Taxation Essays (Examples)

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Regime Change and Democratization of

Words: 1807 Length: 6 Pages Document Type: Term Paper Paper #: 42588169

This advertisement policy has to be subtle because any overt bombardment by an American company will likely cause a severe anti-American backlash for the product. However, subtle methods such as billboard ads and culturally sensitive advertisements could be an effective method for American cosmetics to be slowly and carefully introduced to the market. Distribution is another key point to consider because if the product is to be successful it must have a much better distribution infrastructure than local competitors. Furthermore, if distribution outlets employ Iraqis on the local level who are already culturally in sinc with what consumer needs are then it will be much easier to establish a foothold within the market. An effective distribution plan would be to create a multi-tiered marketing effort and give local Iraqis heavy monetary incentive to sell this product locally. Using this method, distribution occurs through local channels that take advantage of personal…… [Read More]

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Election of 1992

Words: 1441 Length: 4 Pages Document Type: Term Paper Paper #: 14241195

presidential election of 1992 was a tight race, compared to others in history. The struggle between the Clinton camp, which focused on a platform involving the economy, the Bush camp, who focused on a platform whose basis was trust and taxes, and the Perot camp, who relied on a business-style economic platform, all combined to form one of the most interesting and changing races in recent years. This paper will discuss how Clinton used his economic platform to win a difficult election, and how the Bush campaign's overconfidence and faulty pre-election strategy helped Clinton to win what some believed was an unwinnable race for the Democratic Party.

It is important to first understand the incumbent's reliance on his popularity in the era of a victory in Iraq, and in the post-cold war atmosphere. In 1992, the American population found themselves in a changed world, where the Berlin Wall and intercontinental…… [Read More]

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Eclac the Economic Commission for

Words: 2786 Length: 10 Pages Document Type: Term Paper Paper #: 95321535

5% unemployment figure, 7.6% inflation ratio, and $4.5 trillion in debt, Guatemala is forced to rely on external factors to survive.

National exports are coffee, sugar, bananas, fruits and vegetables, cardamom, meat, apparel, petroleum, electricity and the 9/11 events in the United States have severely impacted tourist trade.

Venezuela

Venezuela is a federal republic with over 24 million citizens, 67% of which live in poverty and 14% are unemployed.

The GDP is made up primarily of services with petroleum, bauxite and aluminum, steel, chemicals, and agricultural products composing the primary exports. Tourism is impacted negatively by the events of terrorism and the typical 587,000 visitors each year has dwindled considerably.

The Argument

ECLAC's annual calendar reflects multiple meetings, lectures, educational workshops, conferences, seminars, and training sessions. Nowhere is there found a work initiative, a concerted on-site initiative or focused fund raiser, or any effort of measurable practicality.

According to the…… [Read More]

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Labor Force Has Always Been a Prime

Words: 1292 Length: 4 Pages Document Type: Essay Paper #: 27911378

labor force has always been a prime concern amongst classical political economists, starting with Petty and continuing to theorists such as Adam Smith, Ricardo, Malthus, and Marx. Labor implies the activity of production that goes into producing the good of value but whilst some theorists, such as Smith, have focused on the outcome of the labor activity, others, such as famously Marx, have considered the conditions of the laborer himself. Some theories too, such as those of Ricardo have been primarily descriptive. Others, such as those of Marx and Malthus, have included prescriptive components. Ultimately, all classical political economic theories have included prescription of better understanding and dealing with the human race on an economic scheme.

William Petty, observing Dutch laborers at their shipyards, noticed how they performed their work better than anyone else and how employing the method that they used, owners could utilize cheap and unskilled labor thereby…… [Read More]

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Woolworth Limited Business Strategy Reprot Background to

Words: 2636 Length: 9 Pages Document Type: Essay Paper #: 80619491

Woolworth LIMITED

Business Strategy Reprot

Background to Company

Woolworth Limited is the food and takeaway liquor retailer in Australia, often colloquially known as "Woolies' and going by the slogan 'The fresh food people'. It operates in every Australian state and territory. Offshoots are Woolworth's online (Homeshop) which allows uses to purchase food over the Internet and Woolworth's Liquor a department of Woolworth's supermarket stores (IRIS Tasmania, November 2007).

Challenges

Woolworth Limited has to follow government rules and regulations. The political factor involved in this situation is creating both opportunities and a threat for Woolworth Limited. It is an advantage in that it affords Woolworth a diverse work crew since the Australian government applies the Fair Work system that requires that employees and other staff receive maximum weekly hours, protections from unfair dismissal of employee, flexible working roaster, balance between work and family life, and advance notice of termination and redundancy…… [Read More]

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Business Entities Laws and Regulations Information

Words: 2499 Length: 8 Pages Document Type: Essay Paper #: 85770249

Transaction Under Each of the Five Ethical Theories

Ethical fundamentalism:

Juanita's behavior is clearly in contravention of a normative code of ethics since each of the world's religions proscribe bribery. The Bible, for instance, as does the Koran goes on in depth about the severity of perverting justice and bring officials or any one involved in the jurisprudence sector.

Utilitarianism

Utilitarianism is somewhat stickier in application. If Juanita's behavior provides the greatest amount of people in her environment with pleasure, she can, consequently, proceed. Utilitarianism is, however, not so clear in this situation for how do you define and set the limits to providing happiness t o the greatest amount of people. Who are the majority in this case? Are they the employees in Giantcorp and the bribed official (as well as recipients who profit from the bribe)? Are they competitors to the company? Are they the specific country? Or…… [Read More]

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Universal Healthcare the National Health

Words: 744 Length: 2 Pages Document Type: Research Paper Paper #: 80363746

This drug is far more available in the U.S. Others complain about waiting lists for specialists or refusals by their GPs to see much-needed specialists. Specialists in fields of practice such as mental health and dentistry are often scarce, in certain areas of the country. And because of lower tax revenues due to the recession and rising costs due to the aging of the population, the NHS has placed limits on routine orthopedic surgeries, such as hip and knee replacements, and radically restricted the funding of infertility treatments (Donnelly 2010).

However, despite these admitted problems, the United States spends almost 15% of gross domestic product on health care compared with less than 8% in the United Kingdom and a higher proportion of the British population thinks their system works well. (Hull 2005). When the recent Conservative government was elected to power, it reassured the nation that it would take steps…… [Read More]

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Business Plan Shells Fine Dining

Words: 2902 Length: 10 Pages Document Type: Business Plan Paper #: 627888

Malone (1996) suggests where there is a city (Melbourne) and water, (Riverfront) there is capital and room for much in the way of growth and financials.

