countries: the use of incentives and promotion agencies‚ 2007 Hines J.‚ “Tax Sparing and Direct Investment in developing Countries”‚ NBER Working paper‚ N. 6728‚ September 1998 Honest P IMF (1985). Foreign Direct Investment in Developing Countries. Occasional Paper 33‚ IMF‚ Washington D.C. Jacques Morisset‚ Tax Incentives‚ Public Policy for the Private Sector‚ The World Bank Group‚ February 2003 Jacques Morisset and Neda Pirina‚ How Tax Policy and Incentives Affect Foreign Direct Investment‚ A Review (2000)
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The Justification for a Soft Drink Tax The Coca-Cola brand has built itself into a staple of American culture. This is a terrifying thought for public health advocates who see Coke and other soft drinks as being major culprits behind a growing national health crisis. Empirical evidence shows that over-consumption of soft drinks clearly causes harm to the individuals who consume them‚ however‚ the waging battle over soda legislation will not be won on the grounds of health alone. The argument that
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Objectives of Lecture : At the end of this lecture‚ you should be able to: understand the ordinary concepts of income; | | THE ORDINARY CONCEPTS OF INCOME What is Income? The assessable income of an entity for a year of income includes the ordinary income of an entity and the statutory income of the entity for that year (Section 6-1 ITAA (1997)). Ordinary income is income according to ordinary concepts. The courts have had to determine what is income according to
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company‚ investors want to make sure the company is well managed. Because the differences between effective tax rates of companies of equal size that perform similar functions in the same geographical region are generally due to managerial decisions‚ a company with the lower effective tax rate could have the better administration and therefore be a better investment. The statutory corporate tax rate is the rate that is imposed on taxable income of corporations‚ which is equal to corporate receipts less
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Corporate Tax Chapter 5: Complete Liquidations (Textbook: Corporate‚ Partnership‚ Estate and Gift Taxation (2013 Ed.) by Pratt‚ Kulsard) I. Introduction • Ch. 3 & 4: distributions of property and stock as well as those relating to redemptions and partial liquidations o Corp. continues to operate all or part of its business • Ch. 5: complete liquidation • Reasons: o Business’s profitability‚ or lack thereof‚ no longer justifies continuing the corp. o Shareholders simply seek the corp’s
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Progressive Tax vs. Flat Tax The United States economy‚ as known by all‚ is not in its best shape. One way in which the government gains money is by imposing taxes on people. There are many taxes that are placed on different things that everyone needs or already has. The United States uses a taxation system which is criticized by many. The system used in Progressive Tax; however‚ many people believe the system of Flat Tax‚ or Proportional Tax‚ should be the system that is used for taxing
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4 PRINCIPLES OF TAX INTRODUCTION TO TAX LAW A. Origins of Taxation - Taxation is not a modern concept‚ and dates back to the Roman Empire: ▪ Emperor Caligula set a disturbing trend as a tax collector by imposing taxes on food‚ court proceedings‚ wages of porters‚ prostitutes and even marriage. - 1770’s ( Pitt and Lord North believed that newspapers were luxury items and constituted appropriate fiscal targets. A stamp duty was placed on newspapers‚ which was later increased to
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Implementation of the Goods and Services Tax (GST) in Malaysia Deputy Finance Minister‚ Datuk Donald Lim Siang Chai has informed that there is no specific date for the implementation of the GST. The Government will be holding a series of roundtable discussions in the mid 2012 to gather more feedback and suggestions from the business community‚ chambers of commerce‚ non-governmental organisations‚ economists‚ tax experts and manufacturers on the implementation of the GST. These discussions would provide
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To what extent does tax evasion affect the society? Word counts: 1510 words Introduction: The importance of the revenue to a country is well known in the world. The global financial system has more interconnections now than at any other time in history. (Simser.J‚ 2008‚ p.131). Tax evasion is one of most common crimes that damage the order of revenue. This is closely affecting the market economy and daily lives. Normally‚ most commentators consider tax evasion profoundly unethical
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* Flat tax in other countries In a distinct development‚ former communist counties are leading a global tax reform revolution. For instance‚ Estonia was the first country which adopts a flat tax. The tax rate was a 26 percent in 1994‚ started after the collapse of the Soviet Union. Latvia and Lithuania followed shortly after Estonia using flat tax system in the mid-1990s. Latvia picked a 25 percent rate and Lithuania chose a 33 percent rate. Russia’s government discovered the benefit about the flax
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