Rudiment Principles in The Theory of Tax Dr. Jack Itzhak Barsheshet‚ Ph.D. Table of Contents Chapter One – Introduction 1. Preface 4 2. Jurisdiction to impose Tax 6 The Social Treaty and the Origin of Taxing 6 Historical Development 7 The Purpose of Tax 8 "Normative Tax Structure" and "Tax Expenditures" 8 Taxing and Justice 10 Distribution of Tax Burden 13 Does tax breaches Fundamental Rights? 16 Chapter Two – Postulates 3. Terms 20
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------------------------------------------------- TAXATION August 2011 Multiple Choice. Identify the letter of the choice that best completes the statement or answers the question. 1. Which of the following is not subject to tax as a corporation? (A) Business partnerships. (B) Insurance companies. (C) Joint stock companies. (D) General professional partnership. 2. A partnership formed by persons for the sole purpose of exercising their common
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to the local go e e ts. GENERAL PRINCIPLES OF TAXATION Pepsi Cola v. Municipality of Tanauan: Legislati e powers may be delegated to local governments in respect of matters of local concern. This is sanctioned by immemorial practice. By necessary implication‚ the legislative power to create political corporations for purposes of local self-government carries with it the power to confer on such local governmental agencies the power to ta . A. Taxation a. Definition i. It is the power by which the
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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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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 LAW I. General Principles POWER OF TAXATION TAXATION – power by which the sovereign through its law-making body raises revenue to defray the necessary expenses of government from among those who in some measure are privileged to enjoy its benefits and must bear its burdens. Two Fold Nature of the Power of Taxation 1. It is an inherent attribute of sovereignty 2. It is legislative in character Extent of Taxing Power Subject to constitutional and inherent restrictions
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[Name]: YuPei [TP Number]: TP024726 [Intake Number]: UC2F1303AF {FI} [Subject Code]: Introduction to Taxation [Lecturer’s name]: KHO GUAN KHAI [Assignment title]: Individual Assignment [Date of Submission]: 31st May 2013 Context Introduction…………………………………………..1 Personal Income Tax ……………………………..1 Tax rate……………………………………………......3 Tax relief ……………………………………………....4 Personal income tax relief……………………..5 Tax rebate…………………………………………….. 7 Taxable income and tax liability‘s calculated
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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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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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International Journal of Accounting and Financial Reporting ISSN 2162-3082 2012‚ Vol. 2‚ No. 2 Analysis of Tax Formation and Impact on Economic Growth in Nigeria Ebiringa‚ O.T (Corresponding author) Management Technology Federal University of Technology‚ Owerri‚ Nigeria E-mail: otebiringa@yahoo.com Emeh Yadirichukwu Department of Accounting Federal Polytechnic Nekede‚ Owerri‚ Nigeria E-mail: diriolisa@yahoo.com Received: October 17‚ 2012 Accepted: December 13‚ 2012 DOI: 10.5296/ijafr
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