Essays on Tax Bill

Introduction

Offshoring is a common trend to a majority of international companies that have their root of operation outside the U.S market. Apple Inc. is one such company that has been caught up in a flurry of controversy regarding its stake in remitting taxes to the U.S government. Besides, the offshore account maintained by Apple Company has led to serious criticisms and flurry of accusations. This essay focuses on the main reason why companies like Apple would wish to maintain offshore operations rather than refocus their operations in its domestic country.

Reasons for Offshoring

The main motto that is behind Apple’s decision ...

Abstract

The Tax Reform of 1986 was passed by the U.S. Congress on October 1986. The Act was meant to broaden the tax base, eliminate existing tax shelters and simplify the existing income tax code. It is widely referred to as the second of the “Reagan tax cuts” (United States, 2011). The bill in the congress was supported by Democrats, in the House of Representatives by Richard Gephardt and in the Senate by Bill Bradley. The Act resulted in the reducing of the individual tax rates of the Americans thereby increasing neutrality in the tax system. The Act also ...

- Background Before the introduction of Act 1, the school boards approved preliminary budgets twice in a year. After the passage of the Act, Pennsylvania school districts must approve their budgets once every year. Gibbs (2007) says that Governor ED Rendell signs the special Act I in June 2006. This Act has the specification to assist the school district in Pennsylvania in reducing their taxes by shifting the burden to the gaming revenue. This legislation empowers the electorate in participating in the formation of the public schools budget. The Act of 2006 regulates the alteration of the property ...

Individual Income Tax (North Carolina)

Individual Income Tax (North Carolina) Personal income tax or individual income tax refers to the levied tax on personal income. Here, individual refers to a person, non-juristic body of person, an ordinary person or an individual estate. For an individual to be liable for personal income tax, one has to compute file tax returns, compute tax liability as well as pay the indicated tax as according to the calendar of the year. The individual tax income differs in different states with each state having its own rights of running the tax provided by its residents. This research would look ...

Civic engagement in the public information tax bill 1041 in Colorado

Abstract This paper considers civic engagement issues in the public information tax bill 1041 proposed by senator Kefalas and his colleagues in Colorado. Civic engagement ensures public engagement through open ongoing dialogues which ensures transparency and mutual trustworthy relationships. It requires community engagement in discussions of relevant issues and policy proposals so as to ensure the public opinions, ideas and decisions need be factored into account before taking actions. Civic engagement in the formulation of tax bills ensures a strong sense of responsibility which avoids opposition from the public and empowers citizens and state as agents of positive change. If ...