"Tax" Essays and Research Papers

Tax

William Pittman 10/14/14 Writing COMP – Han To Tax or not To Tax Two authors by the names of Paul Krugman and Fred E. Foldvary have varying opinions on the topic of taxing the rich. The debate they’re writing about is whether or not the US should increase the tax burden on the rich. Foldvary states in his “The Evil of Taxing the Rich” article that there are a lot of negative affects that would come along with taxing the rich. Mainly, he says the rich are paying a much larger percentage of federal...

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To Tax or Not to Tax

To Tax or Not to Tax: The Problem of America Money, like a cookie, is something everybody wants, and when it is gone a person blames everybody else for its absence; realizing later they were the one to consume it in the first place. Taxes, since the beginning of an organized economy, have been argued over for centuries. At the end of 2012 after surviving the “end of the world,” tax payers were faced with another apocalyptic situation, the Fiscal Cliff. It had the potential to raise taxes to outrageous...

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Fat Tax

“Fat Tax” Imposing a fat tax on saturated fat, junk foods, sodas, etc. would be best because of many health and money related issues that it could possibly solve. A fat tax could help control many health problems the United States is facing today by giving some incentive to buy healthier foods. Taxing these certain foods may help control the way people eat and in turn change lifestyles to much healthier ones than there are now. The healthier lifestyles would help lower the amount of money spent...

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soda tax

Soda Tax: The Beginning of the End The government plans to tax sugary drinks to lower consumption and reduce obesity rates. It is a tax that is justified, because a high majority of its consumers are obese and our government believes they should step in and do something about it. There are positive aspects of a soda tax, but it would also be a violation of freedom of choice, with many other red flags as well. The government simply, has too much involvement with our personal lives. Placing...

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tobacco tax

Tobacco tax: good for health, good for government finances Tobacco use kills over 5 million people each year and is the largest single preventable cause of premature death.1 Tobacco is very costly to society through high costs to treat tobacco-induced disease or through loss of productivity as a result of the premature deaths. But governments have a tool to combat the costs of tobacco use — tobacco taxation. Higher tobacco prices decrease consumption and encourage people to quit Increasing...

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Income tax

when a new corporation is formed or may reflect additional capital contributions to an existing corporation. Without Section 351, a sole proprietorship or a partnership would have difficulty adopting the corporate form of organization for legal and/or tax purposes because the transfer of appreciated property would constitute a taxable transaction in a recognized gain. The deferral of gain or loss under Section 351 can be justified because the assets have merely been transferred to a corporation that...

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Tax Exam

withdraws $33,000 from the partnership during the year. What are Beth’s and Tom’s bases at the end of the year? Tom – 26100 Beth - 51900 4. Shanana Corporation has the following income and expense items for the current tax year: Dividend income received from 60%-owned domestic corporations $100,000 Net income from operations 30,000 What is the amount of the dividends received deduction? 80%*100,000 = 8000 80%*30,000 = 2400 8000-2400 = 5600 5....

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Fat Tax

Disagreement on Tax for Fatty Foods There is an important question that has been brought out to many people’s attention. The question is should the government imply a tax for fatty foods? In the article titled, "why a fat tax will have no effect on obesity levels” Lefever state, “Taxes on smoking and drinking do not change the behavior of nicotine addicts or alcoholics.” (Why a fat tax). Lefever is trying to say with this is no matter what is done to prevent something as long as a person...

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Tax Memorandum

Tax file memorandum Subject: Profit or Loss from business I. Facts: In early 2010, Walter Hodges became interested in the real estate market so he initiated his investigation into the real estate market. Mr. Hodges intended to acquire real estate with the intentions for investment or rental. Mr. Hodge has no previous knowledge or exposure to any real estate rental or investment industry. As a result, Mr. Hodges began in Spring 2010 to advertise and expose his business through...

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Tax Memorandum

created entirely for public purposes. Section 170(f)(3) of the IRC disallows deduction in the case of certain contributions of partial interest in property. Similar to Mr. B. Potato’s plan, in Rolfs v. Commissioner, 668 F. 3d 888 (7th Cir. 2012), the Tax court denied a charitable contribution deduction to taxpayers who donated the use of their home to a local fire department under the conditions it be burned down as part of training exercises, enabling the couple to build a new house in its place. ...

