Essays on Individual Income Tax

Individual Income Tax (North Carolina)

Individual Income Tax (North Carolina) Personal income tax or individual income tax refers to the levied tax on personal income. Here, individual refers to a person, non-juristic body of person, an ordinary person or an individual estate. For an individual to be liable for personal income tax, one has to compute file tax returns, compute tax liability as well as pay the indicated tax as according to the calendar of the year. The individual tax income differs in different states with each state having its own rights of running the tax provided by its residents. This research would look ...

With the era of globalization in full blast today, it is necessary for international marketers to determine which countries are favorable investment locations. Although there are a lot of considerations in choosing the country to do business with, one of the main factors to be considered are the tax policies of countries. Table 1 below presents the income tax rates of some countries.

Note: From “Tax Rates Around the World 2013” by www.worldwide-tax.com, 2013. Based on Table 1 above, one can conclude that on an after-tax basis, it is advantageous for companies to set up a business in Bulgaria because ...

Analysis of US Corporate Income Tax Reform

A tax system should meet its objective of raising revenue for a government in a manner that meets the principles of equity, efficiency as well as complexity. Consequently, the essence of these principles is to ensure that any tax policy promotes economic growth as well as seeking to improve individuals’ social welfare. However, US corporate tax rate has been one of the highest even in comparison with the other OECD countries hence a need to reform it to meet the above principles as well as serve its key purpose of raising revenue. In this respect, this analysis seeks to analyze and present ...