3.7 Promotional strategy

Shells will distinguish itself from competitors by providing consumers a fine dining experience without the costs normally associated with fine dining. Shells will provide customers an experience that fulfills their dreams and desires. Sections of the restaurant will cater to consumers interested in capturing certain themes or emotions during their fine dining experience.

Legal Requirements

4.1 Legal Structure

Shells Fine Dining is established as a partnership.

4.2 Licensing

Shells will acquire appropriate licensing including licensing as a commercial dining establishment and liquor licensing as requirement by the City of Melbourne.

4.3 Insurance

Shells will obtain all insurance as required by a fine dining established as per the City of Melbourne's legal requirements. This insurance will also cover natural disaster or loss…… [Read More]

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History of the Early National

Words: 1208 Length: 4 Pages Document Type: Term Paper Paper #: 72452668



Aside from the practical considerations provided by the system which split the federal and local authorities, there was also the matter of the limitation of powers. In this sense, the central government was built in such a manner as to express the boundaries of the influence even the elected office representatives had on the particular issues concerning each state. Thus, the Congress and the House of Representatives were established and these institutions came to represent the essence of the American Republicanism and democracy.

Despite these revolutionary ideals, the interpretation of the Republican creed came to be associated with the industrial aspects of the economy. As the country began to flourish and the economic development came to be associated more and more with the industrial revolution, so did the Republican political thought. The issue related to the taxation without representation and the subsequent debates that emerged gave way to an increasingly…… [Read More]

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Olde Distillerie Going Global With

Words: 4780 Length: 15 Pages Document Type: Term Paper Paper #: 4950119

The rules and regulations are designed to level the competition and to disrupt advantages of a country based on price and favored tax status. All of the countries in the union must abide by these tax and trade regulations. In January of 2004, Denmark and Sweden were forced to remove import restrictions on alcohol purchased for personal consumption (EPHA, 2007).

A recent decision by the European Court of Justice (ECJ) determined that the Swedes have attained a monopoly on alcohol. They are attempting to limit the general consumption and limit underage drinking in their country. Alcoholism is considered to be problematic in Sweden and lawmakers see a need to take measures to attempt to curb overall consumption of alcoholic beverages.

The effects of this decision are two-fold, when one considers the impact on expanding Olde Distillerie products to Sweden. The first affect is that this decision supports alcohol as an…… [Read More]

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Food Prices Over the Past

Words: 5030 Length: 17 Pages Document Type: Research Proposal Paper #: 86265982



In developing countries, consumers are more affected for two reasons. One is that consumers are more likely to buy raw ingredients. Without manufacturing entities to absorb some of the commodity price increases, consumers are left to absorb almost all of the increase (Ibid.). As a result, food prices have increased more in the developing world than in the developed world. Additionally, consumers in these countries already expend a significantly higher percentage of their income on food than do consumers in Western nations. Thus, demand for food in the developing world is price elastic and consumers suffer because they are unable to meet their food needs.

In the developed world, increased food prices suppress demand in other sectors of the economy, which can cause minor shocks in employment and investment in some businesses and industries. In the developing world, food price shocks can result in starvation and civil unrest. The recent…… [Read More]

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Ethical Issues in Law Enforcement

Words: 2631 Length: 8 Pages Document Type: Thesis Paper #: 29653362

J. Simpson or John Gotti. In both cases, the defendants are entitled to the presumption of innocence only in court; but there is no such "presumption" in the intellectual "court" of one's mind.

A lawyer with integrity would refuse to represent any defendant he believed was probably guilty of horrendous crimes and simply let that defendant be represented by a court-appointed attorney who is obligated by law to represent any defendant who cannot afford a private attorney. If all criminal defense lawyers had high personal ethical standards, the Simpsons and Gottis of the world would find it impossible to retain any defense counsel other than those obligated by law to take their cases.

4. Define and briefly explain ethical dilemma. Of the four categories of dilemmas: discretion, duty, honesty and loyalty, which one applies best to the following situations? Explain your rationale. Also, explain how an officer might analyze the…… [Read More]

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Marketing Strategies - Breakfast Cereal

Words: 3102 Length: 10 Pages Document Type: Essay Paper #: 33803914



Partial cost recovery. This is an objective that might have interest for an organization that has other revenue sources.

Maximize quantity. The objective seeks to maximize the quantity of products/services sold or the number of customers in order to reduce costs in the long-term as predicted by the learning curve, also known as the experience curve.

Quality leadership. Use price as a tool to designate high quality and position the product as a quality leader.

Survival. Whenever the market situation is in decline or at overcapacity, a company may choose a pricing level that covers the costs and allows it to remain in the market even though the profits may be affected. This is usually a short-term strategy.

Status quo. A company may choose price stabilization, thus avoiding price wars and maintaining a moderate profit level.

'Nutri Mix' will be positioned as a medium priced product, just like other healthy…… [Read More]

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Opportunity Cost There Are Four

Words: 559 Length: 2 Pages Document Type: Case Study Paper #: 4905726

In the end, those new highways will be just as congested as the current ones. This option appears to fill the benefits of both the stadium and the education options, at least in the short run. The long-run benefits of more highways are questionable, whereas the long-run benefits of better education are not.

The no new taxes option argues that by keeping taxes low. There are some perceived benefits of this -- for example lower taxes attracting business and investment. It is questionable the degree to which a temporary half-cent sales tax increase would hurt business investment, however. In addition, the opportunity costs of two major long-term infrastructure projects in education and transportation should be considered. Economic growth throughout the world has been predicated on the provision of infrastructure such as improved transportation and education. It is not reasonable to assume that future investments need not be made. An inadequate…… [Read More]

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Improving Carbon Management to Mitigate

Words: 4856 Length: 15 Pages Document Type: Research Proposal Paper #: 86822626



Figure 3. Central England Temperature

Note: Blue bars indicates changes in CET annual values during the period 1877 to 2006 relative to the average over the 1961-90 baseline period (about 9.5 "C). Error bars enclose the 95% confidence range and the red line highlights decadal variations.

Source: UK Climate Projections 2011 at http://ukclimateprojections.defra.gov.uk / content/view/751/500/

As shown in Figure 3 above, the Central England temperature (CET) has increased by approximately one degree Celsius since 1980; in fact, the year 2006 was the warmest on record (Central England temperature 2010). Some salient trends represented by these historic weather patterns include:

1. Following a period of relative long-term stability for most of the 20th century, CET has increased by about a degree Celsius since the 1980s. This is a more rapid rise than that of the global average land-surface temperature over the same period, and considerably faster than that of the global…… [Read More]

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Business Entities for the Bar

Words: 1326 Length: 4 Pages Document Type: Essay Paper #: 38718977

However, as Nick is unqualified for the position, the medical question is moot -- Nick would not be hired because he has no experience.

