Tax Essays

Introduction             The old American doctrine “public good, public interest and public representation” is a far cry to the federal American tax system. Over the years, America have been significantly distinguished with varying tax laws and revenue policy trends as a result of change in governmental leadership, as Republicans and …

The article “The Determinants of the Deferred Tax Allowance Account Under SFAS No. 109” provides critical and thorough examination and evaluation of associations existing between SFAS No. 109 and deferred tax asset valuation allowance. Actually, empirical evidence presented in the article aims at demonstrating how modern firms may apply SFAS …

Who has not eaten junk food at least once? I did it, and to me, as to many Americans, the junk food is the most delicious type of food. However, I know it is the unhealthiest food and the main cause of obesity in the United States. On the other …

President Benigno Aquino 3rd on Thursday signed the sin tax bill into law. The new law is expected to raise an additional P33.96 billion during the first year of implementation. In his speech, the President said that the new law was an early Christmas gift for the Filipinos as its …

Ancient Egypt covers thousands of years of history and many changes in leadership, culture, and society. As early as 5000 B.C., ancient man lived first by hunting and gathering wild foods. They resided in the Nile Valley were they learned to grow grain crops and to raise livestock. The rain …

The documentary film titled “Taxi to the Dark Side” underscores the U.S. government’s employment of psychological torture or “soft” torture in Guantanomo, Bay, Cuba as a tool to fight the War on Terror. As vicious as physical torture, soft torture was first practiced by the former Soviet Union and was …

Taxi Driver is a 1976 film written by Paul Schrader and directed by Martin Scorsese.  In the film, Manhattan taxi driver, Travis Bickle is a lonely ex-Vietnam Marine by the age of 26.  The film centers on his chronic depression and insomnia as it gradually causes him to distance himself …

Are taxes used for political leverage by one party over another?             Taxes are defined as the “sums imposed by a government authority upon persons or property to pay for government services” (Michigan Government, 2007). These taxes are appropriated for various government purposes most of which are for projects that …

The promoters in this case, Sylvia Fairplay and Joseph Dealer, do not have to file documents with the Securities and Exchange Commission (SEC) by virtue of the exemption available to them under Regulation D of SEC. Thus, it would prepare a Private Placement Memorandum (PPM), containing all the relevant information …

The term “the non-qualified deferred compensation” (NQDC) refers to those methods of compensation under which the participant receives payment for services long after they are rendered. This study centres attention on the use, terms, and effects of NQDC plans as they influence executives. First, taxation is particularly important to executives …