ACCOUNTING AND FISCAL IMPLICATIONS RELATED TO THE TRANSITION FROM PROFIT TAX TO MICRO-ENTERPRISE INCOME TAX

2021 ◽  
Vol 14(63) (1) ◽  
pp. 95-100
Author(s):  
Steliana Busuioceanu
Keyword(s):  
Economic Growth ◽  
Income Tax ◽  
Residential Buildings ◽  
City Area ◽  
Trading Company ◽  
Considerable Impact ◽  
Fiscal Implications ◽  
Micro Enterprises ◽  
Construction Works ◽  
The Way

In the years preceding the coronavirus pandemic, the Romanian economy experienced a constant economic growth, which determined a significant increase of the companies' profitability. Still, the budget revenues from the taxation of the profits obtained by the company did not perform as expected. This was also due to the fact that there were extensive legal changes referring to the way of taxing the company's profits. In this context, we intend to analyze the situation of a trading company whose business field is construction works of residential and non-residential buildings. The company operates in Brasov city area and in the recent years has seen several changes from the income tax of micro-enterprises to the profit tax and vice versa, which has had a considerable impact on the volume of taxes due

scholarly journals Impact on the economic and tourist development of the micro-businesses of the food sector of Xicotepec, due to the Health Contingency caused by the SARS-COV-2 (COVID-19)

2020 ◽  
pp. 33-39
Author(s):  
Evelin Amador-Mendoza ◽  
Clotilde Cruz-Cabrera ◽  
José Rubén Velázquez-Vargas
Keyword(s):  
Economic Growth ◽  
Food Sector ◽  
Current Context ◽  
Tourist Development ◽  
Micro Enterprises ◽  
The Way ◽  
Economic Income

The project documents the research carried out through questionnaires that determine the effects that the health contingency has had in the municipality of Xicotepec de Juárez, Puebla, specifically in micro-businesses in the food sector, due to the pandemic caused by the better known SARS-COV-2 virus as COVID-19, emphasizing that said municipality has the name of “Pueblo Mágico”, which positions it as a tourist spot in this area of the country and that the economic income depends on the flow of national and foreign visitors, so that recognizing the situation of micro-enterprises in the gastronomic sector and the way in which they have managed their activities under the current context, will allow us to identify opportunities to interact with them in order to put into practice the necessary strategies to keep them in operation, seeking that not only survive the health contingency, but also adapt to the new reality to achieve development and real economic growth.

Tenants' Satisfaction in High Residential Building

2020 ◽  
Vol 17 (1) ◽  
pp. 41
Author(s):  
UMMU SHOLEHAH MOHD NOR
Keyword(s):  
Urban Areas ◽  
Residential Buildings ◽  
Low Cost ◽  
Residential Building ◽  
Real Estate Market ◽  
The Real Estate ◽  
Level Of Satisfaction ◽  
Considerable Impact ◽  
Residential Living ◽  
Medium Cost

High residential living in Malaysia has not been widely given a significant emphasises in literature despite its increasing scale and significance in the real estate market. The significance of high rise is mainly due the increasing rate of migration from rural to urban. It is estimated a total of 77.2 percent of the Malaysian population lived in urban areas in 2020. Approximately, 30 percent of this urban population lives in strata housing. These percentages are predicted to continue to increase in the future. The emergence of high residential building has been argued as confronting various problems which has considerable impact on this life style. Satisfaction is an important outcome of living in one’s dwelling, although it is not the only consideration. High residential building in Malaysia encountered numerous problems in term of management aspects, legislation aspects, and residents’ satisfaction. The purpose of this paper is to investigate the tenants’ satisfaction living in high residential buildings in Klang Valley. The questionnaires survey is conducted amongst 276 tenants at low cost and medium cost HRB using random sampling in HRB located at areas under jurisdiction Dewan Bandaraya Kuala Lumpur (DBKL), Majlis Bandaraya Subang Jaya (MBSJ), Majlis Bandaraya Shah Alam (MBSA), Majlis Bandaraya Subang Jaya (MBSJ), Majlis Perbandaran Selayang (MPS) and Majlis Perbandaran Ampang Jaya (MPAJ). The result from this study shows that tenant in medium cost residential building are more satisfied in term of facilities and management as compared to tenants in low cost residential building. Tenants also not disclosed to the existing act and procedure related to high residential building. In conclusion, this study suggested the Local Authority to emphasise the role of tenant. These recommendation hopefully will increase the level of satisfaction amongst the residents in HRB.

