Essays on Taxation

Abstract

Marijuana is one of the controversial drugs in the world today. Before marijuana is taxed, it should be legalized like any other legal drugs in the world. There are many states and nations that have legalized marijuana and implemented taxation policies, while others have made it an illegal drug. Other people assert that the economic and financial impact of marijuana taxation is not relevant to the economy. . Economically, if marijuana is not taxed then it means that the free market price of legalized marijuana will be too low. Therefore, when the price is low, it means that everyone is ...

Federal income tax refers to the structure of impositions of tax against the incomes of various individuals within the borders of the country (Klein 5). The government therefore exclusively taxes the individual income of all working persons within the borderline of the United States. The federal income tax is bound by the law in all aspects. This therefore implies that all individuals as provided in the guidelines supporting the whole system have an obligation of remitting part of their income to the government annually.

The federal tax income system works in a unique way. Salaries of individuals are taxed ...

Abstract

The paper focuses on the development of taxation based on contributions of  Ricardo, Smith and Petty. They both developed the taxation idea from Locke’s theory of a single tax on rent. Their major contribution was on the incident tax, which demonstrates value system, power relations and group interests on taxation. Finally, the paper analyzes how taxation influences economic decision in the 21st century.

Introduction

The development of political economy in the 17th century was characterized by an effort to flee from Locke’s theorem that all taxes would eventually fall on the rent of land as well as his ...

<Name>
<Subject>
<Professor>

Part I

Market failure has several types, two of which being monopolization and imperfect information. Monopolization refers to the emergence of only one player in a given market. If a market involves only one supplier, then that supplier has the power to command higher prices on the products it supplies. In that case, there is no competition to compel the supplier to lower its prices on products. Without any competition, the people benefiting from the products supplied by the supplier will have no choice but to pay for the price the supplier sets. In that ...

Abstract

The war on drugs in the world is one of the expensive battle that incorporate legal, social, and financial reasons. It is worth noting that marijuana is one of the debatable issues in the world. The legalization of marijuana is one of the controversial issues based on the variation of opinions from one state to another. Marijuana is one of the top selling agricultural products in most states. Regardless of legalization or illegalization of marijuana, the product is still sold to the high number of customers. Marijuana should be taxed like any other product in the market so as ...

Abstract

The war on drugs in the world is one of the expensive battle that incorporate legal, social, and financial reasons. It is worth noting that marijuana is one of the debatable issues in the world. The legalization of marijuana is one of the controversial issues based on the variation of opinions from one state to another. Marijuana is one of the top selling agricultural products in most states. Regardless of legalization or illegalization of marijuana, the product is still sold to the high number of customers. Marijuana should be taxed like any other product in the market so as ...

Introduction

A country collects taxes from its citizens in order to raise money for development and growth. The manner in which a country’s revenue authority collects taxes varies from one country to another since different policies and constitutions govern tax collection. Have you ever asked yourself, as a tax payer, whether the taxation system in your country is fair? We do not have a fair taxation system in United States, and this can be explained further in the article written by Veronique de Rugy. Veronique de Rugy, an author of the National Review online writes an article about the ...

 Course:

Introduction
Governments in the world today loose much revenue through tax evasion and tax avoidance practise by individuals and business enterprises (Innes 2005). The paper shall discuss the difference between tax evasion and tax avoidance using recent relevant examples and give their implications. The paper shall also evaluate the how the taxation policies result to distribution of income in UK and the failure involved. The paper shall also examine the influence of international laws and EU policies on UK taxation policies.

Differences between tax avoidance and tax evasion

The term tax evasion refers to use of illegal mean to avoid paying taxes. Tax evasion comprises of ...

1) Introduction of Economic Issue
In my point of view, I completely disagree with the notion that the rich should pay more taxes. I strongly oppose over payment of taxes from the rich. In my point of view, the rich should be thanked for their great contribution to the economy of a nation rather than forcing them to pay more taxes than an ordinary citizen. It would be totally unfair to them to be victimized just because they are rich in the society (Olken, & Singhal, 2009). There are a number of reasons why I oppose this notion; one thing ...