Michelle has some past experience and would be under consideration. Under the terms of the Pregnancy Discrimination Act prohibits discrimination on the basis of pregnancy in employment. The Act does not explicitly prohibit Mei-Lin from inquiring about the pregnancy, but it is recommended that she refrain from doing so, as that inquiry could be used against the company in a discrimination suit should Michelle not be hired. Although ethics are not encompassed in the law, from an ethical point-of-view it would be irresponsible for SureBuild to hire Michelle, as working as a jackhammer operator would put the fetus at risk, there could be legal action taken against the company as a result for failing to provide the fetus with adequate duty of care.

Eric is experienced,…… [Read More]

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Business Entities Laws and Regulations

Words: 1038 Length: 3 Pages Document Type: Term Paper Paper #: 35247129

Felipe's inability to speak English would be a liability to the company and a possible safety threat, so he should not be hired as well. That leaves Eric and Michelle, who are both qualified candidates and could therefore both be hired. Even though Eric does not have a high school diploma, his life experience should make up for the lack of education, and he knows how to work a jackhammer. Michelle is perfectly qualified, and cannot be turned down solely because of her (supposed) pregnancy, and is therefore the top choice according to the criteria. However, if either of their interviews provided a legitimate reason to why they would not be able to work, they would not have to be hired.

As a provider for Stonecraft Builders, Paul would do well to incorporate his proprietorship into a corporation. The process would take some time: he would need to file the…… [Read More]

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Benefits of Flat Tax Over Progressive Tax Policy

Words: 4659 Length: 16 Pages Document Type: Term Paper Paper #: 88442003

Flat Tax over the Current Tax

Policy

The focus of this paper is to demonstrate effectiveness of flat tax over the current tax rate. Presently, the U.S. government employs progressively tax law as the current tax policy. Under the current tax policy, the government increases taxes with increase in income. Analysis of the current tax policy reveals that the tax system is very complicated to understand because corporate organizations face multiple taxations in a fiscal year. Moreover, the current tax forms are very complicated for an ordinary taxpayer to understand. Based on the complications associated to the current tax policy, this paper proposes the flat tax policy that will make all businesses and individuals to pay equal tax rate. The paper provides several benefits of flat tax policy over the current tax system. For example, the flat tax will adopt the basic principle of taxation. The tax returns of the…… [Read More]

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Tax Law the Nature of

Words: 3529 Length: 8 Pages Document Type: Term Paper Paper #: 65889154

With regard to the salaried people the federal tax system has improvised a method to flush the surplus spending funds in advance by the mandatory provision of requiring employers to withhold tax from payments in advance which on remitting will be computed as part of the total tax liability of the employee. This method of advance collection is an important feature said to be the pillar of the tax system. The collected amounts are either adjusted to the next year tax if surplus, or credited if equal. This collection method raises revenue to the tune of seventy billion Dollars annually.

The taxation of company income is the subject of a debate. While individual income is taxed, the taxing of corporate income by legal fiction of considering it an entity has caused ire to noted economists and business persons. Heavy burden is shouldered by the stock holder, who also pays the…… [Read More]

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England's Financial System and Its

Words: 4145 Length: 10 Pages Document Type: Term Paper Paper #: 16290222

Instead, Britain could use its vast navy and naval blockades to enforce the provisions of the Sugar Act. Therefore, while the Sugar Act actually lowered the amount of the duties, it resulted in far stricter enforcement of the laws. The result of the Sugar Act was immediate economic hardship in the colonies:

Rum distilling slumped badly and colonial exports overall dropped sharply. The slowing economy was further impacted by currency contraction as people, uncertain of the future, tried to retain their funds; efforts were made to settle debts with paper money rather than gold or silver.

The Sugar Act caused alarm in the American colonies, partly because of the expected economic disadvantages, but also because of a number of other reasons, one of the most important being the severe implementation by the navy." Although the colonists grumbled about the Sugar Act and threatened to boycott British merchants, the Sugar Act…… [Read More]

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Tax Systems Are an Important and Integral

Words: 2419 Length: 6 Pages Document Type: Literature Review Chapter Paper #: 80028914

Tax systems are an important and integral part of any economy around the world. Taxes are imposed by the governments on various activities and it eventually becomes an important source of revenue generation for the governments. Governments use tax revenues in order to finance their public expenditures. Besides that taxation systems are also a very important tool for the governments in order to influence the aggregate demand and consumer expenditures in the economy. This means that the governments influence the way people spend their money. This in turn influences the rate of inflation and employment in the economy.

On a broader perspective there are two types of taxation systems namely direct taxes and in direct taxes. Direct taxes are taxed charged on one's income and they cannot be avoided as they are charged at source. Examples of such taxation system include income tax and corporation taxes. In contrast, indirect taxation…… [Read More]

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Offshore Financial Centres and Their

Words: 22477 Length: 60 Pages Document Type: Dissertation Paper #: 31068943



Because the home country is not required to reimburse foreign depositors for losses, there is no corresponding financial penalty for lax supervision; there is, though, a benefit to the country with lenient regulatory policies because of increased revenues generated and the employment opportunities these services provide (Edwards 1999). Furthermore, banks seeking to conduct multinational business are attracted to countries where incorporation laws and the regulatory framework offer less regulatory oversight (Edwards 1999). The quid pro quo nature of offshore financial services is clearly indicated by Edwards's observation that, "Multinational banks provide the offshore financial centre with increased tax revenue and employment for its citizens. Because the benefits outweigh the costs, offshore financial centres have a powerful incentive to maintain lenient regulatory policies. As a result, multinational banks incorporated in an offshore financial center successfully avoid supervision by an effective home country regulator" (1999, p. 1267). Given the scope of the…… [Read More]

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Global Tax Treaties UN Model and OECD

Words: 4790 Length: 12 Pages Document Type: Dissertation or Thesis complete Paper #: 36069664

global tax treaties, UN model and OECD model with the view of analyzing their consideration towards rights to capital and tax income. By throwing light on differences and similarities among the models, the fundamental logic of each of them is explained. The article explains the prospecting policies of consideration when tax treaties are to be signed. It is because there is strong need to enforce a flexible but more aggressive strategy. The Section 1 of the article discusses rights about tax earnings through immovable property. The Section 2 is about business profits. The Section 3 throws light upon income from investment channels like royalties, interests and dividends. The Section 4 describes the capital gains. The conclusion of the article is given in Section 5.

