Commissioner vs. Pineda‚ 21 SCRA 105 When Atanasio Pineda died‚ his estate was divided among his wife and their 15 children. The eldest among the 15 children‚ Atty. Manuel Pineda had a share of P2‚500 but the BIR found out that the income tax return of the estate for the years 1945‚ 1946‚ 1947 and 1948 was not filed‚ so the collector of Internal Revenue issued an assessment and charged the full amount to the inheritance. The issue here is‚ can the Bureau of Internal Revenue collect the full amount
Premium Tax Taxation in the United States
[2008] NZSC 115; [2009] 2 NZLR 289; (2009) 24 NZTC 23‚ 188 (SC). BNZ Investments Ltd v Commissioner of Inland Revenue (2009) 24 NZTC 23‚582 (HC). Books and Chapters in books Robert Vosslamber New Zealand Taxation 2013 (1thed‚ Brookers Ltd‚ Wellington‚ 2013). [ 4 ]. Robert VosslamberNew Zealand Taxation 2013 (1thed‚ Brookers Ltd‚ Wellington‚ 2013) at [24.8.2].
Free Income tax Tax Taxation
Taxation should be equal According the definition taxes are the sum of money demanded by a government for its support or for specific facilities. The government demands money from everyone not just some one but there are some who don’t seem to go pay the fair amount as everyone else. Taxation has also been a big part with the current recession. Our government is investing in defense‚ using out money when more should go into social programs. Cuts have been made in different programs because of
Premium Tax United States Corporate tax
Taxation of U.S. Non-Resident Aliens and Foreign Corporations Baker College of Muskegon Elizabeth Lamas Taxation of U.S. Non Resident Aliens and Foreign Corporations Throughout this quarter we have learned how different entities are taxed‚ but we have not learned how foreign corporations and nonresident aliens are taxed. The purpose of this research paper is to discuss the basic concepts of how these two entities are taxed in the United States. A foreign corporation is any corporation that
Premium Taxation in the United States Tax
PAPER F6 TAXATION (UK) P R A C T I C E & R E V I S I O N K I T FA 2012 BPP Learning Media is the sole ACCA Platinum Approved Learning Partner – content for the ACCA qualification. In this‚ the only Paper F6 Practice and Revision Kit to be reviewed by the examiner: We discuss the best strategies for revising and taking your ACCA exams We show you how to be well prepared for your exam We give you lots of great guidance on tackling questions We show you how you can build your own
Premium Tax Value added tax Taxation
Question 1. One of the important concepts in Canadian taxation is integration. Discuss the mechanisms built into the Canadian tax system for Canadian controlled private corporations to allow for integration. In your discussion‚ include the taxes put into the system to prevent deferral‚ the dividend gross-up and dividend tax credit prior to 2014 and for tax years after 2013. Discuss both investment income and business income. Question 2. Memo To: Staff Accountant From: Manager
Premium Corporation Corporate finance Taxation
I. Background of the case Marie Luna is a human resource management major who graduated from the University if the Philippines in Iloilo City. She decided that she would really like to work in the business and see if she could learn the business and contribute to its success. Her Family owns Dependable cleaners (DC)‚ a laundry/ dry cleaning business. It provides laundry and dry cleaning services not only to residents and restaurant in the areas but to most of the casinos in
Premium Human resource management Management Human resources
LWB364 INTRODUCTION TO TAXATION LAW SEMESTER 1‚ 2011 LINA TERRESA BUI 1 Lina Terresa Bui RESIDENCE 2 Lina Terresa Bui STATE THE ISSUE The issue which arises on the facts is whether the [taxpayer] is a resident for tax purposes. BACKGROUND The general jurisdictional rules provide: Residents are assessed on their ordinary income and statutory income from all sources (ss 6-5(2)‚ 6-10(4) ITAA97) Foreign residents are assessed on their ordinary income and statutory income from
Premium Income tax Income Progressive tax
NOTES IN TAXATION Taxation- process or means by which the sovereign‚ through its lawmaking body‚ raises income to defray necessary expenses of the government; power of the State‚ inherent in sovereignty -indispensable and inevitable price for civilized society‚ without taxes‚ government would be paralyzed. Taxes- lifeblood of the government and their prompt and certain availability are an imperious need. Objectives of Taxation: Shifting wealth from the rich to the poor Maintaining
Premium Tax Taxation in the United States
HISTORY OF FISCAL ADMINISTRATION AND THE THEORY AND PURPOSE OF TAXATION Introduction Fiscal Administration is not difficult to define. In simple terms‚ fiscal administration is the branch of economics that deals with the revenues and expenditures and their impact on the economy. It is the manner of collecting something from the constituents and spending it also for the constituents. And the exact definition according to http://www.wisegeek.com/what-is-fiscal-administration.htm‚ fiscal administration
Premium Tax Public finance