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Tax Essay Examples

Essay on Tax

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Taxation for redistribution is at par with forced labor

... From this essay it is evident that taxation for redistribution is at par with forced labor. This is evident from the Nozick arguments regarding how taxation forces people to work. The main argument provided by this scholar is that people will be forced to work extra hours so that they can earn what is enough for them even after the government has deducted their percentage in terms of taxation. If funds collected from taxation are channeled in conducting activity such as medical resear...


...This is a powerful representation of the state of company as of that time which is result of close inspection during a time of transition. What she does not mention is how this compares to the first couple of years of the strategy implementation of broadening services. As of today, the picture is brighter and the company, while still a long way from being there, is closer to achieving some of the goals. This paper outlined the company, the strategy employed, the rationale for various components ...

Should people on welfare have to be drug tested

...The idea is simple; no taxpayer wants to see their hard earned money to pay for someone on welfare to pay for drugs. Taxpayers deserve to know that their hard-earned dollars are used wisely and not funding drug use for welfare recipients. It’s not right to take the taxpayers money for drug users. Welfare pays for many different things like unemployment, housing assistance, foods stamps and more. I believe random drug testing should be done for those that fail to pass a written screening test w...

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Corporate governance ethics

...Corporate governance involves directing and controlling all operations of a corporation. Therefore, all unethical issues are as a result of incompetent corporate governance.  Most ethical problems associated by poor corporate governance include evasion of taxes, not meeting their corporate social responsibilities such as environmental protection and unfair wages to employees and production of poor quality goods to maximise their profits. The problems have led to a dilemma between the corporatio...

Financial managing application

...The reason for the past profit and losses could be the problem of the financial management software. As per the given care study, the software that has been used was not able to provide sufficient analysis of the generated revenue and the expenses which has made poor estimates about future profits and decision making. The growing of the customer base has helping loyalty sales and also new references of upcoming customers. This has reduced the advertisement cost. However the new software system i...

Case 33

...* creative menu with high-quality ingredients + specific menu depending on country to support sales growth. * Average check of $13.30 was below that of many of its upscale dining casual peers, labeling the chain as “Price-Value-Experience” leader in its sector. * Management created devoted patrons who created free, but far more-valuable word-of-mouth marketing for the company. CPK spent 1% of its sales on advertising, far less than the 3% to 4% of its competitors. * 50% of advertising were s...

Economic Crisis and Response in the Philippines

...The Arroyo administration’s poor fiscal position was attributed to weakening tax effort (still resulting from the 1997 CTRP) and rising debt servicing costs (due to peso depreciation). Large fiscal deficits and heavy losses for monitored government corporations were observed during this period. National debt-to-GDP ratio reached an all-time high during the Arroyo administration, averaging at 69.2%. Investment in public infrastructure (at only 1.9% of GDP), expenditure for economic services, he...

A good Citizen

...These two leaders worked their way to the top and achieved their goal whilst being a good citizen and helping Nigeria become a better place. So be a good citizen and follow the traits, work your way to the top and achieve greatness and remember…….. ‘’There are three periods in the life of a people or in the life of a country … yesterday, today and tomorrow… Tomorrow belongs to visionaries and idealists, without whom you cannot build a new society.’’- Chief Anthony Enahoro (1923-2...

Training Needs of Barangay Officials

...Course objectives: This course is about taxing, borrowing, and spending. It builds on the financial management skills acquired in GSM 504, GSM 532, GSM 533, this course is designed to provide the basic tools of financial and budget analysis needed for a career in public management, including consulting, or for service as an appointed or elected official or a voluntary board member. This course is divided into two blocks of instruction: 1. Financial theory -- which is concerned with the sources a...

Social implications of business ethics

...Chris Moyles admits to joining a tax avoidance scheme that would have cost the UK £290million. It wasn’t only Chris Moyles there was also a former Radio 1 DJ who pretended to be a used car salesman hit by losses to save up to £1 million in tax payments. The guy joined a scheme called ‘Working Wheels’ which boasted 450 high earning members, including celebrities. The star, who earned £500,000 a year at the BBC has said he accepts full responsibility for his action after a tribunal ruled ...

Accounting Personal Statement

...Selecting to be Moss Adams Scholar would definitely help me achieve my goal. No need to say, Moss Adams is one of the most successful accounting firms in the United States. It is the 11th largest accounting and consulting firm in the United States, and the largest headquartered in the West. The variety of services Moss Adams offers in assurance, tax, and consultation services would absolutely help me to gain knowledge in accounting profession. In addition, the structure of Moss Adams's business ...

Corporation and all other organizational forms

...2.8 In early 2009, General Electric (GE) had a book value of equity of $105 billion, 10.5 billion shares outstanding, and a market price of $10.80 per share. GE also had cash of $48 billion, and total debt of $524 billion. Three years later, in early 2012, GE had a book value of equity of $116 billion, 10.6 billion shares outstanding with a market price of $17 per share, cash of $84 billion, and total debt of $410 billion. Over this period, what was the change in GE’s: a. market capitalization...