Right to tax income from immovable property

Because of well-known significant relationship between the country of source of the income and the source of income itself,…… [Read More]

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Tax Avoidance versus Tax Evasion

Words: 3179 Length: 8 Pages Document Type: Essay Paper #: 51489888

Tax Avoidance vs. Tax Evasion

The main objective of a tax advisor is to assist his/her clients avoid taxes as much as possible through within the confines of the law in order to avoid crossing the line into tax evasion. In this case, the tax advisor guides his/her clients based on the law regarding tax avoidance and tax evasion. This paper focuses on comparing the concepts of tax avoidance and tax evasion based on Gregory v. Helvering case as well as other cases that mention this case. In this case, the paper will include a discussion of tax avoidance and tax evasion based on cases citing Gregory v. Helvering case. The use of these cases in the discussion is for the purpose of enhancing understanding of tax avoidance and tax evasion and how an individual can avoid evading taxes. This paper will also discuss whether tax liability minimization falls under…… [Read More]

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Tax Revenue Analysis Project Tax

Words: 3010 Length: 10 Pages Document Type: Term Paper Paper #: 34294644

Thus, the per capita tax revenue is presented in Table 5.

Table 5: Ratio: Per Capital Tax Revenue ($Million)

New York

Activities

2010

2009

Tax Revenue

$58,039

$55,804

Total Population

19,378,102

19,378,102

Ratio: Per Capital Tax Revenue

$2,995: 1

$2,880: 1

Pennsylvania

Tax Revenue

$28,300

$27,600

Total Population

12,702,379

12,702,379

Ratio: Per Capital Tax Revenue

$2,228:1

$2,173:1

The findings from table 5 reveal that both states record increase in per capital tax revenue at the end of the fiscal years 2009 to 2010. In the New York, the government realizes ratio of $2,880 per person in 2009. However, the par capital tax revenue increased to $2,995 per person in 2010. Thus, the per capita tax revenue is increasing in the New York. Similarly, Pennsylvania recorded ratio of $2,173 per person in 2009 however, the ratio per capital tax revenue increased to $2,228 at the end of the fiscal year 2010.…… [Read More]

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American Tax System vs Other Countries the

Words: 1778 Length: 7 Pages Document Type: Term Paper Paper #: 70830428

American Tax System vs. Other Countries

The federal government first imposed an individual income tax in 1862 as an emergency means of financing the Civil War. It also established the Bureau of Internal Revenue, predecessor of the Internal Revenue Service. Tax rates were 3% on income from $600 to $10,000 and 5% on income above $10,000. Later in the war the maximum rate increased to 10% of income." (Encarta)

My how times have changed. This paper will compare the tax systems of four different countries to the American tax system. The four countries that have been chosen are South Africa, Mexico, Hong Kong, and New Zealand..

First lets attempt to briefly (if that were possible) explain the American tax system.

The American Tax System

America has a progressive tax system meaning the greatest tax burden is on people who have the most income. The American tax system can be described…… [Read More]

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E-Banking Modernization on the Technological Front by

Words: 4049 Length: 10 Pages Document Type: Term Paper Paper #: 51294490

E-Banking

Modernization on the technological front by the business sector during the nineties has transformed the manner in which Indian businesses are required to be performed. I.T. has launched novel business models and is more and more contributing a major part in enhancing the e-banking services in India. (E-Banking: An Emerging Perspective of the Regulatory and Taxation Issues) The description of e-banking differs among the research fraternity since electronic banking pertains to various categories of services. Burr for instance, explains it as an electronic linkage between the bank and its customer so as to organize, deal with and regulate monetary transactions. Electronic banking can even be described as a diversity of the proposals: (a) Internet Banking or online banking (b) Phone Banking (c) T.V-linked banking (d) Mobile Banking and (e) PC Banking or offline banking. (E-Banking: An Emerging Perspective of the Regulatory and Taxation Issues) The concepts 'Anywhere Banking', 'Tele-Banking',…… [Read More]

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Forming a Partnership Explain the Role of

Words: 2128 Length: 7 Pages Document Type: Essay Paper #: 62881973

Forming a Partnership

Explain the role of agency your business association

Agencies play a key role would play a key role in my limited liability company. In the local business context, different states have put different qualifications for an organization to work as an agency. There are a number of registered agencies in the local context. Most of the agencies are found within the local context of the state because an agent must be a legal resident of the state in question. In many cases, agents are corporate officers or corporation lawyers allowed to serve as registered agents for other business entities. Besides, a business may embrace a third party as its registered agent (Spadaccini, 2007).

For a Limited liability company that I intend to establish, I will have to establish a credible agency to facilitate the running of the business. I will have to establish funds to hire an…… [Read More]

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Urban Sprawl and How States Are Dealing With the Issue

Words: 5621 Length: 20 Pages Document Type: Term Paper Paper #: 59571043

Land Use Planning Policies and Urban Sprawl

IMPORTANCE

Land planning for distribution has progressed manifolds in the past century. Increase in the number of communities in the country raises the demand for urban development. Developments are often referred as revolutionary plans meant for better living. However, by the end of the 20th century perception of better living means away from the mainstream urbanism. Communities shifted to new areas with open space, tranquility and yet with almost the same kind of amenities as those in the urban areas [Williams, 2000].

Urban spread has become a major concern for various reasons. According to some urban sprawl should be controlled through extensive planning campaigns. Proponents of this group argue that the open spaces for farmland, once considered an off-limits arena for the urban commuters, today with the help of developers has slowly encroached on farm designated land. Opponents to sprawl are quick to…… [Read More]

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Mclure C E 1997 Electronic Commerce State Sales

Words: 427 Length: 2 Pages Document Type: Article Review Paper #: 22755689

McLure, C.E. (1997). Electronic commerce, state sales taxation, and intergovernmental fiscal relations. National Tax Journal, 50(4), 731-750.

This study takes place within the context of a marketplace that is that is increasing utilizing electronic commerce as a way to facilitate transactions between vendors and consumers. Taxation in regard to electronic commerce is a complicated situation, which resulted in some confusion and uncertainty for tax administrators and tax payers alike.

The aim of the study by McLure (1997) was to explore the implications associated with electronic commerce as it relates to tax administration. A review was conducted in order to synthesize information with regard to this issue in order to devise a proposal for a solution with regard to taxation and electronic commerce.

