The Growth Record of the Indian Economy, 1950-2008: A Story of Sustained Savings and Investment Rakesh Mohan* I deem it a real privilege to visit the Institute of Economic Growth to deliver the keynote address at this prestigious conference on growth and macroeconomic issues and challenges in India. I am particularly happy that this Conference is being organised by the Institute as a part of its Golden Jubilee celebrations. The Institute has established a long and creditable track record of contributing
Words: 12464 - Pages: 50
The root-causes of the Greek sovereign debt crisis Basil Manessiotis paper presented at the 2nd Bank of Greece workshop on the economies of Eastern European and Mediterranean countries Athens, 6 May 2011 1 Introduction To better understand the current sovereign debt crisis in Greece, a longer view is warranted The 20 year period 1989-2009 is bounded by two major fiscal crises in Greece: the 1989-1993 crisis, and the ongoing crisis. In both crises deficits exceeded 15,0% of GDP. In between
Words: 2403 - Pages: 10
business as tax practitioner and have recently gained three new clients. They are Simon - a manager working for Able plc, Oliver Green - a self-employed running a health food shop and a corporation operating in UK. We are assigned to help them calculate their relevant income, expense and allowance, income tax payable for the tax year 2006/07, capital gain tax payable, the profit chargeable to corporation tax, corporation tax liability and give them some advices to reduce the personal tax liability
Words: 5498 - Pages: 22
In 44 B.C., Cicero argued how "Old men...as they become less capable of physical exertion, should redouble their intellectual activity, and their principal occupation should be to assist the young, their friends, and above all their country with their wisdom and sagacity." (1) As a culture this should have been the law of the land, however over the last six decades or so America’s elderly population have not only been stripped off their money, but also of their social standing, political rights
Words: 1289 - Pages: 6
DEVELOPMENT THEORY AND EXPERIENCE PROJECT CORRUPTION AND DEVELOPMENT PREPARED BY:- SHREYA BHARADWAJ(623) SWATI PAHWA(662) CONTENTS 1. What is corruption? 2. Need for a theory of corruption 3. Origin of corruption 4. Causes of corruption 5. Measuring corruption 6. A sketch of a theory linking corruption and development. 7. Correlation 8. Effect of corruption on development 9. Conclusion 10.Bibliography 11. Appendix 1
Words: 3084 - Pages: 13
Personal property, also referred to as movable property, is anything other than land that can be the subject of ownership, including stocks, money, notes, Patents, and copyrights, as well as intangible property. Real property is land and ordinarily anything erected on, growing on, or affixed to it, including buildings and crops. The term is also used to declare any rights that issue from the ownership of land. The terms real estate and real property generally refer to land. The term land, in its
Words: 2116 - Pages: 9
Common Sense Approach to Reforming the Federal Tax System On February 3, 2013 marked the 100th birthday of the 16th Amendment. The 16th Amendment paved the way for the creation of the federal income tax that continues to this day to have far reaching repercussions on the American tax payer. Before the ratification of the 16th Amendment, the birth of the federal income tax dates back to the Civil War. In order to finance the Civil War, President Abraham Lincoln signed into law Revenue Act of
Words: 3688 - Pages: 15
transfers of property to a corporation to escape taxation, thus allowing the business to incorporated tax free. This allows taxpayers to postpone any gain or loss until there is a substantive change in the taxpayer's investment, which encourages investment in start-up enterprises. 14-20 C corporations may select any fiscal or calendar tax year. Other forms of organization are required to adopt the tax year of their owners unless a business purpose can be established. 14-22 Corporate taxpayers
Words: 256 - Pages: 2
（交易） in secondary markets. Another type of financial market is the bond market. Bond: a financial security that represents a promise to repay a fixed amount of funds Firms and governments running budget deficits (spending more than they receive in tax revenue) can borrow funds by selling bonds in a primary market. The seller of the bond promises to pay the buyer of the bond an interest payment each year for the term of the bond as well as a final payment of the amount of the loan (the principal)
Words: 2794 - Pages: 12
Terms and Regulations of an Independent Contractor Affordable Fun Jumps 1. Independent Contractor Relationship. The parties agree and acknowledge that the relationship of the contractor with Affordable Fun Jumps hereunder is that of an independent contractor and any and all services performed or provided by the contractor hereunder shall be performed or provided by it in such capacity. The contractor shall in no way and for no purpose hereunder be considered an agent, servant, employee,
Words: 1680 - Pages: 7
