Ordinary income Tennant v Smith‚ (money or convertible into money) An employee was given accommodation rent free by his employer. Was this ordinary income? • The employee could not sublet the accommodation to anyone else‚ therefore could not turn this accommodation into cash. • The Court said it was not ordinary income under s. 25(1) (now s.6-5) since the accommodation was not convertible into money. • Not ordinary income under s.6-5. FCT v Cooke & Sherden. (money or convertible into money) Soft
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Since tax revenue pays for public assistance‚ it is us‚ the taxpayers who are subsidizing these wage earners’ pay. However‚ companies utilize several strategies or policies to cope with the increase in business costs stemming from an increase in minimum wages. The increase in the minimum wage leads to an increase in business costs due to the high labor and production costs. Most companies usually raise the prices of their products or services and reduce the workforce to offset the increase in costs
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years. This can be seen by comparing a 1980s advertisement for Camel cigarettes and
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structured. True False Tax policy rarely plays an important part in presidential campaigns. True False Margaret recently received a parking ticket. This is a common example of a local tax. True False George recently paid $50 to renew his driver’s license. The $50 payment is considered a tax. True False A 1% charge imposed by a local government on football tickets sold is not considered a tax if all proceeds are earmarked to fund local schools. True False One key characteristic of a tax is that it is a required
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Believe it or not the Electronic Cigarette has been around for a long time‚ like since the 1960s. However‚ in 2013 electronic cigarette became a hot item and had many new smokers and regular tobacco users switching to this new way of smoking. This new found technology even has a new term‚ individuals no longer smoke‚ they vape. It seems that the entire world is going “electronic”‚ electronic mail‚ electronic billing‚ Americans even prefer to talk through electronics…so why not smoke electronically
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important component of the financial planning process is tax planning‚ which is the structuring of transactions with the intent reducing tax costs and gaining tax benefits. Strategic tax planning is a common occurrence in the business world because of its ability to help companies maximize their after-tax value. Typically‚ firms use the services of outside specialists‚ also known as tax researchers‚ in tax planning. The role of the tax specialist is to determine the optimal business decisions
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Height Increase Journal TABLE OF CONTENTS Introduction…………………………………………………………………………………………………...2 Scientific Study……………………………………………………………………………………………….3 Chapter 1: Nutrition for Growth……………………………………………………………………………...4 Chapter 2: Improving Posture for More Height…………………………………………………………….11 Chapter 3: Correct Sleeping Habits…………………………………………………………………………13 Chapter 4: Stage I (Preliminary Exercises)…………………………………………………………………15 Chapter 5: Stage II (Regular Exercises)……………………………………………………………………
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Electronic Cigarettes and your Health Michael Frisch COM/156 10/11/2013 Myrene Magabo Electronic Cigarettes and your Health The Creation In a constant upgrading society‚ things continuously get more advanced every day‚ and thus the demand for better quality‚ lower priced merchandise. In the world of tobacco smokers‚ they strive to find healthier more efficient alternatives to get the nicotine they enjoy. In 2003 the first electronic cigarette was created and patented by Hon Lik‚ and introduced
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Industry Analysis Herbal cigarettes provide what consumers may believe to be a safe alternative to typical tobacco products. There are a wide range of consumable ingredients found in these alternative cigarettes such as corn silk‚ mint‚ and cinnamon. Other producers of Herbal Cigarettes manufacture these products with rose petals‚ lemongrass‚ or cloverleaves‚ and the list goes on. First sold in the 1990’s‚ tobacco users looked to herbal cigarette as a new trend that is safer than you average
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Technology Increase of America Shawn Edmonson HIS204: American History Since 1865 Instructor: Aimee Thibodeaux July 30‚ 2012 Communication and travel are two of the leading ways that advanced technology led the end of isolation. Open lines of communication allowed people to be able to keep in touch. From the beginning‚ communication by letter was on the way to end isolation. In America‚ the pony express made this possible. Technology then led from the pony express to the beginning of the
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