Does increasing Cigarette Tax Help in Reducing Number of Smokers? To what extend does it decrease smokers if it leads to decreased smokers?

Abstract

Many governments have continuously increased i cigarettes taxes for the last decades. However, governments have been recording increased revenue from cigarette taxes despite decreasing number of smokers. The revenue raised has been used to finance ant tobacco campaigns across the country. Tobacco is a habit forming commodity this makes adults who have been smoking for long not to change their habits in short run. Researchers have given two main reasons for their behavior. First and foremost, ...

Episode 2: Utilitarianism

The utilitarianism theory is referred to as a normative theory because of its characteristics and positive advocacies in the society, for example, its championship for a utilitarian society that is free from control of the government and one that causes more happiness (West, 214). The proponents of the utilitarianism theory believe that human beings are rational and are able to judge between good ideas and bad ones. Human beings have their individual rights that should be respected and not be infringed at any cost. One of the human rights supported by utilitarianism and one that is deeply discussed in ...

The marijuana legalization issue was first debated over 100 years ago by BIHDC (British Indian Hemp Drugs Commission). This commission resorted to a defined conclusion that; cannabis sativa (marijuana) was detrimental to human health,and the best way out was to impose high taxation to this drug. Prohibition of this drug was inevitable; the best solution was to tax the crop highly. This resolution failed after several years of attempts. Marijuana remained a legal drug in India until the year 1989 when it was phased off by the single convention international narcotics treaty (Gahlinger 2004). Over the recent past, ...

The views of Adam Smith, William Petty and John Stuart Mill on Taxation

Introduction
Taxation has generated various views from different groups of scholars based on its intense and demanding nature of the subject. Definitely, taxation entails the use of existing state and government laws to impose financial charges upon individuals, which seeks to facilitate equal resource distribution1. As such, taxation usually occurs through the use of monetary terms whereby they are submitted directly or indirectly to the administrative forums. Arguably, taxation occurs as a way in which surplus produce is collected to allow for equitable distribution of already available resources2. Although taxation forms an essential basis for equal resource distributions, various ...

Introduction

In the second half of XX century a trend towards scaling up and strengthening the role of the state in the economic sphere. At the same time it is recognized that the highest efficiency is achieved in a competitive market mechanism. Therefore, the state aims to not adjust the market mechanism, and to create conditions for its free operation, providing a high level of competition. Competition should be wherever possible regulatory influence of the state, and wherever it is needed. Most economists converge in the understanding that the "invisible hand of the market" is required to be supplemented by ...

Introduction

The present taxation system in Brazil was established by the 1988 Brazilian constitution that gave power to the State, Municipal, and Federal Governments to collect the taxes. Because of the numerous regulations that each of the three governments enacted, the taxation system in Brazil is very complex, and this leads to an environment where the authorities require the taxpayers to comply with various obligations comprising tax collection as well as reporting. The tax regulations and laws in Brazil are among the most confusing and hard to comply with throughout the world. The many rules that the three levels of ...

Globalization has led to firms becoming multinationals since additional international markets are opening up and, therefore, economies are becoming integrated. With the increase in trade, migration and finance there are expected to be a rise in the level of global domestic Product. The Organization for Economic Co-operation and Development (OECD) was established to stimulate trade between countries and also ensure that there is economic progress. OECD has thirty-four member states currently including the U.S, France, and U.K among others (OECD, 2005). These are some of the best economies in the world hence OECD hence this business plays a major ...

The American tax system is designed in a way that people of different social class pay different tax amounts and rates. The taxation used on the corporate is different from the one used by the IRS on individual American citizens. The IRS uses different tax rates on people with different incomes in order to enhance the canons of taxation. These canons include equity, productivity, economy, elasticity and convenience. The taxation system used by the revenue collecting body has several effects on the macro economy of the nation. The tax system usually aims to achieve the basic objectives of maximum ...

