SOCIO-ECONOMIC PROBLEM OF TAX AVOIDANCE AND EVASION IN NIGERIA: AN OVERVIEW Dominic Asada LL.B. (Hons.) B.L‚ LL.M. 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
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Chapter 6 Tax matters 1、 Why have tax? The Collins Concise English Dictionary (1992. P 1383) defines the word “tax” as: “a compulsory financial contribution imposed by a government to raise revenue‚ levied on income or property‚ on the prices of goods and services‚ etc. and to levy a tax on (persons‚ companies‚ etc.)” (Clinton Alley‚ 2008). there are several reasons can explain the existence of tax: The main function of taxation is the fiscal one. It is through fiscality that taxes play their
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Office administration is now a combination of information technology‚ human resource management‚ office resource management‚ written communication‚ verbal communication‚ research and budgeting. All areas of modern business and government require experts who can implement and manage office administration systems. Efficiency can only be achieved if the people working with technology and new administration systems are trained specialists ... anyone for coffee? As a trained office professional
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Personnel Administration This lesson complies with the following course outcomes: CO 3: To analyze the policy and decision making process in public administration CO 5 : To discuss the importance of ethics in public administration Synopsis While the country’s public administration is considered an important machinery of the government‚ the people; men and women who devote their time more than eight hours a day are the key to successful public service. The public administrators of any country
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Assessee Perception towards Direct Tax Code (DTC) 1 1‚2 Dept. of FMS‚ Gurukul Kangri University‚ Haridwar‚ UK‚ India tax regime as it is based on well accepted principles of taxation and best international practices. It will eventually pave the way for a single unified taxpayer reporting system. The Philosophy behind such replacement is to make the Direct Taxes Code very easy and simple so that tax payers themselves can‚ without help of experts compute and file Income Tax Returns. In planning and framing
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Energy Efficient Building Windows Energy efficient windows have multiple layers of glass. The reason for this is because the more layers of glass you have the better it insulates the house. Three or four layers of glass are one of the best because you have more airspace in between layers. A smaller airspace doesn’t insulate the building as well as a thicker airspace would. The thickest an airspace should be is 1 inch because any thicker than that will cause the glass of the window
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Financial Administration Finance is the life blood of very business. As personnel and materials which are necessary for the functioning of any office‚ industry‚ enterprise can be made available through money. Hence‚ finance plays an important role in the business. Socio-economic forces unleashed by industrial revolution have given a new meaning and dynamic content to financial administration. Meaning of Financial Administration The term Financial Administration consists of two words. ’Finance’
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Starting with Neo Classical School Herbert Simon The Proverbs of Administration Note: The paragraphs in blue are the article text extracts that Fares read in class. Introduction: Wrapping up what we talked about under classical school in the previous sessions: 1-Universal principles of management‚ 2-Only one way of doing things‚ discover this one way and implement it (no two or more ways) 3-It tells you in a normative way what you ought to do (not empirical) they don’t go and see what
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A carbon tax is a tax imposed on the carbon content of fuels. It is a form of carbon pricing. Carbon taxes are a possible cost-effective means of reducing greenhouse gas emissions. From an economic outlook‚ carbon taxes are a type of Pigovian tax.They help to address the problem of emitters of greenhouse gases not face the full social costs of their actions. Carbon taxes can be a degenerating tax‚ in that it may directly or indirectly affect low-income groups disproportionately. The regressive impact
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FCA‚ Nashik 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. However in a broader sense tax planning is not to save the tax for current financial year but also make an effective planning of the sources
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