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Tax Paper

recognized gain of (Points : 2) |        $0        $50,000.        $100,000        $80,000 a) The mortgage is not in excess of the property's adjusted basis and not indicative of a tax avoidance motive, therefore no gain is recognized.Page2-22, 2-23 | 6. Yenhung, who is single, forms a corporation using a tax-free asset transfer, which qualifies under Sec. 351. She contributes property having an adjusted basis of $50,000 and a FMV of $40,000. The stock received from the corporation is Sec....

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Tax Avoidance and Tax Evasion

Tax Avoidance Analysis Tax Avoidance is a legally manipulation for the corporations to lower their tax bill by structuring transactions, is also called tax planning. Different with Tax Evasion, the Tax Evasion is Criminal and completely illegal. And in generally, company which have more profit should have higher tax rate, but with the growth of the company, many tax avoidance strategy were used by management as result of minimize the tax bills and also without obey the law, There are 3 strategies...

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KPMG Deferred Tax Issues

KPMG Deferred Tax Issues: Valuation Allowance Issue 1: Conclude on the appropriateness of the engagement team’s decision for valuation allowance. 1. Clarify Issues & Objectives ASC 740-10-05-5 defines a deferred tax asset as: A deferred tax asset is measured using the applicable enacted tax rate and provisions of the enacted tax law. A deferred tax asset is reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all...

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The Uk Tax System.

The UK taxation system relevant to the typical tax paying resident within the UK consists of Income tax, Corporation tax and Capital Gains tax. In the past tax payers have tried to ‘evade’ paying tax, with some ludicrous plans to keep their own personal taxes to a minimum, if not have a tax liability in the negative. This is partly why the UK Government has had to implement tax laws to maintain and clarify the structure of the taxation system within its policies. The system relies on a number of...

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Cigarette Tax in America

Channel Four News Team | Effects of Cigarette Tax In America | Cigarette Tax | | Justin Hochstetler, Rachel Krug, Robbie Mostek, Randi Westervelt | 12/5/2011 | | Cigarette Consumption What are the economic impacts of cigarette taxes on producers, consumers, and government in the United States? The motivation of the study is to find out whether cigarette taxes really decrease consumption. If they don’t, what are the possible alternative solutions to decrease consumption? Lastly...

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Economics Tax Incidence

Does it matter for tax incidence if the same amount of tax is imposed on buyers or sellers? If not, then what does matter? Introduction: Throughout my essay I intend to discuss how a tax on sellers or buyers affects the proportion of the tax each one will pay, this overall issue known as tax incidence will be discussed. The effects of elasticity (both perfect inelastic and perfect elastic) of demand and supply will be discussed and how they affect the division of tax between the buyer and...

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Sin Tax Bill

President Benigno Aquino 3rd on Thursday signed the sin tax bill into law. The new law is expected to raise an additional P33.96 billion during the first year of implementation. In his speech, the President said that the new law was an early Christmas gift for the Filipinos as its revenues will be used to expand the government’s healthcare program and will be spent for tobacco farmers’ livelihood. “Sa araw pong ito, nilagdaan natin, sa wakas—ulitin ko lang po, sa wakas—ang isang batas na...

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Tax planning for corporate liquidation

 Tax planning for corporate liquidation The Tax reform act of 1986(TRA) made significant changes to tax provisions which had influence on corporations. One of the most important changes was the deletion of the General Utilities doctrine; under a plan of complete liquidation it had given a tax relief for appreciated assets distribution. This essay illustrates tax law changes about corporate liquidations and suggests some tax planning strategies to mitigate the influence of TRA. ...

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Bush Tax Cuts

and the Bush Tax Cuts A and B” 1. The Tax Cut of 2008: * As a business person, would you have wanted your congressman to vote for the tax cut of 2008. As a business owner I would have wanted the tax cut of 2008. At this time the economy was stalling, we were still at war, and consumer spending was starting to slow. With the uncertainty of the future with a new president, I would have wanted the tax cut. After reading and learning about the impact that the 2008 tax cut had on revenues...

