Corporate tax Essays & Research Papers

Best Corporate tax Essays

  • Corporate Tax - 1741 Words
    Ch. 12 Taxable Income and Tax Payable for Corporations I. Calculation of Net Income For Tax Purposes and Taxable Income - Corporations follow the applicable ordering rules of Section 3 in computing NITP Net Income for Tax Purposes Less: Div C deductions Taxable Income Most of the Div. C deductions for corporations are DIFFERENT from the Div. C deductions for individuals. Div C deductions for Corporations: 1....
    1,741 Words | 12 Pages
  • Corporate Tax Rate - 4151 Words
    Corporate Taxation: Reducing the Canadian Corporate Rate Altering the rate of corporate taxation is a vital tool for federal monetary policy when adjusting to the constantly changing local and global economy. The global recession of 2008 has illuminated the political and economic significance of changing the rate of corporate tax in Canada, and has held its effects under great scrutiny. Those that argue for a greater tax burden be placed on the wealthiest businesses demand government...
    4,151 Words | 12 Pages
  • Lower Corporate Tax - 2258 Words
    A Case for lower Corporate Tax Submitted by Student -201204997 on 11th of march 2013 Executive Summary •Policy Makers in the United Kingdom may as well take notice and acknowledge that lower corporate tax can give essential profits to business competiveness without fundamentally hurting the medium-term budget viewpoint. Several countries lately have reduced or plan to reduce their corporate tax rates in order to stimulate investment, create jobs and promote faster economic...
    2,258 Words | 7 Pages
  • Corporate Tax Case Study
    SCENARIO: You are a CPA with an office in NearLakes City and clients consisting primarily of professionals, entrepreneurs, and small business owners. John Smith, Esq., a practicing attorney with offices near yours, walks in your office and wants advice from you relating to a recent influx of cash he received as a result of winning a large jury verdict on behalf of his client in a personal injury case. His wife Jane Smith accompanies him during your meeting because she has some additional tax...
    1,176 Words | 4 Pages
  • All Corporate tax Essays

  • Corporate and Partnership Tax - 42382 Words
    Corporate and Partnership Tax Lee – Fall 2013 By: Cullen G. Tatum TEST INFO: • The test will be a take home test that will have to be returned by the original assigned test date. • Interested in comparing between different types of entities. • One question will be some individuals who want to form an entity, and you should choose one and elaborate. • You should treat the test as if you were responding in memo form to an attny who already knows some info on the subject so you do not...
    42,382 Words | 145 Pages
  • Lowering The Corporate Tax Rate in the United States
    Since the 2008 stock market collapse it has become more apparent that there is currently a deficit of jobs in the marketplace, and that so far initiatives by the federal government to help counteract that deficit have been largely ineffective. Thus, a better plan of action for restoring jobs is by encouraging employers to hire through the lowering of the corporate tax rate in the United States. Lowering the corporate tax rate in the United States will be exceptionally beneficial in the...
    1,829 Words | 5 Pages
  • Tax Chargeability and Tax Return
    Tax Chargeability and Tax Return A sole proprietor who is resident in Malaysia is taxable on all income accruing in or derived from Malaysia. It is the duty of each sole proprietor who works for themselves in their own business to properly and regularly update accounts and statements. Malaysia’s Income Tax Return Form (ITRF) is the document needed for every taxpayer to the Inland Revenue Board of Malaysia. There are several things which a sole proprietor should take note. A sole...
    672 Words | 2 Pages
  • Review of Some Effects of Nigerian Corporate Tax Regime on Investment Promotion
    REVIEW OF SOME EFFECTS OF NIGERIAN CORPORATE TAX REGIME ON INVESTMENT PROMOTION BY: Y.S.UTHMAN 1.1 INTRODUCTION: Neither the Companies Income Tax Act nor any Nigerian Tax Law provides for the definition of the term tax or corporate tax. In an Australian case of Mathews v. Chicory Marketing Board, a tax has been defined as “a compulsory exaction of money by a public authority for public purposes, or taxation is raising money for the purpose of government by means of contributions from...
    2,387 Words | 7 Pages
  • tax reform - 1449 Words
    Tax Reform Tax Reform Compromise “We need tax reform that protects working families, encourages economic growth and domestic job creation, and is fiscally responsible.” Sen. Max Baucus According to the Organization for Economic Co-Operation and Development, the United States now has the highest corporate tax rate among the industrialized countries. The United States is also the only G-8 country to maintain a worldwide tax system on earnings for foreign markets. At 39.1...
    1,449 Words | 5 Pages
  • Tax Shield - 1425 Words
    [pic] | | | |PROGRAMME |Presessional Courses | | | | |CLASS |Reading and Study...
    1,425 Words | 8 Pages
  • Tax and Reagan - 1587 Words
    At the end of the Carter presidency, the nation’s idealistic dreams of the 60’s was worn down by inflation, foreign policy turmoil and rising crime rate, the nation was troubled by the late 70’s. Due to this many Americans were ready to embrace a new conservatism in social, economic and political life in the 80’s. In the 1980 bid for President, Reagan won the Republican nomination after two failed attempts in 1968 and 1976. Although Ronald Reagan once held Democratic views, he grew more...
    1,587 Words | 5 Pages
  • Tax Reforms - 1507 Words
    IMPACT OF TAX REFORMS SINCE 1991 Tax reform since 1991 was initiated as a part of the structural reform process, following the economic crisis of 1991. Direct Tax Reforms: 1. As per the recommendations of the TRC the personal tax brackets were only three, of 20, 30, and 40% starting in 1992–93. Financial assets were excluded from the wealth tax, and the maximum marginal rate was reduced to 1%. 2. Further reductions came in 1997–98, when the three rates were brought down further to 10, 20,...
    1,507 Words | 5 Pages
  • What Is Tax - 1583 Words
    What is Tax The tax revenue is the most important source of public revenue. A tax is a compulsory payment levied by the government on individual or companies to meet the expenditure which is required for the public welfare. According to Hugh Dalton, “a tax is a compulsory contribution imposed by a public authority, irrespective of the exact amount of service rendered to the taxpayer in return, and not imposed as penalty for any legal offence” A good tax system is one which is designed on...