Economics Land Reform

...1. Inquilinato System – under this system, the tenant bore all the risks. The absentee landlord merely waited for the harvest and collected annual rent. 2. Kasama System – the tenant usually furnished the land, farm tools, seeds and expenses for transplanting and harvesting. Although the sharing was regulated by la, abuses by the Land Lord continued unabated because of the weaker position of the tenants. 3. Takipan System – the tenant paid back two cavans of palay for every cavan that he b...

Government debt

...The projection for the deficit by the Congressional Budget Office (CBO) is expected to fall to $845 billion this year. In the last five years, this is the first reading that fell under $1 trillion. The CBO estimates that the deficit for 2014 falls to $616 billion and $430 billion in 2015. The CBO also assumes that unemployment rates for 2013 would be 8%, and are expected to decrease by .4% in 2014. The estimation by the CBO for the GDP growth is 1.4% in 2013, which is assumed to accelerate to 3....

Hiding from Reality

...In the end there is no such thing as a perfect society, or utopia. But that does not mean that we shouldn’t try to make improvements to help rebuild our country. Bob Herbert is right when he says this country will always be in a sad shape, that’s because as of right now there is little to no effort in rejuvenating our nation. There will always be unemployment and inflation, that’s inevitable, but things we can stop are warfare overseas and budget deficits. Reform is possible, we just have ...

Tax evasion case

...Under the current regime, there is a fractured credit mechanism where businesses don't get credit for all the taxes they pay. The effort to prepare for a smooth integration with the GST without any hardship to public is a big challenge, which needs to be handled at the field as well policy level. GST is the future of all indirect taxes in India for which a consensus is needed between the central and state governments. It was supposed to be implemented from 1 April 2010 but is postponed every yea...

Efforts to Reduce the Budget Deficit

...The United States experienced more downfall such as the terrorist attacks of September 11th and the continued was on terrorism in Iraq and Afghanistan. This alone sent us further into a financial crisis and caused politicians to go back and forth in debates, until President Obama and Speaker of the House John Boehner reached an agreement and signed into law on August 2, 2011, the Budget Control Act of 2011 immediately increased the debt limit by $400 billion. The bill also specified $917 billion...

The intangible assets section of the balance sheet

...Holmgren’s insurance policy of $9,000,000 has a deductible clause of $500,000. How should Holmgren Chemical report this information in its financial statements at December 31, 2012? 3.Shinobi Inc. had a manufacturing plant in Darfur, which was destroyed in the civil war. It is not certain who will compensate Shinobi for this destruction, but Shinobi has been assured by governmental officials that it will receive a definite amount for this plant. The amount of the compensation will be less than...

Tax Planing - nature and forms of Business, Sec 10A of income Tax Act of 1961

...In case an undertaking eligible for deduction under this section is transferred, before the expiry of the specified period, to another Indian company in a scheme of amalgamation or demerger – (a) no deduction shall be admissible under this section to the amalgamating or the demerged company for the previous year in which the amalgamation or demerger takes place ; and (b) the provisions of this section shall apply to the amalgamated or the resulting company as if the amalgamation or demerger ha...

Effects of syntax bill to student smokers of Mindanao University of Science and Technology

...This is also incites and provokes different responses, simply because this bill, if passed, would mean different things to different people. Manufacturers argue against the measure, primarily, on the following points: (1) it is the low-income earning earner consumers (who can only afford the lower-priced products) who will feel the pinch; (2) the decline in sales (from this segment of the market) will result in decreased production; (3) and that the decrease in production will inevitably lead to...

Scope and delimitation


Online Payroll System

...The scope of the developed system is to generate an Online Payroll System which is capable of calculating the employee’s income. The main user, which is the admin can use this Online Payroll System to calculate and store the encoded data online. The proposed system can automatically calculate the employee’s income after the admin encode all the information needed. Compare to the manual based system, this is more accurate, fast and easy to use. Moreover, every employee can access the Online P...

Causes of Parallel Economy in India

...There are various issues related to the income of these trusts. It is generally the ignorance of devotees that prompt such a large amount of donations to these temples. 17.Paying Bribes- Paying bribes to the government officials for various purposes has become very common in modern times. Paying bribes for obtaining legal sanctions for the illegal immovable property, paying bribes to the traffic constables and others on the violation of the rules and norms etc. are some of the examples of our ma...

Philippine Taxation System

...The Philippines, with the current taxation system, is always on budget deficit. And these year after year deficits includes huge amount of money thus resulting to higher public debt that the taxpayers also pay, with interest. It is time to change on how the government tax its people. Lowering the tax rate will not necessarily mean that it will lessen the budget of the government. Lowering tax will increase the tax base of the government and it will increase the cash flow in the economy, let the ...

Job Fair Brochure

...I choose the company structure, business model and culture based on the on-going need of these services for every individual and new small businesses that are starting almost daily. The tax laws are changing all the time and it is important to know the changes that affect every person and business. I have been to and have seen many businesses like this one that I have created where the employees have no knowledge of business or tax basics, never mind the changes that the government is constantly...

