ABSTRACT Taxation is a dynamic subject which grows with the constant change in the economic environment in which it operates‚ hence the need to review the regulating instruments from time to time. Nigeria is governed by a federal system hence its fiscal operations also adhere to the same principle‚ a fact which has serious implications on how the tax system is managed. The country’s tax system is lopsided‚ and dominated by oil revenue. It is also characterized by unnecessarily complex‚ distortionary
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Philip Broadley‚ Executive Director‚ Prudential plc‚ and John Whiting‚ Tax Partner‚ PricewaterhouseCoopers LLP Chapter 3: Fairness in the taxation of small businesses Professor Francis Chittenden‚ ACCA Professor of Small Business Finance at Manchester Business School‚ and Hilary Foster‚ Visiting Researcher at Manchester Business School Chapter 4: Taxation and local government Chris Wales 10 18 28 42 Chapter 5: Capital‚ wealth and inheritance taxes Dr Irwin Stelzer‚ Senior Fellow
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1930 - tenancy problem‚ SAKDALISTA (Benigno Ramos) 1940 - pedro abad santos ‚ religous and public states 1935 - secuirity of all the people RA No 34 of 1946 - 70 - 30 crops sharing (Manuel Roxas) RA No. 1199‚ Sept. 1954 ‚ Ramon Magsaysay. amended by RA No. 2263 division of crops 1955 - Land Reform enacted RA No. 3844‚ 1963‚ Diosdado Macapagal - Agricultural Land Reform Code. Presidential Decree No. 2‚ September 21‚ 1972‚ Ferdinand Marcos - entire Philippines as land reform area. Presidential
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Incidence of income taxation in Bangladesh Tapan K Sarker1 ABSTRACT: This article reviews the incidence of income taxation in Bangladesh tax system. The main purpose of the study is to determine how the burden of personal and corporation income taxes is allocated among taxpayers of different income groups. In case of personal income taxes it shows that only 13 percent taxpayers paying around 73 percent of tax revenue collected through personal income taxes and interestingly about 53 percent taxpayers
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upstream oil and gas investment climate. Scope - Overview of current fiscal terms governing upstream oil and gas operations in Morocco - Detail on legal framework and governing bodies administering the industry - Levels of upfront payments and taxation applicable to oil and gas production - Information on the tax holiday available to investors in the sector - Assessment of the current fiscal regime’s attractiveness to investors - Outlook on future of fiscal and regulatory terms in Morocco Inquire
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paper the field of public finance was divided into four areas: (1) taxation‚ (2) government expenditures‚ (3) the budget process and (4) public debt. A historical perspective of each of these sub-topics is presented. In addition‚ the various research and policy issues related to each of the said sub-topics are discussed and synthesized. Among others‚ these issues include: (1) the tax effort‚ (2) allocative effects of taxation‚ (3) taxation and inflation‚ (4) fiscal incidence‚ (5) the budget process and
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factor for its development process. It is thus surprising how very small attention is given to one of the most fundamental way that public revenue are raised. Developing countries are typically unable to generate sufficient amount of revenue from taxation because these countries face a number of institutional problems in the process of revenue generation. One of the main problems is corruption in tax administration and tax system reforms (Brondolo‚et al.(2008). The quality of governance as a whole
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and concepts about whole tax payments systems and the role of tax authority in response of problem solving. But it is a matter of regret that majority hold a negative aspects about these. This result actually matches to the current scenario of our taxation. Actually respectful behavior from the tax authority and if meaningful contractual relationship be established then it is expected that the rate of noncompliance and tendency of tax avoidance and evasion will be reduced dramatically.
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the anti-smoking advocates welcomed the administration’s move stating that it would save an estimated 900‚000 lives. However‚ some of the Exhibit I smokers worried about raising cost of their habit Worried Smokers (Exhibit I). This kind of taxation is often called as ‘sin tax’‚ as it was mainly imposed on vices like gambling‚ drinking and smoking. Recent hike in sin tax expected to stop around 2 million kids from trying to smoke for the first time and prompt almost 1 million adults to
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Central Government levies taxes on income (except tax on agricultural income‚ which the State Governments can levy)‚ customs duties‚ central excise and service tax. The Tax Structure in India is quite strong and follows the financial year. The taxation under the tax structure in India is applicable for any kind of income pertaining to a person working as an employee under the public sector units‚ private sector units‚ foreign companies in India‚ Departments of the State Governments of India‚ and
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