v Statement of Advice As at 14 February 2013 Prepared for Dr Navigate Print What is this document about? This statement of advice documents your current financial circumstances; our recommendations for the future and contains information to help you to make a decision on whether to proceed with our advice. Where information relevant to our advice has been provided to you before‚ or separately with this statement of advice‚ we will make specific reference to
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INTRODUCTION To date‚ zakat is not a new thing in our daily life especially for muslims. Zakat is well known since thousand years back ago from the teaching of prophet Ismail‚ followed by Prophet Ishaaq‚ Yaakob and Isa A.S. as mention in the Quran. Besides that‚ Allah also revealed the obligation of the Jews to pay zakat from Surah al-Baqarah verse 83. Under the reign of Prophet Muhammad S.A.W‚ zakat was become fard to all muslims in the second year after Hijrah. Prophet Muhammad S.A.W had used
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PERSISTENCE AND FIRM VALUE FOR THE PERIOD OF 1999 – 2007 Dwi Martani Universitas Indonesia (martani@ui.ac.id) Debby Fitriasari Universitas Indonesia (dfsari@yahoo.com) Yulianti Universitas Indonesia (yuli.a@ui.ac.id) Field of Research : Taxation Organized by : Department of Accounting FEUI Center For Accounting Development FEUI Post Graduate Program in Accounting FEUI Master in Accounting Program FEUI Profession Education Program in Accounting FEUI The 3rd Accounting & The 2nd
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Luk’s Tax Cheat Sheet Types of Income and Net Income: Segment A: Employment Income‚ Business Income‚ Property Income‚ Other (alimony) Segment B: Taxable capital gains less allowable capital losses either + or zero Segment C: Other deductions ie. RRSP contribution‚ moving expense‚ etc. Segment D: Employment‚ business or property loss; allowable business investment loss Employment Test: Control Test: An employer has the right to tell an employee what to do‚ when‚ and how Ownership of Tools:
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lowers the overall profits which the business receives this will affect them expanding/growing the business even more by maximise profits and having lots of retained profits to help keep the business expanding/growing. Tesco can be affected heavily by taxation from corporate tax‚ environmental tax‚ and even value added tax even though value added tax is put on top of the original price low prices may be compromised by VAT. Depending on how high or low the tax rates have been put the changes can be positive
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General Anti-Avoidance Rules India and International perspective www.deloitte.com/in 2 Contents Executive summary Pre GAAR concept Pre GAAR concept – India experience GAAR concept International experience India Regime Way forward 4 6 8 10 11 17 23 General Anti-Avoidance Rules India and International perspective 3 Executive summary “Tax avoidance like tax evasion‚ seriously undermines the achievements of the public finance objective of collecting revenues in an efficient
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1.0 Introduction Taxation is one source of government revenue‚ there exist two types of taxes which are direct taxes and indirect taxes‚ direct taxes are those taxes that are imposed directly on products or even personal income tax. Indirect taxes are taxes imposed on good and services. When a direct tax is imposed then both the sellers of the products and the buyer faces the burden of tax. The following sources of income are liable to tax: • gains and profits from a trade‚ profession and business
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FI515 Homework#1 Ashley Wright Problems pg 79: 2-6 In its most recent financial statements‚ Newhouse Inc. reported $50 million of net income and $810 million of retained earnings. The previous retained earnings were $780 million. How much in dividends was paid to shareholders during the year? Dividend = $780 million + $50 million - $810 million= $830 million - $810 million= $20 million 2-7 The Talley Corporation had a taxable income of $365‚000 from operations after all operating costs
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Sole Proprietorships comparison: Note: 1 GI‚ Prop G/L‚ Prop Non-Recog‚ Sale and called 702 Income or loss. Recognized even if no cash is distributed. Accordingly‚ generally not (a) BOTH have single taxation; ‘S’ over Prop-(b)Liability shield except for personal profession of Business & Capital assets‚ Entities not taxed on distributions. Compute: Ord Income (including Sec 1245 recap); less: Exclusions; liability;(c) profits allocated to owners
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Union Budget 2013-14 – A Critical Analysis Finance minister‚ P. Chidambaram presented his 8th and India’s 82nd Union budget on 28th February 2013. Key Highlights: * No change in slabs and rate for personal income tax. * Tax credit of Rs 2000 to be provided to every person to having income of up to Rs 5 lakh‚ this will benefit 1.8 crore people. * 5 to 10 per cent surcharge on domestic companies whose taxable income exceeds Rs 10 crore. * Commodities transaction tax levied
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