Balanced Score Card Week 4 A balanced scorecard is a critical foundation in guiding organizations strategic plan‚ it also provides a road-map for the completion of objectives. These objectives link the company ’s long-term goals originating from the company ’s vision‚ mission‚ and values. In developing the balanced scorecard for Cloward Cuts (CC) the following strategic objectives were set up as road-map for the company to use. Taken into consideration were the financial‚ customer value‚ processes
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IMPACT OF TAX REFORMS SINCE 1991 Tax reform since 1991 was initiated as a part of the structural reform process‚ following the economic crisis of 1991. Direct Tax Reforms: 1. As per the recommendations of the TRC the personal tax brackets were only three‚ of 20‚ 30‚ and 40% starting in 1992–93. Financial assets were excluded from the wealth tax‚ and the maximum marginal rate was reduced to 1%. 2. Further reductions came in 1997–98‚ when the three rates were brought down further to 10‚ 20‚
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dinner? No An allowance paid for your car. Yes. The payment of the motor vehicle allowance – this allowance is generally made to cover the expected deductible costs associated with the business usage of the employees vehicle. This allowance is effectively assessable income to the employee in their tax return. (sec.15-2) Task 2: Mike’s taxable income for the year ended 30 June 2012 Taxable Income = (Assessable Income – Deductions) Assessable Income § Wages RMIT under sec.6-5 ITAA
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(expenditure) to buy goods and services. They are paid partly by consumers‚ but are paid to the government by producers. It is placed upon the selling price of a product‚ so it increases the firm’s cost of production and shift the supply curve for the product vertically upwards by the amount of the tax. There are two types of indirect taxes: 1) a specific tax : this is a fixed amount of tax per unit imposed upon a product and 2) an ad valorem tax: this is where the tax is a percentage of the selling
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The goal of report is going to analysis the facts and use appropriate information to conclude whether there has been a tax avoidance arrangement‚ and also to outline the effect on a taxpayer if the tax avoidance arrangement exists. In order to meet the goal‚ this report followed steps from Draft Interpretations Statement to prove my opinions. Law: BG 1‚ YA 1‚ GA 1 of Income tax 2007‚ Penny and Hooper v Commissioner of Inland Revenue (2011) 3 NZTR 21-014. Ben Nevis Forestry Ventures Ltd & Ors
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Department of Business Law and Taxation BTC3150 Taxation Law Semester One 2011 Case Study / Assignment 1. IMPORTANT PRELIMINARY INFORMATION This section must be read in conjunction with the case study / assignment assessment details in the Unit Guide. Detailed below is a summary of selected key points. Assessment This assignment must be completed on an individual basis‚ or alternatively in a group of up to three students. Your (or your group’s) submission will be marked out of
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fair tax: towards a modern tax system The Smith Institute The Smith Institute is an independent think tank that has been set up to look at issues which flow from the changing relationship between social values and economic imperatives. If you would like to know more about the Smith Institute please write to: Telephone +44 (0)20 7823 4240 Fax +44 (0)20 7823 4823 Email info@smith-institute.org.uk Website www.smith-institute.org.uk fair tax: towards a modern tax system The Director
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Levy for public purpose. To levy a tax means to impose or to charge or to collect a tax from those to whom it is addressed. Technically however‚ to levy is to pass on laws or ordinances imposing a tax or duty upon specific group of taxpayers. Under this concept‚ the impelling reason for the imposition of the tax must be the welfare of the public‚ in general. This follows that the proceeds from such imposition shall inure to the benefit of the public. In one case‚ a certain imposition was successfully
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The balanced score card is a management system that is designed to change a businesses mission‚ vision and whole strategy in order to complete the goals and ideas of the business successfully. Accountability and Communication are the main components of the score card approach. The management team needs to be able to create goals that each employee responsible for a section are able to achieve and understand the given task completely. The higher management should have the completed management plan
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the topic of tax fraud. We will begin by introducing the basic concepts of tax fraud. Secondly‚ this paper will also delve into some of the laws that have been passed as punishment for those parties that decide to commit tax fraud. We will also highlight some of the more current examples of tax fraud that have been committed and the details that lead to the perpetrators being caught. Lastly we will discuss the role that criminal investigators have in the realm of tax fraud. Tax fraud can be
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