Taxation Essay Examples

Essays on Taxation

Crypt Currency Taxation System
Words • 2475
Pages • 10
Abstract Crypt- currency taxation system is a system meant to help the IRS in Financial transaction in an online platform has taken a new direction since the introduction of the crypto currency. Traders and cartels have found a new way of transforming financial assets using strong cryptography to control subtraction and addition of units in asset transfer. This anonymous way does not leave behind prove of ownership and record references hence it is impractical to trace. Therefore it is very…...
Tax Deducted at Source
Words • 1821
Pages • 8
Introduction A variety of mechanisms are used to collect taxes by the Government of India through the Income-tax Act, 1961. One of the processes is tax deducted and collected at source. This method is used in many countries including the United States of America, where the person giving income requires deducting of income tax at source (TDS) from the income of the receiver of the income. Tax Deducted at Source (TDS) is one of the modes of collecting Income-tax from…...
Easy Means to Sort Out Short Term Fiscal Worries
Words • 375
Pages • 2
Are you in need of quick cash assistance before your next payday? Are you struggling with shortage of finance problem? Do you have to deal with unexpected financial emergencies that has take place in your life without giving any prior notice? Don’t be disheartened! You can easily get over with fiscal crunch situation in an efficient manner by simply applying for no fax payday loans. These loans offer quick money to salaried class indivloaniduals so that they can fulfill the…...
BankingFinanceLoanMoneyStudent Loan DebtTaxation
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Introduction to Taxation
Words • 1694
Pages • 7
INTRODUCTION TO TAXATION Unlike most transfers, which are voluntary, taxation is compulsory. That’s needed because of free-rider problem (no one will have injective to contribute) Modern taxes are monetized (individuals provide just money) Tariffs are taxes imposed on imported goods. Tariffs protect domestic producers. Taxes can be divided to: • direct • indirect Direct taxes are individual income tax, payroll tax (used to finance social) security, corporation income tax (tax on net profit of corporations), tax on property.Indirect taxes are…...
Income tax
Words • 76
Pages • 1
Income tax is the major source of income for the federal government. The Income tax is collected from both individuals and companies. Calculation of Income tax is done by finding out the taxable income by applying the allowable deductions on the total gross income and is collected annually.  But the treatments of individual and corporate income taxes are different on several counts. The following table shows the differences between the two on various criteria. (more…)...
Black MoneyFinanceIncome TaxTaxTaxation
Double Taxation Law in India
Words • 825
Pages • 4
DOUBLE TAX AVOIDANCE AGGREMENT SECTION 90 OF INCOME TAX 73 India has comprehensive Double Taxation Avoidance Agreements (DTAA ) with 79 countries. This means that there are agreed rates of tax and jurisdiction on specified types of income arising in a country to a tax resident of another country. Under the Income Tax Act 1961 of India, there are two provisions, Section 90 and Section 91, which provide specific relief to taxpayers to save them from double taxation.Section 90 is for…...
FinanceIncome TaxIndiaLawTaxTaxation
Tax Revenue and Development of the Jordanian Economy
Words • 2709
Pages • 11
Multiple studies have been conducted to explain how GIS application could produce a tax map. Although existing literature covers a wide variety of such a concept, this review will focus on how to use GIS application as a tool for assessing the spatial distribution of Property Tax Revenue. This section will target four major subjects which emerge repeatedly throughout the proposed thesis topic. These subjects are the concept of taxation, property taxation in Jordan, utilization of GIS for tax allocation,…...
Taxation in The United States, The Cayman Islands and in Denmark
Words • 2020
Pages • 9
They say only two things are certain in life: death and taxes. While moving countries may not prevent death, it can definitely change on what and how much tax one pays. The types and amounts of taxes paid by individuals vary drastically from country to country and can greatly affect a nation's economy. This paper will explain and analyze the individual taxation of three nations with greatly differing tax and economic structures. The United States of America The United States…...
Compliance System
Words • 1164
Pages • 5
Compliance is following a rule or order. A compliance system is basically a set of structures that conform to certain regulation and policies. Tax compliance is the level to which one complies with tax regulation of a particular region. Tax agents offer the services of ensuring that individuals have met the required tax compliance level. In Australia, the tax compliance system is generally overseen by the federal government. The tax compliance system is applied to Australian residents. They may include…...
Explaining The Primary Purpose Of Taxation Economics
Words • 1417
Pages • 6
Tax is an enforced fee that is charged on individuals and organizations by government or its agency on a product, income, or service. Despite many people complaining of making tax contributions to government, these contributions are very important for the economy of a country. This is because these financial contributions are used by government for the implementation of various socio-economic development projects such as the construction of roads and bridges, schools, health facilities and provision of social services like national…...
EconomicsEconomyTaxTax EvasionTaxation
Fairness in the American Taxation System
Words • 727
Pages • 3
The hot topic in America right now is taxation. While many members of society believe the current taxing system is fair, others believe it is not. The President, congress, and the senate try their hardest to work together to please the entire population with all of the reforms they make. Not only is paying taxes mandatory for American citizens, it is a public duty. The reason people are required to pay tax is because the government uses the money collected…...
