take back Bangladesh to be the third party replacement instead of Philippines will help to keep the advantage for Vietnam exporters with the anti dumping tax of 0% instead of 130% as preliminary results. Note: other Vietnamese competitors such as China‚ Thailand‚ Cambodia‚ etc… are not subjected to bear anti-dumping tax for pangasius as Vietnam. Tax rate is 0%. 2. US market is always the most profitable market among all due to the high export price (over USD 3.40 per kilo) while average price of the
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Income Tax Act 1961 Assessment Year: The period of twelve months starting from April 1 of every year and ending on March 31 of the next year. Previous Year: Income earned in a year (Previous year) is taxable in the next year (Assessment Year). Income earned during the previous year (PY) 2011-12 is taxable in the Assessment year (AY) 2012-13. From the AY 1989-90 onwards‚ all assesses are required to follow the financial year April 1 to March 31 as previous year for all sources of income
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large jury verdict on behalf of his client in a personal injury case. His wife Jane Smith accompanies him during your meeting because she has some additional tax planning advice to ask of you. ROLE: After reviewing John and Jane Smith’s points of view‚ it will be your turn as a tax professional to decide on the best course of action from a tax perspective on their issues. Prepare a three page memo (at least 900-1‚500 words per page) to John and Jane Smith addressing the issues presented. PLAYERS:
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Week 5 Problem Solution Set Accounting/547 October 5th‚ 2012 Chapter 15‚ #83 a) Significant tax issues or concerns that may differ across entity types are: * The business structure’s flexibility * Protection of the liability * The time and cost of organizing the entity Significant non-tax issues or concerns that may differ across entity types are: * Lowering of self-employment and FICA taxes * Flexibility of special allocations * Adding new owners b)
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The Buffett Rule and Tax Reform As the tax cuts enacted by George W Bush during his presidency come to a close‚ the importance of reconciling spending and taxation has produced a spirited debate as to the best manner in which to solve the debt crisis. One voice in the debate is that of Warren Buffett‚ Chairman and CEO of the holding company Berkshire Hathaway and one of the richest men in the world. He has come out against the status quo tax policies‚ stating “My friends and I have been coddled
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is a carbon tax. This is "a fee intended to make users of fossil fuels pay for climate damage their fuel use imposes by releasing carbon dioxide into the atmosphere‚ and also to motivate switches to cleaner energy (What‚ 2016)". In other words‚ a short-term solution where both everyday people and large industries will have to pay to use energy sources like crude oil‚ coal‚ and natural gasses for transportation‚ household energy usage‚ and production of manufactured goods. A
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The GST input tax incurred by businesses is claimable as a credit if they make taxable supplies. This avoids the cascading tax effect of the current single-stage sales tax and service tax regime‚ which results in higher prices. Recognising the wide-ranging impact of GST‚ the Government has proposed an initial low rate of 4%‚ coupled with zero-rating and exemption of essential goods and services. Anti-profiteering legislation and other measures for qualifying persons in the lower-income
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What is Stamp Duty Land Tax? Stamp Duty Land Tax (SDLT) is generally payable on the purchase or transfer of property or land in the UK where the amount paid is above a certain threshold (£40‚000 or more). In addition most UK land and property transactions must be notified to HM Revenue & Customs (HMRC) on a Stamp Duty Land Tax return within a certain time limit - even if no tax is due. What value is SDLT charged on? Stamp Duty Land Tax (SDLT) may be payable when property or land is bought
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communication‚ and of course energy. One of the major sources of energy is natural gas. An ongoing debate within each state consisting of the United States of America is whether to impose a severance tax on natural gas extraction. Every governor and the state in which they reside has decided to impose a severance tax on natural gas extraction‚ except former Governor Corbett in the state of Pennsylvania. The forty-sixth governor of Pennsylvania‚ Tom Corbett‚ displayed significant courage‚ the type of courage
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card to pay taxes. Fees vary but average about 2.5 percent of the tax payment (IRS.gov). Are These Fees Themselves Deductible? Explain. Credit and debit card convenience fees charged for paying federal individual income taxes are deductible as miscellaneous itemized deductions subject to the 2% floor for taxpayers who itemize (RIA 16181 Tax Liability). Summarize Your Findings In A Memo For The Tax Research File October 3‚ 2014 TAX FILE MEMORANDUM From: Subject: John and Martha Stewart
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