2. Why is there little tax evasion in Singapore or any other country of your choice? Is it because Singaporeans fear state punishment or because they are satisfied with the performance of the state? Or is there any other explanation? Which explanation(s) do you find most persuasive? Why? Tax evasion‚ the illegal negligence in taxpaying and misrepresentation of tax returns to reduce one’s tax liabilities‚ is at a low level in Singapore. With Singapore’s strong tax enforcement‚ Singaporeans fear
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WHAT IS TAX PLANNING ? Tax planning is an essential part of your financial planning. Efficient tax planning enables you to reduce your tax liability to the minimum. This is done by legitimately taking advantage of all tax exemptions‚ deductions rebates and allowances while ensuring that your investments are in line with your long term goals. Tax-planning amounts to making investments or contributions in line with prescribed guidelines that lead to reduction in tax liability. Simply put‚ the tax liability
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Carbon tax is an environmental tax levied on the carbon content of fuels. It is a form of carbon pricing. Carbon is present in every hydrocarbon fuel ‚ such as coal‚ petroleum‚ and natural gas. It is then released as carbon dioxide (CO2) when they are burnt. In contrast‚ non-combustion energy sources—wind‚sunlight‚ hydropower‚ and nuclear—do not convert hydrocarbons to CO2. CO2 is a heat-trapping "greenhouse" gas. Scientists have debated and discussed the potential effects on the climate system of
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sparked debate about the merit of an explicit ‘fat tax’‚ aimed at either taxing foods according to their fat content or‚ more practically‚ taxing certain foods with a high fat content. Discuss the implications and effectiveness of a fat tax for reducing the consumption of high-fat foods? There are many implications and effectiveness of a fat tax an example of this is the ‘fat tax’ has now been enforced by some airlines (such as Samoa Air). ‘Fat tax’ is a dynamic efficiency as it is a new innovation
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Station Cigarette‚ 1936 Lawrence Beall Smith uses a subdued color scheme‚ shape‚ and line to capture the energy of the young mans as they take a cigarette break. The brown skin Man on the left is seated to where his leg is prop on the dull green wagon while to other leg is rested on the concrete floor. His narrow head is propped up against his fist; his other hand rested below his side and is not visible. He is wearing a dingy white long sleeve dress shirt‚ black dress pant‚ white sock and black
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IMPACT OF TAX REFORMS SINCE 1991 Tax reform since 1991 was initiated as a part of the structural reform process‚ following the economic crisis of 1991. Direct Tax Reforms: 1. As per the recommendations of the TRC the personal tax brackets were only three‚ of 20‚ 30‚ and 40% starting in 1992–93. Financial assets were excluded from the wealth tax‚ and the maximum marginal rate was reduced to 1%. 2. Further reductions came in 1997–98‚ when the three rates were brought down further to 10‚ 20‚
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the alcopops tax is to correct for the negative externalities which abusers of alcopops impose on society. Using diagram(s) discuss how a tax on alcopops can correct for negative externalities associated with excessive consumption of alcopops. In a publication by University of Southern Queensland (2008)‚ it defines that ‘excise taxes are taxes imposed on sellers of certain goods and services‚ and they are usually substantially higher tan sales tax on regular goods’. Moreover‚ ‘tax incidence is
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half a million deaths in the United States each year. Unlike traditional cigarettes‚ electronic cigarettes are battery powered cigarettes that vaporize nicotine without the threat of cancer. While some doctors feel that electronic cigarettes are beneficial to smokers‚ experts fear they will replace traditional cigarettes and that they will become highly addictive among young people. Although the use of Electronic cigarettes has been debated by many countries to prohibit the utilization of these harmful
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Electronic cigarettes are on the rise‚ and since their introduction to America in 2006‚ they have had overwhelming acceptance coupled with overwhelming questioning. Many questions focus on whether or not electronic cigarettes are actually healthier for the consumer‚ and what makes electronic cigarettes function. Are Electronic Cigarettes Better for Your Health? While many people have switched to electronic cigarettes to avoid the well-known harmful effects of tobacco and tobacco smoke‚ others are
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Throughout my life‚ my culture has affected who I am. I am a first-generation Guyanese-Jamaican-American. As a result‚ I have been exposed to different cultural food‚ dances‚ clothes‚ and music‚ arts‚ and beliefs. My various backgrounds influence how I learn‚ live life‚ and behave in specific situations. My culture views education as one of the most important things in life. This belief has instilled the desire to work hard at the University of Central Florida and make my family proud of my accomplishments
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