Q: at type of tax. ommon carrier's tax value added tax
A: Taxes are the legal obligation of a individual or a corporation towards the government. They are the…
Q: A) Which do you think is the most important among the three inherent powers of the state? Why?
A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…
Q: pls answer it all in details ASAP 1. Discuss THREE advantages and THREE disadvantages of the…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Tax credits are often created by the government to provide economic incentives to individuals and to…
A: An income tax credit can be defined as that sum of money that a tax paying person, entity or…
Q: 1. List five other names ascribed to taxes.
A: Taxes refers to the compulsory financial obligation which is imposed on the taxpayer or individual…
Q: Interest from which source is usually tax-exempt on the federal return?
A: The interest which is earned and received by the taxpayer from the amount of money which has been…
Q: Te government ofers a temporary investment tax credit: for each dollarof investment that frms…
A: Firms always consider to buy more investment goods if the government offers a temporary tax credit…
Q: Read Section 1362: If the corporation has prior CE&P, describe the tax risk of Section 1375.
A: If the corporation has a history of CE&P, the tax risk of Section 1375 is increased. This is…
Q: Give atleast one threat/opportunity of Jollibe corp interms of taxation, provide facts or reference,…
A: Taxation is an essential part of any business, and Jollibe Corp is no exception. Jollibe Corp is a…
Q: Critically examine
A: (i) Identify the income tax expense (income) shown in the income statement. On what basis this…
Q: Ek to course 'Taxation(1)' on 2 The taxation rules and regulation- authorities red Select one: d out…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Develop and diagram at least three different approaches for Axle and Cooke to consider, in executing…
A: Introduction:- A deferred tax asset is an item on a company's balance sheet that decreases future…
Q: advantage of offshore trust in terms of taxation?
A: High-net-worth (HNW) clients generally see offshore trust corporations as the pinnacle of competent…
Q: a. Explain what is meant by general anti-avoidance rule. B). State what impact this could have on…
A: Anti-avoidance in general:- The GAAR is a concept that allows a country's Revenue Authority to deny…
Q: **Tax Planning and Compliance Accounting: A Comprehensive Case Study** *Introduction:* In the…
A: Eliminating the incorrect options:A) To complicate financial transactions: Transfer pricing…
Q: ights reserved. Match each legislative act with its chief accomplishment. created an income tax to…
A: The Federal Reserve Act, signed into law in 1913, aimed to address financial instability in the…
Q: Definition The recording of transactions and events only, either manually or electronically. An…
A: 1) The term Bookkeeping refers to the process which tells us how to keep record of financial…
Q: the connection between a state and the business that the state is seeking to tax Select one: O a.…
A: Lets understand the meaning of all the options. Average tax rate is a tax rate at which tax payer…
Q: S1- Tax is an involuntary fee levied on businesses that is enforced by the legislative body in order…
A: As we know that Tax is levied by the government on individual and businesses. Lawmakers makes the…
Q: Taxation has three mains features, one taxes are compulsory, secondly they are used to pay for…
A: Taxation is a compulsory levy under the purview of a judicial system from a person generating income…
Q: QUESTION 26 The U.S. tax code is based on the idea that everyone should help finance the government…
A: A tax code seems to be a federal govt regulation, generally, thousands of pages long, that explains…
Q: recognized in the taxable income of the period, even if the financial instrument has not been sold.…
A: Tax accounting for financial instruments involves determining the tax treatment of various financial…
Q: ● ● ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM Fiscal Adequacy - sources of revenue should be…
A: There are two types of taxes levied by any government which is the main source of revenue for the…
Q: Answer the following questions below: 2. List six distinguishing features of a tax. 3. State four…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: a) Using suitable illustrations, discuss five moral and ethical issues against tax avoidance with…
A: The tax-avoidance methods summarized in the examples below: 1. Exemption of foreign affiliate income…
Q: A & B contribute marketable securities to Corp. Z in exchange for all the issued stock. The…
A: Marketable securities are those investments that can be swiftly converted by the business entities…
Q: s Problem 5-39 (LO 5-1) (Algo) For the following independent cases, determine whether economic…
A: ECONOMIC INCOME Economic income is the way for companies to account for changes in the value of…
Q: A) Which do you think is the most important among the three inherent powers of the state? Why? B) If…
A: Tax refers to the amount paid by the citizens of the country to the government. tax is paid every…
Q: In determining Ordinary and Capital Gain tax rates to use a. Use only Federal Rates D. Use Federal…
A: Following is the correct option with explanation.