Taxation is one of the controversial issues in society today. There are any reasons that have been raised in support of marijuana taxation. On the same note, other scholars assert that marijuana taxation is not bet best way to undertake. It is worth noting that marijuana taxation comes with various negative issues that counter the arguments for marijuana taxation. The state is always focused at the social, economic, and political status of its people is stable. The state should not expose its people to risks, but rather ensure that people consume health products. Therefore, marijuana should not be taxed.
...

The issue of marijuana taxation is one of the heavily debated in United States and other parts of the world. Marijuana should be taxed like any other products in the market. The essence of taxing marijuana is based on the fact that it earns revenue, funds the regulation strategies of marijuana, advance marijuana in the globe, as well as making it difficult to repeal but, others assert that taxation of marijuana should not be allowed based on the fact that other states and nations have not even legalized the substance. It is worth noting that marijuana taxation has become ...

This is an important source of federal revenue all over the world and a major consideration in planning business activities. The USA imposes one of the highest federal corporate income taxes in the globe. This aspect is through enticement of corporations to outsource where there are more favorable tax rates (Abraham, Howard, Richard, 5). The article focuses on the economic incentives created by taxation of the corporate and further review available evidence of their behavioral impact.

History of Corporate Taxation

The 1894 Revenue Act established the principles of taxing available corporations in a way that is separate from their owners. The Federal tax ...

International Security

Debatably, the most potent lesson that all nations learnt from the first and second world wars, is the fact that sustaining war is one of the most expensive forms of public spending. War can drain the economic strength of a country to an extent that a country can shift from a first class economy to a middle income economy. Historians have always had to look at war as a detrimental social phenomenon that has negative impacts on the economic development of the state h, as well as the country building process. Contrary to this assumption, war has positive aspects ...

Tax considerations influence decisions on where to invest, the kinds of businesses to engage in, as well as the methods of financing and recognizing revenues/expenses and the transfer prices to charge. This implies that management ought to minimize international taxes through contending with special rules regarding taxation of foreign income. Issues relating to double taxation, tax provisions, arbitrage opportunities between national tax jurisdictions for multinational firms and transfer pricing ought to be assessed in order to minimize corporate taxes in the broader context of strategic planning and control (Choi & Meek, 2010).

Globalization of businesses has immense effects on the ...

Introduction

The United States constitution gives every state the sovereign right to tax any property, tangible or intangible, which is within its jurisdiction. However, the same constitution grants Congress the power to limit any such rights in exercising its federal authority. The federal government limits the taxation powers in property that is involved in interstate commerce . Therefore, there is debate towards distinguishing between interstate commerce and property involved in interstate commerce within the jurisdiction of a state. Understanding the difference between these two aspects is more of a legal matter. This research analyses the rules and laws regarding state taxation ...

Taxes are in direct relation with the macro-economic operation of the state, in which, the revenue generated by the state is invested to ensure the smooth running of the administration; it also directly affects the micro-economic behavior of consumers/individuals/citizens as well as numerous public goods and services. Every action or policy pertaining to economic structure has a benefit or a drawback (Agliardi, 2001). People are influenced by incentives: will a particular product or a service satisfy their demand? How will it bring private benefits to them? Does the use of that particular product or a service has an overall ...

Equilibrium and Economic Policies

Of the both policies, the Tax Reduction is better policy as it stimulates the economy in a better way than government spending. Although there are number of reasons for my acceptance of policy of tax reduction. However, before coming to a conclusion we will be discussing below employment level output and then will evaluate the given policies to correct them.
When an economy is operating under below potential GDP level in such case it is said to be operating at Below Full Employment Equilibrium. It is a macroeconomic concept where an economy’s short run gross domestic level is ...

Philosophy

The book the republic two presents three kinds of good. The first category of good is the good that is accepted for its own sake paying no attention to the consequences of this good. The second kind of good is good desirable in its self and on account of its consequences. The third kind of good is good that is accepted on account of its consequences only. John Locke defines a just society as a society in which individuals are allowed their three basic rights that is the right to liberty, right to life and right to own property. ...

