China Taxation: Interpretation An Approach to Chapter 1An Overview of Taxation INTRODUCTION The People’s Republic of China has established what is perhaps the most sophisticated and complex taxation system in the world today. This system of taxation has an impact on almost every business and investment decision. Decisions a business enterprise must make‚ such as the form it will take (i.e.‚ sole proprietorship‚ partnership‚ or company)‚ the scope and nature of its operations‚ and the
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important function of bringing together deficit and surplus units of an economy. The lack of this function renders the capital market useless as the opportunity for investment and production of goods and services for development is eliminated. This creates a gap where surplus units have idle funds and the deficit units are in search of funds for investment. The capital market thus provides services that are essential to a modern economy‚ mainly by contributing to capital formation through financial intermediation
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YOUTH MIGRATION: THE NIGERIAN EXPERIENCE Nigeria‚ one of the less developed countries of the world and the purported giant of Africa‚ is no doubt having enormous challenges becoming a developed country. It is faced with the problem of bad roads‚ which is the major cause of death in the country. It is not going anywhere with the various self-centered policies made by the legislators. Religious and ethnic crises have plagued the country worse than the historic religious times of Egypt. Our educational
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COMPREHENSIVE VOLUME--CHAPTER 7--DEDUCTIONS AND LOSSES: CERTAIN BUSINESS EXPENSES AND LOSSES Student: ___________________________________________________________________________ 1. James is in the business of debt collection. He purchased a $20‚000 account receivable from Green Corporation for $15‚000. During the year‚ James collected $17‚000 in final settlement of the account. James can take a $2‚000 bad debt deduction in the current year. True False 2. If a business debt previously
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PROJECT PROPOSAL The research investigation will be focused on the use of cost-volume-profit analysis as a management tool for decision making using Nigerian Breweries Plc as a case study. Cost-Volume-Profit (CVP) analysis narrowly called break-even analysis‚ is the application of marginal costing and seeks to study the relationship between costs‚ volume and profits at differing activity levels and can be a useful guide for short-term planning and decision making. There are
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executive branch. In order to fix the problems under the Articles‚ specifically the dilemma regarding representation‚ taxation‚ and slavery issue within the states‚ the Constitutional Convention took place. These disputes did not only create a problem but they also caused a division between the states. The colonists did not know how great and substantial the issue with representation‚ taxation‚ and slavery would affect them‚ but as they came together and attempted to resolve the problem‚ they brought forth
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Business Taxation Agriculture Income Sec 2 (1A) of income tax 1961 act agriculture income means 1) Any rent or revenue derived from the land which is situated in India and used for agriculture activities. 2) Any income derived from such land by the agriculture person or by the process employed to make agriculture produce which can be fit for sale in the market. 3) Or any other income derived from any building provided that the: a) Building is on or on the immediate next to the
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CHAPTER THREE THE THREE ERAS OF TAXATION IN NIGERIA General Historical Overview of Taxation Taxes are as old as the history of organised human society. During the reign of the Pharaohs in Egypt tax collectors were called scribes and taxes were collected on various items including cooking oil.1 In the ancient Greek city of Athens‚ taxes were especially important in times of war. The tax imposed during times of war was known as eisphora and no one was exempted from this tax. After the war
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Agricultural Sector of Indonesia And Its Role on Economy With its vast and abundant fertile soils Indonesia is a major global key producer of a wide variety of agricultural tropical products‚ and although agriculture’s share of the country’s gross domestic product (GDP) has declined markedly during the last five decades‚ it still provides income for the majority of Indonesian households today. In 2012 this sector employed around 49 million Indonesian individuals‚ which represents 41 percent of the
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NIGERIAN WOMAN IN NATION BUILDING INTRODUCTION: Most times‚ the Nigerian woman is denied her right to womanhood and her dignity but nature made it that a woman holds the highest office in the nature and nurture of man though this is often negated by those men who think women are subservience to them. Women‚ just like men are created by God in His own image and likeness. That is to say‚ that they too are endowed with wisdom and knowledge‚ which men claim to be exclusively theirs. It is for this
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