1. Balance of Payments. a. The current account is having different elements which create it and these elements are * The balance of trade * Amount of payments of interest to foreign investors and from foreign investment * Payments from international tourism * Private gifts and grants. b. The capital account is composed of all capital investments made between countries, including both direct foreign investment and purchases of securities with maturities exceeding one year
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create either current or future tax deductions * Corporate taxable income formula is relatively straight forward * Accounting Periods and Methods * Corporations measure their taxable income over a tax year and that their tax year must be the same as their financial accounting year * Generally elect their tax year when they file their first tax return * Timing when corps. recognize income and deductions depends on their accounting method * For tax purposes corps. have some flexibility
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Chapter 1 – History and Concepts of Property Ownership The method of “holding” land rather than “owning” it was called a system of tenure. Alienability: refers to the power to transfer tenure to another during one’s lifetime or at the time of death. Common Law: is the part of the law that is formulated, developed and administered by the common law courts, mostly underwritten and founded originally by common customs. Types of Estates: Estates – describes an interest in land or more specifically
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retirement benefits to employees to provide a source of income after they retire. Employees need to invest in their own retirement while working to ensure they have enough money to cover their expenses. The benefits of participating in these plans is tax-deferred earnings, and in some cases contributions are also taxed deferred. Employees can also invest in individual retirement accounts (IRAs) to augment their companies plan or to develop their own plan. "Companies establish retirement or pension
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Basic GST model in Malaysia * GST which is also known as VAT or the value added tax in many countries is a multi-stage consumption tax on goods and services * GST is levied on the supply of goods and services at each stage of the supply chain from the supplier up to the retail stage of the distribution. Even though GST is imposed at each level of the supply chain, the tax element does not become part of the cost of the product because GST paid on the business inputs is claimable
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1. Identify and explain the four elements of proof necessary for a plaintiff to prove a negligence case. To begin with, when people think of professional liability in healthcare, they usually think of medical practice, a form of negligence. Negligence by definition is known as one of the most common type of malpractice that exists in the healthcare industry. However, in order for a negligence case to be proven, four elements are necessary: Duty of Care, Breach of that duty, Injury and Causation
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the application of the authorized OECD approach under existing German tax treaties, specifically for the allocation of profit to permanent establishments. 1. Permanent Establishment Profit Attribution Regulations Issued On 13 October 2014, the Upper House (Bundesrat) adopted the “Regulations on the Application of the Arm’ s Length Principle on Permanent Establishments in accordance with section 1(5) of the Foreign Tax Act (Aussensteuergesetz)” (Permanent Establishment (PE) Profit Attribution
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| Review of Comcast Corp Annual Report 2012 | | | Review of Comcast Corp Annual Report 2012 | | Comcast Devry university October 13, 2013 Authored by: Traci Rood Comcast Devry university October 13, 2013 Authored by: Traci Rood TABLE OF CONTENTS INTRODUCTION…………………………………………………………2 QUESTION 1………………………………………………………………3 QUESTION 2………………………………………………………………4 QUESTION 3………………………………………………………………4 QUESTION 4………………………………………………………………5 QUESTION 5………………………………………………………………6
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Taxation for Business Decision Making (a) In this case, Colourvision is an Australian resident for taxation purposes and it received a capital gain generated from the sale of the land. This capital gain should be taxed under CGT. Rules for CGT 1. Capital gains from the realization of investment on assets that acquired on or after 20 September 1985 are caught by CGT. Relative law can be found in Part 3-1 (ss.100-1-121-35) and Part 3-3 (ss.122-1-152-430). 2. Section 102-5 contains the
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sin tax reform as it sought to retain the multitiered system and increase excise tax collection from tobacco and alcohol products by only P15 billion to P20 billion in the first year of implementation. This is significantly lower than the P31.35 billion that House Bill 5727, already passed on third reading, projects to raise, and an even farther cry from the P60.63-billion goal originally proposed by the Department of Finance. Senator Drilon’s substitute bill features an expected excise tax collection
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