NBER WORKING PAPER SERIES DO TAX HAVENS FLOURISH? James R. Hines Jr. Working Paper 10936 http://www.nber.org/papers/w10936 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 November 2004 I am indebted to Claudia Martinez for excellent research assistance‚ to her and to Rosanne Altshuler‚ Reuven Avi-Yonah‚ Daniel Mitchell‚ Joel Slemrod‚ and particularly James Poterba‚ for helpful comments on previous drafts of this paper.The views expressed herein are those of
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to the U.S. Tax System Both the American people and members of the Federal Government have long griped about the current U.S. Personal Income Tax System. Bush’s Advisory Panel for Federal Tax Reform stated that‚ “the complexity of our tax code breeds a perception of unfairness and creates opportunities for manipulation of the rules to reduce tax”.[1] The Tax Foundation estimates that $338 billion of time‚ energy‚ money‚ and other resources‚ are spent annually completing tax returns.[2]
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An individual taxpayer received a valuable painting from his uncle‚ a famous painter. The painter created the painting. After the taxpayer held the painting for six months‚ he sold it for a $400‚000 gain. The gain is a short-term capital gain. a. True b. False Gabriel has the following capital gains and losses for 2014: $6‚000 STCL‚ $5‚000 28% gain‚ $2‚000 25% gain‚ and $6‚000 0%/15%/20% gain. Which of the following is correct: a. The net capital gain is composed of $5‚000 28% gain and $2
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Introduction Objective Tax compliance Compliance issues Challenges Conclusion INTRODUCTION On 2004‚ the Inland Revenue Board Malaysia (the IRBM) has implemented the self-assessment tax system (the SAS) on individual taxpayers in order to promote voluntary tax compliance. Under the SAS‚ individual who has income accruing in or derived from Malaysia are required to disclose taxable income honestly‚ compute tax payable correctly‚ file tax return form and pay tax on a timely manner.
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Procedure for Assessment and Collection of Tax Course: Taxation Management Semester: Summer’2010 Submitted By: Atiqua Masood Saya (8090) Preeti Adwani (7958) Shumaila meer (7583) Shafaq Zehra Rehmani (12044) Urooj Bibi (7218) Submitted To: Mr. Farrukh Ansari Submitted On: 25st July’ 2010 LETTER OF ACKNOWLEDGEMENT
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018/R.G.H.S/XV/576 3rd December‚ 2013 The Chairman‚ L/S Health Service Commission 1‚ Ganiu Smith Street‚ Lagos Island‚ Lagos. Attention; Director of Personnel Management. REQUEST FOR APPOINTMENT STATUS I wish to request for the appointment status of the underlisted officers who had attended the Personnel Management Board Meeting for their appointments’ renewal. Please be informed that this is necessary to avoid their names being off payed at the CPDVD (oracle) by the Auditor
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A tax system is simply the collection of taxes in an economy. It is a sum of money paid by people or businesses to a government‚ to be used for public purposes. Taxes are raised through various means and the systems vary for each country. The main taxes in the UK‚ USA and Australia will be explained. Countries use the taxes they receive in different ways. Aims and targets of most countries vary‚ as does the amount of tax generated. Due to this‚ expenditure is prioritised and spent accordingly
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customer group‚ marketing‚ branding‚ enhanced employee relations and Tax incentives. Paying taxes is perhaps the most fundamental way in which private and corporate citizens engage with broader society. After all tax revenues are major source of public spending and development of the society. So when CSR is as a way of doing business‚ do the companies apply CSR principles when managing its tax liabilities as well? The Vodafone tax case judgment from India’s Supreme Court on 20th Jan was cheered
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4 PRINCIPLES OF TAX INTRODUCTION TO TAX LAW A. Origins of Taxation - Taxation is not a modern concept‚ and dates back to the Roman Empire: ▪ Emperor Caligula set a disturbing trend as a tax collector by imposing taxes on food‚ court proceedings‚ wages of porters‚ prostitutes and even marriage. - 1770’s ( Pitt and Lord North believed that newspapers were luxury items and constituted appropriate fiscal targets. A stamp duty was placed on newspapers‚ which was later increased to
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As the global crisis deepened‚ the foreign investors decided to exit the Nigerian capital market‚ by off loading their large volume of shares into the market. The market got saturated with shares without corresponding buyers. On the part of the retail investors they could not catch in to take profit as share certificates were not being issued promptly and the process of certificate verification at the Registrars offices took so long to be completed. Since the retail investor could not exit and there
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