Design: This examination was conducted as a systematic review broken down into five succinct sections. The first section, the introduction, presented the situation under investigation, in particular the…… [Read More]

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How Do Taxes Affect Taxpayers

Words: 994 Length: 3 Pages Document Type: Paper #: 62020320

Taxes

Tax laws affect taxpayers because they create the taxpayer and govern all aspects of the taxpayer's obligation to the state. Without tax law, there would be no taxpayer; it is the tax laws that create the obligation to pay taxes, and the punishments for non-payment. Tax laws establish who pays taxes, at what rate they pay taxes, the punishments for late or non-payment, and the establish the tax collection body (IRS) and grant that body the authority to run the tax system. Taxation is one of the major ways in which the state can influence behavior in a democratic country. States have long reserved the right to taxation, and the exclusivity of this right has been a feature of government for centuries. Today, there are usually specific rules regarding what layer of government can levy taxes for what purpose. Taxes have different names, too, including excise taxes, income taxes,…… [Read More]

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British Cannabis Policy Reform

Words: 11793 Length: 37 Pages Document Type: Essay Paper #: 41229071

Cannabis in the UK: De-Penalisation, Decriminalisation, or Legalisation?

In October of 2015, the Parliament of the United Kingdom was forced to debate whether the current prohibition on cannabis should end in some way. "Forced" is the correct word here, because Parliament seems otherwise unwilling to address the issue, but in this case it was obliged by its own policy, whereby any petition signed by at least one hundred thousand people must necessarily trigger a parliamentary debate. In the case of the issue of ending the prohibition on cannabis, the petition requesting that Parliament address the issue received well over the required number of signatures; it was, in the words of Smith (2015), "a petition signed by 220,000 people - the third most popular on Parliament's website." Therefore on 12 October 2015, Parliament was obliged to take up the matter for debate. Liberal Democrat MP Norman Lamb ultimately took up the…… [Read More]

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Economy of the Colonial America

Words: 6520 Length: 15 Pages Document Type: Term Paper Paper #: 59819040

Economy of Colonial America

Brief chronology of the initial economic developments of the colonies

Jamestown, Virginia colony was first to show signs of economic growth

Massachusetts Bay colonists buy corn from Indians

Literature generalizations and postulations on economy of colonies

Puritanism may have helped shape the capitalistic society to evolve

The strength of the British Navy altered colonial approach to economic growth

Colonial farmers' efforts were more towards self-sufficiency than wealth

Rate of Economic Growth in colonies

Colonial economy may have multiplied 25 times over a 120-year period of time

Average per capita annual income in 1650 was $572; in 1720 it was $826

Legislation was enacted requiring colonists to manufacture and use resources

In Virginia in 1661 a law passed ordering counties to establish tanneries

"bounties" were given to counties and cities to encourage production

E. Indentured Servitude was a big part of the colonial economy

1) An estimated…… [Read More]

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Flat Tax System Benefits Progressivity

Words: 5234 Length: 16 Pages Document Type: Term Paper Paper #: 46997297

With expensing, the first tax is abolished. Saving is, in effect, deducted in computing the tax."

The following list summarizes the key aspects of the flat tax (Rabushka, 1997):

1. "The flat tax, in effect, removes the tax code from the economy. No individual, household, or firm needs to take into account any tax complications that arise from their economic decisions and activities. The tax system is designed for the sole purpose of collecting revenue, not for social manipulation of individuals or firms.

2. The flat tax is pro-investment because it permits 100%, first-year writeoff of all investment.

3. The flat tax is non-discriminatory, in that it treats every individual, household, and firm exactly the same. It is fair in this regard. This is an important point of principle, namely, that of enhancing individual economic freedom. The flat tax does not punish success.

4. The flat tax is the essence…… [Read More]

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What Are the Different Business Structures

Words: 907 Length: 3 Pages Document Type: Research Paper Paper #: 64265575

Business Entities
There are four different types of business entities that you can choose for your company. Some of the factors to take into consideration are liability, taxation and ownership structure. The different major business structures will each have their advantages and disadvantages, depending on the needs of your business. Understanding the differences between the different business structures is essential to aligning the structure with your business needs.
The most basic form of business is the sole proprietorship. The sole proprietor is the owner and operator of the business. There are minimal legal requirements to start a sole proprietorship – just the basic licenses to operate a business. For legal and taxation purposes, there is no distinction between the proprietor and the business. The proprietor has full legal liability, and pays taxes as an individual on income earned, at personal tax rates. Further, the business assets are equal to the…… [Read More]

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Elasticity of Demand Elasticities in Government Elasticity

Words: 3126 Length: 11 Pages Document Type: Essay Paper #: 83362498

Elasticity of Demand

Demand elasticities in government

Elasticity of demand and effect on indirect taxation.

Demand elasticities in business

Factors that affect the price elasticity of demand

In this paper, we discuss the microeconomic concept of elasticity of demand. Elasticity of demand, a term which refers to the responsiveness of the demand of a given commodity to change is very integral for the efficient operation of businesses and the government (Hays and DeLurgio,2008).The concept of elasticity of demand which in a way may refer to the responsiveness of the amount of quantity of a product which is demanded to the change in disposable income, price of a good as well as price of related goods is noted to be a subject of discussion in virtually all the textbooks on microeconomic principles. In this paper, we perform a critical evaluation of the view that the knowledge of the various elasticities of…… [Read More]

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Accounting Finance Alternative Approach to Taxes

Words: 1189 Length: 3 Pages Document Type: Research Paper Paper #: 64515614

The common guiding principles of economics provide little direction. As a consequence, U.S. international tax policy is a clutter of rules with a diversity of political and economic reasons. It is frequently described as a concession that strikes a balance. Policy leans toward tightening foreign tax rules and putting foreign income on equal footing with U.S. income when it is thought that foreign investment hurts the U.S. economy. Then policy leans toward relaxing the rules and giving foreign income favorable treatment if it is thought that foreign investment promotes U.S. interests (Sullivan, n.d.).