The Financial Assignment

...7.) Can flotation costs be ignored in the analysis? Explain. In this case, having a flotation cost for debt as much as 5% and for equity as much as 10% already comprises a material amount, and if ignored, there would be a tendency of miscalculation that would eventually lead to the misinterpretation of the information. Though it is not an essential variable in computing for the WACC, flotation costs are actually accounted in measuring the value of the project which is the main contributing facto...

Promote Products & Service

...3D COFFEE'''' will provide a space, an suitable environment for many different demands of customers as well as creating healthy recreation and relax with some reasonable prices. When customers come to "Coffee 3D" that they will be integrated into the environment lively, friendly and everyone will be linked together easier. Furthermore, this shop will satisfy all the needs of the individual or collective by new services and so interesting. Through the analyse and present research information of p...

Main features of the five sector circular flow model

...The five sector circular flow model is very useful is helping to easily understand the way an open economy such as Australia works. It is a complete model including all possible sectors leaving nothing to assume. On a more careful analysis it even becomes possible to workout ways of stimulating and suppressing the economy using assumptions and simple equations. This model is especially helpful to students seeking an easy way to understand the way an open economy functions and the different affec...

Main Users of financial Reports and Their Conflicts

...Although different users have different interests in business, the conflict can mainly be solved by the general-purpose and standardized format of financial statements. Because it is very costly and impractical to produce a different financial reports to each and every specific users, it is widely accepted that a general-purpose financial statements be produced to satisfy the most needs of the all users. Standardized format would provide a easier way to make comparison of the business with its c...

Week 6 Homework Solutions

...Contrast the effects of paying off an internally held debt and paying off an externally held debt. Answer Paying off internally held debt is analogous to the left hand paying the right hand; dollars are redistributed, but there is no domestic loss of wealth. Paying off externally held debt represents an outflow of wealth from the country. Note that this isn't necessarily bad if the external debt was incurred to bring in goods or assets that facilitate domestic economic growth or serve other impo...

Wk 6 homework solutions

...debt and the debt held by the public. Why is the debt as a percentage of GDP more relevant than the total debt? Contrast the effects of paying off an internally held debt and paying off an externally held debt. Answer Paying off internally held debt is analogous to the left hand paying the right hand; dollars are redistributed, but there is no domestic loss of wealth. Paying off externally held debt represents an outflow of wealth from the country. Note that this isn't necessarily bad if the ext...

Tax Audit and Tax Investigation in Malaysia

...Mike Moffatt (2009). Income taxes- government spending on infrastructure. The effect of income tax on economic growth. Retrieved 27 February, 2009, from http://economics.about.com/cs/taxpolicy/a/taxing_growth_3.htmT Pettinger (n.d.). Advantages of tax cuts. Retrieved 26 February, 2009, from http://www.economicshelp.org/2008/01/advantages-of-tax-cuts.htmlTax policy (2009). Fiscal and tax policy. Retrieved 27 February, 2009, from http://www.ceocouncil.ca/en/fiscal/tax_policy.phpThe purpose of tax ...

Democrats vs. Republicans

...Both political parties have a lot of different opinions. It is up to the voter to decide which party they feel has similar beliefs. Democrats and Republicans have very strong beliefs and only some now a days try to follow the ways for when the original parties were in session. In conclusion, the difference between a liberal and a conservative can no longer be defined within the constraints of the Constitution of the United States. In America today, the answer to this question can only be answere...

Homework Assignment

...There are huge benefits to be derived from creating and using such capital goods Division of labor is the separation of work required to produce a product into a number of different tasks that are performed by different workers; specialization of workers. The advantages of specialization is it makes use of differences in ability, fosters learning by doing, and saves time. All these advantage reasons for specialization increase the total output society derives from limited resources. Specializati...

Taxes and Credit


Term Paper on Tax Management

...The DTC has proposed to enhance the tax rate from 10 per cent to 20 per cent tax on gross amount of royalty and FTS income earned by non-residents in India, even when a PE of such foreign company is in existence. The increase in tax rates would adversely impact non-residents earning royalty / FTS from India. This would also lead to increase in cost of importing technology and services into India should the impact of additional tax cost is shifted to the Indian customer. Further, removal of net i...

School funding and resources

...The solution to negative social influence is ensuring that the surrounding individuals are not too involved in school funding matters. Also ensuring that the school is not affected by external factors when it comes to funding could help. The strength of these solutions is that funding will be easier. Its weakness is that schools could loose on some other aspects it gains from social influence (Bartolomeo, 2004). References Bartolomeo, C. (2004). The funding divide. American Teacher, 6-7. Crawfor...

Retirement Plans

...When retirement approaches there are many options to consider when securing one's self financially. It is important to know all of the facts about all the options available. Learning these facts come from a clear communication plan and open communication. When it comes to retirement plans, the Employee Retirement Income Security Act ensures that employees are informed about their options and their retirement contributions are secured. 401(k) and IRA accounts are just a few of the retirement opt...

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