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Junk Food Tax

Junk Food tax is defined as“taxing less nutritional value food such as sugary pop while food with high nutritional value will not be taxed.” (Rupert Taylor, 2009). Junk Food is generally consumed by people with a wide range of ages, a majority of children, adults or even elderly love consuming junk food. It is likely to say that junk food contains quite a lot of fat and food additives which have low nutritional value and bad to our health. Research appears to show (Dr. Michael Booth, 2009) that the...

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What Is Sin Tax Bill ?

I. What is Sin Tax Bill ? A sin tax is a kind of sumptuary tax: a tax specifically levied on certain generally socially proscribed goods and services, for example alcohol, tobacco and gambling. Sumptuary taxes are ostensibly used for reducing transactions involving something that society considers undesirable, and is thus a kind of sumptuary law. Sin tax is used for taxes on activities that are considered socially undesirable. Common targets of sumptuary taxes are alcohol and tobacco, gambling...

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Sin Tax Law

taxed differently from new ones. * Because of multi-tiered tax structure, smokers tend to prefer cheaper cigarette brands. According to the statistics provided by the Bureau of Internal Revenue (BIR), consumers downshifted from medium-priced cigarettes to low-priced cigarettes. In the case of alcohol, consumption of low-priced beers ballooned from less than 40% in 1994 to more than 70% in 2010. * As tax is affected by inflation, tax burden decreases due to lack of price indexation. * The...

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Sin Tax Law Articles

Articles about Sin Tax Law Sin Tax: For better or for worse? AFTER months of deliberations, the senate has finally approved the sin tax bill. Just days before Christmas it will be signed by the President Benigno Aquino III and will soon become a law. A bill that seeks to impose higher taxes on tobacco and alcohol products. While waiting for this day people are now wondering what could be the effects of this bill. With the question “Is it for better or for worse?” FOR BETTER? • This bill is expecting...

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Tax Evasion

Tax evasion Definition Tax evasion is an unlawful practice which has the effect of reducing the government revenue needed for the provision of infrastructure, public services and public utilities. (Otosanya , 2009). Spicer (1975) also stated that, tax evasion “ tax evasion result in a loss of tax revenues, impair the chances of realizing the distributional or equity goal of taxation, and if they become widespread, as they have in recent times, then more tax payer, may lose faith in the tax administration...

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Fat Chance for the "Fat Tax"

Fat Chance for the “Fat Tax” Our bodies and what we put into them is our own business unless someone else is harmed in the process. I can understand a tax on drinkers and smokers because drinkers can harm others when they get behind the wheel of a car, and secondhand smoke is a killer of many, but a tax on what people eat is preposterous. People are still going to eat junk food no matter what the cost is; look at smoking, the price of cigarettes keeps going up but people continue to buy them...

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Tax Ethical Case

one of the most important clients at B&C is stressing to the firm that he wants the firm’s expertise to help reduce taxes on his accounts. Peter, a tax partner who is a more inclined risk taker has taken on the project, but his methods are proving to be illegitimate. He is claiming that top clients do not need third party verification on their tax information when other clients are required to have this verification. Jessica has looked at the past files and found major discrepancies that would only...

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Tax Cheat Sheet

Luk’s Tax Cheat Sheet Types of Income and Net Income: Segment A: Employment Income, Business Income, Property Income, Other (alimony) Segment B: Taxable capital gains less allowable capital losses  either + or zero Segment C: Other deductions ie. RRSP contribution, moving expense, etc. Segment D: Employment, business or property loss; allowable business investment loss Employment Test: Control Test: An employer has the right to tell an employee what to do, when, and how Ownership of Tools:...

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SIN TAX LAW

 RATIONALE FOR STATE INTERVENTION AND PUBLIC POLICIES “Tobacco is the only industry that produces products to make huge profits and at the same time damage the health and kill their consumers.” - Margaret Chan, n.d. The controversial Sin Tax Bill was approved and became a law when the Philippine President, Benigno S. Aquino III signed the Republic Act No. 10351 on December 19, 2012 after the long sixteen (16) years hot debate in the Legislative branch of the Philippines. This issue has...

