I would like to bring to your attention the tax ramifications of your expressed consideration to sell your estate to us. But before I can do that, I consider it very essential for you to understand how ABC Trusts work. This will require initial knowledge of how the more common AB Trusts work. AB Trust: An AB Trust offers creditor, lawsuit, divorce and bankruptcy protection […]

Abstract The first part of this paper assesses the canons of taxation, generally acknowledged as the benchmark for good tax systems, in order to determine its critical elements and to evaluate the extent to which the taxation system for small businesses in the UK conforms to its principles. According to the classical suggestion by Adam Smith, a good tax system should be judged by four […]

Interest Charges Dear Mrs… Black: Thank you for your phone call in regards to your concern about the interest penalties and charges from the IRS regarding the bonds you cashed in last April during tax time. I write you this letter to inform you that I am unable to pay these fines, as explained in this letter. Last April, you called and kindly asked if […]

In the article “Big fat tax is no gut buster” author Susie O’brien attacking the new tax on the fast food industry. By the opening slogan, “DON’T tax the big mac” she asserts her position on the tax. Written in bold the slogan immediately catches the eye and as it cleverly rhymes is very memorable. The author continues in cementing her standing on the issue […]

The head of tech giant Apple has hit back at the European Commission’s ruling about its tax operations in Ireland saying that it has “serious, wide-reaching implications.” Responding to the Commission’s decision that , Tim Cook said that “in Ireland and in every country where we operate, follows the law and we pay all the taxes we owe.” Here is Tim Cook’s letter in full: A […]

1. INTRODUCTION 1. Tax Incentives for Investments in Singapore Tax incentives have been an integral part of Singapore’s economic development strategy since the 1960s. For more than 30 years, tax incentives have been used to attract investments and create jobs. Now we are the focal point for foreign investments, research and development and services in Asia. Over the years the government has introduced a wide […]

Technology has not come without its demerits. Today, one thing that technology has been able to achieve is an easier and more comfortable life for people. This has been made possible by the easy to use, easy to dispose products that they have introduced to the market. Although we save more time and find these products easier to use, the environment suffers the adverse effect […]

Resident Indonesian companies are required to withhold tax at a rate of 20% from payments to foreign companies. ” Goods and Services Taxation “A Goods and Services Tax (SST) is levied at the rate of approve 10% at point of sale, by major vendors. ” Individual Income Taxes – Income of a sole proprietor must be included in Individual Pest Analysis By Veterinary Tax Return […]

Of late, differences in the tax systems between countries have been a subject of debate and have occupied center stage in most forums. Due to this, we shall now focus on the various effects that have been generated by these differences. Notably, the essay will focus on Japan whose corporate tax rate is the second highest in the world. Disparities in the taxation systems between […]