    1,583 Words | 4 Pages
  • Coroporation Tax - 1068 Words
    Course: TA 322A, Section C1 Federal Income Taxation of Corporations and Shareholders I 1. Course Description This course analyzes the tax treatment, tax problems and tax planning techniques involving transactions between corporations and their shareholders: transfers to corporations; capital structure; dividends and other distributions; stock redemptions and liquidations; stock dividends and preferred stock bailouts; and provides an introduction to S corporations. Prerequisite TA 330....
    1,068 Words | 4 Pages
  • Tax and Gearing - 709 Words
    W22Extra: Tax and Gearing: More Questions Multiple Choice 1) Which of the following statements is false? A) In general, the gain to investors from the tax deductibility of interest payments is referred to as the interest tax shield. B) The interest tax shield is the additional amount that a firm would have paid in taxes if it did not have leverage. C) Because Corporations pay taxes on their profits after interest payments are deducted, interest expenses reduce the amount of corporate...
    709 Words | 4 Pages
  • Zakat and Tax - 3367 Words
    INTRODUCTION To date, zakat is not a new thing in our daily life especially for muslims. Zakat is well known since thousand years back ago from the teaching of prophet Ismail, followed by Prophet Ishaaq, Yaakob and Isa A.S. as mention in the Quran. Besides that, Allah also revealed the obligation of the Jews to pay zakat from Surah al-Baqarah verse 83. Under the reign of Prophet Muhammad S.A.W, zakat was become fard to all muslims in the second year after Hijrah. Prophet Muhammad S.A.W had...
    3,367 Words | 10 Pages
  • Tax return - 1260 Words
    Income Tax Return Assignment You have your own CPA tax practice and you are greeted with new clients: Albert and Jenny Cunningham and their two children. You meet with them and they give you the information shown below. They would like you to prepare their tax return for 2013. They would like to file married filing jointly. NOTE: Reference to the “current tax year” below for the taxpayers, Albert and Jenny, it is for the calendar year 2013. Albert and Jenny Cunningham (both 42...
    1,260 Words | 7 Pages
  • Tax Reform - 1658 Words
    Justin Norman ECON 201: Short Paper 12/05/2012 Tax Reform There is effect when you talk about taxing a country as a whole and founding out that it actually helps or sometimes the functionality of the country to reform taxes as they weather away as time goes on. It was the unfair and demanding taxes the British put on the colonies in the 1700, as the American colonies were finding their identity and still under British rule, in which it lead to a Revolution. Nowadays, there is...
    1,658 Words | 5 Pages
  • Tax and Share Holders - 1469 Words
    Sole Proprietorship- A simple business where a single person owns the business and is personally responsible for any debts incurred. •LIABILITY-You are liable for payment of any debts incurred that cannot be paid for by the profits from the company. Also if you have personal debts that have gone to collections a creditor can be awarded business profits and or business assets to offset these debts. You are also liable for any injuries that may occur due to your company. •INCOME TAXES-The...
    1,469 Words | 5 Pages
  • Is It Ethical to Tax the Rich More
    Should the Rich Pay Higher Taxes? I would first like to start off by saying that this question really doesn’t make sense as the rich already pay higher taxes and the candidates aren’t trying to make it so everyone pays the same amount, just that the rich will either pay more taxes or get a tax break. According to usatoday.com “The 10% of households with the highest incomes pay more than half of all federal taxes. They pay more than 70% of federal income taxes, according to the Congressional...
    1,743 Words | 4 Pages
  • Tax Chapter 13 Questions
    True / False – Chapter 13 Maria defers $100 of gain realized in a section 351 transactions. The stock she receives in the exchange has a fair market value of $500. Maria's tax basis in the stock will be $400.
True 
 Control as it relates to a section 351 transaction is strictly defined to be 80 percent or more of the voting power of the stock of the corporation to which property is transferred.
 False 
 The definition of property as it relates to a §351 transaction includes money. True 
 To...
    7,535 Words | 20 Pages
  • Individual Income Tax - 410 Words
    CH1 10. a) State Income - regressive b) Federal State Tax – Progressive (larger the state; larger the tax) c) Corporate & franchise tax - Progressive d) Property tax – Proportional (value of property is taxed at flat rate) e) State Sales Tax – Proportional 12. Who uses a) Property Tax – State Local b) Excise Taxes – All three (State, federal, and local) c) Sales – State and Local d) Income Tax – Federal, State, Local e) Employment – Federal, State, and...
    410 Words | 2 Pages
  • Tax Planning for U.S. Investors
    FACULTY OF LAW Lund University Sabina Örberg Tax Planning with Holding Companies for US Investors in Europe A Comparative Study of Holding Regimes in Sweden and Switzerland JAEM03 Master Thesis European Business Law 30 higher education credits Supervisor: Mats Tjernberg Term: Spring 2013 Contents SUMMARY 1 SAMMANFATTNING 2 PREFACE 3 ABBREVIATIONS 4 1 5 INTRODUCTION 1.1 Background 1.2 Purpose 7 1.3 Method and Material 7 1.4...
    24,469 Words | 108 Pages
  • China tax guide - 4307 Words
    People’s Republic of China Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: November 2012 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation 6 3 Indirect Tax (e.g., VAT/GST) 8 4 Personal taxation 9 5 Other Taxes 10 6 Free Trade Agreements 12 7 Tax Authorities 13 © 2013 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member...
    4,307 Words | 28 Pages
  • Tax Exam 1 solutions
     2014SP ACNT 1278-63202 Exam # 1 Name: __________________________________________ 1. Corporations are legally formed by filing articles of organization with the state in which the corporation will be created. True False 2. While a taxable corporation's losses cannot be used by their shareholders to offset personal income, a taxable corporation may carry back and carry forward losses to help offset the taxable income a corporation had or will have. How are these net operating losses...