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Tax Havens

TAX HAVENS DEFINING Tax Havens • Def 1:A tax haven is a country or territory where certain taxes are levied at a low rate or not at all. • Def 2: Tax haven or fiscal paradise are terms used to refer to a jurisdiction which enables its foreign residents or companies to reduce their tax liabilities from their homelands. • Def 3: "What ... identifies an area as a tax haven is the existence of a composite tax structure established deliberately to take advantage of, and exploit, a worldwide...

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Tax Return for Jake Wells

2012 Tax Return and Issues Memo Prepared For: Jack Wells Issues and Questions for Jack Wells’ 2012 Tax Return As preparers for Mr. Wells’ 2012 Tax Return our team made several assumptions, some of which would require further input from Mr. Wells. We also ran into some opportunities for tax planning for Jack. This memo outlines those assumptions, questions, and opportunities. The following is a list of assumptions broken down by IRS Form or Schedule: Schedule C Part I For Line 1 our group...

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Tax Avoidance

TAX AVOIDANCE -By Ramesh Badhri Narayan(12741880) Vijayakumar Muniyandi (12741572) Punjabi Nikhil Prakash (12744129) LIM QI CHONG (12782025) Koundompalayam Jagannathan Meignanam(12742198) 1.0 Tax Avoidance:- An Arrangement where the intention is to avoid or defer tax obligations. Various means of approach- from mass marketed (advertised to general public) to specialist financial arrangements offered directly to investors. Certain Schemes can be camouflaged as legal financial...

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Tax Haven

TAX HAVEN Index Definition and characteristics of Tax Haven Page 2 Tax Haven Criteria Page 5 Particularities of some tax havens Page 7 Evolution of the Spanish Tax Law Page 11 1. Definition and characteristics of Tax Haven Probably most people have heart about tax havens, but maybe there are confusions about the exact meaning of this concept. So on, we consider important to define a tax haven in order to have a clear idea. What identifies an area as a tax haven is the existence...

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Tax Administration and Tax Planning

A taxpayer's average tax rate is determined by dividing the total tax paid by the total income of the taxpayer. A) True B) False Beginning in 2011, all paid tax return preparers must sign up with the IRS, pay a fee, and obtain a preparer tax identification number. A) True B) False 22. Taxpayers who are unable to pay their taxes may enter into a payment plan with the IRS if the amount they owe is within certain limits. A) True B) False 23. At which of the following IRS...

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Tax Research Case

Tax Research Case Travel expense deduction A551 fall 2012 December 4, 2012 I. Facts The tax payer, Miss Teecher, is a teacher who teaches Latin American in high school for 4 years. She is 28 years old and single. She plans to have a travel to South America from June 4 to June 11 through the local university. She thinks it is a business travel since it can enhance his teaching abilities. She plans to spend about 2,000USD during the trip. She wants to take 2 days to have sightseeing. Her...

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Tax Auditor

the report is an exploration of a career option and a Tax Auditor at Canada Revenue Agency. The purposes of this report are to not only prepare myself for the position by examining and learning but also introduce a different field of work to colleagues All residents in Canada must pay a tax and Canada Revenue Agency (CRA), formally known as Revenue Canada, is a federal agency that has as its main function the administration of Canadian tax laws for most of the provinces and territories of Canada...

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Sin Tax Bill

SIN TAX BILL MANILA, Philippines—A “sin tax” on cigarettes and alcohol dampened the New Year party spirit when it was introduced in the Philippines Tuesday, as part of a government bid to boost finances. Many stores started selling tobacco and drink at inflated prices before midnight, ahead of the official implementation of the tax hikes on January 1, hitting partygoers in the pocket. Tax on cigarettes will gradually be raised to P30 ($0.72) per pack by 2017, roughly doubling the current price...

