International taxation

Constitution of 1869 statewide taxes were collected in one spot, compared to the Constitution of 1876 where the taxes were collected in local districts. The Constitution of 1869 was more complex and more controlled by the legislative body of government. The taxation and revenue section of the constitution came in Article VIII. Out of the eighteen sections pertaining taxes. I chose four of those which point out the goals that were previously discussed. Article VIII section 1 starts with the…

Worstall, Tim. "If Apple Brought IPhone Manufacturing To The US It Would Cost Them $4.2 Billion." Forbes. Forbes Magazine, 25 Sept. 2013. Web. 13 May 2017. This is also a quite reliable source. Tim Worstall essentially intends to express that Apple isn’t going to transfer back their manufacturing jobs because of the high corporate tax in the US and the high costs of labor. Tim Worstall is a British-born writer who writes on environmentalism and economics, specifically the corporate tax, his…

Lowering the Voting Age Does the legal age for voting at 18 really matter? This has been an ongoing topic for a long time but especially during these last few years. Politicians go back and forth trying to figure out what is best for the United States of America. Although many argue the topic there is many reasons why sixteen year olds should be allowed vote. In our country today, the government is letting teens drive and that is basically a pathway to death for them and everybody else on the…

i. What are the exceptions to the revenue diversion prohibition: There are five exceptions to the prohibition – two grandfather exceptions and three special purpose exceptions. They are described below. (1) Airport Revenue Grandfather Exception: A Sponsor may use airport revenue for general purposes to the extent that covenants or assurances in debt obligations or governing statutes controlling the Sponsor’s financing that were in effect prior to September 3, 1982 provide for the use of…

In “Income Inequality and Happiness” (2011), the authors Shigehiro Oishi, Selin Kesebir, and Ed Diener explain the relationship between the hapiness and national income inequality for Americans. According to Shigehiro, Selin, and Ed (“Income Inequality and Happiness”, 2011, p.1096-p.1097), they use the result of the “General Social Survey” to present there is a negative correlation between income gap and blessedness for Americans. Specifically, Americans will be happier when it comes to equality…

The cost of the H.R. 1586 proposal is one that is impactful through monetary means. Due to the requirements of the bill, the government will need to increase the taxes levied on the public in order to properly fund the agencies to complete the tasks demanded in the bill. Even though these new taxes levied on the public, will be used to better educate, protect and serve the American citizens, it is unlikely that the American citizens’, themselves, see the newly imposed of tax liens as such.…

It’s tax season and the main focus is getting everyone to do their taxes. Some places have what you call tax incentives, now the question is, do tax incentives really work? Tax incentives are exemptions to general assessment rules intended to accomplish a financial objective by urging individuals or organizations to accomplish something that they generally would not have done. More specifically, these narrowly targeted tax breaks are usually offered in an attempt to convince businesses to…

The budget presentation for the Lieutenant Governor’s Office was headed by Ryan Cherry, Lieutenant Governor Hutchinson's Chief of Staff. The budget proposal for the Office of the Lieutenant Governor is $1.18 million (biennium) which includes, but not limited to: five full time employees, operational costs, fiscal and personnel functions. Michael J. Willden, the governor's chief of staff, represented the governor's office for the purposes of this budget hearing. Governor Sandoval is…

2018 High School Co-op Assignment RRSP 1) A RRSP is a Registered Retirement Savings Plan, this is meant to shelter investments, allowing them to grow tax free until you retire. An RRSP doesn’t only hold cash. It can also hold stocks and mutual funds. The only tax you pay on an RRSP would be when you make a withdrawal. One of the benefits of an RRSP is to reduce your taxable income. For example, if you make $90,000 in a year and don’t contribute any money into a RRSP, you will be taxed on…

ncome statement： In order to analysis the financial statement thoughtfully, we apply the horizontal analysis technique to find out the significant change in dollar amount and percentage grow rate. From the income statement vertical analysis below (table 1), we could compare a series of financial statement data over a period of time. Sales revenue increase by around 10% from 2013 to 2014. If excluding the currency change, revenue from NIKE Company’s continuing operations grew 11 % for the fiscal…