    3,969 Words | 1 Page
  • Singapore Withholding Tax - 421 Words
    Singapore Withholding Tax Withholding Tax is a form of levy placed on payments made to non-resident tax entities including employees, business partners and overseas agents. In accordance with IRAS tax rules, a person has a legal obligation to withhold a percentage of the payment, when he makes payments of a specified nature under the Singapore Income Tax Act, to a non-resident, and hence the Withholding Tax. What is Singapore Withholding Tax? For tax purposes in Singapore, Inland Revenue...
    421 Words | 2 Pages
  • Tax 2 Cases - 1498 Words
    G.R. No. 106913 May 10, 1994 COMMISSIONER OF INTERNAL REVENUE, petitioner, vs. HON. COURT OF APPEALS and ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION, respondents. FACTS: Private respondent (Atlas) mining corporation, organized and existing under and by virtue of the laws of the Philippines, operates a concession in Toledo City, Cebu. It actually used and/or consumed tax paid extra gasoline and diesel fuel for the mining operation purchased on various dates from Mobil Oil...
    1,498 Words | 5 Pages
  • Tax Accounting Notes - 3786 Words
    Chapter C:5 Other Corporate Tax Levies Learning Objectives After studying this chapter, the student should be able to: 1. Calculate the corporation’s alternative minimum tax liability (if any). 2. Determine whether a corporation is a personal holding company (PHC). 3. Calculate the corporation’s PHC tax. 4. Determine whether a corporation is liable for the accumulated earnings tax. 5. Calculate the amount of the corporation’s...
    3,786 Words | 14 Pages
  • Tax Incentives in Singapore - 13117 Words
    Leading through uncertainty Singapore Budget Commentary 2013 Foreword Greetings from your tax team at Deloitte. The Minister for Finance presented the 2013 Budget Statement on 25 February 2013 and we are pleased to provide our commentary on the tax and certain other changes proposed therein. Overall, Budget 2013 offers various tax measures and sets out the strategies to achieve quality growth and build an inclusive society for Singapore. The tax measures are further explored in our...
    13,117 Words | 48 Pages
  • Corporation and Tax Identification Number
    Introduction: For many Business students their main goal is to one day own and run their own businesses. During this assignment I would like to break down the initial steps needed to start a business. Starting a business involves planning, making key financial decisions and completing a series of legal activities. Below are the steps that could help you plan, prepare and manage your business. Items needed You will need to have: • Business plan • Location or place of purchase...
    494 Words | 3 Pages
  • Alternative Minimum Tax - 309 Words
    Richard Thomas EK 21 - Macroeconomics Professor Bockino Alternative Minimum Tax (AMT) The Alternative Minimum Tax was originally designed at targeting wealthy persons with crafty tax advisors or a plethora of tax exemptions. What it is, is an alternative tax calculation providing income tax. When this number is calculated (The AMT) you compare your regular income tax and the newly derived AMT. If the AMT is higher then your regular income tax you're paying, you're required to make up...
    309 Words | 1 Page
  • California Tax Case Study
    Case Study Mining Data To Increase State Tax Revenues in California 1. What are the benefits of using the new INC system? -identification of nearly 100,000 non-filers -an additional net review of $36 million per year -uses Unique identifier to synchronize the direct and indirect indicators -elimination of 55,000 incorrect actions sent by the Bureau -saving HR the hassle of addressing erroneous notices -increased functionality and capacity 2. Why didn’t the California...
    371 Words | 2 Pages
  • Singapore Income Tax Guide
    Singapore Corporate Tax Guide Singapore is often cited as the leading example of countries that continues to reduce corporate income tax rates and introduce various tax incentives to attract and keep global investments. Singapore has a single-tier territorial based flat-rate corporate income tax system. Effective tax rates as one of the lowest in the world and the general “business friendliness” of Singapore are the two important factors contributing to the economic growth and foreign...
    828 Words | 4 Pages
  • Remittance and Withholding Tax in China
    Remittance and Withholding Tax in China 1. What is a non-resident enterprise in China? 1.1 On March 16 and December 6, 2007, China enacted the Enterprise Income Tax Law (“EIT Law”) and its implementation rules respectively, to unify the income tax levied on domestic and foreign enterprises so as to create a level playing field for all, and came into force on 1st January 2008. 1.2 One of the most important features of EIT Law is that enterprises are classified as resident enterprises and...
    3,794 Words | 14 Pages
  • Do Tax Havens Flourish?
    NBER WORKING PAPER SERIES DO TAX HAVENS FLOURISH? James R. Hines Jr. Working Paper 10936 http://www.nber.org/papers/w10936 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 November 2004 I am indebted to Claudia Martinez for excellent research assistance, to her and to Rosanne Altshuler, Reuven Avi-Yonah, Daniel Mitchell, Joel Slemrod, and particularly James Poterba, for helpful comments on previous drafts of this paper.The views expressed herein are those...
    14,379 Words | 43 Pages
  • Philippine Tax System Assessment
    “TAX SYSTEM OF THE PHILIPPINES: ITS ASSESSMENT” I. INTRODUCTION Taxation: Defined As defined by Cooley, taxation is the process or means by which the sovereign, through its law-making body, raises income to defray the necessary expenses of government. It is expressed in another way as a method of apportioning the cost of government among those who in some measure are privileged to enjoy its benefits and must, therefore, bear its burdens. In order to finance the necessary expenses of the...
    2,691 Words | 7 Pages
  • Tax Code & Social Policy
    The Tax Code is inexorably linked to social policy. Is this a good or bad thing? Government policy should be designed to create greater good for the society and the economy at large. I think the tax laws pertaining to health care have been successful in making health care insurance more accessible, and in keeping health care costs confined to an affordable range. However, there are times when our representatives in Washington attempt to engineer people’s behavior, not to address the greater...
    386 Words | 1 Page
  • Deferred Tax Assets - 1004 Words
    Deferred Tax Assets There are a few accounting differences between tax (IRS) accounting and US GAAP accounting. Some differences cause deferred tax asset which is a future tax benefit. For example, say a firm currently is offering a special onetime 2-year warranty when a customer purchases its product. The firm estimates that over a 2-year period it is likely to spend a total of $200,000 in warranty repairs. The following presents the reported income for this 2-year period using US GAAP...