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Impact of fat tax on Australian economy

this, there has been speculation over whether to introduce a fat tax. This tax would specifically target foods high in fats and sugars, such as; soft drinks and deep fried takeaways. The logic behind such a tax is that an increase in price would lead to decrease of demand similar to that of the alcohol and cigarette taxes respectively, in order to improve our country’s health as a whole. The advantages and disadvantages of the fat tax can potentially help foresee the effect on the Australian economy...

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tax on junk food

Should There Be a Tax On Junk Food? What would it be like to see a healthier, skinnier world? A world were more of the population exercised. People choose to eat well balanced meals instead of greasy, fattening foods. Where it would be easier to afford the more healthy foods and not the fast foods all the time. Junk food should be taxed because the rate of obesity is rising rapidly, so people need to choose their foods more wisely...

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Tax Structue

Assignment 4: Tax Structure Julian Hoggard Strayer University PAD 505 Public Budgeting and Finance Dr. William H. Kraus Dec. 2, 2012 Habitat for Humanity is a non profit organization that uses volunteer labor, donated materials from churches and other organizations to build new housing for low-income families. Habitat for Humanity has built over 45,000 homes throughout the nation and over 150,000 homes worldwide. The goal of the organization is to eliminate poverty and homelessness...

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Import Tax Strategy Plan

about $30 million in trade with the Chinese market, a 75% import tax would consume $22.5 million of that leaving us with $7.5 million profit in that market. This option would grant our company $27.5 million in annual profit, which is better than the first option stated above at $20 million annual profit. If we decided to continue trade with China as normal, we should consider exploring the idea of sharing the cost of the import tax. (Export Gov, 2012) I recommend reviewing our contracts with the...

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Tax Essay

relevance of Adam’s Smith canons and justify what other attributes I believe a good tax system should have. Formally, tax is defined as an involuntary fee enforced by the government in order to finance its activities. However, some perceive tax as the price we pay to live in a civilised society and it is a fundamental part of any developed economy. (Oliver Wendell Holmes) From my point of view, the purpose of tax is to fund the government, incentivise certain behaviour in order to achieve economic...

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Tax Avoidance

* * Part A: Tax Avoidance and evasion Introduction According to Hyde (2010) tax evasion cost the UK treasury over £15 billion annually. This is approximately 3% of the total tax liabilities that individuals and organisations are meant to pay to the Her Majesty Revenue and Customs (HMRC). While an estimate of £25 billion is lost through tax avoidance annually (Murphy, nd). These are huge sums of money that could go a long way to help the government reduce the national deficit or could...

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Income Tax

University of Central Punjab * Assignment: Income tax return filling * Presented to: Prof Imran Shehzad * Presented by: Sami Elahi * Registration number: L1F11MCOM2077 * Date: 12-01-2013 Question (Case study) Tax year 2013 Mr. Sami is employee of a private company with following emoluments’. * Basic salary 60,000 PM * Medical allowance 8,000 PM * House rent allowance...

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Tax Memo - Deduction of Swimming Pools

Tax Research Memo http://www2.gsu.edu/~accerl/home.html Your Firm October 19, 2011 Relevant Facts Joe, CPA reimburses a client for a $75,000 tax liability that is traceable to Joe’s ineffective tax advice. For fear of increasing his malpractice premiums, Joe decides not to file a claim with his insurance company. Specific Issues How much, if any, of the $75,000 paid to the client can Joe deduct using either causality loss or business expense? Conclusions Joe may not deduct...

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Tax Evasion

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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Tax avoidance within multinationals

Contents 1. Introduction………………………..….…………………………………………………2 2. Tax avoidance is not immoral………………………………………………………….2 3. Disapproving of the justifications of tax avoidance.…………………………………3 4. Other moral issues......………………………………………………………………….3 5. Conclusion.………………………………………………………………………………4 Reference list……………….……………………………………………………………….5 1. Introduction In the currently highly-integrated world some businesses are successful and big enough to become multinational...

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Tax and Gearing

W22Extra: Tax and Gearing: More Questions Multiple Choice 1) Which of the following statements is false? A) In general, the gain to investors from the tax deductibility of interest payments is referred to as the interest tax shield. B) The interest tax shield is the additional amount that a firm would have paid in taxes if it did not have leverage. C) Because Corporations pay taxes on their profits after interest payments are deducted, interest expenses reduce the amount of corporate tax firms...

