Canons/Principles of Taxation By Adam Smith: Adam smith‚ the father of modem political economy‚ has laid down four principles or cannons of taxation in his famous book "Wealth of Nations". These principles are still considered to be the starting point of sound public finance. Adam Smith’s celebrated cannons of taxation are: (1) Cannon of equality or ability‚ (2) Cannon of certainty‚ (3) Cannon of convenience‚ and (4) Cannon of economy. (1) Canon of equality or ability: Canon of equality
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THE NIGERIAN BANKING SECTOR AND ITS DEVELOPMENT IN RECENT TIMES JOYCE AKPATA TABLE OF CONTENTS 1. INTRODUCTION 2. CHARCTERISTICS OF THE NIGERIAN BANKING SECTOR 2.1. Size 2.2. Supervision and Regulation 2.3. Corporate Governance 3. RECENT DEVELOPMENTS IN THE NIGERIAN BANKING INDUSTRY 4. GLOBAL INFLUENCES ON THE NIGERIAN BANKING SECTOR 4.1. Global Recession 4.2. ICT and electronic banking 4.3. Globalisation 4.3. The perceived role of IMF/ World Bank 5. THE EFFECT OF THE BANKING
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Australia’s Role in the Global Economy 2.2 Australia’s Trade and Financial Flows 2.2.1 Value‚ Composition and Direction of Australia’s Trade and Financial Flows International trade has historically played a very significant role in the development of the Australian economy Due to geographical isolation – trade has always represented high proportion of Australia’s economic activity‚ overseas market for Aust.’s primary commodities (agricultural products‚ minerals)‚ imports new technology
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COURSE GUIDE GST 201 COURSE GUIDE GST 201 NIGERIAN PEOPLES AND CULTURE Course Developer/ Writer Dr. Cyrille D. Ngamen Kouassi Department of Sociology/Anthropology Igbinedion University‚ Okada Benin-City Course Editor Prof. Bertram A. Okolo Faculty of Arts University of Benin Benin-City Programme Leader Prof. Yesufu Dean School of Arts and Social Sciences National Open University of Nigeria Victoria-Island‚ Lagos Course Co-ordinator Prof. Yesufu Dean School of Arts and Social Sciences National
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contributing the lion’s share. Good physical connectivity in the urban and rural areas is essential for economic growth. Since the early 1990s‚ India’s growing economy has witnessed a rise in demand for transport infrastructure and services. However‚ the sector has not been able to keep pace with rising demand and is proving to be a drag on the economy. Major improvements in the sector are required to support the country’s continued economic growth and to reduce poverty. Railways. Indian Railways is
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Citizenship 25. Citizenship by birth. 26 Citizenship by registration. 27 Citizenship by naturalisation. 28. Dual citizenship. 29 Renunciation of citizenship. 30 Deprivation of citizenship. 31. Persons deemed to be Nigerian citizens. 32 Power to make regulations. Chapter IV Fundamental Rights 33. Right to life. 34 Right to dignity of human persons. 35 Right to personal liberty. 36. Right to fair hearing. 37 Right to private and
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Summary 1. Introduction 1.1 Area and population 1.2 Constitution‚ political culture and law 1.3 Key economic indicators 1.4 Banking and finance 1.5 Currency 2. Trends in tax policy 2.1 Personal income taxes 2.2 Corporate income taxes 2.3 Other business taxes 2.4 Value added taxes 2.5 Excises 2.6 Recurrent taxes on capital 2.7 Non-recurrent taxes on capital 2.8 Compulsory social security contribution paid to government 2.9 Environmental taxes 2.10 Other taxes 3. Main drivers of
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Role of Banks and Financial Institutions in Economy Money lending in one form or the other has evolved along with the history of the mankind. Even in the ancient times there are references to the moneylenders. Shakespeare also referred to ‘Shylocks’ who made unreasonable demands in case the loans were not repaid in time along with interest. Indian history is also replete with the instances referring to indigenous money lenders‚ Sahukars and Zamindars involved in the business of money lending by
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for economic development especially for developing countries like Nigeria can not be over emphasized. This research work examines the growth of the Nigerian Stock Exchange (NSE) ; the hub of the Nigerian capital market and it effect on the economic development of Nigeria using time series data from 1995 to 2005. Studies reveal that there have been a remarkable growth in the capital market during the period under study like non-other as far as security issue is concerned in Nigerian. The research
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INTRODUCTION TO TAXATION Unlike most transfers‚ which are voluntary‚ taxation is compulsory. That’s needed because of free-rider problem (no one will have injective to contribute) Modern taxes are monetized (individuals provide just money) Tariffs are taxes imposed on imported goods. Tariffs protect domestic producers. Taxes can be divided to: • direct • indirect Direct taxes are individual income tax‚ payroll tax (used to finance social) security‚ corporation income tax
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