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Taxation Essay Examples

Zimbabwe Taxation

...Government was established. This Committee comprises of the minister of Finance Mr. T Biti, some representatives from the private sector and ZIMRA itself. The committee aims to solve the challenge faced by tax authorities in Zimbabwe of trying to broaden tax base and at the same time simplify tax collection and easing the debt burden. The Final Deduction system is also a notable development of Zimbabwe’s tax system. It is a system in which the employer is required to deduct P. A. Y. E from th...

Corporate Taxation

...9. Ashley transfers property with a tax basis of $5,000 and a fair market value $3,000 to a corporation in exchange for stock with a fair market value of $2,000 and $500 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $500 on the property transferred. What is Ashley’s tax basis in the stock received in the exchange? ($4,000) 10. Which of the following statements best describes the concept of control as it applies to a section 351 transacti...

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 ...

Nature of Power of Taxation

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Fairness in the American Taxation System

...The government ensures that the money taken out of an individuals check is put to good use. Other taxes go to support the entire country. If taxes did not exist, it would be every man for himself and our economy would be a disaster. Without a progressive taxation system, America would not be as strong as it is today. There would be an even bigger difference between the wealth and poverty line. People travel all over the world to come to the United States to achieve the “American Dream,” and ...

Explaining The Primary Purpose Of Taxation Economics

...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 provi...

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...

Capital investment analysis and inflation and capital investment analysis with taxation

...The project cost is N1.4m and has an estimated residual value of N10,500. The above cash flow profile has not taken into consideration the effect of changing prices. If effect on changing selling prices are taken into consideration cash revenue are expected to rise by 10% after year 1 and operating expenses by 11% after year 1. General level of inflation in the country is currently 15%.SCG Ltd can claim capital allowance at the rate of 25% on the reducing balance basis on this project. tax is cu...

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