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Tax Planning

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...

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Tax Fraud

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...

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Tax Return

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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Argument for a Harmfulness Tax Article Critique

AHMET KAHVECİLER 210112342 UNI 123 DR. YONCA BURSALI Article Critique of “Arguments for a Harmfullness Tax” In the article, “Arguments for a Harmfulness Tax” Lester Grinspoon and James B.Bakalar argue that using drugs is similar like tobacco and alcohol. Using drugs would be taxed with respect to communal cost. Varieties of causing addiction drugs are detrimental and have bad effects. They portray the act that using drugs should be allowed and insurance service is necessary for drug users. ...

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Income Tax

INCOME TAX NOTES Residential Status and Incidence of Tax According to Section 5 of the Income Tax Act the scope of total Income of an assessee depends on his residential status.On the basis of residential status assessee are classified under the following two categories: 1. Resident 2. Non-resident. As per as resident individuals and Hindu Undivided Families are concerned, they can be further divided into two categories: 1. Ordinarily Resident 2. Not ordinarily Resident. Residential...

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tax avoidance

The goal of report is going to analysis the facts and use appropriate information to conclude whether there has been a tax avoidance arrangement, and also to outline the effect on a taxpayer if the tax avoidance arrangement exists. In order to meet the goal, this report followed steps from Draft Interpretations Statement to prove my opinions. Law: BG 1, YA 1, GA 1 of Income tax 2007, Penny and Hooper v Commissioner of Inland Revenue (2011) 3 NZTR 21-014. Ben Nevis Forestry Ventures Ltd & Ors...

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Tax Treatment of Gambling Loss as in Tschetschot Case

Abstract In Tschetschot v. Commissioner, 93 TCM 914 (2007), the tax court ruled that taxpayer’s losses from participating in tournament poker were limited to the amount of her winnings. The court held that tournament poker is, despite its differences from other types of poker, essentially a wagering activity and therefore should not be treated differently from other forms of gambling for tax purposes. The court also rejected the taxpayer’s equal protection argument to treat tournament poker as sports...

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Tax Avoidance

There is a very clear distinction between tax avoidance and tax evasion from academic publications. Tax books have defined tax avoidance as “the lawful minimization of tax liability through sound financial planning techniques, while tax evasion is the “unlawful attempt to minimize tax liability through fraudulent techniques to circumvent or frustrate tax laws”. The consequences of either action are also clear. The former is not punishable by law while the latter is. However, the lines between evasion...

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Income Tax

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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Wealth Tax

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...

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Should Governments Legalize and Tax Marijuana?

Michael McHugh Composition II Julie Herskovitz 08/10/2011 Should Governments Legalize and Tax Marijuana? Marijuana Legalization and the Revenue from Marijuana Sales The war on drugs is an expensive battle, as a great deal of resources and time go into catching those who buy or sell illegal drugs on the black market, prosecuting them in court, and housing them in jail. These costs seem particularly exorbitant when dealing with the drug marijuana, as it is widely used, and is likely no...

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The Impact of Sin Tax on the Consumer’s Demand for Cigarettes

Marlene B. Escamillan 4E1 The impact of sin tax on the consumer’s demand for cigarettes Introduction The raise in tax is one of the most valuable gauges to lessen the utilization of a good. Just the same as other taxes, a sin tax is charged to lift up proceeds for government expenditures. Different from other taxes, a sin tax is often imposed with an intention of reducing the public’s consumption of a good. On the other hand, when you articulate about taxing cigars and alcoholic beverages...

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Tax of Russian Federation

Essay on the topic: Sorces of tax law of the Russian Federation and the Republic of Moldova Sources (forms) of the tax law - are formally defined as external forms, which contain rules governing the relations arising in the process of taxation. The sources of tax law are generally accepted to consist of different normative legal acts containing the relevant rules of law.  The sources of the tax law is the law of the Russian Federation are the laws on taxes and fees, the laws of subjects of the...

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