... ran for Congress in 2010 and raised $4.7 million for the campaign. Five months after his opponent was sworn into office, auditors discovered that Feldman used $500,000 of campaign donations for a personal vacation taken immediately after the unsuccessful campaign. Issue Has Feldman understated his income by using campaign contributions for a personal vacation after the election? Conclusion Yes, since Feldman’s personal vacation expenses cannot be excluded as campaign contributions, the $500,000 should be included as taxable income on his individual return. Analysis The $500,000 used for Feldman’s vacation is treated as income and subject to taxation because the contributed amount was not used for the political campaign. Instead, the money was diverted towards the personal use of the candidate under §527(d)(1) of the Internal Revenue Code. According to U.S. v. Jett, since personal expenses were incurred after the unsuccessful campaign season, the contributions used to cover the vacation cannot be excluded from income. If the travel expenses were obtained to generate proceeds during the campaign from membership dues, a political fundraiser, an entertainment event, or sell of political paraphernalia, then the amount would be excluded from the candidate’s individual return as income based on §527(c)(3). Considering Jett, if Feldman received the $500,000 as a gift as opposed to a political contribution, the amount would be excluded from gross income under §102(a)...
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...Jed Pickett Corporate Contributions to Political Campaigns Craig Allen SOC 120 Introduction to Ethics and Social Responsibility January 7, 2013 The recent election has got the blood boiling of many voters. Corporate contributions have become a major problem in the United States and affected and have affected many elections. I would like to discuss how money and greed can affect the decision of any candidate and cause them to betray their own personal beliefs and cause the betrayal to the people that they represent. I will also look at the issue using classical ethical and contemporary ethical theories, as well as looking at the issue through the view of utilitarianism. Any corporation should not be able make any contribution towards a campaign because then their ideas could become the candidates ideas even if a candidates is strongly against a subject that the corporation supports. We are going to look at the issue from the point of view of utilitarianism. Utilitarianism is a classical form of ethics that I will use to look at this issue. First off utilitarianism is described in our text book as a natural way to see if an act is the right thing to do or the wrong thing to do is to look at the consequences or the results of that action. (Mosser 2010) Looking at corporate contributions and seeing the type of candidates that the American people are being offered I believe that the corporations should not be allowed to contribute to a campaign. I do not see a problem, however...
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...ACCT 625 Week 4 Homework Click Link Below To Buy: http://hwaid.com/shop/acct-625-week-4-homework/ Question 1. The following information relates to Hudson City for its fiscal year ended December 31, 2014. • On January 31, 2014, the city purchased as an investment for its debt service fund a fifteen-year, 6 percent,$1 million bond for $998,000. During the year it received $30,000ininterest.Atyear-endthefairvalueofthebond was $999,500. • On December 31, 2013, the Foundation for the Arts pledged to donate $1, up to a maximum of $1 million, for each $3 that the museum is able to collect from other private contributors. The funds are to finance construction of the city-owned art museum. During 2014, the city collected $600,000 and received the matching money from the Foundation. In January and February 2015 it collected an additional $2,400,000 and also received the matching money. • During the year the city imposed license fees on street vendors. All vendors were required to purchase the licenses by September 30, 2014. The licenses cover the one-year period from October 1, 2014, through September 30, 2015. During 2014 the city collected $240,000 in license fees. • The city sold a fire truck for $40,000 that it had acquired five years earlier for $250,000. At the time of sale the city had charged $225,000 in depreciation. • The city received a grant of $2 million to partially reimburse costs of training police officers. During the year the city incurred $1,500...