The Developmental Trading State

2017 ◽  
Author(s):  
Alex J. Bellamy
Keyword(s):  
Economic Growth ◽  
East Asia ◽  
National Economy ◽  
East Asian ◽  
The State ◽  
State Model ◽  
Principal Function ◽  
Mass Violence ◽  
The Way

This chapter demonstrates that the downwards pressure that state consolidation placed on mass violence was amplified by the type of state that emerged. Across East Asia, governments came to define themselves as “developmental” or “trading” states whose principal purpose was to grow the national economy and thereby improve the economic wellbeing of their citizens. Governments with different ideologies came to embrace economic growth and growing the prosperity of their populations as the principal function of the state and its core source of legitimacy. Despite some significant glitches along the way the adoption of the developmental trading state model has proven successful. Not only have East Asian governments succeeded in lifting hundreds of millions of people out of poverty, the practices and policy orientations dictated by this model helped shift governments and societies away from belligerent practices towards postures that prioritized peace and stability. This reinforced the trend towards greater peacefulness.

Managing Change at Muhibbah Engineering (M) Bhd

2017 ◽  
Vol 6 (1) ◽  
pp. 12-25
Author(s):  
P. R. Bhatt ◽  
R. Rathish Bhatt
Keyword(s):  
Organizational Culture ◽  
Board Of Directors ◽  
Executive Director ◽  
Vice Chairman ◽  
Managing Change ◽  
The Board Of Directors ◽  
Construction Works ◽  
The Way

Tuan Haji Mohamed Taib bin Ibrahim, chairman of Muhibbah Engineering Bhd (MEB), called a meeting of the board of directors to discuss the issue of Asia Petroleum Hub (APH) project on 27 July 2012. The construction works for APH were stopped as APH financier of CIMB Bank Bhd, suspended its financing in 2009. Asia Petroleum Hub was later wound up under a winding-up petition filed by a creditor in October 2012. Muhibbah board decided to pay net debt exposure of RM 245 million certified claims from APH keeping Muhibbah’s right to pursue recovery. Mac Ngan Boon, the managing director, suggested drastic changes in the company’s structure, roles, responsibilities and organizational culture to put the company on a path to sustainable profits. Datuk Zakaria bin Abdul Hamid, vice chairman and independent non-executive director, and Abd Hamid bin Ibrahim, another independent non-executive director, endorsed Mac Ngan Boon’s suggestions. The board has to decide the way forward.

scholarly journals Providing Income Tax Article 21 Tax Incentives during the Covid-19 Pandemic for the Stability of Economic Growth in Indonesia

2021 ◽  
Vol 04 (03) ◽  
Author(s):  
Tiolina Evi ◽  
Keyword(s):  
Economic Growth ◽  
Income Tax ◽  
Qualitative Method ◽  
Tax Incentives ◽  
Know How ◽  
Analysis Techniques ◽  
Incentive Policies ◽  
The Government ◽  
The Stability ◽  
The Impact

This study discusses the policy analysis of providing Article 21 Income Tax incentives for taxpayers affected by the corona virus (covid-19) outbreak in order to maintain the stability of economic growth. The aim is to determine the effectiveness and influence of the provision of incentive policies by the government on economic conditions in society, especially in meeting household consumption needs. The problem raised in this study is the impact caused by the Covid-19 pandemic on employees who have been laid off, which the government then resolves by providing PPh 21 incentives with the aim of helping workers. The research method used in this research is a qualitative method. The purpose of this research is descriptive. Data collection techniques that have been collected, were analysed using qualitative data analysis techniques. The result of this research is to know the impact of government incentives for workers who have met the qualifications of the incentive recipients and to know how the scheme is in fulfilling this PPh 21 incentive.

scholarly journals THE IMPACT OF TAX POLICY ON ECONOMIC GROWTH, INCOME DISTRIBUTION, AND ALLOCATION OF TAXES

2006 ◽  
Vol 23 (2) ◽  
pp. 28-52 ◽  
Author(s):  
James D. Gwartney ◽  
Robert A. Lawson
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Income Tax ◽  
Tax Rates ◽  
Personal Income Tax ◽  
Income Groups ◽  
Marginal Tax Rates ◽  
Tax Changes ◽  
The Impact ◽  
Distribution Of Income