    1,004 Words | 4 Pages
  • Tax Research Chapter 3
    Chapter 3 Questions 18 September 2013 5. In the 1911 case Flint v. Stone Tray Co. the court held that corporate income tax (which was passed in a law in 1909) was constitutional because it was a special form of excise tax on the privilege of operating in the corporate form, using income as its base, rather than a direct income tax. 9. A tax treaty is an agreement negotiated between countries concerning the treatment of entities subject to tax in both countries. The main purpose of these...
    355 Words | 2 Pages
  • Tax Policy in Nigeria - 2265 Words
    INTRODUCTION A tax policies represent key resource allocator between the public and private sectors in a country. It is usually imposed on individuals and entity that make up a country. The funds provided by tax are used by the states to support certain state obligations such as education systems, health care systems, pensions for the elderly, unemployment benefits, and public transportation. A nation’s tax system is often a reflection of its communal values or the values of those in power....
    2,265 Words | 7 Pages
  • Taxation and After-tax Earnings
    ASIGNACIÓN- LECCIÓN 2 Resuelve los problemas que se desglosan a continuación los cuales encontrarás al final del capítulo 1, páginas 36 a la 37: 1-5 Corporate taxes. Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2000 the firm earned $92,500 before taxes. a. Calculate the firm’s tax liability using the corporate tax rate schedule given in Table 3.4. b. How much is Tanto Supply’s 2000 after-tax...
    373 Words | 2 Pages
  • Federal Tax: Agi - 560 Words
    I:6-33 For or From AGI Deductions. Roberta is an accountant employed by a local firm. During the year, Roberta incurs the following unreimbursed expenses: Travel to client locations $750 Subscriptions to professional journals $215 Taking potential clients to lunch $400 Photocopying $60 a. Identify which of these expenses are deductible and the amount that is deductible. Indicate whether they are deductible for or from AGI. Travel to client locations would be from AGI and would...
    560 Words | 2 Pages
  • Corporate Finance ninth edition
    EF4313 Corporate Finance I – Notes CHAPTER 1 – Introduction to Corporate Finance 1.1 The Balance Sheet Model of the Firm Capital budgeting describes the process of making and managing expenditures on long-lived assets. Capital structure represents the proportions of the firm’s financing from current and long-term debt and equity. Net working capital is defined as current assets minus current liabilities. Short-term cash flow problems come from the mismatching of cash inflows and...
    628 Words | 3 Pages
  • Why Corporate Finance Is Important
    a. Why is corporate finance important to all managers? Corporate finance is important to all mangers because it lets them know the company’s financial situation before any decisions can be made within the organization. It helps managers develop strategic financial issues associated with achieving goals. Having a solid understanding of corporate finance helps mangers find ways to raise and manage its capital, which type of investments the firm should make, if profits are earned, how these...
    2,341 Words | 9 Pages
  • Introduction to Corporate Finance - 757 Words
    Week 1: Introduction to Corporate Finance 1.4. Assignment 1a Due date: January 30, 2011 Instruction: Please submit your assignment as an attachment to my Blackboard E-mail by midnight on the due date Assume that you recently graduated with a degree in finance and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle Dellatorre, a professional tennis player who has just come to the United States from...
    757 Words | 3 Pages
  • Offshore Financial Tax Havens and Solution
    Offshore financial tax havens and solution Tax havens generally exist to protect offshore profits and keep them a secret from governments. After The Economist published a special report named “Storm Survivors” about offshore finance problems, Jeffery Kadet proposed a “worldwide-full inclusion” system to fix the offshore financial problem. Most countries use “territorial” or “deferral” tax systems. Either system is better than Kadet’s “worldwide-full inclusion” system, because the...
    781 Words | 3 Pages
  • Tax Reforms in India Since 1991
    There have been major changes in tax systems of countries with a wide variety of economic systems and levels of development during the last two decades. The motivation for these reforms has varied from one country to another and the thrust of reforms has differed from time to time depending on the development strategy and philosophy of the times. In many developing countries, the immediate reason for tax reforms has been the need to enhance revenues to meet impending fiscal crises. One of the...
    2,562 Words | 7 Pages
  • Week 6 hmwrk tax management
    Week 5 : C Corporations Concluded - Homework ES Page 1 1. (TCO E) For federal tax purposes, royalty income that is not derived in the ordinary course of a business is classified as: (Points : 5) portfolio income. answer active income. passive income. None of the above 2. (TCO F) When comparing corporate and individual taxation, the following statement is true: (Points : 5) Unlike individual taxpayer, corporate may not have a long-term capital loss...
    1,059 Words | 4 Pages
  • Tax Treatment of Private Jet Expenses
    Tax Treatment of Private Jet Expenses Facts: Alex Jones is a computer engineer, Aubrey, his wife, is an attorney. Alex is an independent contractor at ABC, Inc. Jones owns a Christmas tree farm as sole proprietorship in Oregon and they report the farm on their joint federal income tax return. Apart from the home in Phoenix, AZ, Jones has the other home in Honolulu, Hawaii, and cost $2 million to rebuilt it. They lease the home to operate the house as B&B. Apart from that, they also own a...
    596 Words | 2 Pages
  • Tax Reforms in Singapore Is Beneficial to the Country
    Tax Reforms in Singapore is Beneficial to the Country Singapore’s Implementation of Tax Reforms in 2002 Singapore concentrates its economy mostly on foreign investment, free trade, and high savings. When experiencing huge negative impact from the global economic depression in 2001, Singapore realized that it should not depend on the United States economy anymore. In order to revive the economic growth of Singapore, the Economic Development Board (EDB) recommended implementation of tax...
    577 Words | 3 Pages
  • Tax Research Paper Related to Ftc
    Relevant Facts Xerox, a New York corporation, owned directly and indirectly the majority of the voting shares of RXL, a corporation of the United Kingdom. In 1974, the tax year here at issue, RXL paid a dividend distribution to Xerox and paid the requisite ACT in the United Kingdom on the distribution. A portion of that ACT was set off in 1974 against RXL’s mainstream corporation tax in the United Kingdom. The foreign tax credit for that portion of the 1974 ACT is not in dispute. The portion...
