Tax avoidance is the legal usage of the tax regime to one’s own advantage‚ to reduce the amount of tax that is payable by means that are within the law. Tax sheltering is very similar‚ and tax havens are jurisdictions which facilitate reduced taxes. The term tax mitigation is sometimes used; its original use was by tax advisers as an alternative to the pejorative term tax evasion. "Tax aggressive" strategies fall into the grey area between commonplace and well-accepted tax avoidance (such as purchasing
Premium Tax avoidance and tax evasion Tax Law
Chapter 6 Tax matters 1、 Why have tax? The Collins Concise English Dictionary (1992. P 1383) defines the word “tax” as: “a compulsory financial contribution imposed by a government to raise revenue‚ levied on income or property‚ on the prices of goods and services‚ etc. and to levy a tax on (persons‚ companies‚ etc.)” (Clinton Alley‚ 2008). there are several reasons can explain the existence of tax: The main function of taxation is the fiscal one. It is through fiscality that taxes play their
Free Tax
Utilitarian Principles Barbara Lawson AUPHI208 Instructor Sorensen October‚ 20‚ 2014 Utilitarian Principles In this assignment the theory that was chosen will be the utilitarian that applies to our respecting the environment. The utilitarian theory is that of J. S. Mills and environmental ethics. Utilitarian supports the position is that human interests are no more important or if no greater moral concern than the interests of the worth or their intrinsic value. “Utilitarianism has
Premium Utilitarianism Ethics Hedonism
Explanation of the Utilitarian Ethical Theory There are many different ethical approaches that deal with the morality issues we face every day‚ but the utilitarian approach holds the feeling of morally belonging to a group and the lack of individualism that many others carry. It also can be a very cold approach for those who belong to the minority in a society. This is because the principle of utility says that “we ought to do that which produces the greatest amount of happiness or pleasure for
Premium Utilitarianism Ethics John Stuart Mill
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
Premium Tax Internal Revenue Service Taxation in the United States
COMPARE UTILITARIAN AND DEONTOLOGICAL THEORIES Utilitarianism is the idea that the moral worth of an action is determined by its usefulness. In maximizing utility and minimizing negative utility‚ in short it can be defined as pleasure minus pain. Deontology means duty or obligation. This theory was founded by a German philosopher‚ Immanuel Kant (1724-1804). According to Kant‚ it is the only way of making moral decisions. Another definition for deontology is that it is an approach to the justification
Premium Ethics Morality Utilitarianism
government losing money from tax avoidance. The BBC reported that some multinational companies use tax avoidance strategy to decrease the tax. It seems like these companies are lack of corporate social responsibility. However‚ tax avoidance does not equal to tax evasion. Some individuals assert that the government should publish a new policy to stop tax avoidance. While many others argue that it is blameless economic activity in the economic market to reduce the tax. Personally‚ I am in favor of
Premium Corporation Tax Tax haven
This assignment will provide an overview of the main justifications for punishment and essentially discuss the moral and political arguments for and against punishment. A constant theme that will run throughout will be the Utilitarian philosophy of punishment. Utilitarianism is forward-looking and therefore seeks to prevent the reoccurrence of crime. This is generally achieved through Deterrence‚ Rehabilitation and Incapacitation with all too some extent playing a vital role in the criminal justice
Premium Utilitarianism Criminal justice Criminology
FINAL WEALTH TAX Accepting the recommendations of N. Kaldor to introduce “integrated direct tax system” in India‚ Wealth Tax Act‚ 1957 was enacted. The Act was amended from time to time. The major objective of wealth tax has been attainment of equity objective of tax policy because wealth is considered as the major source of inequalities. The wealth taxation in India is applicable to all citizens of the country and is also called the wealth tax act‚ 1957. This is also considered to be direct
Free Tax Taxation Progressive tax
WHAT IS TAX PLANNING ? Tax planning is an essential part of your financial planning. Efficient tax planning enables you to reduce your tax liability to the minimum. This is done by legitimately taking advantage of all tax exemptions‚ deductions rebates and allowances while ensuring that your investments are in line with your long term goals. Tax-planning amounts to making investments or contributions in line with prescribed guidelines that lead to reduction in tax liability. Simply put‚ the tax liability
Premium Tax Taxation in the United States Taxation