Using a sample of seventy-seven countries, this paper focuses on marginal tax rates and the income thresholds at which they apply to examine how the tax changes of the 1980s and 1990s have influenced economic growth, the distribution of income, and the share of taxes paid by various income groups. Many countries substantially reduced their highest marginal rates during the 1985-1995 period. The findings indicate that countries that reduced their highest marginal rates grew more rapidly than those that maintained high marginal rates. At the same time, the income distribution in several of the tax cutting countries became more unequal while there was little change or even a reduction in income inequality in most countries that maintained high marginal rates. Finally, the evidence suggests that there was a shift in the payment of the personal income tax away from those with low and middle incomes and toward those with the highest incomes.

The Economic History of South Africa 1948–94

2021 ◽  
pp. 46-65
Author(s):  
Bill Freund ◽  
Vishnu Padayachee
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
South African ◽  
Economic History ◽  
History Of ◽  
Anglo American ◽  
Relationship Of ◽  
Global And Local ◽  
The Impact ◽  
The Way

This chapter addresses the unfolding economic history of South Africa in the apartheid era (1948–94). The chapter is organized according to a periodization with 1971–73 as a marker of the break, and along specific thematic lines. These include a discussion of the way in which this history has been studied and through what theoretical lenses, before engaging with the main issues, including the impact of Afrikaner nationalism on economic growth, the way in which the minerals energy sector, which dominated early perspectives of South African economic history and perspectives, is impacted in this era of National Party rule. An analysis of the role of one major corporation (Anglo American Corporation) in shaping this economic history is followed by an assessment of the impact of the global and local crisis after c.1970 on the South African economy. An abiding theme is that of race and economic development and the way in which the impact of this key relationship of apartheid South Africa on economic growth has been studied.

Taxes

2020 ◽  
pp. 146-163
Author(s):  
Kenneth P. Miller
Keyword(s):  
Economic Growth ◽  
Income Tax ◽  
The State ◽  
Personal Income ◽  
Tax Burden ◽  
Government Programs ◽  
Tax System ◽  
Revenue Source ◽  
Adequate Funding ◽  
State Tax

This chapter places Texas and California on the national spectrum of state tax policy and shows how they occupy opposite poles. Texas has maintained a low overall tax burden and is one of a small number of states that has steadfastly refused to adopt an income tax. Advocates of the Texas tax system argue that it protects personal freedom, promotes economic growth, and provides the state a crucial advantage in attracting new residents and businesses. Critics say the system is regressive and fails to produce adequate funding for government programs. By comparison, California has embraced a far higher tax burden and a progressive tax structure. Its largest revenue source, the personal income tax, is the highest in the nation. Advocates say California’s tax system generates needed funding for government programs and appropriately shifts the tax burden to those most able to pay, while critics say these taxes are excessive and help drive residents and businesses out of the state.

scholarly journals Analysis of repair works to remove the effects of structural failure after a gas explosion

2019 ◽  
Vol 284 ◽  
pp. 02002
Author(s):  
Aleksandra Bąk ◽  
Ryszard Chmielewski
Keyword(s):  
Residential Buildings ◽  
Residential Building ◽  
Technical Condition ◽  
Structural Elements ◽  
Structural Failure ◽  
Gas Explosion ◽  
Gas Explosions ◽  
Construction Supervision ◽  
Bearing Structure ◽  
Construction Works

The article presents the issues of repair works in a multi-family residential building, whose structural and non – structural elements have been damaged and destroyed by a gas explosion and the fire. Gas explosions in residential buildings constitute a small percentage of the total number of building disasters, however, due to the relatively large number of injured people, these incidents are very dangerous [1]. Moreover, the gas explosion often leads to significant material losses and fatalities. Proper assessment of the load-bearing structure after such incident requires an extensive knowledge of the behaviour of structures. The first authority, that issues a decision regarding further use is Construction Supervision Inspector. Until the demolition of the object is ordered, the next step is to provide expert report made by an authorized construction expert, whose aim is to assess the technical condition of the elements of the structure and to determine the scope of necessary repair works. Construction expert, who give such opinion during the assessment of objects immediately after such incident, often has limited access to structural elements, moreover these elements often are covered. Hence, the recommendations contained in these reports often do not include all of required construction works.

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