Definition of Tax ; The word ‘tax’ has been derived from the French word ‘taxe’ and the Latin word ‘taxare’ which means ‘to charge’. Tax is a contribution exacted by the state. It is a non-penal but compulsory and unrequited transfer of resources from the private to the public sector‚ levied on the basis of predetermined criteria. According to P. E. Taylor‚ “ Taxes are compulsory payment to government without expectation of direct return in benefit to the taxpayer. According to
Free Tax Taxation Progressive tax
Chapter 6 Tax matters 1、 Why have tax? The Collins Concise English Dictionary (1992. P 1383) defines the word “tax” as: “a compulsory financial contribution imposed by a government to raise revenue‚ levied on income or property‚ on the prices of goods and services‚ etc. and to levy a tax on (persons‚ companies‚ etc.)” (Clinton Alley‚ 2008). there are several reasons can explain the existence of tax: The main function of taxation is the fiscal one. It is through fiscality that taxes play their
Free Tax
A Balanced Ecosystem - An Aquarium The term ecosystem describes both the living and non-living components of an area that interact with one another. All the components are inter-dependant in some way with each other. An ecosystem may be aquatic or terrestrial. In an aquatic ecosystem rocks are needed for shelter and plants provide oxygen for fish. An ecosystem is balanced when the natural animals and plants and non-living components are in harmony- i.e. there is nothing to disturb the balance.
Premium Natural environment Biodiversity Ecosystem
) “A Balanced Scorecard system provides a basis for executing a good strategy well and managing change successfully.” Demonstrate the validity of this statement by selecting an organization of your own choice and showing how strategies can be transformed into objectives‚ measures‚ targets and initiatives. You should cover all four aspects of the balanced scorecard. [20 marks] (b) Describe how one can use Lewin’s three step process to manage change [5marks] The ‘Balanced
Premium Management Strategic management Organization
Thomas Money Service Incorporated Business Analysis Leslie (Scott) McCrory ECO/561 Economics March 14‚ 2011 Facilitator David Francom Thomas Money Service Incorporated Business Analysis Executive Summary Thomas Money Service Incorporated is a consumer finance company‚ and conducted business successfully for 71 years. The organizations primary financing services pertained to commercial real estate and business loans. In 1946‚ the company decided to incorporate a subsidiary business to manufacture
Premium Economics Microeconomics Marginal cost
The Balanced Scorecard | Tesco PLC | By manish abraham | This essay presents an analysis of the way in which Tesco implement the balanced scorecard. The strengths and hindrances associated with this approach have also been outlined with respect to this particular case study. The 4 perspectives of the balanced scorecard are examined in detail‚ the conclusions of which are later divulged. | | | | Table of Contents Introduction – Balance Scorecard page 4 Introduction – Tesco
Premium Management Generally Accepted Accounting Principles Statistics
Justin Norman ECON 201: Short Paper 12/05/2012 Tax Reform There is effect when you talk about taxing a country as a whole and founding out that it actually helps or sometimes the functionality of the country to reform taxes as they weather away as time goes on. It was the unfair and demanding taxes the British put on the colonies in the 1700‚ as the American colonies were finding their identity and still under British rule‚ in which it lead to a Revolution. Nowadays‚ there is simply
Premium Tax Income tax Progressive tax
- Brandscore Card - Introduction The brandscore card is an essential element used to evaluate the overall equity of a brand. The scorecard is an effective way to asses the unmet needs of the brands customers‚ it enables the brand to stay relevant and effective in the marketplace in a methodological manner. The scorecard should be able to fill any gaps that have developed within the brand’s approach to management and its strategic direction‚ as well as developing and maintaining a functional management
Premium Brand Brand management IKEA
BALANCED RING MODULATOR Nur Amirah binti Kamaruzaman#1‚ Nurasmira Wanie binti Abd Wahab#2‚ Nurul Liana binti Mansor#3‚ Bachelor of Electronic Engineering and Computer Engineering (BENE) 1B021110140 2B021110237 3B021110216 Abstract— balanced ring modulator is a type of modulator that the diodes are arranged like a ring. In balanced ring modulator‚ there are also transformers and the carrier. This type of modulator is like bridge modulator. However‚ the arrangement of the diodes are different from
Premium Modulation Phase Digital signal processing
The goal for this experiment is to determine which out of the four balanced chemical equations best represent the thermal decomposition of sodium bicarbonate. The guiding question will be answered with the outcome of the sodium bicarbonates thermal decomposition and it being plugged in into the four balanced chemical equations. John Dalton atomic theory explains two fundamental laws of chemistry which are the law of conservation of mass and the law of definite proportions. The atomic theory states
Premium Chemistry Chemical reaction Chlorine