mark on the appropriate number of your choice. PROVISION OF THE LAW 4 - Fully aware 3 - Aware 2 - Moderately Aware 1 - Not Aware 1. Provision Of Law1.1 Procedure As Guidelines | 4 | 3 | 2 | 1 | 1.1.1 How aware I am that‚ distilled spirits‚ wines‚ fermented liquors ‚ tobacco products‚ cigars and cigarettes are levied‚ assured and collected based on yearly schedule. | | | | | 1.1.2 How aware I am that‚ an act valorem equivalent to fifteen percent (15%)
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taxed differently from new ones. * Because of multi-tiered tax structure‚ smokers tend to prefer cheaper cigarette brands. According to the statistics provided by the Bureau of Internal Revenue (BIR)‚ consumers downshifted from medium-priced cigarettes to low-priced cigarettes. In the case of alcohol‚ consumption of low-priced beers ballooned from less than 40% in 1994 to more than 70% in 2010. * As tax is affected by inflation‚ tax burden decreases due to lack of price indexation. * The
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TAXATION LAW BLAW30002 Course Outline Semester 2‚ 2012 Welcome to Taxation Law! This course outline provides you with essential administrative information regarding the course. Please read all of the information closely. 1 Subject description 1.1 Content This subject provides students with an introduction to the Australian taxation system. Upon completion of this subject‚ students will have: a basic overview of the overall Australian tax system and the policy influences behind its
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------------------------------------------------- Federal Library * ------------------------------------------------- Federal Source Materials * ------------------------------------------------- Code‚ Regulations‚ Committee Reports & Tax Treaties * ------------------------------------------------- Internal Revenue Code * ------------------------------------------------- Current Code * -------------------------------------------------
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William Pittman 10/14/14 Writing COMP – Han To Tax or not To Tax Two authors by the names of Paul Krugman and Fred E. Foldvary have varying opinions on the topic of taxing the rich. The debate they’re writing about is whether or not the US should increase the tax burden on the rich. Foldvary states in his “The Evil of Taxing the Rich” article that there are a lot of negative affects that would come along with taxing the rich. Mainly‚ he says the rich are paying a much larger percentage of federal
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modern income tax statutes‚ summarize the objectives of modern income tax statutes and compare and contrast generally accepted accounting principles. There are three sources of modern income tax statutes which are legislative‚ executive and judicial. In this paper only the legislative and the executive will be discussed. The Internal Revenue Code‚ which consists of statutory provisions relating to Federal taxation‚ only existed as individual revenue acts before 1939. In 1939 congress put in place
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To Tax or Not to Tax: The Problem of America Money‚ like a cookie‚ is something everybody wants‚ and when it is gone a person blames everybody else for its absence; realizing later they were the one to consume it in the first place. Taxes‚ since the beginning of an organized economy‚ have been argued over for centuries. At the end of 2012 after surviving the “end of the world‚” tax payers were faced with another apocalyptic situation‚ the Fiscal Cliff. It had the potential to raise taxes to outrageous
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Tax Law and Accounting Sue Abraham University of Phoenix Tax Law and Accounting The word "tax" did not become a household name until the late 1800 ’s when congress created the nation ’s first income tax law. Prior to this law the government used tariff ’s and imported goods to help support the economy. However‚ in order to bring in more revenue to help cover the costs of the civil war the government had to make necessary reforms and re-establish tax law. The Revenue Act of 1862 (July 1‚
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SIN TAX BILL MANILA‚ Philippines—A “sin tax” on cigarettes and alcohol dampened the New Year party spirit when it was introduced in the Philippines Tuesday‚ as part of a government bid to boost finances. Many stores started selling tobacco and drink at inflated prices before midnight‚ ahead of the official implementation of the tax hikes on January 1‚ hitting partygoers in the pocket. Tax on cigarettes will gradually be raised to P30 ($0.72) per pack by 2017‚ roughly doubling the current price
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REACTION: SIN TAX LAW I am so glad of the very purpose of passing the sin tax law which is to protect the health and save the lives of the countrymen. This simply means that the government officials are concern about the good health of all Filipinos but this doesn’t mean that I am into this bill‚ for some reasons that the government or most of the senate themselves failed to look unto. Firstly‚ I would like to agree with
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