Taxation should be equal According the definition taxes are the sum of money demanded by a government for its support or for specific facilities. The government demands money from everyone not just some one but there are some who don’t seem to go pay the fair amount as everyone else. Taxation has also been a big part with the current recession. Our government is investing in defense‚ using out money when more should go into social programs. Cuts have been made in different programs because of
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TAXATION * It is a means by which governments finance their expenditure by imposing charges on citizens and corporate entities. * Governments use taxation to encourage or discourage certain economic decisions. For example‚ reduction in taxable personal (or household) income by the amount paid as interest on home mortgage loans results in greater construction activity‚ and generates more jobs. See also taxation principles. * Taxation refers to the act of a taxing authority actually levying
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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY To be able transform into an industrialize economy; an underdeveloped economy has to be privately and commercially developed. The importance of establishing public enterprises or corporation began during the 19th century with the British telecom in 1884 under the telecommunication act and gained a worldwide support in Britain thereafter. Several nations particularly those in Africa‚ have come to embrace the principle as a way of eliminating
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INTRODUCTION The Nigerian economy has several activities sectors which include agriculture (crops)‚ livestock‚ forestry‚ fishing‚ manufacturing‚ crude petroleum mining and quarrying‚ utilities‚ building and construction‚ transport‚ communication‚ wholesale and retail trades‚ hotels and restaurants‚ finance and insurance‚ real estate and business services‚ housing‚ producers of government services and community‚ social and personal services. However‚ with the advent of the crude petroleum sector
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The Impact of Global warming and Desertification on the Nigerian Ecosystem SEN 406 Technical Report Writing Submitted By:- Tabansi Anthony Uchenna A00011635. Prepared For:- Dr. Arthur
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today the rate of chronic diseases have skyrocketed‚ we need to come up with a solution to make healthier food available to the population. Although junk good producers may find that the tax is unfair. The overall result of taxation is to improve the health of our nation. If taxation of fast food was a reality today it will ultimately motivate producers and sellers to improve their products and provide the consumers with better options. The increased percent of obesity amongst Americans is alarming
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Central Bank of Nigeria BANKING REFORM AND ITS IMPACT ON THE NIGERIAN ECONOMY Sanusi Lamido Sanusi‚ CON Governor Central Bank of Nigeria Being a Lecture delivered at the University of Warwick’s Economic Summit‚ UK 17th February‚ 2012 Prepared by the Research Department of the Central Bank of Nigeria Protocol 1. It is a great honor to be invited to address the Warwick Economic Summit‚ which has become one of the largest academic conferences in Europe. I wish to commend
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Coffee the Great Miracle There is a product that has allowed Central American countries to develop and grow. That product is coffee‚ it has had a major effect on the economy of central american countries. It has affected the lives of many of the citizens that live on these countries‚ and it has led to the modernization of these nations. Those who grew coffee and had plantations had all the power it managed to make a new kind of ruling elite. Coffee has propelled these countries from being some of
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Introduction: This report is to find out whether the tax avoidance arrangements exists in the situation of taxpayers restructured their business as a trading trust for the purposes of section BG1 of the Income Tax Act 2007. Issue: Mr A and Mr B‚ two independent shareholders work full time in the IT Consultancy business. They were paid $80‚000 salary each in the first year but decreased to $50‚000 in the second year because business has gone down due to earthquake. They had received a dividend
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TAXATION An involuntary fee levied on corporations or individuals that is enforced by a level of government in order to finance government activities. TAXES Compulsory monetary contribution to the state’s revenue‚ assessed and imposed by a government on the activities‚ enjoyment‚ expenditure‚ income‚ occupation‚ privilege‚ property‚ etc.‚ of individuals and organizations. A fee charged ("levied") by a government on a product‚ income‚ or activity. If tax is levied directly on personal or corporate
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