FCT v Bargwanna [2012] HCA 11 (29 March 2012)1: A case on the taxation and administration of charitable trusts Overview of income tax exemption and charitable entities What is income tax? The answer may be simple. Further‚ basic understanding on definition of income is capable of answering why a charitable entity has optional privileges in its income tax obligation. The main reason for this special treatment is because its ’nature of charitable purposes’ arguably reflects its non-profit orientation
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Criticism on historical cost accounting 1. Inability to provide useful information in times of rising prices * Assumes that money holds a constant purchasing power‚ so the result become irrelevance in times of rising prices * Received much criticism during high inflation periods of 1970s and 1980s. * Obvious flaw in time of rising prices. 2. Real problem of additivity * Some countries allowed revaluation of non-current assets and the different assets are revaluing
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Telewizja Wisla Case Questions to answer TVW was originally founded by Szczerba and his wife Balinska with their financial adviser Claire Hurley. The founding idea of TVW stemmed from a growing media viewership and a rebounding Polish economy. Prior to the formation of TVW‚ the media market was dominated by government owned Public Television Poland (TVP). In 1993‚ the government enacted legislation which enabled the commercialization of the television and radio station markets. This was the
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My major is Health Care Administration‚ after graduation‚ I would like to upgrade my current position as department registrar to HCA Registrar for Duke Health Care System. The Affordable Care Act‚ is a U.S. federal statute enacted by the 11th U.S. Congress‚ signed into law March 23rd‚ 2010 by President Barack Obama. Notably‚ this national policy will mostly affect my future position is the Affordable Care Act‚ (ACA)‚ which will cut federal Medicaid spending over the next decade. Presently‚ the
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9-205-058 REV: AUGUST 19‚ 2011 MALCOLM BAKER JAMES QUINN Berrkshire e Partne ers: Bid dding ffor Cartter’s In the spring of o 2001‚ Bostton-based priivate equity firm Berkshiire Partners w was considerring a levera aged buyout (LBO) of the William Cartter Co.‚ a lead ding producerr of infant‚ baaby‚ and child dren’s apparrel in the Un nited States. Berkshire B Parrtners‚ which h had extensiive experiencce investing iin the retail and manufaccturing sectorrs‚ was initia ally drawn to o Carter’s
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Financing G. Syndicated Loans (SNCs) V. Long-Term Loans to Business Firms A. Term Business Loans B. Revolving Credit Financing C. Long-Term Project Loans D. Loans to Support the Acquisition of Other Business Firms-Leveraged Buyouts VI. Analyzing Business Loan Applications A. Most Common Sources of Loan Repayment B. Analysis of a Business Borrower’s Financial Statements VII Financial Ratio Analysis of a Customer’s Financial Statements A. The Business Customer’s
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superfund site‚ the businesses that had made so much money at the expense of the Quapaw tribe were not held responsible and the government attempted several half hearted clean up attempts to sweep the issue under the rug. When eventually they had to buyout the town they did it as cheaply and quickly as possible with clear prejudice against the Native Americans still in Picher. The government did a good job of keeping the issue quiet and the people of Picher became discouraged and accepted their defeat
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a. GENERAL CONSIDERATIONS (1) Topic: Measures of Performance (MOP) and Measures of Effectiveness (MOE) (a) Discussion: During MEDCAP and DENCAP missions there is a need for an appropriate matrix to ascertain measures of effectiveness. Due to the fact that from one PHIBLEX to the next we do not revisit prior sites there is no way to adequately determine the measures of effectiveness that the MEDCAP/DENCAP had on the overall health of the population over a period of time. MOE’s in the Philippines
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Case 3 :Maytag Corporation 2002:Focus on North America Questions: Does Maytag Corporation have what it takes to succeed in this increasingly competitive industry? Is this a good time to buy or to sell Maytag stock? Answer: I would like to start the answer of this question through a small summary which will show how and why these questions are appeared? and since‚ giving precise answer to the questions need a detailed environmental analysis ‚so I try to explain internal and external
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Harley History Harley Davidson was seen in America as a company that produced motorcycles with “raw power.” The company was founded by Arthur and Walter Davidson and William Harley in 1903. In 1918‚ Harley Davidson had become the largest motorcycle producing company in the world. Their production totaled 28‚000 motorcycles. Production continued to increase with the onset of World War II and the military use of Harley’s motorcycles. The mystique of the product had a tough sense to it with
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