Due to the fact tat every government charges taxes by its own process and at its own rates, the ensuing system of international taxation often warps investment and adds to reductions in international economic well-being. The environment of these alterations depends on the way of taxing profits from international investment. If investment earnings are taxed only at…… [Read More]

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Nationalism and Martyrdom Symbolic Deaths

Words: 6813 Length: 25 Pages Document Type: Thesis Paper #: 54055180

" (Githens-Mazer, 2007)

2. Use of Figures Labeled Martyrs in the Contemporary Discourse Regarding the Nationalist Movement

The concepts of nationalism and the effects of Nationalism on language are stated to be based on Joshua Fishman's essays entitled: "The Nature of Nationalism" and "the Impact of Nationalism on Language Learning and Language Planning." (Sharon, 1995) Sharon states that Nationalism is defined by Fishman (1972) as "the organizationally heightened and elaborated beliefs, attitudes, and behaviors of societies acting on behalf of their avowed ethnocultural self-interest." Nationalism and Nationism were distinguished by Fishman (1972). Nationalism is stated to contain three components:

1) the expansion or generalizing of the perceived ethno cultural characteristics;

2) the stress on the recognition and importance of these characteristics; and 3) an emphasis on the past traditions, values and symbols normally preserved by the lower classes. (Sharon, 1995)

Nationalist movements are stated by Sharon (1995) to generally "originate…… [Read More]

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Problems Unsolved and a Nation Divided

Words: 958 Length: 3 Pages Document Type: Essay Paper #: 98453945

SWOT Analysis of the U.S. Economy economy has historically been the strongest economy in the world. The economy boasts leadership in areas such as innovation, entrepreneurship, higher education, communications infrastructure, capital markets, and business management (Porter et al., 2016). These aspects make the U.S. economy an envy of many countries around the world. In addition, the economy has demonstrated quite impressive recovery since the devastating 2008/2009 recession. Despite these strengths, the economy has been deteriorating in the last one decade or so, with many of the economic indicators declining to disturbing levels. Indeed, the competitiveness of the economy has been eroding since the late 1990s (Porter et al., 2016). There has been reduced growth in economic output, productivity, investment, and employment. Per capita and household income have declined or stagnated, small businesses have been struggling, startups have been lagging, and inequality has increased. Also, there have been weaknesses in areas…… [Read More]

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Australian Tax on Wine Business Submission -

Words: 2122 Length: 6 Pages Document Type: Essay Paper #: 65157596

Australian Tax on Wine

Business Submission - Australian Tax on Wine

With the Australian government seeking to impose additional taxation upon the use and sale of wine, there have been many outcries of indignation arguing how this would affect the Australian wine industry, and eventually the Australian economy. However, what needs to be considered are the consequences and the public cost of continuing with the discounted taxation to which wine makers in Australia are currently subjected to. The effect on the Australian GDP needs to be taken in to account with the harms that alcoholism in the increasingly youth population is set to unleash, if made available readily and at subsidized prices.

The risks and problems that have arose from the increased alcohol consumption by the Australian public in recent years, especially the young generation, point towards a possible increase in the health deterioration of most Australians while also impacting…… [Read More]

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Offshore Financial Centers Info Definition

Words: 3707 Length: 10 Pages Document Type: Term Paper Paper #: 68177240

Similarly, an offshore might set up a wholly owned subsidiary in an OFC to extend offshore fund administration facilities or other facilities. (the future for offshore financial centers (OFCs)) multinational corporation establishes an offshore bank to deal with its foreign exchange operations or to ease out financing of a joint venture spanning on a global basis. An onshore bank sets up a wholly owned subsidiary in an OFC to extend offshore fund administration services. The proprietor of an onshore bank coming under legal regulation sets up a branch "satellite" bank in an OFC. The appeal of an OFC might comprise no capital tax, no restraining tax on dividends or interest, nil taxation on transfers, nil corporation taxes, no capital gains tax, no exchange controls, lenient legal rules and management, less strict reporting necessities, and trading limitations. Offshore corporations or international business corporations -IBCs are means having restricted liability recorded in…… [Read More]

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Rousseau Social Contract Theory

Words: 1575 Length: 5 Pages Document Type: Essay Paper #: 47503657

Introduction
Several theorists have used social contract theory to understand the government’s role in taking care of the public and addressing the public’s needs. Current political issues offer further examination of social contract theory and how it may help with understanding government obligation and public participation. Rousseau's social contract theory is best and most relevant for understanding and offering solutions to contemporary political issues like mandatory vaccination, taxation, and universal healthcare because it offers a foundation from which to explain the perceived obligations of both the government and the public. Rousseau’s version of social contract theory contrasted against other theorists like Hobbes's and Locke's social contact theories demonstrates how one interpretation of a theory may be better suited for modern political issues over others.
According to social contract theory via Locke’s interpretation, when the government remains unsuccessful in securing natural rights or fulfilling society’s best interest often recognized as the…… [Read More]

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Rise of Public Education in Arkansas

Words: 4510 Length: 10 Pages Document Type: Term Paper Paper #: 87072449

Rise of Public Education in Arkansas

How public education started in Arkansas

Arkansas saw vehement opposition to the education that was considered most essential in view of the political and economic factors. A group consisting of only a few campaigned for education. The supportive factors in favor of education got weaker during the period of 1819 to 1860. The cultivator class normally wanted education of their children in their residences. The costs of private instructors were very high and due to shortage of instructors it was not possible to provide sufficient teachers to the private institutions as per the demand. Supposedly, Caleb Lindsey evidently was teaching in a school running in Lawrence County cave. The payment to teachers was being determined by the ability and performance of the teachers. The tutors were residing in the hired accommodations in towns or in log cabins in the rural areas. Some of the…… [Read More]

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Flat Tax Revolution in Central Europe

Words: 4494 Length: 11 Pages Document Type: Term Paper Paper #: 7888941

Flat Tax Revolution in Central Europe

Backgrounder:

Flat Tax is type of taxation structure where everybody is taxed uniformly at a single rate. Under such a system, in place of a multiple and intricate income tax slabs, the state stipulates a ceiling, exceeding which everyone pays a fixed rate on all their income. With a view to encourage tax payment instead of tax evasion, the ceiling limit is fixed low enough which provides an incentive for the citizens to pay tax. Under the Flat Tax system, there is a single taxation on its inception. In respect of corporate tax, the concept is also similar where there is a similar structure for everybody. Several countries have adopted Flat Tax is a phased manner starting with Estonia in 1991, Latvia in 1994, Lithuania in 1994, Russia in 2001, Serbia in 2003, Ukraine in 2003, Slovakia in 2003, Georgia in 2004 and very…… [Read More]

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Cultural Study of Greece

Words: 3813 Length: 11 Pages Document Type: Term Paper Paper #: 24151306

Country Culture Study of Greece

Denali Products is a company with a range of products and it is planning on opening up its business in Greece. In this report the current economic, political and cultural scenario of Greece has been discussed and it seems that even though the country is facing economic recession, Denali products have a good chance of conducting successful business in the country. The reasons behind this probable success are the business laws of the country which promote foreign investments and businesses to operate within the country. However, the company will have to make a few adjustments especially in their approach of selling the products since the consumers in the country are more focused on buying products that are on deals or discount in order to save money. Therefore, the company will have to come up with deals and other promotional strategies in order to increase their…… [Read More]

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Online Retailing Operates What Kind of Problems

Words: 9794 Length: 35 Pages Document Type: Term Paper Paper #: 10008187

online retailing operates, what kind of problems they face and the kind of environment they operate in. The author has also focused on Asian online retailing and special focus on Hong Kong online retailing. It has 22 sources.

