Question 1 Ans: Mr. Chan Salaries tax Year of assessment 2010/11 Basic period: year ended 31 March 2010 $ $ Salary ($100‚000*12) 1‚200‚000 Education benefits 150‚000 Reimbursement of tuition fees 100‚000 Reimbursement of utilities 50‚000
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Berkeley voters passed a tax on sugary beverages. This was an act from the public health advocates to get this tax enacted elsewhere in the United States. There is some controversey that sugary drinks are in no relation to the obesity increasing each year‚ but further research says otherwise. Advocates of taxing these drinks say that the bigger price tag on sugary drinks can reduce the consumption over them and improve people’s health. The bigger concern is where is the other tax money going if we do
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Propsoing a bag tax can indeed be a good thing. Many of our nation’s polution comes from plastic bags. When charging an additional 25 cents for a plastic we can use that money to clean up our world. Enforcing the bag tax wouldn’t be a problem‚ the cashier will add an additional 25 cents to your total for each plastic bag. A bag tax should be imposed upon communities because of the problems plastic bags impose on our enviroment. I support having a 25 cent bad tax. A bag tax is good for three reasons
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The Earned Income Tax Credit (ETIC) is considered one of the largest and least controversial welfare programs. The ETIC sprouted out of the 1960s War on Poverty as an answer towards concerns over the increasing number of welfare programs of that era. The program has evolved from an initially modest tax credit into the U.S. government’s largest and most important poverty prevention tools. This brief background paper will describe ETIC’s history‚ eligibility requirements‚ and the positive/negative
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(To be filled up by the BIR ) DLN: Republika ng Pilipinas Kawanihan Kagawaran ng Rentas Internas Pananalapi Donor’s Tax Return 2 Amended Return? Yes No 3 No. of Sheets Attached 4 BIR Form No. 1800 July‚ 1999 (ENCS) ATC Fill in all applicable spaces. Mark all appropriate boxes with an “X”. 1 Date of Donation (MM/DD/YYYY) D N 0 1 0 Part I Background Information 6 RDO 7 Telephone 5 TIN Code Number (Donor) 8 Donor’s Name(For Individual)Last Name‚First Name‚Middle Name/(For Non-Individual)Registered
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“Van Tho” in An Giang. Then she opened the second shop in Can Tho at Ngo Duc Ke Street. The problem is that when opening the second shop‚ she is asked to pay the excise tax (massage business is one of the taxable objects). However‚ she is not asked to do that at An Giang and even be exempt from paying any tax except the license tax because of the characteristic of her business (business for society‚ specifically the blind). So‚ does the action of taxing on her business –a business for the blind-against
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Fat Chance for the “Fat Tax” Our bodies and what we put into them is our own business unless someone else is harmed in the process. I can understand a tax on drinkers and smokers because drinkers can harm others when they get behind the wheel of a car‚ and secondhand smoke is a killer of many‚ but a tax on what people eat is preposterous. People are still going to eat junk food no matter what the cost is; look at smoking‚ the price of cigarettes keeps going up but people continue to buy them
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| Direct Tax Code | The direct tax code seeks to consolidate and amend the law relating to all direct taxes‚ namely‚ income-tax‚ dividend distribution tax‚ fringe benefit tax and wealth-tax so as to establish an economically efficient‚ effective and equitable direct tax system which will facilitate voluntary compliance and help increase the tax-GDP ratio. Another objective is to reduce the scope for disputes and minimize litigation. It is designed to provide stability in the tax regime as it
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Singapore Corporate Tax Guide Singapore is often cited as the leading example of countries that continues to reduce corporate income tax rates and introduce various tax incentives to attract and keep global investments. Singapore has a single-tier territorial based flat-rate corporate income tax system. Effective tax rates as one of the lowest in the world and the general “business friendliness” of Singapore are the two important factors contributing to the economic growth and foreign investment
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Companies A company is a distinct legal entity with its own income tax liability. It is a popular structure for business‚ offering limited liability and certain taxation advantages. The annual reporting requirements are much higher for a company structure. The owner of a small business can only take income from a company structure as wages (director’s fees) or dividends. If the company operates a motor vehicle for the use of the owner (director)‚ Fringe benefits taxation will apply.
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