Economics, Social/Cultural, Technology four elements of business environment. Politics Any operation of our company must follow the government rule and laws, or we have to consider and clear the country’s politics if we want to set up an object here. Then what are the politics need to be considered? What are the relevant laws we need to follow? My explanation as follow: 1. Tax policy There are six tax regulations in Chinese tax system. They are Value-Added Tax,
Words: 1214 - Pages: 5
operate on the fringe of the formal economy, with only loose connections to the formal tax and regulatory apparatus of the state. Their activities are often labor intensive, meaning fewer interactions with market traders of tangible goods who may be in the tax net; they rely disproportionately on cash transactions; there are few opportunities for third-party verification; and they have poor bookkeeping practices. Tax policy is often uniquely designed for small enterprises, The smallest firms frequently
Words: 668 - Pages: 3
Question #1 (AICPA.080977REG-1C) | | | (NOTE: This is a CPAexcel simulated Exam Question, not AICPA licensed Material) Tax preparer Margie is wondering: Why should CPAs make reasonable efforts to obtain and provide for the client appropriate answers to all questions on a tax return? | A. The question may be important in determining taxable income or loss, so its omission may detract from the quality of the return. | | B. The CPA is obligated to sign the preparer's declaration, which
Words: 2767 - Pages: 12
to set up four phony tax shelters. The name of the four tax shelters is FLI P, OPIS, BLIPS, and SOS. These tax shelters targeted people who needed $10,000,000 to$ 20,000,000 in tax loss. Instead of paying the IRS they paid KPMG a percentage of the tax loss. They also file fraudulent tax returns. These returns were phoning. Even though KPMG tax department told the nine individuals that the tax shelters would not stand up to IRS scrutiny, they did the tax fraud anyway. The Tax fraud cost the United
Words: 718 - Pages: 3
as many as seven heads of which income from salary in one. Salary constitutes many elements and aggregate of which constitutes total salary for charge income. Definition of Salary under I.T In general , salary means any payment received by an employee for physical and mental work from the employer for a definite time or work. In I.T ordinance ,1984 Section 2(58) we can got more details of Salary elements. Tax Rate (Assessment Year- 2014-15): Other than Company : For individuals other than female
Words: 1451 - Pages: 6
Historically, print news has focused on the importance of text and where images have been used, little attention is given to the function of these images in conveying news discourse. However, the relationship between the verbal and the visual deserves further attention. Images have a powerful impact on a viewer’s response towards news and this impact cannot be created by text alone. A critical examination of three recent news events (see appendix) and analysis of the images that they utilise, reveals
Words: 3496 - Pages: 14
Different countries have different output despite whether the accountant follow a set of rules. This is because, even though accountant follows a set of rules, there are still possibilities that the set of rules does not covers every aspects in detail. This had led to room for professional judgements. It will be based on accountant’s judgement. The differences is not only between countries but it could differ within the country as well especially for Multinational enterprises (MNEs) it could be complicated
Words: 4721 - Pages: 19
|FRAMEWORK | | |U.S. GAAP |IFRS |Similarities | |Purpose of Framework |The FASB framework resides lower in hierarchy. |Management is explicitly required to |Both the frameworks are similar in | | |Management
Words: 3962 - Pages: 16
The Application of Matrix and Calculus in Business Submitted To: Ms. Farzana Lalarukh Associate Professor Department of finance University of Dhaka No NAME ID 01 Md. Shezanur Rahman 16-011
Words: 4023 - Pages: 17
helped develop the first geological map of France and the main water supply of Paris in 1769 at a young age of 25. This earned him a membership of the Royal Academy of Sciences in 1768. The same year he managed to purchase a part-share in the ‘tax farm’, a private tax collection agency. Contributions and Achievements: Lavoisier started working on such processes as combustion, respiration and the calcination or oxidation of metals in 1772. His influential research helped discard the old prevailing theories
Words: 527 - Pages: 3