Zimbabwe Taxation
Words • 2175
Pages • 9
The tax system currently enforced in Zimbabwe under the authority of the Income tax Act Chap 23. 06 with Acts like the Capital Gains Act Chap 23. 01, Finance Act Chap 23. 04 and the Excise duties Act as complimentary. The system evolved from traditional ideologies perpetuated from pre pre-colonial era up to now. The incidence of tax from a traditional perspective occurred from as far as the Rozvi State who was allowed to maintain their power and control by…...
Corporate Taxation
Words • 470
Pages • 2
1. The definition of property as it relates to a section 351 transaction includes money. (TRUE) 2. A taxpayer always will have a tax basis in boot received in a section 351 transaction equal to its fair market value. (TRUE) 3. Mandel transferred property to his new corporation in a section 351 transaction. One of the properties transferred was land with a fair market value of $200,000 and a tax basis of $250,000. The corporation will always take a tax…...
Nature of Power of Taxation
Words • 539
Pages • 3
Hi Folks. Good morning! I’m Joliever Villanueva. for those who don’t know my names co’z I don’t know your names too. Well’ going to discuss is about the NATURE OF POWER OF TAXATION. - But First I want you to know the meaning of Sovereignty. Sovereignty in tagalong is Karapatang Mamahala. But how it relates to taxation? - because. 1. The power of taxation is inherent in Sovereignty, it is essential or important to the existence of every government. -…...
Administrative Feasibility of Taxation
Words • 339
Pages • 2
Administrative Feasibility – means that tax laws, rules and regulations must be capable of being administered and complied with. Citizenry must easily understand its application for its compliance. No matter how willing and able a taxpayer in complying the mandates of a tax law if he could not comprehend, he could not fully comply the same without lapses. Notably, each error in compliance is penalized and good faith is not always a good defense. Administrative Feasibility – means that tax…...
Tax Evasion
Words • 4759
Pages • 20
Tax Avoidance and Evasion are some of the most perplexing problems facing the nation today. It is widely believed that there is a considerable difference between estimated revenue from taxation every year and what is actually collected. This disturbing aversion to taxation has some historical antecedents. Traditionally, there has always been a hostile response to the payment of tax by the people who viewed tax collectors as a nuisance to the society. And for the few that paid tax, they…...
Income TaxLoanTaxTax EvasionTaxation
Tax Incident
Words • 2585
Pages • 11
Government generally collect taxes to generate revenue and question arise here is that after imposition of taxation, which group will bear the tax burden. After implementation of tax, there would be the division of tax burden between byres and sellers which is known as tax incidence. Tax incidence is linked to the price elasticity of demand and supply. If supply is more elastic than demand then the tax burden falls upon the buyers and when the demand is more elastic…...
Essay about Mandates and Federalism
Words • 774
Pages • 4
Over the last twenty-five years, federalism has transformed due to the increase in federal mandates on state and local governments. Federalism refers to a political system in which there are local units of government, as well as a national government, that can make final decisions with respect to at least some governmental activities, and whose existence is protected. When the Framers devised this political system their goal was to protect personal liberty and create a separation of powers. Over the…...
Philippine Taxation System
Words • 3415
Pages • 14
I. Introduction On hearing the word tax, what usually springs to mind are images of infrastructures, businesses and projects beneficial to the general welfare of the people, or more negatively, the idea of corruption and dirty tricks especially nowadays when numerous issues are colouring the taxation system of the country. With these, today, its importance seems to be overlooked and is viewed more negatively as a burden to the people. Currently, the individual income tax rate in the Philippines stands…...
EconomicsInflationPhilippinesTaxTax EvasionTaxation
Patriots, Loyalists and Taxation in America
Words • 609
Pages • 3
The French and Indian war had a great impact on British Empire. The most profound impact was the expansion of British territory claims in America. However the war put financial strain on Britain with increased war debts. To offset these costs, King George III issued the Royal Proclamation of 1763, which prohibited westward expansion due to the cost of protecting the colonies from Native Americans, and a series of increased taxation acts. (Cider Act, Stamp Acts, Sugar Act, Townshend Act,…...
Capital investment analysis and inflation and capital investment analysis with taxation
Words • 3133
Pages • 13
Inflation refers to persistent increase in price of goods and services. It is also referred to as average general increases in the price of goods and services. Prior to this time, there had been lots of argument amongst writers in finance on whether or not to ignore or include inflation when computing capital budgeting. The argument has always being that inflation affects both the discount rate and the cash flow hence the effect will always cancel out. During inflation shareholders…...
InflationInflation In Simple WordsInvestmentTaxTaxation
Taxation for redistribution is at par with forced labor
Words • 2054
Pages • 9
Taxation for redistribution is at par with forced labor Introduction        There are various definitions given to taxation. The first definition of this term refers to it as the process by which the sovereign authority through its legislature uses to defray expenses of the government. Taxation is as well deemed as a way through which the government increases its revenue under the authority of the law with the intention of promoting welfare and protecting its citizens. There are…...
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