A tax haven is a state, country or territory where certain taxes are levied at a low rate or not at all, which is used by businesses for tax avoidance and tax evasion Individuals and/or corporate entities can find it attractive to move themselves to areas with reduced taxation. This creates a situation of tax competition among governments. Taxes vary substantially across jurisdictions. Sovereign states have theoretically unlimited powers to enact tax laws affecting their territories unless limited by previous international treaties. The central feature of a tax haven is that its laws and other measures can be used to evade or avoid the tax laws or regulations of other jurisdictions. read more
The reason that taxes for uncooked foods are exempt from sales tax is so that lower income people are not burdened by the sales tax for their necessities. The major concept in this form of taxes is that people who earn more pay taxes in proportion to their incomes and those in the lower income group are exempt from paying sales tax on items that are absolutely essential for life. Value is created by exchange because people will give what is of less value in exchange for something that something that is of greater value to them. In this manner, both parties benefit from the exchange. To earn the best grades in your Dissertation, Thesis and college assignments you should choose an academic writing service that will meet your best writing needs. read more
A uniform tariff classification of products can be relevant in determining what are “like product” if sufficient detail, tariff classification can be a helpful sign of product similarity. However, there is a major difference between tariff classification nomenclature and tariff bindings or concessions made by members of the WTO under Article II of the GATT. There are risks in using tariff bindings that are too broad as a measure of product likeness. It is true that there are numerous tariff bindings which are in fact extremely precise with regard to product description and which, therefore, can provide significant guidance as to the identification of “like product” read more
The effect of terrorism on tourism and the economy
The world is becoming full of dangers and harmful acts done by people to destroy each and other. Some of these acts are done in the name of religion; others are done in the name of humanity. While any kind of violent activity cannot be justified, terrorism has become a major part of some of the countries. Terrorism can prove to be a deadly act which can harm the lives of thousands of citizens who are living in a particular place. It is commonly done by groups who wish to become dominant over the entire world or seek their personal purpose for killing other people and destroying their lives. read more
Socio-Economic Crisis in America
Illiteracy statistics in America are alarming and represent not only a socio-educational crisis but also a socio-economic crisis. In a survey conducted by Trivani Word Press in 2008, America was ranked 12th among 20 higher income countries. On the domestic front, statistics further reveal that 7 million adult Americans are illiterate and only 50% are unable to read a book at 8th-grade level (Morse, 2007).
The Economic Impact of Illiteracy is Profound in America
Children of adults who may not acquire a decent job in their lifetime due to illiteracy are supported by the taxpayer’s money. Illiteracy in families undergoes inter-generational cycle; the likelihood of illiteracy in children born in families where parents are illiterate is high due to lack of role models. By observing their parents from childhood, these children are cultured to think that illiteracy is normal since their parents are able to cope without education.
Gradual Evolution of Brazil US Trade Ties
Schott (2003) explores the gradual evolution of Brazil-U.S. trade and business ties. He’s primary focus is how the two nations can work together to improve bilateral involvement in trade, business and investment. From his paper, it is appropriate to conclude that, for a bilateral relationship to be made possible, there must be some cultural alterations, to some extent.
Economic policies of Britain
The ageing population of the British economy has been a key driver of their economic change. The government has been keen to note some of the economic challenges and opportunities that have been brought along by the ageing British community. Despite the challenges that are presented by this ageing population, there are also positive opportunities that can be embraced from this change in demographics that is being experienced in the British community (Riley, 2006).
Economic Growth cannot Reduce Poverty
Economists believe that economic growth cannot reduce poverty, improve equality and produce jobs unless it is inclusive. Inclusive growth is essential for the achievement of the Millennium Development Goals (MDGs) over above other merited advantages. Indeed, political analysts and theorists concur that if the process globalization is successful – it is likely to become an essential ingredient for inclusive growth globally.
Marxist Theory of Poverty and Inequality
Lastly, the Marxist theory of poverty and inequality is a radical departure from the individualistic and the cultural theories. Marxists do not blame the poor for their poverty (individualistic approach) nor do they blame their culture (cultural approach) (Jordan 1996).