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HI6028 Taxation Theory Practice And Law 13

Download : 0 | Pages : 7
  • Course Code: HI6028
  • University: Holmes Institute
  • Country: Australia

Answers: 1. With reference to the principles of taxation, it is seen that it plays an important role in accomplishing the income equality within the society. Some of the important functions are given below- Taxation redistribution function In order to allocate proper understanding of the Australian taxation system, there are many deductions, fringe benefit tax, goods and service tax. The allocation function reveals comes up to make governme...

Read More arrow Tags: Australia Haberfield 33 Taxation theory practice and law Holmes Institute 

HI6028 Taxation Theory Practice And Law 12

Download : 0 | Pages : 9
  • Course Code: HI6028
  • University: Holmes Institute
  • Country: Australia

Answers: 1:  Issues: The central matter of discussion that is addressed in this case is concerning the tax deduction of prepaid rent that is paid by the taxpayer for 10 years of casino rental. Rule: An outgoing is not permitted for deduction till the extent that the outgoing has occurred for expenses that are capital and not allowable as tax deduction inside the “sec 8-1 ITAA 1997”. There must be a difference between the r...

Read More arrow Tags: Australia Wollongong 33 Taxation theory  practice & law Holmes Institute 

HI6028 Taxation Theory Practice And Law 10

Download : 0 | Pages : 8
  • Course Code: HI6028
  • University: Holmes Institute
  • Country: Australia

Answer: 1: The basic functions of taxations are as follows; Funding government expenditure: The most important vital function of tax is to fund the expenditure of government. It provides varying amount of justifications and explanation for taxes that has been offered all through the history. Previously, taxes were used in supporting the “ruling classes”, increase armies and create defences (Saez and Stantcheva 2018). Later exp...

Read More arrow Tags: Australia Sydney 33 Taxation theory practice and law Holmes Institute 
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