Meaning: - The Goods and Services Tax (GST) is a comprehensive value added tax (VAT) on the supply of goods or services. France was the first country to introduce this value added tax system in 1954 devised by a public servant. In India‚ due to non consensus between central and state government‚ the proposal is to introduce a Dual GST regime i.e. Central and State GST. Dual GST: - Many countries in the world have a single unified GST system i.e. a single tax applicable throughout the country. However
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India‚ Wealth Tax Act‚ 1957 was enacted. The Act was amended from time to time. The major objective of wealth tax has been attainment of equity objective of tax policy because wealth is considered as the major source of inequalities. The wealth taxation in India is applicable to all citizens of the country and is also called the wealth tax act‚ 1957. This is also considered to be direct taxes of the country. It is paid on the benefits of property ownership and the person who owns the property has
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Bibliography: 1. Kitillya H.M (2011). Tax Administration Reforms In Tanzania – Experience And Challenges. 2. Mushi. D. & Semboja. J (2001). The evolution of tax systems in Namibia‚ Tanzania and Uganda ’ 3. World Bank (2006). ‘Local Government Taxation Reform in Tanzania: A Poverty and Social Impact Analysis (PSIS)’ (Report No.34900-Tz) 4. Fjeldstad O.H and Semboja J. (2001). ‘Why people pays taxes. The case of the development levy in Tanzania. World Development’ 29(12): 2059-2074 5. Abdul-Jabbar
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Causes for Generation of Black Money There are several factors responsible for the emergence – of black money. It would be relevant to discuss those factors so that a correct understanding about the genesis‚ growth and expansion of black money can be made. The principal factors are: (i) Beginning of the evil: The beginning of this evil can be traced to the Second World War. During this period supplies of industrial goods from the traditional suppliers of the West were cut off. This resulted in
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CHAPTER 4. MOBILIZING DOMESTIC REVENUES 4.1 As seen in Chapter 3‚ sustained rapid growth of domestic revenue is a central element of Afghanistan’s state-building and reconstruction agenda. International experience suggests that the larger the tax gap (the difference between the taxes actually paid and what should be paid according to existing laws and statutes)‚ the more radical are the changes needed. With a tax gap on the order of 60%‚ Afghanistan needs to adopt a comprehensive strategy including
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Please cite this paper as: Johansson‚ Å. et al. (2008)‚ “Taxation and Economic Growth”‚ OECD Economics Department Working Papers‚ No. 620‚ OECD Publishing. http://dx.doi.org/10.1787/241216205486 OECD Economics Department Working Papers No. 620 Taxation and Economic Growth Åsa Johansson‚ Chistopher Heady‚ Jens Arnold‚ Bert Brys‚ Laura Vartia JEL Classification: C33‚ H23‚ H24‚ H25‚ O40‚ O43 Unclassified ECO/WKP(2008)28 Organisation de Coopération et de Développement Économiques
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K. F. (2010). Malaysian Taxation (16 ed.). Kuala Lumpur‚ Malaysia: InfoWorld. Flynn‚ M. (1990). Distinguising between Income and Capital Receipts - A Search for Principle. Journal of Austrlian Taxation ‚ 17. Mahalingham‚ S. (2005). Compensation for early contract terminations. Tax Adviser ‚ 18. [ 4 ]. Enacted from article Contemporary Issues on Income Tax and Real Property Gains Tax by Chong‚ K. F. (2006). [ 7 ]. Enacted from Chapter 1 - Scope of Charge‚ Malaysia Taxation‚ 16th edition(2010)
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UNIVERSITY OF CAPE COAST SCHOOL OF BUSINESS DEVELOPING AN EFFECTIVE AND EFFICIENT TAX SYSTEM IN A DEVELOPING ECONOMY - A CASE STUDY OF GHANA A PROJECT WORK PRESENTED TO THE DEPARTMENT OF ACCOUNTING AND FINANCE‚ SCHOOL OF BUSINESS‚ UNIVERSITY OF CAPE COAST IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR AWARD OF A BACHELOR OF COMMERCE DEGREE. JUNE 2005 MEMBERS OF THE PROJECT TEAM NAME SIGNATURE NUMBER
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Schmidt‚ Robert‚ Charles F. Barr and David A. Swanson. "Socioeconomic Impacts of the Proposed Federal Gaming Tax." International Journal of Public Administration 20.8-9 (1997): 1675-1698. Viscusi‚ W. Kip. "Promoting Smokers ’ Welfare With Responsible Taxation." National Tax Journal 47.3 (1994): 547-558.
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August 3‚ 2013 Merger & Acquisition Issues & Developments WIRC OF ICAI – AHMEDABAD BRANCH Speaker: Ravi Mehta‚ Partner – Transaction Tax‚ Ernst & Young LLP ► Modes of M&A in India & its key drivers ► Basic M&A Concepts and some of their Tax & Agenda Regulatory aspects ► Certain tax developments esp impacting cross-border M&A ► Page 2 Case - Studies Overview - Modes of M&A in India M&A Internal Restructuring Acquisitions Business Purchase
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