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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if illegal immigrants migrate over to our country there will be a population imbalance‚ which in other words it can overpopulate our counrty. Crowding‚ that is‚ increases in the population density in certain regions. This is one of the basic disadvantages of immigration. This can imbalance to one nation’s natural resources. When a country is overpopulated‚ there will be a high rate of unemployment because there aren’t enough jobs to support population. It can lead to the rise of poverty and demands
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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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Hydraulic fracturing‚ or fracking‚ is defined as “the process of injecting liquid at high pressure into subterranean rocks‚ boreholes‚ etc.‚ so as to force open existing fissures and extract oil or gas.” It consists of a well that is drilled miles deep that contains chemicals‚ additives‚ and sand‚ but mostly just large amounts of plain water. Once the rock is cracked from the pressure of the fluids‚ the natural gas comes back up the well‚ with millions of gallons of contaminants and chemicals.
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Belinda Lithography – The disadvantages Background: Invented by Alois Senefelder in Germany‚ 1798 New technology since the 15th century – Gutenberg’s printing press How it works: It is a mechanical planographic process in which the printing and non-printing areas of the plate are all at the same level Lithography is based on the chemical repellence of oil and water. Designs are drawn or painted with greasy ink or crayons on specially prepared limestone. The stone is moistened with water
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The disadvantages of globalization 1. “The general complaint about globalization is that it has made the rich richer while making the non-rich poorer. It is wonderful for managers and investors‚ but hell on workers and nature.”1 2. Multinational corporations are accused of social injustice‚ unfair working conditions (including slave labor wages and poor living and working conditions)‚ as well as a lack of concern for the environment‚ mismanagement of natural resources‚ and ecological damage. 3.
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Films‚ also called a movie or motion picture. Films usually include an optical soundtrack‚ which is a graphic recording of the spoken words‚ music and other sounds that are to accompany the images. Films are also a cultural artifacts created by specific cultures. They reflect those cultures‚ and‚ in turn‚ affect them. Film is considered to be an important art form‚ a source of popular entertainment‚ and a powerful medium for educating or indoctrinating citizens. Some films have become popular worldwide
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The primary disadvantages of democracy are a general lack of accountability‚ the prospect of personal interest becoming the predominant factor in decisions‚ and negative financial implications. A democracy lays the power to make decisions in the hands of the majority. This‚ ironically‚ places an emphasis on both individual and group power. A group controls the decision-making process‚ but an influential individual can control the group. The issue with democracy‚ in spite of the power of the people
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Disadvantages of CD-Rewritable: * It can be affected by Environment (oxygen‚ heat‚ sunlight‚ humidity‚ liquids‚ and dust) and human mishandling (scratched‚ cracked‚ bent‚ misplaced‚ etc.). * It is more costly than CD-ROM * It is considerably less reliable with each recording and are not recommended for long-term or archival use. * Since it is portable media‚ it has risk of getting lost unlike internal hard-disks * It is time-consuming as manual process requiring human interaction
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