What is Corporate Taxation Assignment Example | Topics and Well Written Essays - 2250 words

What is Corporate Taxation - Assignment Example To fund Napoleonic Wars, William Pitt The Younger incorporated the simple process of taxation in Britain in the budget of 1798. And hence the tradition carries on. History of Corporate Tax: In the Finance Act of 1965, the process of uniform taxation for individuals and corporates was abolished and separate Corporate Taxation was started. It is currently governed by the Income and Corporation Taxes Act 1988, which has also undergone amendment. Advance Corporation Tax (ACT) and its abolition: The advance Corporation Act introduced in 1976 came as a blow to corporates as dividends paid by the corporates were highly and disproportionately taxed. 0n 6 the April 1999, it was abolished by Mr. Gordon Brown, the then vice chancellor of the Exchequer, who is none other than the Prime Minister of Great Britain today. Reduction of Rates by Gordon Brown In 1999: In the budget of 1999 Gordon Brown introduced a more efficient and proportionate taxing system or rate according to the volume of profits, as in opposition to an age-old system of 1965. A budget of 2002: It scrapped the tax on companies earning profits up to 10000 pounds and that witnessed a huge growth in the number of self-employed and small-scale industries. It is still perceived to be a major step in the UK's Corporate Taxation history. (Darmon, 2008) Adoption of Ethical and more scientific Appraisal standards: IFRSs or International Financial Reporting Standards was adopted by European Union in 2005 and hence as well as the UK to promote transparency in taxation system and hence benefited the corporates in general. (Nardi, 2005)Â   Finance Act of 2004: The first of its kind, it promoted the use of legal anti Tax Avoidance Schemes among Corporates. (Public Sector Information, 2004) Finance Act of 2005: For the need of higher revenues, Oil, Gas & Life Insurance companies were targeted in this budget and laws were implemented forcing them to pay lump sum tax installments and that cost these companies heavily. (Public Sector Information, 2005)

Sylvester Stallone Essay Example | Topics and Well Written Essays - 750 words

Sylvester Stallone - Essay Example His mother, Jackie Stallone, was of two origins. She was half-Russian and half French. He has a younger brother, Frank Stallone and both were both named after their paternal grandfather. Since his baptism, he has been a Catholic. During his childhood, he suffered a lot from his parents’ hostility. His parents were so hostile that their relationship ended in a divorce in 1957. This led to Sylvester moving to Philadelphia with his mother and a foster father. Due to environmental and social changes, Sylvester suffered academic and emotional changes. He became very troubled in school and this led to his expulsion in most of the schools that he joined. His mother enrolled him to a special high school for the troubled and mischievous youth. While at Philadelphia, he spent most of his time at foster care but this changed after joining Devereaux High School where he joined the gym class and started lifting weights (Sanford, Carl and Howard 15). After his graduation, he won an athletic scholarship program at an American College located in Switzerland. He became a coach of a girls’ athletic club and after a short time gained interest in drama. He starred in of the school productions in the college. This motivated him to join the world of drama and he could not wait to go back to the United States of America where he joined the University of Miami and studied drama. It is in 1969 when he decided to pursue his dream in drama and acting. He went back to New York where he had to work in different low paying workplaces to make ends meet. He became an usher at a New York theatre and worked part time jobs at the Central Park Zoo. He made his first appearance in the film industry after acting a soft-core porn film by the name ‘A party at kitty studs’. He frequently auditioned and soon became famous in the industry due to his role as a tough person in most films paralyzed (Sanford, Carl and Howard 12). However, the industry became more competitive and h e became discouraged after being turned down for the film ‘The Godfather’ in 1971. This led to Sylvester turning his attention to writing screenplays and it bore fruit in 1973 after he starred in the movie Rebel. Sylvester’s first major role in the film industry was in 1976 after he wrote the movie’s script. A fight between Chuck Wepner and Muhammad Ali form, which he wrote the script, had motivated him (Dunn). He wanted to play the role himself and after a long struggle with producers Robert Chartoff and Irwin Winkler, he was assigned the role. The film became very successful and was nominated for best actor and best original screenplay at the Academy Awards. Stallone earned lots of profits from this film. In 1982, he had the role of writing and directing Rocky II that became a major success after grossing over $200 million. This became the turning point for his career in the film industry. All the films he directed from this point on gained lots of money irrespective of the presence of critics to his films (Celebrity Net Worth). These films include Rambo, The specialist, Cash, Tango, Cobra, Demolition Man among others (Stallone 15). The new millennium did not pose a good start to Sylvester’s career since the movies that he stared in or produced did not sell as expected. However, a re-production of Rambo in 2008 and later The Expendables made him rise in chats at the film

Environmental Regulation Essay Example | Topics and Well Written Essays - 750 words

