The 3rd Accounting & The 2nd Doctoral Colloquium Bridging the Gap between Theory‚ Research and Practice : IFRS Convergence and Application Faculty of Economics Universitas Indonesia Bali-Indonesia‚ 27 - 28 Oktober 2010 TAX01 INFLUENCE OF BOOK TAX GAP TOWARDS EARNINGS PERSISTENCE AND FIRM VALUE FOR THE PERIOD OF 1999 – 2007 Dwi Martani Universitas Indonesia (martani@ui.ac.id) Debby Fitriasari Universitas Indonesia (dfsari@yahoo.com) Yulianti Universitas Indonesia (yuli.a@ui.ac.id)
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Economics Essay Questions 4a) Direct and Indirect taxes are two different types of tax that a government may impose in order to achieve some of its objectives. Direct tax is a tax on the earnings of consumers and producers such as an income tax. Indirect tax‚ however‚ is a tax on expenditure such as a Value Added Tax on all goods and services. The main difference between the two types of tax are that a direct tax is collected directly from the owner of it whereas an indirect tax is collected by
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Govt-2306-316 Review Paper 3 Taxation System in Texas Ad Valorem property tax is defined by Texas Politics Today as “a tax assessed according to value‚ such as the tax on real property and personal property”. The textbook further adds “most local government in Texas primarily tax real property”. Encyclopedia Britannica of Economic provides another view of Ad Valorem tax‚ as it is defined as “any tax imposed on the basis of the monetary value of the taxed item‚ physical units such as gallons‚ pounds
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to local‚ state‚ and federal governments. There is income tax that each citizen has to pay too the federal government. The Australian legislation has rules for people and companies to see if they are a foreign worker/company or a resident to figure out what their tax situation would be. They have double tax agreements with many other places all over the world so people/ companies do not have to pay taxes twice. Because they have double tax agreement they do offer a credit to people that are paying
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is having trouble‚ it could raise tax policies on the people‚ threaten to reduce the tax burden on the middle class by sacrificing education and health-care programs for everyone. Some people would like that idea‚ while others would not. To begin with‚ if there’s something that is being built and it costs a lot of money‚ the government relies on the people to pay taxes‚ to
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Since our President has enforced a system of healthcare in this country‚ every person is required to have health insurance. Since the government is involved in the business of healthcare then the government has an interest in the state of our health. If we don’t have the freedom to pick and chose our healthcare then maybe we are not so free after all. I don’t understand how the government has the right to force you to buy anything. If our country is already in debt‚ how can we afford to pay for everyone’s
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“The hardest thing in the world to understand is the income tax.” -Albert Einstein. Many lower class Americans feel they shouldn’t have to pay as much taxes as the upper class. A tax (from the latin taxo; “rate”) is a financial charge or levy imposed upon a citizen of a state or the functional equivalent of a state to fund public expenditures. It is not right for the American Federal Government to tax the rich more than everyone else to get America out of debt and to pay for our country’s needs because
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establish the value of work based upon a person’s abilities and skill set. • Make the state an employer of last resort to ensure that anyone who wants a job receives one. These jobs will serve community needs and be paid from a national‚ progressive income tax. The wage rate will be one half of the established poverty level. Jobs of last resort will require a minimum of forty hours per week of attendance on the job. • Adjust the number of hours in a work week inversely to the number of jobs
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undermined. Direct and indirect taxes Direct taxes are taxes on incomes‚ on profits and on wealth. The burden of a direct tax cannot be shifted onto another entity. Indirect taxes include taxes on goods and on expenditures. The burden of an indirect tax can be shifted onto a different entity. Progressive‚ proportional and regressive taxation The marginal tax rate is the percentage taken by the government on the last pound earned. It is the
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BUDGET 2013 - PERSONAL TAX The Finance minister of Singapore announced several budget initiatives in the Budget 2013 that aims to improve the lives of Singapore citizens. A number of changes were introduced which promotes progressive taxation‚ building a more inclusive society and encouraging quality growth. This Budget is very much focused on productivity and helping the lower income group as well as the elderly. Although there would not be any drastic changes in the personal tax rates‚ we could still
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