    997 Words | 3 Pages
  • Tax treatment of private jet expenses
    TAX TREATMENT OF PRIVATE JET EXPENSES Facts: Alex Jones owns a small software company, Find Donuts, Inc in Michigan. A patent on a smartphone application named Find Donuts which is designed to locate donuts shops, is the only asset of Find Donuts, Inc. With the intention of promoting the sales of the Find Donuts smartphone app and increasing company revenue, Alex Jones attended a computer conference in June 2010, in San Francisco. Alex also owns a Christmas tree farm in Oregon. Primary...
    1,142 Words | 4 Pages
  • Tax Implications of E-Commerce in Nigeria
    ABSTRACT This paper examines the Tax Implications of E-Commerce. The issue of e-commerce and its tax implications continues to receive a high level of attention because of the fast growth of e-commerce activities. In the emerging global economy, e-commerce has increasingly become a necessary component of business strategy and a strong catalyst for economic development. The integration of information and communications technology (ICT) in business has revolutionized relationships within...
    4,595 Words | 13 Pages
  • Research Paper on Tax Incentives in Singapore
    1. INTRODUCTION 1. Tax Incentives for Investments in Singapore Tax incentives have been an integral part of Singapore's economic development strategy since the 1960s. For more than 30 years, tax incentives have been used to attract investments and create jobs. Now we are the focal point for foreign investments, research and development and services in Asia. Over the years the government has introduced a wide range of tax incentives for a balanced economic growth of the various...
    3,538 Words | 12 Pages
  • corporate finance slides chapter one
    Chapter 1 The Corporation Chapter Outline 1.1 The Four Types of Firms 1.2 Ownership Versus Control of Corporations 1.3 The Stock Market Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 1-2 Learning Objectives 1. List and define the four major types of firms in the U.S.; describe major characteristics of each type, including the means for distributing income to owners. 2. Distinguish between limited and unlimited liability, and list firm types that are...
    1,330 Words | 12 Pages
  • Corporate Influence on Our Political System
    Corporate Influence on our Political System Anthony Wade Dr. Donatus Uzomah English 215 June 4, 2011 Corporate Influence on our Political System The American political system is built on simple but revolutionary principles from our founding Fathers. These principles state that self-governance is an absolute right and the governments purpose is to serve the interests of the people. Characteristics which are essential to a healthy, functioning democracy. But America has stumbled upon a...
    2,524 Words | 8 Pages
  • Comparison: State Income Tax, Oregon vs. Florida
    Income Tax, Oregon vs Florida, Comparison and Analysis Income tax, as defined by thefreedictionary.com, is “A charge imposed by government on the annual gains of a person, corporation, or other taxable unit derived through work, business pursuits, investments, property dealings, and other sources determined in accordance with the Internal Revenue Code or state law.” In layman's terms, Income tax is money taken out of someone's pay and given to the government, state, federal, or in some cases...
    2,620 Words | 7 Pages
  • CONTEMPORARY LOCAL AND INTERNATIONAL ISSUES AND CHALLENGES IN TAX ACCOUNTING
    CONTEMPORARY LOCAL AND INTERNATIONAL ISSUES AND CHALLENGES IN TAX ACCOUNTING SANNI AZEEZAT KEMI 06/66MA352 ODEDIRAN TAIWO HASSAN 13/68MS008 OLORUNDARE HADIZAT OLAJUMOKE 07/66MA115 BEING A SEMINAR PAPER SUBMITTED TO THE DEPARTMENT OF ACCOUNTING, IN PARTIAL FULFILMENT FOR THE AWARD OF MASTER OF SCIENCE IN ACCOUNTING (M.Sc) COURSE PROBLEMS IN TAXATION (ACC 664) LECTURERS IN CHARGE DR OLANIYI AND DR SANNI, M.JUNE, 2014. INTRODUCTION Tax is a compulsory levy imposed on a subject or...
    6,745 Words | 22 Pages
  • Generally Accepted Accounting Principles and Tax Basis
    f';fa;d'a;f',af;ag';sdagl.;gdlal,g;adl,g,gal;am,dblv .cv z,vz mld;,ag,a;es'g.;'gad;a';ldg;gd;sal;,ger'fa,s.a;l,gdlag,dla,g;ewlwetp;lq4pewql,e;et,q;g,al,gal;g,dla;ew,tqleg,algm,eksgtmaq;,;'.E'S.AFD;Af?D/A>;T',;L,EL;On January 1, 2010, Ameen Company purchased a building for $36 million. Ameen uses straight-line depreciation for financial statement reporting and MACRS for income tax reporting. At December 31, 2012, the carrying value of the building was $30 million and its tax basis was $20...
    1,122 Words | 1 Page
  • Single Tier Company Income Tax System
    1.0 Introduction Singapore already start adopting a one-tier corporate tax system effect from 1 January 2003. In Malaysia, it is referred as the ‘single tier’ system. The government allowed a six-year transitional period to enable companies with unutilized dividend franking credits to pay franked dividends. From 1 January 2008, all resident companies in Singapore will come under the one-tier system. Meanwhile, other countries including Hong Kong, Ireland and also Malaysia are adopting the...
    2,995 Words | 10 Pages
  • Excell Sheet for Calculation Ofsales Tax Payable
    History and Economic Impact William F. Fox Professor of Economics University of Tennessee March 13, 2002 This chapter focuses on two basic issues, the history and the economic impact of sales taxes. The chapter is divided into five sections. The first is a brief review of sales taxes and their implementation throughout history. The second discusses the general sales tax’s role in current U.S. state government finance. The third is an examination of the sales tax as a consumption tax, and the...
    6,877 Words | 20 Pages
  • A Bill To End All Religious Tax Exemptions
    A Bill to End All Religious Tax Exemptions Imagine stepping into your church, with their very few accolades supporting its structure, being unable to pay for its electricity, and the products that they need for regular masses. With most of the income coming from the people, it will not fully support the stability of keeping the church intact. The church is at standstill in which they will eventually unable to pay their bills to the fact that now they have to contribute to our nations taxes....
