Direct taxes are charged on income, profits or other gains and are either deducted at source or paid directly to the tax authorities. The direct taxes payable by individuals are income tax, capital tax and inheritance tax, and the direct taxes payable by the companies is corporation tax. All of these taxes are administered by HM Revenues and Customs (HMRC), which was formed in April 2005 by the merger of Inland Revenue and HM Customs and excise. NIC (National Insurance Contribution) is also l...
One of the major factors in determining prices of U.S. farm products and food is the long-run supply price of food grains and livestock products (Jermai,1989). The variable costs of producing crops have gone up sharply in the United States along with the costs of fuel, fertilizers, herbicides, and farm machinery. 2.13.2 The Longer- Run Demand for Food Fluctuation in the petroleum prices affected the developed countries but if some adjustment in the currency, their growth can be continued .whi...
What is gender budgeting analysis. Gender budgeting analysis can be defines as a government budget involve expenditure allocations and revenues that direct and indirect impact on both women and men. Hence, gender budget is not only a separate budget for women but also include men. It also can act as an instrument for holding the government accountable to its gender equality commitments. Through Gender budgeting analysis, we can tracing how the government budgets affect women in the unpaid car...
Colombia The economy of Colombia has been growing strongly in recent years, helping to reduce poverty. The poverty rate has decreased from 57% in 2002 to 49%. However, it is still very high and wealth is distributed unequally. Another malice for the country is its shadow economy, which has been estimated to be between 20% and 40% of GDP. Now country is suffering from the global economic crisis. GDP and growth rate. According to the CIA Factbook, Colombia's GDP by purchasing power parity in 20...
The definition of a drug is a chemical substance used in the treatment, cure, prevention, or diagnosis of disease or used to otherwise enhance physical or mental well-being. Illegal drugs obviously mean drugs that are prohibited and banned by law. The difference between legal drugs and illegal drugs is that illegal drugs are far highly addictive than the legal ones. Unlike illegal drugs, legal drugs are controlled by law and prescribed by pharmacies and doctors. Illegal drugs also cause far m...
Retail Introduction We'll analyze the demand side factors of retail sector. Today's customers demand much more from retailers than just products at competitive prices. They expect specific products with tailored promotions and services to satisfy their unique, individual needs. But still the key demand side drivers remain the same i.e. price, taste, substitute/complements, income and distribution of income. Adapted from Euromonitor. Demand side drivers 1.a. As the scope is vast, we'll concent...
Economic policymakers in most countries go out of their way to attract foreign direct investment (FDI). A high level of FDI inflows is an affirmation of the economic policies that the policymakers have been implementing as well as a stamp of approval of the future economic health of that particular country. According to UNCTAD (2007), India has emerged as the second most attractive destination for FDI after China and ahead of the US, Russia and Brazil. India has experienced a rise in FDI infl...
The Foreign Direct Investment play very important role in many developing countries in generating capital, job employment and technology transferring. As a trend of FDI moves forward to country which rich in natural resources and have advantage in cheap labor, in the case of Lao PDR also no exception. The Lao People's Democratic Republic is a landlocked country, which is located in Southeast Asia and bordered with five countries namely: Cambodia, China, Myanmar, Thailand and Vietnam. Its land...
Abstract Domestic Direct Investment is one of the contributors in Malaysia economic growth. The purpose of this paper is to investigate what determine the domestic direct investment in Malaysia by using time series data from year 1980 until 2007 (28 observation) based on the OLS regression which is Linear Log Multiple regression method and causality testing. Many study shows that the financial factor is the most important determinant to domestic direct investment. But the result shows that on...
The establishment of a practicable system of economy: - Islam encourages the economy to work in natural way and roots of which are very practical without any exterior forces to do so. That put forth the very reason of being a human to perform at its natural capacity level without exploitation of oneself. Enabling every one to get what is rightfully due to him:- Islam being a religion beyond boundaries allow people to earn wealth by actually participating in the work process thus earn the weal...
