motivation of tax payers Tax compliance has been linked heavily with deterrence as the most important compliance-increasing factor but now a days importance of tax morale is being considered as intrinsic motivational toll for the honestly pay taxes. Tax morale , however, depends on the positive interaction of individual taxpayers and the taxing authority through fiscal exchange in a broader arena . Fiscal exchange, for example, may involve adequate provision of public services for the tax payers rather
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excellent education background gets a job, while the marginalized people are left unemployed. I heard from the news say there is a big gap of the rich and the poor, “the poor get poorer and the rich get richer”, because of unequal distribution of wealth and opportunities. I think the reason of this because the poor don’t have good education; they only finish elementary or high school or finished college from a school that is not known. The poor has a limited opportunity while the rich has a numerous
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empowerment is both morally right and good economics, because discrimination, poverty and ignorance restrict growth, while investments in education, infrastructure and scientific and technological research increase it, creating more good jobs and new wealth for all of us.” -William J. Clinton The world works in a series of actions and reactions. Everyday something happens that occurs as a reaction of something else, which respectively was a reaction of yet another event. Looking at the world
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The disappeared – Essay response 1. El Pais is a fictional country in Central America and President Andrews was in control of the country and he was communist. He agreed with equal rights to make everyone especially the poor people have the same rights as the rich people, he was a hero for the poor people but unfortunately he was assassinated by General Gustav and soon he was in control of El Pais. The people soon were no longer seen and they were known as “The Disappeared”. I created a character
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x Chapter 1 Summary of End-of-Chapter Problem Revisions |2012 Edition |2011 Edition | | |Problem Number |Problem Number |2012 Edition Modifications | |1 |1 | | |2 |2
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The economic benefit doctrine is a state of a person's wealth versus actual money received by financial transactions. The economic's view of money is not practical for tax purposes. One person's view of wealth can differ greatly from another person's view of wealth. The economic concept places heavy emphasis on the future. The following is an example of the economic benefit doctrine: I own a home today and the fair market value of the home is $250,000. Five years from today, the home appreciates
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Executive Compensation has become the most contentious issue in corporate governments. Many critics claim that poorly designed executive compensation incentives helped caused the recent financial collapse, but disagree widely about what was wrong with those designs. Some also claim that many American executives are overpaid, that their pay reflects their own influence over their boards rather than a disinterested evaluation of their worth. Management and investors are wrestling over their roles in
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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
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This book points out that wealth inequality inheres in the 21 century capitalism. The author, Thomas Piketty, says the polarization of wealth has become more serious since the return on capital is bigger than the economic growth rate. Simply put, the speed at which money makes money is much greater than the speed at which labor makes money. As a result, the faster accumulation of capital is the main culprit of inequality. South Korea is no exception. Despite of economic growth, real wage is
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trickle-down economics. There are four pillars that are associated with the economic policy of Reagan and they include: reduce government economic regulation, reduce growth of how much the government spends, reduce the marginal tax rates such as capital gains tax and income tax and lastly reduce the level of inflation by controlling money supply growth. These four policies were expected to increase investment and savings, balance the U.S. budget, reduce inflation, increase the economic growth rate,
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