Afghanistan’s state-building and reconstruction agenda. International experience suggests that the larger the tax gap (the difference between the taxes actually paid and what should be paid according to existing laws and statutes)‚ the more radical are the changes needed. With a tax gap on the order of 60%‚ Afghanistan needs to adopt a comprehensive strategy including revamping of the tax administration in order to obtain significant improvements in compliance. Based on the more detailed analysis
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IMPACT OF TAX REFORMS SINCE 1991 Tax reform since 1991 was initiated as a part of the structural reform process‚ following the economic crisis of 1991. Direct Tax Reforms: 1. As per the recommendations of the TRC the personal tax brackets were only three‚ of 20‚ 30‚ and 40% starting in 1992–93. Financial assets were excluded from the wealth tax‚ and the maximum marginal rate was reduced to 1%. 2. Further reductions came in 1997–98‚ when the three rates were brought down further to 10‚ 20‚
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Tax is of two types Direct Tax and Indirect Tax. Direct Tax is the tax‚ which is paid directly by people to the government‚ while indirect tax is the tax‚ which is paid indirectly by people to the government. Income Tax is paid directly to the government therefore it is a direct tax while excise duty is paid by people to the manufacturer who pays it to the government‚ therefore it is an indirect tax. The Constitution of India (COI) has given power to levy tax to central and state government
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complete my research I looked at various articles and videos to really see what everyone thinks. The American voice to me is that we should be able to have freedom and we should have many opportunities to do what we want. In my opinion‚ I believe that Barack Obama is the best representation of America because he seems like he really cares about even the future of America. Being in American to me means that we have rights to be what we want to be. No other place has what America has‚ and that is life‚ liberty
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George Bush vs. John Kerry For the 2004 presidential election‚ Republican president George W. Bush is attempting to defend his post and reassure the American people that his political choices are the best for our country. His opponent‚ Democratic senator John Kerry believes that his political ideas will be better for a changing America. Four main topics debated on by the candidates are: Homeland Security‚ Civil Rights‚ Education (no child left behind)‚ and the Economy. The two candidates have
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the Election In the upcoming presidential election‚ the standpoints on many topics are opposites. Mitt Romney is the Republican‚ and Barack Obama is the Democrat. Their views on three things are very drastically different: same-sex marriage‚ abortion‚ and immigration. When it comes to same-sex marriage‚ Obama and Romney’s standpoints are very different. Obama has affirmed that he thinks same-sex couples should be allowed to marry. Romney on the other hand‚ thinks that marriage should only be
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Bush fires are one of major natural disasters in Australia( web). Bush fires are intrinsic part in Australian environment (bushfire book). The history of Australian bushfires spans over millennia from the primeval Aboriginal inhabitants. . The bush fires in Auatralian are not always bad news.. It is highly important to the local eco system in Australia. Bush fires can help to seed germinate‚ fertility of the soil‚ regrowth of plants.Especially‚ Aboriginal used bushfires as a tool of land management;
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when a new corporation is formed or may reflect additional capital contributions to an existing corporation. Without Section 351‚ a sole proprietorship or a partnership would have difficulty adopting the corporate form of organization for legal and/or tax purposes because the transfer of appreciated property would constitute a taxable transaction in a recognized gain. The deferral of gain or loss under Section 351 can be justified because the assets have merely been transferred to a corporation that
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Conduct Tax Audit – Part 1 Analysis of Certain Clauses Audit under Section 44AB of the Income Tax Act By Raman Jokhakar‚ Chartered Accountant Objective To understand the purposes of this Form To learn nuances of the clauses To understand audit risk To effectively carry out attestation To document adequately To disclose standard notes‚ limitations and stands To know inter links between clauses To be aware of important stands taken by Courts To understand the objective of the tax department
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the topic of tax fraud. We will begin by introducing the basic concepts of tax fraud. Secondly‚ this paper will also delve into some of the laws that have been passed as punishment for those parties that decide to commit tax fraud. We will also highlight some of the more current examples of tax fraud that have been committed and the details that lead to the perpetrators being caught. Lastly we will discuss the role that criminal investigators have in the realm of tax fraud. Tax fraud can be
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