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...Correct Answers: | 1 | Total Incorrect Answers: | 4 | Your Mark (total correct percentage): 20% | | 1 | Once the Feltham's discharge their mortgage, what tax planning opportunity would be MOST APPROPRIATE during the years that immediately follow? | Incorrect | The correct answer: Mark maximizes contributions to a spousal RRSP for Sarah; Sarah maximizes contributions to her RRSP Your answer: Mark maximizes contributions to his TFSA only; Sarah maximizes contributions to her RRSP | 2 | Based on an analysis of Sarah and Mark's assets, from what tax advantages does the couple currently benefit? | Correct | The correct answer: deferral and avoidance only Your answer: deferral and avoidance only | 3 | If Mark exercises his 12,000 stock options at $39 and sells the underlying shares at the same time, what will his after-tax proceeds be? | Incorrect | The correct answer: $27,720 Your answer: $252,720 | 4 | In reviewing Sarah's method of remuneration from Cognitive Solutions, what statement is MOST APPROPRIATE? | Incorrect | The correct answer: Sarah should continue with her current form of remuneration as doing so creates RRSP contribution room for her. Your answer: Sarah should forego a salary and receive dividends from the company. She should also pay dividends to Mark and Gavin to take advantage of income splitting opportunities. | 5 | What tax planning strategies would be of LEAST BENEFIT to Sarah and/or Cognitive Solutions either now or...
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...Individual Portion Your individual task will be to contribute a section of the product proposal and pro-forma statement for the new product idea. Make sure your portion is 2 pages. In addition to sending it to a designated person who will consolidate all of the contributions into a proposal, this paper will be submitted to your instructor. Individually, each student will create 3–4 slides (with 200–250 word speaker notes per slide) covering their portion of the proposal in slide presentation format to be pitched to investors.Make sure to provide APA citation and references for both portions of this assignment. Please add your file. Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric. Part 1: Group Proposal Using the Small Group Discussion Board, the group will come to a consensus on a single product idea and develop a proposal of 8–10 pages addressing this new product, the state of its industry, and details of its market. The group will also come to a consensus on the business model approach: intrapreneurial or entrepreneurial. Details about the character of the company, its contributors, of why this approach was chosen for this project should be included in the proposal. Provide information on the product selected, its market, and its industry. The proposal must also provide new information on the chosen product's main competitors, how their product is different the competition, and detail the demographics...
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...55-1 This Section, which is an integral part of the requirements of this Subtopic, provides general guidance to be used in distinguishing contributions from exchange transactions, including membership dues and agency transactions . > Implementation Guidance 55-2 The accounting and reporting of grants, membership dues, and sponsorships is determined by the underlying substance of the transaction.Those terms are broadly used to refer not only to contributions but also to assets transferred in exchange transactions.A grant, sponsorship, or membership may be entirely a contribution, entirely an exchange, or a combination of the two; therefore, care must be taken in evaluating each grant, sponsorship, or membership agreement.In addition, those resource transfers may also have the characteristics of agency transactions. 55-2A The implementation guidance is organized as follows: a. Distinguishing contributions from exchange transactions (see paragraphs 958-605-55-3 through 55-8 : ) b. Distinguishing the contribution portion of membership dues (see paragraphs 958-605-55-9 through 55-12 : ) c. Distinguishing contributions from agency transactions (see paragraph 958-605-55-13 : ). > > Distinguishing Contributions from Exchange Transactions 55-3 Some transfers of assets that are exchange transactions may appear to be contributions if the services or other assets given in exchange are perceived to be a sacrifice of little value and the exchanges are compatible...
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...organized and planned out this week’s assignment well. | Communication with members and professor | 5 | Communication was open and clear. | Guidance provided to team members | 5 | Guidance was given and always responded back in a well timely matter. | Timely feedback and posting of final team product | 5 | Feedback was open and given. As well as tips and advice. | | B. If you are the Team Leader, comment in A. above and on the following: | What did you do in order to motivate your team’s contribution? | What would you try again? What would you never try again? | What did you do in order to motivate your team’s contribution? | | C. Write a short comment that describes your team members and team work during this week. Make reflective and substantial comments, indicating outstanding and non-participating member of your team. | Who were the team members? | | Who contributed the most, and how? | | Which were the two best contributions from the team members, and why? | | How did you do in teamwork this week? | | | D. General comments and recommendations for all team members and leader...
