The Internet Benefits The Human Race - 993 Words

The internet is the one of the greatest things ever invented. The internet has unlimited amounts of information, no matter what topic, there is an answer for it. The internet benefits the human race because there is no limit to how much we can learn. It can also be used to help in our daily schedule. For instance, if someone is fixing their car and they don t know how to fix it, they can go on the internet and find out how to fix it. The internet has changed the way we view the world. It has changed it by expanding the world, and exploiting how big and exciting things are in it. The Internet changed how we see different cultures. The way cultures act and communicates shows us how beautiful and complex they are. People think that just because we are in a war or dispute with another country that everybody in that country is bad, or a threat. Through the internet you can see where people live, and how they’re trying to survive every day. Sure there might be bad people in that cou ntry, but which country doesn’t have bad people in it. As you read more about a country, it might change the way you feel about them. If the internet can change the way you feel about a country, it can easily change how you feel about the world. The Internet has also changed the way you see nature and land. Vicious animals can be made to look like beautiful creatures through the internet. The landscape of the world can make it look so peaceful and mellow, like nothing matters and nothing’s going onShow MoreRelatedCyber World: Charms and Challenges1500 Words   |  6 PagesKumar Adarsh Charms and challenges of Cyberworld Introduction The cyber world is the hot topic of discussion. With the advancement of the science and technology, human race are trying to excel their proficiency to compete the creations of the nature. Cyber world is definitely the first step towards the same path. 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Corporate Internal Policy Interference A Paramount...

Section III – Corporate Internal Policy Interference A paramount determinant of the MNCs direct influence over government policy is the subsystem of government policy development that includes the intense cooperation and competition between external and internal interest groups. This policy subsystem includes powerful structural industry groups that utilize economic power to create alliances in government and directly influence policy development (Eisner, p. 137, 2007). This subsystem is stable in compared to the fluctuating political sphere that includes election turnovers and intergovernmental competition. Moreover this subsystem works to safeguard the interests of the powerful groups who determine policy direction and ensure that their†¦show more content†¦Roberts, 2011). Powerful corporations are able to exert direct power over government policy making process to make public policy decisions more favorable to the industry represented, giving significantly greater power to large corporate lobby groups over environmental and public interest groups who lack the financial resources and political support necessary to direct government policy decisions (J. Roberts, 2011). Environmental regulation entails the change in behavior of relevant actors through the exercise of political power. This process encompasses a balance of power between the regulatory power and the external industry and corporate firms who are being regulated (J. Roberts, p.54, 2011). Government attempts at environmental regulation often directly conflict with corporate interests that are prioritized by conflicted governments despite their activities and practices directly contributing to the problems the environmental regulators are directed to combat (J. Roberts, p.54, 2011). Furthermore, analysis of multinational foreign direct investment (FDI) trends indicates that governments prioritizing policies favorable to the private corporate sector are more likely to receive greater foreign investment and capital from potential investors (N. Jensen, 2006). Subsequently, it is in the interest of political leaders

Corporate Tax Rate in the Australia †Free Samples for Students

Question: What Is the Corporate Tax Rate in the Australia? Answer: Introduction The taxation policy is one of the most important policies of the government as it helps the government in collecting tax from its taxpayers for the government fund. The taxation system is one of the most important systems of the country, that support the government in backing the government's fund, as the taxation is the key source of income for the government. Government revenue income largely depends on the tax collection by the government (Lakshmanan, 2015). To increase the government fund as well as at the same time to support the taxpayers' individuals and other entities like profit and non-profit organization government as per the situation uses to bring several changes in the taxation policies that support the growth and development of the organization. Australia is one of the most developed countries, and an important economy in the world provides great emphasis on their taxation policy that supports the government as well as the people of the Australia to carry out the growt h and development rate throughout the years. In 2016-2017 Budget of the Federal Government of Australia has brought a significant amendment in their taxation policy and taxation rate (Krivogorsky, 2012). In these amendments, the government declares that beginning from the 1st July 2016, the corporate tax rate for the entire business organizations is to be decreased to 25%. Moreover, this will be attained by eventually rising the total turnover threshold so that