Taxation in India The Indian Tax Structure is quite elaborate‚ with clear distinction in authority between Central‚ State and local governments. The taxes levied by the Central government are on income (other than tax on agriculture income which would be levied by the state government)‚ customs duties‚ central excise and service tax. The State government levies Value Added Tax (VAT)‚ sales tax in states where VAT is not applied‚ stamp duty‚ state excise‚ land revenue and tax on professions. Local
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what is perhaps even more remarkable is how receptive the public was to their new philosophies. The philosophies that were developed by these philosophers such as the Social Contract were vastly woven into the constant political revolutions of that time. These revolutions and constant political turmoil had to do in a large part with the immense and growing poor population.
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A key reform promoted by the IMF and World Bank was the restructuring of Uganda’s taxation regime. One of the intentions was to lower the dependence on trade taxes‚ which reduced incentives for production‚ and to rely instead on indirect taxes on goods and services. Indirect taxes provided an average of 79.8 percent of total revenue between 1990-1998. Taxes on income and profits have steadily increased from 9.8 percent of total revenue in 1989 to 15.2 percent in 1998. Yet‚ of total taxes‚ about 50
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Adam Smith’s Four Main Canons of Taxation ↓ A good tax system is one which is designed on the basis of an appropriate set of principles (rules). The tax system should strike a balance between the interest of the taxpayer and that of tax authorities. Adam Smith was the first economist to develop a list of Canons of Taxation. These canons are still regarded as characteristics or features of a good tax system. Adam Smith gave following four important canons of taxation. 1. Canon of Equity The principle
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treaties‚ raise armies‚ and regulate trade with foreign countries. The executive‚ legislative‚ and judicial branches were created. To define individual rights‚ the Bill of Rights‚ the first ten amendments to the Constitution‚ were issued in. The American Revolution resulted in a representative government. The Senate‚ House of Representatives‚ and the Office of the President were made up of elected officials‚ giving the people a way to influence change in government. However‚ a liberal provisional government
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In order for something to be classified as a revolution‚ a complete social‚ political and economic change needs to take place that destroys the foundation of the old control and transforms the society completely. A revolution needs to remove all old control and replace the power to a new social group‚ while still maintaining control over the situation. A rebellion is a violent resistance in order to carry a message to a higher power. A civil war is fought between the citizens of the same country
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colonies. The unfair treatment and the poor representation in British Parliament resulted in the idea of a failed responsibility of the Crown to the people. The ideas and actions rooted in American independence all began with the town of Boston‚ the sharing of ideals and philosophies made possible by the Boston Harbor‚ along with the crucial help of Benjamin Franklin and John Adams. Boston played a crucial and meaningful role in The American Revolution providing the colonists with revolutionary and
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The American‚ Revolution took place in the 1700s‚ The French Revolution was a 1789 battle‚ and The Mexican Revolution occurred in 1910. Each revolution began with the people unhappy with the role the government was playing. Lack of representation‚ prices of food being raised‚ and unfair presidential elections. The people were unhappy with the unfair share of power among small groups of people without a say in how they lived. Laws were made without any warning‚ taxes changed without any type of consent
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1. American revolution caused by refusal to pay taxes impose by British. French revolution caused by food shortage and high taxation on the 3rd estate. Both revolutions‚ the revolutionaries wanted protection of private property and no taxes 2. New liberal movements emerged and nationalism was introduced during radical phase of french revolution. 3. Need for raw materials. Population explosion. Introduction of new technologies. 4. Caused peasant uprisings to decline. Women gained small rights
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taxes and tighter restrictions were being forced upon them by Britain. Thus‚ the American Revolution was quite inevitable due to the economic‚ social‚ and political issues that divided the colonists from Great Britain. Economic issues played a huge rule in pushing the America’s into a revolution. The Stamp Act of 1765‚ for example‚ was a huge contributing factor. Thus act was the first tax levied directly in American colonists by the British government and imposed tax on all paper documents in
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