income inequality, and on that count America doesn’t fare badly in comparison to other OECD countries. At 0.57, America is neck-and-neck with Spain and every Scandinavian nation, and less unequal than Britain, Greece and Ireland. But the American taxation and welfare state clips only 0.15 off of the pre-tax-and-transfer Gini coefficient, while more aggressively egalitarian countries slice off 0.20 (Luxembourg, Norway), 0.24 (Germany, the Netherlands, Sweden) or 0.28 (Ireland).
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INCOME TAX PAYMENT CHALLAN PSID # : 5359486 RTO-III KARACHI Name of LTU/MTU/RTO Nature of Tax Payment Payment Section Current Demand Deduction at Source 137 (Section) Taxpayer's Particulars NTN Taxpayer's Name Business Name Address R-1172 BLOCK-8 AZIZABAD F B AREA FOR WITHHOLDING TAXES ONLY NTN/FTN of Withholding agent Name of withholding agent Total no. of Taxpayers Total Tax Deducted CNIC/Reg./Inc. No. 6 7 2011 Tax Year With Return Misc / Others Salary Month/Year (only for payment u/s 149) 24
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IB economics - internal assessment Name - Title of the article - MCHI-Credai moves court against VAT Source of the article- http://articles.timesofindia.indiatimes.com/2012-10-28/india-business/34779915_1_flat-buyers-mchi-credai-vat Date article was published- 28/10/2012 Date article was written on - 08/01/2013 Word count - 662 Section of the syllabus the article relates to - Section 1:Microeconomics
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Enumerate the trade effects of various export taxes. 1) INSTRUMENTS OF EXPORT RESTRICTIONS There are various forms of export restrictions. These include export taxes, export bans, regulated exports, supervised exports. A. Export taxes: ad valorem tax, specified as a percentage tax of the value of the product; or a specific tax. All types of export taxes have the effect of reducing the volume of exports and are therefore a form of export restriction. B. Export
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Self-employment tax in addition to or in lieu of federal income tax? -The tax base for the Social Security and Medicare taxes for an employee or employer is the employee wage. The tax base for Social Security and Medicare taxes for a Self-employed individual is the Net earnings from the Self-employment. The Self-employment tax is in addition to the federal income tax. 17.) What are unemployment taxes? -Unemployment taxes are taxes paid by employers into a federal or state fund that pays for temporary
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Midterm Exam Review 1.The revenue recognition principle provides that revenue is recognized when? Pages 907-8 Dot Point, Inc. is a retailer of washers and dryers and offers a three-year service contract on each appliance sold. Although Dot Point sells the appliances on an installment basis, all service contracts are cash sales at the time of purchase by the buyer. Collections received for service contracts should be recorded when? An alternative available when the seller is exposed to continued
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employees. There is no limitation for taxable earnings on Medicare taxes. Because mandated by law, Forward Style Inc. does not have influence in design of this benefit. Unemployment Insurance also mandated by law is financed by federal and state taxes on employers. The Federal Unemployment Tax (FUTA) rate for 2012 is 6% on the first $7,000 of each employee’s wages. Employers may claim a credit against their FUTA tax for contributions paid under state statutes, up to 5.4% of wages paid. New Mexico’s
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Question: 1. Locate the annual balance sheets for General Motors (GM), Merk (MRK), and Kellogg (K). For each company calculate the long term debt-equity ratio for the prior two years. Why would these companies use such different capitals structures? 2. Look up a company and download the annual income statements. For the most recent year, calculate the average tax rate and EBIT, and find the total interest expense. From the annual balance sheets calculate the total long-term debts (including
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INDIRECT TAXATION, IS IT GOOD OR BAD? Imposing Taxation is not bad after all because this is one way how government raises income or revenues to be used for the expenses of the government. Thus; a good taxation process is a foundation of the country’s economic status. Indirect taxation, levied on articles of consumption, has this great advantage,—that the consumer has the power of taxing himself or avoiding taxation as he pleases, and government has the satisfaction of knowing that he generally
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INCOME TAX ADMINISTRATION AND PERFORMANCE OF SMALL SCALE ENTERPRISES IN UGANDA ACASE STUDY OF GULU MUNICIPALITY BY HENRY EGYEYU ABSTRACT The research study was aimed at establishing effect of Income Tax Administration on the performance of small Scale Enterprises. Using Gulu Municipality as a case, in all Small Scale Businesses which were selected were analyzed and supplementary data was got from the respondents. The objectives of the study were
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