The term economic growth can be defined as the increase in productive capacity of the country. Is measured by comparing the GNP in a given year with that of the previous year. Some of the principal causes of economic growth include increased capital, advancement in technology and sustainable development among others.
Currently, the World Bank has taken the responsibility of advising some of the newly industrialised countries such as Singapore and Hongkong on how they can improve their economic growth. The World Bank aims at delivering financial and technical assistance to the countries that are most in needs so ...

Introduction

The main objective of this paper is to understand business environment in relation to how economic factors and government regulations impact business decisions and activities. It begins by explaining the different processes of allocating and distributing limited resources in various economy systems. Then the paper assesses the impact of fiscal and monetary policy on business organizations and their activities. In this section, the paper develops a discussion of how expansionary and contradictory policies impact on the business environment. Using Orange UK as an example, the paper then develops an evaluation of the impact of competition policy and other regulatory ...

A tax is a compulsory contribution from an individual to the government. This payment to the government does not usually result to supply of goods and services to an individual. However, tax is important to any country in that it enables the government run its daily activities and in addition, the government is able to provide goods and services that the private sectors are not willing to supply due to the fact that these goods and services are unprofitable or it is not possible to exclude people from consuming the goods (Forbes, 47). The type of tax levied by ...

Issue: For the economic development and well-being of the Americans, should tax reform that focuses on tax cut be introduced by the Obama administration?

Thesis: Understanding tax reforms in the USA is of great benefit as it helps re-organize the country's economic reform policy. This can however only be achieved via the accomplishment of sound tax reforms. Comprehensive understanding of a country's tax reform strategies determines the prosperity of country's economy. ...

1. Methods to calculate taxable value of fringe benefits: Australian Taxation law allows some benefits to the employees by their employers in the form of different services, benefits, privileges or rights. Under fringe benefits tax act, 1986 the fringe benefit may include cheaper loans to employees by the employer, to allow employees of the company to use Employer’s car, look after medical or legal problems etc. if a person works somewhere for anybody or in a company, the general concept is that the worker will get remuneration in cash but a new concept recognized by Australian taxation law ...

Brief history

Zurich Financial Services Company was started in 1872. As the name suggests, the company‘s intention was to offer extremely reliable financial services to the citizens of Switzerland. The company had been created to offer marine reinsurance services. It was originally known as the “Versicherungs-Verein” which meant the Insurance Association. After several acquisitions, in 2ooo the company changed its name to Zurich Financial Services in order to incorporate the many companies that it had acquired according to their functions. Zurich Financial Services Company is the biggest insurer in Switzerland. The company has also become extremely competitive in the global ...

Introduction.

The future of human-kind depends on state’s capacities rights. If this argument is anything to go by then states must focus on the contributions of the corporate businesses and private sectors, and how such interface with public expectations and values. This interface describes how billions of people dependent upon the state must service both in dignity and in an economical perspective. For the last few years corporations operating both domestically and internationally shield their profits from taxation troubling tax payers and governments alike. There has, however, been a limited effort to associate such tax evasion to corporate responsibility ...

Section 1

What is the main issue presented in the media report?
- The Australian Government proposed the imposition of a cigarette sales excise tax in an effort to curb demand, and promote additional finance to public health administration. The cigarettes are slated to cost an extra 25% or AUS$2.16 per 30 pack carton.
- The debate surrounding the imposition of a new excise tax targets the economic efficiency of charging tariffs on consumer purchase of cigarette products. The counter argument points to the demand for the product, and also the $27.8 million dollar government allocation to a public health ...

The US systems of taxation.

The US Taxation System is believed to be one of the most developed and sophisticated tax systems in the whole world. Being a federal government country with a liberal economy, taxes in the USA are imposed by the federal, most state, and local governments; but they are completely separated from each other and each of those has its own authority to charge taxes and to determine the tax rate. Nevertheless, the process itself is being done on all of three levels simultaneously, which means people end up paying several taxes at once. Still, the leading role in this complicated ...