the for the small firms 27.5% tax rate applies. Then the 27.5% tax rate will be applied to the entire business organization. The overall corporate tax rate will eventually decrease to 25%. Now the question arising whether the taxation policy reformation is for good for the companies and the Australian government. The essay will discuss this and try to find out effective understanding about this specific subject. Main body As per the case study is undertaken for the evaluation of the research, the Federal Government Budget of the year 2016-27 is being undertaken which is depicted to be announcing that Over a 10 year period, starting from 1 July 2016, the company tax rate for all companies is to be reduced to 25 percent. This will be achieved by progressively lifting the aggregated turnover threshold at which the small company tax rate of 27.5 per cent applies... The 27.5 per cent rate will then apply to all companies at which point in time, in 2024-25, the overall company tax rate will progressively reduce to 25 per cent. By the above quotation, the explanation of the advantages and the disadvantages of the work are being provided which is clearly explained in the following parts as per the Income tax assessments (Britton, Waterston, 2013). Advantages The advantages with the help of this quotation can be explained in the following points which are as follows:- The limited liabilities of the shareholders are easily depicted. It enables the organization to easily transfer the ownership to the other party by the help of selling the shares to the other party. Shareholders can be easily employed by the company with the help of the reformation which is being undertaken. The rates of the taxation are easily continued by showing the favorable enhancement of the rates. The trading in Australia is easily conducted in any place with the help of the Reformation as undertaken in this case (Cerioni, 2007). The wider access to the capital is being made by showing the appropriate enhancement of the skills and also the widening of the capital base is being depicted. Apart from the advantages that are provided in the above case, it simply shows the appropriate formation of the superannuation reforms which enables the concessions in the taxation and also it he3lps in stabilizing the superannuation contribution in the form of showing the appropriate contributions to the organization. The introduction of the government is being enabled by showing the enhancement of the concessions which is being shown to be near about 30 %. This can be only implemented over the earnings of equal to or more than the $250,000 and also the implementation will be made from the 1st July 2017 (Engdahl, 2011). This decision of the Federal government is being shown to be fruitful which can be easily illustrated by showing the appropriate lowering of the taxes and also it enables the trades to be appropriately conducted over the country of Australia. The move was undertaken by the government also enhances the high-income earners to pay additional contributions in the form of the taxes which in return motivates the employees to earn more for the well-being of the country and also for them. The structure simply explains the appropriate structure of the effective tax concessions and also the sustainability and the fairness can be easily judged by showing the appropriate structure of the work. This shows the appropriate enhancement of the superannuation system which is being used by showing the limitations of the effective tax concession and also the enhancement of the capping concessions can be easily shown by showing the accumulation of the significant amounts of the tax in more advantageous forms (Harper, Walton, 2015). The superannuation reform package also easily shows the ease introduction of the non-concessional contributions for the purpose of sustaining the superannuation reforms and also the enhancement of the contribution of the system can be easily made by showing the maximum effective characteristics in the lifetime cap (Woellner, 2013). The account of all the non-concessional contributions can be effectively created by showing the advantages in the form and also these contributions are depicted to be implemented on and after 1st July 2017. These reliable contributions must be achieved by the Australian Taxation laws and also the enhancement of the reforms will enable in structuring the appropriate estimation of the revenue which is being gained by showing the advantages of the forms (Horngren, 2013). Therefore the structure of the research can be easily constructed by showing the enhancement of the research and also the appropriate enhancement of the study can be easily gained by replacin g the estimation of the period. The structure of the work can be easily identified by showing the construction of the work process and also it enables in ensuring the individuals are making the broad commensurate and also the equitable treatment. Henceforth the appropriate construction of the work can be made by connecting the contributions which are available to be removed. Thus the advantages can be readily identified in the form of the reforms which are identified to be implemented for the betterment of the income tax in the country of Australia (Jones, 2013). Disadvantages The reformation of the taxation policy by the Australian Government in their 2016-2017 budget have several advantages. At the same time, it has many drawbacks also such it reduces the income of the business organization which is about to open a new business as the establishment cost of the business has been increased by the Reformation (Oppermann, 2009). Besides this, it enhances the maintaining cost as well as winding up the