Environmental Regulation - Essay Example Preference to other dealings in addition to customary enforcement responses stems from a conviction that community standards and values have undergone a basic change. People are indicative of steady support for environmental safety, and industry leaders more and more see environmental protection as an imperative value. Present industry managers grew up through years while their civilization maintained protection of the environment as an innately optimistic target. Therefore they bring a basically diverse approach to environmental regulations, and their responsibility to accomplish them. The standard basis usually offered for a broader compliance strategy to environmental regulation is therefore eventually based on the conviction that regulators and the public now share the same objectives and value systems. Non-compliance today may be considered as a communication gap or lack of knowledge and not an implicit challenge to the fundamental regulatory ideas. Environmental consciousness a mong citizens came down in the later 1990s. For example, in the United States, environmental regulation came down to a mid-level political concern and graded below other issues such as education, health care, crime etc. (Demmke, 2001) The Environmental Protection Agency was formed in 1970, to strengthen the federal government’s environmental responsibilities. This was a clear detection that the problems of air and water pollution, solid waste clearance, water supply, and pesticide and radiation control were interconnected and needed a combined approach. On January 1st 1970, The National Environmental Policy Act (NEPA) was signed into regulation. The act necessitate that an environmental impact statement be organized for all recommendation or report on legislation and for each major federal action considerably affecting the feature of the environment. The environmental impact report must: explain the environmental impact of the planned action, talk about

Factors influencing Language and Literacy - (4) Language Change Essay

Factors influencing Language and Literacy - (4) Language Change - Essay Example With the shift to understanding the importance of culture in teaching English as a second language, teachers are faced with new challenges when teaching adults. Language is complex, far more than just making language and grammar choices. For instance, try translating the phrase â€Å"Linguists have been interested in several aspects of language variations† into Spanish, and then translating the Spanish back to English: Los lingà ¼istas han estado interesados en varios aspectos de la variacià ³n de la lengua. The translation reads: â€Å"The linguists have been interested in various aspects of the variation of the tongue.† That might be quite true because the tongue has a great deal to do with forming words, but it isn’t the phrase that was originally translated. Translation is one of many specific factors that influence language change. What else must be taken into consideration in an analysis of change? An effort will be made to investigate factors such as cultural variation, social networking, ethnicity, communication in a family-unit and technological advances, as they relate to teaching and learning a different la nguage. Looking back at the history of the English language over the past hundred years, pronounciation, spelling and meaning have changed very little, but the number of words has greatly increased because of the industrial revolution and the advent of a technological society. Also, military history, with wars throughout the 1900s, made military language very much a part of the century (Wilton, 2005). In Great Britain, the variances of language, i.e. accent, dialect, variety and register, are especially evident in different sections of England. American English has its own regional dialects, as well as different spelling, pronounciation and meaning for many English words. In Australia, both accent and dialect, as well as several words unique to the continent, make the English language distinctive there. For people from Asian

Bernard Lawrence Bernie Madoff Assignment Example | Topics and Well Written Essays - 1250 words

Bernard Lawrence Bernie Madoff - Assignment Example Ultimately, Madoff’s sentence of 150 years in prison demonstrates the gravity of the crimes he committed. Madoff is primarily known for his use of the Ponzi scheme, a strategy that takes money from investors and pays them returns from their own money or from money paid by other investors. By avoiding any actual investment of funds, there is no real profit being made by the investments. Because earnings for the Ponzi scheme operator are usually less than the payments made to investors, the scheme is unlikely to be sustained for long periods of time. In Bernie Madoff’s case, by using consistent and somewhat believable returns to investors he was able to maintain his practice for decades. The first charge levied against Madoff was a criminal charge of securities fraud. This is defined by encouraging investors to make investment decisions with false information that results in losses to the investor. This is the case with Ponzi schemes such as the one operated by Madoff, because investment returns are financed by later investors and estimated return information given to potential investors is fraudulent. This behavior is unethical and illegal because the investor doesn’t gain real returns on their investments; and because it cheats subsequent investors out of the money they invest to pay falsified returns to earlier investors. This can cause bankruptcy and financial ruin to common stock holders. Investment adviser fraud is another crime Madoff pleaded guilty to. This type of fraud involves when investment advisers, such as those in Madoff’s firm, give false information to investors. This practice became illegal in 1940, when all investment advisers were required to register themselves with a federal Securities and Exchange Commission. This practice is unethical and illegal because, like securities fraud, it unfairly impacts investors and undermines the security of the stock market

