax based on the value of the incurred‚ like the value added tax‚ sales tax‚ property tax or inheritance tax. The value of the goods‚ services or properties is the basis for the tax collected. Specific tax on the other hand‚ is a tax based on the quantity produced. It is not a function of the value of the product being taxed. Cigarettes are a product being taxed in such category. The use of specific tax could have been a good idea since it is evident that even though
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TAX REFORMS IN INDIA * About :- Tax reform is the process of changing the way taxes are collected or managed by the government. Tax reformers have different goals. Some seek to reduce the level of taxation of all people by the government. Some seek to make the tax system more progressive or less progressive. Others seek to simplify the tax system and make the system more understandable‚ or more accountable . Numerous organizations have
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BEHAVIORISM Fred Luthans‚ James B. Avey and Brett Luthans Definition Behaviorism is a theoretical foundation with roots in psychology with an intentional focus on observable‚ measurable behavior as the primary unit of analysis (Luthans‚ Youssef‚ & Luthans‚ 2005). Behaviorism systematically analyzes the relationships between an individual’s behavior and environmental contingencies. The study and practice of behaviorism emphasizes predicting and controlling/managing behavior and thus is especially
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MANAGEMENT Financial Management Value Added Tax; Goods and Service Tax ABDOLMABOOD FOOLADIVANDA | MH101017 | Prepared for Prof. Dr. Melati bt Ahmad Anuar April‚ 2011 1. Introduction VAT is a system in which the tax is collected on the value added to the goods at each stage of sales. The dealer selling the goods collects tax on the full price at which he sells the goods. At the end of a tax period he reduces from the tax so collected by him‚ the tax which has been charged to by the dealers
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Approaches to early childhood education The Montessori Approach Maria Montessori (1870-1952) was born in Chiaraville‚ Italy. She was the first woman to enter medical school and “In july 1896 she became the first woman to gradute from the university of rome medical school and qualify as a doctor” (Flood & Hardy.2013) Montessori realised the importance of providing children with the right stimulation from her work wiith vunerable children in a psychiatric clinic in rome . Many of Montessori’s innovative
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FEATURES OF SERVICE TAX 1. Scope: It is leviable on taxable services ‘provided’ or ‘to be provided’ by a service provider. The services ‘to be provided’ in future are taxed only if payment in its respect is received in advance. Two separate persons required Payment to employees not covered: For charge of service tax‚ it is necessary that the service provider and service recipient should be two separate persons acting on ‘principal to principal basis’. Services provided by an employee to
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