Since the Great War for Empire happened, a string of changes in the relationship between the British Empire and colonial America have laid the groundwork towards rebellion in the continent and eventual independence of the colonies via the American Revolution. The British sought to tighten their control on their American territories, with their driving point being more on material interests provided by vast resources within the vast tracts of continental lands rather than genuine ancestral networks with the people living there. The result led to circumstances that motivated an uprising aimed at secession and independence from British Rule, which is justified on the part of the Americans due to abuse of their rights under British law, self-preservation by means of armed struggle and the protection of blossoming progress in their land at the time (Henretta, Edwards & Self, 2011). ...

A. Identify the Facts and All Stakeholder Groups Likely to be Affected

Andrew Yo is a relevant part of Asia Telecom’s financial management and accounting team. Asia Telecom on the other hand is a large-scale telecommunications company whose main sources of income involve the provision of telecommunications services to a wide array of clients such as American Express, General Electric and IBM, and LDDS or Long Distance Discount Services.
The company never really had any major problems dealing with large-scale corporations that are in need of telecommunications products and services such as the ones required above because more often than not, the transactions are done directly or non-overseas. This way, ...

Arguably, taxes are part of experience in which human beings undergo in any nations. The global economy depends tremendously on tax, the only variation comes are a result of the type of tax system implemented. Taxation rules and tax systems are critically complicated in most countries. In fact, an economy that receives very small percentage of income from tax mainly operates at a deficit due to failure to sustain itself. Hence, they are forced to borrow from other nation or international organizations such as the World Bank. Globally, many nations have cut their corporate tax rates and implemented flat ...

The advantages and disadvantages of the four different forms of business organization, when starting a business, there are several issues to consider as to the kind of business one aspires to start. The kind of business that someone can start varies in structure and has a big bearing on the operation of the business. There are other implications that vary from taxation to legal implication and accounting processes. Each of these businesses has its own advantages and disadvantages.

Sole proprietorship

This is most common and simplest form of business to start. This is because an individual can easily start, own and manage a business, and this type makes the majority of the businesses ...

Q1.
Arguably, American Revolution brought to an end the two century British rule. This revolution led to the creation of modern United States of America. As a matter of fact, the era was disturbing and exhilarating; it was a dislocation for others while to some it was a time process meant to bring changes. Certainly, in the stir of the revolution came various events such as ratification and drafting of the constitution .Another event was the rebellion of slaves due to contrast between proclamation of liberty and slavery. The entire revolution process led to social, economic, and political changes. ...

Contesting for a re-election is not as easy as it may sound but with appropriate strategies in place one can make it though. One ought to have plans that address growth of organizations bearing in mind that the voters are well informed and analytical on the previous term. Understanding the voters is fundamental to winning the re-elections. One needs to address the factors that voters consider vital in a political contestant. In the United States issues related to taxation, human rights, affirmative action and race is a key consideration in shaping voter's decisions on the most appropriate candidate. The ...

During the early years, the colonies and British had a good relationship in America. With the changing time, the relationship becoming worse as British attempted to take total control of the colonies. During this time, British did not use an acceptable approach in addressing problem raised by the colonies. Should the British have used different approach, perhaps the relationship would still be as it was before the revolution. There are many mistakes that the British made that triggered the revolutionary movement leading to independence. This paper analyzes the three major mistakes made by British triggering the revolutionary war.
First ...

FC of T v Consolidated Fertilizers Limited (1991)
The federal Commissioner of taxation entered a case he sued and filed for legal action against the Consolidated Fertilizers Limited (1991) due to taxation matters and related issues. According to the Federal Commissioner of Taxation, there were reasonable grounds and sufficient empirical evidence to warrant for the takeover of the Consolidated Fertilizers Limited in the year 1991. Thus, it filed a case at the court. The directors of Consolidated Fertilizers Limited (1991, felt that the intended and the proposed takeover by the Federal commissioner of taxation was not in the best ...

