country‚ because the price of cigarettes is very cheap and it is always available in the market. As an answer to the problem‚ the Philippine government pass a law called the “Sin Tax Bill”. The President said that this law was signed because they thought it serves as an early “Christmas gift” to millions of Filipino’s who will be discouraged from smoking and drinking. But is the Sin Tax Bill on tobacco will be beneficial or unprofitable? Sin Tax Bill aims to lower the number
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1. Poor people are far more likely than rich people to break the law. A. False B. I believe this statement is false because a social status does not define an individual’s character. Society has cast a negative light on the poor when it comes to crime. They determine that because someone is poor it gives them a greater chance of breaking the law. Breaking the law is not an issue of rich versus poor; it is an understanding between right and wrong. 2. It makes sense to choose a college major in
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always fascinating to get income tax refund faster but it all depends on the method you prefer to get your IRS refund. Suppose the tax you owe is something less than the sum of the total amount of refundable tax credits claimed and the total amount of withholding paid‚ then you are more likely to avail the benefits of getting federal income tax refund.Some taxpayers prefer to obtain federal tax refund through Earned Income credit which is a real refund of overpayment of tax or through previous year’s overpayment
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taxation in Bangladesh Tapan K Sarker1 ABSTRACT: This article reviews the incidence of income taxation in Bangladesh tax system. The main purpose of the study is to determine how the burden of personal and corporation income taxes is allocated among taxpayers of different income groups. In case of personal income taxes it shows that only 13 percent taxpayers paying around 73 percent of tax revenue collected through personal income taxes and interestingly about 53 percent taxpayers pay only 0.08 percent
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Summary: Cigarette smoking is a leading cause of death and disability worldwide.(1) Most smokers have tried quitting throughout their life‚(2) but often fail because cigarettes contain a highly addictive substance – nicotine. Nicotine replacement therapies (NRTs)‚ such as nicotine patches‚ are the most successful quitting method‚ yet fewer than 20% of quitters are successful.(3) Electronic cigarettes (e-cigarettes) may improve this success rate because they tackle addiction as well as associated
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Definition of Tax ; The word ‘tax’ has been derived from the French word ‘taxe’ and the Latin word ‘taxare’ which means ‘to charge’. Tax is a contribution exacted by the state. It is a non-penal but compulsory and unrequited transfer of resources from the private to the public sector‚ levied on the basis of predetermined criteria. According to P. E. Taylor‚ “ Taxes are compulsory payment to government without expectation of direct return in benefit to the taxpayer. According to
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friend and family approval of e-cigarettes may boost use among teens (author: James McIntosh) The article explains how the use of e-cigarettes by adolescents/high school students is increasing because of family and friend approval. Diagram 1 shows negative externalities of consumption E-cigarettes are a demerit good (goods that will be over-provided by the market and‚ because of this‚ they will be over consumed and that the government thinks are bad both for people who consume them and for society
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Tax Credits [Name of the Writer] [Name of the Institution] Tax Credits Purpose of Tax Credits A Tax Credit is a specific amount that is subtracted from the accumulated amount of tax paid by a tax payer to the State. The tax credits can be settled in terms of income tax‚ property tax and VAT. It can also be settled for the purpose of recognizing the taxes that are already settled in form of subsidies or are paid for the purpose of encouraging investment in economy
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Bad breath‚ yellow teeth‚ a chronic cough--these are some of the disgusting results of smoking cigarettes. Why do people continue to smoke when the effects are so harmful? The typical response from smokers to this question is that they smoke to relax and help relieve stress. Unfortunately‚ the quick fix are an addictive narcotic. Smoking feeds the addiction‚ but it also feeds the body with about 40 cancer-causing chemicals as well as almost 4‚000 other chemicals.[5] When a smoker comes to the conclusion
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rules. Nowadays‚ nevertheless‚ the payment of zakat has become issue to the payers. Basically‚ the payers in Malaysia have an obligation to pay zakat as well as income tax. Although the zakat payers may receive deduction of tax payment due to zakat amount‚ there are some thought that their obligation to pay is on income tax while zakat in only a voluntary form to the individual. As a result‚ some of them refuse to pay zakat regardless of their religion rules. In a nutshell‚ the issue would rise
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