Value-added reseller

Service Tax Bill – Victim of Politics or Technicalities? Tax Structure in India In the Indian tax system, the Central government levies excise duty on manufacturing and service tax on the supply of services. The State government levies sales tax or value added tax (VAT) on the sale of goods. In addition, the Central Government levies the Central Sales Tax (CST) on inter-state sale of goods which is collected and retained by the state exporting the goods. The states also levy tax on the entry of…

Memes popping up in the internet’s social media feeds and blogs and becoming exceedingly prominent. Many of these so-called memes appear to be harmless and tend to generate various chuckles, although many of them can be considered offensive or even disturbing to some viewers. The word “meme” was first introduced by Richard Dawkins in his 1989 book The Selfish Gene, and his intentions included spreading an element of a culture or system of behavior that is to be passed from one individual to…

Gamble On Put the chips all-in, because surprisingly, gambling is one of the most popular industries in the United States. Depending on each states government, they choose whether or not varieties of gambling is legal or illegal, and most gambling is only legal in certain geographical locations, such as Atlantic City and near Indian reservations. With state laws having authority, their government gets to decide the regulations of gambling. Throughout the nation, gambling is a larger business…

of sales and use tax. After defining the purpose and background information of sales and use tax, it will set up a course to explain nexus and the relationship with multistate taxation. Corporations have to must face apportionment to determine the value of state tax for each state. Some corporations produce enormous sums of interest income, which may be taxed. Planning for multistate taxation can benefit for the taxpayer payer but not for the government due to the lowered state tax burden. The…

The extent to which the government should intervene in the economy is an issue that has been debated for thousands of years across the entire globe. Is the free market more efficient than the government? To what extent are taxes necessary in a functioning society? Is economic liberty more important than economic equality? These are the kinds of questions that have been debated since the inception of this country. Today, Republicans and Democrats are strongly divided on this issue. Democrats…

It’s already hard enough to be a woman in our society. Woman go through so much like carrying a human being for nine months, birth, and especially our reminder of it every month for a week when we have our menstrual cycle. But does it have to be expensive to be a woman too? Pads and tampons are not a choice for woman so why are they taxed? Every month woman use and need pads and tampons they are medical necessities not a luxury. A women’s period should not be taxed and should not feel like an…

Other more traditional taxes include : Federal Value added tax The value added tax (VAT) is one of the Confederation's principal sources of funding. It is levied at a rate of 8 percent on most commercial exchanges of goods and services. Other items such as food, drugs, books and newspapers, are subject to a reduced VAT of 2.5 percent. Medical, educational and cultural services, are tax-exempt; as are goods delivered and services provided abroad. Federal withholding tax The federal withholding…

Fire Departments across the nation occupy a precarious financial position; their budgets rise and fall as the local tax base expands or contracts. At the same time, local citizens demand, at a minimum, that the fire department provide the same level of service from year to year. Not only does this stress day-to-day operations, it also makes it nearly impossible to meet regulatory requirements or forecast long term capital purchases. Executive Fire Officers are forced to find creative solutions…

So what are some of the alternatives? The best knowns are the Flat Tax, the Value Added Tax (VAT), the Tax Reform Act of 2014, and a national sales tax. However, only one of those proposals eliminates the IRS along with corporate and income taxes. In 1995, a Houston businessman, tired of wasting time on tax conversations and issues…

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…