Expansionary Fiscal Policy

Fiscal Policy refers to the federal government use of spending and taxation to meet the macroeconomics goals. At the time of recessionary periods, the federal government, in order to smooth the economic cycles, reduce the taxes and increase the government spending g. Important to note that each of these measures has an important effect on the aggregated demand, GDP and employment and the same is discussed below:

Effect of reduced rates of Taxes:

As a general phenomenon, income taxes reduce the incentive to work by creating a tax wedge between pre-tax and after-tax wages. Thus, at the time of the recessionary period, the federal government ...

Introduction

The America constitution entitles every citizen the duty of paying income taxes. The criteria use to implement the law on taxes payer has created a feeling of unfairness. The outcome from the taxation practice has resulted in taxpayers developing an interest or idea of renouncing their U.S citizenship in order to evade paying the income taxes.
Renouncing of US citizenship is justified in the immigration and nationality act. It therefore implies that most of the US citizens have escaped paying their taxes. This is because it is a right for every citizen; it therefore plays a very fundamental role ...

Energy industry has of late become a very crucial part of the world economy. The best example is exhibited by the reliance on energy by any industry and this makes virtually the whole world economy to be run by the energy industry. For this reason, the energy industry has come to the spotlight requiring great regulation and control so as to ensure equitable allocation and responsible use of the energy being supplied to the economy (John, 2011).
For this reason, energy sector has become a very important sector of the economy which has attracted very many investors. This has ...

Introduction:

Health is an important issue in life and the quality of life is also crucial if we are to live a long and fruitful period on this earth. With so many millions dying of hunger each year, the issue of junk food and fast food comes into the equation and this means that such food only causes harm and accentuates health problems for those who become addicted to it. Soft drinks are also a problem as these are intrinsically unhealthy and also cause problems such as obesity which is one of the prime movers regarding heart disease. It is ...

Introduction

Revenue recognition is an accounting principle which stipulates the exact time on which revenues from an activity can be recognized in the financial statements of a company. According to this principle, the appropriate time for revenue recognition is when the service has been rendered, as opposed to when the revenue is collected from the client. Explained in practical terms, Trackon ltd, company that sells consumer goods and commits to a transaction in the last month of an accounting year, whereas the revenues are ...

A major objective in managing the Australian economy is to improve the standard of living of everyone in the community. About one in every nine (over 2.2 million) Australians live in income poverty today. According to the Australian Bureau of Statistics (ABS), the 90/10 ratio of disposable income was 4.21 in 2009/10 as compared to 1994/95 when it stood at 3.78 (Australian Bureau of Statistics, 2012). The government in collaboration with investors and non-governmental organizations is working to reverse the inequality in Australia.

Statistics on inequality

The ABS also reports that, in 2011, the median personal income of Australians was $577 while ...

Outline

Introduction-Thesis Statement
This research paper explores the reforms made in the health care sector to ease service delivery and access to health care and include: insurance reform; quality of health care; cost and efficiency; reform of health service provider’s incentives; and tax reforms. Health care reform eliminates the disparities in provision of health care and ensures smooth running of operations in the health care sector

Discussion

Insurance Reforms
These reforms aim to make insurance rules and regulations more flexible and thus more accessible to the public and to reduce the manipulative tendencies of many insurance companies.

Quality of Health Care

Reforms aim to ...

A1.

The two strategies that the Whig leader Samuel Adams might have used are: making connections and identification of direction of the main ideas. These two strategies focus on sharpening the aim of a discussion and exploring deeper into the discussion. Through making connections to various Whigs and participants, Samuel was able to sharpen the focus of the problem hence a convening of the meeting at Old South Meeting House. Alternatively, identification of the direction of the problem at hand—a part of exploring strategy—resulted in Samuel resolving that the ...

