Essays on Tax Collection

Corruption as a Political Risk in Business

The global economy has shown good signs of recovery from the previous recessions that have been witnessed by leading global economies of America, Russia, China and Japan. Despite this strong and healthy economy, there are emerging issues of vulnerability of the economy risks associated with foreign exchange transfer, political interference, legal and regulatory risks, supply chain disruption, political violence, sovereign non-payment, financial sector susceptibility, and the inability of local governments to provide stimulus. While the economic sector for both product and services continues to enjoy steady growth fueled by high levels of employment and consumption, the industries have been ...

Introduction

Trade unions are organizations that represent the working people. The membership of these organizations comprise of employees from different sectors of trade, professions and occupations. The union’s main objective is to represent its members in the working environment and in the general society. The working of the trade union is through collective bargaining as well as through a harmonized rule-making process. The South Africa trade union is the largest in Africa and plays a big role in the labor market and industrial relations in determining policies in the country. There are three prominent trade unions in South Africa whose connections ...

Abstract

The war on drugs in the world is one of the expensive battle that incorporate legal, social, and financial reasons. It is worth noting that marijuana is one of the debatable issues in the world. The legalization of marijuana is one of the controversial issues based on the variation of opinions from one state to another. Marijuana is one of the top selling agricultural products in most states. Regardless of legalization or illegalization of marijuana, the product is still sold to the high number of customers. Marijuana should be taxed like any other product in the market so as ...

Abstract

The war on drugs in the world is one of the expensive battle that incorporate legal, social, and financial reasons. It is worth noting that marijuana is one of the debatable issues in the world. The legalization of marijuana is one of the controversial issues based on the variation of opinions from one state to another. Marijuana is one of the top selling agricultural products in most states. Regardless of legalization or illegalization of marijuana, the product is still sold to the high number of customers. Marijuana should be taxed like any other product in the market so as ...

What separates the developed world from the transitional nations?

There are many factors that separate the developed world from the transitional nations. According to United nation Statistic Division, there are no fixed criteria to distinguish between developed and transitional world. However, socio-economic indicators, political maturity, condition of health and education sectors and general awareness of the masses are the factors most commonly used to make the distinction between developed and developing countries. The biggest difference between the developed and the developing world lies in the socio-economic sphere. Developed countries are much more stable economically, they have high labor wages and they have lower unemployment rate. In contrast, ...

THE STORY OF DETROIT: THE LARGEST BANKRUPTED CITY IN THE U.S.

STORY OF THE BANKRUPTCY OF DETROIT Detroit has been a city where the American Car Industry has settled for a long time. Detroit could be able to manage to create a high tech industry and develop new technologies. A successful investment city has fallen down because of some political, economical and social reasons. Political reasons are due to the mismanagement of the city finance and investments. The global financial crisis has influenced the Detroit Economy negatively and the production and the income in the city have decreased and this bad ...

Introduction

The American economy has been facing serious challenges most notably the recession and the property crash witnessed in 2008. As Salaam (2012) asserts, the American economy was already on the decline way before the 2008 crash. He suggests that the recession began way back in 2000 and most notably in 2007, but the country was spared the pains by the unsustainable boom in property sector. When the slump hit in 2008, the country was least prepared for it. This slump has persisted to this day. VCU (2014) concedes to this fact saying that the recession has resulted to a ...

In 1820s the Ottoman Empire experienced significant financial difficulties, which resulted into a considerable increase in the interest rates. Therefore, the state took various strategies to deal with the problem, including through tax-farmers in tax collection. It is during this time that the Galata bankers rose to prominence (Pamuk, 226). Galata bankers were the moneyexchangers (sarrafs), who gained popularity during the 18th century, and grew to large financials. They took advantage of the financial difficulties of the state, especially in addressing the short-term and long-term financial needs. The Galata bankers are known to be providing financial help to the state ...

King Herod lived at a time when the Jews were under the rule of the Romans. This meant that his kingdom had strong influences form their Roman rulers. Herod embraced the Romanicization of his cities into commercial hubs. This flew in the face of Jewish expectations of a city built to the utopist standards of fairness recommended in Jewish teachings. Herod acquired his expansive kingdom through violence in a series of takeovers that were endorsed by Rome. He started by freeing his family and dethroning their arch rivals the powerful Hasmonean. Thereafter, he ran a successful offensive against all cities that were in opposition ...

The US is one of the countries in the world that is acclaimed to have the best Medicare. Most of the medical instigations advanced by most critics point out that the US spends the most among the OED (organization of industrialized) countries. For instance, the US spent 15% of its GDP on medical delivery on its citizens as compared to other OED countries. While some people hold that the US is hold that the country has one of the best mechanisms of providing, medical care to the people, others hold berate the system by accusing it of having malfunctioned ...

A tax is a compulsory contribution from an individual to the government. This payment to the government does not usually result to supply of goods and services to an individual. However, tax is important to any country in that it enables the government run its daily activities and in addition, the government is able to provide goods and services that the private sectors are not willing to supply due to the fact that these goods and services are unprofitable or it is not possible to exclude people from consuming the goods (Forbes, 47). The type of tax levied by government ...

Taxes

Taxation is the involuntary compulsory contribution made by individuals and organizations to the government in order to finance its activities (Bewley 2000). Taxation is also used to finance the functions of the government. Ideally, it is the major source of finance for the government. Some of the functions of the government include the provision of security, payment of debts owed by the state, expenditure on war and maintenance of law and order in the country. Studies have shown that a country’s economy will be balanced if the government expenditure is equal to the level of taxes in the country ( ...

The United States is a federal country that has a large economy as a result of the fast-economic resources found in it’s over fifty states. In order to achieve continued economic stability, the United States has put in place well structured systems and programs that guide its policy on revenue collection, government expenditure and other monetary policies. This has been done carefully to grant the semi-autonomy status of its sates a clean bill of health. It is a fact that the monetary policy enshrined in the United States constitution and the mandate given to various constitutional officers play a great role in influencing and ...

Budget Deficit and its Impact in the Economy

Introduction

Every government has a budget of its sources of income and expenses. Yearly, the budget is reviewed and a new one is rolled out. The government may either have a budgetary surplus or deficit. A budget deficit occurs where the expenditure of the government exceeds the revenue that it has collected in a certain period. There have been arguments by different scholars on the adverse and positive effects of budgetary deficits on the country’s economy. I will highlight the positive and negative effects of the budget deficit and the different causes of the deficits. The adverse effects outweigh the positive effects ...