Sin Tax Bill (For the Government) OVERALL SUMMARY: According to James Sadowsky‚ author of The Economics of Sin Taxes‚ taxes imposed on products seen as vices such as alcoholic liquors and tobaccos are called sin tax. Aside from the commodities being objects of disapproval‚ even their consumers accept such taxes because they seem to hit two birds in one stone. First‚ they raise revenues and second‚ they made vices expensive. House Bill 5727 or also known as the Sin Tax Bill aims to reform the
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a basic overview of the overall Australian tax system and the policy influences behind its design; some recognition of the tax systems of other jurisdictions and their similarities or differences to Australia; a working knowledge of the administrative aspects of the Australian tax system; an appreciation of the tax issues that arise in an international context‚ particularly with regard to the fundamental concepts of residence and source; a basic understanding of the key aspects of the Australian income tax system such as:
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10-12-2013 Introduction to MR Agenda MR Industry – Overview Why MR? Why is it Important? MR – Easier or Tougher now? MR Defined Steps in the MR process Defining Management Decision Problem Defining Marketing Research Problem 1 10-12-2013 Why MR? . . . Marketing management is all about making decisions relating to 4 Ps‚ STP and issues like market entry For any decision-making‚ information is vital MR provides managers this info Without this‚ managers will
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1.INTRODUCTION When we buy any kind of property for a lower price and then subsequently sell it at a higher price‚ we make a gain. The gain on sale of a capital asset is called capital gain. This gain is not a regular income like salary‚ or house rent. It is a one-time gain; in other words the capital gain is not recurring‚ i.e.‚ not occur again and again periodically. Opposite of gain is called loss; therefore‚ there can be a loss under the head capital gain. We are not using the term
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TAX STRUCTURE IN INDIA Introduction: India has a well-developed tax structure with clearly demarcated authority between Central and State Governments and local bodies. Central Government levies taxes on income (except tax on agricultural income‚ which the State Governments can levy)‚ customs duties‚ central excise and service tax. The Tax Structure in India is quite strong and follows the financial year. The taxation under the tax structure in India is applicable for any kind of income pertaining
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| Reviewer: | Professor Watson | Subject: | Including frequent flyer benefits in Gross Income | Facts: | Over a period of time Latrell accumulated enough frequent flyer miles to purchase a free roundtrip ticket to Milan‚ actually valued at $1200. The frequent flyer miles he used were generated through business travel expenses paid for entirely by Latrell’s employer. | Issue: | Does Latrell have to recognize income from this purchase? | Authorities | IRC sec. 61 IRC sec 162Reg §1.274-5TCharley
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Author Instructor Course Date The Economic Recession of 2007 to 2009 Recessions are a normal part of the business cycle‚ which constitutes of recurring expansion and contraction of the overall economic cycle associated with changes in employment‚ income‚ prices‚ sales and profits. A business cycle consists of four phases‚ which include peak‚ recession‚ trough‚ and expansion. Once an economy reaches the peak‚ which is the maximum point of economic growth‚ it contracts and initiates a period of
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STARTING WITH COUPON BONDS • Three aspects: In May 2010 the U.S. Treasury sold a bond with – a coupon rate of 2 % and – a maturity date of May 31‚ 2015 – a payment frequency of two a year‚ six months apart s of May 31‚ 2015” • This bond is called “ Coupon rate 9/5/2013 Coupon frequency‚ “s” is for “semi‐annual” L. Wu maturity 2 Cash Flow of the Bond • The unit for bond purchasing is $1‚000. • Suppose that an investor purchases $1m face value of the bond‚ i.e.‚ 1‚000 units.
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the AVI-YONAHFINAL.DOC FEBRUARY 26‚ 2002 2/26/02 5:38 PM Book Review Why Tax the Rich? Efficiency‚ Equity‚ and Progressive Taxation Reuven S. Avi-Yonah† Does Atlas Shrug? The Economic Consequences of Taxing the Rich. Edited by Joel B. Slemrod.∗ Cambridge: Harvard University Press‚ 2000. Pp. 524. $57.95. In Greek mythology‚ Atlas was a giant who carried the world on his shoulders. In Ayn Rand’s 1957 novel Atlas Shrugged‚ Atlas represents the “ prime movers” —the talented few who bear
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Current and Non-current Assets Without assets‚ businesses could not function. In order to show how much a business owns assets are used in accounting to clearly define the positive side of a balance sheet. Current and non-current assets are not only cash‚ but also monies which will turn into cash in the future. This includes receivables‚ properties‚ work in progress and buildings. This paper will define current and non-current assets‚ differentiate between the two‚ the order of liquidity and
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