Taxation in low income countries A vital issue Ashok Shumshere JBR 2009-11-02 1:01 PM The topic of taxation has experienced a comprehensive change of structure since last many years. With the beginning of supply side taxation, role of taxation has become more significant. Taxation is not only an effective instrument for resource mobilization — a “boot strap operation for financing economic development-but also a ‘tool kit’ for revenue collection to sustain growth and maintain equity
Words: 765 - Pages: 4
Tax Policy Paper Due date: Monday, November 25th Groups: You may work in groups of up to 5 people. You may also work individually if you prefer, but I advise against this for two reasons. First, subjecting yourself to the perspective/critique of others helps you to refine your arguments by exposing you to relevant counterpoints. Though it may take a bit longer, I believe you will find that papers worked on as a group will be more complete, and often more succinct. Second, working in groups
Words: 312 - Pages: 2
ECONOMICS FOR MANAGERS T3.2013 Assignment Due date: Nature: Assignment Overview: Monday, January 13, 2014. Individual assignment. This assignment is partly based on the attached article published in The Australian on April 26, 2012 entitled “Poor bear brunt of ‘nanny taxes’” by Adam Creighton and a paper written by Sam Oldfield on August 7, 2013, “Cigarette Tax Hike Defies Economic Logic.” Please read the articles carefully before attempting the questions. You will be required to demonstrate your
Words: 3505 - Pages: 15
buyout of the company.”(Cain) Cain and his supporters believe this qualifies him to run a country with severe economic problems. After his success Cain became President of the National Restaurant Society as well as the Board of Directors of the Federal Reserve Bank of Kansas City, Where he was elected chairman. Cain now hosts his own radio show and speaks at seminars all around the world. The most important element of Cain’s campaign is his 9-9-9 plan. He believes this plan is America’s way out
Words: 1606 - Pages: 7
Taxation is said to be one of the key governance tools of any state including the upholding of Zambians sovereignty. INTRODUCTION The most fundamental function of taxation is raising revenue to pay for governmental expenses and programs. "Taxes are necessary to raise revenue for public goods and infrastructure, as well as to provide other sorts of public services conducive to general welfare and economic growth." Tax revenues pay for the necessary goods – like national defense or a legal system
Words: 2844 - Pages: 12
EXERCISE 22-1. TRUE OR FALSE QUESTIONS 1. Sale of goods and services which are subject to Other Percentage Tax cannot be subject also to a value-added tax. 2. Persons or transactions which are subject to Other Percentage tax may still be subject to income tax. 3. Persons or transactions which are exempt from income tax may nevertheless be subject to Other Percentage Tax. 4. A person whose gross annual sales or receipts do not exceed P1,919,500 may, nevertheless be subject
Words: 5543 - Pages: 23
ASSIGNMENT For The Partial Fulfillment of the Course, COURSE: TAXATION (ACN-4135) SUBMITTED TO, PROF. DR. SWAPAN KUMAR BALA, FCMA SUBMITTED BY, ISMAT JERIN CHETONA ID-111083068 SEC: B UNITED INTERNATIONAL UNIVERSITY DATE OF SUBMISSION: 31st DECEMBER, 2011 CORPORATE TAXATION IN BANGLADESH FISCAL ENVIRONMENT OF STOCK MARKET IN BANGLADESH
Words: 5585 - Pages: 23
ACCT553 Week 7 Homework Chapters 10-11-12 1. Please explain the distinction between a "realized" gain and a "recognized" gain. (5 pts) A realized gain is the excess of the amount realized on a sale or exchange over the basis of the property sold or exchanged. The recognized gain is the amount of the realized gain that will be treated as income and subject to tax on the seller’s income tax return. 2. Are there any limits to the deductibility of losses on sales and exchanges between related
Words: 322 - Pages: 2
URA PRESENTATION The Theme of the Business Forum is : “Developing the Private Sector is Developing Uganda’’. The Purpose is to promote Trade, Investment and Tourism between Uganda and Nordic Countries. Topic : “The Role of URA in the development of Private sector in Uganda’’. Presenter: Katungwensi John Tinka Manager South Western Region( DT) 17th – 19th September 2013 Copenhagen Sweden. PRESENTATION OUTLINE. Introduction - Brief about Uganda Revenue Authority( URA) - The structure of
Words: 1260 - Pages: 6
public services, transport and healthcare as well as the carefree lifestyle that many Australians have grown accustomed to. However, the Australian taxation system has been persistently scrutinized by its taxpayers for its many pitfalls in providing an equitable means of raising government revenue. In my opinion, the major shortcomings of the Australian taxation system include its lack of neutrality, with reference to high-income earners and small business owners, its constant lobbying towards the baby
Words: 2534 - Pages: 11
