Financial transaction tax

Introduction: The Employees’ State Insurance Scheme provides need based social security benefits to insured workers in the organized sector. ESI Corporation has taken up the daunting task of tailoring different benefit schemes for the needs of different worker groups. The scheme, which was first introduced at two centers in 1952 with an initial coverage of 1.20 lakh workers, as on 31/03/2014, the scheme applied to 6.70 lakh employers employing 1.95 crore insured persons at 815 centers. The Act…

less than 2012 and 2014 therefore income tax expense were less “on January 2, 2013 due to the fact American Taxpayer relief Act of 2012 was enacted and the law extended many provisions, including a two- years extension of the U.S. tax provision deferring tax on active financial services income and certain U.S. business credits retroactive to January 1, 2012 therefore it has taken into consideration in determining the income tax for that ratified period so tax 2013 showed backdated allowance of…

government spending and money supply, which enables the government to manipulate interest rates and tax rates (Greenberg and Page 2007, p. 418). The current policies are in the spectrum of controlling interest rates, recent policies are to either lower or maintain interest rates to increase GDP and stimulate the growth of inflation rate. All of which, is protecting the individual interest to stop the spikes in tax rates, while simultaneously expanding the…

According to Joseph Stieglitz, the United States government should offer free high school education from money collected from general tax covers that will cost $300 billion. To begin with, in the past education was free for public colleges and this is because of the Morrill Act of 1862. At the time the number students who could go to colleges and universities without paying tuition was relatively small. However, as years went by the number of students attending public colleges increased the…

why you 're paying so much in taxes. Saving money on taxes can be easier said than done, because the tax code is expensive. There are some common ways, however, that a lot of small business overpay on taxes. Choosing the Wrong Business Entity Can Increase Your Tax Liability The two main business structures, a limited liability company(LLC) and a corporation both have unique tax, legal and financial implications. The right way…

In the book, Winner-Take-All Politics, the authors Jacob S. Hacker and Paul Pierson take a look at how over the last half a century the economy of the United States has become skewed to benefit the richest of the rich in the country. They treat the problem as if they were solving a crime, referring to the information and data they collect as DNA evidence or clues, and run through a list of prime suspects (13). They describe how others have interpreted the facts, and come up with different…

The Athabascan Tar Sands: Why Tree Hugging is Good Business We are divided between the unethical and the irresponsible. We contribute to global emissions that are rapidly snowballing out of our control while trying to balance a precarious economy. Yet some feel that to benefit one would inherently be to the detriment to the other. Canada can not afford to view the world through the lens of this false dichotomy and reconciliation between these two sides is the only option. The exportation of…

The market is imperfect and cannot sustain itself and hence it becomes necessary for Government to intervene in the event that economic growth is not being realized Money is not demanded for its own use but as a means to smooth the progress of transactions when trading Wages have the tendency to increase but meets with resistance any attempt for a decrease hence the existence of negotiating bodies who represent workers(eg. trade unions…

In Bureaucracy, James Wilson examines government agencies in comparison to the private sector. The portion we read is centered around both the individual (operator) and the organization as a whole. The idea that bureaucracies are inefficient based solely on red tape is discredited with this piece. There is no simple solution to improving the bureaucracy. Finally, Wilson demonstrates that numerous causes contribute to bureaucratic inefficiency. Wilson’s discussion begins with the conditions that…

FACTS Prior to 1985, Douglas F. Manchester (Manchester) formed for purposes of constructing, owning, and managing two hotel facilities at the San Diego Convention Center, two limited partnerships: Pacific Landmark Hotel (Landmark) and Pacific Gateway (Gateway). The construction was primarily financed through nonrecourse borrowing. Landmark and Gateway both used accelerated depreciation to lower their bases below the amount of debt incurred in constructing the hotels. On October 3, 1985,…