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...of Congress who has been charged with ethics violations. State ethics investigators have charged Lt. Gov. Ken Ard with 69 counts of spending campaign money for his personal use and 23 counts of failing to disclose campaign expenses. Ard, who took office in November, has been under scrutiny since taking office for thousands of dollars of purchases, including meals and hotel rooms – particularly those made post-election – listed on his campaign finance reports. In a news release, the State Ethics Commission said it found probable cause for the charges and likely will send out a hearing notice. As lieutenant governor, Ard fills a part-time position with little real power, presiding over the state Senate and overseeing the state’s Office on Aging. The lieutenant governor also becomes governor should the governor die or resign from office. ethics investigators have charged Lt. Gov. Ken Ard with 69 counts of spending campaign money for his personal use and 23 counts of failing to disclose campaign expenses. Former South Carolina Lt. Gov. Ken Ard received 5 years probation, a 5,000 fine, and 300 hours in community services after pleading guilty to seven counts of violating the State Ethics Act. Ard pleaded to four counts of unlawful reimbursement of campaign contributions, two counts of falsely filing campaign reports, and one...
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...CORPORATE COMMUNICATION PLAN FOR UNILIVER FOR THE YEAR JANUARY2011 – DECEMBER 2011 Introduction Uniliver is a manufacturer of consumer goods which are sold via retailers, and operates as an international business with a dual HQ in both the UK and Holland. This Corporate Communication Plan is a statement of its vision, strategic aims and priorities, an essential part of its policy and planning framework for the year January 2011 – December 2011. Its aim is to ensure that the day to day work focuses on priorities such as environmental and ethical issues and sustainability, products satisfaction through products innovation, but also to think about competing pressures and ways to increase revenues. I. Analysis Uniliver is trying to build its reputation as an organisation committed to: * Environmental and sustainability issues * Improving health and well-being * Maximising values to create profits II. Objectives The objectives provide the overall course of the program and what should be achieved. Uniliver has got three objectives which will be stated in terms of program outcomes rather than inputs. 1. To encourage a challenging, worthwhile, and fulfilling work environment for our employees by building mutual respect, self-belief, and confidence in our personal relationships based upon commitments to truth, frankness, and competency; but also to provide tools to support constant delivery of the brand promised with every point of contact...
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...X, the rival, is a cheesy piece of goods, won’t hold up, has to be cranked by hand… This is the model for not just our commercial product sales but, rather more vigorously, for our political campaigns as well… we have gradually just gotten used to them. Its not so much that I am wonderful the candidate explains, as the opponent is a lying, cowardly, two faced cheat and con artist. (Pulitzer Prize winner and Washington Post columnist Meg Greenfield, 1995) Whether through print or television media, advertising affects behaviour. A key tool of political parties, it has been used to win support during critical governmental assessment or change, and engage the susceptible electorate to participate in the political process. Yet, where features such as wit, charisma or aptitude have been emphasized and admired, the intemperance of political campaigning has also drawn out a negative side, one that seeks to cast a damaging shadow on any opposition in order to attain the support of the majority. The types of political message given out by both politicians and the media vary in how they are constructed and what they intend to achieve, and despite widespread criticism surrounding its ethical fragilities, attack politics in particular have become a fundamental component of any political campaign and evidence has shown the electorate to show a greater interest in a more pessimistic tone of politics. This essay intends to address whether negative publicity in the form of attack advertising...
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...Chapter 14 1. During the nomination campaign, the candidates target party leaders and interest groups. This is the time for the candidates to learn that a single phrase could end the campaign or guarantee a defeat. The media take much less notice of mistakes at this time than in the general election campaign. A danger not always heeded by candidates during the nomination campaign is that a candidate can move too far left or right and appear too extreme to the electorate. If a candidate tries too hard to appeal to the interests of party elites, they jeopardize their chances of winning the election. An example of this is the election of 1964 when Barry Goldwater went too far right and lost the presidential election. 2. After earning the party’s nomination, candidates embark on the general election campaign, or the phase of a political campaign aimed at winning election to office. Unlike the nomination campaign, where candidates must run against each other, during the general election campaign, candidates in partisan elections run against nominees from other political parties. All eligible voters, regardless of political party, have the opportunity to vote. For this reason, candidates are more likely to move their positions on political issues toward the ideological center. The length of the general election campaign varies from state to state. 3. Paid staff, political consultants, and volunteers work behind the scenes to support the candidate. Collectively, they plan...
