This document compares the taxation systems of Jamaica and Switzerland.
Jamaica operates within a constrained macroeconomic environment as a small, open economy highly sensitive to global trends. Despite this, Jamaica mobilizes over 20% of GDP in tax revenue, an impressive performance. Jamaica's tax system relies on major taxes like income tax that are common to successful countries. However, Jamaica's tax rates are high and administrative procedures increase business costs with suboptimal compliance levels.
Switzerland has a complex, multi-level tax system with federal, cantonal and municipal taxes. Tax rates and rules vary significantly between cantons. Switzerland is sometimes considered a tax haven due to generally low tax rates and exemptions. Taxes are levied
At the end of this lecture, you should be able to:
- Define taxation and taxes.
- Enumerate and explain the three inherent powers of the state.
- Describe different internal revenue taxes.
- Explain the different characteristics of taxes.
- Describe the nature of taxation in the Philippines
Tax is a crucial revenue stream for administrations across the world.
While many agencies have already established processes for compliance and enforcement, a combination of avoidance and error is still costing governments billions.
Detection and Prevention measures provide the key to tackling these challenges
An overview of current tax reform proposals and potential implications. Overview of business implications with Chairman Camp's 2014 discussion draft, Senator Hatch's 2014 report on tax reform, corporate integration, House tax reform task force, and The Trump Plan.
At the end of this lecture, you should be able to:
- Define taxation and taxes.
- Enumerate and explain the three inherent powers of the state.
- Describe different internal revenue taxes.
- Explain the different characteristics of taxes.
- Describe the nature of taxation in the Philippines
Tax is a crucial revenue stream for administrations across the world.
While many agencies have already established processes for compliance and enforcement, a combination of avoidance and error is still costing governments billions.
Detection and Prevention measures provide the key to tackling these challenges
An overview of current tax reform proposals and potential implications. Overview of business implications with Chairman Camp's 2014 discussion draft, Senator Hatch's 2014 report on tax reform, corporate integration, House tax reform task force, and The Trump Plan.
The presentation talks about the detailed procedures for Registration, Return Filing, Classification of Services, Bundled Services, Assessments, Records, Invoicing requirements, Revision of returns etc. I am sure it will be useful to all.
The Service Tax was payable on receipt basis i.e. on receipt of amount of the invoice or bill from the customer or receipt of advance, whichever is earlier.
With the introduction of POT Rules, general rule for the time of provision of service would be the earliest of the following dates:
a) Date on which service is provided or to be provided
b) Date of invoice
c) Date of payment
On 16 March 2012, the Honorable Finance Minister of India presented in the Parliament the country's Finance Bill for 2012-13, containing proposals on direct and indirect taxes, and key policy initiatives.
In this regard , we are pleased to release the update capturing the key amendments proposed by Finance Bill 2012, in Service Tax provisions of Indian Indirect Tax Law.
The key highlights of the major changes suggested are as follows:
Introduction of Negative List.
Changes in the rate of tax.
Changes in Valuation Rules.
Point of Taxation Rules amended.
We hope this makes for an interesting and informative read.
Presentation on service tax Act 1994, for undergraduate commerce students of Goa University. Includes historical background, year wise tax collection e for last 20 years and procedural aspect of service tax Act 1994 with latest amendments are covered.
This presentation contain information regarding history of income tax, legal framework, tax collection bodies, types of tax, income tax, canons of taxation and definition for the term assesse, person, previous year, assessment year, income, total income and gross total income and agriculture income as per IT act 1961
Fta brazilian taxadvices_for_international_investors Dec 2017Marcelo Couceiro
How doing business in Brazil is a basic summary of tax and corporate aspects international entrepeuners and executives need to understand on their strategic planning phase to enter in Brazil. We recomend as best practice request assistance to experts in order to carry out their business in compliance and adding value to your business.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
2. A few points deserve special emphasis:
• Unitary tax system • Switzerland is sometimes considered a tax haven
due to its general low rate of taxation, its political
• First, Jamaica’s tax system operates stability as well as the various tax exemptions or
within an unusually constrained reductions available to Swiss companies doing
business abroad, or foreign persons resident in
macro-fiscal environment: Switzerland.
• Federal tax system
• Switzerland places taxes on income and wealth
– Jamaica is not only a small open (direct taxes) as well as on goods and services
(indirect taxes). The tax system is quite complex
economy and thus particularly due to the fact that the Confederation, the 26
sensitive to fluctuations in cantons and about 2,600 municipalities, levy their
own taxes based on the Federal Constitution and
theglobal economy, but with a 26 cantonal constitutions.
particularly high level of public
debt in excess of 120% of GDP; • The three levels of taxation
– Its economy is dominated by Taxes are levied on three levels (federal / cantonal /
municipal level) and the delimitation of taxation
tourism and the export of bauxite powers is governed by the Federal Constitution.
The following table shows the direct taxes levied at
– both unusually sensitive each level. In addition, the parishes of the
toglobal economic trends; and three national churches (Roman Catholic,
Protestant or Christ Catholic) levy a church tax on
their members in almost all cantons and usually
also on the legal entities liable for tax in the canton.
3. A few points deserve special emphasis:
• Within this context, Jamaica’s performance
in revenue mobilization is impressive. For
more than a decade revenue collections
have significantly exceeded 20% of GDP.
This is a strong performance for any country
– especially one in the Lower Middle Income
(LMI) Group.
• Second, not only is the quantitative
performance of Jamaica’s revenue system
in good order, but the broad elements of the
design of the system conform to normative
standards. As discussed below, Jamaica’s
revenue system is dominated by the suite of
major economically buoyant taxes that
characterize the design of the revenue
systems of all fiscally successful countries.
• Third, within this positive context, Jamaica's
tax system has mobilized revenue at a high
cost: high rates for all of the major taxes,
administrative procedures and business
processes that compound the costs of
doing business, and lower than optimal
levels of compliance.
4. A. TAXES PAYABLE
Federal and cantonal taxes and levies • National taxes and levies
• Taxes are governed in Switzerlandby federal law Jamaican resident companies are liable to income
and 26 different cantonal tax laws. The tax on all sources of non-exempt income wherever
• cantonal tax laws were harmonised with effect from arising. A company is regarded as resident in
1993. Tax declaration procedures and Jamaica if its central management and control is
• the determination of the taxable income in the located and exercised in Jamaica.
various cantons are similar and in line with A non-resident company is taxed on income of a
• branch carrying on a trade or business in Jamaica,
the federal law. However, the cantons do set their i.e. the income arises in Jamaica. The rate of tax on
own tax rates. The presence of different companies is 33.3%. The tax year or ‘year of
• tax legislation means that the fiscal burden on a assessment’ is a period of 12 months commencing
Swiss company depends not only on on 1 January in each year. Companies are
• the size of its income and assets but, to a assessed tax on their income which arises in the
considerable degree, also on the location of its basis period and this normally coincides with the
• registered office, its business objects and the year of assessment. Where the company usually
nature of its operations. Taxation may vary makes up its accounts for a period other than the
• calendar year, the Commissioner of Income Tax will
significantly from one canton to another. In general, allow this period to be substituted for the calendar
the cantonal laws are flexible and year. The company is expected to submit its Return
• include tax privileges for special purpose by 15 March following the year of assessment and
companies e.g. holding companies. pay any balance of tax due. The company is
required by law to make payment of tax based on
the results of the preceding year (estimated tax).
Payment of estimated tax is due in four equal
instalments on 15 March, 15 June, 15 September
and 15 December. Any balance of tax is payable by
the following 15 March when the Return is due for
filing.