Tax avoidance exists commonly in many societies and it is well-known that whatever individuals or organizations want to reduce tax payment and gain benefit by tax avoidance. The most common method for them is restructuring arrangements. Therefore‚ Inland Revenue Department (IRD) uses laws and cases to judge whether these arrangements are tax avoidance. In this case‚ tax avoidance is the main problem needs to be discussed. James Smith restructured the practice arrangement‚ which had a high probably
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______________________________________________________________________________________________ 1. Certainty of Intention to Create a Trust Test: In all cases‚ it is a question of proving that the settlor intended to impose a legally binding obligation on the trustee to hold and manage the property on behalf of the B. Equity looks to intent‚ rather than form. This is a question of construction of the relevant documents or of gathering inferences from the words or conduct of the alleged settlor‚ considering
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Consolidated Financial Statements For the year ended June 30‚ 2011 87 Annual Report 2011 88 Pakistan Telecommunication Group Auditors’ Report to the Members on Consolidated Financial Statements We have audited the annexed consolidated financial statements comprising consolidated statement of financial position of Pakistan Telecommunication Company Limited (the Holding Company) and its subsidiary company‚ Pak Telecom Mobile Limited as at June 30‚ 2011 and the related consolidated statement
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duty enforceable by law:"trust" includes every species of express‚ implied‚ or constructive fiduciary ownership:"trustee" includes every person holding‚ expressly‚ by implication‚ or constructively‚ a fiduciary character: Illustrations (a) Z bequeaths land to A‚ "not doubting that he will pay there-out an annuity of Taka 1‚000 to B for his life". A accepts the bequest. A is a trustee‚ within the meaning of this Act‚ for B‚ to the extent of the annuity.(b) A is the legal‚ medical‚ or spiritual adviser
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What are the factors or issues to cause Hanjin bankruptcy? The factors or issues to cause Hanjin bankruptcy included‚ Hanjin been unprofitable for four of the past five years. This may be the main issue to cause Hanjin bankruptcy due to financial cash flow problems. The global economic downturn in recent years severely will affect profits indirectly across the cargo shipping industry. It slows down the global trade and next‚ affects the cargo shipping industry. Fierce competition and falling prices
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Tattered‚ he spoke his copied speech no attention paid to him and as a reward for “speaking” gets a scholarship to a southern colored college. Three years later at the college‚ the Invisible Man gets a job chauffeuring Mr. Norton‚ a white and wealthy trustee to the college around; the Invisible Man took him to True Blood’s (a poor illiterate black man who got his own daughter pregnant)
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An Analysis of the Dick Spencer Case The career of Dick Spencer presented in the assigned case offers several opportunities for the business student to examine principles of management using a realistic example of the modern business environment. This paper undertakes to perform an analysis of Mr. Spencer’s career in order to identify and explore those factors that contributed to his early career success as a sales person as well as those factors that contributed to significant challenges experienced
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THE CORPORATION CODE OF THE PHILIPPINES [Batas Pambansa Blg. 68] TITLE I GENERAL PROVISIONS Definitions and Classifications Section 1. Title of the Code. - This Code shall be known as "The Corporation Code of the Philippines". Sec. 2. Corporation defined. - A corporation is an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence. Sec. 3. Classes of corporations. -
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Mumbai Dabbawalas –the lessons they taught me by Sunil Karve‚ Founder Trustee & Vice Chairman – MET League of Colleges The famous Mumbai Dabbawalas were at the MET League of Colleges a few days ago. They made the same presentation they had delivered at Harvard Business School. At an interesting and interactive session they spoke about the organisational structure‚ working style‚ and delivery systems of their organisation – the Nutan Mumbai Tiffin Box Supplier’s Association – to a packed weekend
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Equity was developed over centuries but initially as a reaction to the “harshness of the common law or lack of developments in common law”. Furthermore‚ the common law system went unchanged for centuries and was a system were petitions were presented to the King for his grace in some complaint where “the usual royal answer was let him sue in common law”. In addition‚ complainants often complained about officials in respect of misconduct and unfairness. During the 14th century petitioning to
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