Q: b) Discuss the current global initiatives addressing tax base erosion and profit shifting, and…
A: Base Erosion and Profit Shifting refers to tax planning strategies that exploit gaps and mismatches…
Q: What is valid? ○ Tax rate ties together the information you have defined for a Zone Definition and a…
A: Tax rate ties together the information you have defined for a zone definition and a tax class to…
Q: The BIR issue Revenue Memorandum Circular No. 97-2021 inre: Taxation of Any Income Received by…
A: RMC circular No. 97-2001 states point some of which are mentioned below 1. If Income is…
Q: The federal tax laws, written by W, are found in the X. The rules related to these tax laws are…
A: Tax: It is compulsory to charge imposed on the taxpayer by the government. Tax is the main source of…
Q: Statement 1: The distinction of a tax from permit or license fee is that a tax is imposed for…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Which is TRUE? S1-Only the legislative body can exercise power to levy S2 - Only the executive…
A: The power to levy tax is generally exercised by governmental bodies or legislative bodies. In…
Q: Companies are required to report which of the following known liabilities Unearned Revenue OPayroll…
A: Current Liabilities - Current Liabilities are the amount due to the company. But Company has not…
Q: A feature of the schedular system of taxation: O The tax system applies to individuals O It…
A: Taxation not only pays for public goods and services; it is also an important component of the…
Q: The ideal taxation system is a good tax system, that is, it must comply government needs whose…
A: Government charges two different taxes from its customer. One is direct tax and the other is…
Q: 3. State four reason that tax policies are used for by the government.
A: As per our company standard we are supposed to answer only one question. Kindly post remaining…
Q: Which of the following statements is true? O A. Corporations have one owner, while proprietorships…
A: Corporations: A type of business entity that is separate from its owners, known as shareholders. It…
Q: A) Which do you think is the most important among the three inherent powers of the state? Why? B) If…
A: Tax is a compulsory payment made to the government of the country. The residents of the country are…
Q: U.S. taxable income (a) Total creditable foreign tax (b) FTC limitation* FTC allowed (lesser of (a)…
A: Income tax may be define as the tax charges levied by the government or the authorized bodies upon…
Q: While reporting under IFRS will not be required until 2015 or 2016, we are already beginning to see…
A: The International Financial Reporting Standards or IFRS are the accounting rules that provide…
Q: • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public…
A: A sound tax system is the backbone of any nation as it generates…
Q: 1. The subsidies provided by public authorities to firms represent a/an: a. opportunity b. strength…
A: The profitability status of the company can arrive from the income statement prepared by the…
Q: Discuss the MODIGLIANI AND MILLER (MM) propositions I and II in a no-tax world. Then, discuss MM…
A: Modigliani and Miller Theorem was proposed by F. Modigliani and M. Miller in 1958, while both of…
Q: • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public…
A: Every govenment wish to act as a welfare state. Wealth is…
Give me one 2 threats/opportunity of Jollibee corporation interms taxes and regulation, with strong basis
Step by step
Solved in 2 steps
- answer these questionThe CMA (Capital Markets Authority) has put in place several tax incentives to encourage investments in capital markets. Highlight some of the tax incentives by the C.M.AUsing suitable illustrations, discuss eight moral and ethical issues against tax avoidance with the specific reference to Multinational corporations (MNCs)
- 454 Which of the following statements is/are correct?I. Tax evasion in one year can be offset by paying excessive taxes in the following year.II. Taxation can be exercised by local government units even without a previous constitutional authorityIII. Tax laws should always be aimed at revenue collection.IV. A tax is a voluntary donation to the government.V. The salary of the President of the Philippines is not subject to income tax. Group of answer choices Answer not given I, IV and V All statements are correct IV and V II, III and V III, IV and V All statements are incorrect7. Setting accounting standards by the private sector isSelect one:a. Independent discipline approachb. Microeconomic approachc. Common law accountingd. Code law accounting
- • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.9 You are trying to decide if an entity you are reviewing is a government or a not-for-profit. Which of the following would indicate it is a government rather than a not-for-profit entity? Multiple Choice Absence of profit motive. A primary source of revenues is taxes. Resource providers do not expect benefits proportional to the resources provided. Absence of a defined ownership interest that can be sold, transferred, or redeemed.
- • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.Mai Shinas LLC pays taxes on time and follows all the laws of the country fulfill the responsibility of the organization towards O a. Customers O b. Employees O C. Suppliers O d. State (Government)
