Tax Lesson 1 – Taxation Principles – Residence and source Corporations Agenda • Residence and Source as principles of taxation • Special case 1: The Hong Kong case • Example of tax planning based on the principle of source • Special case 2: the USA case Agenda • Residence and Source as principles of taxation • Special case 1: The Hong Kong case • Example of tax planning based on the principle of source • Special case 2: the USA case Introduction • Taxation for individuals
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Solution to Assignment Problem 15-9 Facts: Ms. Morgan is the sole shareholder in her own CCPC The company qualifies for the SBD and its total tax rate is 15% Ms. Morgan’s tax rates are 29% Federal plus 12% provincial (= 41% total tax) Any dividends paid out by Ms. Morgan’s company are non-eligible dividends The provincial dividend tax credit is 25% of the gross-up NIFTP of the business is $170‚000‚ after deducting her salary of $84‚000 Objective: Ms. Morgan wishes to receive $20
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Finance Acts decisions of Supreme Court decisions of respective High Court decisions of Income Tax Appellate Tribunals Notifications and circulars issued by Central Board of Direct Taxes (CBDT) Assessee 2 (7) “assessee” means a person by whom any tax is payable and includes— • A person by whom any tax or any other sum of money (including interest and penalty) is payable under the Act • every person in respect of whom any proceeding under this Act has
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among the question faced by nations is how to tax it. As the internet crosses the boundaries the main challenges are how can the basic requirements of physical presence and substantial nexus criteria of taxation can be met. The article tries to analyse the key issues in the area of e-commerce taxation. Article alarms the nation that if it is left untaxed it will give rise to a parallet economy. Every industry contributes to the nations economic growth. The communications industry has become very significant
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Nokia 1280 RM-647 Service Manual Level 1&2 SERVICE MANUAL Level 1&2 RM-647 Transceiver characteristics Band: EGSM 900/1800 Display: 1.36” black and white display 96 x 68 pixels resolution Operating System: S30 Connections: Cellular radio: GSM 2.0 mm DC charger connector 3.5mm AV connector Talk time Standby GSM: Up to 12.78 hours GSM: Up to 720 hours Note: Talk times are dependant on network parameter settings. 1 Confidential Copyright
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· The War For Independence o Introduction § At the start of the war Britain had the best-equipped and most disciplined army‚ along with a navy that was unopposed in American waters § Due to the native officer corps and considerable experience in colonial wars‚ the Patriot forces proved formidable § Initially the British thought they could regain political control by having one military victory § This strategy did not work due to the geography on eastern North America § Patriots
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CHAPTER 1 Introduction Practice Questions Problem 1.1 What is the difference between a long forward position and a short forward position? When a trader enters into a long forward contract‚ she is agreeing to buy the underlying asset for a certain price at a certain time in the future. When a trader enters into a short forward contract‚ she is agreeing to sell the underlying asset for a certain price at a certain time in the future. Problem 1.2. Explain carefully the difference
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Ancient Empires Study Guide 1. What is civilization and why is that definition important to historians? Civilization is the advanced state of human society in which a high level of culture‚ science‚ industry‚ and government has been reached. This definition is important to historians because their job is too research the past – culture‚ science‚ industry‚ government‚ etc. - and decipher the mistakes and success made in ancient times in order to shape a better future. This definition is also important
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ETME 3252 ‚ Fall 2004 Thermodynamics and Heat Transfer Laboratory Manual – 11th edition Edited by: Professor Ed Braun Department of Engineering Technology Copyright ©2004. Material in this document is for your educational use only. This document contains copyrighted and other proprietary information. You may not in any way make commercial or other unauthorized use‚ by publication‚ re-transmission‚ distribution‚ caching‚ or otherwise‚ of this material‚ except as permitted by the Copyright
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RGeneral Principles of Taxation Fundamental Principles in Taxation Taxation Taxation is the inherent power of the sovereign‚ exercised through the legislature‚ to impose burdens upon subjects and objects within its jurisdiction for the purpose of raising revenues to carry out the legitimate objects of government. It is also defined as the act of levying a tax‚ i.e. the process or means by which the sovereign‚ through its law-making
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