Value added tax

1. Business perception This paper attempts to give a critical reflection on my learning experience within GB500 subject Business Perspectives and also shows the interdependence of the business theories with the studying towards a future status of effective professional manager in successful entrepreneurship. It is based on multidimensional concept (Bula, 2012a). Before undertaking the subject I had an experience with business environment through my previous studies and work experience but as my…

increase and increase customer satisfaction. That in turn adds value to external stakeholders as well because Target can then clean up their supply chain, and have priority on the best possible products, creating a positive relationship with those vendors.…

and 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…

compensation, and the power to tax (p.56). These powers are both enjoyed by federal and state government. When you hear April 15th, the last day to file your taxes without a penalty should come to mind. Some states charge state taxes in addition to Federal taxes that are being charged already. This is a prime example of the concurrent powers in action. Since this is a shared power and not exclusive both entities can tax you. Additional examples of its power to tax ranges from the ability to…

The change in enthalpy for the combustion of magnesium metal Abstract ======== Hess’s law of heat summation states that the value of DH for a reaction is the same whether it occurs directly or as a series of…

Value creation is the direct consequence of an action or decision initiated by an entity. In essence, it is the measurable change in the “value” of the entity, be it a firm’s listed stock price, a company’s enterprise value of future earnings or its accounting value, due to the benefits and costs generated from a corporate action. With regards to businesses, firms generate benefits and costs in the form of monetary value, however this is disillusioned with regards to the perspective of the value…

fashion week like consumers, television and radio crews, photographers and journalists. The use of media extends the popularity of Fashion Week, which lures more people into going to this high event. More attendance is mainly tourist so revenue is added to the tourism industry. London’s fashion week generate 98 million euros as of 2009. The fashion industries are contributing benefits to other aspects to Britain’s economy. The outcome of London’s Fashion Week is an increase in purchases of the…

The flat tax, progressive tax and value added tax are three very different and unique tax systems. All three tax systems have similarities and differences. By comparing these three tax systems we can understand their advantages and disadvantages and see which one is the best for the United States. Currently, the United States uses an income tax called the progressive-rate tax system. This tax rate system is very complex and requires taxpayers to complete multiple forms, compute deductions, and…

increasing income equality, multiple laws, regulations and tax credits have been effectuated. For a period of three decades, economists have advocated the use of a tax system for this purpose. For example, transferring the responsibility to a tax system such as Earned Income Tax Credit (EITC) has been proven to be more efficient than other methods, such as the welfare system. The welfare system has not been completely transferred to a more efficient tax system due to political reasons, not…

up paying the tax by paying more for the good or service. Examples of indirect taxes could be VAT and a number of excise duties on alcohol, tobacco and oil. On the other hand, direct taxes are taxes levied directly on the income of an organization or individual. It is completely different to indirect taxes as it is just paid to one entity. Income tax, capital gains tax, inheritance tax and corporation tax are also categorized as direct tax. It is argued that high level of indirect tax may create…