TAX BRIEF IN THE MINING SECTOR OF GHANA 1.0 Introduction The mining sector is one of the major extractive industries in Ghana. It is estimated that the sector contributes about 41% of total export earnings and 5% of Ghana’s GDP. The sector is dominant with Foreign Direct Investment (“FDI”) with little local participation. 1.1 Legal Framework The Fiscal Regimes that regulate the sector in Ghana are: The Minerals and Mining Act‚ 2006 (Act 703) as amended The Internal Revenue Service Act‚2000
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As Robert Neuwirth‚ who is a former business reporter‚ defines the informal sector or informal economy is that part of an economy that is not taxed‚ monitored by any form of government‚ or included in any gross national product (GNP)‚ unlike the formal economy. Other terms used to refer to the informal sector can include the black market‚ the shadow economy‚ and the underground economy and how he refers it mostly is System D. The original use of the term ‘informal sector’ is attributed to the economic
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Awolowo. Awolowo is his name by birth; He was Nigeria’s foremost federalist‚ in His path to Nigerian freedom. He provided free primary education for people in the western region because he believed education is the key to freedom and He established the first television service in Africa‚ all of this were financed from the highly lucrative Coco industry which was the mainstay of the regional economy. Legacies they say are being left by people of integrity and being passed from generation
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Discuss whether taxation is the most effective solution to the market failures arising from negative externalities. Negative externalities are defined as‚ “[negative] third party effects arising from production and consumption of goods and services which no appropriate compensation is paid.” This means the marginal cost curve only takes into account the private costs and not the external/social costs‚ and so there is an overproduction of the good or service. This misallocation of resources means
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Democratic ideals- Taxation Nozick Because a just government cannot violate the negative rights of its citizens I negate the resolution: in matters of U.S. immigration policy restrictions on the rights of non-citizens are consistent with democratic ideals. Definitions: According to US immigration law‚ immigrants are persons lawfully admitted for permanent residence in the United States. As we are only looking toward those lawfully admitted we must only look legal non-citizens and illegal immigrants
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for a much higher price‚ which leads to their situations being worse than before. All of above are some disadvantages for individuals if the U.S government raises the minimum wage. Raising the minimum wage also has some bad influences to the whole economy. Based on what I learned in microeconomic class‚ a minimum wage is known as the price floor. The price floor will cause an excess supply and fail to
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THE IDEA OF NATURAL RIGHTS; A NIGERIAN EXPERIENCE Being a Paper presented at PHILOSOPHY DEPARTMENTAL SEMINAR SERIES OLABISI ONABANJO UNIVERSITY‚ AGO-IWOYE‚ OGUN STATE ON THE 4TH SEPTEMBER‚ 2006 AT OGD LECTURE THEATER By OMOTOSO‚ SHARON ADETUTU ABSTRACT This paper attempts a philosophical appraisal of the idea of natural rights‚ issues and problems associated with human
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CSEC Economics School Based Assessment An Economic Analysis on the Factors Which Influences Smoking in the Community of Golden Spring‚ St. Andrew Topic: Demerit Good Name of Candidate: Renae Bennett Candidate’s number: Centre number: 100049 School: Holy Childhood High Teacher: Mrs. Henry-Fagan Teritory: Jamaica Year of Examination: May/June 2013 Examination ------------------------------------------------- ------------------------------------------------- Acknowledgement
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CONFIDENTIAL BM/JUN 2012/ECO415 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE COURSE CODE EXAMINATION TIME ECONOMICS EC0415 JUNE 2012 3 HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts PART A (2 Questions) PART B (4 Questions) Answer ALL questions from PART A and three (3) questions from PART B in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator
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TINTED GLASS ON CARS IMPORTED BY NIGERIANS The Police High Command has observed with concern the unnecessary controversies that have trailed the recent IGP’s announcement on the ban on the indiscriminate use of tinted glasses on vehicles plying Nigerian roads. The Force has observed that one of the issues that has generated so much contention and sometimes endless arguments between Police Officers enforcing the ban on the one hand‚ and motorists on the other hand‚ is the contention by some
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