Taxes
 Inicio > Internacionales | Publicado el Domingo, 17 de Septiembre del 2017
Taxes

Taxes

The trinidad Guardian / As the saying goes, in life there are two certainties: death and taxes. Taxes are involuntary fees levied on individuals or corporations by a government (whether local or at the national level) entity in order to finance its activities.

In economics, taxes fall on who ever pays the burden of the tax whether it is the entity being taxed, like a business, or the end consumers of a businesses's goods.

The payment of taxes is mandated by law and in countries and jurisdictions around the world, a special agency is usually tasked with the collection of tax revenue.

Broadly speaking, there are some general categories of taxes that are common in most territories around the world.

These would include: Income Tax, Corporation Tax, Property Tax, Sales Tax and Tariffs. Income tax, as the name states is a levy on an individuals declared income.

Corporation tax is a tax on the profits made by a company through their business activity, Property tax is levied on owned property assets, sales taxes are paid by consumers who purchase taxable items and tariffs are taxes paid on particular categories of imported or exported goods.

Tax rates can either be flat, progressive, or regressive. A Flat tax occurs when all individuals and companies pay the same rate of tax.

A Progressive tax system occurs when individuals and corporations that earn income in excess of certain predetermined thresholds, pay higher rates as their income rises.

A regressive tax on the other hand is one where the tax rate decreases as the amount subject to taxation increases.

Ultimately, the purpose of taxation is to allow governments to fund activities that are in the best interest of their jurisdiction and develop the overall economic and social wellbeing of their country.

The provision of public goods such as roads and other infrastructure, schools, healthcare, national defense, law enforcement, and a court system increases the economic welfare of society if the benefit outweighs the costs involved.

In T&T, taxes are collected by the Board of Inland Revenue (BIR) on behalf of the government.

The largest contributor of tax revenue to the state has long been the energy sector which, according to data from the Central Bank fell from roughly $25.6 billion in 2014 to $4.6 billion in 2016 (strictly central government energy sector tax revenue).

The sharp decline in energy sector tax revenue is commensurate with the collapse of energy commodity related prices in that period.

Taxes

Con Información de The trinidad Guardian

http://entornointeligente.com/articulo/122517/Taxes

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com


Instagram Mi Refugio online Twitter Mi Refugio Online Facebook Mi Refugio Online Pagina Web Mi Refugio Online Pagina Web Mi Refugio Online Detener Mi Refugio Online

Si tu nombre está comprometido podemos hacerte la reputación On Line.
http://www.smart-reputation.com





Destacadas

Victor Gill <span style='display:none'>633	Alberto Ardila Olivares//</span>
 Renegociación de la deuda externa venezolana se dará en escenario de diálogo
Francisco Velasquez <span style='display:none'>293	Alberto Ignacio Ardila//</span>
 Ejercicios cardiovasculares mejoran la memoria
Francisco Velasquez <span style='display:none'>674 Francisco Velasquez PDVSA//</span>
 ¿Cómo añadir enlaces en las historias de Instagram?
Tomas Elias Gonzalez Benitez <span style='display:none'>332 Francisco Velasquez PDVSA//</span>
 Graban impactante caída de meteorito a la Tierra
Francisco Javier Velasquez Pdvsa impulsa plan extraordinario de aumento de la productividad para 2018
Gonzalo Morales Piñera y Guillier definirán presidencia de Chile en segunda vuelta
Victor Gill Ramirez Venezolanos encabezan lista de solicitudes de asilo político en España
Tomas Elias Gonzalez La Vinotinto Sub 17 cayó 2-0 ante Bolivia en los Bolivarianos
Gonzalo Morales Escándalo en Italia: Denuncian al dueño chino del Milan de ser un impostor y de inventar su fortuna
Francisco Velasquez Mugabe es destituido como líder del partido gobernante en Zimbabwe
Tomas Gonzalez Ben Affleck vuelve como Batman en "Liga de la Justicia": "El heroísmo no tiene que ver con habilidades, es sobre carácter"
Francisco Velasquez México: el 90% de asesinatos y ataques a periodistas quedan impunes

Este lunes la Corte Suprema iraquí declaró inconstitucional el referendo de independencia organizado en septiembre por el gobierno de la región autónoma de Kurdistán. El tribunal supremo "adoptó un fallo...


Los chilenos salieron este domingo a votar no solo por los 8 candidatos a la presidencia de ese país, también votaron para la renovación de la Cámara de Diputados y...


Avisa que www.forex.cat y www.forestrading.cat "no están autorizadas para prestar servicios de inversión". La Comisión Nacional del Mercado de Valores (CNMV) ha avisado hoy que www.forex.cat y www.forestrading.cat "no...


19 de noviembre de 2017.Al sector 19 de Marzo en la parroquia Caricuao, en Caracas, llegó el Plan de Abordaje Integral, con actividades recreativas, lúdicas, deportivas, culturales y servicios jurídicos,...

ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS DUENOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA ESTA ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM