International taxation

The first question actually refers to morality since both are related. Immanuel Kant(1724/1804) was one of the most prolific philosophers of his time he evaluated the idea of goodwill and how one can attain it. “Goodwill” according to Kant is absolutely the only thing that we most posses to carry out a moral act. In his believes our actions are only well intended if there is goodwill in them. In other words, a good action cannot be executed without goodwill and it could be bad to others. I…

Are the Rich Necessary by Hunter Lewis explains some economic arguments and how they reflect personal values. I have picked two chapters from the book that explain why or why not, we need the rich. I will first describe some theory’s in chapter four that assert the reasons behind the rich not being prevalent to our society. In chapter four, Hunter Lewis begins by describing how a large scale human society has never achieved such a thing as not having rich people. Having said this, it is…

Since the beginning of time men have proven to abuse their power if they are able to obtain it. Our Founding Fathers were aware of this, and did what they could to create a government to avoid what seems to be the inevitable. This government was designed to be limited in their power, and balanced throughout three branches. It was designed to be smaller in size, and procedures were put in place to hinder its growth. This complex masterpiece of our Founding Fathers has become the inspiration of my…

If you've sold assets, made investments, have mutual funds, stocks, or received an inheritence, you'll need to figure out your tax basis when filing your income tax return. Tax basis is also commonly known as cost basis, depending on whom you're dealing with. They are often used interchangeably to mean the same thing. It can be complex because it matters how you came to own the shares or mutual funds. Your tax basis is determined by the amount you use from the investment that is for profit or…

The book defines the fiscal policy as the management of the federal budget to achieve price stability, full employment, and a satisfactory rate of economic growth. Chapter 8 discusses ways to attain these goals, such as controlling its spending levels and taxes. The fiscal policy was invented by a theorist, Maynard Keynes; in the 1930s during the great depression. The suggestion Keynes made was for the government to spend money, his suggestion worked and got America out of the depression during…

ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 The Economic Growth and Tax Relief Reconciliation Act of 2001 was the first major tax cut legislation signed into law by President George W. Bush. The tax cuts were to be temporary, lasting 9 years before expiring in December 2010.11 The Tax Act of 2001 affects all taxpayers for the rest of the decade. However, since it contains a sunset provision, Congress must affirm the law or the changes will end after December 31, 2010. The major…

Understanding the Impact: On a daily basis, the government knocks and regulates different services that include protection, electricity, health care, keeping and water. The government, on a fundamental level, plays a role in how and when trash is disposed. Taxation is also a control of the government that determines the amount of money citizen are allowed to keep as well as how much citizens must pay. This directly impacts the amount of money citizens have on a daily basis. The government has…

STPL in respect of the pricing adjustment to be made by the Chinese tax authority (15 marks); • An economic double taxation would be resulted. An economic double taxation arises where two enterprises resident in different states are assessed to tax on the same profit or income, without relief provided by either state for tax imposed by the other. This double taxation may arise as a consequence of non-arm’s length transactions. The profits of one enterprise (as FKL in the case) are…

The U.S. Census Bureau attempted to employ a Field Data Collection Automation (FDCA) program to expedite the collection of information. The FDCA project is important to the Census Bureau for many reasons. The first reason is the reduction of costs associated with the collection of information. Going door to door with paper forms is costly. The actual forms that are used cost the government mass amounts of money to produce. These forms are then peddled door to door by people who are paid wages…

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