    425 Words | 2 Pages
  • Comment to Exposure Draft Income Tax - Lurie
    Ehud M. Lurie C.P.A. (Isr.) 46 Hadaliot St. Ramat Poleg Netanya 42650 Israel Miss Anne McGeachin Senior Project Manager International Accounting Standards Board 30 Cannon St. London EC4M 6XH United Kingdom 2 July 2009 Dear Miss McGeachin Comment to Exposure Draft Income Tax I appreciate the opportunity to comment on IASB's Exposure Draft Income Tax. This letter expresses my personal views based on my experience with a very specific issue: deferred taxes arising from the differences that...
    385 Words | 2 Pages
  • Should the Us Adopt a Flat Federal Income Tax?
    Should the United States Adopt a “Flat” Federal Income Tax? Courtney Crowley ECO 211 Professor Reyes The tax system in the United States has changed throughout the years, with many attempts to make it "fair" or "equal" while at the same time generating enough income for the United States government to thrive. It is a complex issue, and a controversial one at that. While it may not be possible for our tax system to ever be fair, it is important to make sure it doesn't put more financial...
    1,187 Words | 3 Pages
  • Explore the evolution of the Council Tax and the history of local taxation
    Taxation has been a feature in society since the earliest records, even being referred to in early historical texts such as the Bible. Since the initial existence of taxations there have been various systems both across and within countries and cultures. In the United Kingdom taxation is implemented at both a national level such as national insurance and income tax, based on an individual income and local taxation. Local taxation has existed for many years with various reforms due to enduring...
    1,961 Words | 5 Pages
  • Tax Planing - nature and forms of Business, Sec 10A of income Tax Act of 1961
    INTRODUCTION Tax Planning is an exercise undertaken to minimize tax liability through the best use of all available allowances, deductions, exclusions, exemptions, etc.. to reduce income and/or capital gains. Tax planning can be defined as an arrangement of one's financial and business affairs by taking legitimately in full benefit of all deductions, exemptions. allowances and rebates so that tax liability reduces to minimum. In other words, all arrangements by which the tax is saved by ways...
    3,997 Words | 12 Pages
  • Practice and Legal Aspects of Corporate Taxation in Bulgaria
    Course work The course "Corporate Finance" on "Practice and legal aspects of corporate taxation in Bulgaria" Prepared by: Checked: Louisa Georgieva Ketipova hon.as.Ivan Kostov Stream 125, Group 1235 factor. № 10113032 Sofia 2012 Introduction: Under review are practical and legal aspects of the Corporate Income Tax. Subject to review focuses on the analysis of these legal aspects. These frames this subject objectively coursework argue that the main aspects of corporate tax in...
    3,117 Words | 11 Pages
  • The Effect of Global Tax Differentials on Us Mnc’s Business Decisions
    The Effect of Global Tax Differentials On US MNC’s Business Decisions US MNCs have been expanding operations all over the globe to utilize lower labour costs and other advantages for a long time now. Moving operations abroad is now so common in large US firms that for a corporation to be multinational is now the norm rather than the exception. Examined closely, we can see that there are many factors which influence a firm’s decision on whether to go multinational as well as on where to...
    2,441 Words | 7 Pages
  • Chapter 1 Understanding and Working with the Federal Tax Law Solutions to Problem Materials
    CHAPTER 1 UNDERSTANDING AND WORKING WITH THE FEDERAL TAX LAW SOLUTIONS TO PROBLEM MATERIALS Question/ Problem 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Learning Objective LO 1 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 2 LO 3 Topic Revenue neutrality Controlling the economy Encouraging industries Research and development expenditures Social considerations Earned income credit Charitable...
    6,008 Words | 20 Pages
  • South African Revenue Service New Requirements and Disclosures for Company Tax Returns
    July 2013 New income tax forms for companies As a result of recent changes in tax legislation, the South African Revenue Service (SARS) have recently revised and updated the corporate income tax returns. * As such, it is now compulsory to submit an electronic copy of the signed annual financial statements, on which the tax return is based, together with the income tax return to SARS. * Furthermore, SARS now requires additional information to be presented and disclosed in the...
    1,203 Words | 4 Pages
  • The Value Added Tax and Targeted Budget Cuts as a Means to Reduce the Federal Deficit
    The Value Added Tax and Targeted Budget Cuts as a Means to Reduce the Federal Deficit Travis W. Hall Ashford University Political Science Capstone Arthur Piervincenti September 11, 2012 The Value Added Tax and Targeted Budget Cuts as a Means to Reduce the Federal Deficit Deficit spending is a government action in which the amount of its expenditures exceeds that of its revenues. In other words, the government spends more money than it receives from its citizens through taxation....
    2,151 Words | 6 Pages
  • The Advantages of Sole Proprietorship - 301 Words
    Conducting businesses as a sole proprietors will bring two tax advantages. These advantages happen because the law has no distinction between your business and you. The first advantage is being able to evade double taxes. Double tax basically means, it occurs if you run your business through a corporation rather than through a sole proprietorship. Corporations pay income tax differently while its owners pay a different portion. Double tax can happen when you and your business both must pay...
    301 Words | 1 Page
  • Lit1 - 293 Words
    • LIABILITIES – If the business incurs debt that can not be covered by the profit of the business the owner will be personally liable. You can be sued to satisfy the debt of the company and your personal property can be seized to satisfy company debts. • INCOME TAXES – Forming a Sole Proprietorship allows the owner to avoid the high tax rate that corporations pay due to it not being separate from the individual. • LONGEVITY/CONTINUITY – The business is the same as the owner so the business...
    293 Words | 1 Page
  • Commercial Law in Russia - 2947 Words
    School of Business Administration Turiba Tourism and Hospitality Management Program Anna Tihonenko STA2D1 “The Commercial Activities in Russia” Tourism and Hospitality Faculty Supervisor: Ivo Krievs Riga, 2012 There are several options available who want to start a business in Russia. These include: 1) Registeration with state authorities as an individual entrepreneur (commonly referred to as a sole proprietorship). This is not a legal entity but an extension of the...