cost for the business that is enough to discourage the companies to open a new business. Apart from this, as per the amendment in the budget, the reporting needs are becoming much more complex than before that push back the companies from their advancement and carrying out the development plan. The financial affair of the firms become public, hence the companies hesitant to take any initiative in this matter. According to the new rule in the case of the directors become unsuccessful in a meeting or attaining their legal responsibilities in that case the director s may be alleged personally as they are responsible for the debts of the business organization. Apart from this, as per the new budgetary rules the profits or income, which is distributed to the shareholder of the company are taxable means it reduces the income of the company (Parker, 2007). Therefore, in these ways, the tax reformation push back the companies' developments as well as it discourages the new entrepreneurs to start any new business ventures in Australia. The plan of the government to reduce the company tax rate eventually targeted the aim of the government to reach corporate tax rate in 25%. However, it is assumed that the aim of the government to reach 25% corporate tax rate cannot be attained until 1st July 2026. Moreover, it is true that the taxation amendments have not any implication to the large business organization until 2023-2024 at that time the tax rate will be decreased from 30% to 27.5%. The taxation rate then reduces to 27% in 2025 to 2025 financial year as well as then reducing eventually by 1% per year until it touches 25% in the income year of 2026-2027 (Powers, Needles, 2012). The measure will change significantly as well as defers application of the proposed changes to the consolidation tax cost setting rule regarding the liabilities charged by an entity that connections a combined, where these liabilities will provide an increase to the deduction for the main corporate shortly. The government before declares the proposed changes to remove the double advantages in certain condition by introducing account assessable income for the main corporate regarding joining the company (Schroeder, Clark, Cathey, 2011). The disadvantages can be easily seen in the form of the reforms regarding the economic activities are depicted to be affecting the GDP of the country. It is depicted to be decreasing the GDP with showing the construction of the work and also is depicted to be conclusive in nature. Therefore the advantages can be easily conducted by showing the enhancement of the work and also the increment in the materialistic positions and also a deficit in the budget can be easily identified. The shortcoming of the corporate tax rates can be easily changed by showing the appropriate income of the tax and also it shows the corporate tax rates misinterpreted (Horngren, 2014). This also enables the over the formation of the time frame which is requisite for showing the changes in the flows and also the consideration can be easily depicted to be showing the appropriate negative impact on the work. The structure can be easily represented in the form of showing the inappropriate changes that had been mad e in this case as it is represented by showing the changes in the structure of the policies. Conclusion The developed country Australia has brought important amendments in their 2016-2017 Budget of Federal Government. The government announces that the government trying to reduce the tax rate for the entire companies over the ten years' period and the government aim to reduce the tax rate by 25% (Nader, 2011). The new taxation policy has some benefits for the companies as well as some disadvantages also. The advantages help in boosting the companies' development as well as boosting the Australian economy. It supports reducing the liability of the shareholders. It makes easier to transfer the ownership by trading the share to the another party, the taxation rate is more favorable to the company hence the companies have greater prospects for development. On the other hand, it enhances the establishment expenses of the companies as well as the maintaining and winding up the business (Nobes, Parker, 2016). Besides this, as the profits dispersed to the shareholders are assessed as taxable, it reduces the income of the companies. Hence, reformation has both benefits and drawbacks so at present it cannot be said it is good or bad. References Britton, A., Waterston, C. (2013).Financial accounting. Harlow: Financial Times Prentice Hall. Cerioni, L. (2007).EU corporate law and EU company tax law. Cheltenham [u.a.]: Elgar. Engdahl, S. (2011).Taxation. Farmington Hills, MI: Greenhaven Press. Harper, L., Walton, K. (2015).Tolley's corporation tax. London: LexisNexis Tolley. Horngren, C. (2013).Accounting. Frenchs Forest, N.S.W.: Pearson Australia. Horngren, C. (2014).Accounting. Toronto: Pearson Canada. Jones, M. (2013).Accounting. Chichester: Wiley. Krivogorsky, V.Law, corporate governance, and accounting. Lakshmanan, J. (2015).Taxation laws. [Place of publication not identified]: Universal Law Publishing. Nader, R. (2011).Cutting corporate welfare. New York: Seven Stories Press. Nobes, C., Parker, R. (2016).Comparative international accounting. Harlow, England: Pearson. Oppermann, H. (2009).Accounting standards. Lansdowne: Juta. Parker, J. (2007).Tax smarts for small business. Naperville, Ill.: Sphinx Pub. Powers, M., Needles, B. (2012).Financial accounting. [Mason]: South-Western, Cengage Learning. Schroeder, R., Clark, M., Cathey, J. (2011).Financial accounting theory and analysis. Hoboken, NJ: Wiley. Woellner, R. (2013).Australian taxation law 2012. North Ryde [N.S.W.]: CCH Australia.