RATIONALE FOR STATE INTERVENTION AND PUBLIC POLICIES “Tobacco is the only industry that produces products to make huge profits and at the same time damage the health and kill their consumers.” - Margaret Chan‚ n.d. The controversial Sin Tax Bill was approved and became a law when the Philippine President‚ Benigno S. Aquino III signed the Republic Act No. 10351 on December 19‚ 2012 after the long sixteen (16) years hot debate in the Legislative branch of the Philippines. This issue has been
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Computers and the Internet are great items for the household‚ but along with these advantages there are disadvantages. They are constantly changing the way that we live and do business. The Internet puts tons of information at a click of a button. This information is a great educational tool for children. The Internet can be very dangerous to young children‚ and there is also research being done now about possible problems that adults have with computers. It is the parents’ responsibility to make
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FairTax 1. Will transfer tax burden from upper class to middle class 2. Will negatively impact housing market and charities 3. Will create huge underground economy and will lead to higher rates on consumption than predicted 4. Will not abolish IRS‚ but rather require increased government monitoring to ensure tax compliance 5. Not enough evidence of practicality and beneficial results of FairTax to justify risks Pretty much everyone would agree that our current tax system is almost comically
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Below is a free essay on "Advantages and Disadvantages of Facebook" from Anti Essays‚ your source for free research papers‚ essays‚ and term paper examples. Nowadays‚ there are many social networks that can be found on internet and there are also many people are using it. One of the most popular social networks is Facebook. Facebook is a social network that connects the people all around the world‚ no matter in which country. Facebook encourages the communication between people without any boundary
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is looking to solve tax related issues? Or maybe you are just an average person that has had some major financial setbacks over the past couple of years and have not been able to pay your back taxes? If any of these are the case then you should consider consulting with an experienced tax relief attorney who can help you get out of serious tax related issues. These lawyers can assist you by providing you with all of their expertise and knowledge in getting maximum possible tax relief. Most people
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By:Alexzandria Gipson Sugar ..Drinks...Tax…Should there be tax on sugary drink?There should be tax on sugary drink because it could help with health problems and it can also help save money. One reason why there should be tax on sugary drinks is because it could encourage people to be healthy.One example why there should be tax onsugary drinks is because they could help with diabetes. They would be discouraged because there would be tax. Another reason why there should be tax on sugary drinks is according
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10(34). This includes deemed dividend under sections 2(22)(a) to (d). This is because such dividend attracts dividend distribution tax @ 12.5% in the hands of the company. (2) The TDS provisions under this section are attracted only in respect of deemed dividend referred to in section 2(22)(e)‚ if such dividend exceeds Rs. 2‚500 in a year. (3) The rate of deduction of tax in respect of such dividend is 20% plus surcharge‚ if applicable‚ plus education cess. (4) Under the proviso to section 194‚
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Alternate Tax * Contributed under income tax * by vakilsearch Taxation on income is a vital source of revenue for our Government. Although Companies have to follow a mind-bogglingly complex procedure‚ the list of exemptions and deductions is long. As a result‚ a lot of Companies used these deductions and exemptions and escaped tax liability. While they enjoyed book profits as per their profit and loss accounts (and sometimes even distributed dividend)‚ tax liability as per the Income Tax Act
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JUSTIFICATION OF GST There was a burden of "tax on tax" in the pre-existing Central excise duty of the Government of India and sales tax system of the State Governments. The introduction of Central VAT (CENVAT) has removed the cascading burden of "tax on tax" to a good extent by providing a mechanism of "set off" for tax paid on inputs and services upto the stage of production‚ and has been an improvement over the pre-existing Central excise duty. Similarly‚ the introduction of VAT in the States
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Junk Food Tax The current issue of junk food consumption and the overall obesity battle in America continues to plague our nation. The suggestion to counteract this problem is the implementation of a “junk tax”. ProQuest states that‚ “’junk food tax’ refers to a tax placed upon fattening foods or beverages” (Par. 1). The intention of the tax is to minimize the consumption of unhealthy foods‚ which would expectantly lead to a healthier population. A junk food tax would also generate revenue for causes
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