Access of basic necessities of life has followed the conventional method of buying and selling. This pattern changed in the last decade with the emergence of information technology age. When consumers have the ability to access information instantly, technologists thought why not access to products has as well. Thus emerged the concept of retailing online.

Online market had initiated with selling of information but today one can interact on the internet and buy physical products without any fear, atleast in some parts of the world. The main concern for consumers today is not whether their regions have access to the internet or not but rather focused on how fast and how online…… [Read More]

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American Revolution and Taxes

Words: 1416 Length: 4 Pages Document Type: Research Paper Paper #: 2883912

American Revolution and Taxes

There has always been an uneven and uncomfortable relationship among politicians, taxation, and the American people. The old saying, that death and taxes are the only certainties in life, remains nevertheless true. Taxation is as inevitable as the government's duty to provide its people with services. Sometimes, however, when it becomes necessary to raise taxes, people tend to view this in an extremely negative light. From government's point-of-view, taxes are seen as playing a vital role in the delivery of goods and services, as well as infrastructure, in a country. What particularly interests me about this topic is the apparent divide between what taxpayers pour into the IRS and how little they receive in return. Perhaps the conservative argument, to lower taxes and let people create their own wealth rather than wealth for the government, is not the worst possible idea.

From the conservative viewpoint, taxes…… [Read More]

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Healthcare Management Australia's Health Care System Is

Words: 1307 Length: 4 Pages Document Type: Essay Paper #: 93393008

Healthcare Management

Australia's health care system is funded and administered by the national, state, and local government. The initiatives by these levels of government are also supported by private health insurance schemes (Australian Bureau of Statistics, 2012). The Australia's Medicare is funded and administered by the medical services, prescription pharmaceuticals, and hospital treatment. The Australian and territory governments deliver population health programs, community health services, health and medical research, mental health services, and health workforce and health infrastructure. The Australian government primarily funds health services; regulates health products, services and workforce; and national health policy leadership (Australian Bureau of Statistics, 2012). The delivery of healthcare services and management of public health services is the sole responsibility of the states and the territories. This implies that public hospital, community health, and public dental care are a responsibility of state and territorial governments. The state and territorial governments also regulates healthcare providers…… [Read More]

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New Initiatives Company Initiative Analysis of New

Words: 1287 Length: 4 Pages Document Type: Essay Paper #: 95563319

New Initiatives

Company Initiative Analysis

Analysis of New Initiative by Office Depot

Office Depot is a company that was incorporated in 1986, and that year opened its first store in Fort Lauderdale, FL that year (Office Depot, 2012). The company has continued to expand during the past 26 years and continues that tradition by initiating plans to move even farther with its international business. According to one portion of the company website "In addition to doing business in 47 countries, Office Depot has over 1,500 retail locations across the globe. In the U.S., Office Depot has stores in 49 states with 34 Distribution Centers or Crossdock facilities scattered across the country" (Office Depot, 2012). However, this global acquisition and expansion is currently only in the early stages. The company has plans to expand its reach in the United States and abroad by partnering with similar firms in other parts of…… [Read More]

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Australian Business Law the Meaning

Words: 1026 Length: 3 Pages Document Type: Essay Paper #: 19301246

Under the law, this is where the individual is officially receiving the funds (even though they have not physically taken possession of the money). (Taxation Determination 2010) (ANZ Banking Group v FC of T. 94, 2011)

Evidence of this can be seen with the court saying, "The Full Federal Court considered that the Accident Compensation Act 1985 (Vic) creates a presently existing liability to make payments in the future from the moment an employee suffers an injury at work. Such a liability, though perhaps ultimately defeasible, is still a liability 'incurred' within the meaning of section 8-1 of the Income Tax Assessment Act 1997 ('ITAA 1997') (formerly section 51(1) of the Income Tax Assessment Act 1936 ('the ITAA'). Accordingly, the Court held that a deduction is allowable in the year in which the liability arises notwithstanding that the actual payments are not made until a later year. The Court also…… [Read More]

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Reaganomics Richard Nixon Focused on the Economic

Words: 1658 Length: 4 Pages Document Type: Term Paper Paper #: 90595594

Reaganomics

Richard Nixon focused on the economic matters in his initial six months of his tenure with the advice of former president Richard Nixon. The concept of Reaganomics was associated with the supply-oriented economic theorem which formed the basis of the economic policies of Reagan. (Reaganomics Debate: Did Reaganomics improve the Economy?) "The consistent and distinct theme of this program, in Ronald Reagan's words was that only by reducing the growth of government can we increase the growth of the economy" (The Future of Reaganomics) The Program for Economic Recovery introduced by Reagan during 1981 had four major goals such as abatement in the government expenditure, a decline in the marginal tax rates on capital and labor incomes, reduction in economic control and reduction in rate of inflation regulating the growth in the supply of money. Such variations in the policies consequently were anticipated to enhance the saving and investment…… [Read More]

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Drug Legalization as the Country

Words: 3788 Length: 12 Pages Document Type: Term Paper Paper #: 89122943



"As a case in point we may take the known fact of the prevalence of reefer and dope addiction in Negro areas. This is essentially explained in terms of poverty, slum living, and broken families, yet it would be easy to show the lack of drug addiction among other ethnic groups where the same conditions apply." Inciardi 248()

Socio-economic effects

Legalizing drugs has been deemed to have many socio-economic effects. A study that was conducted by Jeffrey a. Miron, who was a Harvard economist estimated that by legalizing drugs, this would inject about $76.8 billion in to the U.S. every year. 44.1 billion dollars would come from savings made from the law enforcement measures and 32.7 billion would be from tax revenue. This revenue can be thought to be broken down as follows: 6.7 billion dollars from marijuana, 22.5 billion from heroin and cocaine and the rest from the other…… [Read More]

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Constitution Economic Powers Constitution Article

Words: 2333 Length: 8 Pages Document Type: Research Proposal Paper #: 63854153

Each state and many banks eventually developed their own currencies, greatly complicating trade and issues of security, both through increased potential for fraud and a lack of reliable knowledge about the strength of a particular currency at any given time. These issues were seen as largely responsible for a series of financial crises in the nineteenth century, and even in part for the Great Depression. The establishment of a uniform national currency was not established via a Constitutional amendment, but it is hard to imagine accepting anything else today.

