considered the cash flow implications of the purchase in terms of present value of the investment and estimated resulting savings‚ as well as possible alternatives to purchase‚ and the current political climate as it affects the business issues of taxation and energy policy. Following this review‚ it is my recommendation that we enter into a contract for the purchase of the equipment in question before the end of the year for the following reasons. Currently‚ our tax rate is not particularly favorable
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‘Macro-Economic Analysis for Rural Society’ Assignment on: PROBLEMS AND PROSPECTS OF DIRECT TAXATION IN INDIA By Manu Bansal (U311024) PGDM-RM-I-2011 Submitted to Prof.Sureswari Prasad Das Xavier Institute of Management‚ Bhubaneswar INRODUCTION TO DIRECT TAXATION:- ------------------------------------------------- General meaning In the general sense‚ a direct tax is one paid directly to the government by the persons (juristic or natural) on whom it is imposed (often accompanied
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income-tax. 2. Tax Law : The tax law of a nation is usually unique to it‚ although there may be similarities and common features in the laws of various countries. Tax law is‚in general‚ concerned only with the legal aspects of taxation‚ and not with its financial‚ economic‚ or other aspects. The decisions to impose various
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Essay on the topic: Sorces of tax law of the Russian Federation and the Republic of Moldova Sources (forms) of the tax law - are formally defined as external forms‚ which contain rules governing the relations arising in the process of taxation. The sources of tax law are generally accepted to consist of different normative legal acts containing the relevant rules of law. The sources of the tax law is the law of the Russian Federation are the laws on taxes and fees‚ the laws of subjects of the
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How To Make The Property Tax More Acceptable? – Analyze Critically Abstract Property tax‚ a part of total taxation system has been developed to play role in financing municipal services. Over the two decades there has been an unprecedented move toward decentralized governance all over the world and Bangladesh is not exception to it. This change has taken a special significance in many developing and transitional countries where centralized systems were perceived to have failed to
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House of Commons Treasury Committee Principles of tax policy Eighth Report of Session 2010–11 Volume I: Report‚ together with formal minutes‚ oral and written evidence Additional written evidence is contained in Volume II‚ available on the Committee website at www.parliament.uk/treascom Ordered by the House of Commons to be printed 9 March 2011 HC 753 Published on 15 March 2011 by authority of the House of Commons London: The Stationery Office Limited £13.50 The Treasury Committee
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1. Introduction of GST Goods and service tax were first deliberated in 2005 with the intention to introducing it in 1st January 2007. However‚ it was withdrawn in the following year. In 2009‚ GST was revived with a proposed rate of 4% to replace current Sales Tax of 10% and Service Tax of 5% in a bid to diversify national revenues. However‚ the idea of GST still end up floating around as it has now been officially deferred. 2. Concept of GST Goods and Service Tax (GST)‚ also known as Value Added
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The Laffer curve‚ named after the economist Arthur Laffer‚ is a curve that demonstrates the trade-off between tax-rates and tax-revenues (Wanniski 1978). It is used to illustrate the concept of taxable income elasticity‚ the idea that a government can maximise the revenue by setting the tax rates at an optimum point. This curve can be traced back as far as 1844 to a French economist Jules Dupit who in 1844 found similar effects as Laffer did (Laffer 2004). Dupit also saw tax revenues rising from
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com/Article/2921577/Indias-infant-environmental-taxes-slowly-growing.html Ocran‚ N. ( 2012). Finance and Sustainable Development. In N. Ocran‚ Issues in Development Finance (pp. 48-51). Africa Growth Institute. Organisation for Economic Co-operation and Development. (2011). Environmental Taxation: A Guide for Policy Makers. Retrieved from OECD: http://www.oecd.org/env/tools-evaluation/48164926.pdf Srivastava‚ D.‚ & Bhujanga Rao‚ C. (2010). Reforming Indirect Taxes in India: Role of Environmental Taxes. East Asian Bureau of Economic Research
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Government body….It is an enforced contribution of money enacted pursuant to legislative authority….Analyze the importance and the problems of TAXATION and the way forward in Nigeria………….’ INTRODUCTION Income taxes provide the largest single source of government revenues in most developed countries or developing countries for example Nigeria. Indeed‚ Taxation is one of the most vital elements or sources of income imposed on both individuals and corporations by the government in order to enable
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