• July 18, 2018, 11:36 AM
• Welcome, Guest. Please login or register.
Did you miss your activation email?
Perusing The Shelves

Author Topic: taxation  (Read 2259 times)

MUKESH GUPTA

  • Guest
taxation
« on: May 22, 2009, 05:08 AM »
state the meaning of tax evasion and tax avoidance and mention the difference with illustrations
 

Advertisement


Louffie09

  • Guest
Re: taxation
« Reply #1 on: June 10, 2009, 09:46 PM »
You are not allowed to view links. Register or Login
state the meaning of tax evasion and tax avoidance and mention the difference with illustrations
According to what I have read, value added taxation avoids the cascade effect of sales tax by only taxing the value added at each stage of production. Value added taxation has been gaining favor over traditional sales taxes worldwide. In principle, value added taxes apply to all commercial activities involving the production and distribution of goods and the provision of services. VAT is assessed and collected on the value added to goods in each business transaction. Under this concept the government is paid tax on the gross margin of each transaction.



________________
You are not allowed to view links. Register or Login
 

Tags: