Australian Taxation Office

accounts for 6.5% of GDP, employees 290,000 people and covered 35% of country’s trade deficit. By introducing friendly taxation laws in 1950 and reinforced in 1970, Greek ship-owners were attracted to the motherland. The vast majority of finance for Greek ships provided from International banks and international funds allowed them to cater to the national Economy. This friendly taxation policy and international funding helps them to bring foreign currency in to the country. Active Role of the…

First in this section, the authors investigate the income tax from the turn of the 19th century to the end of the 20th. In the prior periods states primarily relied on indirect taxation as their means of collecting revenue and states did not begin to introduce income taxes until late 1800s, where top marginal rates were relatively constant and low until the early 1900s outside of minor blips when war financing was necessary. Again…

“Those damn liberals are wasting all of our money!” or “Those crazy conservatives are running the country to the ground!” I’m sure you’ve heard things like these before and they are becoming all the more common. This is just one example of how political hyperpolarization is becoming more prominent. Political Hyperpolarization in American Politics is a growing trend that leads to deadlock in government and political pandering at the expense of the common good. This can be solved by reforming the…

Trickle-down economics comes in many forms. Supply-side arguments, these are economic arguments that are most normally associated with tax cuts for high earners, the 1% of Americans, these arguments are used to suggest that the wealthy would be more incentivized to raise output in the marketplace and create better jobs. Demand-side arguments, these as well are associated with subsidies and tariffs, they continue on the argument that the wealthy need protections in order to keep paying their…

The election of 1912 has four presidential candidates who are Woodrow Wilson, Theodore Roosevelt, William Howard Taft, and Eugene Debs. Woodrow Wilson is the perfect example of a strong presidential candidate who would guide America into prosperity and progress. Although Wilson is a novice with regards to his political career, he proved to be a very successful governor of New Jersey by having a great deal of progress there. Wilson accomplished all of his goals that he had while holding the…

These achievements led to a fairly solid economy that lasted for a few years. By 1980, it was generally understood that price controls and minimum wage increases were not the answer. Thus, adjustments were made soon after President Reagan took office in 1981. Reagan quickly abolished what remained of oil and gas price controls. Tax reductions were soon introduced and the US economy rapidly expanded. Reagan Years (1981-1989) … President Ronald Reagan, as a result of the 1979 Iran oil incident…

Facts The client is an investor and majority shareholder in a qualified small business. He is considering selling his shares to an outside party who would take control of the business. Client is the controlling shareholder based on an $825,000 infusion of capital in 2008. The aggregate capital never exceeded $1 million. The client files jointly with his spouse. Issues * What are the tax consequences if the stock is sold for a loss? * What are the tax consequences if the stock is sold…

According to Community Guide rules of evidence, these results constitute strong evidence that raising alcohol excise taxes is an effective strategy for reducing excessive alcohol consumption and related harms. The impact of a potential tax increase is expected to be proportional to its magnitude and to be modified by such factors as disposable income and the demand elasticity for alcohol among various population groups. The reviewed studies provide consistent evidence that higher alcohol prices…

3) The proposed funding mechanisms of the NHI include increase in direct taxation which is increase in income tax as well as inheritance tax. Another mechanism is indirect taxation which is due on taxes levied on transactions as well as goods and services no matter the size of the business. Payroll taxation is another way of potential revenue sources for NHI. This includes taxation on employer and employee contributions. Another mechanism is also the increase of VAT on products to generate…

President Donald Trump’s huge tax-cut would reduce taxes on hundreds of businesses he and his family own. The proposal would cut the tax rate for corporations to 15%. This conflict can be non beneficial for Trump Organization. Trump refused to release his tax returns which makes it impossible to know how much his businesses could save on taxes. In 2005 a copy of Trump’s tax return suggests that a tax cut similar to the one Trump is proposing could have lowered his tax obligations by tens of…