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...Jeff Chandler Political Science 1 Mon/Wed 12:40-2:00 Assignment #3: Elections & Campaign Funding The articles I chose focus on congressional elections and campaign funding. The Supreme Court recently lifted the cap on amount donors can contribute in a congressional election. The courts decision threw out the $74,600 limit for donations to political parties and the $48,600 limit for House or Senate candidates in a two-year campaign season. However donors still cannot contribute more than $5,200 to a single candidate per election, but without the overall caps, those who can afford it can have an enormous influence by donating to many candidates. Donors could contribute up to 3.6 million dollars by giving to all 435 House candidates and the 33 candidates for Senate seats up for election, as well as each party’s national committees. Under current election laws the parties could redistribute the money, possibly even using the entire amount to benefit one candidate. Critic believe this could lead to a consolidation of political power to a wealthy few, as well as the party’s leaders, resulting in improper influence on Capitol Hill (L.A. Times). We already know that party officials and candidates will solicit these large contributions from wealthy donors because such contributions will help increase the party’s power, as well as candidates standing among his colleagues. Fund raising to meet the high costs of campaigning is the most important hurdle for any candidate for...
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...World Applied Sciences Journal 28 (11): 1481-1487, 2013 ISSN 1818-4952 © IDOSI Publications, 2013 DOI: 10.5829/idosi.wasj.2013.28.11.13813 The Neutrality of Sinar Harian Newspaper in Malaysian Politics Wan Rohila Ganti bt Wan Abdul Ghapar, Nurul Saadatun Nadiah Mohd Ngah and Ilyas Abdullah Faculty of Administrative Science and Public Policy Universiti Teknologi MARA (UiTM), 23000 Dungun, Terengganu, Malaysia Abstract: This article examines the neutrality of Sinar Harian, a Malay daily, which claims to be neutral and without favour, from 20 April 2013 to 5 May 2013, 15-day campaign period of Malaysia’s 2013 General Election. The 13th General Election was the most contentious of election in Malaysian politics. Sinar Harian attempts to present a balanced reporting, by giving spaces to both parties to present their ideas and defend their stand, rooms which are not available in other mainstreams newspapers. This study uses content analysis as a method of investigation. It is a technique of gathering and analyzing the content of text. The analyses cover these dimensions; news report and analyses, letters to the Editor, political advertisements and special guest columns. This study found 33% of articles favored BN, 36% covered PR, 24% of articles considered as neutral reports and 6% of articles reported the activities of independent candidates. Using Monti’s classification of biasedunbiased reports, Sinar Harian can be categorized as unbiased newspaper. Key words:...
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...the corporations’ profits. In the article “Citizens United and the Corporate Court” by Jamie Raskin, she says that “corporations were already spending billions of dollars lobbying, running issued ads, launching political action committees and soliciting PAC contributions” (Raskin 17). She says that corporations try to use as much money as possible to influence the people to vote for specific candidates in the election. Moreover, corporations only donate money to political campaigns which influences the politician’s decision making. As soon as politicians get elected, they will help increase the corporations’ business profits. This gives the corporations tax breaks and more profits. In the...
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...and industry culture. Map your contributions with what the company is looking for. Customise your résumé when required. Are they looking for a strong technical expert or someone with strong people skills? Talk to current employees and read up about the company. For each company you have worked with, every designation held and every academic institution attended, the executive wants to see three things: a. What goes into the résumé must be relevant to the job you have applied for. Mention your contributions, projects undertaken and the extracurricular activities in school or college, for example, ‘Achieved 100% target all through.’ b. Describe the constraints and the complexity involved in the project or in your contribution (example: Achieved 100% target or raised sales by 10% despite the downturn during which client company cut purchases by 20% and in the presence of leading competitors). c. The above details not only convey your potential to the interviewer, but also help focus interview questions on how you made it happen. Make the subheads speak for themselves so that the executive glancing rapidly through it does not miss them. Avoid monotonous subheads. Make your résumé speak the industry language with no spelling or grammar mistakes. Don’t use fancy fonts and boxes. The résumé must be clear and precise. Follow the industry pattern in design. Don’t use bold fonts too often. Start with the latest and biggest contribution within each profile. [The...
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