debt. Talking Points • Government should contribute to the economic growth of a nation and provide the best entrepreneurial opportunities to its citizens. • Economic downturns can provide an opportunity to reassess processes and undertake reforms that make better use of resources‚ for example‚ by eliminating unnecessary compliance costs that no longer aid transparency‚ and adapting rules and procedures to the new
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Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3‚ No 10‚ 2012 www.iiste.org International Financial Reporting Standard (IFRS): Benefits‚ Obstacles And Intrigues For Implementation In Nigeria *IKPEFAN‚ OCHEI AILEMEN Ph.D (Banking &Finance)‚ ACA‚ACIB Department of Banking & Finance‚ Covenant University‚ Ota‚ Ogun State E-mail: ochei_ikpefan@yahoo.co.uk; Tel:234- 08053013418 **AKANDE‚ A.O B.Sc (Business Administration)‚ MBA; Department of
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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
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majority of the people have been hijacked by a few powerful individual who now control land and land resources in collaboration with multinational companies. In most part of southern Nigeria‚ particularly the Niger Delta region‚ the administration of Landwas carried out under the customary tenure. At this point of time Nigeria was under military dictatorship.Following are a couple of the drawbacks of the Act: 1)Power of Governor to revoke rights of occupancy. The main fault of the Land Use Act
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behaviors that is happening inside the prisons. Prisons are supposed to be places that change and develop people to the better. Instead it is a place deprived of humanity and consciousness‚ which leads to recidivism and behavioral violence. Prison reform is needed because it would help increase economic growth‚ reduce the number of prisons needed‚ and help allocate taxpayer’s money to education and healthcare. Above all‚ they are
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THE GROWTH OF ADR IN NIGERIA By Enenche Eleojo 1. INTRODUCTION As human beings‚ we are caught up daily in a complex web of social and commercial interactions. For as long as these interactions continue‚ interests are bound to clash. When interests clash or are in completion with the interest of others then we can say a dispute has arisen. For as long as humans exist there will be disputes. What makes the difference is how the disputes are resolved. Instinctively‚ once a dispute arises
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Tax Credits [Name of the Writer] [Name of the Institution] Tax Credits Purpose of Tax Credits A Tax Credit is a specific amount that is subtracted from the accumulated amount of tax paid by a tax payer to the State. The tax credits can be settled in terms of income tax‚ property tax and VAT. It can also be settled for the purpose of recognizing the taxes that are already settled in form of subsidies or are paid for the purpose of encouraging investment in economy
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Abstract A psychological tax treatment goes beyond the traditional deterrence model and explains tax morale as a complicated interaction between taxpayers and the government. As a contractual relationship implies duties and rights for each contract party‚ tax compliance is increased by sticking to the fiscal exchange paradigm between the citizens and the state. Citizens are willing to honestly declare income even if they do not receive a full public good equivalent to tax payments as long as the political
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"Discuss the reforms of Diocletian. What were they‚ why did he think they were necessary‚ what impact long and short range." Be sure to include comments regarding dominate‚ tetrarchy (not year of 4 emperors)‚ edict of Prices (Bailkey Lim) and Xp (Christians). Diocletian affects greatly the modern world. End of antiquity was around 9th century. Diocletian brought an end to the period popularly known to historians as the "Crisis of the Third Century" (235–284). He established an autocratic government
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English 105 3/20/14 Immigration Reform Today our nation is faced with many problems and one that seems to stand out is an immigration reform. Many of those who reside in the U.S may not see it as a big issue‚ but in reality it really is. An immigration reform would not only help our nation’s struggling economy but it will also allow our government to keep better track of its residents given us a sense of higher security. Those who oppose such reform fear it will only serve to decrease job
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