International taxation

corporation currently yield 8%. Municipal bond of equal risk currently yields 6%, At what tax rate would an investor be indifferent between these two bonds? Thanks in advance .a- 9%(1 ' 0.36) = 5.76% or 5.8% b- Corps Bond Yield=(Municipal Yield)/(1- Taxation rate)get an answer of .25 or 25% Complete Chapter 2 problem, 2-8, p. 79 The Wendt Corporation had $10.5 million of taxable income.a. What is the company¶s federal income tax bill for the year?b. Assume the firm receives an…

In the case of Casimaty v FCT 97 ATC 5135, the taxpayer was doing fencing and farming business, which his father inherited an amount of 998 acres land that was known as “Acton View” (Australian Tax Casebook p.162). He then purchased another 40 acres of land, which he built a homestead. As time goes by, he suffered some sort of difficulties as there were drought, severe financial debts, and as well as poor health condition. As he had no alternatives, so he decided to sell-off portions of the land…

Chicago and Seattle: Two Different Stories Chicago, Illinois, is a huge city trying to work for people of all different races working to conduct business, while Seattle, Washington, operates for the same cause. They both operate under the same Constitution which was drawn up by the Founding Fathers of America centuries ago. They also operate under the same President, which is controversially a good leader. While this is true, both cities in the United States have different stories regarding…

the polluter pay for it. Some may also concern the distributional effects caused by the indirect tax. The regressive nature of indirect taxes states that they can create the distribution of income more unequal as there is no equivalent in indirect taxation of the zero-rate band. For example, a tax on wine is paid by both rich and poor consumers. Poor consumers, to some extent, are using more amount of their incomes on wine, the tax on wine will be regressive, as well as the whole indirect tax…

based on a management and control test. Discrepancies in Tax Policies The discrepancies between Ireland and the United States tax policies have been the major issue allowing Apple to legally avoid taxes. Apple’s subsidiary Apple Operations International (AOI) was incorporated in Ireland resulting in the United States not recognizing the company, therefore not having to pay income taxes to United States. According to Holtzblatt, Geekie, and Tschakert, AOI only has three directors and one…

Capital assets are those properties that individuals own for personal use.It is said that a capital gain or loss has been got by viewing the difference that exists on final price of that capital and that of its base price. If a capital asset is sold at a price that is higher than its buying price. Some of the examples of capital assets include homes, businesses and other collectibles. Capital gains tax is that is levied on the income from capital gain (US Tax Reform Act of 1986). In America,…

Goal: to list the five reasons why an investor should not buy real estate with a self-directed IRA Total Word Count In This Document: 956 Title: ?5 Reasons an Investor Should Not Buy Real Estate With a Self-Directed IRA? What is a self-directed IRA? A self-directed investment retirement account (or IRA) is an individual retirement account that allows alternate investments for the owner?s retirement savings. These alternate investments can be anything from real estate to private mortgages,…

Topic #1: Introduction to Capital Gains Question #1: What are the potential positive tax implications for transactions that qualify for capital gains treatment? Answer: If a taxpayer's transactions are deemed to be capital in nature, then a tax benefit may be present. Specifically, capital gains that are long-term in nature are subject to the preferential capital gains tax rate. In order for transactions gain to be listed as long term, typically the seller had to hold the asset for more than…

The next president of the United States, Hillary Clinton, and Senator Marco Rubio have very different views on how to better the US economy. Some of the important aspects of the economy on which they disagree are minimum wage, trade, education. I’ve already made my bias clear; however, moving forward I will remain factual, fair and balanced like Fox News. Minimum Wage Hillary Clinton in the past has supported a federal minimum wage increase; however, she has never committed to an ideal amount,…

Over the period 1980 to the early 2000 Canadians have seen drastic change to numerous universal policies that many benefited from during the peak of the welfare state. With dramatic changes to programs such as Uneployment insurance and the eventual diminishing of other policies Canadians are left with a welfare state that drastically differs the one from the 1970's. Many of these changes to social policies were done by a means of stealth. That is to say that claims of overspending by the public…