Specifying the need to broaden tax base Literature review Rationale behind broadening the tax base should be in line with taxation principles. To look at the effectiveness of the windfall profits tax‚ we should first look at the taxation principles. The principles of taxation have long been mentioned in hopes of creating an excellent system of taxation. Firstly‚ fairness is an important principle. Adam Smith (1776) who was a pioneer of political economy claims that the subjects
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Library Briefing Library of the European Parliament 23/09/2013 Corporate tax avoidance by multinational firms In this briefing: The scale of Member States’ (MS) losses through the increasingly aggressive use of tax-avoidance schemes by multinational companies (MNCs) is difficult to estimate‚ but is considered serious. Press reports have highlighted the low tax paid by well-known‚ very successful companies. The tax reduction methods used by MNCs have been well known for decades. They include transfer
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Introduction Taxes are the major source of mobilizing internal resources of an economy. Bangladesh revenue structure has been burdened by taxes from indirect sources for long time and usually characterized by heavy import and excise duties. To cope with the challenge due to globalization‚ government of many such countries has to cut down such duties and levies. It seems that government might have to collect more money either through VAT (Value Added Tax) or from direct taxes. In Bangladesh VAT introduced
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ccountability ‚ DAC Guidelines and Reference Series A DAC Reference Document Governance‚ Taxation and Accountability ISSUES AND PRACTICES ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT The OECD is a unique forum where the governments of 30 democracies work together to address the economic‚ social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments
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Century‚ Matthew N Murray and William F. Fox‚ ed.‚ Praeger Publishers‚ Westport‚ Connecticut and London 1997‚ pp. 52-64. Buehler‚ Alfred G. Public Finance. McGraw-Hill Book Company‚ Inc. New York and London‚ 1940. John E Due and John L. Mikesell. Sales Taxation: State and Local Structure and Administration. The Urban Institute Press‚ Washington‚ D.C. 1995. Ebrill‚ Liam‚ Michael Keen‚ Jean-Paul Bodin‚ and Victoria Summers. The Modern VAT. International Monetary Fund‚ Washington‚ D.C. 2001. Fisher‚ Ronald
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archive file of ACC 497 Week 4 Learning Team Assignments from the Readings shows the solutions to the following problems: I: 15-62 Case Study Problem Determine whether you can accept at face value Mal Business - Accounting Prentice Hall’s Federal Taxation ‚ Chapter 15: I:15-61 Tax Strategy Problem I:15-62 Case Study Problem In both problems‚ conduct tax research and formulate tax-planning advice in your responses. When you are planning your schedule‚ do your best to refrain from
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Law Affecting Business Table of Contents Introduction 4 Sources of Law 5 Laws affecting Business’s 8 Government Taxation affecting Busniess’s 16 Purpose of Taxation 23 Conclusion 25 Introduction Any system of regulations to govern the conduct of the people of a community‚ society or nation‚ in response to the need for regularity‚ consistency and justice based upon collective human experience is called law. In addition‚ business law encompasses the law governing contracts
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SULTAN TAX ASSOCIATES TAX YEAR TAXATION OF WITHHOLDING TAX ON GOODS AND SERVICES 2012 WITHHOLDING TAX ON GOODS AND SERVICES TAX YEAR 2011 (1st July 2011 to 30th June 2012) [Provisions applicable w.e.f. 1.7.2011 onwards] 1) Section 153(1) of the Income Tax Ordinance‚ 2001 provides that every prescribed person making a payment in full or part including a payment by way of advance to a resident person or permanent establishment in Pakistan of a non-resident person: (a) (b) (c) for sale of goods;
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2. Introduction................................................................................................................. 3 The Current Taxes and Their Shortcomings ............................................................... 4 A. Taxation at Manufacturing Level............................................................................ 5 B. Exclusion of Services.............................................................................................. 5 C. Tax Cascading.....
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Taxation Law and Practice Group Project ZHAO ZHAO：430064847 YUN ZHOU：430401835 YULING YAN：430048777 HAOHAN：420049283 Stream: 2 (3:00pm-6:pam Tuesday) Lecturer: Antony Ting Introduction Bigshoes Ltd‚ as a company that incorporated in Australia‚ meets the requirement of a resident in Australia based on s6 (1) of ITAA 1936. The company incorporated in Australia would become a resident of Australia automatically. Moreover‚ according to s6-5 and s6-10 of ITAA 1997‚ a resident of Australia should
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