Ad valorem tax

Until 1767, the East India Company paid an ad valorem tax of about approximately 25% on tea that it imported into Great Britain. In addition the ad valorem, Parliament laid additional taxes on tea sold for consumption in Britain. The extremely high taxes, combined with the fact that tea imported into Holland was not taxed by the Dutch government, meant that British American's could acquire bootlegged tea at a much better rate. The biggest market for the contraband tea was England. By the 1760s the East India Company was losing 400,000 pounds per year to smugglers in Great Britain. In addition to this, Dutch tea was also smuggled into British America in vast quantities. To try to correct this seemingly treacherous problem, Parliament passed the Indemnity Act, which lowered the tax on tea in Great Britain, and refunded the East India Company of approximately 25% duty on tea that was re-exported to the colonies. To help offset this declination of government dividends, Parliament also passed the Townshend Revenue Act of 1767, which collected new taxes in the colonies. Instead of correcting the smuggling…

debt obligations or other facilities. The grandfather exception applies only to arrangements that were in effect on September 3, 1982. For example, if a Sponsor’s governing statute in effect on September 3, 1982 requires transfer of 5% of the airport’s net revenues to the Sponsor’s general fund, the transfer of only 5% is grandfathered. A change in the statute to increase the required transfer to 6% would not be grandfathered. The FAA has identified only 12 grandfathered airports for airport…

Benefits of Increased Cigarette Tax With the increased politicization of the united states, there has been a renewed emphasis on discussions of taxes and public health. Americans have high demands on lowering taxes, but once it comes to taxes on cigarettes opinions vary. There have been many arguments when it comes to the tax on cigarettes stating that the tax would make the American economy suffer with lowering the demand on cigarettes due to the high prices, making the poor suffer due to use…

important three of these strategies are ethos, pathos, and logos. Although you do not necessarily need to use all three of those strategies to make an effective argument, a writer does need a strong foundation in all three if they wish to write a strong argumentative paper that can be given out to the public (such as a newspaper editorial). In my paper “The Side You Don’t See” I attempted to use all three of these strategies to strengthen my argument, yet, I do believe that I was lacking in…

her open letter . In response to Tyler Perry’s numerous films, Ms. Viera attempts to appeal to the audience by beginning to congratulate Tyler Perry on his success but in doing so she inadvertently commits a fallacy. “Let me begin by congratulating you on your massive success. It is truly commendable to overcome the obstacles you have- molestation, poverty, abuse, and homelessness- to becoming the highest paid man in entertainment.” (1) Viera ineffectively appeals to the reader and…

The traditional view of property taxes was originally expressed by Dick Netzer in 1966 in his book Economics of the Property Tax .Netzer argued that a property tax is shifted forward to the consumer through an increase in house prices, the approach he used was the partial equilibrium approach where property taxes are considered as separate payments for capital and land. The supply of capital is considered to be perfectly elastic, and the supply of land is considered to be perfectly inelastic the…

Questioning



 7) Which of the following are the most common types of doubts people may have about a source?

 A. Status and academic degree

B. Occupation and employer

C. Prominence in the field of study and experience

D. Expertise and accuracy



 8) Which of the following is the most reliable source of information?

 A. Wikipedia®

B. A blog

C. A book recommended by your instructor

D. Britannica Online®



 9) Consider the following exchange: “How do I know God exists?…

fallacy. The analogies used do not have negative differences and strong positive similarities. Premise Four Premise four has misinterpreted the poll results. The information gathered indicates that 81% of respondents do agree on banning the wearing of Burqa in ‘courts’. Harper has used the poll results out of context and has generalised it fallaciously. Advance Australia has argued that the burqa needs to be banned in Australia. To do so they have included numerous language devises as well as…

The 2016 election is truly one election that most people will remember, but is it due to the media or the candidates? Most people would instantly say the candidates are the reason we will remember this election. These people would not be incorrect, but think, how did people get the information about each candidate? Almost everyone will say they got the information about the good and bad of each candidate from a form of media. Too bad the media might not be giving Americans all the necessary…

giving the local governments the amounts that had been lost in property-tax revenue. The transfer that was given created a financing system that would have the remaining property-tax revenues to be distributed by Sacramento via the legislature. (War by initiative; Proposition…