    2,947 Words | 11 Pages
  • Disadvantages of Corporations - 2161 Words
    Double Taxation Double Taxation: Depending on what special rights and restrictions are attached to the shares, and how the profits of the corporation are paid out to the shareholders, there is the possibility of double taxation: the corporation must pay taxes on its profits and the shareholder may be subject to taxation on the profits paid out. This can result in greater taxation than if a corporation was not used for the business. C corporations pay taxes on profits when corporate income is...
    2,161 Words | 5 Pages
  • Small Business Idea Paper
    Small Business Idea Paper University Of Phoenix ACC/561 Verbena Williams Small Business Idea Paper Starting a business can be an exciting, yet overwhelming experience. Before you can launch your business venture, deciding the form of business organization will be one of the first things necessary. Some of these business organizations include; sole proprietors, corporations, and partnerships. With choosing which organization to go with one must consider consequences in lieu of legal...
    1,332 Words | 4 Pages
  • Week 1 Quiz - 874 Words
    1. Money markets are markets for ______. (Points : 6) | foreign stocks consumer automobile loans U.S. stocks short-term debt securities long-term bonds | 2. Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? (Points : 6) | A. Corporations generally face fewer regulations. B. Corporations generally face lower taxes. C. Corporations generally find it easier to raise capital. D....
    874 Words | 5 Pages
  • Small Business Idea - 1521 Words
    Small Business Idea ACC 561/Accounting January 30, 2012 Small Business Idea Introduction Starting a small business can be daunting, exciting, and rewarding. A proprietor must consider which form of business organization is best suited for his or her product or service. There has to be consideration with legal, tax, accounting, and other implications when selecting from the four business types. This paper will explore the advantages and disadvantages of sole proprietorship,...
    1,521 Words | 5 Pages
  • The End - 871 Words
    Which of the following actions would be likely to reduce conflicts of interest between stockholders and managers? Student Response 1. Congress passes a law that severely restricts hostile takeovers. 2. A firm's compensation system is changed so that managers receive larger cash salaries but fewer long-term options to buy stock. 3. The company changes the way executive stock options are handled, with all options vesting after 2 years rather than having 20% of the options awarded...
    871 Words | 4 Pages
  • Business Structure Advice - 738 Words
     Business Structure Advice Adriana Tovar FIN/571 December 15, 2014 Professor David Gobeli Dear John Owner, In response to your request for business structure advice, I believe you will find the following information extremely helpful to lead you to your decision. First, you must know which your business structure options are, these include: sole proprietorship, partnership and corporation. A partnership could be general or limited and a corporation could be a general or a...
    738 Words | 3 Pages
  • Fi515 Week 1 Quiz
    Grade Details 1. Question : Money markets are markets for ______. Student Answer: foreign stocks consumer automobile loans U.S. stocks short-term debt securities long-term bonds Points Received: 6 of 6 Comments: 2. Question : Which of the following could explain why a business might choose to organize as a corporation rather than as a sole proprietorship or a partnership? Student Answer: A. Corporations generally face fewer...
    486 Words | 3 Pages
  • Examadms4540 - 1331 Words
    Name: Student ID: Section: AK/ADMS 4540 Financial Management Fall 2011 Exam 2 Part 1 Instructor: Dr. William Lim Time Limit: 1.5hours Instructions: Answer all 4 questions of this exam in the spaces provided on the question sheets. (If necessary, you may write on the back of the sheet). Although the stories may appear "plausibly real", they are fictitious. You have 1 ½ hours to work. The marks for each question are given. Please provide the marker with the greatest opportunity to give you...
    1,331 Words | 4 Pages
  • Advantages and Disadvantages of Matching Costs and Revenues
    (This is the 2nd submission.) Group Discussion Board Forum 1 Shirley Johnson L25081202 Linda Meadows This report addresses question 3, identify any special advantages and/or disadvantages the owner(s) experience in operating this form of business organization. I will also speak to the way in which a Christian owner’s faith will determine how the business is operated. I have selected the sole proprietorship form of business to discuss. The sole proprietorship form of ownership is a business...
    685 Words | 2 Pages
  • How to Reduce National Debt
    Drew Burgelin AP English Language 17 October 2012 Reducing the National Debt With the 2012 Presidential Election getting closer, we are seeing candidates’ plans to solve our national debt of roughly 16 trillion dollars. With our country’s debt increasing by 4 billion dollars a day, we desperately need a miracle in the form of an effective debt reduction plan. With Obama struggling to fulfill this task, many people have been coming up with their own ways of solving this crisis. For, at...
    582 Words | 2 Pages
  • Fi515 Midterm - 5018 Words
    1. | Question : | (TCO A) Which of the following statements is CORRECT? | | | Student Answer: | | One of the disadvantages of incorporating a business is that the owners then become subject to liabilities in the event the firm goes bankrupt. | | | | Sole proprietorships are subject to more regulations than corporations. | | | | In any type of partnership, every partner has the same rights, privileges, and liability exposure as every other partner. | | | | Sole...
    5,018 Words | 24 Pages
  • Taxes - 676 Words
    Negative Jewuan: The argument for taxes is a very straightforward one: if government is on balance there is a positive force in society, then taxes are good. Sarah: Taxes, after all, are dues that we pay for the privileges of membership in an organized society.” With them we buy civilization." [pic] Look around us how would we be able to operate if it weren’t for the taxes that support our federal government Jewaun: Taxes favor the people because we use services offered by...
    676 Words | 3 Pages
  • Small Idea Business Paper
    Running head: SMALL-BUSINESS IDEA PAPER Small-Business Idea Paper Bernard Petris University of Phoenix Accounting ACC/561 November 11, 2011 Small-Business Idea Paper There are five different forms of business organizations that I can consider when planning to start a business. They are 1. Sole proprietorship 2. Partnership 3. C corporation 4. S corporation 5. LLC – Limited Liability Company It is important...
    1,348 Words | 4 Pages
  • Macc-650 Seminar in Federal Taxation
    MACC-650 Seminar in Federal Taxation Spring 2010 Team Research Project Presentation to John Smith KMCE & A GOLD Gold Group KMCE & A Gold LLC Lawrenceville, NJ Dear Mr. Smith, We have been requested to review and present to you our recommendations for the start of your new Pharmaceutical/Biotech Consulting Company. To begin, we would like to review the information that we have been given from you to KMCE&A. We understand that you have a background as a business...
    5,105 Words | 17 Pages
  • Explaining Basic Accounting Concepts and Business Structures
    Explaining Basic Accounting Concepts and Business Structures I will explain the basic accounting concepts and business structures from the following topics: GAAP sources and hierarchy; Good accounting information using the qualities of accounting principles; Difference between Accrual based accounting and cash basis of accounting; Types of business structures and the features of each structure. 1. GAAP sources and hierarchy Generally accepted accounting principles (GAAP) is the set of...
    797 Words | 3 Pages
  • Res 351 Week 1
    TABLE OF CONTENTS Business Structure 2 Sole Proprietorships 2 Partnerships 2 Limited Liability Companies 2 Corporations 2 Identification Numbers 3 Taxes 3 Recordkeeping 3 Assets 3 Business Checkbook 4 Tax Year 4 Insurance 4 Guidelines for Potential Store Owners Preliminary Draft Campbell’s Confections often receives requests from individuals to open and manage a new candy store. To help prospective owners, Campbell’s Confections has prepared a guide to provide...
    881 Words | 4 Pages
  • Ocean Carriers - 1202 Words
    Ocean Carrier Case Study INDEX Case Background··························3 Dilemma································3 Scenarios under different tax rates and years ····························3 Alternative································5 Decision summary··························5 Appendix Ocean Carrier Case Study * Case Background Mary Linn of Ocean Carriers is evaluating the purchase of a new capesize carrier for a 3-year lease proposed by a motivated...
    1,202 Words | 4 Pages
  • Google’s Strategy to Save Millions in Taxes: Shifting Income Overseas
    Google’s Strategy to Save Millions in Taxes: Shifting Income Overseas In America the corporate tax rate is at 35%, which is higher than the highest individual tax rate. With many corporations conducting business overseas, the tax structure becomes complex. The article in Bloomburg Business “Dutch Sandwich” Saves Google Billions in Taxes was an interesting read. In 2009, Google’s office in Dublin which has about 2,000 Google employees was credited with 88 percent of the $12.5 billion in...
    503 Words | 2 Pages
  • Finance Chap1 - 4360 Words
    CHAPTER 1 AN OVERVIEW OF FINANCIAL MANAGEMENT (Difficulty: E = Easy, M = Medium, and T = Tough) Multiple Choice: Conceptual Easy: Firm organization Answer: c Diff: E [i]. Which of the following statements is true? a. One of the benefits of incorporating your business is that you become entitled to receive unlimited liability. b. Sole proprietorships are subject to more regulations than corporations. c. Sole proprietorships do not have to pay...
    4,360 Words | 17 Pages
  • Lit1 Task 310.1.2-01-06
    Sole Proprietorship Sole proprietorship is the most common form of business in the United States. It is a relatively simple way for an individual to start a business since legal costs and business requirements are minimal, and the owner has complete control over the business. Though a sole proprietor is not responsible for any corporate tax payments, the owner is responsible for taxes incurred on the income generated from the business as part of his or her personal income tax payments, and...
    2,847 Words | 8 Pages
  • Sole Proprietorship - 328 Words
    Sole Proprietorship • Liability is unlimited. The owner or sole proprietor is legally responsible for all debts, law suit settlements and contract fulfillments. Though insurance policies can be purchased to protect against unforeseen events, a judgment decree or balance exceeding the purchased plan amount could come directly out of the personal assets of the owner including but not limited to personal home, bank accounts, college funds or other tangible assets. • Income Taxes for sole...
    328 Words | 1 Page
  • Types of Businesses and Company Registrations
    Sole proprietorship This business is an individual owned organization. This business is the most attractive because of its simplicity and control over the business. * Liability-.This business has unlimited liability. The owner is responsible for everything. If the business begins to fail personal assets and business assets can be sought after to pay off debts. There is no distinction between the two assets. * Income taxes- Business owners in a sole proprietorship file a 1040 as well as...
    1,272 Words | 4 Pages
  • Burger King Case Study
    1. What is the likely strategy Burger King is pursuing? Answer- The likely strategy Burger King is pursuing is the broad-differentiation strategy. By acquiring Tim Hortons, Bk will gain access to a broad range of customers by offered not only burgers and sandwiches, but coffee and baked goods as well. By purchasing Tim Hortons, Burger King will become the third-largest fast food restaurant company in the world, with about $22 billion in system sales (mostly franchised) and over 18,000...
    317 Words | 1 Page
  • Task 1 - 297 Words
    SOLE PROPRIETORSHIP: This is a type of business with one owner. The business may not even need to be registered with the state as long as they are “doing business” as themselves. It is a very easy to start up a sole proprietorship, and more often than not it does not require a great deal of money. Another advantage is that the profits go straight to the sole proprietor who doesn’t need to worry about sharing or dealing with another individual or entity on the day to day operations as well as...
    297 Words | 1 Page
  • Government Bonds and Securities - 1032 Words
    Government bonds and securities Trust in our government has been declining in recent years. Given the current status of our economy it is less likely to think of the government as an option for building retirement. However, investing in government bonds and securities can offer protection from times of high inflation which will leave a reliable source of income during retirement. I bonds and treasury inflation protection securities are two of the easiest ways for college graduates to begin...
    1,032 Words | 4 Pages
  • MGSM835 Individual Assignment Questions
    MGSM835 FINANCIAL MANAGEMENT INDIVIDUAL ASSIGNMENT HK 2013 This is an individual assessment item. As such, you should not share your work with others or work in syndicate on this assignment. Answer each question on a new page. Do not submit just spreadsheets, you should clearly set out your assumptions, and show all workings. For all questions involving salvage value assume this is the sale price and that any gains are assessable for income tax purposes at the company tax rate. Question 1...
    830 Words | 4 Pages

All Corporate tax Essays

05.10.1613:40 Uhr John Williams - Star Wars IV A New Hope (Original Motion Picture Soundtrack) Soundtracks256 kbit/s 0 / 04.524 Hits VID P2P DDL 0 Kommentare | 吸血鬼日记 | Telécharger