1. What were the causes of revolution in the British colonies of North America in the 18th century; France in the 18th century; and Mexico in the 19th and 20th centuries?
The feeling of inadequate representation caused unpopular unrest that led to revolutions in France, America and Mexico. Americans opposed taxation without representation and in France, heavy taxation and king’s incompetence made the people rise up to overthrow the political establishment. In Mexico, oppression of the majority by a clique of powerful elite made the masses take up arms. Desire for equality and freedom informed these revolutions.
The ...

In 1760, King George III took reign of England, making quite a few controversial decisions along the way. By acting more aggressively towards France, George III started to alienate the rest of Europe, and tensions started to mount between George and the Whigs, as well as other European countries. By contrast, the sociopolitical climate of the colonies at the time was incredibly harrowing - increased taxation and more and more controversial legislation on the part of England was breeding resentment among the colonists. The Sugar, Currency, Stamp and Quartering Acts of the mid-1760s, among others, were thought to be ...

Introduction

Switching the United States’ current income tax system would benefit the country as a whole. Therefore, variations of the flat tax that are proposed, some of which set a percentage on income while others set a percentage on sales tax. Those arguing in favour of such tax reforms contend that it will eliminate the complexity of our current system and the loopholes. This will contribute towards boosting of the economy. One such proposal, on which a number of books have been written, is called Fairtax. This is a flat rate sales tax only on new items. For example, if ...

The Roman and the U.S. Empire: A Close Comparison

Introduction

Both of these empires characterized a certain centrality (p. 3). During the Roman Empire, Rome was the capital of the empire. The flows of tribute and taxes from the Roman provinces were directed there and to the primary armies. The empire, although, was not circular. It was an east-west extension, as required by the differences in the communications links provided by the Mediterranean and the boundaries of the Sahara and the Alpine ranges (p. 3).
The Roman Empire began the Roman Republic when Julius and Augustus Caesar changed it from ...

Interest rates are amounts charged by lenders to borrowers as fees on borrowed assets. The interest rate is the price an individual pays for the use of money they have borrowed; it can be thought of as an economic rent. When a person deposits money in a bank, they receive interest as a percentage of the total amount deposited. Similarly, when an individual borrows money, they pay interest to the lender as a percentage of the total money they owe the lender. The percentage of the principal amount paid as a fee over a given period is the interest ...

The taxation of the capital gains made during the disposal of the property by James will be considered under the Income Tax Assessment Act of 1997, section 104-105 which deals with capital gains for individuals. This is wholly embedded in the Goods and services Tax act of 1999 (div 9-11). Using this act, considerations will be made on each tax event under the capital gains tax and analysis made on how each will be treated under the act. In the disposal of the property, either a capital gain or a capital loss is made, and such a gain or ...

Abstract

The Tea Party Movement is a movement marred with a mix of rejoinders and ideologies. Coming from a long history dating back in mid to late 18th century, the movement has stuck its roots deep into the American society. Various writers have taken a keen interest in the Tea Party Movement and trying to grasp its fundamental belief pattern. However, sad to say is, the fact that, with such a complex setting, it is imperative that different factions of the movement hold divergent beliefs that tend to create relative confusion. While one faction believes that the tax burden is ...

Question 1

Analyze the relationship between the marginal cost of capital and foreign investment analysis.
Marginal cost of capital is the cost connected to raising an additional unit of capital. The marginal cost of capital depends on the type of capital that will be used and the associated risks. Marginal cost of capital is important in foreign investment analysis because it is used to determine foreign projects that are to be undertaken and those that are to be rejected. A foreign project can only be accepted if its rate of return is greater than the marginal cost of capital. ...

If you had to choose just one simple definition of justice, which would it be?

Being fair to everyone equally

Being fair to people who most deserve it

Being fair to people who most have a right to it

Being fair to people who most need it

Q1 Please say what you mean by 'fairness':

Fairness is a normative subject that denotes that it entails the verdicts concerning what is good and bad. Consequently, via fair, we can as well embrace the thoughts of just, ...