VAT versus Income Tax. Explain the importance of income tax over VAT in emerging economies.
Question:
VAT versus Income Tax. Explain the importance of income tax over VAT in emerging economies.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Multinational Business Finance
ISBN: 9781292097879
14th Global Edition
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
Question Posted:
Students also viewed these Business questions
-
VAT versus Income Tax. Explain the importance of income tax over VAT in emerging economies.
-
2022 Full Year Results Strong sales growth and continued progress against strategy Underlying performance GAAP measures (unaudited) 2022 vs 2021 2022 vs 2021 Full Year Underlying sales growth (USG)...
-
QUESTION TWO [25] Case Study: South Africa's big companies have spread their wings abroad At the Manda Hill and Arcades shopping centres in Lusaka, it is easy to forget that you are in Zambia's...
-
An increase in the supply of U.S. dollars by the Federal Reserve will raise the value of the dollar because it will stimulate U.S. economic growth raise the value of the dollar because it will lead...
-
At the inlet of a steam turbine the flow state is as follows: p1 = 1 MPa, V1 = 30 m/s, m1 = 9 kg/s and A1 = 0.1 m2. Determine (a) The rate of energy transfer due to flow work. (b) The rate of...
-
Greer Incorporated discovered the following errors on the books at the beginning of 2021: a. Maintenance expense on account was overstated by $20,000 in 2019 and understated by $30,000 in 2020. The...
-
Does the production-operations process work smoothly and with little disruption?
-
During the summer of 2014, Coldstream Country Club in Cincinnati, Ohio collected data on 443 rounds of golf played from its white tees. The data for each golfer's score on the twelfth hole are...
-
A real estate professional acquires a hotel property. She/he hires an accountant to prepare a cost segregation study to determine the tax classification of the assets in the hotel. Describe what the...
-
Value-Added Tax. Answer the following questions: a. Compare sales tax to value-added tax. b. Sales taxes and VAT are a major source of fiscal revenue, reaping more proceeds in developed nations in...
-
Direct versus Indirect Taxes. Do direct or indirect taxes place more burdens on the poor?
-
Audrina's Fleet Feet, Inc., produces dance shoes for stores all over the world. While the pairs of shoes are boxed individually, they are crated and shipped in batches. The shipping department...
-
Briefly, discuss the use of survey research in exploratory, descriptive, explanatory, and evaluation studies. Using a criminal justice example select one type of research study and develop one...
-
Medical Helicopters In a study of helicopter usage and patient survival, results were obtained from 47,637 patients transported by helicopter and 111,874 patients transported by ground (based on data...
-
Woodland Hills Company reported income before taxes (pretax financial income) in its income statement of $60,000. Among the items included in the computation of pretax financial income were the...
-
cest Shouldice Hospital in Canada is widely known for one thing-hernia repair! In fact, that is the only operation it performs, and it performs a great many of them. Over the past two decades this...
-
The activation energy for the gas phase decomposition of isobutyl bromide is 211 kJ. (CH3)2CHCH2 Br (CH3)2C=CH2+ HBr The rate constant at 676 K is 5.73 x 10-4 s. The rate constant will be 0.00647 s...
-
Jackie Jefferson, a new employee at Foster, Inc., is learning about the various types of performance reports. Describe the typical contents of a performance report for each type of responsibility...
-
A superior criticized a sales manager for selling high-revenue, low-profit items instead of lower-revenue but higher-profit items. The sales manager responded, My income is based on commissions that...
-
An 8%, 30-year semi-annual corporate bond was recently being priced to yield 10%. The Macaulay duration for this bond is 10.2 years. What is the bonds modified duration? How much will the price of...
-
Question 7 of 7 0/14 W PIERDERY Current Attempt in Progress Your answer is incorrect Buffalo Corporation adopted the dollar value LIFO retail inventory method on January 1, 2019. At that time the...
-
Cost of debt with fees . Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.9% with semiannual payments, and will use an investment...
Study smarter with the SolutionInn App