The Ship Management Essay Example | Topics and Well Written Essays - 2500 words

The Ship Management - Essay Example Nowadays, Management of vessels is getting tougher even more because of the omnipresent media which plays the eye and mouth of the cynical public and due to increased regulations. And, these factors apart from making the management tougher have worked as catalyst to initiate social changes. That is, as mentioned above, the concept of social responsibility is not a compulsion on the part of the shipping industry and its managers. So the older companies, which operated ships during the absence of these media and regulations, had no such compulsions. These ship management companies and its business managers had no such obligations and allowed pollution to continue and did not care much for the society. Also, they just concentrated on running the ships without any attempt to diversify into CSR (Corporate Social Responsibility). The mindset of the business managers of that time was, they questioned the need for Social responsibility for shipping companies because ships mostly operate in i solation in far away waters of the world. That is, the view of the shipping managers is that, as the ship does not operate in the vicinity or living area of a large number of people, there is no need to cater to them. But as the media starting making its presence, the people in the vicinity of the shipping operations got to know more than they knew about shipping. That is, how the improperly maintained ships could cause anything from deaths to sea creatures to threats to human lives. Firstly, if the shipping companies does not periodically test the physical capabilities of the ship before it leaves into the sea, it can lead to catastrophe like drowning or sinking of the whole ship. Then, with the development of this world, the need for oil became a never-ending thing and ships only supplied this oil to all the countries in the world. But, due to events which could be triggered by nature or due to the faults of the shipping companies, the oil may get spilled, leading to the destructi on of the environment, particularly sea environment and its inhabitants. Other threat from ships could come in the form of harmful chemicals emitted during breaking of the ship. So all these threats of ships, initiated major changes in the functioning of the shipping management companies and its business managers. The business managers understanding the serious nature of the problem put their minds to come up with strategies that can overcome this negative fallout. And, the important tool they got is the concept of social responsibility. That is, to nullify this image and create a favorable image for the shipping management companies in the minds of the people, they started concentrating on social responsibility. So, these reasons only forced a change in the positive direction in the sector of social responsibility. And to show this social responsibility, the business managers integrated certain policies in the shipping management’s overall strategy. As mentioned before they can do this firstly by organizing separate events or actions like donations, giving aid to patients etc, etc- all these will fulfill its social responsibility. Or by integrating certain policies or rules like MARPOL into their setup, which apart from helping the organization in smooth and effective functioning, also helps to fulfill its social responsibility.     And the many shipping management companies and its business managers as part of their business policy of showing the social responsibility are conducting events. And in this section we can look how one of the major shipping Management Company and its business manager are carrying out certain activities to fulfill their social responsibility. And for example we take a look at the initiatives of Riverlake, a Swiss independent company created and registered in Geneva in 1985.

Engineering management Essay Example | Topics and Well Written Essays - 1750 words

Engineering management - Essay Example Dyson adds that failure is part of making progress because people do not learn from success. When he started from humble idea, it got more interesting and audacious because he had an opportunity to experiment what can work and what cannot work. This can also be taken to mean that he is a very patient mogul, a trait that is very essential in entrepreneurship and innovation. Dyson is also a risk taker, and that is the reason he is so successful in innovation. He explains that innovation is about people trying to improve the way things work, but warns that big corporations are under competition from small innovative enterprises because they are not ready to undertake immense risk. His excellence in innovative is also evident when he explains that there is a lot of competition in terms of ideas but the ones who enjoy the fruits of their innovation are the ones who come up with the best ideas. Question 2 His management style is democratic or laissez-faire. This approach means that he has given his employees a freedom to contribute their ideas and try to implement them if they are found to be useful. This style is very effective in allowing the subordinates to develop their talents and make best use of them. As such, his employees are given a lot of opportunity to work without close supervision, which is very important in such an industry, which depends a lot on innovation. He has made a lot of efforts not to act as an owner who is isolated from his work force. He says that he spent a lot of time interacting with innovative people rather than being in his glass office. He made sure that even the people who were not engineers were doing things that were creative, something that went a long way in fostering innovation in this organization. H also spend time motivating his workers, for example by encouraging and praising them so they can continue adopting the difficult route instead of just doing what is straight forward. For this management style to work in its optimum , he ensures that team members are fully inspired to work to the best interest of the company. Question 3 Organizational structure is the manner in which organizations are set up, in order to achieve their goals. There are three major types of organizational structures, including matrix, divisional and functional. Functional structure Functional structure is organized according to the purpose of each section of the organization. For example, the organization may have different departments such as sales department, marketing department, and production department. This structure mostly suits small businesses in which case each department can rely on the skills and experience of its staff. However, the fact that different departments works as distinct bodies creates a communication barrier along their boundaries. Divisional Structure Divisional structure is common in companies that operate over a wide geographical area or that the companies that have smaller entities operating under th e umbrella group, typically dealing with different market areas or types of products. For example, an engineering company can be organized divisionally, with divisions such as compressor division, engine division, parts division, as well as different divisions to serve different geographical regions. Although communication under this structure is difficult because employees are working in separate divisions, it is generally effective because it allows specific and rapid meeting of needs. Maintenance of different divisio