SOCIO-ECONOMIC PROBLEM OF TAX AVOIDANCE AND EVASION IN NIGERIA: AN OVERVIEW Dominic Asada LL.B. (Hons.) B.L‚ LL.M. Tax Avoidance and Evasion are some of the most perplexing problems facing the nation today. It is widely believed that there is a considerable difference between estimated revenue from taxation every year and what is actually collected. This disturbing aversion to taxation has some historical antecedents. Traditionally‚ there has always been a hostile response to the payment of tax by the people
Premium Tax
risen. Gas has become pricey‚ and the controversial argument that oil will one day perish are factors that have led people to find other alternatives. Biodiesel is an efficient alternative fuel‚ for the reason that biodiesel is a safe‚ eco-friendly‚ and affordable option. Biodiesel is a clean burning alternative fuel. It is renewable and generated from a variety of vegetable oils and animal fats‚ not raw vegetable oil. Raw vegetable oil cannot be utilized because it has not undergone the process of
Premium Petroleum Biodiesel Diesel engine
Hydrogen: The Fuel of The Future By: Json Why are we as Americans so afraid to change? even if it is a change for the better? the world has been using oil coal and other petroleum products to power just about everything that moves for the last 150 years. yet most cars in the united states only get 10-20 miles a gallon and even the "good" ones can get only a petty 20-50 miles a gallon. so why do we put up with the inefficiency when there are far better alternatives out there? Such as hydrogen
Premium Hydrogen Water Petroleum
taxation in Bangladesh Tapan K Sarker1 ABSTRACT: This article reviews the incidence of income taxation in Bangladesh tax system. The main purpose of the study is to determine how the burden of personal and corporation income taxes is allocated among taxpayers of different income groups. In case of personal income taxes it shows that only 13 percent taxpayers paying around 73 percent of tax revenue collected through personal income taxes and interestingly about 53 percent taxpayers pay only 0.08 percent
Premium Tax Income tax Taxation
Topic Outline Effects of Sin Tax Law to Selected Bar Establishments in Dumaguete City Thesis: Although the sin tax law helps the country’s economy by raising the governments collected revenue which accounts for public use‚ it also results bar owners to eventually lay off workers to the extent of closing their business due to higher tax collection and sudden reduction of consumers. Introduction I. Sin Tax A. Definition B. History II. Effects of sin tax in the Economy A. Decrease consumers
Premium Tax
History Income tax levels in India were very high during 1950-1980‚ in 1970-71 there were 11 tax slabs with highest tax rate being 93.5% including surcharges. In 1973-74 highest rate was 97.5%. But to reduce tax evasion tax rates were reduced later on‚ by "1992-93" maximum tax rates were reduced to 40%. [2][3] [edit]Residential status‚ Scope of taxable income & Charge [edit]Charge to Income-tax Whose income exceeds the maximum amount‚ which is not chargeable to the income tax‚ is an assesse
Premium Taxation Tax Taxation in the United States
September 17‚ 2013 The purpose of this paper is to assess personal energy use and speak about the forms of energy that I currently rely on and the sources they originate from. It also talks about renewable energy sources that would be most and least appropriate to use in a certain location. Then it refers to the advantages and disadvantages of the energy source that I currently use‚ also about renewable ones that have been identified. The last part of the paper addresses energy conservation
Free Wind power Fossil fuel Energy development
By: Mohamed Yasser Osama Ghallab To: Dr. Ahmed Ghoneim 19 June 2011-06-19 Index a. Chapter 1: introduction: a. What is recession b. What is the reasons of the US financial crisis 2008 b. Chapter 2: the world effect a. How did the financial crisis affect the whole world b. Why did the financial crisis affect the world c. Chapter 3: The Egyptian economy before the financial crisis a. the economy before b. GDP before
Premium Monetary policy Recession Inflation
Contents TAX LEG: ITAA1936 [eg. S6(1)]‚ ITAA1997 [eg. S6-5]‚ FBTAA 1986‚ GST Act 1999. Topic 2 – Jurisdiction to Tax taxable payable Tax Payable (s4-10 ITAA1997)= (Taxable income * Tax Rate) – Tax Offsets (Tax/Financial Year = I July – 30 June) – Income tax payable on a year-by-year basis s3-5 ITAA97. Taxable income (s 4-15 ITAA) = Assessable Income less Deductions Assessable Income (s6-1) = Ordinary income (s6-5) and Statutory income (s6-10) but not Exempt income (s6-15). Assessable
Premium Taxation in the United States Tax Income
government losing money from tax avoidance. The BBC reported that some multinational companies use tax avoidance strategy to decrease the tax. It seems like these companies are lack of corporate social responsibility. However‚ tax avoidance does not equal to tax evasion. Some individuals assert that the government should publish a new policy to stop tax avoidance. While many others argue that it is blameless economic activity in the economic market to reduce the tax. Personally‚ I am in favor of
Premium Corporation Tax Tax haven