International taxation

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…

In my opinion, Donald Trump won the first presidential debate. His best moments were at the beginning as he described a worn down United States, taken advantage of by other countries and torn apart by its own government. His commitment was to hold these people responsible at home and abroad and get tough on anyone who opposed him. Some of the most important statements he made was that he is going to get jobs back into America and re-negotiate our trade deals so we aren’t getting screwed over by…

Political ideologies are labels for groups of people who share similar political views. Some popular political ideologies are republican, democrat, liberal, conservative, socialist, and libertarian. These different political ideologies vary from very pro-government to very anti-government. Today most political ideologies are understood by their stereotypes. For example, the common stereotype for conservatives is a white male, and the common stereotype for liberals would be a female minority.…

In my opinion, I believe social security should be privatized to ensure social security benefits to retirees, allow economic growth within the working class and lastly, allow individuals to maximize their investment. Under the current system, Americans who are retired or approaching the retirement age are not safeguarded from any decisions by a future congress to deny benefits to those who have contributed to it. At any period, Congress has the authority to eliminate or reduce any benefits…

For people including me who does not support the more progressivity tax system, the main argument is that the rising of the marginal tax rate on upper income earner will stunt economic growth, decrease labour supply, reduce reported income and make Canada has less competitiveness. There are lots of research papers that evaluate the relationship between the high marginal tax rate and the economic and found that higher marginal tax rate is correlated with the drop in the economic growth. D. Romer…

Canadian payroll deductions are an important aspect of your business. After all, you need to properly calculate them to avoid running into trouble with the Canada Revenue Agency (CRA) later on down the line. Figuring out deductions can be a bit of a task. There are many different factors you need to take into account. It can sometimes seem a bit too complicated! If you’re feeling overwhelmed, don’t fret. There are many tools to help you. Different Province, Different Rules One of the biggest…

1. Discuss the advantages and disadvantages of the corporate tax. (6 marks) Advantages i. Source of Revenue - Corporate taxes can be effectively utilized as a tool for the government to generate higher revenues as corporations are the largest money makers in the every economy. The government can therefore create a steady and strong flow of cash by targeting those making large profits. ii. Distribution – Taxing companies that are making profits helps redistribute the benefits to the society…