Category: Tax

Tax Reform: Corporate Tax Reduction and Its Consequences The state, being the most important participant in corporate relations, performs the functions of not only a regulator of organizational, legal, and financial relations but also an active independent player in the financial market. The presence of state regulation allows not only to clarify and regulate the…

US Tax System: Deferred Compensation Definition Table of Contents Introduction U.S. Tax Code and Taxation 401K Taxing Alternative IRS Audit Conclusion References Introduction The concept of deferred compensation is an essential maneuver in order to alter the tax value. Despite the ongoing theoretical synthesis of various aspects of taxation, there is no specific and holistic…

Income Tax versus National Sales Tax The question of the best kind of taxation system favorable for use has raised great concerns to many people and governments. The purpose of the study is to present information on both systems in order to determine the system that is more favorable for use. From the information provided,…

Tax Cuts and the Economy Tax can be referred to as a fee that the government levies on activities, products or even incomes. It can either be levied directly on corporate as well as personal incomes or be indirectly levied on services offered or price of goods sold, with the incentive of financing of the…

The US Estate Tax Reform I believe that the US estate tax is reasonable and provides a number of social, economic, and political benefits to the state. Being first introduced in the 18th century, it conforms to the democratic principles of equality and fairness. However, the recent raise of the estate tax exemption is controversial,…

Tax Research Memo and Calculations Eighteen months ago, Barry Bartolo won a $2 million Massachusetts state lottery and chose to receive it as a $120,000 annual annuity for the rest of his life. This year his sisters persuaded him to sell the annuity to a financial institution for $1.79 million and invest the proceeds in…

Tax System for Decrease of Cigarette Consumption Table of Contents Introduction Main body Conclusion References Introduction The government undertakes the implementation of various public policies most of which are aimed at protecting its citizens. Taxation is one of these public policy measures that are used by the government to control harmful behaviors of individual or…

Personal Income Tax in Hong Kong and China Table of Contents Introduction Hong Kong Tax System American Tax system Differences causing taxpayer participation Conclusion Reference List Introduction Taxation is known to be one of the most popular channels of raising money to fund government operations viewed to be of the common good of all citizens.…

Hong Kongs Tax System Table of Contents Introduction Personal Income Tax System and Tax Player Participation Engaging Tax Player Participation Comparison of Hong Kongs and United States Tax System Appropriate Tax System Conclusion References Introduction Any country will adopt a particular tax system as a way of solving most of the social and economic problems…

The Sources of Tax Revenue in the US Taxes represent involuntary charges imposed on people or companies and controlled by a government agency, whether local or national, to fund different operations within the country. From an economic perspective, taxes fall on the one who caters to their burden, be it an establishment such as a…