The General Anti-Avoidance Rules Direct Taxes Code Bill‚ 2009 Background Avoidance – An attempt to reduce tax liability through legal means‚ i.e. to regulate your affairs in such a way that you pay the minimum tax imposed by the Act as opposed to the maximum Example – Mr. A forms a company to sell his products. The company pays 25% tax‚ but if he himself sold the products he would pay 30% Evasion – Use of illegal means to reduce tax liabilities‚ i.e. falsification of books‚ suppression
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MOI UNIVERSITY WEST CAMPUS KIPTAGICH CENTRE NAME REG NO Annette. A. Omondi CPR/1000/11 Elseba Kokeyo CPR/1001/11 COURSE CODE: CMM 40 COURSE TITLE: LESCTURER: Mr Masinde TASK: Assignment QN: Discuss democracy while paying special attention to; definitions‚ principles and the role of media in the promotion of democracy. DEMOCRACY INTRODUCTION Democracy can be defined first and foremost as a system of government that involves the replacement
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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deals with uncertainty reduction theory from its origin to date. Ever since uncertainty reduction theory was first created‚ many researchers have examined it by comparing it with other theories. Uncertainty reduction theory had been tested across different cultures in order to confirm its generalizability. It had also been applied to real life situations to examine how individuals interact in their initial encounters with strangers. In addition‚ researchers suggested testing uncertainty reduction
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Meaning of Risk and Uncertainty Risk: In Common Parlance‚ risk means a low probability of an expected outcome. From business decision-making point of view‚ risk refers to a situation in which a business decision is expected to yield more than one outcome and the probability of each outcome is known to the decision makers or can be reliably estimated. For example‚ if a company doubles its advertisement expenditure‚ there are three probable outcomes: i) Its sales may more than double ii)
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Define environmental uncertainty and resource dependence. Describe the major ways in which managers can deal with high environmental uncertainty and resource dependence. A good answer would base the analysis of environmental uncertainty on Duncan’s approach‚ which characterises uncertainty in the stable-unstable and simple-complex dimensions. It should identify buffering‚ boundary spanning‚ organisational differentiation and integration as responses to growing uncertainties. As to management of
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Descartes’s Argument for Uncertainty 1. All previously held conceptions must be regarded as uncertain. a. Some previous conceptions were built on false opinions‚ or potentially false opinions and are therefore uncertain. b. All previous conceptions have been obtained from or through the senses‚ which guarantees their uncertainty. I. The senses have deceived in the past in cases of a small or distant thing‚ and could therefore do so again. II. The senses often deceive those who
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“Oligopolistic interdependence creates uncertainty‚ which in turn may promote collusive action” Oligopoly is a specific type of market within business. The markets within an oligopoly are controlled by a small number of large and powerful companies; contrast to a monopoly (where the market is controlled by a single company‚ allowing it full control of the market and its respective conditions – e.g. price & availability) and perfect competition (where numerous businesses of parallel aptitude
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ROLE OF DEVOLUTION IN KENYA. 1.0 INTRODUCTION. This paper attempts to look at the aims of devolution in Kenya ‚the its impact to the country and measure if devolution is the break for Kenya from being labelled as a third world country. This will be done by looking into the constitutional principles of devolution‚ the positive effects‚negative effects and also Kenyans view of the countries change into the devolved government kind of a system. From the findings the 2.0 DEFINITION OF DEVOLUTION
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1. Executive Summary Kenya is a country that has a history of political instability and violence amongst its citizens. Kenya has a large agricultural sector and is a very low-resource country that has very high levels of population growth. These high levels of population growth lead to a large labour force of unskilled workers. Public and Private Investment is crucial for upgrading a firm’s technology and ensuring technological progress. In recent years‚ Kenya has had very low investment levels
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