Essay about Taxation - 622 Words

TAXATION HY 1110 Angel Dark Taxations are charges that are levied to the citizens of the state so as to contribute some income for the support of government activities. Taxation acts as the one of the main ways of generating governments’ income for its spending in provision of state utilities to its citizens. Debate is the kind of discussion that is based on a particular topic where participants have opposing arguments. The debate for this paper is about, â€Å"The appropriate action of the colonists in response to taxation imposed by the British crown†. For each and every one of us is aware that all debates are as a result of a given situation or state and must begin from somewhere and end somewhere. The debate between†¦show more content†¦The place where all these were happening was in America Empire. In the debate situation, one party is likely to win whereas the other obviously losses the motion. In the debate between the colonists and the British crown; the winners were the colonists for they stood and gave some of the support information needed for them to be acknowledged by the law and be allowed to be represented in the constitution. There are some of the current events that are happening today were also seen in the debate. They included; discrimination was the major source of the debate for the source of the disagreement was due to looking upon colonists who were not treated in the same manner and the citizens of the country since they were denied voting and representation rights. The same discrimination is still in place today although it’s expressed in different forms. The political, religious, or economic concerns were the most dominant motivation in this debate for they had the individuals who could give advice on what would be followed even if it was wrong (Rakove, Rutten Weingast, 2000). In conclusion, it took courage for some colonists who fought for their revolutions in order to be allowed rights to live and enjoy rights of other citizens of America. References Christie, I. R. (1977). British Politics and the American Revolution. Albion: A Quarterly Journal Concerned with British Studies, 9(3), 205-226. Gardner, L. A. (2012). Taxing colonial Africa: the political economy ofShow MoreRelatedTaxation3416 Words   |  14 Pagesï » ¿ Taxation Requirement 1 Part 1 (a) Explain what is meant by â€Å"income by ordinary concepts†. a) Ordinary income (s6-5) is an element of Assessable income. In the context of the Income Tax Assessment Act 1936 and ITAA 1997 assessable income is made up of Ordinary Income and Statutory Income. Assessable income includes income according to ordinary concepts which is called ordinary income s6-5(1). Legislatures and courts haveRead MoreTaxation7550 Words   |  31 Pagesevidence of expense incurred and/or odometer records to substantiate an estimate of expenditure on fuel and oil (s 900-70). No substantiation is required where the TP uses the 12% of original value method or the cents per kilometre method. Base on Taxation Ruling TR 97/23, such as oiling, brushing or cleaning items otherwise in good working condition to prevent the possibility of future deterioration would not constitution repair. Therefore, the expenditure cannot be deductible. In this case, the expenditureRead MoreTaxation801 Words   |  4 PagesCFC legislation, taxation on passive income and access to multilateral agreements. The Group will be moving from a high income tax rate (US) to a low tax rate (UK). In addition to the restructuring it would shift from a worldwide system to a territorial system, which means that as a resident company it would be subject to tax in respect of income derived from the source of income. Furthermore, in relation to domestic rules there is only moderate CFC legislation in the UK and taxation of passive incomeRead MoreTaxation in India7533 Words   |  31 PagesTaxation in India The Indian Tax Structure is quite elaborate, with clear distinction in authority between Central, State and local governments. The taxes levied by the Central government are on income (other than tax on agriculture income which would be levied by the state government), customs duties, central excise and service tax. The State government levies Value Added Tax (VAT), sales tax in states where VAT is not applied, stamp duty, state excise, land revenue and tax on professions. LocalRead MoreNotes On Tax Taxation And Taxation1401 Words   |  6 Pages 3. Source-source double taxation. This is when both countries consider the source of the income to be within their country. Tax treaties will provide rules for determining the source of income. The source rules not only clarify in which country the income originated and may be tax but also states that the country that does not impose taxes must provide a relief from double taxation.† Economic double taxation is where the same income is taxed in more than one country in the hands of different taxpayersRead MoreTaxation Is The Principle Means805 Words   |  4 PagesTaxation is the principle means through which the government collects revenue. Government tax is used for providing essential public amenities, that otherwise would not be provided by private sector. These essential public services provided by the government include security and physical infrastructure. Therefore, it is vital for the country that individuals working in various economic sections pay tax. The government will then be able to consistently offer these services to the economy, which inRead MoreThe Taxation Of South Africa1776 Words   |  8 Pagescountry’s own people conduct business, or foreigners invest or trade within its domestic jurisdiction, it is necessary for the tax system to balance carefully its domestic and international economic objectives. It is essential to understand how the taxation system is applied to residents and non-residents in order to maximize one’s own benefits through adequate tax planning. In South Africa, the law determines the tax system through which the Commissioner must oversee/enforce. Among all the tax actsRead MoreEssay on Taxation985 Words   |  4 PagesTaxation systems are usually modeled in such a way that they take into consideration the social welfare of the citizens. The government and other policy makers have the responsibility of ensuring that the system takes into account the needs of the citizens. The bottom line is that taxation should foster equal distribution of resources. The rate of taxation is usually arrived at after several considerations have been made. The rates are not fixed as they depend on the various economic changes. TheRead MoreThe Canons Of Good Taxation Essay1464 Words   |  6 PagesCanons of good taxation refer to Adam Smith’s study illustrated in the book ‘Wealth of Nat ions’. The canons consist of equity, certainty, convenience and efficiency are used to determine the effectiveness of a tax system. This report will critically analyse these canons in relation to the recent bright-line test announced by the government. The bright-line test seeks to improve upon the intention test under ss CB 6-CB 15 by proposing income tax on gains received from disposal of residential propertyRead MoreTaxation 11745 Words   |  7 PagesTaxation 1 – Assignment 1 Q1) 1-7 Net Income for Tax Purposes Case A: Income Under ITA 3(a) Employment Income $46,200 Business Income $13,500 Property Loss (see ITA 3(d) below) NIL $59,700 Income Under ITA 3(b) Taxable Capital Gains $14,320 Allowable Capital Losses ($23,460) NIL Balance from ITA 3(a) And (b) $59,700 Subdivision e deductions ($4,800) Balance under ITA 3(c) $54,900 Deduction Under ITA 3(d): Property Loss