Section V: Judicial Developments

Other than the judicial interpretation of the taxation powers granted to Congress which led to the ratification of the Sixteenth Amendment as detailed above, judicial development concerning Congress' powers to tax and to mint money has been significantly eclipsed by legislative changes. In fact, there are some significant legal questions concerning the Federal Reserve System and its…… [Read More]

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Tax Advise Table of Contents Optional Louise

Words: 2764 Length: 7 Pages Document Type: A-Level Outline Answer Paper #: 81638421

Tax Advise

Table of Contents (optional)

Louise is aged 50 and single. Since 1994 she has carried on a retail business as a sole trader. Her trading profits as adjusted for tax purposes and after capital allowances, for the year ended 30th April 2009 were $150,000.

The business is carried out from a number of valuable retail outlets, all of which are owned by Louise personally. These units have been acquired over a number of years since 1994 and their market values have increased considerably in recent years.

Apart from her single personal allowance tax credit, Louise is entitled to income tax relief in respect of $10,000, which she pays annually to a Revenue approved pension scheme.

Louise's personal living expenses and other financial commitments total $50,000 per annum (including the contribution of $10,000 to the Revenue approved pension scheme referred to above).

Louise is considering transferring her business to…… [Read More]

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Legalizing Prostitution in California This

Words: 8336 Length: 32 Pages Document Type: Thesis Paper #: 84477532

As far back as 1959, the United Nations recognized the logic and benefits of decriminalizing prostitution, and organizations supporting this decriminalization include the "American Civil Liberties Union, the National Organization of Women, and various prostitute 'unions', the most famous of which is COYOTE (Call Off Your Old Tired Ethics)" (Rio, 1991, p. 206). And as far back as 1971, the San Francisco Committee on Crime considered the legalization of prostitution a "feasible" approach to the issues involved. In addition, in 1977, the California Senate Committee on the Judiciary gave their support for a legalized sex trade (Rio, 1991). So why, more than thirty years later, has no progress been made in this arena? Particularly from a criminal justice perspective, what is the current rationale for criminalizing this activity? If the point of criminal justice is to control and prevent crime and maintain justice (Gaines & Miller, 2008), how are attempts…… [Read More]

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Legal Aspects of Opening a

Words: 3863 Length: 12 Pages Document Type: Research Paper Paper #: 67676155



Partnerships demand that all partners (both general and limited partners) be on the same page financially and within the scope of the business operations. They require shared a goal and vision for the entity, and a mutual understanding of each owner's role and the parameters for exerting control. Perpetual lines of communication must be available for all parties in response to changing dynamics and the occurrence of unforeseen events. This is particular relevant in the restaurant industry, where consumers have many choices and often make them based on little substance

. The restaurant industry is fraught with sudden changes, which can require added attention, effort and capital in a short period of time. Therefore, a thorough understanding of the roles of each owner, be they a general or limited partner, is essential to a properly functioning partnership.

Additionally, effective partnerships require regular meetings and reviews of all business operations, and…… [Read More]

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U S Economic Downturn Has Made Many States

Words: 5798 Length: 15 Pages Document Type: Thesis Paper #: 77180397

U.S. economic downturn has made many states in the United States to implement strategies to boost economic developments of their respective states using different economic incentives to attract investors. Recognizing the needs to be competitive nationally and globally, New Jersey legislative house has sponsored the "New Jersey Economic Opportunity Act II of 2013" with the aim of fostering an economic development in the state. The goal of Economic Opportunity Act is to improve the panoply of economic incentives to encourage companies in the United States and outside the United States to invest in the state to boost employment opportunities and revenues of the state.

Several states in the United States have also implemented similar programs to enhance economic growth. Example of these states includes Wisconsin, North Carolina, Missouri and Mississippi. Missouri used the BUILD (Business Use Incentives for Large-scale Development) to stimulate 1,410 permanent jobs in 2011 fiscal year. Few…… [Read More]

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Fiscal Policy Is One of the Tools

Words: 929 Length: 3 Pages Document Type: Term Paper Paper #: 56670714

fiscal policy is one of the tools available to the government to influence the national economy and to make an effort to bring positive changes in it. The term fiscal policy refers to the disbursement made by the government to provide goods and services to the general public. Moreover, it is considered as a means to finance different government expenditures including expenditures for providing goods and services to the general public, spending on defense of the country, investing in different development projects etc.

In this regard, government uses two methods of financing. First is through taxation and the second is through borrowing. While considering the issue of taxation, it can be said that taxation can be implemented in a number of ways. For instance, in developed economies, taxation ranges from personal to corporate income. There are also some value added taxes as well some collection of revenue through royalties and…… [Read More]

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Alternatives to the Current Federal Income Tax

Words: 3678 Length: 10 Pages Document Type: Research Paper Paper #: 81208764

consumption tax alternatives: retail sales tax, flat tax and personal consumption tax. Justifications for tax reform range from the need to simplify the current system to raising revenues to modifying social policy. In the face of growing demands by politicians and taxpayers alike, the topic of tax reform has produced alternate federal income tax proposals. This essay compares income tax to consumption tax, and also reviews the retail sales tax, flat tax and personal consumption tax systems. The comparisons include discussion of differences between proposals, relative degree of effectiveness, as well as ease of implementation. Each of the major categories proposed accomplish tax reform with varying degrees of success, which must be considered along with their associated trade-offs. This essay examines some specifics of those approaches.

Reasons for Tax Reform

Growing support for tax reform comes from both politicians and taxpayers alike. Surveys conducted during the 2009 tax filing season…… [Read More]

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Macroeconomics Government Borrowing Is Too High and

Words: 1262 Length: 5 Pages Document Type: Essay Paper #: 60462698

Macroeconomics

Government borrowing is too high and interest rates are too low in many countries; fiscal stimulus does not work and cheap money leads only to inflation. Explain and discuss the various caveats of this macroeconomic problem and what policy measures will you suggest and Why if you are hired as a Junior Policy Advisor in an Advisory Board of Economists in one such country including Canada? Use economic theory, policy, and data to illustrate and validate your answer.

Government borrowing is the money or debt under the jurisdiction of the country. Government borrowing represents the money belonging to the public owed by the central bank of the country's economy. The main source of government funds is tax from the citizens of the country. This makes government debt or borrowing to be an indirect debt of the citizens. In some economic terms, government borrowing refers to public or national debt.…… [Read More]