Aug 19th 1999 | WASHINGTON, DC | From the print edition Timekeeper THE phrase “a tax on jobs” is usually an insult to some revenue-raising scheme that increases the cost of labour by mistake. In Portland, Oregon, it is an exact description of city policy. Intel, the world's largest chip maker, has recently agreed to pay the county $1,000 a year for each new person it hires once its regional workforce has increased by 1,000. And this is not for some paperclip-making factory. Intel is Portland's
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Executive Summary: The IRS brings a case against taxpayer David Hobson in matters pertaining to exclusion of income, deductions for expenses related to excluded income, and deductions for business expenses. We determined that the taxpayer owes taxes on improperly excluded income and improperly deducted expenses as a double benefit. Facts: * Taxpayer excluded income in the amount of $1000 per month, claiming that part of his compensation for work as a minister is a rental allowance from his
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------------------------------------------------- Tax Environment and Personal Tax Liabilities Prepared for: Mr. Jubred A. Peñano, MBA Unit: Taxation Banking Academy, Hanoi BTEC HND in Business (Finance) Prepared by: Nguyễn Ngọc Mỹ - Elena Class: S06 Submission Date: 5th November, 2014 Hanoi, November 5th 2014 Table of content INTRODUCTION This report will help Richard who intends to return to the UK business more tax. Because he lived in Vietnam for 15 years, so if he
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worth of home accessories and an all-expense paid trip to Disney World. During the lease term, Surprise Home Renovation expensed approximately $250,000 in renovating and remodeling the Sanchez home. The Sanchez’ would like to affirm the potential tax consequences of the engagement with Surprise Home Renovation. Issues 1. Should the consideration of the lease be considered rental income, prize, or neither? 2. Was the consideration received, or a portion thereof, for the leasehold rights
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budget deficit in the mid-1980 by cutting spending. Their refusal to cut spending aims at reducing their budget deficits and protecting American oil producers against foreign competition which they perceive as ‘cheap’. Instead, they decided to impose a tax all the crude oil and other refined products they get from foreign countries to match declines in the prices of world oil. The proponents of the move argued that the implementation of such a policy would have little effect on the American economic activities
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Stable Money Makers - Alpaca Business Betty Parks, a 49 year old building code auditor, became frustrated as she watched her retirement investment in a 401K move in the wrong direction. Specifically, Betty lost approximately 50% of her investment in the 401K, she had planned to use for retirement. After three years of research, Betty decided to make an unconventional investment of $56,000 in tangible assets, the Alpacas. Fortunately for her, she had two new alpaca babies at the end of the first
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the NDA Government was to find a more robust path towards fiscal consolidation keeping in mind both the need for more investment to boost the economy and welfare measures for the people. Among the remarkable measures is the move towards a more stable tax regime, encouragement of Foreign Direct Investment in sectors like defence, insurance and real estate and a push towards infrastructure, power, water and sanitation. The Finance Minister said that the present budget was only a beginning towards a 7-8%
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This essay endeavors to discuss the connection between citizenship education and civic education. It will further look at whether there is a difference between the two or if they are the same. Lastly, the conclusion will be drawn. Before going into a detailed discussion it is prudent to define the key words, that is , Civic education and Citizenship education respectively. Civic Education is a broader field and therefore can be defined in many different ways depending on the orientation of the
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plan. President Obama recently initiated the Affordable Care Act as our new healthcare plan. This new plan is a 2,400 page long document with huge costs. The plan will add a trillion dollars in health care spending. Obamacare calls for a $500 billion tax increase on citizens with an additional $500 billion is taken from Medicare, a plan that has benefited us for a long time. Obamcare will help people but at what cost? How can we afford to pay billions without going bankrupt? President Obama’s plan will
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on a radio interview. Listen to the full interview.) The corporate headquarters of the new company will be in Canada, allowing it to take advantage of the country's lower tax rates. The US corporate tax rate is 35 percent, but it's only 26.5 percent in Ontario, Canada, where Tim Hortons is based. The company, though, has said tax avoidance was not a primary reason for the deal. The buyout has drawn mixed reactions from Canadians, according to Bloomberg News reporter Katia Dmitrieva. “Canadians are
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