Goods and Services Tax

organizations that work directly with poor people stand a better chance of learning how to meet their needs” (Bily, 2009, p 71). He believes charitable organizations are more flexible, accountable, and efficient. The poor would be better served by a new tax policy directing more money to private charities and less to the federal and state government. The role of charitable organizations is better than the government as a source of aid. It is easier for donors or volunteers to hold charitable…

barely provide any kind of decent living conditions” (Cochran). The programs in place have not lifted people out of poverty fast enough. In contrast “the European welfare state is that it guarantees a generous minimum standard of life through social services, education, public assistance, social insurance and employment programs to all citizens” (Cochran). In many European…

excellence, global standards – The firm combines the highest business and law global standards with local service excellence to meet its clients’ needs An ambition for success – Clifford Chance is determined to be the front-runner of leading groups of international law firms Investing in talent – This firm attracts, recruits and develops the best people and talents to deliver great clients services. An…

Question 1 The Affordable Care Act (ACA) ran its persuasion campaign on the desire to improve the health care system by providing superior medical services to more Americans at an affordable price. However, controlling costs in health care coverage continues to be a concern. In fact, most Americans still find that health insurance through the ACA’s Exchange is unaffordable with premiums and deductible taken into account. Thus, the continued rising cost of health care may be attributed in part to…

Hawaii’s Health and Human Services Committee implemented the highest tax increase in the nation on cigarettes at the University of Hawaii. The increase in the indirect tax changes the tax of cigarettes from $3.20 per pack to $4.50 per pack aimed to decrease the consumption of cigarettes. This article states that this raise in tax at “all 10 University of Hawaii campuses … is closer to becoming law.” This tax was first raised at the campus but could soon be applicable to the entire state. These…

Properly matching costs with sales is a major role in accounting for inventory. The matching principle is used to decide how much of the cost of the goods available for sale is deducted from sales and how much is carried forward as inventory and matched against future sales. Four very common methods used to assign costs to inventory and to cost of goods sold are as follows: (1) Specific identification; (2) First-In, First-Out (FIFO); (3) Last-In, First-Out (LIFO); (4) Weighted average. In…

of the most important decisions that any business would make at its inception will likely be the decision on the type of legal structure to use because the legal structure will determine a lot of things. For example, it will determine the amount of tax to pay, the kind of paperwork that will be needed and even the capacity to raise finances as well as the personal liabilities that you might have to contend with. Some regular types of business include sole trader, partnership, corporation and S…

challenges for governments to tax transactions properly. Though, it was hard even more before e-commerce challenge. Governments of different countries should have made their tax policies according to unique nature of their homeland as well as to international trades of the country. In organizing their tax policies most controversial taxes to be picked to impose are Sales Taxes and Value Added Taxes (VAT). While most governments in the world impose VAT in the USA sales tax is chosen. Europe,…

Wacky Tax Deductions Unusual Tax Deductions Generate Unexpected Income People have successfully claimed some pretty zany deductions, and in the interests of lightening up the dry topic of preparing taxes, we 'd like to examine the lighter side of business and tax planning by covering some of these deductions. Of course, there is a point to reviewing these wacky deductions -- you’ll get a better of idea of how the IRS applies tax law to your tax claims. You can deduct those claims that the IRS…

Weakness in doing Business in Australia ENVIRONMENTAL ISSUES Every country is very concern about their environment conditions which is good for them or not. They make several rules and regulations from which they can save their environment from any negative impacts. So as same, Australia made number of policies to protect their environment in all possible ways. They give special attention towards greenery and recycling. Government only allow business if they pass all policies that made by them…