organizations‚ and the international community have all sought to learn from 1999 and 2003 elections by launching projects that aim to improve the Nigerian electoral process (Carl Le Van‚ 2006). PROBLEMS The management of electoral system in Nigeria has had the following problems: * There have been a number of alterations of the register aimed at cleaning up the lists‚ but without any audit trail to show what changes were made‚ and under what authority. * Statistical analysis of the
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BANKING SECTOR REFORMS –Implications for Employees By: Mr. Feyi Oluwaremi (B.Sc‚ MBA‚ ACA) ABSTRACT Recent reforms carried out by Sanusi Lamido Sanusi‚ governor of the Central Bank of Nigeria (CBN)‚ in the banking industry appear desirable. The CBN aims at ensuring the stability and soundness of Nigeria’s banking industry within the shortest possible time. However‚ the unintended negative effects of these present reforms of the banking sector on national economy are awful. The
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Paper Presentation on [REPUBLIC ACT NO. 10351] AN ACT RESTRUCTURING THE EXCISE TAX ON ALCOHOL AND TOBACCO PRODUCTS BY AMENDING SECTIONS 141‚ 142‚ 143‚ 144‚ 145‚ 8‚ 131 AND 288 OF REPUBLIC ACT NO. 8424. OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997‚ AS AMENDED BY REPUBLIC ACT NO. 9334‚ AND FOR OTHER PURPOSES Commonly known as SIN TAX REFORM ACT OF 2012 “Stick to One” OVERVIEW Sin Tax is a tax levied on products or activities‚ which are considered sinful or harmful and considered
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There have been major changes in tax systems of countries with a wide variety of economic systems and levels of development during the last two decades. The motivation for these reforms has varied from one country to another and the thrust of reforms has differed from time to time depending on the development strategy and philosophy of the times. In many developing countries‚ the immediate reason for tax reforms has been the need to enhance revenues to meet impending fiscal crises. One of the most
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Tax Reforms in Singapore is Beneficial to the Country Singapore’s Implementation of Tax Reforms in 2002 Singapore concentrates its economy mostly on foreign investment‚ free trade‚ and high savings. When experiencing huge negative impact from the global economic depression in 2001‚ Singapore realized that it should not depend on the United States economy anymore. In order to revive the economic growth of Singapore‚ the Economic Development Board (EDB) recommended implementation of tax reforms
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THE INSTITUTE OF ACCOUNTANCY ARUSHA (IAA) RESEARCH REPORT TOPIC: THE TAX REFORM AND DOMESTIC REVENUE MOBILIZATION IN TANZANIA PREPARED BY: MSECHU AISHA R ADA III: 2007-2008 SUPERVISED BY: JEREMIAH ELIAH RESEARCH REPORT SUBMITED TO THE INSTITUTE OF ACCOUNTANCY ARUSHA IN PERTIAL FULLFILLMENT OF THE AWARD OF ADVANCE DIPLOMA IN ACCOUNTANCY (ADA) Declaration ------------------------------------------------------------------------ i Acknowledgement-------
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people and businesses. But due to recent economic downturns‚ some doubt the tax code and want reform. While there may be some benefits to a change‚ altering our tax system would end up creating many more problems than it would fix‚ hurting the nation’s economy and its growth. The country’s basic tax policy is comprised of income taxes‚ corporate taxes‚ payroll taxes‚ transfer taxes‚ and excise taxes. Income tax is the percentage citizens must pay out of their yearly income. This is where
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Local Government Tax Mobilization and Utilization in Nigeria: Problems and Prospects By Adenike .A. ADEDOKUN Senior Lecturer Dept. of Public Admin. & Local Govt. Studies The Polytechnic‚ Ibadan. NIGERIA. Contents • Introduction • Theoretical Framework • • • • Tax Mobilization Local Government Finance and Revenue Utilization Problems and Prospects Conclusion Historical Background • • • • • • • • • • Based on Indirect Rule *Local government Ordinance of 1916 *Centralised budget system
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Located in West Africa and bordering the Atlantic‚ Nigeria is a big country that occupies 356‚667 square miles with a total population of 168 million. Nigeria is abundant in natural resources like coal‚ gold‚ lead‚ iron‚ salt‚ copper‚ and zinc‚ but it is best known as a big producer of oil. Thanks to its size‚ population‚ and resources‚ Nigeria is dubbed as “the giant of Africa” (Falola‚ 4). According to World Bank Data of 2010‚ Nigeria has an annual percentage growth rate as 8.0%‚ one of the world’s
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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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