THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF LAW ON ENTERPRISE INCOME TAX NO.14/2008/QH12 AND GUIDELINES ON IMPLEMENTATION OF DECREE NO.124/2008/ND-CP DATED DECEMBER 11‚ 2008‚ DECREE NO.122/2011/ND-CP DATED DECEMBER 27‚ 2011 OF THE GOVERNMENT DETAILING THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF LAW ON ENTERPRISE INCOME TAX Pursuant to the Law on Enterprise Income Tax No. 14/2008/QH12 dated June 03‚ 2008; Pursuant to the Tax Administration Law No. 78/2006/QH11 dated November 29‚ 2006; Pursuant
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Topic The introduction of a carbon tax in Australia would have implications for economic and environmental sustainability. Obviously in the longer term the aim of the tax is to promote environmental sustainability but in the short term there will be implications for economic sustainability for a range of businesses and households. Using a range of current sources including reports and newspaper articles discuss the short and longer term implications of a carbon tax for the tourism and hospitality sector
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Introduction Just as death and taxes are certainties in this world‚ so are ways and means to minimize if not eliminate altogether one’s tax liabilities.Attempts to escape the tax net may take any one of two forms: tax evasion and tax avoidance. Tax evasion may be defined as the act of reducing taxes by illegal or fraudulent means.1Common practices of tax evasion include: under-reporting of income‚ over-statement of expenses‚ use of fictitious receipts‚ the keeping of double sets of books‚
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Tax Return Position Terrence Bellamy ACC/455 – Corporate Taxation April 15‚ 2013 John Nadalet Tax Return Position What position should you take on tax return? Decision-making is loosely defined as the cognitive process or reaching or making a certain choice based on physical‚ mental‚ and emotional reasoning. (“Define Decision Making”‚ 2013.) I have found myself making several decision on tax returns every year‚ some small‚ and others large and life altering. People can found themselves seriously
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taxed is always an issue. The current tax system that the United States uses contains several flaws. First of all‚ it is very complex. It is comprised of many various variables that can create loopholes. These loopholes can cause two equal income families to be paying very different tax rates. In fact‚ there are 480 different types of tax forms (Website). The current tax system is also very unfair for the wealthy. Because it is a progressive tax‚ it is higher for people who have higher
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Service Tax Service Tax is a form of indirect tax imposed on specified services called "taxable services". Service tax cannot be levied on any service which is not included in the list of taxable services. Over the past few years‚ service tax been expanded to cover new services. The objective behind levying service tax is to reduce the degree of intensity of taxation on manufacturing and trade without forcing the government to compromise on the revenue needs. The intention of the government
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rules. Nowadays‚ nevertheless‚ the payment of zakat has become issue to the payers. Basically‚ the payers in Malaysia have an obligation to pay zakat as well as income tax. Although the zakat payers may receive deduction of tax payment due to zakat amount‚ there are some thought that their obligation to pay is on income tax while zakat in only a voluntary form to the individual. As a result‚ some of them refuse to pay zakat regardless of their religion rules. In a nutshell‚ the issue would rise
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Definition of Tax “Taxes are compulsory payment to government without expectation of direct return in benefit to the tax payer” According to section 2 (62) of the ITO (Income Tax Ordinance) 1984: “Tax means the income tax payable under ordinance and includes any additional tax‚ excess profit tax‚ penalty‚ interest‚ fees or other charges leviable or payable under this ordinance.” Characteristics of Tax i. Tax is a payment to the government by the people. ii. Payment of taxes is non-penal
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2. Why is there little tax evasion in Singapore or any other country of your choice? Is it because Singaporeans fear state punishment or because they are satisfied with the performance of the state? Or is there any other explanation? Which explanation(s) do you find most persuasive? Why? Tax evasion‚ the illegal negligence in taxpaying and misrepresentation of tax returns to reduce one’s tax liabilities‚ is at a low level in Singapore. With Singapore’s strong tax enforcement‚ Singaporeans fear
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SC 2279: (1977) 4 SCC 98: 1977 SCC (Tax) 536 Decided On: 31.08.1977 Bench: 7 Judge Bench consisting of the following Justices of the Supreme Court of India: Chief Justice M. Hameedullah Beg.‚ Justice N. L. Untwalia‚ Justice P. N. Bhagwati‚ Justice P. S. Kailasam‚ Justice S. Murtaza Fazal Ali‚ Justice V. R. Krishna Iyer and Justice Y. V. Chandrachud. Brief facts of the case: The case dealt with the constitutionality of a certain pattern of sales tax legislation‚ calculated to counter
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